My Member Perks Disclosures®

My Member Perks Program 

My Member Perks is based on My Member Perks status, which is figured monthly based on account age, loan and share balances, service usage and transactions of aggregated accounts. Accounts aggregated according to primary owner’s Social Security Number or tax ID. Duplicate services not counted in aggregation. Oldest account determines account age during aggregation. Member’s My Member Perks status will be updated by the fifth business day of the month based on prior month’s My Member Perks score. Perks not combinable with offers outside the My Member Perks program unless specifically noted. Member’s accounts must be in good standing and enrolled in paperless statements to receive perks. Business accounts do not qualify for My Member Perks. My Member Perks is subject to change without notice. Membership eligibility required.

Debit Perk

Cash rewards will be automatically credited to your checking account each month there are 30 or more combined eligible transactions by all Purdue Federal Visa Debit Cards associated with your checking account. Automatic cash reward will be made no later than the fifth day of the month immediately following the qualifying month. Member must be Silver Status or above, in good standing and enrolled in paperless statements in order to earn and receive Debit Perk each month. Monthly cash rewards will be reported to the IRS as taxable income. Social Security Number required for accountholder to receive cash rewards. Health Savings Checking and Non-Interest Checking accounts not eligible for cash rewards.

Credit Card Perk

Silver Status members earn .10 Credit Card Perk Points, Gold Status members earn .25 Perk Points, and Diamond Status members earn .75 Perk Points for every $1 spent on Visa credit card purchases. Points are based on total monthly posted purchase amounts up to $10,000 each month. Points will be available immediately for redemption and shown on monthly account statement. Member’s accounts must be in good standing and enrolled in paperless statements in order to earn and receive Credit Card Perk Points each month. Member’s credit card must be active at the time points are credited and redeemed.

Rate Perk

Rate Perk loan discount for Silver Status members earn a .15 percent discount, Gold Status members earn .30 percent discount, and Diamond Status members earn .60 percent discount. Rate before discount is based on creditworthiness. Diamond and Gold Status members earn dividends on Health Savings Account (HSA), Merit or Sensible Checking accounts with balances over $1,000. Share Certificate rate bonus for Silver Status members earn a .10 percent bonus on share certificate terms less than two years, or a .20 percent bonus on share certificate terms two years or more; Gold Status members earn .20 percent bonus on terms less than two years, or .40 percent bonus on terms two years or more; and Diamond Status members earn .30 percent bonus on terms less than two years, or .60 percent bonus on terms two years or more. Rate Perk is based on My Member Perk status prior to opening a new Share Certificate or loan origination. The new certificate or loan will not count toward the members My Member Perks status used to determine Rate Perk for the new or renewed Share Certificate or closed loan. Rate Perk valid on new vehicle loans or refinances from another lender, personal loans, and new or renewed Share Certificates. Rate Perk not valid on private student loans, first or second mortgages, or Visa credit cards. Member's accounts must be in good standing and enrolled in paperless statements in order to earn and receive Rate Perk.

Financial Wellness Perk

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Purdue Federal Credit Union and Investment Services Located at Purdue Federal Credit Union are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Investment Services Located at Purdue Federal Credit Union and may also be employees of Purdue Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Purdue Federal Credit Union or Investment Services Located at Purdue Federal Credit Union. Securities and insurance offered through LPL or its affiliates are: