Claim Your
Savings Incentive!
How It Works
Get Your Savings Incentive
After you pay off your loan, you may be eligible to earn a savings incentive equal to 10% of your original loan amount. For example, if your loan was $1000, you may be eligible to receive a $100 incentive. Visit step 1 to see if you qualify.
Step 1: Confirm Eligibility
To receive a Savings Incentive you must:
- Pay off your Impact Loan in full no more than 3 months past your original pay-off date.
- You still meet the same eligibility requirements as when you applied for your loan. Ex. Affiliated with the same organization that provided your loan.
- You must have a savings account.
- Apply and receive your bonus before applying for another loan.
Step 2: Save 10% into Your Savings Account
Please note: Step 2 needs to be completed within 90 days of paying off your loan.
- Save at least 10% of your original loan amount into a savings account. Ex. If you had a $1000 loan, you will need to save at least $100 in your account.
- A savings account is required to receive your incentive. If you don’t have a savings account, we invite you to open one with us at BCU.
- Once the required 10% is saved follow the directions in Step 3.
Step 3: Set up your Zelle account & Submit your Application
If you plan to use Zelle, you must set up your account BEFORE submitting your application and have your account information on hand.
Note: As part of your application you will be required to upload a copy of your Savings Account statement which shows your balance as proof that you met the 10% savings requirement.
Use the link below to submit your application.
Step 4: Receive Your Bonus
Once your application is approved, we will disburse your Savings Incentive Bonus equal to 10% of your original loan amount. Ex. If your original loan amount was $1000, you were required to save at least $100 and you will receive a $100 bonus.
Congratulations!
You are well on your way to growing your emergency savings fund.