What Is a Credit Union Referral Program and How Does It Work?

People nowadays want more personalized experiences, and a credit union is often a better choice for a more personal, community-focused way to manage money. 

Now that you’re a credit union member and enjoying a more personalized banking experience, it may be time to spread the word and share your positive experience. The Focus Federal Credit Union offers a credit union referral program that gives you an extra perk for passing along your seal of approval.

What Is a Credit Union Referral Program?

Let’s start with the basics. A credit union referral program helps inspire members to recommend its financial services to friends, colleagues, and family. The primary objective is to attract new members who can benefit from the credit union’s services. But it also rewards current members. The program offers incentives to existing members when their referred friend opens a new credit union account. 

Benefits of Being a Credit Union Member

Credit unions are not-for-profit organizations owned by their members. Because credit unions don’t focus on generating profits for shareholders, they can afford to provide loans at more favorable terms. Credit unions offer more options and services. As a member, you have access to services including savings and checking accounts, home and auto loans, and credit cards.

Benefits of being part of a credit union include:

• Lower Loan Rates. One of the top benefits of credit unions is their competitive interest rates. They are known for offering higher interest rates on savings accounts while offering lower rates on loans and credit cards. Members can save thousands of dollars over time, whether they’re borrowing or saving.
• Fewer Fees. Big banks often rely on fees for revenue. Between overdraft fees, account maintenance, ATM usage, and other add-on fees, having an account open at a bank can quickly erode your savings. Credit unions keep fees low, or eliminate them, so you can keep more of your hard-earned money. When credit unions do charge fees, they tend to be lower than those of banks. And while a few dollars here and there might not seem like much, these expenses can easily pile up.
• Nationwide ATM and Branch Locations. Many credit unions, like Focus, belong to a credit union network. You can access more than 30,000 ATMs nationwide and bank at over 5,600 CO-OP shared branches. This network of ATMs and shared branches makes banking convenient while away from home. Locate a service station with the locator tool or call 888-748-3266. You can also download the CO-OP app from Google Play or the App Store.  
• Secure Banking. Credit unions are secured by the National Credit Union Administration (NCUA), which insures up to $250,000 per share owner, per insured credit union, per account ownership category.

Why Should You Refer a Friend to The Focus Federal Credit Union

The strength and stability of TFFCU come from our members. When you joined, you weren’t just opening an account. You were joining a community that cares about your financial future. Members are your friends, family, co-workers, and neighbors. When the credit union grows, the whole community benefits.

One common misconception is that credit unions operate as exclusive clubs, with limited membership. While some credit unions have requirements, Focus Federal Credit Union serves anyone living, working, worshipping, or attending school in Oklahoma, as well as Cleveland, Canadian, Lincoln, Logan, McClain, and Grady counties.

As a TFFCU member, you have access to:

• Educational Support. We offer programs to help members rebuild their credit, protect their identity, prepare themselves for financial success, and more. Resources include workshops, seminars, online courses, and one-on-one financial counseling. Whether you’re looking to improve your financial strength, budget more effectively, understand credit scores, or plan for retirement, TFFCU offers educational initiatives that empower members to take control of their financial futures and build for long-term success.
• Personalized Customer Service. We prioritize members’ preferences. We work to understand each member’s financial needs and do everything possible to meet them. This often translates into more attentive and customized service tailored to individual circumstances.  
• Community-Centric Approach. We’re invested in supporting the local community because we live and work here too! We invest in local projects and work closely with residents because it’s our community too. We all share the same sense of pride and belonging, whether it’s supporting our local school system or giving back to the community by hosting a food truck in our parking lot.

The Focus Federal Credit Union Referral Program

Focus Federal Credit Union has more than 12,000 members and over $170 million in assets. We value each member and want to reward you for telling your friends and family about TFFCU. For every friend or family member you refer to TFFCU, you’ll receive $50, AND your friend will score $50 with a new account and qualified services. Referrals are unlimited.

You can refer someone in one of the following easy ways:

• Online. Register to get your own personal referral link. Then share your link with friends and family via social or email. 
• In-Person. Visit a branch location to register.
• By Phone. Speak to a Member Service Representative by calling 405-230-1328.

Do you love Focus FCU? Go ahead and tell a friend. It’ll benefit you both!

Aiden Ferguson

Marketing Director

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