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  • 1199 SEIU FCU

    1199 SEIU FCU Membership

    • 1199 SEIU Federal Credit Union is headquartered in New York, New York and has been serving members since 1940.
    • Manages $89.3 Million in assets and serves over 15,000 members.

    Membership: Must be an active 1199 SEIU Healthcare Workers East member

  • 121 Financial CU logo

    121 Financial Credit Union Membership

    • 121 Financial Credit Union is headquartered in Jacksonville, Florida, and has been serving members since 1935 offering savings, checking, loans, credit and debit cards, online banking, and other related services.
    • Manages $709.88 Million in assets and serves over 50,000 members.

    Membership: 121 Financial offers financial products and services tailored to the unique needs of residents within Florida. Membership is also open to the immediate family of current members.

  • 1ST Bergen Federal Credit Union

    1ST Bergen Federal Credit Union Membership

    • 1st Bergen Credit Union is headquartered in Hackensack, New Jersey and has been serving members since 2009.
    • Manages $8.91 Million in assets and serves over 2,000 members.

    Membership: Live, work, worship, volunteer, attend school, or conduct business in Bergen County, Ocean County, Paterson, or Jersey City, NJ.

  • 1st Choice Credit Union

    1st Choice Credit Union Membership

    • 1st Choice Credit Union is headquartered in Atlanta, Georgia and has been serving members since 1991.
    • Manages $37.42 Million in assets and serves over 6,000 members.

    Membership: Eligibility includes those who live and work in designated areas in Georgia.

  • 1st Class Express Credit Union

    1st Class Express Credit Union Membership

    • 1st Class Express Credit Union headquarters is in Waukesha, Wisconsin and has served members since 1932.
    • Manages $2,429,027 in assets and serves 648 members.

    Membership: Open to serving residents within its charter in Wisconsin.

  • 1st Community Credit Union

    1st Community Credit Union Membership

    • 1st Community Credit Union is headquartered in Sparta, Wisconsin and has been serving members since 1961.
    • Manages $262,800,144 in assets and serves 15,347.

    Membership: Lives and works in specific Wisconsin counties.

  • 1st Mississippi Federal Credit Union

    1st Mississippi Federal Credit Union Membership

    • 1st Mississippi Federal Credit Union is headquartered in Meridian, Mississippi and has been serving members since 1972.
    • 15th largest credit union in the state of Mississippi, managing $78.05 Million in assets and serving over 11,000 members.

    Membership: If you live, work, worship, or attend school in Lauderdale or Clarke County, Mississippi,

  • 705 Federal Credit Union

    705 Federal Credit Union Membership

    • 705 Federal Credit Union is headquartered in Lafayette, Louisiana and has been serving members since 1968.
    • Manages $43.49 million in assets, serves over 4,000 members, and employs 15 people as of February 2024.

    Membership: Employee of one of a partnered companies or have a family member who is a member.

  • Abbey Credit Union, Inc

    Abbey Credit Union Membership

    • Abbey Credit Union is headquartered in Vandalia, Ohio and has been serving members since 1937.
    • Manages $150.2 Million in assets and serves over 12,000 members.

    Membership: Eligibility includes if you live, work, and attend school in designated counties in Ohio.

  • Abound Credit Union

    Abound Credit Union Membership

    • Abound Credit Union headquarters is in Radcliff, Kentucky and has served members since 1950.
    • Manages over $2.26 Billion in assets and serves over 135,000 members.

    Membership: Living, working, worshiping, attending school, or conducting regular business in designated areas in Kentucky

  • Abyssinian Baptist Church Federal Credit Union

    Abyssinian Baptist Church Federal Credit Union Membership

    • Abyssinian Baptist Church Federal Credit Union is headquartered in New York, New York, serving members since 1940.
    • Manages $1.09 Million in assets and serves over 300 members.

    Membership: Open to all members of the Abyssinian Baptist Church.

  • Acadia Federal Credit Union

    Acadia Federal Credit Union Membership

    • Acadia Federal Credit Union is headquartered in Fort Kent, Maine and has been serving members since 1963.
    • 13th largest credit union in the state of Maine manages $323.03 Million in assets and serves over 16,000 members.

    Membership: If you live, work, worship, or attend school in either Aroostook, Hancock, Penobscot, Piscataquis or Washington County.

  • 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.

  • AERO Federal Credit Union

    AERO Federal Credit Union Membership

    • AERO Federal Credit Union is headquartered in Glendale, Arizona and has been serving members since 1958
    • 16th largest credit union in Arizona, managing $305.47 Million in assets and serving over 23,000 members.

    Membership: Everyone is eligible to join.

  • Afena Federal Credit Union

    Afena Federal Credit Union Membership

    • Afena Federal Credit Union is headquartered in Marion, Indiana and has been serving members since 1958.
    • Manages $97.57 Million in assets and serves over 9,000 members.

    Membership: Eligibility includes if you live, work, worship, or attend school in Grant or Wabash County in Indiana.

What is a Credit Union?

Credit unions are not-for-profit financial cooperatives offering many banking products and services. These include:

  • Checking
  • Savings
  • Money Market
  • Certificates
  • Car Loans
  • Personal Loans
  • Credit Cards
  • Mortgages
  • Debit cards
  • Direct deposit and other electronic transfers
  • Online banking and bill pay
  • Mobile banking and deposit via an app
  • Investment services, insurance, and more.

As financial cooperatives, credit unions exist for the mutual benefit of their members. In fact, you’re a member, not a customer, when you bank with a credit union.

Read more: Learn All About Credit Unions

Why Join a Credit Union

Credit unions offer competitive interest rates.

Credit unions are highly competitive when it comes to savings rates and interest rates on loans and credit cards. This is due to the lower cost of operations and the tax exemptions that allow them to invest profits back into the membership.

Credit unions are democratically governed.

This means you get a voice, and elections are based on a one-member, one-vote philosophy. As a credit union member, your participation is vital. Make your voice heard at your credit union by communicating and attending the annual member events.

Credit unions are regulated and insured.

Credit unions are highly regulated financial entities, and federally chartered credit unions are supervised by the National Credit Union Administration (NCUA), an independent federal agency that regulates, charters, and supervises federal credit unions. State-chartered credit unions are regulated by the state for which they operate.

Differences between credit unions and banks

Because of their not-for-profit structure, making profits for shareholders isn’t a goal. Profits are reinvested into the membership to grow financial offerings and support members.

Like other not-for-profit organizations, some credit unions enjoy federal tax exemptions, allowing them to offer better rates on savings accounts, lower rates on loans, and little or no fees. It’s also important to understand that credit unions pay other types of taxes, such as state, sales, and payroll taxes. They contribute taxes back into the community for which they serve.

How to Join a Credit Union

There are thousands of credit unions all across the United States. This means you have plenty of choices.

Each credit union has membership eligibility requirements. You’re eligible to join a credit union because of where you live, work, worship, attend school, or are related to an existing member.

Here are the steps to join a credit union.

Step 1: Find a Credit Union

You can search the marketplace to find a credit union in your state. There is a good chance you’ll meet the eligibility requirements for membership.

Step 2: Verify Your Membership Eligibility

Review the requirements listed in the description of each credit union. You’ll notice they’ll have eligibility listed, such as:

  • having family belonging to a local credit union
  • living in a particular area
  • working for a company
  • belonging to a group
  • a member of a church
  • student or alumni of a school
  • or even by joining an association when you apply

Step 3: Open Your Membership Account

Credit unions allow you to apply for membership online or by visiting the local branch. To verify your identity, bring your valid ID and proof of address.

Most credit unions require a membership share account that establishes your relationship.

You must have this share account to become a “member-owner” of the credit union. Additionally, this share deposit is “locked in” and cannot be used for the entirety of your membership.

Each credit union has a specific membership share deposit requirement. It’s often between $5-$50.

*Note: Once you close your credit union membership, you get back the share deposit.

Step 4: Make Use of Your Credit Union Membership

After becoming a member-owner, you’re eligible to open accounts at the credit union. It’s good to know that credit unions often use different names for the same products you’ll find at banks. For instance, they might refer to checking accounts as “share draft accounts.”

Most importantly, “Once a member, always a member.”

Once you’ve joined a credit union, you’re a member for life. You can keep your credit union even if you move out of your city, leave a job, or change churches or associations.

With convenient online services and mobile apps, it is easy to keep your membership going. And once you’re a member, you can invite your immediate family to join, too.

Remember, you’re a member-owner, so do more with your credit union.

Your participation is vital to the credit union’s success. That means using more of your credit union’s banking services, loans, and other services. The revenues made from these services help the cooperative cover its expenses, grow its offerings, and remain financially stable.

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