Referrals

A referring member will have the option to receive the current referral bonus or open a SmartStart Certificate once the “Referred Member” has remained a member for 60 days. Referring member cannot receive both.

Referral Bonus: As an existing member of FIGFCU, you will have the option to receive a $50 referral bonus subject to the following: You must be at least 18 years of age, a current active member in good standing and not have caused a loss to the Credit Union, provide the name and contact information of a prospect within our Field of Membership, and the referral results in a new qualified membership, and (within 10 days of account opening) at least one additional account, if prospect only opens a Membership Savings, it must have a minimum balance of $250. The referring member will receive an additional $20 bonus subject to the following: Eligible referred member must open their membership on or after August 14, 2019, opened a checking account within 10 days of joining the Credit Union, and posted an ACH deposit amounting to a minimum of $1,000 per calendar month into the checking account no later than 60 days after joining the Credit Union. There is no limit on the number of referrals a member can make. The “Referred Member” must remain a member for 60 days before bonus is paid. Bonus will be paid on the 10th day of the following month. “Referring Member” must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account.  Only the initial referring party is eligible for bonus, employees, officials and their immediate family members are not eligible for bonus. Referral Program will be effective March 1, 2017 and ongoing until further notice and is subject to change at any time.

*“Bonus” is considered interest and will be reported to the IRS.

SmartStart Certificate and SmartStart IRA Certificate¹ effective August 12, 2019 (requires new money) – Open to “new members*” during their first 60 (sixty) days of membership, or to members that make a successful qualifying new membership referral/s** to the Credit Union. New members can open only one SmartStart Certificate or SmartStart IRA Certificate subject to (Direct Deposit in aggregate of $1,000*** per calendar month into a Credit Union checking account requirement).  Minimum balance to open any certificate at FIGFCU subject to Terms and Conditions and as disclosed on the Credit Union’s rate sheet and Truth In Savings Agreement.  This product is available as a non-IRA or IRA. 

Referring member is eligible for a SmartStart Certificate/s if they meet the Direct Deposit requirement (they can start within 60 days of qualifying new membership opening, or have, existing Direct Deposit). A referring member will have the option to open a SmartStart Certificate or receive the current referral bonus once the “Referred Member” has remained a member for 60 days. Referring member cannot receive both.  The qualifying referring member must open a Certificate using “new money****” and establishes the required Direct Deposit with the Credit Union. There is no limit to the number of SmartStart Certificates opened by a single member so long as the preceding qualifications of one qualifying membership per SmartStart Certificate along with Direct Deposit are met.  If the member wants to deposit funds in excess of $1,000.00 into a 12 month CD, the Credit Union will open another 12 month CD at the standard rate for the additional funds. $1,000 (one thousand) is the minimum and maximum amount to open the SmartStart Certificate. 10% Posted APY = Annual Percentage Yield. Bonus dividends will be treated as standard dividend postings to the share certificate account and available for withdrawal under the standard terms and conditions of the Share Certificate programs.

Penalties: A substantial penalty is imposed for failure to comply with the terms and conditions of the Credit Union’s certificate.  If certificate funds other than posted dividends are withdrawn before maturity date, there will be a standard forfeiture of dividends and/or principal in addition to the terms and conditions of the Share Certificate.  If the referring or the qualifying new member discontinues Direct Deposit, qualifying rates will be adjusted manually to the current standard rate. Early withdrawal penalty applies and  bonus amount can be forfeited, if bonus has already been withdrawn, the Credit Union reserves the right to recover fees from any share account held with the Credit Union and including the principal balance of the qualifying certificate.  Fees could reduce earnings and affect IRA distribution if applicable. Consult your tax advisor. These certificates will automatically renew to a non-promotional certificate upon maturity. Certificates maturing during the promotional period will not automatically renew to the promotional bonus and corresponding rate.  The promotional offer can be discontinued at any time without advanced notice. No online account opening. Accounts rollover to the standard 12-month Certificate at the time of maturity.

Members must call 800.877.2345 or visit one of the Credit Union’s convenient branch locations to verify eligibility and take advantage of these promotional rates on new qualifying certificates.

Member’s savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

To contact us, click here or call 800.877.2345.  This correspondence is sent by Farmers Insurance Federal Credit Union, 2255 N. Ontario Street Suite 320 Burbank, CA 91504.

Smart Certificates¹ require new money (funds not currently on deposit with the Credit Union). *New member is a member who does not currently have a Credit Union membership or had a membership in their name within the last180 days. ** This SmartStart Certificate is not eligible for any additional bonus, i.e. “age bump, DDEP, etc.” ***Direct Deposit, ACH deposit, in aggregate of $1,000 per calendar month into a Credit Union checking account is necessary for the promotional rate to be applied to the qualified Certificate. If upon review it is found that either the qualifying member or the benefitting account holder is no longer eligible for promotional rate due to not meeting the Direct Deposit or membership requirements the Certificate rate will be adjusted to the then current Standard 12 month Certificate rate. Only referring party qualifies for SmartStart Certificate, employees, officials and their immediate family members are not eligible for bonus and cannot open SmartStart Certificates. .

Promotional rates and terms subject to change at any time.

We do business in accordance with the Federal Fair Housing Law and The Equal Credit Opportunity Act.