Alden CU's (Easy Membership) Offers "Nuff Said Checking"


UPDATE 10/3/2016: Easy Membership Requirement has been narrowed.

Availability: Residents of Hampden or Hampshire Counties, Massachusetts, and members of the American Consumer Council who live within a 100 mile radius of the main branch.

Massachusetts based Alden Credit Union’s (Alden CU) Nuff Said Checking account earns 5.125% APY on qualifying balances up to $5k. Unlike most Rewards Checking Accounts (RCA), the Nuff Said Checking does not offer any interest on balances (qualified or not) over the stated cap.

Qualifying Requirements

  • At least 20 POS or signature-based Debit Card transactions per billing cycle
  • Set up Direct Deposit
  • Enroll in eStatements and Online Banking/Mobile Banking

The Nuff Said Checking account has no monthly service fee, no minimum balance requirement, and no checks are issued. The minimum opening deposit is $10.


Headquartered in Chicopee in Western Massachusetts, Alden Credit Union offers membership in a variety of ways to virtually anyone in the U.S.

Residency: Individuals who live, work, worship, or attend school in the Massachusetts counties of Hampden or Hampshire are eligible to join.

Relationship: Family members (defined in this instance as parents, siblings, children, and spouses) of current Credit Union members also qualify for membership.

Easy Membership: Alden CU has expanded its field of membership to include anyone who is a members of the American Consumer Council (ACC) who live "within a 100 mile radius of our main branch." The "Membership Eligibility” section on the first page of Alden CU’s online application reads,

Please enroll me in the American Consumer Council (ACC) so that I may open an account with Alden.
I understand the ACC provides consumer education to its members and once I am a member of ACC I am eligible for membership with Alden. Alden will handle everything including the fee to join the ACC.

Joining Alden CU and/or opening a Nuff Said Checking account can be done online, or at any of the two Massachusetts branches, both located in Chicopee.

Credit Union Overview

Alden Credit Union (NCUA Charter # 69751) has an overall health grade of "B+" at, with a Texas Ratio of 9.98% (excellent) based on March 31, 2016 data. In the past year, Alden CU has increased its total deposits by $4.91 million, an excellent annual growth rate of 4.37%. Please refer to our financial overview of Alden Credit Union for more details.

Alden Credit Union was originally established in 1939 as the Aldenville Credit Union, taking its name from a community within the city of Chicopee, Massachusetts. The Credit Union re-branded in 2011 and began an expansion which included a change in the field of membership, allowing out-of-state residents to join. Alden Credit Union is currently the 45th largest credit union in Massachusetts, with more than 21,200 members and assets in excess of $143 million.

How the Nuff Said Checking Compares

When compared to the 43 High Yield Reward Checking Accounts (RCA) tracked by, which are available nationally and have maximum qualifying balances of at least $5k, Alden Credit Union’s Nuff Said Checking APY currently ranks first.

The above rates are accurate as of 8/26/2016.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.

  |     |   Comment #1
*** Must be a monthly cycle employer direct deposit - no exceptions. Said $5,000 + balances earn zero interest so keep balance below $5,000 (seemed uncertain as to whether it was just the portion above $5,000 or not)...
  |     |   Comment #2
The above comment is inaccurate.  Direct deposit is NOT limited to only "employer direct deposit - no exceptions".

'Nuff said disclosures:

*Must enroll in Online Banking, Mobile Banking, eStatements and Direct Deposit. No Checks will be issued with this account. Must have a Debit Card with 20 transactions per statement cycle. Interest is earned up to $5,000 only. After that the account will earn .10% on balances. APY is 5.125%.

Jennifer Alves Faustino - VP Retail Operations - Alden Credit Union
  |     |   Comment #3
That was what the Alden CU rep said to me on the phone - verbatim - please explain what will meet the cycle requirement  for direct deposit if a direct deposit is not actually necessary as stated in your terms.
  |     |   Comment #4
The CU rep did NOT say that a direct deposit was not required; she said that an "employer" direct deposit was not required.  There are all kinds of other direct deposits--social security, annuity income from insurance companies, bond income, etc.  I get all those monthly. 
Alden CU (Easy Membership) Adds 12-Month CD Special
Availability: Easy Membership Requirement

Alden Credit Union (Alden CU) began the week by adding a new 12-month CD Special (1.26% APY) to its product line. The minimum deposit is $1k of new money, with no stated balance cap, although DA reader, cumulus, noted in his Forum post that Alden CU’s Savings Rates page states,

Please call (413) 536-0475 for rates on CD’s over $100,000.00 and for SPECIAL rates.

The 12-month CD Special is also offered as an IRA (Traditional) earning the same APY, with the same funding requirements.

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