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  • Abbey Credit Union, Inc

    Abbey Credit Union Membership

    • Abbey Credit Union is headquartered in Vandalia, Ohio and has been serving members since 1937.
    • Manages $150.2 Million in assets and serves over 12,000 members.

    Membership: Eligibility includes if you live, work, and attend school in designated counties in Ohio.

  • Cardinal Credit Union

    Cardinal Credit Union Membership

    • Cardinal Credit Union is headquartered in Mentor, Ohio and has been serving members since 1953.
    • Manages $285.55 Million in assets and serves over 23,000 members.

    Membership: If you live, work, worship, or attend school in Lake, Cuyahoga, Geauga, Ashtabula, Portage, Summit, Mahoning, Trumbull, and Columbiana counties in Ohio.

  • Connexus Credit Union logo

    Connexus Credit Union Membership

    • Connexus Credit Union is headquartered in Wausau, Wisconsin and has been serving members since 1935.
    • 4th largest credit union in Wisconsin, managing $5.43 Billion in assets, serving over 461,000 members.

    Membership: Eligibility includes affiliation to an association or group or those who live and work in specific counties in WI, MN, IL, and OH.

  • CSE Federal Credit Union

    CSE Federal Credit Union Membership

    • CSE Federal Credit Union is headquartered in Lake Charles, Louisiana and has been serving members since 1943.
    • 10th largest credit union in Louisiana, managing $434.64 Million in assets and serving over 34,000 members.

    Membership: Live, work, worship, attend school, or volunteer within Stark County, Ohio.

  • Day Air Credit Union

    Day Air Credit Union Membership

    • Day Air Credit Union is headquartered in Kettering, Ohio and has been serving members since 1944.
    • 9th largest credit union in Ohio, managing $760.66 Million in assets and serving over 51,000 members.

    Membership: A community charter allows the credit union to offer our products and services to specific communities in Ohio.

  • Desco Federal Credit Union

    Desco Federal Credit Union Membership

    • Desco Federal Credit Union is headquartered in Portsmouth, Ohio and has been serving members since 1963.
    • 19th largest credit union in Ohio, managing $463.27 Million in assets and serving over 28,000 members.

    Membership: Residents of Scioto and Lawrence Counties in Ohio, Boyd and Greenup Counties in Kentucky, and Cabell and Wayne Counties in West Virginia.

  • Dupaco Credit Union

    Dupaco Credit Union Membership

    • Dupaco Community Credit Union is headquartered in Dubuque, Iowa and has been serving members since 1948.
    • 3rd largest credit union in Iowa, managing $3.19 Billion in assets and serving over 162,000 members.

    Membership: You are eligible to join Dupaco if you live or work within the charter area or have an immediate family member who is a Dupaco member.

  • General Electric CU logo

    General Electric Credit Union Membership

    • General Electric Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • 2nd largest credit union in Ohio, with assets totaling $3.67 Billion and serving more than 198,000 members.

    Membership: GECU membership is open to anyone who resides in specific Ohio, Indiana, and Kentucky counties.

  • Midwest Community FCU logo

    Midwest Community Federal Credit Union Membership

    • Midwest Community Federal Credit Union is headquartered in Defiance, Ohio and has been serving members since 1954
    • Manages $233.7 Million in assets and serves over 14,000 members.

    Membership: You are eligible if you live, work, worship, or go to school in Defiance, Henry, Fulton, Paulding, Williams, and the northern two-thirds of Putnam County in Ohio.

  • Wright-Patt CU logo

    Wright-Patt Credit Union Membership

    • Wright-Patt Credit Union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services.
    • The largest credit union in Ohio, with assets totaling $5.73 Billion and serving over 409,000 members.

    Membership: Individuals living, working, or worshiping from Southwest and Central Ohio are eligible.

What is Banking?

Banking is a form of money management using products and services related to savings and loans.

Different Types of Financial Institutions

Banks

Banks are what we typically associate with banking. They come in different sizes: local, national, traditional and online-only. Federal or state agencies supervise banks. The FDIC insures deposits of participating banks.

Credit Unions

Credit unions are not-for-profit financial institutions. They offer products and services similar to banks with a focus on member service, not profit. The NCUA insures deposits from participating credit unions.

Alternative Financial Services

Many fintechs are non-chartered financial services companies that offer banking services. You might think of them as an app offering checking and savings accounts, debit cards, payments, etc. They are not banks but work with partner banks or credit unions to hold your deposits.

Types of Banking Accounts

Banking accounts help make financial transactions convenient.

Savings Account

A savings account helps you save your money. You’re storing your money for future use and hopefully earning a reasonable interest rate. Interest is the money you earn for letting the bank keep your money. Some financial institutions impose minimum deposits, withdrawal limits, and fees.

Checking Account

A checking account is a transactional account that allows you to make deposits and withdrawals of your money anytime. Checking accounts is not the best place to store your money, as the goal of the account is for use, not saving.

Most checking accounts do not pay interest, but some do. Be mindful of transaction limits, minimum balance requirements, and fees.

Debit Card

Checking accounts come with a debit card enabling you to spend your money conveniently. A debit card allows for making purchases at stores and online shopping. You can only spend the money that’s in your checking account. Additionally, you can use your debit card at ATMs to make deposits, withdrawals, check balances, and transfers between accounts.

Money Market Account

A money market account is a type of hybrid savings and checking account. It tends to have higher deposit requirements but often pays more interest than a savings account.

Certificate of Deposit (CD)

A certificate of deposit, also known as a CD, helps you save money with a set interest rate for a specific amount of time. Your cash is term-locked. In exchange, you get a higher interest rate compared to a traditional savings account. Certificate terms can start at 30 days and go to 5 or more years.

How to Choose the Best Banking Service

You have many choices on the type of account to use and the variety of financial institutions available. So, shop around. Ask the following questions to help you narrow down your choices:

  • What are the products and services offered?
  • What are the fees?
  • Are there minimum balance requirements?
  • Do I need a physical location (like a branch) or prefer better mobile app services?
  • Does local banking matter or is national big bank convenient?
  • Are deposits FDIC or NCUA insured?
  • How to access your money?
  • Debit card? ATM network?
  • Can I set auto-transfers, auto-payments, and alerts?

You want to determine how the banking provider aligns with your needs, the cost of services, safety, security, and overall convenience.

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