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What You Can Do With Your Loan's 1.5% Cash Giveback

See our tips for saving extra money you get just by financing a loan with Listerhill.

So you got that loan at Listerhill at a great rate, which is going to save you money over the life of the loan. You’re psyched!

Then the Member Advocate informs you that you’re getting cash back. “Cash back for what?” you ask. You then hear that Listerhill is giving 1.5% cash back for all auto, personal, and recreation loans for a limited time. That debt consolidation loan not only saved you a bundle each month, but it also just yielded a deposit straight to your account. Wait, is that right?

A text notification from Listerhill informs you that the money has been deposited into your account. A quick look at Listerhill Mobile confirms it. Awesome!

So now you’re ready to go on a shopping spree! Not so fast.

In today’s topsy-turvy economy, getting a surprise burst of moula is no longer the instant trip to Tunica it used to be. There are some considerations you want to make to show you are still the captain of your financial ship and the master of your money domain.

Here are a few quick tips that might help you prioritize your sudden cash influx:

Check Yo’ Debt

You weren’t counting on this extra cash, but like death and taxes, bills always seem to be certain. And even though many companies are extending payment windows and offering help with those who might suddenly be struggling, it’s always best to pay what you can when you can. This extra cash could help you stay current or catch up on a payment that can help boost your credit. Paying down your debt will also help you get out from under it sooner.

Save For a Rainy Stormy Day

Admit it – you weren’t counting on this money suddenly appearing in your account. And while you might feel secure in your “essential” job today, you might also realize that you’re one more pandemic away from being in financial straits. Sure, your cash back amount won’t get you the penthouse at the Four Seasons, but it could mean the difference between you having the essentials for a couple more weeks and having to go without. Open a secondary savings account and mark it “Emergency Fund.”

Give Back The Giveback

So you’re not hurting for cash and you’ve got plenty saved up – at least enough to take care of 3-6 months of expenses. Great job! But even if you don’t have a stockpile of cash, there’s nothing more fulfilling than being able to help someone or support an organization whose mission is helping people. In these times, we might be able to purpose some of that cash giveback in a way that changes someone else’s life. Consider using your blessing to be a blessing and you’ll see more givebacks than you thought possible.

Maybe you have your own ideas for ways to use your Listerhill cash back! We would love it if you share your ideas and use the hashtag #myloangiveback on your Facebook, Instagram, or Twitter account!

Acceptable: “I am putting half of my giveback into my son’s education fund, donating part of it to charity, and using the rest to buy my family takeout tonight!”

Probably Not Acceptable: “I am buying my mother-in-law a one-way ticket to Antarctica."

Click here to learn more about Loans That Pay You Back.

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Frequently Asked Questions

  • How am I eligible for membership at Listerhill if I don't live near a branch?

    You can become eligible for membership at Listerhill anywhere in Alabama if you join the Alabama Consumer Council or the Athens State Alumni Association. In Tennessee, you can also become eligible for membership if you join the Athens State Alumni Association. This membership is initiated at no cost to you and doesn't require any setup on your part outside of the normal application process to become a member of Listerhill.

  • How can I access my Listerhill accounts without a nearby branch?

    If you live in Alabama or in Tennessee but don't have a Listerhill branch location nearby, there are still plenty of ways to access your accounts. You can use our online banking, mobile banking app, and cards app to access your accounts from your devices. You can also take advantage of our CO-OP Shared Branches for easy access to your money wherever you are. If you need to get in touch, we're always one call away.

  • Can I open a Listerhill account online?

    You can open your Listerhill account, loan, or credit card from the comfort of your home with our easy online application. Or, if you want to apply for a mortgage, you can learn more about our offerings and start your application here.

  • Am I eligible for membership at Listerhill?

    If you live, work, attend school, or own property anywhere in Alabama or Tennessee, you're in luck! You're eligible to become a Listerhill member.

  • The Great Giveback Official Rules

    1. Eligibility: No purchase or obligation necessary to participate and win. All participants must be 19 years of age or older at time of contest participation. Employees of Listerhill Credit Union are not eligible to register for the contest.

    2. How To Enter the Contest: All Listerhill members who have consumer loans in good standing, (subject to limitations below) are automatically entered. Anyone who takes out a new loan with Listerhill Credit Union, or refinances a loan from another lender with Listerhill Credit Union (subject to limitations below) will automatically be entered to win. Limit of one entry per loan.

    NO PURCHASE NECESSARY: To enter the contest without a loan, send a self-addressed, stamped envelope to: Listerhill Credit Union, P.O. Box 566, Sheffield, AL 35660, Attn: Great Giveback Contest Entry. Limit one entry per person. Written entries must be received no later than July 3, 2021.

    Listerhill Credit Union will not be responsible for incomplete, lost, late, misdirected or illegible entries or for failure to receive entries. All entries become property of Listerhill Credit Union and none will be returned. Any questions regarding the number of entries submitted shall be determined by Listerhill Credit Union in its sole discretion, and Listerhill Credit Union reserves the right to disqualify any entries by persons determined to be tampering with, violating, or abusing any aspect of the contest.

    3. Contest Entry Requirements: In the event the Credit Union, in its sole discretion, determines that any Entry contains content that does not comply with these Official Rules or does not otherwise comply with regulatory guidelines, Credit Union reserves the right to disqualify the entry.

    4. Determining the Winner: A Credit Union employee will select at random four (4) $500 winners (one per day July 12-15) and one Grand Prize Winner from all entries received on July 16, 2021. You do not have to be present to win.

    5. Prizes: $500 Cash Prize: the Credit Union will award four (4) members with $500 cash each. Grand Prize: The Credit Union will pay up to $25,000 toward your loan with Listerhill Credit Union, or combination of loans. No loan payments will be made to loans with any other lender. No cash equivalent provided, and the total prize amount may be less depending on the outstanding amount of loan balance(s) with Listerhill Credit Union. In no event will the prize awarded exceed the total amount of the winner’s outstanding balance of qualifying loans with Listerhill Credit Union. Federal, state and local taxes are the sole responsibility of the winner. IRS regulations require the Credit Union file a 1099 on behalf of the winner.

    A Credit Union employee will call the prize winners and the prize winners will be called up to five times during regular business hours at number provided on entry form and will leave no messages. Failure to reach winner during these calls may result in disqualification of winner, forfeiture of his or her interest in all prizes, and selection of a substitute winner drawn from the drum. Winner will be required to schedule a time, at least 48 hours in advance, to visit Listerhill Credit Union, located at 4790 2nd Street, Muscle Shoals AL, 35661 in person, during regular business hours within seven (7) days of being notified to claim prizes by providing proof of eligibility for prize won and completing and signing an affidavit of eligibility and a liability and publicity release. Failure of any Winner to timely contact the Credit Union, visit the above Credit Union office in person and sign and return any required affidavit and release, or to claim a prize or comply with any term or condition of these Official Rules, will result in drawing Winner's disqualification and the forfeiture of his or her interest in the prize. Winners may waive their right to receive prizes. Prizes are non-assignable and nontransferable. No substitutions allowed by winner.

    6. To be eligible to win, all loans must be in good standing (not more than 30 days past due at the time of drawing. Eligible loans are limited to auto loans (no indirect dealer loans), personal loans (no loans secured by real property, such as mortgages, 2nd mortgages, and Home Equity Lines of Credit) and recreation loans made to consumer borrowers (not business or commercial loans).

    6. Participation. By participating, entrants agree to be bound by these Official Rules and the decisions of the Contest. Except where prohibited, acceptance of any prize constitutes winner's consent to the publication of his or her name, biographical information and likeness in any media for any commercial or promotional purpose, without limitation the Internet, or further compensation. Prizes not won and claimed by eligible winners in accordance with these Official Rules will not be awarded and will remain the property of the Credit Union.