First Basin Credit Union Promotions: $25 Checking Referral Bonus [TX] – No End Date

First Basin Credit Union (firstbasin.com) promotions and bonus offers can be found updated here. Typical offers range from $100 to $300.

Update 1/9/2023: The offer has decreased from $125 to $25 per referral. No limit is stated.

The credit union was established in 1965 and is headquartered in Odessa, Texas. They have 8 locations throughout Texas.

Read more: See promotions from Chase Bank, BMO Harris, Bank of America, TD Bank, and U.S. Bank.

Upon review, rates with First Basin CU don’t compete well with top national rates. Compare their rates with the nation’s best Savings rates here and the best CD rates here.

I’ll review the current offers below.

First Basin Credit Union $25 In Referral Bonuses

Earn up to $250 in bonuses a $25 bonus with this offer from First Basin Credit Union. You can refer up to 4 new members maximum.

• Bonus offer has no listed expiration date
• Available in TX
• Download and print the FBCU Switch Kit for everything your referral needs to become a member at First Basin Credit Union (link below).
• Get $125 for referring a new member and the new member:
  • Opening a savings account
  • Open a free checking account
  • Enroll in direct deposits with a minimum of (2) $500 deposits.
• Get $125 more if the new member:
  • Enroll in online banking
  • Enroll in and use online bill pay
  • Apply for an FBCU credit card, FBCU loan or open a CD in new monies.
• You can refer up to 4 new members maximum.

Fine Print

See the Switch Kit form for more information (link above)

Existing (referring) member, at the time of referral:

• Must be in good standing with FBCU.
• Must be 18-years-old
• Cannot be a First Basin employee, board member or related
• Existing FBCU members may refer a maximum of (4) new members for the “Show the Love” member referral program

New (referred) member:

• Must meet FBCU qualifications to be a member of the credit union
• Must be 18-years-old
• Cannot be a First Basin employee, board member or related
• Must be a new member and cannot have been an FBCU member in the last 12 months.
• If new member was a former member of FBCU prior to the last 12 months they must have left FBCU in good standing and cannot have any current or past delinquency or default of accounts.
• Must open an FBCU savings account with a minimum of $25 to be deposited into savings account for required “buy in” to First Basin.
• Must be the main signatory on the account and not a “joint member”
• Must retain FBCU membership and open/active checking and savings account (in good standing) for 6 months.
• Requirements must be completed within 60 days of opening new account.

Commitment:

• Any bonus awarded through “Show the Love” will be posted to the new member’s FBCU savings account within 60 days after the completion of the referral requirements.
• Any bonus awarded through “Show the Love” will be posted to the existing member’s FBCU savings account within 60 days after referral requirements have been completed.
• When completing “ALL IN” level, as long as new member completes application process for an FBCU loan or FBCU Classic Credit Card or Premier Credit Card, $50 bonus will be granted. Bonus is NOT contingent on approval.
• For each qualified member referral, the existing member can receive up to $250, per referred member (maximum 4 members or $1,000) based on level completions of new member.
• The new member can earn up to $250, based on the level completions listed.
• If new member does not complete referral requirements or if the new member’s new account is closed prior to meeting referral requirements, any or all “Show the Love” bonuses will be reversed for new member and existing member.
• Once all referral requirements are met, the new member must keep their account open for a minimum of 6 months, if not FBCU reserves the right to reverse all “Show the Love” bonuses distributed to the new member and the existing member.

Bottom Line

Lots of requirements for the referred but it’s a good value offer if you’re already a member of First Basin CU. Compare with the best bank promos here, including ones from Bank of America, Chase, TD Bank, Aspiration, Huntington and more.

Read more: See the best bank promotions here and the best investing promotions here.