fbpx
  • Global Credit Union logo

    Global Credit Union Membership

    • Alaska Federal State Credit Union is a member-owned financial cooperative providing financial banking services.
    • The 17th largest in the United States, with assets totaling $9.54 Billion and serving over 692,000 members.

    Membership: If you live in Alaska, Washington, California’s San Bernardino County, and Arizona’s Maricopa County, you are eligible to join Alaska USA.

  • Star One CU logo

    Star One Credit Union Membership

    • Star One CU is a member-owned financial cooperative providing banking services including savings, loans, and other financial services.
    • The 4th largest credit union in California and the 10th largest in the United States with assets totaling $9.77 Billion and serving over 111,000 members.

    Membership: Eligibility to individuals in Santa Clara County and several other counties in California.

  • Security Service FCU logo

    Security Service Federal Credit Union Membership

    • Security Service Federal Credit Union offers financial services to members.
    • The 2nd largest credit union in Texas with assets totaling $10.16 Billion and serving over 805,000 members.

    Membership: Live, work, worship, attend school, volunteer, or your business is located in Texas, Colorado, or Utah.

  • Bethpage FCU

    Bethpage Federal CU Membership

    • Bethpage Federal CU is a community-based financial institution offering banking services in NY.
    • The largest credit union in New York with assets totaling $9.97 Billion and serving over 422,000 members.

    Membership: Qualifying to become a Bethpage Federal Credit Union member is simple.

  • DCU logo

    DCU Membership

    • DCU (also known as Digital Federal Credit Union) is based in Marlborough, Massachusetts offering financial services.
    • The largest credit union in Massachusetts, with assets totaling $10.39 Billion and serving over 889,000 members.

    Membership: Eligibility includes familial relation, employment at a company, membership in an association, or residence in a particular geographic area.

  • Mountain America CU logo

    Mountain America Credit Union Membership

    • Mountain America Credit Union is a federally chartered credit union headquartered in Sandy, Utah providing banking services.
    • The 2nd largest credit union in Utah, with assets totaling $10.99 Billion and serving over 916,000 members.

    Membership: Eligibility includes living in multiple counties in Utah.

  • RBFCU logo

    Randolph-Brooks Federal Credit Union (RBFCU) Membership

    • Randolph-Brooks Federal Credit Union (RBFCU) is headquartered in Live Oak, Texas, offering banking services.
    • The largest credit union in Texas with assets totaling $11.71 Billion and serving over 901,000 members.

    Membership: There are more than 3,500 ways to qualify for membership.

  • Suncoast Credit Union logo

    Suncoast Credit Union Membership

    • Suncoast Credit Union is a credit union headquartered in Tampa, Florida offering banking, financing, and insurance services.
    • The largest credit union in Florida with assets totaling $11.9 Billion and serving over 892,000 members.

    Membership: Anyone who lives, works, attends school, or worships in the counties served by Suncoast in Florida.

  • 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.

  • America First CU logo

    America First Credit Union Membership

    • America First Credit Union is headquartered in Riverdale, Utah, offering banking services.
    • The largest credit union in Utah with assets totaling $13.4 Billion and serving over 1.13 million members.

    Membership: To become a member, you must meet eligibility such as living, working, worship, volunteering, or attending school in many areas in Utah, Nevada, Idaho, and Arizona.

  • BECU logo

    BECU Membership

    • BECU is a member-owned credit union offering financial services.
    • The largest credit union in Washington, with assets totaling $24.75 Billion and serving over 1.26 million members.

    Membership: All Washington state residents are eligible to join. 

  • First Tech FCU logo

    First Tech Federal Credit Union Membership

    • First Tech Federal Credit Union is headquartered in San Jose, California, offering banking services, investment, insurance, and tax services.
    • The 3rd largest credit union in California with assets totaling $14.41 Billion and serving over 620,000 members.

    Membership: There are hundreds of ways a person can join within the field of membership of First Tech.

  • Golden 1 CU logo

    Golden 1 Credit Union Membership

    • Golden 1 Credit Union is headquartered in Sacramento, California, offering financial services with more than 70 branches. 
    • The 2nd largest credit union in California with assets totaling $14.95 Billion and serving over 1.07 million members.

    Membership: All Californians can join!

  • SchoolsFirst FCU logo

    SchoolsFirst Federal Credit Union Membership

    • SchoolsFirst Federal Credit Union serves the educational community in California.
    • The largest credit union in California with assets totaling $21.62 Billion and serving over 1.12 million members.

    Membership: If you are a school employee, retired school employee, or an immediate family member of a SchoolsFirst FCU Member, you’re eligible.

  • PenFed CU logo

    PenFed Credit Union Membership

    • PenFed is headquartered in McLean, Virginia, offering financial services.
    • The 2nd largest credit union in Virginia with assets totaling $25.92 Billion and serving over 2.04 million members.

    Membership: Open to everyone.

  • State Employees' Credit Union logo

    State Employees Credit Union Membership

    • State Employees is the largest credit union in North Carolina, offering banking and financial services.
    • Assets total $42.85 billion, and serving more than 2.49 million members.
    Membership: Membership is limited to employees of the state of North Carolina.

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.

Main Menu