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  • Blue FCU logo

    Blue Federal Credit Union Membership

    • Blue Federal Credit Union is headquartered in Cheyenne, Wyoming  serving members since 1951.
    • The largest credit union in the state of Wyoming managing $1.9 Billion in assets serving over 120,000 members.

    Membership: Eligibility for Wyoming and Colorado residents.

  • Stage Point FCU logo

    Stage Point Federal Credit Union Membership

    • StagePoint Federal Credit Union is headquartered in Laramie, Wyoming and has been serving members since 1935.
    • It is the 12th largest credit union in the state of Wyoming, managing $78.46 Million in assets and serving over 6,000 members.

    Membership: Open to residents and businesses within the greater Laramie area.

  • Zing Credit Union

    Zing Credit Union Membership

    • Zing Credit Union is headquartered in Denver, Colorado and has been serving members since 1934.
    • 12th largest credit union in the state of Colorado, managing $420.25 Million in assets and serving over 37,000 members.

    Membership: Eligible if you live and work in specific counties in the Greater Denver area.

  • Security Service FCU logo

    Security Service Federal Credit Union Membership

    • Security Service Federal Credit Union offers financial services to members.
    • The 2nd largest credit union in Texas with assets totaling $10.16 Billion and serving over 805,000 members.

    Membership: Live, work, worship, attend school, volunteer, or your business is located in Texas, Colorado, or Utah.

  • ENT logo

    Ent Credit Union Membership

    • Ent Credit Union is a community-based financial institution that provides a full range of personal and business financial solutions through more than 30 service centers.
    • The largest credit union in Colorado, with assets totaling $6.92 Billion and serving over 389,000 members.

    Membership: Open to those who live, work, worship, or attend school in select Colorado counties.

  • Bellco CU logo

    Bellco Credit Union Membership

    • Bellco Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • The 2nd largest credit union in Colorado, with assets totaling $5.57 Billion and serving over 348,000 members.

    Membership: Anyone who lives or works in specific geographic areas inside and outside Colorado.

  • Canvas Credit Union logo

    Canvas Credit Union Membership

    • Canvas Credit Union is headquartered in Lone Tree, Colorado and has been serving members since 1938.
    • 3rd largest credit union in Colorado, managing $4.32 Billion in assets and serving over 293,000 members.

    Membership: Eligibility includes living in a charter area, working for a partner employer, or related to an existing member.

  • Elevations Credit Union

    Elevations Credit Union Membership

    • Elevations Credit Union is headquartered in Boulder, Colorado and has been serving members since 1952.
    • 4th largest credit union in Colorado, managing $3.41 Billion in assets and serving over 178,000 members.

    Membership: Live or work in designated counties in Colorado or employed by a partner company.

  • Arapahoe Credit Union

    Arapahoe Credit Union Membership

    • Arapahoe Credit Union is headquartered in Centennial, Colorado and has served members since 1938.
    • 25th largest credit union in Colorado, managing $166.51 Million in assets and serving over 13,000 members,

    Membership: Live, work, or attend school in selected Colorado counties.

  • Aventa Credit Union

    Aventa Credit Union Membership

    • Aventa Credit Union is headquartered in Colorado Springs, Colorado and has been serving members since 1957.
    • 17th largest credit union in Colorado, managing $291.21 Million in assets and serving over 35,000 members.

    Membership: Live or work in select counties in Colorado.

  • Columbine Federal Credit Union

    Columbine Federal Credit Union Membership

    • Columbine Federal Credit Union is headquartered in Centennial, Colorado and has served members since 1957.
    • Manages $63.39 Million in assets and serves over 7,000 members.

    Membership: Live in Arapahoe County or the City of Littleton.

  • Community Choice Credit Union

    Community Choice Credit Union (Michigan) Membership

    • Community Choice Credit Union is headquartered in Farmington Hills, Michigan and has been serving members since 1935.
    • 11th largest credit union in Michigan, managing $1.79 Billion in assets and serving over 115,000 members.

    Membership: Live, work, or worship in the State of Michigan.

  • Community Choice Credit Union Colorado

    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.

  • NuVista Federal Credit Union

    NuVista Federal Credit Union Membership

    • NuVista Federal Credit Union is headquartered in Montrose, Colorado and has served members since 1964.
    • Manages $141.67 Million in assets and serves over 7,000 members.

    Membership: Anyone who lives, works, worships, or attends school in Montrose, Delta, Gunnison, Ouray, and San Miguel 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.

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