- Relationship Discount
At Infinity Federal Credit Union (FCU), our members are our top priority. This is why we offer a relationship discount of .25% off the interest rate on your consumer loans when you set up net-pay direct deposit into an Infinity FCU checking account. We’ve made switching your checking account easy. Now you can easily move recurring payments and direct deposits to your Infinity FCU account with the click of a mouse in less than 10 minutes. Click here to access ClickSWITCH and get started.
Member agrees to establish net direct deposit of their payroll through their employer for the purpose of receiving a discounted rate on the above referenced loan with Infinity FCU. In return, the Credit Union will discount the APR disclosed in the Truth-In-Lending Disclosures Section of your note by one quarter (.25%) percent as long as the net direct deposit is established within 30 days of closing and as long as payments are made to the Credit Union as agreed, and you are not otherwise in default pursuant to the terms and conditions in said Note. The discount is given on auto, recreation vehicles, and personal loans only. It is not offered on Overdraft Protection Lines of Credit, Credit Cards, or any real estate.
If for any reason payments are not made pursuant to the terms and conditions in the note, or if you cancel the net direct deposit of your payroll, the Credit Union will remove the discount and the rate will increase by one quarter (.25%) percent. No notice will be required or provided prior to the revocation of the one quarter (.25%) percent discount hereunder. Further, after your default hereunder, the Credit Union will have no obligation to reinstate the discount should you later cure the default, although it reserves the right to do so within its sole discretion.