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  • NuVista Federal Credit Union Membership

    • NuVista Federal Credit Union is headquartered in Montrose, Colorado and has served members since 1964.
    • Manages $141.67 Million in assets and serves over 7,000 members.

    Membership: Anyone who lives, works, worships, or attends school in Montrose, Delta, Gunnison, Ouray, and San Miguel counties.

  • Community Choice Credit Union (Colorado) Membership

    • Community Choice Credit Union is headquartered in Commerce City, Colorado and has been serving members since 1952
    • Manages $99.67 Million in assets and serves over 7,000 members.

    Membership: Anyone employed by the Commerce City Business and Professional Association member is eligible.

  • Community Choice Credit Union (Michigan) Membership

    • Community Choice Credit Union is headquartered in Farmington Hills, Michigan and has been serving members since 1935.
    • 11th largest credit union in Michigan, managing $1.79 Billion in assets and serving over 115,000 members.

    Membership: Live, work, or worship in the State of Michigan.

  • Columbine Federal Credit Union Membership

    • Columbine Federal Credit Union is headquartered in Centennial, Colorado and has served members since 1957.
    • Manages $63.39 Million in assets and serves over 7,000 members.

    Membership: Live in Arapahoe County or the City of Littleton.

  • Aventa Credit Union Membership

    • Aventa Credit Union is headquartered in Colorado Springs, Colorado and has been serving members since 1957.
    • 17th largest credit union in Colorado, managing $291.21 Million in assets and serving over 35,000 members.

    Membership: Live or work in select counties in Colorado.

  • Arapahoe Credit Union Membership

    • Arapahoe Credit Union is headquartered in Centennial, Colorado and has served members since 1938.
    • 25th largest credit union in Colorado, managing $166.51 Million in assets and serving over 13,000 members,

    Membership: Live, work, or attend school in selected Colorado counties.

  • Elevations Credit Union Membership

    • Elevations Credit Union is headquartered in Boulder, Colorado and has been serving members since 1952.
    • 4th largest credit union in Colorado, managing $3.41 Billion in assets and serving over 178,000 members.

    Membership: Live or work in designated counties in Colorado or employed by a partner company.

  • Canvas Credit Union Membership

    • Canvas Credit Union is headquartered in Lone Tree, Colorado and has been serving members since 1938.
    • 3rd largest credit union in Colorado, managing $4.32 Billion in assets and serving over 293,000 members.

    Membership: Eligibility includes living in a charter area, working for a partner employer, or related to an existing member.

  • Bellco Credit Union Membership

    • Bellco Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • The 2nd largest credit union in Colorado, with assets totaling $5.57 Billion and serving over 348,000 members.

    Membership: Anyone who lives or works in specific geographic areas inside and outside Colorado.

  • Ent Credit Union Membership

    • Ent Credit Union is a community-based financial institution that provides a full range of personal and business financial solutions through more than 30 service centers.
    • The largest credit union in Colorado, with assets totaling $6.92 Billion and serving over 389,000 members.

    Membership: Open to those who live, work, worship, or attend school in select Colorado counties.

  • Security Service Federal Credit Union Membership

    • Security Service Federal Credit Union offers financial services to members.
    • The 2nd largest credit union in Texas with assets totaling $10.16 Billion and serving over 805,000 members.

    Membership: Live, work, worship, attend school, volunteer, or your business is located in Texas, Colorado, or Utah.

  • Zing Credit Union Membership

    • Zing Credit Union is headquartered in Denver, Colorado and has been serving members since 1934.
    • 12th largest credit union in the state of Colorado, managing $420.25 Million in assets and serving over 37,000 members.

    Membership: Eligible if you live and work in specific counties in the Greater Denver area.

  • Stage Point Federal Credit Union Membership

    • StagePoint Federal Credit Union is headquartered in Laramie, Wyoming and has been serving members since 1935.
    • It is the 12th largest credit union in the state of Wyoming, managing $78.46 Million in assets and serving over 6,000 members.

    Membership: Open to residents and businesses within the greater Laramie area.

  • Blue Federal Credit Union Membership

    • 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.

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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