Credit union participation is a key part of 7 17 Credit Union’s ability to serve our entire membership. Our Simply Rewarding program, which is based on combined household deposit and loan balances, rewards participation by saving members money on loans, increasing rates on certificates, and reducing overdraft transfer fees. This is a no-cost program and all members are eligible to participate.
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.
Important Note: During these financially challenging times, all 7 17 members will earn Premium Rewards pricing on selected loans and certificates.
| Rewards Level |
Primary Rewards |
Preferred Rewards |
Premium Rewards |
| Household1 Balances |
$10,000.00 - $24,999.99 |
$25,000.00 - $39,999.99 |
$40,000.00 or more |
| Rate Discount on Selected Loans2 |
.10% |
.15% |
.25% |
| Rate Increase on Certificates |
.05% |
.10% |
.20% |
| Overdraft Transfer Fee3 |
$6.00 |
$4.00 |
FREE |
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 7 17 Retirement & Investment Group gives all household members a one reward level bump. Example: A Household with less than $10,000 in combined 7 17 deposit and loan balances, that has a 7 17 Retirement & Investment Group relationship, will be placed at the Primary Rewards Level.
Options to Opt-Out:
If you would like to opt-out of having your accounts combined with 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 7 17 Members living at the same address can help you avoid the $3 monthly service fee which is waived for all Members with household deposit and loan balances of $1,000 or more. 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 717cu.com/avoidservicefee.
Note: Under the Simply Rewarding Member Rewards Program, business accounts can qualify to receive certificate rate bonuses and Overdraft Protection fee discounts; business accounts are not eligible for loan discounts.
1Households consist of all 7 17 Members residing at the same mailing address.
2No loan rate discounts are available for new member indirect loans; current members can receive loan rate discounts on indirect loans. Call for details.
3Transfer 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.