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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 does a cash back credit card work?

    Our cash back credit card gives you a flat rate of 2% back on all of your purchases. It acts as a rebate that you can redeem for cash as a statement credit or direct deposit in your account.

  • How do I receive an incoming wire transfer at Listerhill?

    All incoming wires must be received using Listerhill's routing number of 262277011. The member should use the routing number along with their member number and share ID suffix or their draft number when receiving a wire.

    Wire to:

    Listerhill Credit Union

    4790 E. 2nd Street

    Muscle Shoals, AL 35661


    ABA No.: 262277011

    For credit to the account of:

    Member's Name:

    Member's Address:

    Member's Account No.:

  • What does it cost to send or receive a wire transfer?

    Incoming Domestic Wire Charge: $20.00

    Outgoing Domestic Wire Charge: $20.00

    Incoming Foreign Wire Charge: $35.00

    We do not process outgoing foreign international wires. We can receive them only.

  • Can I conduct a wire transfer through Listerhill?

    Listerhill is capable of receiving incoming wire transfers and sending outgoing domestic wire transfers. All Branch Managers, Loan Officers, Senior Member Advocates, Member Advocates, and Tellers can provide our members with information needed to receive incoming wire transfers.

    Branch Managers, Member Advocates, and Senior Member Advocates can assist with processing outgoing domestic wires.

    We do not process outgoing foreign international wires. We can receive them only.

  • How do I qualify for membership at Listerhill?

    To qualify for membership with Listerhill, you must meet one of the following requirements:

    • If you live in the states of Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member.
      • Depending on your individual eligibility requirements, 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.