Michigan State University Federal Credit Union Promotions: $25, $250 Checking, Referral Bonuses [MI]

Find an updated list of Michigan State University Federal Credit Union promotions, bonuses, and offers here.

Update 11/5/24: There’s currently a $250 bonus for opening a checking OR money market account through 1/31/25. We’ve also found an alternative link to the offer for the two new branches at 1550 N. Clark St. and 2234 W. North Ave in Chicago valid through 1/31/25!

Michigan State University FCU Promotions Review

Michigan State University Federal Credit Union is the largest university-based credit union by membership and asset size in the world. Additionally, you get to take advantage of all the features and services that come with your new banking experience.

I’ll go over Michigan State University Federal Credit Union offers below.

Michigan State University Federal Credit Union $250 Checking Bonus

• What you’ll get: $250 bonus
• Where it’s available: MI
• Credit Inquiry: Soft Pull or Hard Pull?
• Credit Card Funding: Not stated
• How to earn it:
  • Receive up to $250 Just for Getting Paid
    • When you open a Totally Green Checking account and set up direct deposit, you’ll be rewarded with $100.
    • For even greater rewards, opt for our Money Market Checking with direct deposit and receive a $250 bonus.

(Expires 01/31/2025)

In addition, here is an alternative link to the offer for the two new branches at 1550 N. Clark St. and 2234 W. North Ave in Chicago valid through 1/31/25!

• Terms: Offer valid 11/1/24 to 1/31/25. To receive $100 bonus, member must open a Totally Green Checking account and set up direct deposit from their employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $1,000. To receive $250 bonus, member must open a Money Market Checking account and set up direct deposit from employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $2,000. Must maintain balance of $2,000 for 60 days after account opening. For both offers, first direct deposit must be set up and funded into member’s MSUFCU checking account by 10/31/24 and member must complete 10 transactions within 30 days of account opening. Bonus of either $100 or $250 will be deposited to the member’s CashBack+ wallet within 90 days of promotion end date. Not valid for members with existing or previously closed checking accounts. Not valid for funds already on deposit with MSUFCU. Bonus may be taxable and reported on an IRS Form. Annual Percentage Yield (APY) means a percentage rate reflecting the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period. The APY on the Money Market Checking is 1.25% for Tier 1 with a minimum balance of $2,000, 1.25% for Tier 2 with a minimum balance of $10,000, 1.50% for Tier 3 with minimum balance of $50,000, and 2.00% for Tier 4 with minimum balance of $100,000. This rate assumes that a set amount is on deposit at the beginning of the dividend period, that no deposits or withdrawals are made during the dividend period and funds remain on deposit for one full year at the same dividend rate. Fees may reduce earnings. Rates valid as of 10/24/24 and subject to change after account opening.

Michigan State University FCU $25 Referral Bonus

• What you’ll get: $25 bonus
• Where it’s available: MI (Bank Locator)
• Credit Inquiry: Soft Pull or Hard Pull?
• Credit Card Funding: Not stated
• How to earn it:
  • New member must open checking account
  • Activate his/her debit card within 30 days of account opening
  • Make 10 purchase transactions within 30 days of card activation for new and existing members to receive $25.
• When it expires: Does Not Expire

(Limited time offer)

Michigan State University FCU $100 Employee Bonus (Expired)

• What you’ll get: $100 bonus
• Where it’s available: MI
• Credit Inquiry: Soft Pull or Hard Pull?
• Credit Card Funding: Not stated
• How to earn it:
  • You must qualify for membership at MSUFCU through employment at the State of Michigan.
  • New checking account must be opened by 6/30/2021 and first direct deposit of at least $550 must occur within 6 weeks of account opening to qualify for offer.
  • Account must be active and in good standing to receive the bonus.
  • Then your $100 bonus will be deposited within 60 days of the first direct deposit.
• When it expires: 08/31/2021

(Offer expires 08/31/2021)

MSU Federal Credit Union $100 Checking Bonus (Expired)

• What you’ll get: $100 bonus
• Where it’s available: MI
• Credit Inquiry: Soft Pull or Hard Pull?
• Credit Card Funding: Not stated
• How to earn it:
  • MSUFCU members who graduate from Michigan State University in December 2023 will receive $100 deposited to their MSUFCU checking accounts when they add new direct deposits of their net paychecks ($500 or more) between 1/15/24 and 7/15/24.
  • Must have 2 consecutive direct deposits to qualify.

(Expires 07/15/2024)

How to Avoid Monthly Fees

• Totally Green Checking: None
• Classic Checking: $5, if account falls below $500
• Money Market Checking: $5, if account falls below $2,000
• Rebuild Checking: $10
• Business Spartan Saver: None
• Business IMMA: None
• Small Business Checking: None
• Standard Business Checking: $15, waive with $2,500 balance
• Business Money Market Checking: $25, waive with $25,000 balance
• Activity Business Checking: $20, waive with $10,000 balance
• Business Sweep: None

Author’s Verdict

Lastly, Michigan State University Federal Credit Union offers a variety of accounts available for you to maximize your savings with. While their personal checking accounts allows you to earn the bonus and gives you full access to a wide selection of features. I would only recommend this promotion if it triggers a soft pull.

Additionally, check out our bank bonuses page. Comparatively, Michigan State University Federal Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.

Furthermore, be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

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