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  • 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.

     

  • Vitelco Employees Federal Credit Union Membership

    • Vitelco Employees Federal Credit Union headquarters is in St Thomas, Virgin Islands and has been serving members since 1979.
    • Manages over $1.69 million in assets and serves over 300 members.

    Membership: Available to employees of select employer groups.

  • Mid-Island Federal Credit Union Membership

    • Mid-Island Federal Credit Union headquarters is in Christiansted, Virgin Islands and has been serving members since 1981.
    • Manages over $17.24 Million in assets and serves over 2,000 members.

    Membership: Anyone who lives, works, or worships in the Mid-Island area of St. Croix.

  • Frederiksted Federal Credit Union Membership

    • Frederiksted Federal Credit Union headquarters is in Frederiksted, Virgin Islands and has been serving members since 1952.
    • Manages over $22.45 million in assets and serves over 3,000 members.

    Membership: Live, work or worship in the credit union’s geographic area.

  • Christiansted Federal Credit Union Membership

    • Christiansted Federal Credit Union headquarters is in Christiansted, Virgin Islands, serving members since 1952.
    • Manages over $30.81 Million in assets and serves over 3,000 members.

    Membership: Live or work within the Christiansted District in the US Virgin Islands.

  • St. Thomas Federal Credit Union Membership

    • St. Thomas Federal Credit Union headquarters is in Charlotte Amalie, Virgin Islands has been serving members since 1952.
    • Manages over $84.17 million in assets and serves over 8,000 members.

    Membership: Eligible if you belong to one of the Select Employer Group partners.

  • Encompass Credit Union Membership

    • Encompass Federal Credit Union headquarters is in Tipton, Indiana and has served members since 1953.
    • Manages over $272.37 million in assets and serves over 17,000 members.

    Membership: Lives, works, attends school, or worships in Tipton, Clinton, or Howard County, Indiana.

  • Mt. Airy Baptist Church Credit Union Membership

    Mt Airy Baptist Church Federal Credit Union headquarters is in Washington, Washington, D.C. has been serving members since 1985.

    Manages over $1.12 Million in assets and serves over 200 members.

    Membership: Mt Airy Baptist Church primarily serves multiple faith-based organizations, offering financial products and services tailored to the unique needs of their members.

  • Census Federal Credit Union Membership

    • Census Federal Credit Union headquarters is in Washington, Washington, D.C. has been serving members since 1948.
    • Manages over $50.87 million in assets and serves over 2,000 members.

    Membership: Work for a select employer group partnered with the credit union.

  • Transit Employees Federal Credit Union Membership

    • TEFCU headquarters is in Washington, Washington, D.C. has been serving members since 1940.
    • Manages over $94.49 million in assets and serves over 11,000 members.

    Membership: Work for one of the Select Employee Groups (SEGs) or are an immediate family/household member of an employee who works for one of the SEGs.

  • Riverbank Federal Credit Union Membership

    • Riverbank Federal Credit Union headquarters is in Windsor Locks, Connecticut and has served members since 1940.
    • Manages over $84.07 Million in assets and proudly serves over 4,000 loyal members.

    Membership: Anyone who lives, works, worships, or goes to school in any of the towns of Hartford County in Connecticut.

  • American Eagle Financial Credit Union Membership

    • American Eagle Financial Credit Union headquarters is in East Hartford, Connecticut has been serving members since 1935.
    • Manages over $2.7 Billion in assets and serves over 183,000 members.

    Membership: Live, work, and worship in Hartford, Middlesex, Tolland, or New Haven County in Connecticut and Hampden County, Massachusetts.

  • Coast360 Federal Credit Union Membership

    • Coast360 Federal Credit Union headquarters is in Maite, Guam has been serving members since 1962.
    • Manages over $523.42 Million in assets and serves over 46,000 members.

    Membership: Any individual who lives, works, and worships in Guam.

  • Community First Guam Federal Credit Union Membership

    • Community First Guam Federal Credit Union headquarters is in Hagatna, Guam and has served members since 1962.
    • Manages over $227.64 Million in assets and serves over 15,000 members.

    Membership: Live, work, or worship in Guam.

  • Lewis Clark Credit Union Membership

    • Lewis Clark Credit Union headquarters is in Lewiston, Idaho has been serving members since 1939.
    • Manages over $240 million in assets and serves over 20,000 members.

    Membership: Open to anyone who meets the credit union’s requirements.

  • Latah Credit Union Membership

    • Latah Federal Credit Union headquarters is in Moscow, Idaho has been serving members since 1969.
    • Manages over $154 million in assets and serves over 8,000 members.

    Membership: Live, work, volunteer, worship, do business in, or go to school in specific Idaho Counties.

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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