Sunward Federal Credit Union (formerly Sandia Laboratory Federal Credit Union) is offering a $225 welcome bonus when you open a new personal checking account. The deposit requirement is very manageable at $500 and are not restricted to just payroll deposits.
What's more? If you know a current member and receive their referral code, they'll also earn $75! While the landing page talks a lot about "refer a friend", new members can qualify whether referred or now.
The normal geographic area for membership is select counties of New Mexico; however, it is expanded to residents in Arizona, California, Colorado and Texas that are members of the American Consumer Council.
How To Earn The Bonus
The Sunward Federal Credit Union Personal Checking promotion requires you to make purchases using the account's card, and optionally, set up eligible direct deposits and set up bill pay in order to earn the up to $225 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
- New Member must be at least 18 years old, reside in the United States, and not have opened a primary membership account at Sunward within the last 180 days.
- Refering member must be at least 18 years old, have a valid email address and phone number, and must not have any unpaid debts, outstanding fees or delinquent accounts with Sunward.
- Qualifying Deposits include cash, checks, ACH direct deposits (payroll, pension or government benefits), and P2P transfers.
- All new members that meet eligibility and new member account requirements will receive one $225 reward, referred or not.
- Sunward employees are eligible to participate as a referring person but are not eligible to receive a $75 reward.
- Referral codes from an existing member must be submitted before the application is complete when applying for membership at a Sunward branch. If applying online, the referral code must be entered into the membership application form where indicated.
Open a Personal Checking account before the bonus expires on June 30, 2025
How does this personal checking offer from Sunward 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:
HSBC
HSBC Premier
- Bonus
- up to $3000
- Account Type
- Personal Checking
- Expires In
- 7 days
- Requires
- Min Balance
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 68 days
- Requires
- Direct Deposit
Truist
Truist One Checking
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 68 days
- Requires
- Direct Deposit
Why Sunward Federal Credit Union?
Quick Cash Checking
Unlimited free transactions at CU Anytime or CO-OP ATMsFees
Quick Cash Checking does not charge a monthly maintenance fee.
Money Manager Checking
Earn dividends on balances over $500 and Unlimited free transactions at CU Anytime or CO-OP ATMsFees
Money Manager Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the up to $225 bonus offer
How to Join Sunward 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 Sunward Federal Credit Union's membership requirements:
- Current and retired employees of partner companies and their family and household members.
- Family and household members of current members.
- Members of the American Consumer Council who are also residents in the following five states: NM, CA, AZ, TX, CO
- Anyone who lives, works, worships, volunteers, or attends school in Valencia County, NM
- Individuals in Edgewood, NM and surrounding areas who either receive their electric power from Central NM Electric Coop (CNMEC) or who receive water from Entranosa Water Association (EWWA).
- Members of the National Museum of Nuclear Science & History or the Albuquerque International Association
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.
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