Get Referred,
Get Rewarded!
Open a new business checking
account and get $250 when referred
by another CU1 business member*.
How it works:
When you are ready to open your business checking account with Credit Union 1, let us know who referred you so we can reward you each with $250.
Here's what you'll need:
- Name of referring business
- Primary account owner
- Account owner's phone number
Ready to get started?
Simply fill out this form and our account services team will contact you within 1-2 business days to set up your new business checking account.
What To Expect
Step 1
Open Checking Account
Open a Business Basics, Super Saver or Premium Checking Account with Credit Union 1 and provide the referring business' name, the name of the primary account owner and their phone number.
Step 2
Meet Requirements
Complete the 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
Step 3
Enjoy the Reward
Enjoy the reward of $250! Funds will be deposited into both the referring business' and your primary checking account as a “Refer-A-Business Offer” ~10 days following the requirements being met.
Frequently Asked Questions
-
All business checking accounts are eligible for this promotion including Business Basics, Super Saver or Premium Checking Accounts.
-
The new business must maintain a minimum daily balance of $2,500 and complete at least 15 qualifying transactions within the first 90 days.
-
Qualifying transactions include ACH, POS and check debits greater than $1.
-
Both the referring and referred businesses will receive a $250 reward deposited into their accounts approximately 10 business days following the 90-day requirement period, provided all requirements are met.
-
The reward will appear as a “Refer-A-Business Offer” in the primary business checking account.
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 qualified 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).