Members Choose Their Charities
New Mexico Educators FCU said it has launched a new 'Community Rewards' card that allows members to help determine how the credit union distributes gift-giving, while also rewarding the member. Members will earn a one-quarter of 1% cash reward for their signature-based purchases and at the end of a year, the credit union will match their reward by a quarter of 1% to the community and charitable cause they chose when they enrolled. Members are able to choose a community and a charitable category where the credit union may contribute the funds. Credit union officials estimate they will raise as much as $500,000 during the first year.