Phishing alert: We’ve received reports of SELCO impersonators calling members about fraudulent transactions. As a reminder, SELCO will never contact you requesting sensitive information, including card numbers or login credentials. If you receive one of these calls, please hang up immediately.

SELCO branches and contact centers will be closed Monday, October 12 in observance of Indigenous Peoples’ Day. Account access and support will still be available through digital banking and our virtual phone assistant.

Blue checking accounts icon

Refer a Friend and You Both Earn $50

Invite friends and family members to join the SELCO community. When they open a checking or loan, you both will earn $50 cash. 

Two women smiling and looking at a phone.

Pass along the perks of SELCO membership

We love our members, and we’d like to have more members like you. With Refer-a Friend, you can invite friends and family you think would benefit from SELCO’s products and services. When they open a checking account or loan, you both win with an extra money in your pockets. 

3 steps to earn a SELCO referral cash payout

You (referring member):

  1. Log into digital banking and select the Refer-a-Friend link from the Services menu.
  2. Copy and paste the one-time personal referral code into the communication channel of your choice (text, email, etc.) and deliver it to your friend.
  3. When they complete their steps, we’ll automatically deposit the cash payout into your account.*

That’s it. Grab a new code for each individual you want to refer. There’s no limit.

Friend or family member (referred member):

  1. Choose a checking or loan account and apply online or in person at a SELCO branch using your personal referral code.
  2. Use your personal referral code to open and fund the qualifying account
  3. We’ll automatically deposit your cash payout once your account is open.

Once you’re a member, you can continue to earn by referring your own friends and family. 

You will get your cash pay out within 2 business days of when your friend/family member opens their account. It will be credited to your new checking (or membership account if you opened a loan).

To participate in SELCO's Refer-a-friend program you must not currently be a for SELCO member, be at least 18 years old, and open a new personal membership account plus a checking account or loan as the primary account holder.

You can refer as many people as you want to SELCO's Refer-a-friend program. That individual will need to meet the eligibility requirements and they will need the unique promo code from you.

The eligibility requirements of SELCO's Refer-a-Friend program are that you must be 18 years of and be new to SELCO (your tax id cannot be associated with any current SELCO account as primary or joint owner within the last 30 days). 

*Disclosure

Participation in SELCO’s Refer-a-Friend Program (the “program”) constitutes agreement to these disclosures, SELCO’s Membership and Account Agreement, and all applicable rate, fee, and account disclosures provided at account opening or otherwise provided by SELCO.

To refer a friend, you must be a current SELCO member in good standing, at least eighteen (18) years of age, and hold a personal account with SELCO.  There is no limit to the number of referrals an eligible referring member may make.  “Good standing” means your account is not overdrawn or subject to any legal restraint and you are not past due on any obligation owed to SELCO.

To qualify as a referred friend, you must be eligible for SELCO membership, be at least eighteen (18) years of age, and open a new personal membership account plus a checking account or loan as the primary account holder. Each individual is eligible to receive only one (1) referred‑friend payout over the individual’s lifetime. Current primary or joint owners on any existing SELCO account or individuals that have closed a SELCO account within thirty (30) days are not eligible for referral.

After the referred friend has successfully opened qualifying accounts, the payouts will be deposited into each participating individual’s checking account or, if no checking account exists, into the membership savings accounts. Due to the nature of the program, referring members will know whether a referred friend has joined SELCO and opened qualifying accounts.

Referral payouts are considered “bonuses” and may be reported to the Internal Revenue Service on Form 1099 or another applicable tax reporting form. Each recipient is solely responsible for any federal, state, or local tax obligations arising from receipt of a referral payout.

The Program is open only to natural persons acting on their own behalf. SELCO employees are not eligible to participate as either referring members or referred friends. Ineligible members and accounts also include businesses, trusts, estates, custodial or UTMA accounts, conservatorship accounts, community donation accounts, and similar fiduciary or entity-held accounts. SELCO reserves the right, in its sole discretion, to further restrict participation in the Program. The Program may not be combined with other SELCO promotional offers unless expressly permitted by SELCO. Self-referrals, fraudulent conduct, misuse of referral tools, or abuse of referral codes are prohibited. SELCO reserves the right to modify any aspects of the program and to suspend or terminate the Program, in whole or in part, at any time and without prior notice. All determinations made by SELCO regarding eligibility, fulfillment, and payout under the Program are final and binding.