Education Foundation Debit Card Program

Requirements to Participate:

You must be a member to participate in the program and have all of the following:

Primary savings account
Checking account
Second savings

Benefit:

An opportunity to financially support educators and students throughout various school districts.

Features:

• Round Up your debit card purchases to the nearest dollar.
• Choose the Education Foundation from our list of eligible educational  foundation.
• BVSCU will match up to a maximum of $2,000.
• Funds are dispersed annually to empower the Foundation.

FAQ’s

Q: Do I need to be a member to participate?
A: Yes. You can open your membership today for just $5 and your second savings for the program participation at the same time.

Q: Can I give to multiple foundations?
A: No, only one foundation is allowed under the program.

Q: On an annual basis what month will the funds be disbursed?
A: The end of each year.

Q: What if I can’t find my preferred Educational Foundation listed?
A: The only educational foundations eligible are the ones within our field of membership.

Q: Are there any fees associated with this debit card?
A: No fees are associated with this debit card.

Q: Other than the “round up” amount, can I make a deposit on my own to the savings account associated with the debit card?
A: No, the ‘round up’ funds are the only funds required for this program.

Q: How can I check my balance?
A: Account balances can be viewed online, by phone or visit your nearest branch.

Q: Can I make withdrawals on this account?
A: Yes by contacting a representative. However, withdrawals are not encouraged as it will reduce the total donation amount.

Q: Will I need to opt-in to donate?
A: Yes. You can opt-in or opt-out at any time by signing the Education Foundation Program form. 

Q: If I am a joint owner of an account am I required to participate?
A: Yes, joint owners are required participants.

Q: Will my account earn dividends?
A: The account will not earn dividends.  However, you may sign up for an additional savings account that earns dividends that is not associated with this program.

Q: Is there a minimum opening amount?
A: No minimum required

Q: Will a Charitable contribution form be provided by BVSCU?
A: No, BVSCU will not provide a Charitable contribution form.

Eligible Educational Foundations