Refer-A-Friend Guidelines:

New members referred to PVCU by an existing member will receive $25.00 deposited into their new primary share account* after opening a primary share account at PVCU. The $25.00 new member deposit is considered a bonus dividend under Truth in Savings and reported as such on the member’s 1099-INT.

Referring member will receive $25.00 deposited into existing primary share account after referred member has met program requirements. The referring member payment is considered a reward and reported as miscellaneous income if the payment is $600.00 or more annually. 

This offer is not available to any friend or family member who already has an existing membership account. Acceptance of the $25.00 deposit assumes that the recipient has read and understood these requirements** and accepts the deposit as offered and releases PVCU from any and all liability of any kind arising out of the recipient’s participation in the Promotion and receipt and use of the deposit. New member referrals must be at least 18 years old. Employees, volunteers, or immediate family members of PVCU are ineligible for Promotion.

*A Pioneer Valley Credit Union Share Account is a savings account with that establishes membership with privileges and perks. A primary share account is .025% APY (Annual Percentage Yield) with minimum opening balance of $25; minimum balance to earn for APY is $25.

**Requirements for a Qualified Referral are as follows. You must refer a new member to Pioneer Valley Credit Union. A new member is defined as someone who does not have an existing primary relationship with Pioneer Valley Credit Union at the time the new membership is established. Referrer and Friend cannot begin credit union membership on the same business day. New member referrals must be at least 18 years old. You must be a member in good standing and must have not previously caused a loss to Pioneer Valley Credit Union. The referred member's prime savings must remain open and in good standing for 90 days after opening. The bonus will be posted between the 91st and 135th day as a member. Accounts that do not meet this standard will forfeit their ability to earn a $25 bonus. New deposit accounts are subject to approval. Dividend rate may change after the account it opened. Penalty may be imposed for early withdrawal. There is a minimum deposit requirement for deposit products; refer to Pioneer Valley Credit Union Truth in Savings Schedule given to you at account opening for details. Employees, volunteers, or immediate family members of Pioneer Valley Credit Union are ineligible for Promotion. Pioneer Valley Credit Union reserves the right to cancel this promotion at any time.