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Co-op Points


Get More From Your Membership with Co-op Points

The more you get involved, the more Co-op Points you earn. You can then use them for big rewards on some of UMassFive's most desired products and services.

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As a non-profit cooperative financial institution, participation by our members is how we succeed. Co-op Points* were designed to reward members for participating in the cooperative. You are automatically enrolled at account opening so you can start earning points right away.


Lower Rate on a New Loan!

That's right. With 2,500 Co-op Points you can reduce your loan rate on specific loans by .25%. Do you have 5,000 Points? You can reduce that rate by up to .50%!†

Raise the Rate on a New Term Deposit Certificate!

Looking for the best rate you can for a Term Deposit? You can apply Co-op Points on any Term Deposit to raise the published rate. Your 2,500 Points will raise your rate by .25%.

Waive a Fee!‡

Want to get out from under a fee? Many fees can be paid with Co-op Points. To know how many Points it will cost to pay a fee, refer to the chart below.

Fee/Point Redemption Values

Fee Amount Points Needed‡
< = $5 250 pts
> $5 and < = $10 500 pts
> $10 and < = $20 1,250 pts
> $20 and < = $30 1,500 pts
> $30 1,750 pts

Redeeming your Co-op Points is simple. Reach out to our Contact Center locally at 413.256.5500 or toll free at 800.852.5886 or speak with any UMassFive staff member and they'll be glad to apply your Co-op Points to any qualified product or service.

Co-op Points are transferable. Do you have a family member looking to get a car loan? You can transfer Co-op Points to any member at any time.

*For disclosures and additional details, visit here.