• DuPont Community Credit Union

    DuPont Community Credit Union Membership

    • DuPont Community Credit Union is headquartered in Waynesboro, Virginia and has been serving members since 1959.
    • 10th largest credit union in Virginia, managing $1.79 Billion in assets and serving over 117,000 members.

    Membership: Open to anyone who lives, works, worships, attends school, or volunteers within the credit union’s field of membership.

  • Democracy Federal Credit Union

    Democracy Federal Credit Union Membership

    • Democracy Federal Credit Union is headquartered in Alexandria, Virginia and has been serving members since 1936.
    • Manages $184.37 Million in assets and serves over 12,000 members.

    Membership: You can join the credit union through your residence, family relationship, or employer.

  • Truliant Federal Credit Union

    Truliant Federal Credit Union Membership

    • Truliant Federal Credit Union is headquartered in Winston-Salem, North Carolina and has been serving members since 1952.
    • 3rd largest credit union in North Carolina, managing $4.72 Billion in assets and serving over 324,000 members.

    Membership: Eligibility includes if you live, work, worship or attend school in a county near one of Truliant’s branches.

  • Apple FCU logo

    Apple Federal Credit Union Membership

    • Apple Federal Credit Union offers financial services, including online services, checking, consumer loans, savings, mortgages, and investments to credit union members.
    • 6th largest credit union in Virginia with assets totaling $3.36 Billion and providing banking services to more than 225,000 members.

    Membership: Eligibility includes living, working, or attending school in select counties and districts.

  • Langley FCU logo

    Langley Federal Credit Union Membership

    • Langley Federal Credit Union is a US credit union headquartered in Newport News, Virginia and has been open since 1936.
    • 5th largest credit union in Virginia with assets totaling $3.44 Billion and providing banking services to more than 275,000 members.

    Membership: Available to employees at over 1,000 employers and associations in the Hamptons Roads Area. Immediate family members of current members eligible too.

  • Northwest FCU logo

    Northwest Federal Credit Union Membership

    • Northwest Federal Credit Union is a member-owned financial cooperative providing banking services.
    • It’s the 4th largest credit union in Virginia with assets totaling $4.01 Billion and serving more than 247,000 members.

    Membership: Eligible as an employee of company partners, belong to a community partner, work or have worked for government agencies, and many other ways to join.

  • Virginia CU logo

    Virginia Credit Union Membership

    • Virginia Credit Union is a member-owned financial cooperative providing checking, savings, loans, and other financial services.
    • Virginia’s 3rd largest credit union, with assets totaling $4.29 Billion and serving more than 308,000 members.

    Membership: Employees and retirees of partner companies. Live, work, worship, volunteer, or attend schools in select Virginia cities and counties.

  • 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.

  • PenFed CU logo

    PenFed Credit Union Membership

    • PenFed is headquartered in McLean, Virginia, offering financial services.
    • The 2nd largest credit union in Virginia with assets totaling $25.92 Billion and serving over 2.04 million members.

    Membership: Open to everyone.

  • Navy Federal Credit Union logo

    Navy Federal Credit Union Membership

    • Navy Federal Credit Union is a not-for-profit, member-owned financial cooperative offering banking products, credit cards, loans, and financial services.
    • The largest credit union in the United States with assets totaling $125.58 Billion and serving over 9.2 million members.
    Membership: The credit union services are available to U.S. military members.

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 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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