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Non-Interest Income and Saving Your Member’s Money

Mon, Jan 20, 2014

Columbia, Maryland

Do you have members who aren’t “profitable”?

Are you struggling for ways to grow revenue without increasing fees?

Do you want to increase loyalty by adding value added perks to credit union membership?

If so, the Sprint Program through Invest in America may be a perfect option.

Key Points:

  • By offering the Sprint Credit Union Member Discount you are providing a wireless program that rewards your members while reinforcing the value of being a credit union member. 
  • Your members save 10% off of their Sprint wireless bill
    • Waived activation fee on new lines (up to $36 in savings)
    • Waived upgrade fee (up to $36 in savings)
    • Unlimited data available on select phone plans
  • Most recent payout generated 21 cents per member for performing the simple annual marketing requirements.  This year’s incentive has not yet been finalized but will be in the ballpark.
  • Credit Unions enroll into the Sprint Credit Union Member Discount program by going to www.lovemycreditunion.org, click on the Partner Center, click on Credit Union Enrollment Forms and then click on the Sprint tile to access our online enrollment form.  Upon completing the form they can either email it to IIASupport@CUSolutionsGroup.com or fax it to 800.341.9160.  Any questions can be directed to the Client Support at 866.348.2887.
  • This year our participating credit unions received checks ranging from $300 to over $50,000

For additional information about the Sprint Credit Union Member Discount program contact me at nkoumentakos@mddccua.org or 434.725.0766