UCCU and UVU have teamed up to offer the optional UVU PlusCard. The UVU PlusCard is a debit card issued by UCCU, Utah Community Federal Credit Union, as well as a UVU ID card.  The UV One Card Program Agreement is our agreement with UCCU establishing the UVU PlusCard. That agreement can be found here and the addendum here.

In accordance with Department of Education regulations, we post figures from UCCU about this program’s annual consideration, participation, and costs.

 

The annual report from UCCU for the program year that ended June 30, 2024, is as follows:

1. Total number of customers holding student UVU PlusCard accounts from July 1, 2022, through June 30, 2024: 1,774
2. Mean and Median costs incurred by UVU PlusCard student checking account holders who had a UCCU Plus debit card under the contract from July 1, 2022 through June 30, 2024:
   • Mean: $5
   • Median: $0
3. Total Monetary Consideration UCCU paid UVU from July 1, 2023 to June 30, 2024: $111,404
4. Non-Monetary Consideration: The UVU PlusCard Program Agreement outlines the terms of the agreement, some of which may be considered non-monetary consideration. For example:
   • • UCCU maintains an internship program that provides paid internships to UVU students.
     • UCCU pays for the marketing costs for the UVU PlusCard.

 

NOTE:

• The cost information listed above includes aggregate fee data for UVU PlusCard student debit cards regardless of enrollment status from July 1, 2022 through June 30, 2024.
• Fee calculation includes:
  • Non-UCCU owned ATM transaction or inquiry fees
  • Bad address fees
  • Inactive account fees
  • Overdraft & insufficient funds fees
  • International transaction fees
• 72% of active PlusCard debit card student account holders did not incur any fees during the reporting period.
• All cost data, including the mean and median cost data, is rounded to the nearest $1 (where applicable).