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  • Neighbors Federal Credit Union Membership

    • Neighbors Federal Credit Union headquarters is in Baton Rouge, Louisiana and has served members since 1954.
    • Manages over $1.21 Billion in assets and serves over 82,000 members.

    Membership: Lives, works, worships, or attends school in the nine Louisiana parishes.

  • Mazuma Credit Union Membership

    • Mazuma Credit Union headquarters is in Overland Park, Kansas and has been serving members since 1948.
    • Manages over $973.89 million in assets and serves over 73,000 members.

    Membership: Live or work in Jackson, Cass, Clay, or Platte counties in Missouri, and Wyandotte or Johnson County in Kansas.

  • Service One Credit Union Membership

    • Service One Credit Union headquarters is in Bowling Green, Kentucky and has served members since 1963.
    • Manages over $274.63 million in assets and serves over 17,000 members.

    Membership: Lives, works, worships, or attends school in any of the Kentucky counties served by the credit union.

  • Park Community Credit Union Membership

    • Park Community Credit Union headquarters is in Louisville, Kentucky and has been serving members since 1955
    • Manages over $1.33 Billion in assets and serves over 77,000 members.

    Membership: Live, work, worship, or attend school in one of our qualifying areas.

  • Lewis Clark Credit Union Membership

    • Lewis Clark Credit Union headquarters is in Lewiston, Idaho has been serving members since 1939.
    • Manages over $240 million in assets and serves over 20,000 members.

    Membership: Open to anyone who meets the credit union’s requirements.

  • Latah Credit Union Membership

    • Latah Federal Credit Union headquarters is in Moscow, Idaho has been serving members since 1969.
    • Manages over $154 million in assets and serves over 8,000 members.

    Membership: Live, work, volunteer, worship, do business in, or go to school in specific Idaho Counties.

  • Freedom Northwest Credit Union Membership

    • Freedom Northwest Credit Union headquarters is in Kamiah, Idaho and has served members since 1963.
    • Manages over $613 million in assets and serves over 13,000 members.

    Membership: Open to communities served by the credit union.

  • Clarity Credit Union Membership

    • Clarity Credit Union headquarters is in Nampa, Idaho and has been serving members since 1948.
    • Manages $194 million in assets and serves 18,000 members.

    Membership: Live, work, worship, or attend school in specific Idaho counties.

  • Connections Credit Union Membership

    • Connections Credit Union headquarters is in Pocatello, Idaho has been serving members since 1937.
    • Manages $246 million in assets and serves 20,000 members.

    Membership: Live or work in specific Idaho counties.

  • Tidemark Federal Credit Union Membership

    • Tidemark Federal Credit Union is headquartered in Seaford, Delaware and has served members since 1959.
    • 3rd largest credit union in Delaware, managing $456.87 Million in assets and serving over 20,000 members.

    Membership: Live in Delaware’s Sussex or Kent Counties or the Maryland counties of Somerset, Worcester, or Wicomico.

  • Stepping Stones Community FCU Membership

    • Stepping Stones Community Federal Credit Union is headquartered in Wilmington, Delaware and has served members since 2011.
    • 17th largest credit union in Delaware, managing $4.55 Million in assets and serving over 2,000 members.

    Membership: Anyone in your family lives, works, worships, studies, or volunteers in the city of Wilmington.

  • OAS Federal Credit Union Membership

    • OAS Staff Federal Credit Union is headquartered in Washington, Washington, D.C. and has served members since 1962.
    • 6th largest credit union in Washington, D.C., managing $273.86 Million in assets and serving over 9,000 members.

    Membership: Related to an immediate family who is a member of the credit union.

  • Nutmeg State Financial Credit Union Membership

    • Nutmeg State Credit Union is headquartered in Rocky Hill, Connecticut and has been serving members since 1935.
    • 6th largest credit union in Connecticut, managing $565.57 Million in assets and serving over 43,000 members.

    Membership: Live, work, worship, attend school, or volunteer in select Connecticut counties.

  • Members Credit Union Membership

    • Members Credit Union is headquartered in Cos Cob, Connecticut and has been serving members since 1935.
    • Manages $44.45 Million in assets and serves over 4,000 members.

    Membership: Live, work, worship, or learn in select counties in Connecticut.

  • Connex Credit Union Membership

    • Connex Credit Union is headquartered in North Haven, Connecticut and has served members since 1940.
    • 5th largest credit union in Connecticut, managing $998.88 Million in assets and serving over 69,000 members.

    Membership: Lives, works, worships, or attends school in New Haven, Hartford, Middlesex, or Fairfield County.

  • Community Choice Credit Union (Colorado) Membership

    • Community Choice Credit Union is headquartered in Commerce City, Colorado and has been serving members since 1952
    • Manages $99.67 Million in assets and serves over 7,000 members.

    Membership: Anyone employed by the Commerce City Business and Professional Association member is 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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