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  • EFCU Financial Credit Union Membership

    EFCU Financial Credit Union Membership

    • EFCU Financial headquarters is in Baton Rouge, Louisiana and has served members since 1934.
    • Manages over $1.02 Billion in assets and serves over 65,000 members.

    Membership: Persons who live, work, worship, or attend school in these nine Louisiana Parishes.

  • Neighbors Federal Credit Union

    Neighbors Federal Credit Union Membership

    • Neighbors Federal Credit Union headquarters is in Baton Rouge, Louisiana and has served members since 1954.
    • Manages over $1.21 Billion in assets and serves over 82,000 members.

    Membership: Lives, works, worships, or attends school in the nine Louisiana parishes.

  • Barksdale Federal Credit Union

    Barksdale Federal Credit Union Membership

    • Barksdale Federal Credit Union headquarters is in Bossier City, Louisiana and has been serving members since 1954.
    • Manages over $2.24 Billion in assets and serves over 155,000 members.

    Membership: Live, work, worship, attend school, or own a business in Bossier, Caddo, Webster, Rapides, Allen, or Grant parish in Louisiana.

  • Mazuma Credit Union

    Mazuma Credit Union Membership

    • Mazuma Credit Union headquarters is in Overland Park, Kansas and has been serving members since 1948.
    • Manages over $973.89 million in assets and serves over 73,000 members.

    Membership: Live or work in Jackson, Cass, Clay, or Platte counties in Missouri, and Wyandotte or Johnson County in Kansas.

  • Service One Credit Union

    Service One Credit Union Membership

    • Service One Credit Union headquarters is in Bowling Green, Kentucky and has served members since 1963.
    • Manages over $274.63 million in assets and serves over 17,000 members.

    Membership: Lives, works, worships, or attends school in any of the Kentucky counties served by the credit union.

  • Park Comunity Credit Union

    Park Community Credit Union Membership

    • Park Community Credit Union headquarters is in Louisville, Kentucky and has been serving members since 1955
    • Manages over $1.33 Billion in assets and serves over 77,000 members.

    Membership: Live, work, worship, or attend school in one of our qualifying areas.

  • 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

  • Vitelco Employees Federal Credit Union

    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

    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

    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

    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

    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

    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

    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

    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 TEFCU

    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.

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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