Continue reading to learn more about current Luso American Credit Union promotions, bonuses and offers.
Update 1/16/26: There’s currently a $300 checking bonus valid through 2/28/26.
About Luso American Credit Union Promotions
Luso American Credit Union is headquartered in Peabody, Massachusetts and they were founded in 1960. Since then they opened 3 locations and boast an A health rating. However, if you aren’t a resident in the area, take a look at our list of bank bonuses found nationwide!
| Eligibility: Membership in Luso American Credit Union is available for Luso American CU members only. This bonus promotion is available for people who reside or work in the Essex County. When you refer new members, they will also be able to qualify for a membership as well. See current membership details |
Luso American Credit Union can offer you fantastic resources to better your banking experience, however they do not provide very competitive Savings and CD rates. Take advantage of our full list of Bank Rates and CD Rates to get the best deal for you!
I’ll review the current offer below.
Luso American Credit Union $300 Checking Bonus
Luso American Credit Union is offering a $300 bonus when you open a qualifying checking account and meet certain requirements.
- What you’ll get: $300 bonus
- Account Type: Checking Account
- Availability: MA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: None
- Household Limit: None listed
- Closing Account Fee: Unknown
(Expires 02/28/2026)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| Bank of America ($500 bonus offer) | |
How To Earn Bonus
- To qualify for the $300 bonus, an individual must open a new checking account during the promotional period and complete all required qualifying activities within the stated promotional period.
- Qualifying activities include establishing a recurring direct deposit of $500 minimum and maintaining the account in good standing.
- Bonus will be deposited into the member’s checking account within 30 days after the requirements are met.
- Offer valid for new Luso American Credit Union checking accounts opened from 12/10/2025 through 2/28/2026 only.
- To qualify for the $300 bonus, an individual must open a new checking account during the promotional period and complete all required qualifying activities within the stated promotional period.
- Qualifying activities include establishing a recurring direct deposit of $500 minimum and maintaining the account in good standing.
- Bonus will be deposited into the member’s checking account within 30 days after the requirements are met.
- Offer not available to existing Luso checking account holders or those who have closed a Luso checking account within the past 12 months.
- Limit one bonus per individual.
- Fees may reduce earnings.
- Promotional offer subject to change or withdrawal at any time without notice.
- Membership required.
- Federally Insured by NCUA.
Luso American Credit Union $25 Referral Bonus
Earn a $25 referral bonus with Luso American Credit Union!
Luso American Credit Union is offering a $25 bonus when you refer someone to open a qualifying checking account and meet certain requirements.
- Account Type: Checking Account
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Opening Deposit: None
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes
- Monthly Fee: Yes can waive
- Household Limit: None listed
- Closing Account Fee: Unknown
(Does Not Expire)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| Bank of America ($500 bonus offer) | |
How To Earn $25 Checking Bonus
- Earn your easy $25 by:
- Downloading and printing this card
- Filling in your name and giving it to your friend
- Have your friend turn in the referral card when opening their account
- To receive the $25 deposit, the referred friend must present this card when opening their account
- The $25 will be deposited into both checking accounts once the referred friend presents this card and opens their account with Luso American Credit Union
- Referred individuals must be eligible for credit union membership
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Bottom Line
If you are interested, be sure you check out Luso American Credit Union as soon as possible. I would check with CSR to find out if this offer triggers a hard or soft pull before signing up. In my opinion, the bonus amount isn’t too convincing and there are definitely better offers out there. For more reviews like this, check out more posts here on HustlerMoneyBlog!
Feel free to comment below! We value your feedback and it helps us help you guys earn even bigger bonuses. We will continue to keep you guys updated on all the deals nationwide.
*Check back at this page for updated Luso American Credit Union promotions, bonuses and offers.
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