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- DISCLAIMERS FOR RECOGNITION PROGRAM
- MNO CREDIT UNION
CECU2004 PAYMENT PROTECTION RECOGNITION PROGRAM The “CECU 500” recognition program is your chance to start your engines and get ready for the next adventure challenge! 2004 Individual Monthly Recognition Awards During each month (January - December) all lenders who successfully offer Protection Solutions, as part of the loan process, will have an opportunity, based on policy categories, to earn per policy incentives each month. (See below for policy tiers and awards). NUMBER OF LIFE & DISABILITY POLICIES SOLD (monthly)* (1 – 10 Policies) (11 – 16 Policies) (17 – 22 Policies) (23+ Policies) $2.00 per policy $3.00 per policy $4.00 per policy $6.00 per policy *Each employee may qualify for only one of the above categories. Life counts as one policy and disability counts as one policy. The CECU 500 Adventure Challenge There will be two adventures awarded at year-end 2004. To be the first under this checkered flag you must average 30% for Members Choice Disability and 35% in Members Choice Term Life from January to June of 2003 and July to December 2003. The adventures take place in July 2004 and January 2005. Everyone who qualifies will attend. 
Individual Year-End Grand Prize Awards: There will be two Individual Grand Prizes awarded at year-end 2004. Individual with the Highest # of Life + Disability Policies for the year (Jan- Dec 2004): $250.00 Cash Award Individual with the **Highest Average Combined CL/CD *Participation % for the year (Jan – Dec 2004). *Individual must achieve both credit union goals of 35% Life and 30% Disability to qualify. $250.00 Cash Award **In addition, to qualify for this 2nd award, individuals must also meet the following branch lending criteria: All MSRs must close an annual average of 18 loans per month. DISCLAIMERS FOR RECOGNITION PROGRAM
Approved By: _______________ Date Approved ______________ GHI CREDIT UNION PAYMENT PROTECTION INCENTIVES
BELOW:
L D BOTH 1ST QUARTER 358 = 139 14 205 $ 751 2ND QUARTER 608 = 240 30 338 $ 1315 3RD QUARTER 674 = 296 27 351 $ 1422 4TH QUARTER 605 = 317 31 257 $ 1154 TOTAL 2,245 992 102 1,151 $ 4,642 PARTICIPATION RESULTS: LIFE 11.09% DISABILITY 5.70% P  REMIUM RESULTS: $40,368 MONTHLY
2  001 TEAM GOALS!!!
PARTICIPATION GOALS: LIFE: 20.00% DISABILITY: 10.00% PREMIUM GOAL FOR 2001: $44,626 2001 INDIVIDUAL REWARDS GHI CREDIT UNION AND CUNA MUTUAL GROUP HAVE JOINED TOGETHER TO OFFER A MORE LUCRATIVE INCENTIVE PROGRAM TO REWARD YOU FOR PERFORMANCE:
ALL TOP PERFORMERS WILL BE ELIGIBLE FOR…. A SURPRISE!!! EACH QUARTER PERFORMANCE OF STAFF WILL BE EVALUATED BY MANAGEMENT AND RECOGNIZED BASED ON ACCOMPLISHMENTS DURING THAT QUARTER. WILL YOU BE ONE?? ACCOMPLISHMENTS COULD INCLUDE TOP SALES, TOP PERCENTAGE PROTECTED, OR MOST IMPROVED. MNO CREDIT UNIONSuccessful Incentive Examples Since every credit union is individual and distinctive, these examples are only a few of the many incentive programs that have been implemented throughout the credit union industry. These are actual examples from the states of Illinois, Iowa, and Michigan (most of the verbiage is exactly as it was handed to the staff). As with any credit insurance program, there are a number of factors that influence the actual premium results. Some of these influencing factors include:
Source: Cuna Mutual Appendix 15 
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