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  • Ascentra Credit Union

    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.

  • ASE Credit Union

    ASE Credit Union Membership

    • ASE Credit Union is headquartered in Montgomery, Alabama and has served members since 1954.
    • 16th largest credit union in Alabama, managing $398.26 Million in assets and serving over 45,000 members.

    Membership: If you live, work, worship, or attend school in the 8 counties surrounding Montgomery, AL.

  • Aspiration Spend & Save Account with a Conscious

    • Aspiration Spend and Save is a cash management service with a socially conscious mission.
    • Deposits won’t fund fossil fuel exploration or production.
    • 55,000 free in-network ATMs.
    • 3-5% cashback on Conscience Coalition purchases.
    • Pay what is fair. You decide.
  • Atchison Village Credit Union

    Atchison Village Credit Union Membership

    • Atchison Village Credit Union is headquartered in Richmond, California and has been serving members since 1959.
    • Manages $12.6 Million in assets and serves over 2,000 members.

    Membership: Be a resident of Atchison Village or a resident’s relative.

  • Athens Area Credit Union

    Athens Area Credit Union Membership

    • Athens Area Credit Union is headquartered in Athens, Wisconsin and has served members since 1959.
    • Manages $46,584,541 in assets and serves 2,962 members.

    Membership: If you live or work in Marathon, Lincoln, Clark, Taylor, or Wood County in Wisconsin.

  • Auburn University Credit Union

    Auburn University Credit Union Membership

    • Auburn University Credit Union is headquartered in Auburn, Alabama and has served members since 1960.
    • 21st largest credit union in Alabama, managing $238.97 Million in assets and serving over 17,000 members.

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

  • Avadian Credit Union

    Avadian Credit Union Membership

    • Avadian Credit Union is headquartered in Hoover, Alabama and has served members since 1934.
    • 8th largest credit union in Alabama, managing $1.33 Billion in assets and serving over 94,000 members.

    Membership: If you live, work, worship, or attend school in any of the counties served by the credit union.

  • Avenir Financial Credit Union

    Avenir Financial Credit Union Membership

    • AEA Federal Credit Union is headquartered in Yuma, Arizona and has been serving members since 1942.
    • 14th largest credit union in the state of Arizona, managing $384.83 Million in assets and serving over 34,000 members.

    Membership: Open to you or an immediate family member who lives, works, worships, or attends school in either Yuma or La Paz County, Arizona.

  • 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.

  • Avestar Credit Union

    Avestar Credit Union Membership

    • Avestar Credit Union is headquartered in Waterloo, Wisconsin and has served members since 1964.
    • Manages $38,912,721 in assets and serves 4,044 members.

    Membership: Anyone living or employed in Columbia, Jefferson, Dane, Dodge, Iowa, and Rock Counties in Wisconsin.

  • Badger Globe Credit Union

    Badger Globe Credit Union Membership

    • Badger Globe Credit Union is headquartered in Neenah, Wisconsin and has been serving members since 1947.
    • Manages $51,992,159 in assets and serves 2,658 members.

    Membership: Current employees and retirees of Kimberly-Clark Corporation.

  • Bank-Fund Staff FCU logo

    Bank-Fund Staff Federal Credit Union Membership

    • Bank-Fund Staff Federal Credit Union is a not-for-profit, member-owned financial cooperative providing financial banking services.
    • The largest credit union in Washington, D.C., with assets totaling $5.58 Billion and serving over 90,000 members.

    Membership: Eligible persons include employees and consultants of The World Bank Group.

  • Banner Federal Credit Union

    Banner Federal Credit Union Membership

    • Banner Federal Credit Union is headquartered in Mesa, Arizona and has served members since 1957.
    • 23rd largest credit union in Arizona, managing $68.28 Million in assets and serving over 8,000 members.

    Membership: Membership eligibility is limited to Banner Health System and Sonora Quest Laboratory employees.

  • Barksdale Federal Credit Union

    Barksdale Federal Credit Union Membership

    • Barksdale Federal Credit Union headquarters is in Bossier City, Louisiana and has been serving members since 1954.
    • Manages over $2.24 Billion in assets and serves over 155,000 members.

    Membership: Live, work, worship, attend school, or own a business in Bossier, Caddo, Webster, Rapides, Allen, or Grant parish in Louisiana.

  • Baton Rouge Telco Federal Credit Union

    Baton Rouge Telco Federal Credit Union Membership

    • Baton Rouge Telco Federal Credit Union is headquartered in Baton Rouge, Louisiana and has been serving members since 1936.
    • 11th largest credit union in Louisiana, managing $428.77 Million in assets and serving over 34,000 members.

    Membership: If you live, work, or attend school in one of the designated parishes in Louisiana.

  • 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.

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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