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:
- Become a member of Lafayette Federal Credit Union.
- Open a new savings and checking account.
- Initiate a direct deposit, receive $50.
- 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:
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:
2231 Crystal Dr Ste 150R
Arlington, VA 22202-3781
301-929-7990
409 3RD ST SW STE 105, SUITE 105
WASHINGTON, DC 20024
301-929-7990
Room c 1-80, 1300 PENNSYLVANIA AVENUE, NW
WASHINGTON, DC 20523
301-929-7990
1381 KENYON ST NW
WASHINGTON, DC 20010
301-929-7990
6701 Lowell Ave
Mclean, VA 22101
301-929-7990
3535 UNIVERSITY BLVD W
KENSINGTON, MD 20895
301-929-7990
7901 TUCKERMAN Ln
POTOMAC, MD 20854
301-929-7990
2701 Tower Oaks Blvd
Rockville, MD 20852
301-929-7990