Birmingham Bloomfield Credit Union’s Gividends rewards program is designed to offer you rewards based on your credit union relationship. Gividends is an exclusive BBCU program that provides benefits such as free or discounted services based on your level of participation in the credit union. Points are scored on the usage of BBCU services.
Gividends Rewards Program rewards account activity, as well as deposit and loan balances. Using products such as checking accounts, debit cards, credit cards, loans, mortgages and retirement accounts contribute income and strength to the BBCU cooperative. When you use these products to manage your household, you are investing in the credit union, which allows BBCU to provide you with more benefits.
While we strive to run the credit union efficiently so that we can offer good value to all members, the Gividends Rewards Program is designed to provide the greatest value to those who make the greatest investment in the BBCU cooperative by using BBCU’s products and services. It is easy to achieve a level in the program where you begin to earn rewards.
At the beginning of every month we take a look at your activity and participation with BBCU over the previous month. We look at things like what accounts you have, your overall account balances and status, services you’ve used over the month like direct deposit of your paycheck or online banking, and enrollment for special services like e-Statements or online bill pay. Each product or service is awarded a certain number of points towards your overall score. (Things like past-due loan payments or overdrawn saving accounts will subtract from that score.) Once your score is calculated, you become eligible for all of the benefits for your particular participation group throughout that entire month. For example, when your score is calculated on May 1, it is based on your April activity, but you get the benefits throughout the entire month of May.
Remember, the more you use our products and services, the better the rewards!
Four Levels of Rewards
* Monthly savings account service fee is also waived for any member who is a minor, or has any of the following with BBCU: a loan with a balance, a credit card, a mortgage, a checking account, or an aggregate deposit balance of $1,500 or more.
**Limit of 5 free per month.
BBCU Gividends Point Scale
|Primary Financial Institution|
|PFI Account (checking)||75|
|Length of Membership (every year of membership after 5 years)||5|
|Additional general savings products||25|
|Non IRA CDs||25|
|IRA share & CDs||25|
|Checking with a negative balance||0|
|Savings with a negative balance||-300|
|Aggregate Balance up to $999||10|
|Aggregate Balance $1,000 to $4,999||25|
|Aggregate Balance $5,000 to $14,999||50|
|Aggregate Balance $15,000 to $74,999||100|
|Aggregate Balance $75,000 and above||150|
|Commercial Real Estate Loans||50|
|Home Equity Loans||50|
|All other Loans||25|
|Loans 1 or more months delinquent||-500|
|Aggregate Balance up to $999||50|
|Aggregate Balance $1,000 to $4,999||75|
|Aggregate Balance $5,000 to $14,999||100|
|Aggregate Balance $15,000 to $29,999||150|
|Aggregate Balance $30,000 and above||200|
|Mortgage Center Loans||200|
|ATM - Active||50|
|Debit Card - Active||50|
|E-Statements - enrolled||100|
|Bill Payment - enrolled||50|
|Member Elect Deposit Relationships|
|Payroll with Deposits of at least $300/mo||25|
|ACH with Deposits of at least $300/mo||25|
|Transfers via AFT - active||25|
|Loan Payments via AFT - active||50|