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  • Bay Shore Credit Union Membership

    Bay Shore Credit Union is headquartered in Marinette, Wisconsin and has been serving members since 1953.

    Manages $46,466,666 in assets and serves 3,391 members.

    Membership: Open to anyone living or working in Marinette and Oconto Counties in Wisconsin and Menominee County in Michigan.

  • Tri-County Credit Union Wisconsin Membership

    • Tri-County Credit Union is headquartered in Marinette, Wisconsin and has served members since 1936.
    • Manages $39,649,412 in assets and serves 2,849 members.

    Membership: If you live or work in Marinette or Oconto County in Wisconsin or Menominee County in Michigan.

  • Iron County Community Credit Union Membership

    • Iron County Community Credit Union is headquartered in Hurley, Wisconsin and has served members since 1950.
    • Manages $42,575,320 in assets and serves 3,918 members.

    Membership: Live, work, or own property in Iron, Ashland, and Vilas County in Wisconsin.

  • Forward Financial Credit Union Membership

    • Forward Financial Credit Union is headquartered in Niagara, Wisconsin and has been serving members since 1948.
    • Manages $88,405,786 in assets and serves 8,182 members.

    Membership: Live or work in specific counties in Wisconsin and Michigan.

  • ELGA Credit Union Membership

    • ELGA Credit Union is headquartered in Grand Blanc, Michigan and has been serving members since 1968.
    • Manages $1.47 Billion in assets and serves over 95,000 members.

    Membership: Individuals who live, work, worship, volunteer, or attend school within Michigan.

  • Michigan Schools and Government Federal Credit Union Membership

    • Michigan Schools and Government Credit Union is headquartered in Clinton Township, Michigan and has been serving members since 1954.
    • 6th largest credit union in Michigan, managing $3.53 Billion in assets and serving over 148,000 members.

    Membership: Persons who reside, are employed, worship, or attend an educational institution in any county within the State of Michigan.

  • United Federal Credit Union Membership

    • United Federal Credit Union offers a diverse array of products and services for businesses and individuals, include checking and savings accounts; auto loans, RV and boat loans, credit cards; mortgage, and more.
    • 5th largest credit union in Michigan with assets totaling $3.17 Billion and providing banking services to more than 178,000 members.

    Membership: Work for or retired from one of our 900+ Corporate Members. Live, work, worship or attend school near one of our branches. Immediate family member of one of our Members

  • Genisys Credit Union Membership

    • Genisys Credit Union is a member-owned financial cooperative offering banking services and financial products.
    • 4th largest credit union in Michigan and the 10th largest in the United States with assets totaling $3.28 Billion and providing banking services to more than 229,000 members.

    Membership: Live in the state of Michigan or select counties of Minnesota and Pennsylvania. Related to current member.

  • Everwise Credit Union Membership

    • Everwise Credit Union offers banking solutions including checking accounts, savings accounts, mortgages, auto loans, home equity loans, HELOCs and much more.
    • The largest credit union in Indiana has assets totaling $5.17 billion and provides banking services to more than 306,000 members.

    Membership: Live or work in select counties and townships in Michigan and Indiana.

  • MSU Federal Credit Union Membership

    • MSU Federal Credit Union is a not-for-profit, member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • The 3rd largest credit union in Michigan, with assets totaling $5.38 Billion and serving more than 293,000 members.

    Membership: Open to the MSU community, their families, and select employee and community groups.

  • DFCU Financial Membership

    • DFCU Financial is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • Michigan’s 2nd largest credit union with assets totaling $5.52 Billion and serving more than 230,000 members.

    Membership: Extended to anyone who lives, works, or worships in the 68 counties of the Lower Peninsula of Michigan.

  • Wings Financial Credit Union Membership

    • 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.

  • Lake Michigan Credit Union Membership

    • Lake Michigan Credit Union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services.
    • The largest credit union in Michigan with assets totaling $8.43 Billion and serving over 387,000 members.

    Membership: Becoming a member is incredibly easy, and almost everyone has what it takes to join.

  • Lake Trust Credit Union Membership

    • 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.

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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