Referral Program

Overview

When current members (referrers) refer new individuals who meet our qualification criteria, both the referring member and the new member (referred) will each receive a $25 reward. It’s our way of expressing gratitude for their role in helping us grow.

Qualifications

The referred member must meet the following requirements within 30 days of opening their membership to have both them and the referrer receive their $25 reward:

  • Account funded: $10 membership fee
  • All required membership documents signed
  • Must have ONE of the following items:
    • Active direct deposit
    • Apply and be approved for a loan. Member must receive the loan.
    • Apply and be approved for a credit card. Credit card must have 5+ transactions.
    • Have an active debit. Debit card must have 5+ transactions.

Additional requirements:

  • The referred member MUST say they were referred at account opening.
  • The referred member cannot be in our GOLD system. A beneficiary is the only exception.
  • The referred member’s account must be in good standing to receive their $25 reward.
  • The referrer’s account must be in good standing to receive their $25 reward.

FAQs

  • Who is eligible for the referral program? Does the referrer need to be a member of Community First Federal Credit Union?
    • Current members who are 18+ years of age at Community First Federal Credit Union are eligible to refer new members. Community First employees and volunteers are not eligible. Minors are also not eligible. Non-members are not eligible.
  • Is there a limit on how many times a current member can refer a new member?
    • There is a limit of 20 referrals ($500 maximum earning) for members per calendar year.
  • What happens if the referred member does not meet the criteria within 30 days of becoming a member? Does the referrer still receive their $25 reward?
    • If the referred member does not meet the criteria within the 30-day timeframe, both the referred member and the referrer will not receive their $25 reward.
  • What if a new member forgets to mention the referral program at account opening?
    • Unfortunately, we cannot accept the member referral after account opening.
  • Does the member receive their reward immediately after they meet the criteria?
    • No, the accounts are reviewed after the 30-day timeframe. Members who meet criteria can expect their reward to be deposited within the first week following review.

Disclosure

Participation in the Community First Federal Credit Union Referral Program is subject to the following terms and conditions: Eligibility: Only current members of Community First Federal Credit Union who are 18 years of age or older are eligible to participate as referrers. Employees, volunteers, and non-members are excluded. Minors are not eligible for participation. Referred members must meet membership eligibility. Program Requirements: Both the referrer and the referred member must meet all specified qualifications within 30 days of the referred member’s account opening to be eligible for the $25 reward. Failure to meet these criteria will result in disqualification from receiving the reward. Account Status: To receive the reward, both the referrers and the referred member’s accounts must be in good standing at the time the reward is processed. Accounts in delinquent status or with pending issues are not eligible for rewards. Referral Process: The referred member must indicate at account opening that they were referred. Referral claims made after the account opening will not be accepted, and rewards will not be issued. Accounts will be reviewed after the 30-day timeframe of being opened. Members can expect their $25 reward to be deposited within the first week following review. Limits: There is a maximum of 20 referrals ($500 total reward) per member per calendar year. Rewards are capped at this limit regardless of the number of successful referrals made. Program Modifications: Community First Federal Credit Union reserves the right to modify, suspend, or terminate the referral program at its sole discretion without prior notice. Changes to the program will be communicated as appropriate. Rewards: Rewards will be issued in the form of a credit to the respective accounts. The timing of reward distribution may vary based on account verification and processing times. Disqualification: Community First Federal Credit Union retains the right to disqualify participants from the referral program at its discretion, including but not limited to instances of suspected fraud or abuse. By participating in the referral program, members agree to abide by these terms and conditions. For further details or inquiries, please contact Community First Federal Credit Union directly. Federally Insured by the National Credit Union Association. An Equal Housing Lender. 989.352.6031 | www.cffcu.biz