Elite Rewards Requirements
All members age 50 and better are eligible to become an Elite Rewards if they meet at least ONE of the following criteria:- Member has combined deposits in Velocity Credit Union share certificates, IRAs, Prestige Money Market account, or regular shares (savings) equaling $1,000.00 or more
- Member utilizes Direct Deposit to automatically deposit at least $200.00 per month on a recurring basis to any Velocity Credit Union account. This can be any Direct Deposit from employer payroll, employer retirement, or federal payment like Social Security.
- Member has a Velocity Credit Union MasterCard or Quickloan account in good standing with a credit limit of $1,500.00 or more.
As an Elite Rewards Member, you are entitled to the following benefits:
- Unlimited regular American Express Travelers Checks at no cost and Travelers Checks For Two at a discounted rate.
- Eligibility for special loan rates. On many types of loans, this could mean a reduction of 0.20% APR to 0.50% APR* on your next loan. This includes unsecured loans, new and used auto loans and loans for boats, recreational vehicles, furniture, appliances, and much more.
- Eligibility for special share certificate rates on your deposit of $5,000.00 or more. These special rates can increase your investment Annual Percentage Yield by 0.10% APY to 0.20% APY** depending upon the amount and the length of time you invest.
- A special Elite Rewards identification card. Present this card to receive any of the above benefits.
- Free teller checks issued to member or third party
- Other benefits may be offered to Elite Rewards members throughout the year on a periodic basis.
In order to join our Elite Rewards, simply call our Member Services Department at (512) 469-7119 or (800) 933-2029.
*APR=Annual Percentage Rate
**APY=Annual Percentage Yield
**APY=Annual Percentage Yield