TruMark Financial Credit Union has a nice checking account promotion in which you can earn up to $150 for opening one of its checking accounts and using some of its services. There is a free checking account, so you don’t have to worry about monthly fees eating away your bonus. The promotion is listed at the credit union’s promo page as of 5/28/2013. I don’t see an expiration date, but the small print does say that it’s a limited time offer. Below is a summary of what is required to earn the full $150 bonus:
- Must be a first-ever TruMark Financial checking account holder
- $50 - Begin direct deposit of at least $300 per month within 90 days of account opening to get $50
- $50 - Perform five signature-based debit card transactions within 90 days of account opening to get $50
- $50 - Enroll in free online Bill Payer and make at least one bill payment within 90 days of account opening to get $50
Below are some additional details listed in the credit union’s small print:
Premiums will be paid within 120 days of account opening. Limited time offer. Cannot be combined with any other offers. Offer subject to change or cancellation without notice. Offer applies solely to unique individuals as defined by the primary account holder’s SSN. Business accounts not eligible. Offer does not apply to existing TruMark Financial checking account holders or to persons who closed a TruMark Financial checking account within the last 12 months.
As I mentioned above, there is a free checking account. It’s the credit union’s Basic Checking, and it has no monthly maintenance fee and no minimum monthly balance requirement. One downside with the Basic Checking is that they don’t give any free usage of the STAR Network ATMs. Also, they charge 25 cents for each PIN-based debit card purchase.
The Plus and Premium Checking accounts don’t have the above downsides, but they do have monthly fees if certain balance requirements aren’t met. Another advantage is a CD rate bonus, but it’s only 0.05%. Some of their CD rates are moderately competitive.
You can review all of the features and potential fees of these checking accounts in the credit union’s checking page.
Credit Union Membership
According to the credit union’s Open an Account page, the following people qualify for TruMark Financial Credit Union membership:
anyone who lives, works, worships, volunteers, or attends school in the Southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia.
Membership requires maintaining at least a $5 balance in the regular savings account.
Credit Union Overview
TruMark Financial Credit Union branches are located in Philadelphia and in several of the surrounding cities, some of these include Jenkintown, North Wales, Richboro, Springfield and Upper Darby.
The credit union is also a participant in Shared Branching, a national and international network of credit unions which allows members of other credit unions to use their branches to conduct basic teller transactions.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 5.08% (excellent) based on December 2012 data. Please refer to our financial overview of TruMark Financial Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66158).
Other Credit Union and Bank Bonuses
We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.