Through the Lake Michigan Credit Union Refer-A-Friend Program, new members can get a $50 bonus when they open an LMCU checking account with 2 or more recurring direct deposits totaling $500 or more within 60 days. Current members can earn a $50 bonus for each new LMCU member they refer, up to $500 per year.
Update 3/6/25: The offer increased from $50 to $100 for a limited time. The offer expires 4/4/25 then will likely revert back to $50.
Key Takeaways
- New members can earn a $50 bonus by opening a checking account and meeting direct deposit requirements.
- Current members can earn $50 for each referral, up to $500 per year.
- Membership is open nationwide by contributing $5 to the ALS Foundation.
- California residents are not eligible for the referral program.
How to Earn the LMCU $50 Sign-Up Bonus
Lake Michigan Credit Union (LMCU) offers a fantastic opportunity for both new and existing members to earn cash bonuses. Here’s how you can take advantage of this offer.
What’s the Offer?
LMCU provides a $50 bonus for new members who open a checking account and meet the required direct deposit criteria. Existing members can also earn $50 for each new member they refer, up to $500 annually.
Steps to Earn the $100 Bonus
- Register via this LMCU $100 New Member Referral Link.
- Open a new LMCU personal membership with a checking account through the referral link.
- Receive 2 or more recurring direct deposits totaling $500 or more within 60 days.
- $50 bonus will be deposited into your primary savings account within 14 business days after the 60-day period.
Trending Checking Account Deal:
Terms and Conditions
- Must be over 18 and a U.S. resident (excluding California).
- Must not be an existing member or have closed an LMCU account within 180 days.
- Minimum $5 deposit to open and maintain membership.
- Several checking account options are available, including Max Checking with a 3% APY on balances up to $15,000 and Free Checking with no fees or minimum balance requirements.
Discover why Interactive Brokers stands out as the top brokerage choice for savvy investors.
LMCU Referral Program: $100 Bonus for Referrals
Existing LMCU members can earn additional rewards by referring new members.
How It Works
- Share your referral link with friends and family.
- New member opens a personal LMCU membership with a checking account via the referral link.
- New member receives 2 or more recurring direct deposits totaling $500 or more within 60 days.
- Both you and the new member receive $50 in your primary savings accounts within 14 business days after the 60-day period.
Eligibility
- Referrers and referees must be over 18 and U.S. residents (excluding California).
- Referrer must be a primary member of LMCU in good standing.
- New member must not be an existing member or have closed an LMCU account within 180 days.
- Maximum $500 in combined rewards per year.
About Lake Michigan Credit Union
Lake Michigan Credit Union offers a wide range of financial products and services, including checking and savings accounts, loans, mortgages, and investment options. With competitive rates and a commitment to member service, LMCU is a great choice for your banking needs.
Membership Eligibility
- Reside, work, attend school, or worship in Michigan’s lower peninsula or anywhere in Florida.
- Immediate family members of any LMCU member can join regardless of residency.
- Contribute $5 to the Amyotrophic Lateral Sclerosis Association (ALS) West Michigan Chapter if you live outside Michigan or Florida.
Final Thoughts
LMCU’s sign-up and referral bonuses offer an excellent way to earn extra cash while enjoying the benefits of a credit union. With open nationwide membership and competitive financial products, LMCU is worth considering for your banking needs. Just remember, residents of California are not eligible for the referral program.
Frequently Asked Questions About LMCU
Who can join LMCU? Anyone in the U.S. can join by contributing $5 to the ALS Foundation, with specific eligibility for those in Michigan’s lower peninsula and Florida.
What do I need to open an account? You’ll need a driver’s license, social security number, and at least $5 to fund your new primary savings account.
Are there any restrictions on the referral program? Yes, residents of California are not eligible to participate as either referrers or referees in the LMCU referral program.
Discover more from MoneysMyLife
Subscribe to get the latest posts sent to your email.
