La Cap wants to reward our members with a little extra spending money. It's our way of saying thank you for your continued loyalty and support.
In 2022, La Cap members received more than $321,000 through our Membership Rewards program!
Here’s how it works. Once a year, we’ll deposit a little something into your savings account as a reward for having La Cap accounts. That’s it!
It all starts with your La Cap checking account—we’ll give you $20 just for using it. Got a savings account, auto loan, or credit card? We’ll give you $10 for each of those. And if you have your mortgage with us, you’ll get $30 each year. So you’ll have the safety and security of great accounts that help improve your finances, and a little something extra in your pocket too.
Reward Period: July 1st – June 30th
Qualifications: By October 1st members who meet the below qualifications will receive a reward payout in accordance with the below payout schedule. Consumer member, age 18 or older, with an active personal checking account with an average monthly daily balance of $1,000 or greater or a minimum of 10 posted debit card purchases each month (minimum of 10 months in 12 month period) during the Reward Period. Member must be enrolled in online banking and e-statements to qualify for rewards. Account must still be open on October 1 to qualify.
Ineligibility: The following are not eligible: members with a loan or deposit charge-off, those with a loan delinquent by 60 consecutive days or more during the Reward Period; business members and trust accounts with an EIN; business accounts under personal memberships.
Payout Schedule: checking account with an average monthly daily balance of $1,000 or greater or a minimum of 10 posted debit card purchases each month (minimum of 10 months in 12 month period) - $20 payout; savings account with a minimum balance of $1,000 (excludes IRAs and certificates) - $10 payout; auto loan with original loan amount of $15,000 or greater - $10 payout; credit card with minimum of 50 transactions in 12 month period - $10 payout; first mortgage or second mortgage with original loan amount $50,000 or greater - $30 payout. Reward posts to the member’s primary savings account by October 1st and may be reportable on IRS form 1099-MISC.
Limitations: To receive reward, membership during the Reward Period and on the reward payment date is required. Account relationships, balances and activity requirements are based on a single member number. Limit one checking and one savings account per member number. Program subject to change.
*This number is an estimate based on an eligible member with the following La Cap account types in good standing and meeting all program qualifications: 1 checking account, 1 savings account, 1 auto loan, 1 credit card, and 1 mortgage. Actual reward will be based on the individual members accounts, eligibility, and qualifications.