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  • Go Energy Credit Union Membership

    • GoEnergy Financial Credit Union is headquartered in Tucker, Georgia and has been serving members since 1969
    • Currently, manages $144.3 Million in assets and serves over 11,000 members.

    Membership: You’re eligible if you work or live in specific counties in Georgia.

  • Fort Community Credit Union Membership

    • Fort Community Credit Union is headquartered in Fort Atkinson, Wisconsin, and has been serving members since 1940
    • 25th largest credit union in the state of Wisconsin and manages $357.83 Million in assets serving over 22,000 members.

    Membership: Membership is open to anyone living or working in Dane, Dodge, Jefferson, Rock, Walworth, and Waukesha counties.

  • Cooperative Center Federal Credit Union Membership

    • Cooperative Center Federal Credit Union is headquartered in Martinez, California and has been serving members since 1942.
    • Manages $134.82 Million in assets and serves over 8,000 members.

    Membership: If you work for one of the employers, or belong to an association within the Cooperative Center’s field of membership, or have a family member who is currently a member.

  • Combined Employees Credit Union Membership

    • Combined Employees Credit Union is headquartered in Warner Robins, Georgia and has been serving members since 1969.
    • Manages $15.56 Million in assets and serves over 3,000 members.

    Membership: Open to anyone who lives or works in Houston County, Georgia.

  • Community Choice Credit Union (Iowa) Membership

    • Community Choice Credit Union is headquartered in Johnston, Iowa, and has been serving members since 1953.
    • 7th largest credit union in the state of Iowa, managing $796.74 Million in assets and serving over 51,000 members.

    Membership: If you live and work in defined communities in Iowa or have family who are current members.

  • Camino Federal Credit Union Membership

    • Camino Federal Credit Union is headquartered in Montebello, California serving members since 1941
    • Currently $176.66 Million in assets and serves over 13,000 members.

    Membership: Live or work in Southern California.

  • Blue Federal Credit Union Membership

    • Blue Federal Credit Union is headquartered in Cheyenne, Wyoming  serving members since 1951.
    • The largest credit union in the state of Wyoming managing $1.9 Billion in assets serving over 120,000 members.

    Membership: Eligibility for Wyoming and Colorado residents.

  • Black Hills Federal Credit Union Membership

    • Black Hills Federal Credit Union is headquartered in Rapid City, South Dakota, and has been serving members since 1941.
    • The largest credit union in the state of South Dakota and manages $2.27 Billion in assets serving over 97,000 members.

    Membership: Black Hills provides financial services to residents and businesses within a specific geographical area. Membership is also open to the immediate family of current members.

  • 121 Financial Credit Union Membership

    • 121 Financial Credit Union is headquartered in Jacksonville, Florida, and has been serving members since 1935 offering savings, checking, loans, credit and debit cards, online banking, and other related services.
    • Manages $709.88 Million in assets and serves over 50,000 members.

    Membership: 121 Financial offers financial products and services tailored to the unique needs of residents within Florida. Membership is also open to the immediate family of current members.

  • WorldRemit Transfer Money to Family and Friends Overseas

    • WorldRemit is a fast and secure service that lets you transfer money online using a computer, smartphone, or our app.
    • Transfer money online to family and friends abroad with bank transfer, cash pickup, mobile money or WorldRemit Wallet, or Airtime top-up.
    • Low fees and the best exchange rates upfront, with no hidden costs.
  • Remitly Send Money Faster and Securely Worldwide

    • Remitly helps you send money online faster and more securely from the United States to international destinations.
    • Send money directly to a bank account, get cash from thousands of locations in minutes, or send money instantly to a mobile money account, or have your money delivered to your recipient’s home.
    • Competitive exchange rates and low transfer fees. 
  • TransferWise Send Money Abroad and Get Paid Internationally

    • TransferWise is an online account that lets you send money, get paid, and spend money internationally.
    • With a TransferWise account, you can send money abroad, get paid in other currencies, and spend abroad on the TransferWise debit Mastercard.
    • Offers some of the best exchange rates you can find and upfront fees.
  • PayPal Send Money and Pay Online

    • PayPal is a digital payment service you can use while shopping online.
    • Store payment info, such as bank account or credit card numbers, so that you don’t have to enter payment info for each purchase.
    • Transfer money, pay your family and friends, or get debit to use your PayPal Balance.
  • Empower Banking Checking Account with Human Coach

    • Empower is a mobile-only banking service offering a high-yield checking account and debit card with a simple design and insightful features.
    • AutoSave features help you reach savings goals using income and spending analysis.
    • Monthly Report Card gives you insights on how you’re spending, savings and achieving income and debt repayment goals.
    • Human coach for financial guidance, support, and answers to your financial questions.
  • Goalsetter App / Savings and Investing App for Kids

    • Goalsetter believes kids who are early savers will be lifetime savers helping kids start off financially healthy.
    • A savings platform: set auto-save, or rounding up purchases towards savings, and give allowances or payment for chores.
    • Spending platform: A debit card that lets kids from 8 to 18 learn how to budget and spend.
    • Gifting platform: Lets families and friends give meaningful gifts.
    • No set monthly cost. You decide what’s a fair price for the service.
  • Zelle Pay / Send Money Right From Your Banking App

    Brand:Zelle
    • A fast, safe and easy way to send money with friends, family, and others you trust
    • Send money gifts directly into the recipient’s bank account or pay your roommate for your share of the bill
    • Available through the Zelle app or directly within your banking app
    • Most transfers are instantly transferred in or out of your account
    • Zelle is integrated into many banking apps

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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