Here you can find all the latest Educators Credit Union promotions, bonuses, and offers.
Update 7/29/25: There’s currently a $50 referral bonus along with a $350 checking bonus for those being referred.
About Educators Credit Union Promotions
Educators Credit Union is headquartered in Mount Pleasant, Wisconsin and was founded in 1937. Since then they have grown to 26 locations, offer money market rates that are 4X the national average, and boasts an A+ health rating. But even if you are not located near a branch, you can see all nationwide bank bonuses for more suitable offers.
| Eligibility: Membership in Educators Credit Union is open to those who live or work in Kenosha, Milwaukee, Racine, Walworth and Waukesha counties in Wisconsin and their immediate family. See current membership details |
While Educators Credit Union have a generous $100 bonus and decent money market rates, its hard to compete with online banks. You may want to check out our full list of Bank Rates and CD Rates.
Keep reading to find out more about Educators Credit Union promotions.
Educators Credit Union $50 Referral Bonus
- What you’ll get:
- Referrer: $50 bonus
- Referred: $350 bonus
- Account Type: Checking Account
- Availability: WI (ATM Locator)
- Credit Inquiry: Unknown, Let us know
- ChexSystems: Unknown, Let us know
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: None
- Closing Account Fee: $20 if closed within 90 days
(Limited time offer)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- To receive the $50 Referral Reward:
- Refer family and friends who do not already bank with Educators to open a qualifying Educators checking account. The referred member must be considered a new member and not have had an Educators Credit Union account within the past six months. If the referred member was previously an Educators Credit Union member, their account must have been in good standing to qualify for this program.
- The referred member must provide the referring member’s unique Referral Code at the time of account opening.
- The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (ex. Social Security, payroll, etc.)
- The referred member must qualify for Educators Member Loyalty within 60 days of account opening.
- If the above four conditions are met, we’ll deposit the $50 Referral Reward into the referring member’s primary checking account within 10 days.
- To receive the $350 Bonus:
- The referred member must provide the referring member’s unique Referral Code at the time of account opening.
- The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (ex. Social Security, payroll, etc.)
- The referred member must qualify for Educators Member Loyalty within 60 days of account opening.
- If the above three conditions are met, we’ll deposit the $350 bonus into the referred member’s primary checking account within 10 days.
- Account information is private and confidential. We cannot disclose information about the status of qualifying accounts opened by the friends and family referred.
- Referral/Account Information:
- Referral Reward/Bonus is available to eligible members who qualify for Member Loyalty. The current referring member could receive a $50 Referral Reward, plus a Member Loyalty Boost if all conditions are met. The new referred member could receive a $350 bonus if all conditions are met.
- To receive the $50 Referral Reward:
- Refer family and friends who do not already bank with Educators to open a qualifying Educators checking account. The referred member must be considered a new member and not have had an Educators Credit Union account within the past six months. If the referred member was previously an Educators Credit Union member, their account must have been in good standing to qualify for this program.
- The referred member must provide the referring member’s unique Referral Code at the time of account opening.
- The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (ex. Social Security, payroll, etc.)
- The referred member must qualify for Educators Member Loyalty within 60 days of account opening.
- If the above four conditions are met, we’ll deposit the $50 Referral Reward into the referring member’s primary checking account within 10 days.
- To receive the Member Loyalty Boost:
- The referring member’s Member Loyalty payout on December 1st will receive an additional amount equal to their Member Loyalty Reward times the number of referrals completed in that calendar year. Membership must be in good standing when Member Loyalty is calculated on November 30th and paid out on December 1st. An account is not in good standing if its checking account has been negative for more than 35 days or a loan is overdue for payment.
- To receive the $350 Bonus:
- The referred member must provide the referring member’s unique Referral Code at the time of account opening.
- The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (ex. Social Security, payroll, etc.)
- The referred member must qualify for Educators Member Loyalty within 60 days of account opening.
- If the above three conditions are met, we’ll deposit the $350 bonus into the referred member’s primary checking account within 10 days.
- Eligibility may be limited based on account ownership. Bonuses and rewards are considered miscellaneous information and may be reported to you and the IRS on Form 1099-MISC. Employees of Educators Credit Union are eligible for the Member Referral Program, excluding executive and senior management.
Educators Credit Union $250 Checking Bonus (Expired)
You can earn up to a $250 bonus after you open a qualifying checking account with Educators Credit Union.
- What you’ll get: $250 bonus
- Account Type: Checking Account
- Availability: WI (ATM Locator)
- Credit Inquiry: Unknown, Let us know
- ChexSystems: Unknown, Let us know
- Opening Deposit: None
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: None
- Closing Account Fee: $20 if closed within 90 days
(Expires 12/01/2023)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a checking account online or at your local branch or through Educators Connect Cam™.
- Set up a direct deposit of $200 or more. (This includes your paycheck, Social Security deposit, pension or any other direct deposit.)
- You’ll get $250 automatically deposited into your account.
- Membership is open to anyone who lives or works in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington and Waukesha Counties.
- The $250 incentive will be deposited as a dividend into the member’s Prime Share Savings within 1-3 business days once the direct deposit is received at Educators.
How To Avoid Monthly Fees
- Standard Checking: No monthly fees
- Student Checking: No monthly fees
- Business Checking: $25 new account set-up charge with no monthly fees
- Non-Profit Checking: No set-up charges and no monthly fees
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Bottom Line
This bonus from Educators Credit Union is a pretty decent bonus so if you qualify take advantage. While their checking account gives you full access to a wide selection of features, I cannot recommend since it does not trigger a soft pull.
If you have experience with Educators Credit Union, please leave us a comment below with any information we may be missing.
*Check back at this page for updated Educators Federal Credit Union promotions, bonuses and offers.
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