New Mexico Educators Federal Credit Union - New Mexico Educators Federal Credit Union :: Member Benefits

The Credit Union returned over $4,000,000 for member participation in 2012!

Earn Your Return & Community Rewards

Great things happen when people join together for common financial goals. Earn Your Return is the over $3,000,000 return to member-owners for their financial relationships with your Credit Union in 2012, and Community Rewards is the $1,000,000 returned to member-owners for their signature based Visa^® Debit Card purchases. That’s the Power of WE^®.

You can earn a return for consolidating all of your financial relationships with your Credit Union. The more you participate in your financial cooperative and the better your Credit Union performs, the more money you earn.

How much can you earn? Try the calculator to see. It’s easy to become eligible and once you qualify you can sit back and let your money work for you. It’s the Power of WE^® in action.

How Earn Your Return Works

If you qualify for Earn Your Return, you’ll receive a bonus dividend on your average yearly loan and deposit balances*. Member participation allows New Mexico Educators FCU to distribute Earn Your Return.

The Details

Ages 26 and over: Must maintain an average combined loan and deposit balance of $5,000
Ages 18-25: Must maintain an average combined loan and deposit balance of $1,000
Ages 0-17: Must maintain an average deposit balance of $100

*The age criterion is determined by a person's age as of December 31, 2013. The 2013 Earn Your Return will be deposited into eligible members’ savings accounts in January 2014. Qualifying members will receive their reward based on all 2013 average yearly qualifying loan and deposit balances, with a minimum amount paid of $25. In addition, to receive the dividend, you must meet all eligibility criteria (minimum average relationship based upon age, as well as a $100 average deposit account balance) and be a member in good standing on the deposit date in January 2014. Business Accounts and Loans, IRG Investment Accounts and Student Loans are not eligible for Earn Your Return.

While it is the intent of the New Mexico Educators Federal Credit Union’s Board of Directors to pay Earn Your Return every year, it is not guaranteed and the amount of the dividend will depend on financial performance.