Dedicated to Deposits: Deals, Data, and Discussion

$75 Checking Account Bonus at a Credit Union Open to All


Christian Community Credit Union is offering a $75 bonus for opening their interest checking account with direct deposit. There are no monthly fees with direct deposit or with a $750 minimum balance. You must sign up for direct deposit within 90 days of opening your account. There are also two additional small bonuses: $10 bonus for using Bill Payer and $5 bonus for signing up for e-Statement.

The credit union also has a CD and a money market promotion. They are offering a 6% APY 7-month certificate. Only one account per member is allowed and the deposit can only be $2.5K. The money market promotion has a special 5% APY for the first 6 months. There's a deposit limit of $2.5K. The minimum is $1K.

I consider the $75 direct deposit bonus better than the CD and money market promotions. The CD special will earn you about $14 over a similar CD at a place like VirtualBank. The money market account special will make you about $6 over what you would make at EmigrantDirect for those 6 months. After the promotions are over, the rates are not too competitive. But if you do the direct deposit bonus, you matter as well go for these promotions also.

Christian Community Credit Union is similar to America's Christian Credit Union that I posted on last week in that their field of membership includes anyone who affirms a personal statement of faith. If you're not a Christian, but put money over faith, I suppose you could still join :-)

The only problem with this credit union is that they're not NCUA insured. Like Patelco Credit Union, they are privately insured by American Share Insurance.

The credit union is located in Covina, California and is a member of the CU Service Centers.

Thanks to the commenter who noted these credit union specials in the finding deals post.

Comment #1 by Anonymous posted on
Just a note to say that America's Christian Credit Union IS FULLY INSURED BY THE NCUA, up to $100,000. The ASI adds additional insurance up to $100,000. So basically you can have $200,000 here insured.

Yes, I do work there, but don't have a blogger account or a Web page. You can call us at 800-343-6328 to verify this yourself. Thank you for mentioning our great deal!

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. My post on America's Christian Credit Union is here and I do include the NCUA info. I just mentioned this credit union in regards to Christian Community Credit Union since they both have a similar field of membership.

Please let us know when you have a new deposit rate special.