In this afternoon's Email:
Dear Member, As a financial cooperative it is imperative that our products and services are continuously reviewed to ensure that we remain competitive and benefit all members. Accordingly, we are making a change to our VIP Checking account, which will bring us more in line with industry standards.
Effective July 1, 2013, VIP Checking rates will be paid on balances up through $15,000. Even with this change, Market USA is still offering an extremely competitive product in terms of both rate and cap. The VIP Checking rate is not changing at this time. You still have the opportunity to earn 2.00% APY1 up to $15,000, which is one of the best rates available in this financial environment.
Kudos to the credit union for providing this important information to members directly, clearly and with ample notice.