What makes this bank offer different
This is a bank-bonus fit for users who can satisfy a deposit rule quickly; the key comparison point is whether the required deposit type matches your normal cash flow.
Bank
Lake Michigan Credit Union Checking Bonus — Up to $100 + $55
Apply to Lake Michigan Credit Union Checking Bonus and earn up to $265 in combined sign-up and referral bonuses.
Qualifying Period
60 days
Payout
Within 14 business days
Requirements
- ✓Referrer must be primary LMCU member in good standing with valid email
- ✓Referee must use referrer's unique link to open account
- ✓Referee must provide email used for referral at account opening
- ✓Referee must open personal checking account
- ✓2+ recurring direct deposits totaling $500+ within 60 days of account opening
- ✓Both parties must be 18+ and U.S. residents (excluding California)
- ✓Open personal checking account via referral link
- ✓2 or more recurring direct deposits totaling $500+ within 60 days
- ✓Open personal checking account
- ✓Hold two or more recurring direct deposits totaling $500+ for 60 days
- ✓Must use referral link from existing member
- ✓Open checking account via referral link
- ✓Two or more recurring direct deposits totaling $500 or more within 60 days
- ✓Referral link required at account opening
- ✓Two or more recurring direct deposits totaling $500+ within 60 days
- ✓Account must remain open for 60 days
- ✓Friend must open checking account via Advocate's referral link
- ✓Friend must hold 2+ recurring direct deposits totaling $500+ for 60 days
- ✓Both referrer and referee must use matching email addresses at signup
- ✓Friend must open checking account via referral link
- ✓Referrer must be LMCU primary member in good standing
- ✓Friend must provide email used for referral at account opening
- ✓Friend must open personal LMCU checking account via referral link
- ✓Referrer must be primary LMCU member in good standing with valid email on file
- ✓Both must be 18+ years old and U.S. residents (excluding California)
- ✓Friend must provide email address used for referral at account opening
- ✓Open LMCU checking account via referral link
- ✓Two or more recurring direct deposits totaling $500+ for 60 days
- ✓Open LMCU checking account with referral link
- ✓Complete 2 or more recurring direct deposits totaling $500 or more for 60 days
- ✓Referral link email must match account opening email
- ✓Referred via valid referral link
- ✓Open personal checking account using referral link
- ✓Hold 2+ recurring direct deposits totaling $500+ for 60 days
- ✓Friend must open personal checking account via referral link
- ✓Recurring direct deposits of at least $500 total within 60 days
- ✓Friend must provide referral email at account opening
- ✓Current member must be primary member with valid email
Restrictions
- ⚠Referral-only (no public signup bonus)
- ⚠Referee must open checking account via referral link
- ⚠Referee must hold 2+ recurring direct deposits totaling $500+ for 60 days
- ⚠New members only (no prior LMCU membership in past 180 days)
- ⚠Not eligible: business, trust, estate, club/association, beneficiary, employee, employee families, board members
- ⚠Residents of California ineligible
- ⚠Must be 18+ years old and U.S. resident
- ⚠New customers only (no existing members or those who closed account within 180 days)
- ⚠Referral required
- ⚠California residents ineligible
- ⚠Must be 18+
- ⚠Personal checking account required
- ⚠New customers only
- ⚠Checking account required
- ⚠Must be at least 18 years old
- ⚠Not eligible if closed LMCU account within prior 180 days
- ⚠Referral only - no public signup bonus
- ⚠California residents not eligible
- ⚠Cannot be existing member or have closed account within 180 days
- ⚠Not eligible: business, trust, estate, club/association, beneficiary accounts; LMCU employees, employee families, board members
- ⚠Cannot refer yourself or create fictitious accounts
- ⚠California residents ineligible as advocates or friends
- ⚠New members only
- ⚠Must not have been an LMCU member or have closed account within 180 days
- ⚠Referral-only; no public signup bonus available
- ⚠New members only (not existing members or those who closed an account within 180 days)
- ⚠Must be 18+ and U.S. resident
- ⚠Business, trust, estate, club/association, beneficiary accounts ineligible
- ⚠New customers only (no existing members or closed accounts within 180 days)
- ⚠Referral link required
- ⚠18+ years old
- ⚠Must open personal checking account with recurring direct deposits
- ⚠Referral-based only (no public signup bonus)
- ⚠Not eligible: California residents
- ⚠Not eligible: Business, trust, estate, club/association, beneficiary accounts, LMCU employees/families/board members
- ⚠Friend must not be existing member or have closed LMCU account within 180 days
- ⚠New customers only (not existing members or those who closed an account within 180 days)
- ⚠Must be 18 years or older
- ⚠Must be a U.S. resident
- ⚠Must use referral link
- ⚠Cannot be existing or former member (within 180 days)
- ⚠U.S. residents only
- ⚠Not eligible for business, trust, estate, club/association, or beneficiary accounts
- ⚠Must open checking account
- ⚠Must complete 2+ recurring direct deposits totaling $500+ within 60 days
- ⚠Residents of California not eligible
- ⚠No business accounts, trusts, estates, club/association accounts
- ⚠Referral link required (no public signup bonus available)
- ⚠Must be 18+ years old
- ⚠U.S. resident (excluding California)
- ⚠Cannot have been LMCU member or joint owner within prior 12 months
- ⚠Personal membership with checking account required
- ⚠Must not be existing LMCU member or have closed account within 180 days
- ⚠U.S. resident required
- ⚠New members only (no closed accounts within 180 days)
- ⚠Must be at least 18 years old and U.S. resident
- ⚠No business, trust, estate, or club accounts
- ⚠Current members must be in good standing
- ⚠Advocates cannot refer themselves or create multiple accounts
- ⚠LMCU employees and board members ineligible
- ⚠Nonmembers cannot have been primary member or joint owner within prior 12 months
Fees
- $0 account fee
- Bonus deposited to primary savings account
- Combined annual cap of $550 for both referrer and referee earnings in calendar year
- No limit on number of referrals, but $550/year cap applies to combined earnings
- Offer expires within 60 days of original referral date
- Rewards reported to IRS on 1099-MISC
- Reward recipients responsible for federal, state, local taxes
- Bonus reported to IRS on 1099-MISC
- Advocates and Friends earn maximum $550 combined per calendar year
- Both Advocate and Friend earn $110 per valid referral
- Annual cap of $550 combined rewards per person per calendar year
- Taxable as income (reported on 1099-MISC if required by law)
- Minimum $5 balance required to open and maintain membership
- Annual cap of $500 in combined rewards applies to both referrer and referee
- Rewards reported to IRS as income on 1099-MISC
- Annual cap: advocates and friends combined cannot exceed $500 per calendar year
- Maximum $500 combined rewards per calendar year (referrer and referee combined)
- Bonus reported to IRS on 1099-MISC if required by law
- Friend must provide email address used in referral at account opening
- Reward recipients responsible for taxes
- Annual cap applies: up to $500-$550 combined per person per calendar year
- Bonus may be reported to IRS on 1099-MISC; recipients responsible for taxes
- Combined rewards cap: $500 per person per calendar year
- Bonus treated as income/interest and subject to tax reporting on 1099-MISC
- Annual cap: Combined rewards for advocates and friends cannot exceed $500 per calendar year
- Bonus is reported to IRS on 1099-MISC
- Recipient responsible for taxes
- Annual cap of $500 combined for Advocate and Friend (max 5 referrals per referrer per year)
- Bonus may be reported to IRS on 1099-MISC
- Advocate (referrer) can earn maximum $500 per calendar year
- Friend must not be existing member or have closed account within 180 days
- Both parties must be 18+ and U.S. residents (excluding California)
- Bonus reported to IRS on 1099-MISC; recipient responsible for taxes
- Max $500 combined rewards per calendar year (5 referrals max)
- Existing employees, employee families, and board members ineligible
- Bonus reported to IRS as 1099-MISC income
- Annual cap: $500 combined per referrer and referee per calendar year
- Bonus treated as income and may be reported on IRS 1099-MISC
- Annual cap of $500 per member per calendar year (standard $50 tier) or $550 (higher $110 tier)
Total potential bonus
$265
Additional Referral Bonus (how it works)
$55
Your 50% share of $110 paid directly by the referrer
View Referral Terms →$100 (sign-up) + $110 (via referral link) + $55 (referral) = $265 total
Last updated June 8, 2026
How to evaluate Lake Michigan Credit Union Checking Bonus
Before opening this account, compare the bonus against direct deposit rules, monthly fees, minimum balance requirements, and any clawback period after payout.
Qualification checklist
Timing
- Qualifying period
- 60 days
- Payout timeline
- Within 14 business days
How to qualify
- Referrer must be primary LMCU member in good standing with valid email
- Referee must use referrer's unique link to open account
- Referee must provide email used for referral at account opening
- Referee must open personal checking account
Common pitfalls
- Referral-only (no public signup bonus)
- Referee must open checking account via referral link
- Referee must hold 2+ recurring direct deposits totaling $500+ for 60 days
- New members only (no prior LMCU membership in past 180 days)
What makes this offer different
Bonus value versus similar offers
The sign-up bonus is below the current nearby $2,250 median, so the requirements and any referral or portal stack matter more.
Stacking potential
The tracked value can include $100 sign-up bonus, $110 referral sign-up bonus, $55 referral share for a total displayed potential of $265. Confirm which apply path you use before assuming every component stacks.
Requirement clarity
Credolix has extracted 4 requirements for this offer, so compare the bonus against the actual steps rather than the headline payout alone.
Frequently Asked Questions
Can Lake Michigan Credit Union Checking Bonus stack with a referral?
Credolix tracks a referral path for this offer. The displayed user share is $55 based on 50% of the listed referral payout.
How long do I have to qualify for Lake Michigan Credit Union Checking Bonus?
The qualifying period listed for Lake Michigan Credit Union Checking Bonus is 60 days.
When does Lake Michigan Credit Union Checking Bonus pay out?
The payout timeline listed for Lake Michigan Credit Union Checking Bonus is Within 14 business days.
