SmartPoints

• SmartPoints are WyHy's reward program to show our appreciation to our loyal Members.
• How Do You Earn Smart Points?
  • As a Member of WyHy, you receive 100 Lifetime Points for every year of membership with the Credit Union.
  • In addition, for every $1 of interest you pay or earn, you will earn one (1) Smart Point. Once a Member earns 2,500 points they are considered a Lifetime Reward Member. At this level, your Lifetime Points will never decrease but will continue to increase as your Smart Point totals are updated each month.
  • Bonus Points are also awarded for selected products and services. These points are never included in your Lifetime Points.
  • Bonus Points are earned for signing up for selected financial services such as Direct Deposit, Bill Payment, Online Banking, and E-Statements.
  • A new loan or new deposit will reward you with 500 to 1,500 Smart Points, depending on the dollar amount. In addition, you can receive 200 Bonus Points if your application is received through WyHy's website.
  • Our Financial Services Consultants can tell you how many Smart Points you have available. You may also view you Smart Points through online banking and on your regular statement.
• What can you do with your SmartPoints?
  • Once you have earned enough Smart Points you can use them to get a higher rate on a term share certificate. An increase over the current rate being paid of 0.25% requires 2,500 points while 0.50% requires 5,000 points.
  • You can also use your Smart Points to reduce the current rate charged on a new loan with WyHy, excluding HELOC's and Member Business Purpose Loans. A reduction of 0.25% again requires 2,500 points with 5,000 points being needed to lower the rate by 0.50%.
  • Lifetime Reward Members can use their points to waive fees such as Non-Sufficient Funds and Courtesy Pay fees.

    It's simple to figure the number of Smart Points necessary to waive these fees. Take any fee on the schedule where Smart Points can be applied and add "0" to the dollar amount. For example, should you need to stop payment on an item, the fee is $15.00 per item. To waive the fee would require 150 points, 15 + 0 = 150. Remember, you must have earned 2500 Lifetime Points in order to use them to waive fees.

  • The SmartPoints program does not apply to mortgage product fees.