To LADOC00:
not fishy at all. Quite a few banks have offered high-yield checking accounts with the exact same terms as the OP's CU. Just a requirement to have one DD and 10-12 debit card transactions/month to earn 5-6% APY.
To ActiveDutyMD:
The way people have gotten around this (without losing this game) is to have everything automatic. The DD would be automatic, and the debit card transactions were to 10-12 different charities that allow donations as low as $1/month. If you search around on FatWallet or CreditBoards or other forums, these people already did their homework for you and made a list of all the charitable organizations that allow $1/month donations or $5 or whatever. So basically, looking at the bare minimum for this CU that the OP suggests, you would only have to donate $12/month. Thing is, this $12 is tax-deductible (if you itemize your tax returns), so it's not like you're "giving away" this money. So it's an additional $144/year you can deduct, and you can still save starving people/save rainforests/clothe babies/medicate puppies/etc and feel good about it.
It's all a game. Learn to play it.
To PreMD86:
This is borderline (OK, very) nosy of me, but as a 21-year-old pre-med college student, what are your secrets to having $100K? Are you a hotshot entrepreneur (I'm just now getting into this...wish I had started as a teenager) or have you worked full-time in college since freshman year? Wow, I admire your hard work. It's so impossible to balance full-time work with full-time school and so draining on one's health and sanity and safety, so kudos for amassing $100K by age 21. I'm just barely under that in student loans, and I'm working more hours than interns for less than half $100K at this point--evil. Your MDApplicants says you worked in retail and research: what kind of position pays that lucratively? Damn dude. 👍