Myth: Talking About Your Credit Union Doesn’t Pay

You can’t really earn money just for recommending your credit union…right?

Actually, yes. Yes, you can.

“I’ve referred at least five people because I’ve had no issues and the referral bonuses makes it inviting.” – Charles. E.

Let’s bust a common myth: Most people think choosing a financial institution is all about rates, products, or big-name brands. But in reality? People trust people more than any ad out there. In fact, according to Nielsen, around 9 out of 10 people say they trust recommendations from people they know more than traditional advertising. Whether it’s a friend raving about their credit card rate, or a family member swearing by their credit union’s customer service, word of mouth plays a huge role in where people choose to bank. And if you’re already happy with your experience, there’s a way to share it and get rewarded.

Talk, Share, Earn

Most members don’t realize it, but there’s an opportunity to earn cash by sharing what they love. If you're a PSECU member and someone you know joins because of your recommendation, you could earn up to $500¹ per calendar year.

It’s easier than you think. Follow these simple steps to earn $50 per person who joins using your refer code.

1. Get your unique referral link and share it with friends and family however you want – text, email, social media, or even in a quick conversation. It’s casual and on your terms.
2. Tell them what you love most about being part of a credit union that meets you where you are, and how managing your money is easy.
3. A few taps later, they’ve got your link. You’ll receive $50 for each referral who becomes a PSECU member.

Even better? They could earn $300² bonus cash for joining!

Who Can You Share With?

Another myth we’d like to bust: “They probably have to work at a specific place to join.”

True…sort of. While PSECU does have eligibility requirements, there are many paths to membership.

You can join if:

• You live with or are related to someone who is already a PSECU member.
• You’re affiliated with one of the PA colleges or universities we serve.
• You work for one of the 1,000+ PA employers we partner with.
• You join, or are an existing member of, Pennsylvania Recreation and Parks Society or Pennsylvania Consumer Council.

(Not a member of our partner nonprofit organizations? Simply check the box during your PSECU application to join our partner nonprofit organizations and become eligible for membership without leaving the application page.)

So, chances are, someone you know is eligible.

Good Things Are Meant to Be Shared

You’re not “selling.” You’re just sharing your real-life experience with them. And when you do, you could both walk away with extra cash. So, if someone in your life is looking for better banking, now’s the perfect time to let them in on what you already know.

1. Only current PSECU members with general membership or tentative trust accounts who are 18 years of age or older and in good standing as defined in the PSECU Bylawsare eligible to participate. Joint owners are not eligible to participate. Referrers must visit psecu.com and follow the on-screen instructions to refer friends, family members or colleagues (“Friends”). Referrers will be provided with a Personal Link that allows the Referrer to refer Friends for PSECU membership. Referrers and Friends who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate. Referrers are not permitted to share their Personal Link via YouTube or Reddit. Any Friend that comes into the referral system through YouTube or Reddit will not be a valid, eligible referral under this Program. A referral for a Friend coming through YouTube or Reddit will be declined and the Referrer will not receive the referral bonus for that Friend referral. If PSECU discovers that a Referrer posted the Personal Link on YouTube or Reddit, that Referrer is ineligible to participate in this Program. Referrers are limited to sharing their Personal Link up to 25 times within a 7-day period. There is an overall referral bonus cap of $500 paid out per member per year regardless of the referral program(s) or referral bonus offer(s) participated in by a PSECU member in a calendar year. Under this referral program, the referring member will receive $50 deposited into their Regular share up to the overall referral bonus cap of $500. A valid referral requires an individual who:
   1. Meets PSECU’s membership requirements and be at least 18 years of age at the time the PSECU member application is completed;
   2. Completes the PSECU membership application by accessing it through the referring member’s Personal Link and follows the on-screen instructions; and
   3. Is approved for PSECU membership.

This referral program is subject to change without notice and may end at any time.

2. $300 New Member Bonus Terms and Conditions
   From 1.1.25 to 12.31.25, PSECU is running a new member incentive bonus. To receive $300, new members must sign up with promotional code 300PROMOand satisfy each of the requirements listed below. After the first 100 days from establishing membership, your status to receive the bonus will be assessed and processed, which can take up to 45 days. This means, if all requirements are met, you can expect your bonus to be deposited into your Regular savings share within 145 days from establishing membership. Promotion open to U.S. Residents who are 18 years of age or older at the time membership is established. Limit one (1) new member $300 New Member Bonus per tax identification number used to open a new PSECU account. Joint owners listed on accounts are not eligible to be rewarded for this bonus unless they open their own account. You will not be eligible for the $300 New Member Bonus if you are a current PSECU member, have closed an account within the past 12 months, or have received any new member incentive bonus within the past 12 months. Members who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate in this bonus offer. PSECU may adjust the deposited bonus or remove the deposited bonus at any time if PSECU suspects accounts and/or loans were opened by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information. $5 is required to open and maintain a Regular savings share account. This $5 share deposit is also required to be eligible to receive the bonus, and the member must be in good standing as defined by PSECU's Bylaws Article II, Section 1. A $5 minimum share purchase will be made on behalf of the new member by PSECU. If the member account is closed within the first year of membership, the initial $5 share will be retained by PSECU. The Annual Percentage Yield on PSECU's Regular savings share account is 0.25%. This variable rate is current as of 12.1.2024 and may change. Withdrawals and fees may reduce earnings on the account. The recipient of the bonus ($300) is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional. The decisions to award a portion or total bonus is solely within PSECU’s discretion, and all decisions made by PSECU shall be final. PSECU may terminate or change the terms and conditions of this promotion without notice. Subject to all applicable federal, state, and local laws and regulations.

$300 New Member Bonus (must be completed within 100 days of establishing membership) Within 100 days of establishing membership, you must sign up with promotional code 300PROMO, be approved for at least one savings and one checking account with debit card, sign up and log in to digital banking (online or mobile), and set up and receive 2 Qualifying Payroll Direct Deposit(s) each of $500 or more into either the new savings or checking accounts. PSECU is not responsible for delays caused by force majeure, act of God, or third parties in the processing of direct deposits.

Qualifying Payroll Direct Deposits are defined as paychecks, Social Security payments, and pension payment. The following are not Qualifying Direct Deposits: person to person transfers (P2P), demand deposit account to demand deposit account transfers (for example, from a checking account to another checking account), and deposits or ACH transfers not from an employer or the government (for example, online transfers or bank transfers).