Addison Avenue Federal Credit Union has a $100 checking bonus offer in which you can earn $100 for opening your first Addison Avenue checking account with direct deposit. The offer ends on January 31, 2008. The bonus will be credited to your account by February 29, 2008.
Both the Checking Plus or Premier Checking accounts qualify. The Checking Plus is a free checking account with no monthly fees. Bill pay is free and for members 50 and over, checks are free. Premier Checking has a $15/month fee unless you maintain a $10,000 balance.
The credit union also has a free Electronic Funds Transfer service which allows you to initiate ACH transfers.
Another perk for joining this credit union is access to Zopa CDs which currently have a 5.10% APY for a one year term (see post).
Membership is open to members of the Financial Fitness Association. According to the credit union's Eligibility page:
If you are not eligible to join through one of our sponsor groups below, you can qualify for membership by joining the Financial Fitness Association. It's only $5.00 to join this not-for-profit organization. To sign up, go to www.financialfitnessassociation.org, click 'Join Now', and follow the instructions.
Membership can be opened online. A minimum deposit of $5 is required in the Daily Share Savings Account. The application allows you to fund the accounts online with an ACH transfer or with a credit card. According to the instructions, your acount will be activated immediately upon funding.
Since the credit union was started for HP employees, it has branches located throughout the US including Palo Alto and San Diego, California; Vancouver, Washington; Corvallis, Oregon; Boise, Idaho; Fort Collins, Colorado; Houston, Texas; Atlanta, Georgia; Andover, Massachusetts; Nashua, New Hampshire; Wilmington, Delaware, and in Puerto Rico.
The credit union is federally insured by the NCUA (Certificate # 19976). It's a large credit union with $2 billion in assets and 139,094 members.