Score Up to $500 with Canyon View Credit Union's New Member Bonus

If you live in Utah or Nebraska and are looking for a credit union that truly rewards new members, Canyon View Credit Union has an offer that's hard to ignore. Right now, new members can earn up to $500 by completing a few straightforward steps. This isn't just one bonus—it's a bundle of incentives that can add up fast. Let's break down exactly what you need to do to get the full $500.

How the Bonus Breaks Down

Canyon View has structured this promotion so you can earn in stages. You don't have to do everything at once, but each piece adds to the total. Here's the full breakdown:

First, you get $50 just for opening a new account. That's the easiest part. Then, if you set up a direct deposit of at least $1,000 per month, you can earn up to $150 more. That $150 comes in $50 increments over three consecutive months, so you'll see it hit your account gradually.

Next, use your Canyon View Visa debit card or credit card for 25 or more transactions each month (each transaction must be at least $5). That's another $150, again paid in $50 monthly chunks over three months. Finally, if you take out a new auto loan or refinance an existing one with Canyon View for at least $10,000, you'll get a $100 bonus. And if you stick around for six months, there's an additional $50 bonus just for keeping the account active.

• $50 – New account opening bonus
• $150 – Direct deposit of $1,000+/month (paid in $50 increments over 3 months)
• $150 – 25+ Visa transactions/month (paid in $50 increments over 3 months)
• $100 – New auto loan or refinance of $10,000+
• $50 – Account still open after 6 months

Who Can Join?

Membership is open to anyone who works, lives, goes to school, worships, or volunteers in Salt Lake, Davis, Summit, Tooele, Wasatch, or Utah Counties. If you have an immediate family member who's already a member, that works too. The credit union also mentions that if they've donated to a charitable organization on your behalf, you can qualify. So if you're part of the Utah community, you're likely eligible.

You'll need a valid SSN or ITIN, be at least 18 years old, and you must mention this promotion when you open your account. Don't skip that step—if you don't mention it, you won't get the bonus.

What to Watch Out For

A few things to keep in mind. The $10 minimum deposit must stay in your primary savings account throughout the promotion period. Also, the bonus is considered interest and will be reported to the IRS on a 1099-MISC form, so you'll owe taxes on it.

The eligibility period for payouts is limited to six months from when you open your primary savings. So you have a window to complete all the steps. Also, the APY on the savings account is pretty low—0.05% for balances under $1,000 and 0.10% for $1,000 or more—so don't expect to earn much interest. This is purely a bonus play.

One more thing: you must open the account in person with a Financial Service Representative. You can't do this entirely online. So factor in a trip to a branch.

Bottom Line

• Earn up to $500 by completing multiple steps: open account, set up direct deposit, use your card, and get an auto loan.
• You must mention the promotion when opening your account in person.
• Bonuses are paid in increments over several months, so be patient.
• The $10 minimum deposit must stay in savings, and the bonus is taxable.

Common Questions