Member Promotions

Current Promotional Offers on Exceptional Products

 Earn a $150 Cash Bonus1 with a New Free Checking Account
Earn a $150 cash bonus when you open a new Free Checking account from BMI Federal Credit Union. You'll get a free checking account that's actually free. Open an account online! 

  • No monthly account fees
  • No minimum balance requirement
  • Free Visa Debit Card
  • Access to the second largest Shared Branching Network with roughly 30,000 ATMs
  • Routing and Transit Number: 244077035

Learn more about our Checking products 

Open an Account

 

Earn a $400 Cash Bonus2 when you Refinance your Auto Loan 
Earn a $400 cash bonus when you refinance any titled vehicle with BMI Federal Credit Union. Check out our competitive low rates. Apply online! 

 

Earn a $150 Cash Bonus3 when you Refer a Friend
Earn a $150 cash bonus when you refer a friend to join BMI Federal Credit Union. That's $150 for you, $150 for them! This offer is perfect for existing BMI Federal Credit Union members. Use the promo code FRIEND20 when you apply online, or print your Refer a Friend card and bring it to any branch drive-thru.

Open an Account

Get 0% Introductory APR* on Balance Transfers for 6 Months when you Transfer Your Credit Card Balance to a new Visa® Platinum Credit Card4
Transfer your existing credit card balance to a new BMI Federal Credit Union Visa Platinum Credit Card and get 0% APR on your balance transfer for 6 months. After that, your APR will be 9.90% to 17.90%, based on your creditworthiness.

With this card, you'll enjoy:

  • Competitive, low rates
  • No balance transfer fee
  • No annual fee
  • No minimum finance charge
  • 25-day grace period on purchases
  • Card Alerts+ with MyCardRules™
  • ID Navigator Powered by NortonLifeLock: Enhanced cyber fraud and security protection
  • Cellular Telephone ProtectionPay your phone bill with your BMI FCU Visa Card, and Cellular Telephone Protection will reimburse you, the enrolled Visa cardholder, for any damage or theft!**

Feel Secure When You Use Your Card

Get enhanced fraud protection and extra coverage

  • Emergency Card Replacement
  • Emergency Cash Disbursement
  • Share-Secured Visa Credit Card for individuals establishing credit
  • Visa's Zero Liability Policy*** 

Earn a $200 Cash Bonus when you get a Home Equity Line of Credit6 
Open a new Home Equity Line of Credit with BMI Federal Credit Union and earn a $200 cash bonus. A HELOC offers a flexible Line of Credit using your home's equity as collateral. Use it for a variety of needs like home repairs or improvements, debt consolidation, or higher education. Apply today for a HELOC.

Member Promotions

Product Rate APR1 as low asPrint Home Equity
Home Equity Line of Credit2 3.250% 3.250%
Closed End Home Equity Loan3 4.250% 4.250%
Home Equity rates effective 12:00 am on Wednesday, March 31, 2021
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
2 Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, APR may change quarterly. Maximum APR is 18.00%. Minimum APR is 3.00%. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
3 Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.

4. Application and Solicitation Disclosure


Interest Rates and Interest Changes

Annual Percentage Rate (APR) For Purchases VISA Platinum and VISA Platinum Secured:
9.90% - 17.90%, based on your creditworthiness.

VISA With Rewards and VISA With Rewards Secured:
13.24% - 17.24%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR For Balance Transfers VISA Platinum and VISA Platinum Secured
For Transactions Below $1,000.00
9.90% to 17.90%,
based on your credit worthiness

For Transactions $1,000.00 and Greater 
0.00% Introductory APR for six months from account opening.


After that, your APR will be 9.90% to 17.90%, based on your creditworthiness.

Visa With Rewards and Visa With Rewards Secured: 
13.24% to 17.24%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

APR For Cash Advances VISA Platinum and VISA Platinum Secured: 
9.90% - 17.90%, based on your creditworthiness.


VISA With Rewards and VISA With Rewards Secured:
13.24% - 17.24% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

How to Avoid Paying Interest on Purchases Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a Credit Card, visit the website of the Consumer Financial Protection Bureau at:  http://www.consumerfinance.gov/learnmore


Fees

Annual Fee

- Annual Fee - Visa Platinum and Visa Platinum Secure
- Annual Fee - Visa with Rewards and Visa with Rewards Secured


None

$49.00
Transaction Fees
- Foreign Transaction

1.00% of each transaction in U.S. dollars
Penalty Fees

- Late Payment
- Returned Payment


Up to $25.00
Up to $25.00


How We Will Calculate Your Balance:
We use a method called "average daily balance (including new purchases)."

Promotional Period for Introductory APR - Visa Platinum and Visa Platinum Secured:
The Introductory APR for balance transfers will apply to transactions of $1,000.00 or greater posted to your account during the first 30 days following the opening of your account. Any existing balances on BMI Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.

Effective Date
The information about the costs of the card described in this application is accurate as of: March 17, 2020.
This information may have changed after that date. To find out what may have changed, contact the Credit Union.

For California Borrowers, the Visa Platinum and Visa Platinum Secured and Visa with Rewards and Visa with Rewards Secured are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by an specific Pledge of Shares you grant us be will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.

Other Fees & Disclosures:
Late Payment Fee: 
$25 of the amount of the required minimum payment, whichever is less, if you are 15 or more days late in making a payment.

Annual Fee -Visa with Rewards and Visa with Rewards Secured
$49.00.

Returned Payment Fee: 
$25.00 or the amount of the required minimum payment, whichever is less.


loanliner logo
03400649-MXC10-P-033018 (MXC101-E)

* APR = Annual Percentage Rate. 
**Visa’s Zero Liability Policy covers U.S.-issued cards and does not apply to certain commercial card transactions or any transactions not processed by Visa.You must notify your financial institution immediately of any unauthorized use.
+ Visa Card Alerts are provided at no additional cost. However, you may incur charges to send or receive information for internet, cellular or other data services from your wireless carrier. MyCardRules is a mobile application developed and maintained by Jack Henry and Associates for financial institutions that use JHA Card Processing SolutionsTM card processing.
***Eligible Cellular Wireless Telephones only. See disclosure for details.

1. Enter promo code NEWCHK21 when applying online or mention when applying in person. Cash bonus of $150 will be deposited in the member’s savings account within 10 business days after all qualifications have been met. The following requirements must be met in the first 90 days after the account is opened: Open and deposit $20.00 into a new free checking account. Make a minimum of 30 Visa® debit card transactions of at least $5/each in the first 90 days. Member must sign up for electronic statements. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Offer not valid on Starting Over Checking, Platinum checking, or Business accounts. This offer is not available to existing members, those with fiduciary accounts, those who have closed an account within 12 months, or have a negative balance. Checking account must remain open for a minimum of 6 months or the bonus will be debited from the account at closing. Offer cannot be combined with other checking offers. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends July 31, 2021.

2. Enter promo code REFI400 when applying online or mention when applying in person. Cash bonus of $400 will be given for the refinance of each titled vehicle loan from another financial institution. Cash bonus will be deposited into the member's account within 10 business days after the loan is funded and all qualifications have been met. Minimum loan amount of $5,000, automatic loan payment setup, and electronic statements are required. Cash Bonus may be considered income and reported on 1099-MISC or 1099-INT. Existing BMI FCU loans are not eligible for this offer. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends July 31, 2021.

3. Must be a member of BMI FCU for at least 6 months before referring a new member. New member must mention name of referring member when account is opened. Cash bonus of $150 will be deposited to referring member’s savings account within 10 days after the New Member Offer is qualified. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Refer A Friend – New Member: Enter promo code FRIEND21 and existing member’s name when applying online or present this card when opening account in person. Cash bonus of $150 will be deposited in the new member’s savings account within 10 business days after all qualifications have been met. The following requirements must be met in the first 90 days after the account is opened: Open and deposit $20.00 into a new free checking account. Make a minimum of 30 Visa® debit card transactions of at least $5/each in the first 90 days. Member must sign up for electronic statements. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Offer not valid on Starting Over Checking, Platinum checking, or Business accounts. This offer is not available to those with fiduciary accounts, those who have closed an account within 12 months, or have a negative balance. Checking account must remain open for a minimum of 6 months or the bonus will be debited from the account at closing. Offer cannot be combined with other checking offers. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends July 31, 2021.

6. Enter promo code HELOC21 when applying online or mention when applying in person. Applications must be received between March 1 and July 31, 2021 with loan disbursed by August 31, 2021. Cash bonus of $200 will be deposited into member’s account within 10 days after loan disbursement and all qualifications have been met. Requirements for cash bonus: minimum credit limit of $5,000, initial draw of at least $5,000, and automatic loan payment from a BMI FCU savings or checking account. Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, Annual Percentage Rate (APR) may change quarterly. Maximum APR is 18.00%. Minimum APR is 3.00%. Rates effective as of December 31, 2020. Must carry insurance on the property. Owner occupied properties in Ohio only. Consult your tax advisor regarding the deductibility of interest and charges. Cash bonus may be considered income and reported on 1099 MISC or 1099 INT. Existing BMI FCU loans are not eligible for this offer. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally Insured by NCUA. Equal Housing Lender. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends July 31, 2021.