01.03.21

Changes to PFCU’s Relationship Rewards

Effective April 1, 2021, there will be changes to our Relationship Rewards bonuses and discounts on Regular Share, Certificates of Deposits, and loans. In March of 2020, economic conditions resulting from the pandemic forced the Federal Reserve to cut short-term rates to close to zero. This has affected loan and deposit rates for all financial institutions.

Here are the changes members can expect beginning April 1:

Preferred Member:

  • From .25% APR* discount on select loan products to .125% APR* discount

Premier Member:

  • From .25% APY** bonus on regular share accounts to .125% APY**
  • From .25% APR* discount on select loan products to .125% APR* discount
  • From .10% APY** bonus on Certificate of Deposit Accounts to .05% APY**

Platinum Member:

  • From .50% APY** bonus on regular share accounts to .25% APY**
  • From .50% APR* discount on select loan products to .25% APR* discount
  • From .25% APY** bonus on Certificate of Deposit Accounts to .125% APY**

All other rewards will remain the same.

We appreciate your understanding and continued membership with PFCU. For more information on our Relationship Rewards programs and the benefits, click here.

*APR=Annual Percentage Rate. APR discounts on select loan products will be applied to the rate at time of eligibility and approval. Relationship Rewards eligibility can fluctuate at any time given the member’s total balances from the previous month end. If your reward level changes, your benefits, bonus rates and loan discounts will change accordingly. Rates are subject to change at any time. For full Relationship Rewards details, visit www.picacreditunion.com/membership-benefits/.

**APY= Annual Percentage Yield. Above listed APY will be applied to the published rate at time of eligibility. Relationship Rewards eligibility can fluctuate at any time given the member’s total balances from the previous month end. If your reward level changes, your benefits, bonus rates and loan discounts will change accordingly. Rates are subject to change at any time. For full Relationship Rewards details,www.picacreditunion.com/membership-benefits/.

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