Why can I use a loan discount on a new or existing loan with a balance of $100,000 or more or remaining terms over 12 years?
Frankly, because the cost of the reward would be prohibitive. It would cost the credit union too much to offer this kind of reward–a 1% discount on a$150,000 loan is 10 times greater than a discount on a $15,000 loan–and it would take too many points to achieve the reward. Also, we want to focus on having rewards that a majority of members can use. Loan discounts for $25,000 (such as an auto loan), rather than $150,000 loans, fit that description.
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