Comments on: Credit Union 1 Promotions: $100, $500, $1,000 Checking, Savings Bonuses (Nationwide) – Ends 7/31/23

By: Anurav

Anurav — Thu, 20 Apr 2023 16:05:39 +0000

Any data point on what CU1 considers as direct deposit? Will ACH from Chase/ Wells Fargo/ Fidelity /eTrade be counted as direct deposit? Thanks

By: Wolfy67

Wolfy67 — Tue, 28 Feb 2023 16:34:49 +0000

The CSR explained that my application for a HYSA was denied due to having ‘”too many inquiries …which raises a red flag for fraud” My credit score is in the mid- 700’s , so its not because of poor credit. Oh well, I’ll take my business elsewhere.

By: Paul

Paul — Tue, 13 Dec 2022 21:12:15 +0000

Hello,

This bank does use Chex Systems and the declined me because of that and only that.

By: Ryan

Ryan — Thu, 01 Dec 2022 02:12:29 +0000

I was told via email that it would be a hard pull (via Experian). I did not pursue my application further at that point.

By: Jill

Jill — Thu, 15 Sep 2022 14:33:41 +0000

Are they NCUA insured?

By: Jill

Jill — Thu, 15 Sep 2022 14:29:48 +0000

Is this money “insured” in case they go under? I know credit unions may not be FDIC insured.

By: Brent

Brent — Fri, 02 Sep 2022 21:23:56 +0000

Not sure if anyone else has opened one of these accounts, but too many red flags for me. Here’s what I found while going through the application process online.
1. There is a page that shows some information about the accounts and checkboxes for which ones you want to open. The names on the checkboxes are different from the names in the explanation area (Ex. “Free Checking Account” in explanation apparently means you should check the box of “Express Bundle.”).
2. If you add one beneficiary and put in their info, it then asks you if you want to add another beneficiary. Even if you check “No” it will not let you move forward with the application without putting in another SSN (for the beneficiary you do NOT want to add).
3. The funding page gives boxes to say how much you want to fund multiple accounts with, even though they have nothing to do with the account you’re opening. Also, contacting chat support did not help – they kept telling me to fill in a box for Savings, but when I finally got on the phone they told me the required savings amount needs to be included in the “Debit Card Account” section.
4. When you get to the “Legal Stuff” page, you need to check the boxes to acknowledge, however it will allow you to move forward even if you do not check any of the boxes. Also, the link to the Fee Schedule takes you to an “Error 404: Page Not Found.”
5. When I was able to find a fee schedule somewhere else on their site (after searching around for a while), it looks like there could possibly be a $35/month “Private Banking Account” fee. I couldn’t find any accounts named “Private Banking” so not sure.
6. They don’t seem to be FDIC Insured: “I understand that Credit Union 1 is not federally insured and if this institution fails, the Federal Government does not guarantee that I will get back my money. “

By: Anthony Nguyen

Anthony Nguyen — Wed, 31 Aug 2022 17:17:11 +0000

In reply to Brent. Thanks Brent. It has been updated. I believe those are the new terms with the latest change of expiration date.

By: Brent

Brent — Tue, 30 Aug 2022 19:47:15 +0000

Looking at the site, I think there are some updates needed to this entry.
The direct deposit requirement is for 3 months instead of 2 months; the early termination timeframe is 12 months instead of 6 months.