Welcome To Higher Earnings

*New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.

Eligible “Member” must open a qualified bonus account with a minimum qualifying deposit/loan in new money to the Credit Union within 10 days of joining the Credit Union. Bonus will be paid by the 20th day of the following month after qualifying activities are completed. Bonuses will be paid for the following:

There are different ways to qualify for a bonus. The eligible Referred Member must fully comply with one of the following to qualify:

Checking and Direct Deposit Bonus: In order to qualify for a bonus, the eligible Referred Member must open a FIGFCU Checking (share draft) account within 10 days of joining the Credit Union and post Eligible Direct Deposits into the Checking account during the “Direct Deposit Bonus Period”.

The Direct Deposit Bonus Period begins when the eligible Referred Member opens a new Credit Union Checking (share draft) account and ends 60 calendar days after account opening. The bonus amount will be based on the total amount of Eligible Direct Deposits received during the Direct Deposit Bonus Period.

• $50 Bonus for Eligible Direct Deposits with a cumulative total of $2,000 or more received through at least 2 eligible Direct Deposits, made on different days, during the Direct Deposit Bonus Period.

Once the Direct Deposit Bonus Period has passed, the Credit Union will determine if the eligible Referred Member has met the offer requirements and if the Referred Member qualifies, will thereafter deposit any earned bonus within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

Eligible Direct Deposit means a recurring deposit of regular income to a Member’s FIGFCU Checking (share draft) account, from payroll, pension, or government benefit payments (e.g., Social Security), made by the Member’s employer, payroll, benefits provider, or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network.

Deposits that are from check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), bank ACH funds transfers, wire transfers, or are non-recurring in nature (e.g. IRS tax refunds), do not qualify as Eligible Direct Deposits.

OR

Auto Loan Bonus: In order to qualify for a bonus, the eligible Referred Member must apply for a qualified Auto Loan or RV Loan account with a minimum loan balance of $20,000 within 10 days of joining the Credit Union. The eligible Referred Member must remain a Member in good standing for at least 60 days before bonus is paid. After 60-day membership period has passed, FIGFCU will determine if the eligible Referred Member has met the offer requirements, and if the requirements are met will thereafter deposit any bonus earned within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

• $50 bonus for loan account balances totaling $20,000 or more at the time the account is first opened.

OR

Home Equity Loan Bonus: In order to qualify for a bonus, the eligible Referred Member must apply for a qualified Home Equity Loan or Line of Credit (HELOC) account with a minimum loan balance of $50,000 within 10 days of opening the membership.  The Referred Member must take a qualifying advance of at least $50,000 from the HELOC within 60 days of becoming a Member of the Credit Union. The eligible Referred Member must remain a Member in good standing for at least 60 days before bonus is paid. After 60-day membership period has passed, FIGFCU will determine if the eligible Referred Member has met the offer requirements, and if the requirements are met will thereafter deposit any bonus earned within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

• $100 bonus for loan account balances totaling $50,000 – $99,999 at the time the account is first opened; HELOCs must take a qualifying advance of at least $50,000 from the HELOC within first 60 days of membership.
• $250 bonus for loan account balances totaling $100,000 or more at the time the account is first opened; HELOCs must take a qualifying advance of at least $100,000 from the HELOC within first 60 days of membership.

The Promotion is available starting October 01, 2025, until further notice. This Bonus Promotion is subject to change and/or termination at any time without prior notice.

Whether the Referring Member and Referred Member qualify for a Referral Bonus will be in the Credit Union’s sole discretion. The Bonus will be posted to the Membership savings account. “Bonus” is considered interest and will be reported to the IRS.  The above bonuses are not available to FIGFCU’s Board of Directors, Officers, Employees, their immediate family members, and members of their households.

**An initial deposit of $20 is required to open any Checking Account. High Yield Checking is an interest earning checking account eligible for up to 5.00% APY interest on the average daily balance in the checking account up to $5,000 (five thousand dollars) and 0.20% APY on balances over $5000. Dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the Dividend period. High Yield Checking will earn up to 5.00% APY interest and is eligible for up to $10 (ten dollars) in ATM surcharge rebates per statement cycle subject to the following: 1) $1,000 (one thousand dollars) monthly minimum direct deposit, 2) eStatements, and 3) 10 Debit Card Point of Sale (PIN and Signature based) posted transactions using the Farmers Insurance Federal Credit Union Debit Card. Posted transactions count toward monthly minimums. Interest earned will be credited to the account at the end of the statement period. Additional restrictions apply: I must be a Member in good standing with a valid email address on file with the Credit Union. Qualifying transactions must post and clear the account during the monthly qualification cycle. Should the account not qualify for ATM surcharge rebates and/or the 5.00% APY interest, and for balances in excess of $5,000, the account will earn 0.20% APY (twenty basis points) on the checking account balance. Transactions may take one or more business days from the transaction date to post to the account. At the time of the statement cycle date you will verify the combined products and services used since the previous cycle date to determine the qualification for the 5.00% interest and the eligibility for the ATM surcharge rebate. In the event that my monthly $1,000 ACH direct deposit credit does not come in for a 60 day period, the loan discount and the rate bump-up on the certificate will also be discontinued. Current interest rates and the annual percentage yield may be found at the Credit Union’s website, may be verified at a Credit Union Branch or by calling 800.877.2345. Interest rates earned, ATM surcharge rebate amounts and qualifying dollar amounts for interest earned are subject to change at any time. APYs, ATM surcharge rebate amounts and eligibility criteria are subject to change at any time. Fees may reduce earnings.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time.

†APY = Annual Percentage Yield. APY is the annualized rate based on a compounding period of one year. When the deposited money earns dividends and the accumulated dividends starts earning dividends as well, we are talking about compounding. Fees could reduce the earnings on an account. All yields except Certificate yields are subject to change retroactively to the beginning of the month.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time. No branch or call center access with this account. 

††The national average for this type of account is 0.42% APY, based on rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 01/21/2025.

‡APR = Annual Percentage Rate. APR is the annual rate of interest that is paid on an investment, without taking into account the compounding interest within that year. Rates are subject to change at anytime. 

There is a $500 refinance fee for Home Equity Loans booked within the last 12 months, unless $20,000 new cash is added to the loan request.