Member Value
GICU Members saved nearly $19.5 million last year.
As your trusted financial partner, we strive to demonstrate the value of your membership at every turn. Partnering with a reputable national research firm, we meticulously analyzed our account rates and fees. The results were striking: GICU members saved a substantial $19.5 million compared to their counterparts at leading banks. On average, each member saved $462 last year simply by banking with GICU!
Are you maximizing your membership benefits?
Our research underscores a fundamental principle: the more you engage with us, the more you save. Members with multiple GICU accounts enjoy significantly higher savings—those with five accounts saved an impressive average of $2,100 annually, compared to $246 for members with just one account. Are you curious how your savings measure up? Below, you'll find average member savings by account type.
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If your savings are below average, we invite you to schedule an appointment to unlock the full potential of your membership. If your savings are below average, we invite you to schedule an appointment to unlock the full potential of your membership.
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How we calculated your savings:
At GICU, we're driven by numbers, particularly those that translate into savings for our members. To provide transparency into our calculations, here's a breakdown of how we estimated your annualized savings:
- For open loans, we used your current account balance (Rate Benefit × Account Balance) + Fees
- For term loans, we used your original balance (12-month cumulative interest savings based on rate benefit, original balance, and term of the loan)
- For deposits, we used your current balance (Rate Benefit × Account Balance) + Fees
While the specifics vary by account type, the methodology remains consistent. We calculate your individual account's savings by determining the rate benefit and fee benefit. These components, when combined across all your accounts, yield your total estimated, annualized savings.
We're committed to ensuring you get the most out of your membership. Don't hesitate to reach out if you have any questions or would like to explore additional ways to save.