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  • Tyndall Federal Credit Union Membership

    • Tyndall Federal Credit Union headquarters is in Panama City, Florida and has been serving members since 1956.
    • Manages over $1.92 billion in assets and serves over 112,000 members.

    Membership: Live, work, worship, attend school, or volunteer in the Panhandle of Florida or Southern Alabama.

  • PenAir Credit Union Membership

    • Pen Air Credit Union headquarters is in Pensacola, Florida and has served members since 1936.
    • Manages $2.93 billion in assets and serves over 126,000 members.

    Membership: Live, work, worship, or attend school in one of the eligible 17 counties between Tallahassee, FL and Mobile, AL.

  • Gulf Winds Credit Union Membership

    • Gulf Winds Credit Union headquarters is in Pensacola, Florida and has served members since 1954.
    • Manages $1,087,711,368 in assets and serves 83,184 members.

    Membership: Lives, works, worships, or attends school in one of the 75 counties served in Florida, Alabama, and Georgia.

  • Alabama One Credit Union Membership

    • Alabama One Credit Union is headquartered in Tuscaloosa, Alabama and has been serving members since 1951
    • Manages $970 million in assets and serves over 78,000 members.

    Membership: You are eligible for membership through several ways, including where you live, work, or worship, what company you work for, and what company you receive power from.

  • Bridgeway Federal Credit Union Membership

    • Bridgeway Federal Credit Union is headquartered in Phenix City, Alabama and has served members since 1960.
    • Manages $69.94 Million in assets and serves over 8,000 members.

    Membership: Anyone who lives, works, attends school, worships, or volunteers in specific Alabama and Georgia counties.

  • Sixth Avenue Baptist Federal Credit Union Membership

    • Sixth Avenue Baptist Federal Credit Union is headquartered in Birmingham, Alabama and has served members since 1963.
    • Manages $5.22 Million in assets and serves over 900 members.

    Membership: Members of Sixth Avenue Baptist Church and their immediate family members.

  • NRS Community Development Federal Credit Union Membership

    • NRS Community Development Federal Credit Union is headquartered in Birmingham, Alabama and has served members since 1996.
    • Manages $1.46 Million in assets and serves over 800 members.

    Membership: Supporting low-income citizens, small businesses, and minority entrepreneurs in the East Lake and surrounding areas of Northeast Birmingham.

  • ​​ECO Credit Union Membership

    • ​​ECO Credit Union is headquartered in Birmingham, Alabama and has served members since 1979.
    • 25th largest credit union in Alabama, managing $195.35 Million in assets and serving over 16,000 members.

    Membership: Anyone who lives, works, worships, or attends school in the specific Alabama counties.

  • Alabama Central Credit Union Membership

    • Alabama Central Credit Union is headquartered in Birmingham, Alabama and has served members since 1938.
    • 24th largest credit union in Alabama, managing $198.58 Million in assets and serving over 23,000 members.

    Membership: Live, work, worship, or attend school in specific Alabama counties.

  • Mutual Savings Credit Union Membership

    • Mutual Savings Credit Union is headquartered in Birmingham, Alabama and has been serving members since 1936.
    • 23rd largest credit union in Alabama, managing $224.61 Million in assets and serving over 21,000 members.

    Membership: Live, work, worship, or attend school in designated Alabama counties.

  • Fort McClellan Credit Union Membership

    • Fort McClellan Credit Union is headquartered in Anniston, Alabama and has been serving members since 1953.
    • 22nd largest credit union in Alabama, managing $237.72 Million in assets and serving over 16,000 members.

    Membership: Live, work, worship, or attend school in designated counties in Alabama.

  • Auburn University Credit Union Membership

    • Auburn University Credit Union is headquartered in Auburn, Alabama and has served members since 1960.
    • 21st largest credit union in Alabama, managing $238.97 Million in assets and serving over 17,000 members.

    Membership: Live, work, worship, or attend schools in specific Alabama counties.

  • New Horizons Credit Union Membership

    • New Horizons Credit Union is headquartered in Mobile, Alabama and has been serving members since 1950.
    • 20th largest credit union in Alabama, managing $263.87 Million in assets and serving over 23,000 members.

    Membership: If you live, work, worship, or attend school in specific counties in Alabama and Florida.

  • Coosa Pines Federal Credit Union Membership

    • Coosa Pines Federal Credit Union is headquartered in Childersburg, Alabama and has been serving members since 1950.
    • 19th largest credit union in Alabama, managing $357.84 Million in assets and serving over 25,000 members.

    Membership: Persons who live, work, worship, or attend school in and businesses and other legal entities located within specific Alabama counties.

  • TVA Community Credit Union Membership

    • TVA Community Credit Union is headquartered in Muscle Shoals, Alabama and has served members since 1936.
    • 18th largest credit union in Alabama, managing $390.97 Million in assets and serving over 20,000 members.

    Membership: If you live, work, attend school, or attend church in Colbert, Lauderdale, Limestone, Marshall, Morgan, Lawrence, or Franklin Counties, Alabama.

  • WinSouth Credit Union Membership

    • WinSouth Credit Union is headquartered in Gadsden, Alabama and has been serving members since 1951.
    • 17th largest credit union in Alabama, managing $393.37 Million in assets and serving over 36,000 members.

    Membership: Lives, works, or is a member of a social or economic group in one of the Alabama counties served.

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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