Effective 1/6/2025

The Stanford FCU Refer A Friend program is available to Stanford FCU members age 18 and older. Bonuses are earned and paid after the referred member provides the referring member’s unique promo code at the time they join the credit union, then meets the membership eligibility and direct deposit requirements described below.

The referring member will receive bonuses between $250 and $750 for each qualified referral as follows: $250 for the first referral, $400 for the second referral, $500 for the third referral, $600 for the fourth referral, $750 for the fifth referral and every referral after. To receive the higher payouts, the referred new members must all join within the same calendar year, although the direct deposit qualifications may take up to 120 days and do not need to be achieved within the same calendar year. The timeline for referrals will reset each January 1st with the first referral of the new year earning $250 regardless of how many referrals occurred the prior year.

The referred new member will receive a $500 bonus regardless of the bonuses earned by the referring member. In order for the referring member and the referred member to receive the bonus, the referred new member will need to open a checking (spending) account with the promo code and a minimum monthly payroll direct deposit of $2,500 for the first three consecutive months from account opening. Payroll direct deposit is defined as recurring ACH payments from your employer or the Social Security Administration. Other deposits such as checks, transfers, Venmo, Zelle® and PayPal do not qualify.

The Refer A Friend promo code is unique to the referring member, and can be used by an unlimited number of referred new members. An existing member can refer an unlimited number of new members. A referred member may only receive one new member bonus regardless of the number of accounts or memberships opened. If the promo code is not used and the referring member was not identified at the time of account opening, no bonus will be awarded to either member.

Stanford FCU reserves the right to modify or cancel this program without notice. However, any cancellation or modification will not affect bonuses for accounts already opened that have not yet met the requirements. Stanford FCU employees, family members and volunteers are not eligible. Bonuses will not be paid for members who live in the same household. We reserve the right to disqualify any referrals in circumstances where we reasonably believe they were not sent to us in good faith.

The bonuses will be deposited into the accounts of both the referring member and the new member the day after the new member meets the requirements. Any taxes due on the bonus deposits are the sole responsibility of the recipient. Stanford FCU will report all bonus deposits to the appropriate state and federal agencies as required by applicable law. This offer cannot be combined with any other Stanford FCU promotional offers. This offer is invalid if the referred member had a Stanford FCU account that was closed within the last two years. Accounts are subject to all terms and conditions set forth in the current Important Account Information for Members Booklet, the Disclosure Fee Schedule, and the specific loan account disclosures.