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All of the VIP eligibility requirements are listed here in the VIP Dividend Disclosure.
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VIP Dividend Disclosure

VIP Dividend Disclosure

The following requirements for a Loan Rebate Dividend and/or a Deposit Bonus Dividend apply to the account relationships(i.e.Checking,Loan and/or Deposit accounts)under a single membership number.

To be eligible for a payout you must:
  1. Be a member in good standing which means having at least $5.00 in your primary share account;be a member of record on the declaration date of December 31,2015 through the payout date in January 2016;may not have had a share or loan charge-off;may not have had a loan delinquent by 60 days or more between January 1,2015 and December 31,2015;and
  2. Be a VIP member by owning a personal checking account from which you performed 144 or more withdrawals between January 1,2015 and December 31,2015;and

Loan Rebate Dividends are based upon total loan interest paid and are calculated as the sum of the monthly interest paid,not accrued,on all loans(non-business)listed under a single membership number for the calendar year 2015.

2015 Loan Rebate Dividend
Total Loan Interest PaidLoan Rebate Dividend

Deposit Bonus Dividends are based upon year-end average daily balance,which is calculated as the average of the month-end average daily balances of all shares(non-business)listed under a single membership number for the calendar year 2015.

2015 Deposit Bonus Dividend
Year End Average Daily BalanceDeposit Bonus Dividend


Only primary members receive a Loan Rebate Dividend and/or Deposit Bonus Dividend.Joint owners will not receive a separate payout.Loan interest and deposit balances cannot be combined or shared with other accounts.Business Accounts,Custodial Accounts,and Trust Accounts are ineligible.All transaction activity is based on calendar year 2015.Member in good standing and balance criteria are determined as of 12/31/2015.

Loan Rebate Dividend and/or Deposit Bonus Dividend payouts are reportable on IRS form 1099-INT for 2016.

The Credit Union reserves the right to modify and cancel the VIP Program at any time and no member has a reasonable expectation that a Loan Rebate Dividend or Deposit Bonus Dividend will be paid as part of the VIP Program in any year or that the terms will remain the same.

All member deposits in Coastal Federal Credit Union are insured to $250,000 (funds in IRA accounts are eligible for separate insurance protection up to $250,000) by the National Credit Union Administration, an agency of the United States Government. Dividends are based on the credit union's earnings at the end of a dividend period and thus cannot be guaranteed.