We have seen several big banks offering checking account bonuses this week. It's nice to see some bonuses from credit unions. Here's a good one from Taunton Federal Credit Union which is offering up to $200 for opening a checking account with direct deposit. The offer is scheduled to expire on 8/31/2012. The details are listed at this Taunton FCU promotions page.
Here's what is required to qualify for the full $200 bonus:
- $50 for opening checking account and initiating direct deposit
- $50 when first direct deposit is confirmed
- $100 when direct deposit has continued for 6 months
The credit union's checking accounts do have potential monthly fees. You can avoid monthly fees on the Direct Rewards Checking with direct deposit. Monthly fees can be avoided on the Standard Rewards Checking by maintaining a minimum balance of $500. Please refer to the Taunton FCU checking page for more details.
The credit union also has a refer-a-friend program in which you and the person referred can both earn $20.
According to the credit union's FAQ page:
Anyone who lives, works, or worships in Taunton, Raynham, Berkley, Dighton, Lakeville, Middleboro, Norton, or Rehoboth may be a member.
Credit Union Overview
It's a small credit union with two branches located in Taunton and Middleboro, Massachusetts.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 13.84% (above average) based on March 2012 data. Please refer to our financial overview of Taunton Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5602).
Other Credit Union & Bank Bonuses
We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.