Find an updated list of Michigan State University Federal Credit Union promotions, bonuses, and offers here.
Update 11/5/24: There’s currently a $250 bonus for opening a checking OR money market account through 1/31/25. We’ve also found an alternative link to the offer for the two new branches at 1550 N. Clark St. and 2234 W. North Ave in Chicago valid through 1/31/25!
About MSU Federal Credit Union Promotions
Established in 1979, Michigan State University Federal Credit Union is headquartered in East Lansing and is the 3rd largest credit union in the state of Michigan. Since then they have grown to 18 locations, offer money market rates 5X the national average, and have an A health rating.
| Membership Eligibility: Membership in Michigan State University Federal Credit Union is open to anyone through a $10 donation to the MSU Alumni Association (joining MSUFCU and making the $10 donation can be done simultaneously using the MSUFCU’s online application). See current membership details |
I’ll review the offers below.
Michigan State University FCU $250 Checking Bonus
- What you’ll get: $250 bonus
- Account Type: MSUFCU Checking account
- Availability: MI (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None
(Expires 01/31/2025)
Editor’s Note: Open an IMMA with at least $25,000 to earn an additional $250 bonus.
In addition, here is an alternative link to the offer for the two new branches at 1550 N. Clark St. and 2234 W. North Ave in Chicago valid through 1/31/25!
- Terms: Offer valid 11/1/24 to 1/31/25. To receive $100 bonus, member must open a Totally Green Checking account and set up direct deposit from their employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $1,000. To receive $250 bonus, member must open a Money Market Checking account and set up direct deposit from employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $2,000. Must maintain balance of $2,000 for 60 days after account opening. For both offers, first direct deposit must be set up and funded into member’s MSUFCU checking account by 10/31/24 and member must complete 10 transactions within 30 days of account opening. Bonus of either $100 or $250 will be deposited to the member’s CashBack+ wallet within 90 days of promotion end date. Not valid for members with existing or previously closed checking accounts. Not valid for funds already on deposit with MSUFCU. Bonus may be taxable and reported on an IRS Form. Annual Percentage Yield (APY) means a percentage rate reflecting the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period. The APY on the Money Market Checking is 1.25% for Tier 1 with a minimum balance of $2,000, 1.25% for Tier 2 with a minimum balance of $10,000, 1.50% for Tier 3 with minimum balance of $50,000, and 2.00% for Tier 4 with minimum balance of $100,000. This rate assumes that a set amount is on deposit at the beginning of the dividend period, that no deposits or withdrawals are made during the dividend period and funds remain on deposit for one full year at the same dividend rate. Fees may reduce earnings. Rates valid as of 10/24/24 and subject to change after account opening.
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
How to Earn Bonus
- Receive up to $250 Just for Getting Paid
- When you open a Totally Green Checking account and set up direct deposit, you’ll be rewarded with $100.
- For even greater rewards, opt for our Money Market Checking with direct deposit and receive a $250 bonus.
- Offer valid 09/01/24 to 10/31/24.
- To receive $100 bonus, member must open a Totally Green Checking Account and set up direct deposit from their employer or Social Security.
- Must have two consecutive electronic deposits each with a minimum deposit of $1000.
- To receive $250 bonus, member must open a Money Market Checking account and set up direct deposit from employer or Social Security.
- Must have two consecutive electronic deposits each with a minimum deposit of $2000.
- Must maintain balance of $2000 for 60 days after account opening.
- For both offers, first direct deposit must be set up and funded into member’s MSUFCU checking account by 10/31/24 and member must complete 10 transactions within 30 days of account opening.
- Bonus of either $100 or $250 will be deposited to the member’s Cashback+ wallet within 90 days of promotion end date.
- Not valid for members with existing or previously closed checking accounts.
- Not valid for funds already on deposit with MSUFCU.
- Bonus may be taxable and reported on an IRS Form.
MSU Federal Credit Union $25 Referral Bonus
MSU members can earn a $25 bonus when they refer someone open a new checking account!
Michigan State University Federal Credit Union is offering a $25 referral bonus when you refer someone to open a new account.
- What you’ll get: $25 bonus
- Account Type: Personal checking account
- Availability: MI
(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
- To access your unique referral code and refer friends and family, sign in to ComputerLine and select the “Member Referral” icon in the menu bar.
- Refer your friends and family by using Facebook, Twitter, or email. You can also print your referral coupons.
- New member must open a checking account, activate his/her debit card within 30 days of account opening, and make 10 transactions within 30 days of card activation.
- Each referred member must be age 18 or older to qualify.
- New member will need to qualify for membership, cannot be an existing member, or have closed account in the last 6 months.
- New member must open checking account, activate his/her debit card within 30 days of account opening, and make 10 purchase transactions within 30 days of card activation for new and existing members to receive $25.
Michigan State University FCU $100 Checking Bonus (Expired)
- What you’ll get: $100 bonus
- Account Type: MSUFCU Checking account
- Availability: MI (Bank Locator)
- Direct Deposit Requirement: Yes, $500+ (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None
(Expires 07/15/2024)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
How to Earn Bonus
- MSUFCU members who graduate from Michigan State University in December 2023 will receive $100 deposited to their MSUFCU checking accounts when they add new direct deposits of their net paychecks ($500 or more) between 1/15/24 and 7/15/24.
- Must have 2 consecutive direct deposits to qualify.
- MSUFCU members who graduate from Michigan State University in December 2023 will receive $100 deposited to their MSUFCU checking accounts when they add new direct deposits of their net paychecks ($500 or more) between 1/15/24 and 7/15/24.
- Must have 2 consecutive direct deposits to qualify.
- Allow 6 weeks after the second direct deposit for $100 to be deposited.
- May not be combined with other deposit offers.
- Account must be in good standing to receive $100 deposit.
MSU Federal Credit Union $100 Student Checking Bonus *Expired*
Michigan State University Federal Credit Union is offering a chance to earn a $100 bonus with a new checking account and complete the requirements.
- What you’ll get: $100 bonus
- Account Type: Totally Green Spending account
- Availability: MI
(Expires March 31, 2022)
| 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 $100 Checking Bonus
- Open your MSUFCU Totally Green Spending account, use your Sparty Visa Debit Card ten times within the first 30 days of activation, and you’ll receive $100 deposited into your account.
- Fine Print: Offer of $100 valid 1/1/22 to 3/31/22 for those who qualify under the MSU student SEG. MSUFCU Visa Debit Card must be activated by 3/31/22 and 10 debit card purchases must post within 30 days of card activation to qualify. The $100 will be deposited into member’s checking account within 6 weeks of the 10th purchase. Not valid for existing members with an MSUFCU checking account. May not be combined with any other deposit offers. If new member is referred to the Credit Union, member referral offer will not apply.
How To Waive Monthly Fees
- Totally Green Checking: None
- Classic Checking: $5, if account falls below $500
- Money Market Checking: $5, if account falls below $2,000
- Rebuild Checking: $10
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Bottom Line
Michigan State University Federal Credit Union offers a variety of accounts available for you to maximize your savings with. While their personal checking accounts allow you to earn the bonus and gives you full access to a wide selection of features. I would only recommend this promotion if it triggers a soft pull.
However, while Michigan State University Federal Credit Union offers fairly competitive CD rates, it is hard to compete against online banks. That being said you may want to check out our full list of Bank Rates and CD Rates.
*Compare Michigan State University Federal Credit Union Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, and more!*
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*Check back at this page for updated Michigan State University Federal Credit Union promotions, bonuses, and offers.
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