Read on to learn more about Credit Union 1 promotions, bonuses and offers here.
You can now take advantage of a $500 bonus when you open a new account and meet all the requirements.
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About Credit Union 1 Promotions
Credit Union 1 serves over 89,000 members throughout Illinois, Indiana and Nevada. Headquartered in Rantoul, IL, Credit Union 1 had grown into a billion dollar plus financial institution, keeping their core values the same. Be Great, Be Engaged, Be Open, and Be Nice.
Easy Membership: You can apply for membership under the Credit Union 1 Educational Development Association (CU1EDA) for a $5 donation which will be contributing to the benefit of continuing education for selected groups.
I’ll review the Credit Union 1 Promotions below.
Credit Union 1 $500 Checking Bonus
Credit Union 1 is offering a $500 bonus when you open a new qualifying checking account with promo code CHK500
- What you’ll get: $500 bonus
- Account Type: Checking Account
- Availability: Nationwide via $5 membership. Branches in IL (Bank Locator)
- Direct Deposit Requirement: Yes, $1,000+ per month for 3 months
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: None
- Monthly Fees: None
- Early Account Termination Fee: Bonus deducted if closed within 12 months
- Household Limit: None listed
(Expires November 30, 2022)
|You can compare this to several great entry level Checking accounts with bonus offers include the Citi Priority Account (Up to $2000 Cash Bonus), BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking ($300 bonus), Chase Total Checking® ($200 bonus), and SoFi Checking and Savings ($275 bonus).|
How To Earn Bonus
- Open a CU1 Checking Account using promo code CHK500
- Establish direct deposit activity within 60 days of account opening or by November 30, 2022
- The $500 bonus will be deposited into your account following three (3) consecutive months of qualifying activity
- To redeem this offer you must use Promo Code: CHK500.
- Offer not available to existing members who already have direct deposit coming into a CU1 account, those whose accounts have been closed within 90 days, or closed with a negative balance within the last 3 years from the date of use of the Promo Code.
- Promo Code is only good for one-time use and is not redeemable with any other offers.
- To receive $500 bonus: (1) Within 60 days of use of the Promo Code, you must establish and receive a minimum recurring aggregate total direct deposit of $1,000 per month into a new or existing CU1 checking account. (2) Your direct deposit must be from an electronic deposit of your paycheck, investment account, pension or government benefits (such as Social Security) distribution from your employer or government agency.
- Person to Person transfers or payments are not considered a direct deposit.
- Bonus will be paid by deposit into your CU1 checking account within 7 days of meeting all qualifying criteria.
- To receive the bonus, the checking account must not be closed or restricted at the time of payout.
- Bonus is considered interest and will be reported on 1099-INT.
- Offer may be cancelled at any time without notice.
How To Waive Monthly Fees
- Free Checking: None
- Free Student Checking Account: None
- Plus Checking Account: $9.95 monthly fee, waivable with $500 minimum average daily balance
- Premium Plus Checking Account: $25 monthly fee, waivable with $50,000 aggregate minimum relationship balance
Lastly, Credit Union 1 has a wide variety of accounts for you to take advantage of. However, if you are not interested, be sure to check out our list of bank promotions! Additionally, definitely provide your feedback as they make our site even better!
*Compare the latest Credit Union 1 Promotions to other bank bonuses from Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
Furthermore, check back at this page for Credit Union 1 promotions, bonuses and offers.