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| Eligible Products | Relationship Bonus | Balance Bonus |
| Business | ||
| Chequing | ✔ | ✔ |
| Savings | ✔ | ✔ |
| Term Deposit | ✔ | ✔ |
| WCU RRSP | ||
| WCU RRIF | ||
| WCU RESP | ||
| WCU TFSA | ||
| Personal Loan | ✔ | ✔ |
| Personal Line of Credit | ✔ | ✔ |
| Residential Mortgage | ✔ | ✔ |
| Personal Comm/Ag Loan | ✔ | ✔ |
| Personal Comm/Ag Line of Credit | ✔ | ✔ |
| Personal Comm/Ag Mortgage | ✔ | ✔ |
| Collabria Credit Card | ✔ | ✔ |
| Safety Deposit Box | ✔ | |
| Credential Asset Management Inc.* (CAM) Accounts: - Non-Registered Investment Acct - RRSP - RESP - RRIF - TFSA |
✔ |
|
| Credential Securities* (CS) Accounts: - Non-Registered Investment Acct - Margin Account - RRSP - RESP - RRIF - TFSA |
✔ ✔ |
|
| Qtrade Direct InvestingTM | ||
| Qtrade Guided PortfoliosTM |
Note: Only the first of multiple products under one product type counts toward the product count. For example, if you have three different chequing accounts, we will only count them as one towards eligible products. However, all three accounts will be included in the calculation for Balance Bonus.
Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.
The Member Spark Rewards Program and reward amounts are subject to change at any time and changes may be made without any notice. There is no guarantee on how funds will be distributed or on amounts to be paid. The Member Rewards Program may be suspended or discontinued at any time.
Member Spark Rewards: Business Edition
Frequently Asked Questions
Your payment will be deposited into your Member Share account on April 16. Once deposited, you have immediate access to those funds!
Step One: Simply log in to online, mobile or app banking and transfer the payment* from your Member Share account to your checking (or other deposit) account.
Step Two: Take cash, buy yourself a nice little thank you gift, pay some bills or invest for the future! It’s completely up to you!
Step Two: Take cash, buy yourself a nice little thank you gift, pay some bills or invest for the future! It’s completely up to you!
If you have any questions, we’d love to help! Stop by any branch location or call us at (306) 842-6641.
Being a member pays. Literally!
*P.S. Remember your $5 member share is not part of this payment as you need to have a funded member share to be a member.
We’d love to earn more of your business and help you reach your financial goals with our competitive products and services. You can earn additional Member Spark Rewards: Business Edition by increasing your relationship with us.
Yes. Future payments will grow and change as the profit of Weyburn Credit Union and our members’ relationships evolve.
A joint account will be used towards the individual rewards calculation for both members. Both members receive credit for the account.
No. For the Relationship Bonus, only one account per product type is counted towards product count. If you have two chequing accounts, even if they are different types of chequing accounts, you will only receive credit for one because they are both chequing accounts. However, all accounts will be included in the calculation for the Balance Bonus.
Yes, all accounts will be included in the calculation for the Balance Bonus.
Yes. As our relationships with our members have grown, our rewards program needed to evolve as well. We have expanded our Member Spark Rewards program to reward a wider variety of accounts, services and solutions. While the old patronage program rewarded only interest paid and earned, the new Member Spark Rewards Program rewards the entire member relationship.
How much you receive depends on your relationship with us. Payments are based on relationships as of December 31 of the previous year. The more business you do with us, the more you get rewarded. Member Spark Rewards statements will be mailed out to members in April.
If you qualify for a Rewards payout, the payout will be deposited into your Member Share account on April 19, 2023. Once deposited to your account you have immediate access to the funds! Simply transfer to your chequing account to buy yourself a nice little thank you gift or pay some bills! Or if you want to invest your reward (and maybe move from Rewardy to Rewardiest), we’d love to help!
No, youth accounts do not qualify for Member Spark Rewards. However, we didn't want to leave out our youth members! Eligible youth accounts receive a nominal reward of $25.
Unfortunately, due to legislative restrictions and income tax implications, we are unable to reward certain accounts at this time, including Credential* and registered accounts. However, we are always looking for ways to evolve and improve the Member Spark Rewards Program, so should circumstances change, we would be happy to revisit this.
Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.
No. The Member Spark Rewards Program and reward amounts are subject to change at any time and may be made without any notice. There is no guarantee on how funds will be distributed or on amounts to be paid. The Member Rewards Program may be suspended or discontinued at any time.
The Member Spark Reward payment you receive is fully taxable. You will receive a T-5 for the full amount of the reward. T-5s will be available in February of the following year.
No, we price all of our rates and fees to be competitive in the market. The Member Spark Rewards Program is not considered in the pricing of our products and services.
Once the annual payments are completed on April 20, the entire payment is yours to do with as you like! What you don’t have access to, and needs to stay in your Member Share Account is your $5 member share. The $5 Member Share will be restricted as you need to be a funded members to receive future Member Spark Reward payments.
The minimum requirements to be eligible for a payment are, at the previous year's end:
If you feel you meet those requirements and feel you have been missed, we'd be happy to look into it for you! Please call us at 306.842.6641, send us an email, or visit us at any of our convenient branch locations.
- You need to be a member with a fully paid member share,
- You need to hold a minimum of 4 eligible WCU products and services (multiple products of the same product type do not count), and
- The accounts must be operated as agreed to and in good standing.
If you feel you meet those requirements and feel you have been missed, we'd be happy to look into it for you! Please call us at 306.842.6641, send us an email, or visit us at any of our convenient branch locations.
