Empower Blog

January 09, 2024

Tips to Maximize Your Profit Payout

Savings, Profit Payout

As a not-for-profit credit union, we return our profits to those who bank with us in many ways, including better rates, lower fees, and of course – Profit Payout1. In the past 12 years, we've given back over $93 million to our members through the CommunityAmerica Profit Payout program. Our Profit Payout is an exciting time of the year and is one of our commitments to your financial well-being.

 

We want to make sure you know how to qualify and earn the largest payout possible with your accounts. So, we've highlighted a few areas below that will ensure you are ready for Profit Payout Day 2025:

Profit Payout Eligibility

Qualifying for Profit Payout is simple. To get your share, you need a product from three of six categories – Save, Spend, Manage, Borrow, Live, and Invest2. Here’s a breakdown of the six categories:

  • Save – Minimum combined balance of $1,000 in a Savings, CD, or Money Market or maintain a balance of at least $1,000 for the previous 30 days in a Checking account
  • Spend – 7 transactions a month in a Checking or Credit Card account
  • Manage – Active user in Online Banking or Mobile App or have Direct Deposit set up
  • Borrow – Have a Vehicle, Personal, or Secured Loan
  • Live – Have a Mortgage or Home Equity Loan
  • Invest – Have Investment, IRA (minimum balance > $100), or Insurance3 products

Our goal is to reward you for making us your financial go-to. That’s why the more products and services you have with us – as well as the higher balances you have in your accounts – the bigger your Profit Payout potential could be. Simply checking off these categories is the easy part; the next step is understanding how you can grow your payout. Keep reading for a couple ideas to grow your payout amount in the future.

Finance Your Home with CommunityAmerica

The easiest way to receive a larger payout would be to finance your home with us. The higher your balances, the greater your Profit Payout potential – and no loan is going to be worth more than your home loan. When working with us, you can expect competitive mortgage rates, local servicing, and valuable experience as a top mortgage lender in KC – on top of an increased share of Profit Payout. Learn more about our mortgage offerings here.

Grow Your Balances

Remember – the higher your balances, the greater your Profit Payout could be. This is just one more reason to work on building your savings in the new year. You need at least $1,000 combined between all Savings, CDs, and Money Market accounts to qualify in the Save category or maintain a balance of at least $1,000 for the previous 30 days in a Checking account. So, don’t give up on your New Year’s resolution to build your savings.

At CommunityAmerica, we are here to help our members reach financial peace of mind. Profit Payout is one of many benefits that come with being a dedicated member. Visit our Profit Payout page to learn more on the program and calculate your potential payout. If you have questions about your Profit Payout, don’t hesitate to contact us. We want to ensure every member is rewarded for supporting CommunityAmerica and making us your financial go-to.

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About the Author
tara wandtke
Tara Wandtke

Manager - Branch Sales

Tara Wandtke is the Manager - Branch Sales in CommunityAmerica Credit Union's South Region.