Running counter to the trend that finds debit card and debitrewards programs at major banks under significantpressure, the 375,000-member Randolph-Brooks Federal Credit Unionpassed back $6.6 million to its members who used its debit card in2011.
|The CU paid members 10 cents per debit card swipe for ninemonths of 2011, with an additional five cents per swipe during thelast three months.
|“At our credit union, we give our members many opportunities tosave money and earn money,” said Sonya McDonald, senior vicepresident of planning and market development for the $4.8 billioncredit union. “The fee-free Freedom Check Card and its cash backreward program accomplish both, while at the same time providing anannual economic stimulus as our members spend and invest theirrewards in their communities.”
|Since the inception of the program, the credit union's FreedomCheck Card program has given more than $20 million back toRandolph-Brooks members, the CU said.
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