Posted by William Charles on March 29, 2017
Bank Account Bonuses

Published on March 29th, 2017 | by William Charles

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[IN only] Crane Credit Union $150 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: If you live or work in the following counties you are eligible to join Crane Credit Union: Bartholomew, Brown, Clay, Daviess, Dubois, Gibson, Greene, Hendricks, Jackson, Johnson, Knox, Lawrence, Marion (Center, Decatur, Franklin, Lawrence, Perry, Pike, Washington, and Wayne townships), Martin, Monroe, Morgan, Owen, Orange, Parke, Pike, Posey, Putnam, Sullivan, Vanderburgh, Vermillion, Vigo, and Warrick. All in Indiana
  • Direct deposit required: Yes, no minimum specified but must complete three deposits
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown 
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: None

The Offer

Direct link to offer

  • Crane Credit Union is offering a bonus of $150 when you complete the following requirements within 90 days of opening a new account:

Crane-150DAI-728-x-90

The Fine Print

  • In order to receive the $150 bonus, member must sign up for e-Statements, establish a recurring electronic deposit of paycheck, pension, or government benefit with a minimum of three deposits in the first 90 days after opening the account, and complete a minimum of 30 debit card transactions in the first 90 days after opening the account.
  • Membership to the Credit Union requires a $5 deposit to a share savings account, but no minimum balance is required to open the share checking account.
  • Individual must be eligible to join the Credit Union.
  • Members will receive a $150 deposit into their share checking account after the account has been opened for 90 days and they have satisfied all requirements to receive the bonus.
  • Account must remain in good standing during the 90 day period.
  • Crane Credit Union will be required to report bonus amount to the IRS. Member will be responsible for tax consequences of earning the bonus.

Avoiding Fees

This account has no monthly fees to worry about, you do need to deposit $5 into a share savings account to be eligible to sign up. According to the fee schedule there is no early account termination fee either.

Our Verdict

Quite a lot of requirements for a $150 bonus, but at least the account is fee free. Definitely not the best deal in the world but probably still worth going after if you live in the area. As always please share your data points in the comments below.

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I filled out the form to get more info. SO actually used to have account with them. Anyway, I suspect it winds up being an in branch app so no credit card funding, but I will update when I learn more. Not sure if I’d actually go through with opening an account.

I wonder what they have against Warren township? Also submitted my info. Branch isn’t so far away from my job, so will probably go and apply. Need another MO stash.

I dropped by a local branch and they were very friendly and helpful. I opened an account in less than 10 minutes. Declined overdraft protection and it seems like it was a soft pull. The account opening bonus seems to have been extended at least as of now indefinitely.

Requirements met by 9/20, bonus posted 11/13.

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