The Department of Labor Federal Credit Union (DOLFCU) will give new members up to a $200 cash bonus, plus you can earn up to $550 in referral bonuses for sharing DOLFCU membership with your friends and family.
With branches located in Washington, D.C., you can become a member of DOLFCU if you are an employee, retiree, immediately family member, or the spouse of a deceased member of one of these DOLFCU Eligible Organizations, which include the U.S. Department of Labor, National Labor Relations Board, and many other organizations.
As long as you qualify for membership, you can complete the entire membership application process online when you join DOLFCU, so you don’t need to live near a branch location, or you can apply in-person, via email, or by fax machine.
To earn up to a $200 bonus as a new DOLFCU member, you must open a savings account ($5 minimum deposit) and checking account (no minimum deposit for Basic Checking), and then set up a $500 minimum recurring payroll direct deposit within 45 days to earn a $100 bonus, plus have 10 debit card transactions that post within 60 days of card issuance to earn another $100 bonus.
However, if you can’t meet the direct deposit or debit card requirements, you can still qualify for a $50 bonus as a new DOLFCU member when you join via another member’s referral and simply open a savings and checking account (no other requirements apply for $50 bonus).
Then, once you are a DOLFCU member, you can participate in the DOLFCU Refer-A-Friend Program to get a $50 bonus each for both you and your friends/family when you refer a new member who opens both a savings account and checking account (with no other requirements), for up to $550 in referral rewards total.
If you qualify for membership with DOLFCU, take advantage of these bonus offers to earn some extra cash with a new credit union membership.
DOLFCU $200 Bonus for New Members
Check out this list of DOLFCU Special Offers for the full details of this promotion.
To be eligible, you must be new to DOLFCU, qualify for membership, open a savings account (minimum $5 deposit required), open a checking account (no minimum required deposit for Basic Checking), and provide acceptable identification documentation.
To earn $100, you must set up a recurring payroll direct deposit for a $500 minimum amount within 45 days of account opening. An acceptable direct deposit is for all payrolls, including Social Security, Civil Service, and Military Retirement Benefits.
To earn another $100, you must have 10 debit card transactions that post within 60 days of your card’s issuance date.
The bonus rewards will be deposited to your savings account 30 days after opening if the requirements are met.
New members are limited to 1 $100 award for a qualifying direct deposit and 1 $100 award for qualifying debit transactions.
Accounts must be opened by 12/31/2021 to be eligible for this promotion.
DOLFCU “Give $50, Get $50” Referral Bonuses
Once you become a DOLFCU member, you can participate in the DOLFCU Referral Program to earn up to $550 in rewards.
When you refer a new member to DOLFCU, you will both get a $50 bonus when your referral opens both a savings and checking account.
To qualify for the $50 bonuses, your referrals must be new to DOLFCU, qualify for membership, open a savings account and checking account, and provide acceptable identification documentation.
Unlike the $200 bonus listed above, the new member only needs to open a savings and checking account for both members to earn this $50 referral bonus, so there are no other direct deposit or debit card transactions required with the referral promotion.
The $50 referral bonuses are deposited into the savings accounts of eligible members 30 days after new account opening.
New accounts must stay open and be in good standing for at least 6 months or risk DOLFCU retaining the incentive payout on either account.
New members are limited to 1 award ($50), and referring members are limited to 11 awards ($550).
New accounts must be opened by 12/31/2021 to qualify for this DOLFCU referral promotion.
If you are a member of the Department of Labor Federal Credit Union, please feel free to exchange your contact information in the below comments in order to share $50 referrals with other readers.