Find the most recent University Federal Credit Union bonuses, promotions, and offers here.
Currently, you can earn a $300 bonus when you open a new checking account.
University Federal Credit Union Bonuses Review
The credit union was started by a small group of professors at the University of Utah in July 1956. University Federal Credit Union is a values-based, full-service financial co‑operative serving the needs of close to 100,000 member-owners and their communities in Salt Lake and Davis Counties.
- Availability: UT (Bank Locator)
- Credit Inquiry: Soft Pull
- Direct Deposit Options: Yes
Eligibility: Membership in University First Federal Credit Union is open to those who live, work, attend school, worship, or volunteer in Salt Lake County, Utah, and their family members. See current membership details
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
Eligibility: Membership in University First Federal Credit Union is open to those who live, work, attend school, worship, or volunteer in Salt Lake County, Utah, and their family members. See current membership details |
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll go over the University Federal Credit Union offers below.
University Federal Credit Union $300 Checking Bonus
University FCU is offering up to $300 bonus when you open a new checking account and meet the eligible requirements.
- What you’ll get: $300 Bonus
- Eligible account: Checking Account
- Where it’s available: UT
(Expires 12/31/2021)
Editor’s Note: You can potentially earn up to $400 when you refinance an auto loan and transfer a loan over $10,000!
U.S. Bank Smartly® Checking ($700 Cash Bonus) | SoFi Checking & Savings Account ($325 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($200 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
- Open a new checking account with University Federal Credit Union
- Earn your first $150 bonus when you use your new UFCU Visa Debit/Credit Card on first 15 transactions
- Earn additional $150 bonus when you establish and use direct deposit on your new account.
- Earn up to $300 bonus with this offer
- New members may qualify for up to $400 in payouts when the below criteria are met.
- New members may qualify for up to $400 in payouts when the below criteria are met.
- To be considered “new membership,” accounts must be opened on or after February 1, 2021 and have no preexisting accounts with the same Primary SSN within one year prior to the open date. Promotion ends on December 31, 2021; this is the final day
to open a membership to be eligible for payouts. - Promotion officially begins February 1, 2021.
- Eligible Members must claim enrollment by December 31, 2021.
- Only personal general membership accounts are eligible for the $400 New Member promotion.
- No businesses, trusts, associations, non-profits or UFCU employees are eligible.
- Primary Member must be over the age of 18.
- Account must be, and remain, in good standing for duration of promotion.
- The final possible payout will be assessed within 30 days of the 6-month mark from account opening.
- See payout eligibility for more information.
- Payout Eligibility
- To be eligible for Direct Deposit payouts, member must not have received any promotional payouts for any Direct Deposit promotions from University Federal Credit Union within 5 years prior to account opening.
- To be eligible for Transaction payouts, member must not have received any promotional payouts for any Transaction promotions from University Federal Credit Union within 5 years prior to account opening.
- Member must enroll in-person, over the phone, or electronically at a University Federal Credit Union branch or Member Service Center.
- If Enrollment is not complete at the time of account opening, the member has until December 31, 2021 to enroll.
- Payouts are based on meeting criteria over 3 consecutive months which are considered eligibility windows. Eligibility windows are one month long based on the date the account
is opened. - For example, if open date is 03/01/2021, then the first eligibility window is from 03/01/2021 to end-of-day 03/31/2021.
- Eligible windows will only be counted for the first 6 months after account opening.
- Eligibility windows for Direct Deposit payouts and Transaction payouts are independent of each other.
- If an account is closed before a payout or dividend is processed, the funds will be forfeited.
- See full terms here.
University Federal Credit Union $40 Pay for A’s Bonus
Students can receive $5 for each A they get, up to $40.
- What you’ll get: $40 Bonus
- Eligible account: Checking Account
- Where it’s available: UT
(No Expiration Date listed)
U.S. Bank Smartly® Checking ($700 Cash Bonus) | SoFi Checking & Savings Account ($325 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($200 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
- Member will be rewarded $5 for every “A” grade presented on their current report card
- Bring your end of semester/term grades into any University Credit Union branch location and they will pay you up to 8 letter grades
- Certain restrictions apply.
- Cash award will be paid into the primary share account.
- Member will be rewarded $5 for every “A” grade presented on their current report card. Minimum amount earned is $5. Maximum amount earned is $40.
- Cash award is treated as interest and will be reported to you on IRS Form 1099-INT.
- Limit of one payout per school year.
- After initial entry into pay for “A” grade at $5 rate, subsequent school year payout will be $2 per “A” for remaining years in the program.
- Federally insured by NCUA.
- $10 minimum balance required to open account.
(Expired) University Federal Credit Union $150 Checking Bonus
Earn a $150 bonus when you open a new account and meet all of their requirements. Plus, you can get a new hoodie as well.
- What you’ll get: $150 Bonus
- Eligible account: Student Checking Account
- Where it’s available: UT
(Expires 11/1/2020)
U.S. Bank Smartly® Checking ($700 Cash Bonus) | SoFi Checking & Savings Account ($325 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($200 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
- Open a new checking account.
- Make direct deposits that equal a minimum of $500 a month.
- Have 3 deposits of $50 over 3 consecutive months.
- Offer valid while supplies last.
- Hoodie will be treated as a dividend and may be reported to the IRS.
- New members only.
- Must have a valid SSN/ITIN/FTIN to join.
- Set up a direct deposit in the first 90 days of opening your account.
How to Waive Monthly Fees
- Not monthly fees
Conclusion
Although this is a rather generous bonus, I can only recommend it if it triggers a soft pull, meaning it won’t harm your credit score. Be sure to check with your local CSR to find out and let us know!
Feel free to comment on this post with any questions you may have about University Federal Credit Union, their accounts they offer, or coupon codes.
Check back often for more University Federal Credit Union Bonuses, Promotions, or Offers!