Purdue Federal Credit Union offers $250 promotion for new members through the end of year

Purdue Federal Credit Union offers $250 promotion for new members through the end of year
By: Brenna Sealy, Contributor Last Updated: May 31, 2022

If your relationship with your current financial institution is underwhelming, now might be the perfect time for a break-up. For a more satisfying relationship, look no further than Purdue Federal Credit Union. The credit union is offering new members the opportunity to earn a $250 bonus now through December 31, 2022, when they open a checking account, enroll in paperless statements, use their debit card 10 or more times, and set up direct deposit.*

“Purdue Federal was recently honored as the Best Credit Union in Northwest Indiana by the readers of the Northwest Indiana Business Magazine,” Sales Manager Sean Lavelle said. “I welcome anyone interested in switching their account to stop by our branch at 113th and Broadway in Crown Point, or to visit our table at the upcoming Lake County Corn Roast.”

Residents of Lake and Porter counties are eligible to earn the $250 bonus after they qualify for Purdue Federal membership. In addition to Purdue University alumni, employees of select organizations and businesses in Northwest Indiana qualify for membership. You can find a complete list at www.purduefed.com/About/Membership/Become-a-Member.

As a not-for-profit cooperative, Purdue Federal looks for ways to give back to its members and the communities it serves. The company has always been passionate about supporting the local community, and this bonus is just one of many ways Purdue Federal enjoys supporting those around them.

For more information about Purdue Federal, please visit www.purduefed.com/crownpoint.

*Subject to approval. Membership eligibility required. $250 bonus o­ffer valid January 1, 2022 to December 31, 2022 for accounts opened at the Crown Point branch, or online with a Lake or Porter County zip code. $5 membership share deposit into primary share savings account required. Primary share savings currently earns 0.05% APY (APY=Annual Percentage Yield); $5.01 minimum balance to earn. $25 minimum opening deposit for checking account. To qualify for bonus, account holder must be new to Purdue Federal, open a new checking account with direct deposit, have a debit card on the account, be enrolled in paperless statements, and make 10 member-initiated transactions. Direct Deposit is defined as an aggregate of $400 or more in ACH deposits each month for two months within 120 days of account opening. Bonus will be deposited into primary share savings account within 10 business days after all conditions have been met. Social Security Number required for account holder to receive bonus. Bonus is considered interest and will be reported on IRS Form 1099-INT. Existing members, HSA and business accounts not eligible to receive bonus o­ffer. If the account is closed within 6 months of account opening, the $250 bonus will be deducted from the account at closing. This o­ffer cannot be combined with any other promotion.