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  • Premier America Credit Union

    Premier America Credit Union Membership

    • Premier America Credit Union is headquartered in Chatsworth, California and has been serving members since 1957.
    • 21st largest credit union in California, managing $3.54 Billion in assets and serving over 115,000 members.

    Membership: Live, work, worship, or attend school in Los Angeles County and Ventura County in California or in Houston, TX.

  • ufcu logo

    University Federal Credit Union Membership

    • University Federal Credit Union provides financial solutions such as loans, investment, savings, credit and debit cards, online banking, and other related services.
    • 8th largest in the United States with assets totaling $3.14 Billion and providing banking services to more than 324,000 members.

    Membership: Employed by a company, enrolled or employed by a school, or belong to an association in the field of membership. Immediate family member of a existing member.

  • GECU logo

    GECU Membership

    • GECU is a member-owned financial cooperative headquartered in El Paso, Texas,providing banking services including savings, loans, and other financial services to members.
    • 7th largest credit union in Texas with assets totaling $3.39 Billion and providing banking services to more than 395,000 members.

    Membership: Open to anyone within the communities served. Designated as a Community Development Financial Institution and federally insured by NCUA.

  • Credit Human Federal Credit Union Membership

    • Credit Human Federal Credit Union is a member-owned, member-directed, and member-governed credit union offering checking, loans, and savings to credit union members.
    • Manages over $4.2 billion in assets and serves over 240,000 members.

    Membership: Live, work, worship, or attend school in San Antonio, TX and New Orleans, LA service area.

  • Rally CU logo

    Rally Credit Union Membership

    • Rally Credit Union has been open since 1955 providing banking services including savings, loans, and other financial services to members.
    • 5th largest credit union in Texas with assets totaling $3.53 Billion and providing banking services to more than 188,000 members.

    Membership: If you live, work, worship or go to school in any of the select South Texas counties. Immediate family of current members are eligible too.

  • TDECU logo

    TDECU Membership

    • TDECU (Texas Dow Employees Credit Union) is a member-owned financial cooperative offering checking, savings, loans, and other financial services.
    • It’s the 4th largest credit union in Texas, with assets totaling $3.96 Billion and serving more than 341,000 members.

    Membership: Lives, works, worships, or attends school in one of the select Texas counties.

  • American Airlines CU logo

    American Airlines Federal Credit Union Membership

    • American Airlines Federal Credit Union is a not-for-profit, member-owned financial cooperative providing financial banking services to transportation service employees.
    • 19th largest in the United States, with assets totaling $8.44 Billion and serving over 312,000 members.

    Membership: Open to anyone working in the Air Transportation Industry.

  • 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.

  • RBFCU logo

    Randolph-Brooks Federal Credit Union (RBFCU) Membership

    • Randolph-Brooks Federal Credit Union (RBFCU) is headquartered in Live Oak, Texas, offering banking services.
    • The largest credit union in Texas with assets totaling $11.71 Billion and serving over 901,000 members.

    Membership: There are more than 3,500 ways to qualify for membership.

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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