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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

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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.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

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

  • What are some factors to consider when choosing a rewards credit card?

    Determine whether you prefer cash back, travel points, or other reward types. Then, explore how and when reward points accumulate, if there are spending caps, and how easy it is to redeem your rewards. Financial institutions like credit unions tend to offer great rewards credit cards.

  • How can I compare credit card offers before making a decision?

    Carefully review rewards programs, like cash back or travel miles, when comparing credit cards. Also, consider the rewards rate, interest rates, annual fees, and any additional benefits the card includes.

  • What are the benefits of choosing a credit union's credit card compared to others?

    Our credit cards reward you for making purchases. They feature competitive interest rates and fewer fees than traditional banks. Members benefit from personalized customer service. We work closely with you to understand your financial situation and needs.

  • What if I prefer to make my payments through a pre-authorized automatic payment arrangement (ACH)?

    Please contact TruHome at 844-203-3642 to set up automatic payments or visit here to set them up yourself.

  • What if I prefer to make my payments through the Listerhill Mobile Banking app or Online Banking?

    Unfortunately, when the transfer occurs, mortgages will not be displayed on our app or in online banking, but we are working to bring that functionality ASAP.

    In the meantime, please visit here to view all mortgage information and payment options.