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  • Orange County’s Credit Union Membership

    • Orange County’s Credit Union is headquartered in Santa Ana, California and has served members since 1938.
    • Manages $2.54 Billion in assets, serves over 131,000 members, and employs 310 people as of February 2024.

    Membership: For anyone who lives or works in Orange, LA, Riverside, or San Bernardino Counties.

  • Ontario Montclair School Employees Federal Credit Union Membership

    • Ontario Montclair Schools Federal Credit Union is headquartered in Ontario, California and has been serving members since 1961
    • Manages $152.94 Million in assets and serves over 10,000 members.

    Membership: Live, work, worship, or attend school in San Bernardino County, California.

  • Nuvision Federal Credit Union Membership

    • NuVision Federal Credit Union is headquartered in Huntington Beach, California and has served members since 1935.
    • 24th largest credit union in the state of California, managing $3.27 Billion in assets and serving over 160,000 members.

    Membership: Any immediate family or household member of a NuVision member.

  • Northeast Community Federal Credit Union Membership

    • Northeast Community Federal Credit Union is headquartered in San Francisco, California and has been serving members since 1981.
    • Manages $14.91 Million in assets and serves over 1,000 members.

    Membership: Serving mainly the Chinatown, Tenderloin and SOMA neighborhoods in San Francisco.

  • North Bay Credit Union Membership

    • North Bay Credit Union is headquartered in Santa Rosa, California and has served members since 1948.
    • Manages $117.98 Million in assets and serves over 3,000 members.

    Membership: All residents of Sonoma County are eligible for membership.

  • Mocse Federal Credit Union Membership

    • Mocse Federal Credit Union is headquartered in Modesto, California and has served members since 1959.
    • Manages $419.2 Million in assets and serves over 29,000 members.

    Membership: Persons who live, work, worship, or attend school in Stanislaus, Merced, Mariposa, and Tuolumne Counties, California.

  • MERCO Credit Union Membership

    • MERCO Credit Union is headquartered in Merced, California and has served members since 1966.
    • Manages $172.57 Million in assets and serves over 14,000 members.

    Membership: Anyone who lives, works, worships, or attends school in Merced, Mariposa, Madera, Fresno, or Stanislaus Counties.

  • Members 1st Credit Union Membership

    • Members 1st Credit Union is headquartered in Redding, California and has served members since 1936.
    • Manages $321.03 Million in assets and serves over 24,000 members.

    Membership: Open to anyone who lives, works, or worships in the counties of Butte, Glenn, Shasta, and Tehama.

  • First Imperial Credit Union Membership

    • First Imperial Credit Union is headquartered in El Centro, California and has been serving members since 1942
    • Manages $195.92 Million in assets and serves over 23,000 members.

    Membership: Live, work, or worship in the Imperial County

  • Financial Partners Credit Union Membership

    • Financial Partners Credit Union is headquartered in Downey, California and has been serving members since 1937
    • Manages $2.26 Billion in assets and serves over 89,000 members.

    Membership: Live, work, or attend school in Los Angeles, Orange, Riverside, or San Diego County.

  • Excite Credit Union Membership

    Excite Credit Union is headquartered in San Jose, California and has been serving members since 1952.
    Manages $709.21 Million in assets and serves over 46,000 members.

    Membership: Eligible to those who live, work, worship, or attend school in specific counties in California and North Carolina.

  • Episcopal Community Federal Credit Union Membership

    • Episcopal Community Federal Credit Union is headquartered in Los Angeles, California and has served members since 1994.
    • Manages $6.49 Million in assets and serves over 1,000 members.

    Membership: For a $10.00 lifetime membership fee and a minimum deposit of $25.00 in a savings account.

  • Community First Credit Union Membership

    • Community First Credit Union is headquartered in Santa Rosa, California and has been serving members since 1959
    • Manages $828.9 Million in assets and serves over 62,000 members.

    Membership: Live, work, or attend school in Lake, Marin, Mendocino, Napa, or Sonoma County.

  • CoastHills Credit Union Membership

    • CoastHills Credit Union is headquartered in Santa Maria, California and has served members since 1958.
    • Manages $1.8 Billion in assets and serves over 77,000 members.

    Membership: Serving the Central Coast of California.

  • CBC FCU Membership

    • CBC Federal Credit Union is headquartered in Oxnard, California and has served members since 1952.
    • Manages $834.33 Million in assets and serves over 28,000 members.

    Membership: Anyone who worked, lived, attended school, or worshiped in Ventura County.

  • Atchison Village Credit Union Membership

    • Atchison Village Credit Union is headquartered in Richmond, California and has been serving members since 1959.
    • Manages $12.6 Million in assets and serves over 2,000 members.

    Membership: Be a resident of Atchison Village or a resident’s relative.

What is Banking?

Banking is a form of money management using products and services related to savings and loans.

Different Types of Financial Institutions

Banks

Banks are what we typically associate with banking. They come in different sizes: local, national, traditional and online-only. Federal or state agencies supervise banks. The FDIC insures deposits of participating banks.

Credit Unions

Credit unions are not-for-profit financial institutions. They offer products and services similar to banks with a focus on member service, not profit. The NCUA insures deposits from participating credit unions.

Alternative Financial Services

Many fintechs are non-chartered financial services companies that offer banking services. You might think of them as an app offering checking and savings accounts, debit cards, payments, etc. They are not banks but work with partner banks or credit unions to hold your deposits.

Types of Banking Accounts

Banking accounts help make financial transactions convenient.

Savings Account

A savings account helps you save your money. You’re storing your money for future use and hopefully earning a reasonable interest rate. Interest is the money you earn for letting the bank keep your money. Some financial institutions impose minimum deposits, withdrawal limits, and fees.

Checking Account

A checking account is a transactional account that allows you to make deposits and withdrawals of your money anytime. Checking accounts is not the best place to store your money, as the goal of the account is for use, not saving.

Most checking accounts do not pay interest, but some do. Be mindful of transaction limits, minimum balance requirements, and fees.

Debit Card

Checking accounts come with a debit card enabling you to spend your money conveniently. A debit card allows for making purchases at stores and online shopping. You can only spend the money that’s in your checking account. Additionally, you can use your debit card at ATMs to make deposits, withdrawals, check balances, and transfers between accounts.

Money Market Account

A money market account is a type of hybrid savings and checking account. It tends to have higher deposit requirements but often pays more interest than a savings account.

Certificate of Deposit (CD)

A certificate of deposit, also known as a CD, helps you save money with a set interest rate for a specific amount of time. Your cash is term-locked. In exchange, you get a higher interest rate compared to a traditional savings account. Certificate terms can start at 30 days and go to 5 or more years.

How to Choose the Best Banking Service

You have many choices on the type of account to use and the variety of financial institutions available. So, shop around. Ask the following questions to help you narrow down your choices:

  • What are the products and services offered?
  • What are the fees?
  • Are there minimum balance requirements?
  • Do I need a physical location (like a branch) or prefer better mobile app services?
  • Does local banking matter or is national big bank convenient?
  • Are deposits FDIC or NCUA insured?
  • How to access your money?
  • Debit card? ATM network?
  • Can I set auto-transfers, auto-payments, and alerts?

You want to determine how the banking provider aligns with your needs, the cost of services, safety, security, and overall convenience.

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