When you refer new members to SMCU, you help your co-op grow. That’s important because, as it grows, the co-op is able to offer you improved products and services while still keeping costs low.
By telling your friends and family about SMCU’s free checking accounts and low-cost auto loans, you are passing the benefits of credit-union membership on to them. You’ll feel like a hero, and best of all, your co-op will reward you in cash for referring new members. When you refer a friend or family member you can get paid $20, $40, or even $50. The amount you get for each referral depends on how you use SMCU. Tiered bonuses for referrals are an example of Cooperative Principle #3: The more you use your co-op, the more you can benefit from it.
Which Tier Are You?
Tier One - If you have a checking account with SMCU, you’ll get $20 at the end of the quarter for every qualified referral you make. A qualified referral is a new member who opens a new checking account within 30 days of joining SMCU.
Tier Two – If you have an SMCU consumer loan1, including an SMCU VISA® credit card, you get $40 per qualified referral.
Tier Three – If you have a mortgage at SMCU your bonus jumps up to $50 per qualified referral.
A Bonus Bonus
When the person you refer opens a new SMCU loan1 , you get a $50 bonus, no matter which tier you’re in. As long as their loan funds within 30 days of when they open their membership, you’ll get $50 at the end of the quarter.
How Much Will You Earn?
There is no limit to how many new members you can refer in a quarter. Spread the word about your credit union, and you could end up with enough for a nice night out, a weekend away, or even more.
Since the program began in June, SMCU members have received more than $8,000 for spreading the word about SMCU.
As an SMCU member, you know what it means to be a credit union member versus a bank customer. Now you have a chance to help your friends and family experience all the things you love about your local financial co-op. Help them transfer from their bank today and get a little reward for yourself.
Learn more about the member referral program and read the official rules at smcu.com/refer
1not including share-secured loans.