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Eduction Donation Program FAQs


Frequently Asked Questions

Space Coast Credit Union’s Education Donation Program allows SCCU members to donate a portion of their Credit Card Rebate accrual to public or private schools and home school instructors in Brevard, Volusia, Flagler, and Indian River counties, and to individual teachers or libraries, advisors and officially recognized clubs, teams, and organizations within the schools, including music & drama departments.

The program is designed to reimburse educators and school organizations for personal funds spent on school-related expenses that are not eligible for payment under the school’s budget. A typical teacher in the United States spends approximately $400 - $500 a year in personal funds to purchase supplies that are needed in the classroom.

Once registered in the program by an authorized SCCU credit card holder, recipients will accumulate funds in a rebate accrual account maintained at Space Coast Credit Union. Recipients will receive reimbursement for school-related expenses by submitting a completed and signed School Expense Redemption Form at any SCCU branch.

Who Qualifies for the Program?

  • All Florida public and non-public schools and home school instructors in Brevard, Volusia, Flagler, and Indian River counties.
  • Facilities with a terminal grade of Kindergarten are not eligible for this program (i.e., preschools that feature PreK – K programs only).

You may make your donation to the school itself, an individual teacher or guidance counselor, or a recognized organization within the school. For example, you may register Satellite High School, the Satellite High School Music Department, the Satellite High School PTO, or an individual teacher at the school.

Beneficiary Registration and Cancellations:
To register a recipient, you must:

  • be an authorized holder of an SCCU VISA.
  • complete a “Rebate Recipient Registration and Cancellation Form” and submit it to SCCU as noted below. You may obtain a form at any SCCU branch, or print one at our web site, www.sccu.com. A complete program disclosure is available from any SCCU branch or the Member Service Center.

You may designate up to 5 recipients. Percentages to be donated must be in whole numbers; no fractions.

Your donation will be deducted from your rebate accrual monthly and credited to the rebate accrual accounts of recipients you have registered. The amount transferred will be calculated based on your purchase activity for the month. PLEASE NOTE that your donation will be based on purchase activity that occurs AFTER your recipient has been registered in the Education Donation program. Any rebate amount that you have accrued prior to registering a recipient will not be used in calculating your donation.

Once registered by you, the percentage you designate will move to the recipient(s) each month until you cancel or update the donation in writing by submitting a new “Rebate Recipient Registration and Cancellation Form.” To stop all donations, submit a form that says “All recipients” and has “0” in the “percent to donate” column.

Note: Donated rebates cannot be returned to your account.
Each time you submit a Registration form, the information on that form will replace any information previously submitted.

To cancel or update your recipient list, simply submit a new printed or online registration form. The registration request on your new form will replace any previous information you submitted.

Bring the completed, signed Form to any SCCU branch, or mail or fax to: Space Coast Credit Union, Member Service Center, P.O. Box 419001, Melbourne, FL, 32941-9001 FAX: (321) 723-3716. Allow up to 30 days to process the information submitted.

Once SCCU has processed your recipient registration, you will receive a letter confirming your registration and a certificate that you can use to inform your recipient of your donation.

How will schools, teachers, and organizations track their rebate accumulations?
A monthly summary statement will be produced for each school or home school group with registered recipients and mailed to the school principal, headmaster or home school support group leader. Monthly statements will also be sent to individual recipients at each school.

How can recipients redeem their rebate accumulations?

  • The Education Donation statements delivered to the schools serves as an expense redemption form and includes redemption instructions. Recipients should sign the statement where indicated when requesting a redemption. All recipients associated with Brevard County Public Schools will redeem through the Brevard Schools Foundation. All others should visit an SCCU branch and bring the signed statement along with appropriate I.D.
  • Present the signed statement to the teller along with an employee ID issued by the district or school. Home school instructors may present personal photo ID in lieu of school ID.
  • The recipient must bring the completed, signed form to any SCCU branch in person. No mailed, faxed, or third party redemptions.
  • School Expense Redemption Form
  • Recipients will receive immediate payment for submitted expenses in the form of a check made payable to the registered recipient. “All school” redemptions, such as to Satellite High School will be made payable to the school. “Organization” redemptions, such as to Satellite High School PTO, will be made payable to the organization.
  • The accrual account will be automatically adjusted to reflect the expenses paid out.

Expiration
Unredeemed accruals will expire thirteen (13) months from the date of transfer from the donor’s SCCU account. For example, balances credited to a recipient’s rebate accrual account in December, 2002 will expire in February, 2004.

Name Changes:
If a recipient wishes to change the name on the accrual account, a name change request can be made in person at any SCCU branch using the “School Expense Redemption Form.” The reason for the request must be indicated on the form, and the request must be accompanied by a supporting document, such as a marriage license. The Form will be forwarded to the Operations Dept. for processing.

This program is subject to change or cancellation without notice.


Rebate Recipient Registration and Cancellation Form
School Expense Redemption Form
Email - community@sccu.com

The information above is offered to you in the portable document format. In order to view and print pdf files, you will need Adobe® Acrobat® ReaderTM (a free software)

Related Links

How to obtain a Student Credit Builder Card.

Managing a Student Credit Card
Classroom Resources for
Financial Literacy Education
 
 
 
 
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