LAKE BANK (2026) | Credolix
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Lake Michigan Credit Union Checking Bonus — Up to $100 + $125
Apply to Lake Michigan Credit Union Checking Bonus and earn up to $475 in combined sign-up and referral bonuses.
Payout
Within 14 business days
Requirements ✓ Friend must open personal checking account using referral link✓ Friend must maintain account open for 60 days✓ Friend must have recurring direct deposits totaling at least $500 during 60-day period✓ Both referrer and referee must be over 18✓ Open LMCU personal checking account✓ Hold 2 or more recurring direct deposits totaling $500 or more for 60 days✓ Use referral link at account opening✓ Open LMCU personal checking account via referral link✓ Must be 18+ years old and U.S. resident✓ Provide email address used in referral at account opening✓ Maintain account for 60 days with recurring direct deposits of at least $500 total✓ Must use valid referral link to open account✓ Two or more recurring direct deposits totaling $500 or more within 60 days✓ Must be 18+ years old✓ Must be lawful permanent resident of United States✓ Friend opens personal LMCU membership with checking account via referral link✓ Friend maintains account for 60 daysRestrictions ⚠ Referral-only bonus — no public signup bonus⚠ Michigan and Florida residents only (for promotional period)⚠ Friend must not be existing member or have closed account within 180 days⚠ Not available to California residents⚠ Referral-only bonus (requires referrer)⚠ New customers only⚠ Must not be existing member or have closed account within 180 days⚠ Advocate and Friend must be permanent residents of Michigan or Florida⚠ Both must be 18 years or older⚠ New members only (account closed within 180 days not eligible)⚠ Personal checking account required⚠ Requires two or more recurring direct deposits totaling $500+ within 60 days⚠ California residents not eligible⚠ Not available to LMCU employees, board members, or their families⚠ Referral-only program — no public signup bonus⚠ New account holder must be an eligible prospect (not existing member, not closed account within 180 days)⚠ 18+ years old⚠ New customers only (must not have opened LMCU account in prior 180 days)Fees $0 monthly fee (for Max Checking and Free Checking accounts) $0 account fee Bonus is considered income and must be reported on 1099-MISC form Reward recipients are responsible for federal, state, and local taxes Bonus may be reported to IRS on 1099-MISC Offer expires within 60 days of original referral date Bonus taxable as income (reported on 1099-MISC) No signup bonus available without referral link Annual cap: $500 combined rewards per person per calendar year (max 5 referrals at $100 each) Both advocate and friend must be 18+ years old Advocate must be existing LMCU member in good standing Bonus paid to both referrer (Advocate) and new member (Friend) Advocates and Friends can earn maximum of $500 in combined rewards during each calendar year Bonus reported to IRS on 1099-MISC if required by law Bonus reported to IRS on 1099-MISC; recipient responsible for taxes Annual cap: $500 per calendar year per member across all referrals At $110 per referral, this allows maximum 4 referrals per year 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 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 Total potential bonus
$475
$100 (sign-up) + $250 (via referral link) + $125 (referral) = $475 total
Offer expires July 30, 2026
Last updated July 24, 2026
Saved source PDFs
Jul 24, 2026
Jul 17, 2026
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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 Friend must open personal checking account using referral link Friend must maintain account open for 60 days Friend must have recurring direct deposits totaling at least $500 during 60-day period Both referrer and referee must be over 18 Common pitfalls Referral-only bonus — no public signup bonus Michigan and Florida residents only (for promotional period) Friend must not be existing member or have closed account within 180 days Not available to California residents What makes this offer different 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.
Bonus value versus similar offers The sign-up bonus is below the current nearby $2,000 median, so the requirements and any referral or portal stack matter more.
Stacking potential The tracked value can include $100 sign-up bonus, $250 referral sign-up bonus, $125 referral share for a total displayed potential of $475. 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 When does Lake Michigan Credit Union Checking Bonus expire? Lake Michigan Credit Union Checking Bonus expires on July 30, 2026.
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✓ 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
✓ 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⚠
⚠ Residents of California not eligible
⚠ Business, trust, estate, club/association accounts not eligible
⚠ LMCU employees and board members not eligible
⚠ Referral program only — no standalone signup bonus
⚠ Friend must be a new member or have closed account 180+ days ago
⚠ Friend must open checking account with 2+ recurring direct deposits totaling $500+ within 60 days
⚠ California residents ineligible
⚠ Not available to LMCU employees, board members, former primary members, or joint account owners
⚠ 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
⚠ Must be 18+
⚠ 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
⚠ 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
⚠ 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
⚠ 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
Maximum $500 combined rewards per calendar year (referrer and referee combined)
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)
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)
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) Jul 3, 2026
Can Lake Michigan Credit Union Checking Bonus stack with a referral? Credolix tracks a referral path for this offer. The displayed user share is $125 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.
