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  • Dade County Federal Credit Union

    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.

  • First Florida Credit Union

    First Florida Credit Union Membership

    • First Florida Credit Union headquarters is in Jacksonville, Florida and has been serving members since 1950.
    • Manages over $1.35 Billion in assets and serves over 62,000 members.

    Membership: Live and work in select Florida counties.

  • Publix Employees Federal Credit Union

    Publix Employees Federal Credit Union Membership

    • Publix Employees Federal Credit Union headquarters is in Lakeland, Florida and has served members since 1978.
    • Manages over $1.38 billion in assets and serves over 112,000 members.

    Membership: Retired and current associates of Publix Super Markets, Inc.

  • Educational Federal Credit Union Florida

    Educational Federal Credit Union Membership (Florida)

    • Educational Federal Credit Union headquarters is in Miami, Florida and has been serving members since 1935.
    • Manages over $1.59 Billion in assets and serves over 99,000 members.

    Membership: Employee or retired as pensioner or annuitant from select employers or student in a partnered school.

  • Tyndall Federal Credit Union

    Tyndall Federal Credit Union Membership

    • Tyndall Federal Credit Union headquarters is in Panama City, Florida and has been serving members since 1956.
    • Manages over $1.92 billion in assets and serves over 112,000 members.

    Membership: Live, work, worship, attend school, or volunteer in the Panhandle of Florida or Southern Alabama.

  • iThink Financial Credit Union

    iThink Financial Credit Union Membership

    • iTHINK Financial Credit Union headquarters is in Delray Beach, Florida and has been serving members since 1969.
    • Manages over $2.16 billion in assets and serves over 106,000 members.

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

  • Community First Credit Union Florida

    Community First Credit Union Florida Membership

    • Community First Credit Union headquarters is in Jacksonville, Florida has been serving members since 1961.
    • Manages $2.7 billion in assets and serves over 172,000 members.

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

  • Achieva Credit Union

    Achieva Credit Union Membership

    • Achieva Credit Union headquarters is in Dunedin, Florida and has been serving members since 1937.
    • Manages $2.78 billion in assets and serves over 192,000 members.

    Membership: Live or work in select Florida counties.

  • Addition Financial Credit Union

    Addition Financial Credit Union Membership

    • Addition Financial Credit Union headquarters is in Lake Mary, Florida and has been serving members since 1937.
    • Manages $2.83 billion in assets and serves over 174,000 members.

    Membership: Lives, works, worships, attends school or vocational training in select Florida counties.

  • Eglin Federal Credit Union

    Eglin Federal Credit Union Membership

    • Eglin Federal Credit Union headquarters in Fort Walton Beach, Florida has served members since 1954.
    • Manages over $2.85 billion in assets and proudly serves over 125,000 members.

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

  • PenAir Credit Union

    PenAir Credit Union Membership

    • Pen Air Credit Union headquarters is in Pensacola, Florida and has served members since 1936.
    • Manages $2.93 billion in assets and serves over 126,000 members.

    Membership: Live, work, worship, or attend school in one of the eligible 17 counties between Tallahassee, FL and Mobile, AL.

  • CampusUSA Credit Union

    Campus USA Credit Union Membership

    • Campus USA Credit Union headquarters is in Gainesville, Florida and has served members since 1935.
    • Manages $3,150,827,263 and serves 154,133 members.

    Membership: Live, work, or go to school in, and businesses/other entities located in select Florida counties.

  • Gulf Winds Credit Union

    Gulf Winds Credit Union Membership

    • Gulf Winds Credit Union headquarters is in Pensacola, Florida and has served members since 1954.
    • Manages $1,087,711,368 in assets and serves 83,184 members.

    Membership: Lives, works, worships, or attends school in one of the 75 counties served in Florida, Alabama, and Georgia.

  • Loyalty Credit Union

    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

    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

    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.

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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