Available in the greater District of Columbia area with the ability to open online, Lafayette Federal Credit Union is offering new members up to a $100 welcome bonus for opening a new savings and checking account and setting up direct deposit.
Live outside of DC Metro area? Obtain a lifetime membership to the Home Ownership Financial Literacy Council (HOFLC) for $10 and receive eligibility to LFCU.
How To Earn The Bonus
The Lafayette Federal Credit Union Personal Checking and Savings promotion requires you to optionally, set up eligible direct deposits in order to earn the up to $100 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- If account is closed within first 6 months, initial $50 promotional deposit will be deducted from account.
- 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 account on a month-to-month basis made by an outside organization or agency.
Open a Personal Checking and Savings account before the bonus expires
How does this personal checking offer from Lafayette Federal Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 14 days
- Requires
- Direct Deposit
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 47 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Lafayette Federal Credit Union?
Personal Checking
Fees
Personal Checking does not charge a monthly maintenance fee.
Share Savings
Fees
Share Savings does not charge a monthly maintenance fee.
Preferred Savings
Fees
Preferred Savings does not charge a monthly maintenance fee.
Apply now for a Personal Checking and Savings account to earn the up to $100 bonus offer
How to Join Lafayette Federal Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Lafayette Federal Credit Union's membership requirements:
- live in Maryland, Washington, D.C., or Virginia and are a member of the American Consumer Council (ACC), OR
- are employed by an agency or company within Lafayette Federal's approved field of membership, OR
- are employed by DXC or CSRA, OR
- live or work in the Potomac, MD area, OR
- live, work, worship or attend school in Washington, D.C., OR
- are an immediate family member of a current Lafayette Federal member, OR
- are a member of the Home Ownership Financial Literacy Council
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
Share Your Thoughts or Questions
There have been 2 comments about the Lafayette Federal Credit Union Personal Checking and Savings up to $100 Bonus.
Nicholas
November 15, 2023It looks like you can join the Home Ownership Financial Literacy Council for $10 and apply for this account even if you don't live in the DC area. I'm considering it.
ReplyReply to Nicholas
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