Refer a Business Today
Refer a business to open a new business checking
account, and you both can earn $250*
How it works:
Complete the form to refer a business that could benefit by opening a business checking account with Credit Union 1.
From there, we will contact your referral with all the information they need to take advantage of this promotion!
Here's what they'll need on their end:
- Your business name
- Your primary account holder
- Your phone number
Ready to get started?
Simply fill out this form, and we'll take it from there!
What To Expect
Step 1
Open Checking Account
The business you referred will receive an email from Credit Union 1 with information about the promotion and how to take advantage of it. When they decide to open a Business Basics, Super Saver, or Premium Checking Account with us, they'll provide your business name, the primary account holder, and the account holder's phone number to let us know you sent them our way.
They can also skip the email and go straight to: offers.cu1.org/reward250.
Step 2
Meet Requirements
Once they've opened their new Credit Union 1 business checking account, they must complete two additional qualifying activities over 90 days:
- Maintain a daily balance of $2,500 or more in their new account
- Make 15 or more qualifying transactions through the new account
Note - these requirements must be met for the $250 reward to be disbursed.
Step 3
Enjoy the Reward
Enjoy the rewards of $250 each! Funds will be deposited into the primary checking account as a “Refer-A-Business Offer” about ten days after meeting all requirements.
Have more than one business to refer? Send them our way and continue to share in this limited-time opportunity!
Our tailored business services can help support local Alaska businesses, no matter their goals or where they are in their financial journey.
Frequently Asked Questions
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No, there is no limit to the number of businesses you refer.
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Yes, referred businesses must be licensed through the State of Alaska.
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The referred business can reach out to a CU1 member services representative that will work with them to update the account and apply the promo.
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Neither party will receive the $250 promo reward.
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This promotion is a limited time offer that will end at Credit Union 1's discretion.
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You must have been a CU1 member for at least 90 days before you qualify to be the referring business within this promotion, as well as in good standing.
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This promotion is only available to members with an active business checking or savings account who refer new members who open a business checking account. However, if you currently have a personal account with CU1 and open a new business checking account through a referral, you can qualify for $250 upon meeting the requirements.
The Refer-A-Business offer is a limited-time promotion. The promotion reward amount is subject to change without notice. The referring business owner cannot refer affiliated business(es) under the same ownership. Referrals must be made prior to the new account opening.
Due to the confidential nature, we cannot disclose any information about qualifying accounts opened by the business(es) you refer. Referral offer is not available to local, state or Federal Government entities or agencies or Political Action Committees.
Offer Information and Requirements: The promotion reward will be made available to the referring business and the qualifying new business approximately 10 business days following the 90-day requirement period should the referred business meet the below requirements:
- Account Type: The referred business must open a Business Basics, Super Saver, or Premium Checking Account with Credit Union 1.
- Minimum Balance: The referred business must maintain a minimum balance of $2,500 in their account for the first 90 days.
- Transaction Activity: The referred business must complete at least 15 qualifying transactions within the first 90 days. Qualifying transactions include ACH, POS, and check debits greater than $1.
To receive the Refer-A-Business offer: 1) An existing Credit Union 1 business member may refer a new business to open a Credit Union 1 Business Basics, Super Saver, or Premium Checking Account by sending them to offers.cu1.org/reward250; 2) The referred business(es) must be a new Credit Union 1 business member and must open either a Business Basics, Super Saver, or Premium Checking Account. AND 3) After your referred business(es) has opened their qualifying checking account and has met the offer requirements, Credit Union 1 will deposit the promotion reward into both the referring and referred business’ primary checking account, provided that both accounts are not closed or restricted at the time of payout.
There are no restrictions to the number of promotion rewards one business may receive. Promotion rewards are considered miscellaneous income and may be reportable to you and the IRS on Form 1099-MISC (or Form 1042-S, if applicable).