Credit Union 1 Promotions: $100, $500, $1,000 Checking, Savings Offers [Nationwide]

Take a look at the latest Credit Union 1 promotions, bonuses, and offers here.

Right now, they are offering a $100, $500, $1000 bonus when you open a new checking account and meet the requirements.

Credit Union 1 Promotions Review

Credit Union 1 is a credit union based in Rantoul, Illinois. Its service area spans the Chicago metropolitan area, the northern and central regions of Illinois, the Indianapolis metropolitan area, and the Las Vegas metropolitan area. CU1 serves approximately 89,000 members throughout Illinois, Indiana and Nevada.

I’ll go over Credit Union 1 offers below.

Credit Union 1 $1,000 Savings Bonus

• What you’ll get: $1,000 bonus
• Availability: Nationwide via $5 membership. Branches in IL, IN, NV
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull or Hard Pull? Let us know
• Monthly fees: None
• Early Termination Fee: Bonus forfeit, 12 months
• How to earn it:
  • Get a $1,000 Bonus when you open a High Yield Savings Plus Account (HYS+) with Credit Union 1 and deposit NEW money over $100,000!

(Limited time offer)

Fine Print

• This is a limited time offer and cannot be combined with any other offers.
• The $1,000 bonus (Bonus) will be deposited into your CU1 High Yield Savings Plus (HYS+) account at the end of the business day on the day you open the HYS+ account by making a minimum $100,000 deposit balance of new money from a competitor financial institution to earn dividends.
• The $1,000 bonus will start earning interest immediately but not be eligible for withdrawal until the account has a balance of $100,000 or greater for twelve (12) consecutive calendar months from the date of opening of the HYS+ account.
• Bonus is considered interest and will be reported on 1099-INT.
• Offer may be cancelled at any time without notice.
• Account Closure: If the HYS+ account is closed by the member or Credit Union1 or balance drops below $100,000 within 12 months after opening, Credit Union1 will deduct the Bonus from the HYS+ account at closing.

Credit Union 1 $500 Checking Bonus

• What you’ll get: $500 bonus
• Availability: Nationwide via $5 membership. Branches in IL, IN, NV (Bank Locator)
• Direct deposit requirement: Yes
• Credit Inquiry: Soft Pull or Hard Pull? Let us know
• Monthly fees: Varies; see section below for more details
• Early Termination Fee: Bonus forfeit, 12 months
• How to earn it:
  • Open a CU1 Checking Account using promo code CHK500
  • Establish direct deposit activity within 90 days of account opening or by July 31st, 2023 of $1,000 per month.
  • The $500 bonus will be deposited into your account following three (3) consecutive months of qualifying activity.

(Offer expires 07/31/2023)

Fine Print

• To redeem this offer you must use Promo Code: CHK500 before July 31, 2023.
• Offer not available to existing members who already have direct deposit coming into a CU1 account, those whose accounts have been closed within 90 days, or closed with a negative balance within the last 3 years from the date of use of the Promo Code.
• Promo Code is only good for one-time use and is not redeemable with any other offers.
• To receive $500 bonus: (1) Within 90 days of use of the Promo Code, you must establish a recurring direct deposit into a new or existing CU1 checking account and the recurring direct deposit must result in a minimum aggregate total direct deposit of $1,000 per month being received into the new or existing CU1 checking account for three consecutive months beginning on the date of the use of the Promo Code. (2) The three consecutive months must be accomplished before the expiration of one-hundred eighty days from the date of use of the Promo Code. (3) Your direct deposit must be from an electronic deposit of your paycheck, investment account, pension or government benefits (such as Social Security) distribution from your employer or government agency.
• Person to Person transfers or payments and wire transfers or any other non-recurring electronic deposit are not considered a recurring direct deposit.
• Bonus will be paid by deposit into your CU1 checking account within 30 days of meeting all qualifying criteria.
• To receive the bonus, the checking account must not be closed or restricted at the time of payout.
• Bonus is considered interest and will be reported on 1099-INT.
• This offer may be cancelled or amended at any time without notice.
• Account Closure: If the checking account is closed by the member or by CU1 within 12 months after opening, we will deduct the bonus amount from the checking account at closing.

Credit Union 1 $500 CD Bonus (Expired)

• What you’ll get: $500 bonus
• Availability: Nationwide via $5 membership. Branches in IL, IN, NV
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull or Hard Pull? Let us know
• Monthly fees: None
• Early Termination Fee: Bonus forfeit if closed before maturity
• How to earn it:
  • Get an up to $500 Bonus2 when you open a 44-Month Share Certificate. There is a $1,000 minimum balance requirement to open the Share Certificate, and you can receive a bonus payment2 when you deposit NEW money over $100,000!
    • $100,000 – $249,999 deposited | $250 one-time Bonus Payment
    • $250,000 and over deposited | $500 one-time Bonus Payment

(Limited time offer)

Fine Print

• To be eligible to open the Special 44-Month Share Certificate and receive the one-time Bonus Payment, you must meet the following eligibility criteria:
• Less than $99,999 deposited| Not Eligible for Bonus Payment.
• $100,000 – $249,999 deposited | $250 one-time Bonus Payment.
• $250,000 and over deposited| $500 one-time Bonus Payment.
• Must be opened with “New Money”. “New Money” is defined as money not on deposit with Credit Union 1 within the last 12 months and transferred in from a different financial institution – no Credit Union 1 to Credit Union 1 balance transfers allowed at any time. Money withdrawn from Credit Union 1, then redeposited within a 12-month period from the date of withdrawal will not qualify as “New Money”.
• All accounts you have with Credit Union 1 must be in good standing at the time the Special 44-Month Share Certificate with one-time Bonus Payment is opened.
• Limitations: You are limited to receive only one (1) Bonus Payment no matter how many Special 44-Month Share Certificates you open. The one-time Bonus Payment will be paid by deposit into your CU1 Primary Savings account within 30 days of meeting all the eligibility criteria. The one-time Bonus Payment is considered interest and will be reported on a 1099-INT. The Special 44-Month Share Certificate with one-time Bonus Payment offering may be cancelled at any time without notice.
• Account Closure: If the Special 44-Month Share Certificate with one-time Bonus Payment is closed by the member or by the credit union before the maturity date, there is an early withdrawal penalty and the one-time Bonus Payment shall be forfeited. At early the withdrawal/termination, the credit union will deduct the early withdrawal penalty and the one-time Bonus Payment amount, which may reduce the amount of principal you receive at that time. We may impose a penalty if you withdraw funds from your account before the maturity date. The early withdrawal penalty for the 44-month share certificate is 270 days’ dividends as well as the Bonus Payment amount, if any.

Credit Union 1 $100 Student Checking Bonus

• What you’ll get: $500 bonus
• Availability: Nationwide via $5 membership. Branches in IL, IN, NV
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull or Hard Pull? Let us know
• Monthly fees: Varies; see section below for more details
• Early Termination Fee: Bonus forfeit, 12 months
• How to earn it:
  • Open a CU1 Checking Account. Open a checking account with CU1 online and use Promo Code CHK100, at your local branch or by calling us today! Call our team to mention the “$100 checking offer”.
  • Download and Login to Mobile Banking. Login to online banking or the mobile app within 14 days of account opening.
  • Receive your $100 checking bonus. The $100 bonus will be deposited into your account once you’ve logged into online banking.

(Limited time offer)

Fine Print

• To redeem this offer you must use Promo Code: CHK100.
• Offer not available to existing members, or former CU1 accounts that have been closed within 90 days, or closed accounts with a negative balance within the last 3 years from the date of use of the Promo Code.
• Promo Code is only good for one-time use and is not redeemable with any other offers.
• To receive the $100 bonus: (1) New CU1 Membership with checking account must be established at the time of use of Promo Code. (2) Within 14 days of use of the Promo Code, you must login to CU1 Digital Banking.
• Bonus will be paid by deposit into your CU1 checking account within 7 days of meeting all qualifying criteria.
• To receive the bonus, the checking account must not be closed or restricted at the time of payout.
• Bonus is considered interest and will be reported on 1099-INT.
• Offer may be cancelled at any time without notice.
• Account Closure: If the checking account is closed by the member or by CU1 within 12 months after opening, we will deduct the bonus amount from the checking account at closing.

How to Avoid Monthly Fees

• Free Student Checking Account: No monthly service fee
• Express Checking Account: No monthly service fee
• Express Plus Checking Account: No monthly service fee when Minimum Account Requirements met
  • Account Minimum Requirements
    • Minimum Deposit to Open: $500
    • Minimum Balance to Earn Dividends: $.01
• Express Premium Plus Checking Account:
  • Account Minimum Requirements
    • Minimum Deposit to Open: $500
    • Minimum Balance to Earn Dividends: $.01
    • $50,000 or greater Credit Union 1 relationship
• Business Express Checking: If balance falls below the $1,500 minimum average daily balance requirement, there is a $10.00 fee per month. Waived if Merchant Services are deposited into the account.
• Business Express Plus Checking: If balance falls below the $5,000 minimum average daily balance requirement, there is a $15.00 fee per month. Waived if Merchant Services are deposited into the account.
• Business Express Premium Plus Checking: If balance falls below the $25,000 minimum average daily balance requirement, there is a $50.00 fee per month. Waived if Merchant Services are deposited into the account.

Author’s Verdict

If you qualify for this Credit Union 1 $500 Checking Bonus, definitely give it a shot! Requirements are very simple for this bonus offer. If you have any info regarding the ability to fund the account with a credit card, early account termination fees, or the credit inquiry, please let us know!

For more current offers, check out our bank bonuses page. Compare Credit Union 1 rates for CDs and Savings with our best rates for Savings and CD accounts.

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