Find all the latest Citizens Equity First Credit Union promotions, bonuses, and offers here.
Currently, CEFCU has a $125 bonus for new members that open a qualifying checking account. Additionally, once you join you can earn $25 to $50 bonuses for referring new members.
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About Citizens Equity First Credit Union Promotions
Since their formation in 1937, Citizens Equity First Credit Union has grown to over 330,000 members. They have also grown to over 27 membership branches across Illinois and California. But even if you are not located near a branch, you can see all nationwide bank bonuses for more suitable offers.
- Availability: CA, IL (Bank Locator)
- Routing Number: 271183701
- Customer Service: 800-542-3328
| Eligibility: To be eligible, you must live or work in Fulton, Knox, Livingston, Logan, McLean, Macon, Marshall, Mason, Peoria, Putnam, Sangamon, Stark, Tazewell, or Woodford counties in Illinois. For more information on membership eligibility, please see the Full Membership Requirements. |
When applying for the $125 bonus, you will have to open a Savings Account. However, this account doesn’t earn nearly as much money for you compared to accounts at other banks and Credit Unions. You may want to check out our full list of Bank Rates and CD Rates.
Please continue reading to learn more about CEFCU promotions.
CEFCU $125 Checking Savings Bonus
Earn up to a $125 bonus at CEFCU with a qualifying checking and savings account.
Citizens Equity First Credit Union is offering a $125 bonus when you meet all the requirements.
- Account Type: Checking, Savings
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Opening Deposit: See below
- Credit Card Funding: No
- Direct Deposit Requirement: Optional
- Monthly Fee: $0- $6, see how to avoid monthly fees below.
- Household Limit: None
- Closing Account Fee: Must keep your account in good standing or you might incur closing costs.
(Expires June 30, 2020)
There are several entry Checking offers I’d recommend comparing this one to. The Chase Total Checking® ($200 bonus), TD Bank Convenience CheckingSM ($150 bonus) and Huntington Asterisk-Free Checking ($150 bonus) are all great options. The Huntington checking account has no monthly fee, while you would need $1,500 minimum daily balance for Chase and $100 minimum for TD Bank’s to waive the monthly fee.
How To Earn $125 Bonus
- Open a Checking account with a $25 opening deposit
- Receive your $100 Savings credit:
- Sign up for eStatements.
- Complete at least one (or more) of the following qualification criteria** the calendar month after you open your Checking account.
- Have a minimum individual balance of $5,000 or minimum household balance of $10,000
- Make 5 or more purchases of at least $15 with your CEFCU Debit Mastercard linked to this new Checking account
- Have direct deposits totaling $500 or more on this Checking account or associated Savings account
- Receive your $25 Savings credit:
- Use your CEFCU Debit Mastercard® for qualifying purchases for three months after you open your Checking account.
- Free Debit Card
- Earn Interest w/ Dividend Checking
- Overdraft Protection
- Free Nationwide Banks
- Checking: There are no monthly fees.
- Dividend Checking: $6.00 monthly fee can be waived by:
- Maintaining an average daily balance of $2,500
- The bonuses are not available on transfers of existing CEFCU Checking accounts.
- All bonuses are not available on Health Savings Accounts, Rep Payee accounts, Uniform Transfer to Minor Accounts, Basic Business Checking accounts, Dividend Business Checking accounts, or Business Checking accounts.
- Offer subject to change.
- There is a limit of a combined total of $125 for personal Checking account-related bonuses per member.
- The value of the bonuses are considered a taxable dividend to you and will be reported on IRS Form 1099-INT.
- You must have a valid SSN/ITIN to qualify
- Your bonus will be deposited to the CEFCU Savings account associated with your new Checking account within 4 to 6 weeks of the end of the first full calendar month after account opening if you satisfied one or more of account requirements (item iii) and agreed to receive your CEFCU account statements electronically (item iv) before the end of that first full calendar month.
- For Checking accounts only, you will receive a $25 Savings credit as a bonus when you use your CEFCU Debit Mastercard linked to this new Checking account for 5 or more purchases of at least $15 each month, for the first three full calendar months following account opening.
- Your bonus will be deposited to the CEFCU Savings account associated with your new Checking account within 4 to 6 weeks of the end of the third full calendar month following account opening.
CEFCU $25 Referral Bonus
Earn a $25 bonus when you refer new members to CEFCU.
Once you join Citizens Equity First Credit Union, you can start referring and earn rewards when your referral meets all the requirements.
- Account Type: Checking, Savings
- Opening Deposit: See below
- Direct Deposit Requirement: Optional
- Monthly Fee: $0- $6, see how to avoid monthly fees below
- Household Limit: 3
- Closing Account Fee: Unknown
(Expires December 31, 2019)
How To Earn $25 Bonus
- Fill out the Referred By section of the Official Referral Certificate and give it to a friend
- Have your friend fill out the New Member and Qualifying Account(s)sections and take the Certificate to a Member Center at the time a CEFCU® Savings and qualifying account is opened
- You could receive up to $25 via automatic deposit to your Savings account within 4–6 weeks
- Free Debit Card
- Earn Interest w/ Dividend Checking
- Overdraft Protection
- Free Nationwide Banks
- Checking: There are no monthly fees.
- Dividend Checking: $6.00 monthly fee can be waived by:
- Maintaining an average daily balance of $2,500
- To refer a Friend, simply complete the “Referred By” section of the Official Referral Certificate and provide it to your Friend.
- Qualifying accounts to receive a $25 reward may be any of the following: Checking, Vehicle Loan or Credit Card account.
- Accounts to receive a $10 reward may be any of the following: Personal Loan, Health Savings Account, or (where the primary member is age 12 or younger), the Savings account referenced at (ii) above. Qualifying accounts do not include Insured Money Market Accounts, Club Accounts, Home Equity Loans, Home Loans, Uniform Transfer to Minor Accounts, Rep Payee Accounts, or Certificates.
- Referral Fees will be deposited four to six weeks following the Friend’s account opening.
- There is a limit of 3 Referral Fees paid to a Member, or $75, whichever is greater, per calendar year.
- Only one Referral Fee may be redeemed per new Member.
- Offer subject to change and void where prohibited or restricted by law.
- Employees and volunteers of CEFCU, their immediate families, and any person living in the household of these individuals, whether related or not, are not eligible to receive a Referral Fee.
- All accounts are subject to qualification.
- The value of the bonus is considered a taxable dividend to you and will be reported on IRS Form 1099-INT.
CEFCU $50 Business Referral Bonus
Business Referrals can earn you up to $50 at CEFCU.
Current members can refer new members to join and open a qualifying Business Checking Account at CEFCU and earn a $50 bonus.
- Account Type: Business Checking, Savings
- Opening Deposit: See below
- Direct Deposit Requirement: Optional
- Monthly Fee: $0- $6, see how to avoid monthly fees below
- Household Limit: 3
- Closing Account Fee: Unknown
(No Expiration Date)
How To Earn $50 Bonus
- To receive the $50, you must be a CEFCU member in good standing and refer a non-member who must open a new CEFCU Savings account and a new CEFCU Business Checking account, Business Loan, or Business Credit Card
- Fill out the Referred By section of the Official Referral Certificate
- Give the certificate to a friend or member of your network
- Once the qualifying accounts have been opened, CEFCU will deposit $50 to your Savings account within 6-8 weeks
- Online and Mobile Banking
- Free Debit Card
- Access to over 30,000 ATMS
- Electronic Statements
- Overdraft Protection
- Basic Business Checking – Maintain an account balance of $2,500 and the monthly service fee is waived.
- Dividend Business Checking – Maintain an account balance of $2,500 and the monthly service fee is waived.
- Select Business Checking – There is $10 monthly service fee. We recommend you contact a CSR to find out if you can waive it.
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Official Referral Certificate must be delivered to CEFCU or mailed to CEFCU, Attn.: Marketing/Referral, P.O. Box 1715, Peoria, IL 61656-1715, within 15 business days of account opening.
Bottom Line
Citizens Equity First Credit Union promotions, such as the $125 bonus, allows you to earn a bonus by skipping the hassle of switching direct deposits to this new account. Additionally, once you join, you can start referring new members and earn bonuses.
Please leave us a comment below if we are missing any information. Also, we ask you to comment below if you have experience banking with Citizens Equity First Credit Union. Your feedback helps make this site better for other readers.
*Check back at this page for updated Citizens Equity First Credit Union promotions, bonuses and offers.
The best bank bonuses are updated here. Check the below pages to get started with some of the best offers: • Chase Bank Bonuses. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks. • HSBC Bank Bonuses. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. • Huntington Bank Bonuses. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees). • Discover Bank Bonuses. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. |
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