Best Credit Union Bonus Promotions (November 2022)

For many years, credit unions didn’t get as much attention as commercial banks. They are typically smaller, limited to a small regional footprint, and they tend to focus more on their existing members rather than trying to entice more people to join.

But as credit unions gain in popularity, we’re starting to see them increase their marketing budgets and, this point being more appropriate for you right now, their bonuses.

In fact, just a few years ago, I didn’t see that many credit unions offering a new account bonus.

Today, you can find several very popular bonuses from credit unions with very liberal membership policies.

Here are some of the best bonuses:

💰 Get up to $2000 from a Citi Priority Account Today!

Citi Priority is offering up to $2000 when you open a Citi Priority Account by 1/9/2023.

Then, within 20 days of opening your account, deposit New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.

This is a limited time offer so don’t wait!

Learn more about this offer

👉 Don’t have nearly that much cash? Consider this easy $150 or $200 bonus offer from Discover Bank instead!

👉 Bank of America’s $100 Bonus Offer is very popular too!

Table of Contents
  1. About Credit Union Membership Rules
  2. PSECU – $250
  3. SECU – $200
  4. Alliant Credit Union — up to $100
  5. BECU – $100
  6. USECU – up to $300
  7. KeyPoint Credit Union – $300
  8. Provident Credit Union – $300
  9. Credit Union 1 – $500

About Credit Union Membership Rules

With commercial banks, there are no “membership rules.” That’s a credit union rule. For an institution to be a credit union, they must (among other rules) restrict membership to a subset of the whole population. There’s no rule on how they restrict it – there just has to be a restriction.

With commercial banks, there are no such rules. When you see a bank only offer accounts in certain states, that’s simply because they are only allowed to operate in those states.

With a credit union, you have to gain membership eligibility through another organization. For example, PSECU is the Pennsylvania State Employees Credit Union and membership was originally restricted to Pennsylvania state employees. It has since expanded to include individuals who have joined the Pennsylvania Recreation and Park Society (PRPS) – and PSECU will even pay your membership dues.

PSECU still restricts its membership, thus keeping with the rules, but anyone can join because anyone can join the Pennsylvania Recreation and Park Society. Many credit unions do this, though few will also pay the membership due.

It’s a small price to pay to join a credit union, but a hoop you must jump through.

Now, onto the best credit union bonuses!

PSECU – $250

The Pennsylvania State Employees Credit Union (PSECU) $250 bonus promotion is really easy to get.

All you have to do is:

  1. Join PSECU by clicking this link to visit the site and joining them using the promo code UPTO250PROMO
  2. You can gain eligibility by joining the Pennsylvania Recreation and Park Society (PRPS), which is part of the account opening process and PSECU will even pay the $20 dues for you
  3. Once you’ve joined, add a free checking account ($5 minimum deposit) with a debit card and digital banking within 90 days to get the $100 bonus
  4. Then, within 90 days of membership, establish a qualifying direct deposit that totals at least $200 to get an additional $150.

👉 Learn more about this offer

(Offer expires 12/31/2022)

SECU – $200

SECU is the Maryland State Employee Credit Union and there is a $200 bonus when you:

  1. Open a SECU Total™️ Checking & Rewards account with $10,
  2. Gain eligibility by joining the SECU MD Foundation with a one time donation (no amount listed),
  3. Sign up for e-statements and set up a qualifying direct deposit of at least $500 a month that posts to your checking account within 9 0days.

👉 Learn more about this offer

(Offer expires 11/30/2022)

Alliant Credit Union — up to $100

Alliant Credit Union has several bank promotions going on right now but the simplest one does not require a direct depsoit.

  1. Open a new Alliant Credit Union account,
  2. Gain eligibility by becoming a member of Foster Care to Success (Alliant will pay the $5 membership fee for you),
  3. Deposit $100 a month for 12 months, they will deposit the $100 bonus at the end of 12 months.

The deposit does NOT have to be a direct deposit from your employer, government benefits, or anything like that. It’s simply a regular deposit. It’s a simple bonus but it does take a full year to get it.

👉 Learn more about this offer

(Offer expires 12/31/2022)

BECU – $100

BECU is the Boeing Employees’ Credit Union but you don’t have to work at Boeing to get $100 for opening a new account with them.

  1. Open a checking and savings account using the promo code CAREERPATH,
  2. Gain eligibility by joining KEXP with a one-time donation of $10,
  3. Then:
    1. Perform 5 or more qualifying actions from this list:
      1. Make a purchase using your BECU Debit Mastercard®
      2. Write a check or electronic check
      3. Make a payment using bill pay
    2. OR, Deposit $500 or more into your checking account.

The full details of the promotion are in this flyer but the link below takes you to the application page.

👉 Learn more about this offer

(Offer expires 12/31/2022)

USECU – up to $300

USECU started in 1936 for the benefit of San Diego’s Division of Highway employees but has since expanded to several categories of state employees, including students, alumni, staff, and faculty of the University of California. It does not have any affiliated organizations you can join but the eligibility criteria is quite large – if you are a resident of California you may qualify.

To get this tiered bonus:

  1. Open a new checking account (promo code NewMover) with eStatements – get $50
  2. Set up direct deposit of at least $250 within 90 days – get $50
  3. Keep your account open for 6 months – get $100
  4. Keep your account open for 1 year – get $100

If you complete all the requirements, that’s $300.

👉 Learn more about this offer

(Offer does not show an expiration date)

KeyPoint Credit Union – $300

KeyPoint Credit Union is a California-based credit union that got its started in 1979 as AEA Credit Union. It has now grown to 7 branches and over 63,000 members.

They have a $300 offer that is split up into a series of three bonuses:

  1. Open a new checking account with a $25 minimum deposit – get $50
  2. Gain eligibility when you join the Financial Fitness Association – KeyPoint will seamlessly arrange for your enrollment in the FFA and there is no cost to you,
  3. Set up a direct deposit of at least $1,000 within 50 days – get $200
  4. Make 40 or more purchase transactions within three months after account opening – get $50

👉 Learn more about this offer

(Offer expires 12/31/2022)

Provident Credit Union – $300

Provident Credit Union is of the largest credit unions in California and was founded in 1950 to service the California Teachers Association. It now has over 133,000 members.

To get $300, you must:

  1. Open a new account with promo code 9772 and deposit a minimum of $25 within 60 days from account opening
  2. Gain eligibility by joining any number of several dozen organizations listed here
  3. Make purchases of $400 or more using a Provident debit and/or credit card for two consecutive months, starting the month following your checking account opening
  4. Have direct deposits or automatic credits of at least $500 for two consecutive months, starting the month following your checking account opening
  5. Enroll in online banking and e-Documents with valid e-mail address

👉 Learn more about this offer

(Offer does not show an expiration date)

Credit Union 1 – $500

CreditUnion1 started in 1958 as a credit union for personnel from Chanute Air Force Base in Rantoul, Illinois. It has since grown and expanded through a series of mergers.

To get this bonus:

  1. Open an account with CU1 online with code CHK500. (you can also call or visit a branch)
  2. Gain eligibility through the  Credit Union 1 Educational Development Association. It’ll cost you $5 fee to join the CU1EDA plus a one time CU1 membership fee of $5. Ten bucks.
  3. Set up direct deposit of $1,000 per month for 3 months
  4. Get the $500 bonus after the three months, keep the account open for 12 months.

Word of warning – we’ve had readers report that this bonus was difficult to get. Sometimes they were told to visit a branch after trying to open it online. That’s why we listed this one last, despite it’s high dollar amount.

👉 Learn more about this offer

(Offer expires 10/31/2022)

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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  1. Mag says

    CreditUnion1 the process is horrible. After completing the application properly I received an email telling me that they could not determine my identity that I needed to upload my passport, social security card. I complied. Next email said still needed more information that I needed to submit a W9 along with W2 from 2021 , I complied immediately. Than total silence . One week later I sent them an email inquiring and ……… they replied to say that they still could not very my identity that I needed to go to a branch. Go figure hog wash

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