At AFCU, Go Green, Earn The Green

BASKING RIDGE, N.J. - The $1.5-billion Affinity FCU has launched a “Green Rewards Checking” program that offers a higher APY, up to 3.25%, to members who go green and reduce paper waste.

Processing Content

When opening an account, members are required to “go green” by enrolling in online bill pay, online statements and the Affinity OneCard debit/ATM card, which are all paperless. As another benefit, participants in the program qualify for free checks printed on recycled paper, the credit union said.

“We’re rewarding members for going green,” notes Donna LoStocco, vice president, member experience. “Green Rewards Checking allows Affinity members to increase their yields as they increase their balance and cut down on paper.”

Affinity’s high-yield Green Rewards Checking has no fees, no minimum balance requirements, no penalties or time limits for accessing money, free checks (on recycled paper) and unlimited check writing privileges.

At presstime, the tiered yield structure was as follows:

0 - $4,999 .75%

$5,000 - $14,999 1.00%

$15,000 - $24,999 1.50%

$25,000 - $49,999 2.0%

$50,000 - $99,999 2.50%

$100,000 - $249,999 3.00%

$250,000+ 3.25% (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More