Altra FCU (Easy Membership) Celebrates 85 Years With $85 Bonus


Availability: Easy Membership Requirement

Wisconsin-based Altra Federal Credit Union (Altra FCU) is celebrating its 85th Anniversary with an $85 bonus for new members who open an A+ Checking account between October 1 and October 8, 2016. No additional hoops to jump through - just open a new A+ Checking account and,

$85 will be deposited directly into new A+ Checking Account within 5-7 business days.

I first wrote about the A+ Checking account in 2007, and this reward checking account has fared well in the climate of falling rates. The A+ Checking account has been earning 2.25% APY on qualifying balances up to $15k for more than 3 ½ years. Qualifying balances over $15k earn 0.50% APY, with non-qualifying balances earning 0.10% APY.

2.50*%-$15kAltra Federal Credit UnionA+ Checking
OTHER TIERS: 0.40% $15k+
Rates as of January 22, 2019.

Qualification Requirements

  • Receive monthly A+ Checking Report Card and eStatement via email.
  • Log in to Online Banking at least once per cycle.
  • Receive one Direct Deposit of at least $50 per cycle.
  • Have at least ten Altra Visa Debit Card purchases per cycle.

A+ Checking is a fee-free account with no minimum balance requirement. ATM fees are reimbursed up to $20 per cycle. The external funds transfer policy has not changed since I last wrote about it in November 2014:

    Incoming transfers are free.

    Outgoing transfers are $5.00.

    Transaction limit of $2000.00. Daily limit of $2,000.00.

    No repeating dollar transactions within the same day.

Thanks to DA reader, Carpline, for his Forum post about this short-lived deal.


Headquartered in Onalaska, Wisconsin, Altra Federal Credit Union offers membership to virtually any U.S. citizen.

Easy Membership - Individuals who join the Altra Foundation are eligible for membership, regardless of residency status.

Residency - Individuals who live, work, worship, or attend school in specific census tracts in La Crosse, Wisconsin; Winona and Rochester, Minnesota; Smith County and the city of Tyler, Texas; or Montgomery County and the city of Clarksville, Tennessee are eligible to join.

Employment - Employees of Trane and/or Trane Authorized Dealers qualify for membership, as do employees of many SEGs.

Qualified Schools/Schools Districts - Individuals who work for or attend a variety of schools in Wisconsin, Minnesota, Tennessee, and Texas are eligible to join, as are their immediate family and household members.

Relationship - Immediate family and household members of current Altra FCU membership also qualify for membership.

Joining Altra FCU and/or opening an A+ Checking account can be done either online, or in person at any of the 18 branch locations in Arkansas (2), Colorado (1), Kentucky (1), Minnesota (3), New Jersey (1), Tennessee (2), Texas (3), and Wisconsin (5).

Altra FCU’s Membership Application is also available as a download and can be returned by snail mail.

Credit Union Overview

Altra Federal Credit Union (NCUA Charter # 24077) has an overall health grade of "A" at, with a Texas ratio of 7.54% (excellent), based on June 30, 2016 data. In the past year, Altra FCU has increased its total deposits by $75.57 million, an excellent annual growth rate of 8.14%. Please refer to our financial overview of Altra Federal Credit Union for more details.

Altra Federal Credit Union was founded in 1931 as the Trane Employees Credit Union, by 33 Trane employees who pooled together $179. Altra Federal Credit Union is currently Wisconsin’s 10th largest credit, with more than 90,600 members and assets in excess of $1.2 billion. The “Altra” name in was chosen in 2005,

to reflect the increased diversity of our membership while honoring our
history by combining the words alliance, Trane, allegiance, and tradition.

The above rates are accurate as of 10/4/2016.

Other Bank Promotions and Bonuses

Did you miss out on Altra Federal Credit Union’s $85 A+Checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, readers and I also post often on bonuses in the Bank Promotions Forum.

A+ Checking’s Long History as a Top Reward Checking Account

Many reward checking accounts haven’t held up well over the long term. In many cases rates and balance caps have fallen by so much that they’re no longer worth the effort. That’s not the case with Altra Federal Credit Union. I first reported on its reward checking account (called A+ Checking) in 2007. After all of these years, Altra continues to offer this A+ Checking, and the rate and balance cap are still competitive. In addition, the credit union has made it easier to become a member.

Continue Reading
Special 18-Month CD Rate at Altra Federal Credit Union in Parts of WI, MN, TN & TX

Altra Federal Credit Union continues to offer a competitive special 18-month CD. The top rate is 2.00% APY. This requires a checking account with direct deposit. Otherwise, the rate falls to 1.50% APY. Minimum deposit is $1,000. These rates are listed in the credit union's rates page as of 4/27/2011.

Here's how the small print describes the step-up and add-on features of this special CD:

In my opinion, the add-on feature can be more useful than the step-up feature since the step-up feature depends on the institution keeping its rates competitive. The...

Continue Reading
Competitive 18-Month CD Rate at Altra FCU in Parts of WI, MN, TN & TX

Altra Federal Credit Union is offering a special 18-month CD with both a step-up and add-on feature. The top rate is 2.10% APY. This requires a checking account with direct deposit. Without this the rate is 1.70% APY. There's also an 8-month special CD. The rates are 1.50% APY with the checking and 1.10% without the checking. These rates are listed in the credit union's rates page as of the morning of 5/10/2010.

Here's how the small print describes the step-up and add-on features of these special CDs:

Continue Reading
High-Yield Reward Checking Account at a Multi-State CU (Altra)

Update 4/1/11: The top yield has fallen to 2.50% APY. Refer to the bottom of the post for the rate history.

Altra Federal Credit Union has a reward checking account called Altra Plus A+ Checking that pays 2.50% APY on balances up to $25,000 (0.50% for over) and refunds ATM fees (up to $20/cycle) if the following monthly requirements are met: 1) 10 check card purchases, 2) one direct deposit of at least $50, 3) access online banking, and 4) receive eStatements. If these are not met, the rate falls to...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.