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  • Connex Credit Union

    Connex Credit Union Membership

    • Connex Credit Union is headquartered in North Haven, Connecticut and has served members since 1940.
    • 5th largest credit union in Connecticut, managing $998.88 Million in assets and serving over 69,000 members.

    Membership: Lives, works, worships, or attends school in New Haven, Hartford, Middlesex, or Fairfield County.

  • Community Choice Credit Union Colorado

    Community Choice Credit Union (Colorado) Membership

    • Community Choice Credit Union is headquartered in Commerce City, Colorado and has been serving members since 1952
    • Manages $99.67 Million in assets and serves over 7,000 members.

    Membership: Anyone employed by the Commerce City Business and Professional Association member is eligible.

  • Columbine Federal Credit Union

    Columbine Federal Credit Union Membership

    • Columbine Federal Credit Union is headquartered in Centennial, Colorado and has served members since 1957.
    • Manages $63.39 Million in assets and serves over 7,000 members.

    Membership: Live in Arapahoe County or the City of Littleton.

  • Aventa Credit Union

    Aventa Credit Union Membership

    • Aventa Credit Union is headquartered in Colorado Springs, Colorado and has been serving members since 1957.
    • 17th largest credit union in Colorado, managing $291.21 Million in assets and serving over 35,000 members.

    Membership: Live or work in select counties in Colorado.

  • Arapahoe Credit Union

    Arapahoe Credit Union Membership

    • Arapahoe Credit Union is headquartered in Centennial, Colorado and has served members since 1938.
    • 25th largest credit union in Colorado, managing $166.51 Million in assets and serving over 13,000 members,

    Membership: Live, work, or attend school in selected Colorado counties.

  • Eagle One Federal Credit Union

    Eagle One Federal Credit Union Membership

    • Eagle One Federal Credit Union is headquartered in Claymont, Delaware and has been serving members since 1935.
    • Manages $92.79 Million in assets and serves over 9,000 members.

    Membership: Persons who live, work (or regularly conduct business in), worship, or attend school in, and businesses and other legal entities located within specific geographic areas.

  • NuVista Federal Credit Union

    NuVista Federal Credit Union Membership

    • NuVista Federal Credit Union is headquartered in Montrose, Colorado and has served members since 1964.
    • Manages $141.67 Million in assets and serves over 7,000 members.

    Membership: Anyone who lives, works, worships, or attends school in Montrose, Delta, Gunnison, Ouray, and San Miguel counties.

  • Excite Credit Union

    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.

  • Valley First Credit Union

    Valley First Credit Union Membership

    • Valley First Credit Union is headquartered in Modesto, California and has been serving members since 1956
    • Manages $1.02 Billion in assets and serves over 78,000 members.

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

  • Episcopal Community Federal Credit Union

    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.

  • Rolling F Credit Union

    Rolling F Credit Union Membership

    • Rolling F Credit Union is headquartered in Turlock, California and has served members since 1948.
    • Manages $64.93 Million in assets and serves over 5,000 members.

    Membership: If you live, work, or worship in Stanislaus or Merced County.

  • Bay Federal Credit Union

    Bay Federal Credit Union Membership

    • Bay Federal Credit Union is headquartered in Capitola, California and has been serving members since 1957
    • Manages $1.59 Billion in assets and serves over 88,000 members.

    Membership: Live, work, worship, or attend school in designated counties in California.

  • Community First Credit Union

    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.

  • California CU logo

    California Credit Union Membership

    • California Credit Union is a state-chartered credit union in Southern California that provides banking services, including savings, loans, and other financial services.
    • 16th largest credit union in California with assets totaling $3.56 Billion and serving more than 164,000 members.

    Membership: Live or work in San Diego, Riverside, Orange County, CA, or Live in California and be employed with select partner companies.

  • Travis CU logo

    Travis Credit Union Membership

    • Travis Credit Union operates as a financial cooperative offering banking and loan products.
    • The 13th largest credit union in California, with assets totaling $3.92 Billion and providing banking services to more than 215,000 members

    Membership: The credit union is open to everyone who lives, works, attends schools, or worships in any of the 12 Northern California counties.

  • CoastHills Credit Union

    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.

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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