Seven Seventeen has long been encouraging members to simplify their financial lives by providing online financial tools and educational resources, and to save by refinancing loans from other financial institutions or consolidating debt through the Simplify & Save program.
We took our own advice to simplify, and in listening to member comments, we developed the Simply Rewarding Member Rewards Program. This simplified member rewards program takes the former STAR Member Rewards™ program benefits that members indicated were most valuable and places them into a much simpler program that is Simply Rewarding.
The Simply Rewarding program is based on combined household deposit and loan balances. Rewards focus on saving members money on loans, increasing rates on certificates, and reducing overdraft transfer fees. Reward levels start at $10,000 in total household combined loan and deposit balances.
The Simply Rewarding Member Rewards Program
Effective January 1, 2013
Primary Rewards level
Preferred Rewards level
Premium Rewards level
$10,000.00 - $24,999.99
$25,000.00 - $39,999.99
$40,000.00 or more
Rate Discount on Selected Loans2
Rate Increase on Certificates
Overdraft Transfer Fee3
Simply Rewarding Program Bonuses:
Any household with a mortgage loan that is sold to a third party will automatically have members of their household remain at the Premium Rewards level for a period of seven years.
Any relationship with Seven Seventeen Retirement & Investment Group gives all household members a one reward level bump. Example: A Household with less than $10,000 in combined Seven Seventeen deposit and loan balances, that has a Seven Seventeen Retirement & Investment Group relationship, will be placed at the Primary Rewards Level.
Because all Seven Seventeen members of your household can benefit by your relationships, we encourage you to take full advantage of the Simply Rewarding Member Rewards Program!
Options to Opt-Out: If you would like to opt-out of having your accounts combined with the other member accounts in your household, please stop by any branch or call our TeleServices Department. Keep in mind that opting out could reduce your Simply Rewarding Rewards level, since the loan and deposit balances in those accounts will not be added to yours. Additionally, combining your household balances with other Seven Seventeen members living at the same address can help you avoid the $3.00 monthly service fee which is waived for all members with household deposit and loan balances of $1,000 or more. Unlike the former STAR Member Rewards™ program, the monthly service fee is not part of the Simply Rewarding Member Rewards Program as the benefits start at a minimum of $10,000 in household balances. There are a number of other options for avoiding the $3 monthly service fee, for more information ask a Member Service Representative, or go to http://www.sscu.net/avoidservicefee.
Note: Business accounts are not eligible for the Simply Rewarding Member Rewards Program.
1 Households consist of all Seven Seventeen members residing at the same mailing address. 2 No loan rate discounts are available for new member indirect loans; current members can receive loan rate discounts on indirect loans. Call for details. 3 Transfer from Savings, Visa® credit card, or line of credit in the event you overdraw your checking account and have requested this service. Standard Overdraft Transfer Fee is $8.00.