NuVision Federal Credit Union continues to have a $150 checking account promotion. It has been over a year since my last report on this. It’s advertised on the credit union's home page. The details are listed in this NuVision promotions page as of 10/24/2012.
The first $50 requires that you open a free checking account and establish direct deposit of at least $200 within the first 90 days. Also, eStatements must be established and maintained.
The second $50 requires that you keep the checking account active by having a minimum of 5 signature-based debit card purchases per month for the first 3 months.
The third $50 requires setting up online bill pay and making at least 3 bill payments per month for the first 3 months.
Some of the important details in the small print include:
Limit one (1) of each offer per member. Limited to new NuVision checking accounts only. Existing NuVision checking account members and members who have ever had a NuVision checking are not eligible.
Also in the small print it states who is eligible for this offer:
Checking promotional offer valid only for Southern California residents within ZIP codes 90000-93591 and Arizona residents within ZIP codes 85117–85299. [...] Must visit a NuVision Branch to redeem rewards.
Please refer to the credit union's promotions page for the full details.
Minimum to open a Free Checking account and obtain this offer is $100. The free checking account has some features that can make it a good account for the long-term. NuVision Federal Free Checking has no minimum balance requirements. The first order of 150 NuVision Federal Checks are free. The credit union is a member of the CO-OP ATM network which gives NuVision members free access to ATMs nationwide.
NuVision Federal Membership
According to the credit union's "Am I Eligible" page:
As a consumer, you may be eligible to join our credit union through the American Consumer Council (ACC). Please visit ACC’s website at: www.americanconsumercouncil.org for more information on membership eligibility.
One interesting thing to note is that the credit union reworded this. The following used to be on this page:
If you do not qualify based on the above criteria, no problem! At the same time we open your membership at NuVision, we will enroll you in the American Consumer Council (ACC) at no initial cost to you. NuVision handles everything so you can start earning the benefits of NuVision membership right away.
This change may be the result of warnings from the NCUA.
Even though anyone can qualify for membership, don't forget this checking account promotion is limited to "Southern California residents within ZIP codes 90000-93591 and Arizona residents within ZIP codes 85117–85299."
NuVision Federal branches are located throughout the Los Angeles metro area. There's also a branch in Mesa, Arizona, but it's only accessible to Boeing employees.
The credit union is part of the shared branch network CU Service Centers which allows you to conduct many banking transactions from other credit unions around the nation that are also part of this network.
Credit Union Overview
The credit union has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 5.06% (excellent) based on June 2013 data. Please refer to our financial overview of NuVision Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 566).