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$175 New Checking Account and Credit Card Offer at NASA FCU (Easy Membership)

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NASA Federal Credit Union
NASA Federal Credit Union has a checking account promotion in which you can easily earn up to $175. To earn the full $175 requires the following:
  • $100 for Direct Deposit Checking
  • $25 for signing up for eStatements
  • $50 for getting a NASA Federal Visa Platinum credit card and making a purchase by 7/31/08
An additional $100 can be earned for taking out a loan of $5K or more, and another $25 can be earned for refering a new member. The offer ends on 6/30/2008.

The Direct Deposit Checking has no monthly fees with a recurring direct deposit. Otherwise, the fee is $5 (fee waived for first 2 months). There is no minimum initial deposit, and there are no minimum balance requirements. Another perk according to the promotion's small print is that the first box of checks is free.

NASA FCU has a record of offering very competitive certificate specials. One of its best CD deals from last year was a 5.65% 7-month CD (see post). So you might want to consider this checking promotion as a good opportunity to join the credit union so you can quickly jump on the next good CD special. I should note that in the last several months their certificate specials haven't been too competitive. Their current one is a 13-month CD with a maximum yield of 3.40% APY.

Commenters in past NASA FCU posts have mentioned that NASA FCU has done hard credit pulls via Equifax (which will slightly ding your credit score) during account opening.

In addition to many select employee groups, the credit union's field of membership includes several associations in which anyone can join. The National Space Society is one. The general membership cost is $20. The membership application for the credit union can be done online or it can be printed and mailed. A $5 minimum balance to your savings account is required for membership. Readers have mentioned in this July 2007 post that the online application requires a minimum $25 deposit to fund electronically.

Please note what is stated at the bottom of their Membership page:
Once you become a member of one of these associations and you join the Credit Union, you do not have to maintain your association membership in order to maintain your Credit Union membership.

This is typically true with all credit unions.

Branches are located in Maryland, Washington, DC and Virginia. The credit union is federally insured by the NCUA (Charter # 6328). It has $889.7 million in assets and 69,305 members.

Credit for this find goes to the Credit Union Deals blog.

  Tags: NASA Federal Credit Union, Virginia, Maryland, checking account

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
This is an excellent deal, Banking Guy, and a fine opportunity. Thank you for posting!

1
Comment #2 by Anonymous posted on
Anonymous
Does anyone know if ach push from ING or ING will satisfy the direct deposit requirement?

1