Dividends - 1 point for every $1 in dividends earned
Interest - 1 point for every $1 in interest paid (except 1st mortgages)
Every signature-based transaction with a Salal debit card - 5 points
Every PIN-based transaction with a Salal debit card - 1 point (excludes ATM transactions)
Membership - 100 points after the member's anniversary month
New member - 250 points
Salal Points page at salalcu.org |
(These are included as part of a member's "Available Points" and are available for redemption immediately. Bonus points are not included in Lifetime Points.)
- Emerald and Premier checking - 2,500 points
- My Checking, Silver Horizons and Pathway Checking - 500 points
- CBP - Premier checking - 5,000 points
- CBP - Pathway checking - 2,500 points
- Premium Plus Money Market - 500 points
- Summit Money Market - 500 points
- IRA - 500 points (new accounts only with a minimum contribution of $2,500)
- Visa card - 500 points
- New loan, except mortgage - 500 points
- Refer a new member - 100 points if person joins
- Refer a new CBP (Community Business Partner) - 500 points if company joins. Employees not eligible
- Sign up for Bill Pay, online bill payer - 100 points
- Oops Points - for errors and mistakes (consult manager before awarding)
- Minor errors - 50 points (examples: late check order, error on address changes delaying statement. Any mistakes causing member inconvenience)
- Major points - 100 points (examples: misposted deposit, or loan payment. Any Salal CU error that caused a financial loss to the member)
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Member must be in good standing (must not have any loans that are past due and does not have any share accounts with a negative balance).
- Decrease a new loan by .25% - 2,500 points (excludes 1st mortgages, Visa, EZ Line of Credit, loans through our Dealer Direct program, share secured and share certificate secured loans)
- Decrease Custom Fit Home Equity Line rate by .25% - 2,500 points
- Decrease Custom Fit Home Equity Segment rate by .25% - 2,500 points
- Increase a new certificate rate by .25% - 2,500 points (excludes Youth, Choice & Promotional Certificates)
- Waive an NSF or overdraft fee for Premier checking, up to two times in a year - 250 points
Transferring Points:
Points can be transferred to another account simply by member request. Points cannot be transferred for members who caused the credit union a loss.
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