fbpx
  • 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.

  • Dade County Federal Credit Union Membership

    • Dade County Federal Credit Union headquarters is in Miami, Florida and has served members since 1991.
    • Manages over $1.21 Billion in assets and serves over 103,000 members.

    Membership: Live, work, worship, or attend school in Dade County.

  • Loyalty Credit Union Membership

    • LOYALTY Credit Union headquarters is in Pensacola, Florida and has served members since 1962.
    • Manages $306,356,282 in assets and serves 22,380 members.

    Membership: Live, work, or attend school in select Florida counties or relative of an existing member.

  • MPS Credit Union Membership

    • Miami Postal Service Credit Union headquarters is in Miami, Florida has been serving members since 1991.
    • Manages $190,645,555 in assets and serves 13,621 members.

    Membership: Lives, works, or worships in Miami-Dade, Broward, Palm Beach, Monroe, Martin, or St. Lucie Counties in Florida.

  • Orlando Credit Union Membership

    • Orlando Credit Union headquarters is in Orlando, Florida and has been serving members since 1936.
    • Manages $332,534,374 in assets and serves 26,466 members.

    Membership: Live, work, or worship in Lake, Orange, Osceola, Seminole, Volusia, Brevard, Polk, or Hillsborough County in Florida.

  • Panhandle Credit Union Membership

    • Panhandle Credit Union headquarters is in Panama City, Florida and has served members since 1957.
    • Manages $307,273,742 in assets and serves 15,542 members.

    Membership: Lives, works, worships, or attends school in Bay, Calhoun, Gulf, Holmes, Jackson, Walton, or Washington Counties in Florida.

  • Priority Credit Union Membership

    Priority Credit Union headquarters is in Orlando, Florida and has been serving members since 1930.

    Manages $64,841,797 in assets and serves 14,200 members.

    Membership: Open to postal employees and postal customers living specific zip codes in Florida.

  • Launch Credit Union Membership

    • Launch Credit Union headquarters is in Merritt Island, Florida, and has served members since 1963.
    • Manages $1,383,823,717 in assets and serves 84,315 members.

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

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.

Main Menu