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  • Altra Federal Credit Union Membership

    • Altra Federal Credit Union is headquartered in Onalaska, Wisconsin and has served members since 1934.
    • 9th largest credit union in Wisconsin, managing $2.82 Billion in assets and serving over 145,000 members.

    Membership: Eligibility is based on where you live, work, worship, or attend school.

  • Educators Credit Union Membership

    • Educators Credit Union is headquartered in Mount Pleasant, Wisconsin and has served members since 1937.
    • 8th largest credit union in Wisconsin, managing $3.21 Billion in assets and serving over 229,000 members.

    Membership: Lives or works in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington, and Waukesha Counties.

  • Community 1st Credit Union Membership

    • Community 1st Credit Union is headquartered in Ottumwa, Iowa and has served members since 1936.
    • 6th largest credit union in Iowa, managing $956.32 Million in assets and serving over 68,000 members.

    Membership: Open to person living or working the following Iowa and Missouri counties.

  • Casebine Community Credit Union Membership

    • Casebine Community Credit Union is headquartered in Burlington, Iowa and has been serving members since 1949.
    • Manages $30.38 Million in assets and serves over 3,000 members.

    Membership: Live or work in specific Iowa and Illinois Counties.

  • Ascentra Credit Union Membership

    • Ascentra Credit Union is headquartered in Bettendorf, Iowa and has served members since 1950.
    • 11th largest credit union in Iowa, managing $529.76 Million in assets and serving over 43,000 members.

    Membership: Living or working in one of the Iowa and Illinois counties served makes you eligible.

  • Molokai Community Federal Credit Union Membership

    • Molokai Community Federal Credit Union is headquartered in Kaunakakai, Hawaii and has served members since 1951.
    • Manages $37.38 Million in assets and serves over 4,000 members.

    Membership: Live, work, worship, or attend school on the Island of Molokai, Hawaii

  • Kauai Federal Credit Union Membership

    • Kauai Federal Credit Union is headquartered in Lihue, Hawaii and has served members since 1947.
    • 18th largest credit union in Hawaii, managing $146.56 Million in assets and serving over 7,000 members.

    Membership: Anyone can be eligible to join Kauaʻi FCU.

  • Hawaii First FCU Membership

    • Hawaii First Federal Credit Union is headquartered in Kamuela, Hawaii and has served members since 1956.
    • Manages $57.27 Million in assets and serves over 7,000 members.

    Membership: Any person who lives on the Island of Hawaii, Hi.

  • Hawaii Federal Credit Union Membership

    • Hawaii Federal Credit Union is headquartered in Honolulu, Hawaii and has served members since 1937.
    • 23rd largest credit union in Hawaii, managing $105.16 Million in assets and serving over 12,000 members.

    Membership: Live, work, worship, or attend school on the island of O’ahu.

  • Hawaii Central Federal Credit Union Membership

    • Hawaii Central Federal Credit Union is headquartered in Honolulu, Hawaii and has served members since 1937.
    • 14th largest credit union in Hawaii, managing $323.66 Million in assets and serving over 17,000 members.

    Membership: Anyone who live, work, worship or attend school in Honolulu County (Island of Oahu), Hawaii.

  • Chime / No Fee Checking Account and Get Paid 2 Days Early

    • Chime Banking is a no-fee mobile bank account that offers a Spending Account, a Savings Account, and a Visa debit card.
    • No maintenance fees. No overdraft fees. And no bounced check fees.
    • Cash access to 35,000+ surcharge-free ATMs.
    • Get your paycheck 2 days earlier.
  • Prime Financial Credit Union Membership

    • Prime Financial Credit Union is headquartered in Cudahy, Wisconsin and has been serving members since 1923.
    • Manages $151.9 Million in assets and serves over 16,000 members.

    Membership: If you live in Wisconsin and the immediate family of existing members.

  • Brewery Credit Union Membership

    • Brewery Credit Union is headquartered in Milwaukee, Wisconsin and has served members since 1934.
    • Manages $63.57 Million in assets and serves over 9,000 members.

    Membership: If you reside in or are employed in Milwaukee, Waukesha, Ozaukee, Washington, Racine, and Kenosha Counties.

  • Peach State Federal Credit Union Membership

    • Peach State Federal Credit Union is headquartered in Lawrenceville, Georgia and has served members since 1961.
    • 8th largest credit union in Georgia, managing $970.85 Million in assets and serving over 70,000 members.

    Membership: Work for a partner company or live and work in select counties in Georgia and South Carolina.

  • Interstate Credit Union Membership

    • Interstate Credit Union is headquartered in Jesup, Georgia and has served members since 1968.
    • 17th largest credit union in Georgia, managing $334.99 Million in assets and serving over 31,000 members.

    Membership: Businesses, entities, and persons who live and work in select Georgia counties.

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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