Our goal is to make Credit Union Travel Club a great benefit for your members and to create meaningful fee income for credit unions of all sizes. We do that by working together to promote the Club and by sharing in the financial gain that comes from that collaboration.
Our How It Works page shows how easy it is to get started and what we provide to your credit union to make everything run smoothly. There is never a charge to your members or the credit union for our services, and we share 2% of the net booking revenue (paid reservations minus cancellations, taxes and fees) with each credit union.
To get an idea of the impact Credit Union Travel Club could have for you and your members, take a look at the table below. Using a very modest assumption of just 5% of members using the Club to book travel during the year, you can see that you’ll be providing a benefit that delivers real savings to your members and creating a new income stream for your credit union.
|Number of Members||5,000||10,000||20,000||50,000||100,000|
|% of Members Booking||5%||5%||5%||5%||5%|
|Avg Bookings per Year||2.3||2.3||2.3||2.3||2.3|
|Avg Nights per Booking||2.2||2.2||2.2||2.2||2.2|
|Avg Savings per Night||$46||$46||$46||$46||$46|
|Total Nights Booked per year||1,245||2,490||4,981||12,452||24,904|
|Annual Member Savings||$57,279||$114,558||$229,117||$572,791||$1,145,583|
|Income to Credit Union||$3,761||$7,521||$15,042||$37,605||$75,210|
Model assumptions are based on booking patterns of actual travel club members