Dedicated to Deposits: Deals, Data, and Discussion

$100 Checking Account Bonus at People's Trust FCU in Texas


Peoples Trust Credit Union (MI)
People's Trust FCU has a checking account promotion with up to a $100 bonus. There's no direct deposit requirement, but it does require some work and some time. The offer is available through June 30, 2009. Below are the requirements to receive the full $100 as listed in the credit union's promotion page:
  • Open a Classic Checking account with a minimum $20 deposit
  • Opt for e-Statements and a VISA debit card
  • Make 5 signature-based debit card purchases per month, and for each month this is done, you'll receive $25 for up to 4 months
It's only available to members who don't already have a People's Trust checking account, and it's limited to one $100 bonus per household. Also, the bonus is subject to income tax reporting.

In addition to this checking account promotion, the credit union continues to offer a low-max CD deal called the 5-5-5 Term Share Certificate. As of 6/07/09, it offers a 5% APY for 5 months for a maximum deposit of $5,000. It also allows unlimited deposits up to a maximum $5,000 balance. Refer to my last year's post for more details on this CD.

Credit union membership is open to members of the People's Trust Foundation which appears to be open to anyone. The foundation membership costs $5. More details are described in the credit union's How-to-Join Page. You can be eligible to join the credit union without joining the foundation if you live or work within the Houston city limits. Employees of Shell and other Select Employee Groups can also qualify for membership. Refer to the credit union's Who-Can-Join Page for more details. Credit union membership requires a minimum $5 deposit in the savings account.

A reader who emailed me info on this checking promotion mentioned that he was able to join by mail via this foundation membership. However, the credit union requires that the application be notarized. He was helped by his local credit union which is part of the same credit union network as People's Trust. These credit union networks can make it easy to make deposits. Even with the help of his local credit union, People's Trust didn't make it easy to join and open accounts, and he decided it wasn't worth the effort. So even though this promotion is technically a nationwide deal, it's definitely much easier if you live near one of their offices.

Branches are located in Houston, TX. The credit union is federally insured by the NCUA (Charter # 177).

Thanks to the reader who emailed me info on this checking promotion.

To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.

  Tags: Peoples Trust Credit Union (MI), Texas

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