Christmas Cash - aka: Christmas Loan Program
- These are issued in three colors depending on which lender issued them
- Limestone Credit Union - Green
- Manistique Federal Credit Union - Purple
- State Savings Bank - Yellow
- These are issued in $10, $20, and $50 denominations
- Good at any member merchant that agrees to the terms of the program.
- Your bank or credit union will credit your account at the rate of 95%
- no cash back over 99 cents
Terms of the Christmas Cash Program
aka: Loan Program
The association encourages all MMA member merchants to accept these scrip notes. Coach your clerks, especially those that are in position to come in contact with the scrip, that these scrip notes are valuable; and, that they should be eagerly accepted in the same manner as cash currency. It is a huge turn off to the patron to have any trouble or extra difficulty with spending these scrip notes.No cash back over 99 cents
Example: If your customer makes a purchase for $27.99, please accept $25.00 in Christmas Cash Scrip and $2.99 in US currency.Deposit these as you would a check.
The bank will credit your account at the rate of 95% on these notes.
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last checked for accuracy on 10/06/2003