Dedicated to Deposits: Deals, Data, and Discussion

$120 Checking Account Bonus at an Indiana CU (Advance Financial)


Advance Financial FCU is offering a checking account promotion in which you can earn $120. You can receive $70 automatically when you open a Better Than Free Checking account between 7/30/07 and 8/04/07. An additional $25 can be earned for direct deposit of at least $25 between 7/30/07 and 9/15/07. Sign up for and utilize the bill pay service between 7/30/07 and 9/15/07 and receive another $25. Checking account, direct deposit and bill pay must remain open for a minimum of six months or the cash incentives will be debited from the checking account at closing. All cash incentives will be considered interest and reported on IRS Form 1099-INT.

They also have a 7% APY 7-month CD special, but this deal is seriously hurt by the low maximum deposit of $700. With only $700, you'll just earn about $8 over a 5% savings account.

Membership is open to anyone who lives, works, worships, volunteers or attends school Lake County, Indiana. You can also be eligible via family members (and not just immediate family). See their membership page for the full details. Membership requires a minimum deposit of $5 into the regular share savings account.

Branches are located in the Indiana cities of East Chicago, Schererville and Gary. The credit union is federally insured by the NCUA (Charter # 24078). It has $126.5 million in assets and 19,695 members.

  Tags: Indiana, checking account

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Comment #1 by Anonymous posted on
Good news.
The account can be opened by mail.
They require the copies of the drivers license and the SS card.
It seems you can open the account no matter where you live.

Comment #2 by Anonymous posted on
CSR said I needs to be at the branch to open the checking account. Plus, they require drivers license and utility bill (I guess you have to live in IN).

I have not try to mail in app. Could anyone confirm if their accept non-IN resident?