Water and Power CCU (CA) Offers Up To $300 In Bonuses


Availability: Employment with Los Angeles Department of Water and Power (LADWP), residency based on Zip Code (LADWP service area),and approximately 85 other SEGs

Southern California based Water and Power Community Credit Union (WPCCU) is offering up to $300 in cash bonuses.

There are actually two separate bonuses: a $200 bonus when opening a new checking account with direct deposit and/or a $100 bonus when financing or refinancing an auto loan.

$200 Checking Account Bonus Requirements

  • Establish WPCCU membership with a minimum $25 savings account deposit .
  • Open any of three WPCCU checking accounts (Power, Apex, and Advantage checking).
  • Within 90 days of account opening, have a monthly direct deposit of at least $1K from paycheck, pension, or government benefits.


  • $25 minimum balance for 90 days must be maintained from date of deposit.
  • Bonus will be deposited into the account following the completion of the above requirements.
  • Only one bonus per account and only one new checking account per member during promotion.
  • Not available to existing WPCCU checking account members, those with fiduciary accounts, or those with accounts that have been closed within 90 days or closed with a negative balance.

$100 Auto Loan Bonus Requirements

  • WPCCU account must be in good standing to receive $100 cash rebate and will be paid at loan funding
  • Automatic loan payment must be setup from a WPCCU account or with another financial institution.


Headquartered in Los Angeles, Water and Power Community Credit Union offers membership through a variety of ways.

Residency: Individuals who live, work, worship or attend school in a qualifying zip code, which includes much of the Los Angeles Department of Water and Power’s service area.

Relationship: Immediate family members and household members of current WPCCU members are eligible.

Employment: Employees of the Los Angeles Department of Water and Power (and their family and household members) are eligible for membership.

SEGs: Employees of approximately 85 other SEGs qualify for membership.

WPCCU’s membership application is available for download and can be returned to any of five California branches located in Granada Hill, Los Angeles (2), Sun Valley, and Westchester.

Credit Union Overview

Water and Power Community Credit Union, has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 5.53% (excellent) based on September 30, 2015 data. In the past year, WPCCU has increased its total deposits by $21.05 Million, an excellent annual growth rate of 4.4%. Please refer to our financial overview of Water and Power Community Credit Union for more details.

Water and Power Community Credit Union (NCUA Charter # 68493) was originally established in 1936 for the benefit of the employees of the Department of Water and Power. In 2001, WPCCU’s charter was changed to a community credit union, expanding its field of membership to residents in the Los Angeles Department of Water and Power’s various service areas. WPCCU currently has more than 33,000 members and assets in excess of $552 Million.

Other Bank Promotions and Bonuses

Not eligible for Water and Power Community Credit Union’s $200 checking bonus or $100 auto loan bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

me1004   |     |   Comment #1
Nice to get the bonus. But otherwise, they have terribly low savings and CD rates at this place. The only reasonable one is the one they call the "MatriMoney Special Purpose Savings**," at 1.0%APY, and who knows what the astericks refer to, as there is no key on the page to tell. I note, it also says that that rate was determined on Dec. 17 and applies for the period of Oct. 1 to Dec. 31, so it appears you might not even know what rate you get until after the fact!
5.50% 9-Month CD at a Los Angeles CU (Water and Power Community).
Update 1/19/08: This promotion may have ended. Please check the credit union for the latest rates and promotions.

Water and Power Community Credit Union is advertising a certificate special with a yield up to 5.50% APY and a term of 9 months. The minimum deposit is $5,000. The 5.50% APY requires opening a Free Power Checking Account with direct deposit. However, you can still get 5.45% APY without this requirement. New money is required.

This special doesn't seem to be listed at the credit union's website. A reader mentioned seeing this advertised...

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5.70% 7-Month CD at a California CU (Water and Power)
Water and Power Community Credit Union is offering a 5.70% APY 7-month share certificate. The minimum deposit is $1,000. New money is required. The offer ends on October 31, 2006. The special is listed on credit union's home page and was advertised in today's LA Daily News.

The field of membership includes those who live, work, attend school or worship in many communities within the greater Los Angeles area, San Fernando Valley and portions of the San Gabriel Valley. Relatives of the above also are eligible along with a long list...

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