United States Senate Fed Credit Union Has New Member Bonus Up To $200

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Deal Summary: New Member Bonus, up to $200, available through 3/31/2022.

Availability: Easy membership requirement

Now through March 31, 2022, United States Senate Federal Credit Union (USSFCU) is offering a bonus up to $200 for new members. As stated on the New Members Bonus page, the $200 bonus is actually three separate bonuses:

Become a Member: Get $25

    Join USSFCU by opening a Primary Savings Account with a minimum balance of $5.00 and paying the one-time membership fee of $1.00. Use promo code BONUS when opening your new account to enroll in this offer.

Add Checking: Get $25

    Open a Senate Checking Account and opt to receive your free Visa® Debit Card within 5-business days of your application.

Set Up Direct Deposit: Get $150

    Set up and receive a direct deposit of $250 or more to your new USSFCU Senate Checking Account within 30-days of membership application.

All bonuses will be directly deposited into new member’s Primary Savings Account within 60 business days of membership application date.

Senate Checking Account

The Senate Checking account is a non-interest bearing account that has no minimum balance or minimum opening deposit requirements. It's a free checking account with no monthly service fees. It offers free mobile, online, and telephone banking services, as well as unlimited fee-free check writing and eNotices. Four free non-USSFCU ATMs transactions are allowed per month, with each subsequent non-USSFCU ATM during the month incurring a $1 fee.

Availability

Headquartered in Alexandria, Virginia, United States Senate Federal Credit Union offers membership “via sponsorship or contribution.”

Easy Membership Requirement – Members of the United States Capitol Historical Society (minimum $65 contribution) are eligible to join USSFCU. Membership in the American Consumer Council, Virginia Chapter (VACC) was been added to the field of membership more than two years ago. Using the Promo Code “USSFCU” waives the $8 VACC Membership Fee. Joining either organization must be done prior to completing the USSFCU application. More details are available on USSFCU’s website.

Employment Sponsorship - Current employees and retirees of more than 140 SEGs, including The United States Senate, The United States Supreme Court, The Government Accountability Office, Democratic National Committee, qualify for membership.

Family Sponsorship - Immediate family members (spouse, child, sibling, parent, grandparent, or grandchild) of an existing USSFCU member or current employee of an SEG are eligible to join, as are household members of the same.

Joining USSFCU and applying for the New Member Bonus can be done online (using promo code, BONUS) or at either of two District of Columbia branches or two Alexandria, Virginia branch locations. (Note: The Hart Senate Office Building branch and the US General Accounting Office branch both have restricted access.) A secure application can also be requested by calling 800.374.2758 or sending an email to [email protected]

Open a Primary Savings account with a minimum $5 deposit establishes a new USSFCU membership.

Thanks to our partnerships with Allpoint, CO-OP, CULIANCE, and our most recent addition, the NYCE® Network, you can get access to your funds at thousands of ATMs and shared branches throughout the United States and the rest of the world.

Credit Union Overview

United States Senate Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.31% (excellent), based on September 30, 2021 data. In the past year, USSFCU increased its total non-brokered deposits by $73.62 million, an excellent annual growth rate of 7.46%. Please refer to our financial overview of United States Senate Federal Credit Union (NCUA Charter # 624) for more details.

In 1935, seven individuals pooled their resources and obtained a charter for the United States Senate Employees Federal Credit Union. The original FOM was exclusive to U.S. Senate employees, but was expanded through mergers with the General Accountability Office Federal Credit Union, the DC Unemployment Federal Credit Union, and the American Trucking Association Federal Credit Union. The United States Senate Federal Credit Union rebrand occurred in 1990 in an effort to reflect the changing membership. USSFCU is currently the 14th largest credit union in Virginia, with more than 43,000 members and assets in excess of $1.1 billion.

Bottom Line

By joining USSFCU, opening a Senate Checking Account, and agreeing to receive free Visa® Debit Card, you can earn $50. It doesn’t get much easier than that. Earning $50 in an online savings account offering the current top rate of 0.65% APY would require about $7.7k on deposit for a year.

While setting up and receiving a direct deposit with 30 days of membership application could be problematic (processing time for a direct deposit request with employer or government agency, making sure the pay date will fall within the 30-day window), it is doable and worth the effort to earn the full $200 bonus. Earning $200 in an online savings account offering the current top rate of 0.65% APY would require about $31k on deposit for a year.

If you don’t qualify for the USSFCU bonus, check out DA’s list of the best savings and checking account bonus offers.

The above information and rates are accurate as of 1/24/2022.

Related Pages: Washington checking accounts, checking accounts, nationwide deals, bank bonuses

Comments
B1B
  |     |   Comment #1
hi - anyone have luck opening this account outside of the VA area ? Another banking site I follow claims this is "VA only" but not seeing that language here or on the USSFCU site. Interested in any data points.
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Availability: Easy membership requirement

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