LIVE OAK, Texas – Randolph-Brooks FCU is paying members more than $6.6 million in debit card cash back later this month.
Members who used the MasterCard Freedom Check Card, the credit union’s free debit card offering, to make purchases in 2011, will receive a rewards check. The credit union is paying members 10 cents per debit card transaction, with a member loyalty bonus in the last quarter of the year. From October 2011 to December 2011, Freedom Check Card users earned 15 cents, instead of the usual 10, on each debit card swipe.
“At our credit union, we give our members many opportunities to save money and earn money,” said Sonya McDonald, senior vice president of planning and market development for the $4.8 billion credit union. “The fee-free Freedom Check Card and its cash back reward program accomplish both, while at the same time providing an annual economic stimulus as our members spend and invest their rewards in their communities.”
Since the inception of the program, the credit union’s Freedom Check Card program has given more than $20 million back to Randolph-Brooks members.
