Lafayette Federal Credit Union Personal Checking and Savings $100 Bonus

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.

How To Earn The Bonus

The Lafayette Federal Credit Union Personal Checking and Savings promotion requires you to optionally, set up direct deposits in order to earn the $100 bonus.

Full requirements to receive this bonus are:

1. Become a member of Lafayette Federal Credit Union.
2. Open a new savings and checking account.
3. Initiate a direct deposit, receive $50.
4. Within 45 days, complete a recurring direct deposit, receive an additional $50.

Open a Personal Checking and Savings account before the bonus expires

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.

How does this 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:

Citi

Citi Priority Account

Bonus

up to $1500

Account Type

Personal Checking

Expires In

51 days

Requires

• Min Balance

Full Details

Fifth Third Bank

Personal Checking

Bonus

$350

Account Type

Personal Checking

Expires In

126 days

Requires

• Direct Deposit

Full Details

Chase

Chase Total Checking®

Bonus

$200

Account Type

Personal Checking

Expires In

54 days

Requires

• Direct Deposit

Full Details

Why Lafayette Federal Credit Union?

Personal Checking

Fees

Personal Checking does not charge a monthly fee.

Share Savings

Fees

Share Savings does not charge a monthly fee.

Preferred Savings

Fees

Preferred Savings does not charge a monthly fee.

Open a Personal Checking and Savings account now to earn the $100 bonus

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 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)
• are employed by an agency or company within Lafayette Federal's approved field of membership
• are employed by DXC or CSRA
• live or work in the Potomac, MD area
• live, work, worship or attend school in Washington, D.C.
• are an immediate family member of a current Lafayette Federal member
• 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.

Lafayette Federal Credit Union Locations

Credit unions are community-based, and a lot of the time this means they serve a specific geographic footprint.

Sometimes eligibility requirements will mean that you need to live, work, or worship in that area to become a member. Other times, you may be required to visit a branch to take advantage of a welcome offer. Or, you may just prefer a credit union with locations near you.

Get a better idea of whether Lafayette Federal Credit Union can serve you by checking out their branch locations below: