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  • Nasa Federal CU logo

    NASA Federal Credit Union Membership

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    • NASA Federal Credit Union is headquartered in Upper Marlboro, Maryland providing checking, auto loans, personal loans, savings and investments to credit union members.
    • 3rd largest credit union in Maryland with assets totaling $3.31 Billion and providing banking services to more than 186,000 members.

    Membership: Employee or retiree of NASA Headquarters, any NASA Center or Facility, or National Academy of Sciences (NAS), member of 900+ associations, or relative to current member.

     

  • Wings Financial CU logo

    Wings Financial Credit Union Membership

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    • Wings Financial Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • Minnesota’s largest credit union has assets totaling $6.18 billion and serves over 296,000 members.

    Membership: Anyone who lives or works in specific geographic areas in WA, MI, MN, WI, FL, and GA.

  • State Employees Credit Union Membership (North Carolina)

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    • State Employees Credit Union in North Carolina is the largest in the state, offering banking and financial services.
    • Managing over $42.85 billion in assets and serving over 2.49 million members.
    Membership: Membership is limited to employees of the state of North Carolina.
  • Lake Trust Credit Union Membership

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    • Lake Trust Credit Union is headquartered in Brighton, Michigan and has been serving members since 1944.
    • 8th largest credit union in the state of Michigan, managing $2.58 Billion in assets, serving over 178,000 members.

    Membership: Live, work, worship, or attend school in Michigan.

  • Lookout Credit Union Membership

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    • Lookout Credit Union is headquartered in Pocatello, Idaho, serving members since 1952.
    • 9th largest credit union in the state of Idaho, manages $335.82 Million in assets and serves over 28,000 members.

    Membership: Open to everyone who works with partner employers or is a member of specific associations and groups.

  • Find Coinstar Kiosk - Count Your Coins

    Coinstar / Turn Your Coins to Cash, eGift Card or Donate to Charity

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    Coinstar offers a convenient and accessible solution for individuals who want to convert loose change into usable cash or gift cards. Find a Coinstar kiosk near you.

  • Blue FCU logo

    Blue Federal Credit Union Membership

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    • 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.

  • Acorns Banking Review Mighty Oak

    Acorns Banking / High-Yield Checking Account and Emergency Fund

    Brand:Acorns
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    Acorns banking is a checking account, emergency savings, and debit card that saves, invests, and earns money for you.

    • No minimum balance or overdraft fees.
  • Puerto Rico Employee Groups FCU

    Puerto Rico Employee Groups FCU Membership

    • Puerto Rico Employee Groups Federal Credit Union is headquartered in Puerto Nuevo, PR, and has been serving members since 1959.
    • Manages over $3.2 million in assets and serves over 900 members.

    Membership: Must meet the eligibility requirement of the credit union.

  • Universal Coop Federal Credit Union

    Universal Coop Federal Credit Union Membership

    • Universal Coop Federal Credit Union is headquartered in Rio Grande, PR, and has been serving members since 1957.
    • Manages over $27 million in assets and serves over 3,400 members.

    Membership: Must meet the eligibility requirement of the credit union.

  • Stash Banking Review

    Stash Banking / Stock-Back Rewards Debit Card & Digital Account

    Brand:Stash

    Stash banking is a digital account with the Stock-Back® debit card that allows users to spend on well-known brands and be rewarded with a piece of matching stock.

  • FAMILIAR COOP

    Familiar Coop

    • Familiar Coop is headquartered in Río Piedras, Puerto Rico, and has been serving members since 1955.

    Membership: Simply fill out a brief application.

  • Nuestra Coop

    Nuestra Coop Membership

    • Nuestra Coop is headquartered in San Juan, PR.

    Membership: Meet the requirements set by the credit union.

  • Puerto Rico Federal Credit Union

    Puerto Rico Federal Credit Union Membership

    • Puerto Rico Federal Credit Union is headquartered in San Juan, PR, and has been serving members since 1960.
    • Manages over $214 million in assets and serves over 23,800 members.

    Membership: Must meet the eligibility requirement of the credit union.

  • San Rafael Coop

    San Rafael Coop Membership

    • San Rafael Coop is headquartered in Quebradillas, PR.
    • Manages over $220 million in assets and serves over 30,000 members.

    Membership: Must meet the requirements set by the credit union.

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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