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  • Tucson Old Puebloe CU logo

    Tucson Old Pueblo Credit Union Membership

    • Tucson Old Pueblo Credit Union is headquartered in Tucson, Arizona and has been serving members since 1935.
    • 20th largest credit union in the state of Arizona, managing $217.45 Million in assets and serving over 18,000 members.

    Membership: You are eligible for membership if you live, work, or go to school in Tucson, Arizona.

  • America First CU logo

    America First Credit Union Membership

    • America First Credit Union is headquartered in Riverdale, Utah, offering banking services.
    • The largest credit union in Utah with assets totaling $13.4 Billion and serving over 1.13 million members.

    Membership: To become a member, you must meet eligibility such as living, working, worship, volunteering, or attending school in many areas in Utah, Nevada, Idaho, and Arizona.

  • Logix logo

    Logix Federal Credit Union Membership

    • Logix Federal Credit Union is a member-owned financial cooperative providing financial banking services.
    • The 7th largest credit union in California, with assets totaling $7.19 Billion and serving over 209,000 members.

    Membership: Residents of AZ, CA, DC, MA, MD, ME, NH, NV, and VA, but primarily serves transportation (as Lockheed) equipment employees.

  • Desert Financial CU logo

    Desert Financial Credit Union Membership

    • Desert Financial Credit Union offers traditional banking products and services, including checking, savings, and credit cards.
    • The largest credit union in Arizona, with assets totaling $6 Billion and serving over 335,000 members.

    Membership: Live, work, attend school, volunteer, or worship in our membership coverage area, which includes all of Arizona, excluding some counties.

  • Avenir Financial Credit Union

    Avenir Financial Credit Union Membership

    • AEA Federal Credit Union is headquartered in Yuma, Arizona and has been serving members since 1942.
    • 14th largest credit union in the state of Arizona, managing $384.83 Million in assets and serving over 34,000 members.

    Membership: Open to you or an immediate family member who lives, works, worships, or attends school in either Yuma or La Paz County, Arizona.

  • OneAZ Credit Union

    OneAZ Credit Union Membership

    • OneAZ Credit Union is headquartered in Phoenix, Arizona and has been serving members since 1972.
    • 2nd largest credit union in Arizona, managing $3.37 Billion in assets and serving over 184,000 members.

    Membership: You are eligible for membership if you live, work, attend school, volunteer, or worship in Arizona.

  • Arizona Financial Credit Union

    Arizona Financial Credit Union Membership

    • Arizona Financial Credit Union is headquartered in Phoenix, Arizona and has served members since 1936.
    • 3rd largest credit union in Arizona, managing $3.29 Billion in assets and serving over 164,000 members.

    Membership: Anyone who lives, works, worships, volunteers, attends school, or regularly conducts business in a specific Arizona county.

  • Vantage West Credit Union

    Vantage West Credit Union Membership

    • Vantage West Credit Union is headquartered in Tucson, Arizona and has served members since 1955.
    • 4th largest credit union in Arizona, managing $2.78 Billion in assets and serving over 183,000 members.

    Membership: Open to any person or business who lives, works, worships, attends school, or volunteers in designated geographic areas in Arizona.

  • Hughes Federal Credit Union

    Hughes Federal Credit Union Membership

    • Hughes Federal Credit Union is headquartered in Tucson, Arizona and has served members since 1951.
    • 5th largest credit union in Arizona, managing $1.92 Billion in assets and serving over 178,000 members.

    Membership: Live, work, worship, or attend school in Tucson

  • TruWest Credit Union

    TruWest Credit Union Membership

    • TruWest Credit Union is headquartered in Tempe, Arizona and has been serving members since 1952
    • 6th largest credit union in Arizona, managing $1.61 Billion in assets and serving over 91,000 members.

    Membership: Live, work, or have a business located in the designated counties in Arizona.

  • Credit Union West

    Credit Union West Membership

    • Credit Union West is headquartered in Glendale, Arizona and has served members since 1951.
    • 7th largest credit union in Arizona, managing $1.17 Billion in assets and serving over 90,000 members.

    Membership: Live, work, or worship in Maricopa, Pima, Pinal, Yavapai, Yuma, Mohave, Coconino, Cochise, Navajo, Apache, and Gila County.

  • Pima Federal Credit Union

    Pima Federal Credit Union Membership

    • Pima Federal Credit Union is headquartered in Tucson, Arizona and has served members since 1951.
    • 8th largest credit union in Arizona, managing $1.13 Billion in assets and serving over 65,000 members.

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

  • Arizona Central Credit Union

    Arizona Central Credit Union Membership

    • Arizona Central Credit Union is headquartered in Phoenix, Arizona and has served members since 1939.
    • 9th largest credit union in Arizona, managing $750.85 Million in assets and serving over 100,000 members.

    Membership: Everyone is welcome to apply.

  • Tuscon Federal Credit Union

    Tucson Federal Credit Union Membership

    • Tucson Federal Credit Union is headquartered in Tucson, Arizona and has served members since 1937.
    • 10th largest credit union in Arizona, managing $692.71 Million in assets and serving over 59,000 members.

    Membership: You live, work, volunteer, worship, or attend school in Pima County or if you are an immediate family or household member of someone who satisfies one of the previous criteria.

  • Copper State Credit Union

    Copper State Credit Union Membership

    • Copper State Credit Union is headquartered in Phoenix, Arizona and has served members since 1951.
    • 12th largest credit union in Arizona, managing $604.34 Million in assets and serving over 47,000 members.

    Membership: Live, work, attend school, or worship in the designated Arizona counties.

  • SunWest Credit Union

    SunWest Credit Union Membership

    • SunWest Federal Credit Union is headquartered in Phoenix, Arizona and has served members since 1937.
    • 13th largest credit union in Arizona, managing $572.79 Million in assets and serving over 56,000 members.

    Membership: You live, work, worship, or attend school in Maricopa or Pima County.

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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