Northwest Federal Credit Union has an ongoing checking account promotion scheduled to last until the end of June this year. By signing up as a member of the credit union, you can gain $100 if you open their best checking account and do three consecutive direct deposits on a $500 minimum.

You should setup the direct deposits to occur between April 15, 2011 through September 30, 2011 in order to qualify for the checking account bonus. Another extra money opportunity will be a $200 bonus in case you get approved for an auto loan.

In case you have a member of your family or friend who wants to take advantage of this high yield checking account, you can refer them to the credit union and they also have a chance to get the $100 checking account bonus if they join and open the checking account with direct deposit requirements. They are also eligible for the auto loan bonus. The fine print of the promo states that the referrer is not required so the new member can avail of the bonus.

This checking account bonus is really a money in the bank deal where you as a member plus the friend you can refer has the chance to grab some extra cash. The bonus will be credited to the savings account of the member and this shall occur on the immediate business day after the direct deposit requirements have been completed.

For mebership, you may visit the credit union’s website to check on their list for the fiels of membership. Relatives of existing members are also elligible to join. You can also get in by signing up with Financial Awareness Network (FAN). For this organization you are required to pay for a one time membership fee of $10. You also need to deposit a minimum of $5 on your share savings account. You just need to visit the credit union’s website to apply for membership. For more information about membership, and checking account bonus you may call customer service thru 866-709-8901.

Northwest Federal Credit Union has branches located in the cities of Vienna, Herndon, Chantilly and Manassas in the state of Virginia.

This credit union started providing its services in 1947. Now, they already have over $2 billion in declared assets. They are also a member of the National Credit Union Association with charter number 5500.