Check out the most recent Lafayette Federal Credit Union promotions, bonuses, and offers here.
Update 4/13/26: There’s currently a $150 checking bonus and $100 direct deposit bonus valid through 12/31/26.
About Lafayette Federal Credit Union Promotions
Since 1935, Lafayette Federal Credit Union has provided their members with a safe and convenient place to bank with great bank bonuses, CD rates as well as bank rates. They are currently the 11th largest credit union in Maryland and now have 10 locations.
| Eligibility: Membership in Lafayette Federal Credit Union is open to anyone who joins the Home Ownership Financial Literacy Council ($10 fee). Residents of Maryland, Virginia, or Washington, D.C. who belong to the American Consumer Council (can join through the Credit Union’s online application) are eligible to join. Also eligible are those who live or work in the Potomac, Maryland area; live, work, worship, or attend school in Washington, D.C.; or are employed by any of nearly 200 Select Employer Groups. See current membership details |
We will review the current Lafayette Federal Credit Union promotions below.
Lafayette Federal Credit Union $150 Checking Bonus
- What you’ll get: $150 bonus
- Account Type: Checking Account
- Availability: DC, MD, VA (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystem: Yes, Sensitive
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: Bonus forfeit if account is closed in 6 months
- Household Limit: None
(Expires 12/31/2026)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 Cash Bonus), | |
How to Earn Bonus
EARN BONUSFINE PRINT
- Open a new Lafayette Federal checking account with just $50, get your debit card, and enroll in online banking.
- Deposit $500 or more per month to qualify for the bonus to receive an additional $100.
- Earn and receive the $150 bonus – $50 upon account opening and $100 within 90 days
- Lafayette Federal membership is required.
- Offer is valid from December 31, 2026.
- Offer is subject to change without notice.
- Offer not available to existing Lafayette Federal members.
- You can receive only one checking account related bonus per membership.
- Promo is good for one-time use per membership.
- Lafayette Federal will match the required par value by depositing $50 into the checking account at account opening.
- Member must open a Lafayette Federal checking account, debit card, and online banking to be eligible.
- To receive an additional $100, member must set up and maintain at least one (1) qualified direct deposit (QDD) of at least $500 per month.
- Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. QDD must be established within 45 days of account opening.
- $100 will be deposited within 90 days of account opening.
- $50 minimum balance required to open and earn 0.10% APY (Annual Percentage Yield) on LFCU share savings account balances.
- Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer and standard fraud prevention screening.
- We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
- Early access is available for personal accounts only, and is offered at the discretion of the Credit Union.
- We reserve the right to cancel the service at any time without notice.
- Dividends will begin to accrue on the day early pay funds are received.
- Your savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Lafayette Federal Credit Union $100 Checking Bonus
- What you’ll get: $100 bonus
- Account Type: Checking Account
- Availability: DC, MD, VA
- Direct Deposit Requirement: Yes
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: $50, 6 months
- Household Limit: None listed
(Expires 12/31/2026)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($425 bonus) |
| Bank of America ($500 bonus offer) | U.S. Bank Smartly® Checking ($400 bonus) |
How to Earn Bonus
HOW TO EARN BONUSFINE PRINT
- In order to earn the $100 direct deposit bonus you must be an existing member with a checking account. Follow our steps to earn below.
- Log into Online Banking.
- Begin the Direct Deposit Process. Select the menu icon in the top left of your window pane to begin the direct deposit process.
- Next, navigate to the “More” tab to locate the direct deposit switch tool.
- Follow the Prompts and Earn Your $100 Cash Bonus. Select “Direct Deposit” and start maximizing your earnings. Use our direct deposit tool to connect with your payroll provider’s website and earn your bonus within 90 days of establishing direct deposit with Lafayette Federal.
- Lafayette Federal membership is required.
- Offer not available to existing Lafayette Federal members with previously established direct deposit.
- You can receive only one direct deposit related bonus per membership.
- Offer is good for one-time use per membership.
- Offer is valid through December 31, 2026.
- Member must set up and maintain at least one (1) qualified direct deposit (QDD) of at least $500 per month.
- Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. $100 will be deposited within 90 days of verification of member’s initial QDD.
- $50 minimum balance required to open and earn 0.10% APY (Annual Percentage Yield) on LFCU share savings account balances.
- Your savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Lafayette Federal Credit Union $25 Referral Bonus
Lafayette Federal Credit Union $25 Referral Bonus
For residents of DC, MD, VA, Lafayette Federal Credit Union is offering you an opportunity to earn $25 Referral Bonus! Take advantage of this amazing opportunity while you can.
- What you’ll get: $25 bonus
- Account Type: Savings Account
- Availability: DC, MD, VA
(No expiration date listed)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 Cash Bonus), | |
How to Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Refer a friend or family member, and get $25 deposited into your savings account, and your referral’s savings account, after he or she joins the credit union.
- Refer as many people for membership as you like and earn up to $125
- Offer subject to change without notice.
- Cannot be combined with any other new member offers.
- Cash rebate to be deposited to Lafayette Federal Share Savings account within 14 days of account opening.
- Must be eligible for membership.
- $50 minimum balance required to open and earn 0.10% APY on Lafayette Federal share savings account balances.
- $5 minimum balance required to open and earn 2.04% APY on LFCU checking account balances up to $25,000 and 0.025% APY on checking balances over $25,000.
- Please visit LFCU.ORG/2for22 for full checking account requirements.
How To Waive Monthly Fees
- Distinct Checking: None
- Business Basic Checking: $5 monthly fees, waived by meeting just one of the following criteria: (1) Maintain an average monthly checking balance of $500 or greater (2) Open a Lafayette Federal Business Credit Card or Line of Credit (3) Use one or more Lafayette Federal Business Service products (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services)
- Business Performance Checking: $20
- Money Market: None
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Bottom Line
Lastly, Lafayette Federal Credit Union has a wide range of bonuses to better your banking experience. Additionally, with attractive features and benefits, banking has never been easier.
Feel free to comment and let us know about your experience. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.
*Compare Lafayette Federal Credit Union Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
*Check back on this page for updated Lafayette Federal Credit Union promotions, bonuses, and offers.
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