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  • Afena Federal Credit Union

    Afena Federal Credit Union Membership

    • Afena Federal Credit Union is headquartered in Marion, Indiana and has been serving members since 1958.
    • Manages $97.57 Million in assets and serves over 9,000 members.

    Membership: Eligibility includes if you live, work, worship, or attend school in Grant or Wabash County in Indiana.

  • Affinity FCU logo

    Affinity Federal Credit Union Membership

    • Affinity Federal Credit Union is a member-owned, not-for-profit, full-service financial institution with branches throughout northern and central New Jersey.
    • Largest credit union in New Jersey with assets totaling $3.61 Billion and providing banking services to more than 184,000 members.

    Membership: Membership at Affinity is available to the employees of participating businesses, as well as immediate family or household members.

  • Affinity Plus Federal Credit Union

    Affinity Plus Federal Credit Union Membership

    • Affinity Plus Federal Credit Union is headquartered in St Paul, Minnesota and has been serving members since 1934.
    • 3rd largest credit union in Minnesota, managing $4.15 Billion in assets and serving over 261,000 members.

    Membership: Eligibility includes if you live, work, worship in specific Minnesota counties or attend school with partnered colleges, or related to an existing member.

  • Air Tech Credit Union

    Air Tech Credit Union Membership

    • Air Tech Credit Union headquarters is in Milwaukee, Wisconsin has been serving members since 1956.
    • Manages $3,107,325 in assets and serves 733 members.

    Membership: Open to Wisconsin residents who meet eligibility criteria.

  • Alabama Central Credit Union

    Alabama Central Credit Union Membership

    • Alabama Central Credit Union is headquartered in Birmingham, Alabama and has served members since 1938.
    • 24th largest credit union in Alabama, managing $198.58 Million in assets and serving over 23,000 members.

    Membership: Live, work, worship, or attend school in specific Alabama counties.

  • Alabama Credit Union

    Alabama Credit Union Membership

    • Alabama Credit Union is headquartered in Tuscaloosa, Alabama and has served members since 1956.
    • 6th largest credit union in Alabama, managing $1.93 Billion in assets and serving over 151,000 members.

    Membership: Persons who live, worship, work (or regularly conduct business in), or attend school in Alabama Counties.

  • Alabama One Credit Union

    Alabama One Credit Union Membership

    • Alabama One Credit Union is headquartered in Tuscaloosa, Alabama and has been serving members since 1951
    • Manages $970 million in assets and serves over 78,000 members.

    Membership: You are eligible for membership through several ways, including where you live, work, or worship, what company you work for, and what company you receive power from.

  • Alabama Teachers Credit Union

    Alabama Teachers Credit Union Membership

    • Alabama Teachers Credit Union is headquartered in Gadsden, Alabama and has served members since 1959.
      14th largest credit union in Alabama, managing $529.1 Million in assets and serving over 33,000 members.

    Membership: Live, work, or attend school in Calhoun, Cherokee, DeKalb, Etowah, or Marshall County.

  • Alaska District Engineers Federal Credit Union

    Alaska District Engineers Federal Credit Union Membership

    • Alaska District Engineers Federal Credit Union is headquartered in Anchorage, Alaska and has served members since 1949.
    • 9th largest credit union in Alaska, managing $13.76 Million in assets and serving over 500 members.

    Membership: All employees and immediate family members of the Alaska District Corps of Engineers are eligible.

  • All In Credit Union

    All In Credit Union Membership

    • All In Credit Union is headquartered in Daleville, Alabama and has served members since 1966.
    • 3rd largest credit union in Alabama, managing $2.98 Billion in assets and serving over 174,000 members.

    Membership: Serving over 800 businesses and organizations in Alabama, Florida, and Mississippi.

  • Alliant Logo

    Alliant Credit Union Membership

    • Alliant Credit Union is headquartered in Chicago, Illinois, providing banking services.
    • The largest credit union in Illinois, with assets totaling $13 Billion and serving over 521,000 members.

    Membership: Live or work in a qualifying community, or members of select organizations.

  • Alloy Employees Credit Union

    Alloy Employees Credit Union Membership

    • Alloy Employees Credit Union headquarters is in Waukesha, Wisconsin, and has served members since 1961.
    • Manages $370,586 in assets and serves 155 members.

    Membership: Alloy operates under a state charter in Wisconsin, offering financial products and services tailored to the unique needs of Wisconsin residents.

  • Allpoint ATMs - Find Surcharge-Free ATMs

    Allpoint ATMs / Find Surcharge-Free ATMs

    Allpoint Network offers 55,000+ surcharge-free ATMs for cash withdrawals, transfers, and balance inquires. You can find Allpoint ATMs in popular retailers, convenience stores, and pharmacies.

  • AltaOne Federal Credit Union

    AltaOne Federal Credit Union Membership

    • AltaOne Federal Credit Union is headquartered in Ridgecrest, California and has served members since 1947.
    • Manages $821.18 Million in assets and serves over 56,000 members.

    Membership: If you live, work, worship, volunteer, or attend school in Kern, Inyo, and Mono counties.

  • Altra Federal Credit Union

    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.

  • Altura Credit Union

    Altura Credit Union Membership

    • Altura Credit Union headquarters is in Riverside, California and has served members since 1957.
    • Manages $2.58 billion in assets and serves over 187,000 members.

    Membership: If you live, work, worship, or attend school in select California 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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