COON RAPIDS, Minn. — The $100 million Anoka Hennepin Credit Union has signed up for a rewards only program that will offer members a cash back card that they can use locally to receive cash back from participating stores.
The VIP Cash Value card is not a credit or debit card, the CU said. Rather it is a free card that members can use to generate cash back for their purchases as well as for the Anoka Hennepin Educational Foundation.
The Foundation uses the money to support a variety of school programs for which tax dollars are not available, like updating books in the media centers, grants, leading outward bound type leadership programs and activity fees.
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The CU will also load $10 on a card for members that refer an individual to the credit union. The new, referred member also receives $10 on their VIP card.
"This type of program is 'win-win-win'," said Jeff Claussen, AHCU CEO. "We're able to contribute to education with a user-friendly cash value card while growing the credit union. Additionally, when members use the funds we've loaded on their cards we are, in turn, supporting businesses in our communities."
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