Here you will find the latest Purdue Federal Credit Union promotions, bonuses, and offers here.
Update 1/31/25: The $400 checking bonus has been extended through 12/31/25.
Purdue Federal Credit Union Promotions Review
Headquartered in West Lafayette, Ind., Purdue Federal Credit Union was founded on the Purdue University campus in 1969 by a group of Purdue employees searching for a place where they, their families and their fellow employees could save and borrow money safely, confidentially and at a fair rate of interest.
Eligibility: Purdue alumni, relatives of current members, and employees of our business affiliates are eligible for Purdue Federal membership. See membership details |
I’ll go over Purdue Federal Credit Union offers below.
Purdue Federal Credit Union $400 Checking Bonus
- What you’ll get: $400 bonus
- Availability: IN (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull or Hard Pull?
- Monthly Fees: None
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- Open a new checking account.
- Enroll in paperless statements.
- Receive $4,000 or more in ACH deposits within 120 days of account opening.
- Bonus will be deposited into checking account within 10 business days after all conditions have been met.
(Expires 12/31/2025)
Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Fine Print
- $400 bonus offer valid January 1, 2025 to December 31, 2025 for accounts opened with a Lake or Porter County, Indiana zip code or those who meet other qualifiers for membership through LaPorte County, Indiana.
- To qualify for bonus, accountholder must be 18 years or older, new to Purdue Federal, eligible to open a new checking account, have direct deposit, and enroll in paperless statements.
- $5 deposit in Member Ownership Share required. $25 minimum opening deposit for checking account required.
- Direct Deposit is defined as an aggregate of $4,000 or more in ACH deposits within 120 days of account opening.
- Bonus will be deposited into checking account within 10 business days after all conditions have been met.
- Social Security Number required for accountholder to receive bonus. Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Existing members, HSA accounts, and business accounts not eligible to receive bonus offer.
- If the account is closed within 6 months of account opening, the $400 bonus will be deducted from the account at closing.
- This offer cannot be combined with any other promotion. Membership can be opened in one of our branches or online at purduefed.com.
Purdue Federal Credit Union $100 Savings Bonus
- What you’ll get: $100 bonus
- Availability: IN (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Card Funding: None listed
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- Open an Emergency Savings Account
- Set up monthly auto transfers at any amount
- Earn $50 bonus when your month-end emergency savings balance is equal to or greater than $500
- Three auto transfers set set up by a Purdue Federal staff member
- Get another $50 boost when your month-end emergency savings balance is equal to or greater than $1,000
- When it expires: None listed
(Limited time offer)
Chase Business Complete Checking® ($300 or $500 Bonus) | U.S. Bank Business Checking ($500 or $900 Bonus) |
Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
Bluevine Business Checking ($300 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
Axos Bank Business Interest Checking ($400 Bonus) | Axos Business Premium Savings ($375 Bonus) |
Purdue Federal Credit Union $50 Referral Bonus
- What you’ll get: $50 bonus
- Availability: IN
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Card Funding: None listed
- Early Termination Fee: Bonus deducted if closed within 6 months
- How to earn it:
- Log in to digital banking.
- Click Refer a Friend under Accounts
- Enter your friend’s email address to send an invitation with your personal code.
- $50 cash bonus will be credited to the primary share savings account within 10 business days after the Referred has opened their qualifying Purdue Federal membership.
(Limited time offer)
Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Purdue Federal Credit Union $150 Checking Bonus – SEG Employees
- What you’ll get: $150 bonus
- Availability: IN (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Card Funding: None listed
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- To earn the $150 bonus:
- Start by applying online or in a branch.
- Open a savings account and deposit your $5 membership share in the credit union.
- Open a checking account and deposit your $25 minimum for account opening.
- Complete the qualifications:
- Have direct deposit, debit card, make 10 transactions, and enroll in paperless statements.
- Bonus will be deposited into primary share savings account within 10 business days after all conditions have been met
- To earn the $150 bonus:
- When it expires: 12/31/2022
(Limited time offer)
Truist Checking ($400 bonus) | KeyBank Checking ($300 bonus) |
How to Avoid Monthly Fees
- Sensible Checking Account: None
- Student Checking Account: None
- Ivy Tech Student Checking: None
- Business Checking: $5, waived w/ paperless statements
- Commercial Checking: $5, waived w/ paperless statements
- Dividend Checking: $5, waived w/ paperless statements
- Gold Checking: $5, waived w/ paperless statements
- Nonprofit Checking: $5, waived w/ paperless statements
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Author’s Verdict
This is a rather generous bonus so I would be sure to check it out if you have a Purdue Federal Credit Union location near you. However, I would only recommend opening an account if it triggers a soft pull, so check with a CSR to find this out.
For more current offers, check out our bank bonuses page. Compare Purdue Federal Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.
Additionally, you may want to compare this offer to bigger banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
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