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  • M.E. Employees Credit Union Membership

    • ME Employees Credit Union is headquartered in Wausau, Wisconsin and has been serving members since 1932.
    • Manages $17,586,105 in assets and serves 1,358 members.

    Membership: Serving the employees, retirees, and immediate family of Regal Beloit and Graphic Packaging.

  • Dairyland Power Credit Union Membership

    • Dairyland Power Credit Union is headquartered in La Crosse, Wisconsin has been serving members since 1952.
    • Manages $20,199,903 in assets and serves 1,260 members.

    Membership: Open to any employee of the Dairyland Power Coop system and more.

  • Oshkosh Community Credit Union Membership

    • Oshkosh Community Credit Union is headquartered in Oshkosh, Wisconsin has been serving members since 1936.
    • Manages $21,231,846 in assets and serves 2,635 members.

    Membership: Anyone who lives or works in Winnebago County in Wisconsin.

  • Nekoosa Credit Union Membership

    • Nekoosa Credit Union is headquartered in Nekoosa, Wisconsin and has been serving members since 1935.
    • Manages $27,489,869 in assets and serves 1,345 members.

    Membership: Living, working, or a relative of someone living or working in our chartered area of Wood, Juneau, or Adams County in Wisconsin.

  • Racine Municipal Employees Credit Union (RMECU) Membership

    • Racine Municipal Employees Credit Union is headquartered in Racine, Wisconsin and has served members since 1953.
    • Manages $22,460,966 in assets and serves 1,868 members.

    Membership: Serving employees and retirees with their immediate family members from City of Racine.

  • Health Care Credit Union Wisconsin Membership

    • Health Care Credit Union is headquartered in Oshkosh, Wisconsin and has served members since 1960.
    • Manages $34,291,150 in assets and serves 2,512 members.

    Membership: Anyone living or working in Winnebago, Fond du Lac, or Outagamie County in Wisconsin.

  • Teachers Credit Union Wisconsin Membership

    • Teachers Credit Union is headquartered in Beloit, Wisconsin and has been serving members since 1934.
    • Manages $32,119,703 in assets and serves 2,115 members.

    Membership: Eligibility offered for specific groups in Wisconsin and Illinois.

  • Meadowland Credit Union Membership

    • Meadowland Credit Union is headquartered in Sheboygan Falls, Wisconsin and has been serving members since 1957.
    • Manages $31,141,521 in assets and serves 2,603 members.

    Membership: Reside in Sheboygan County, Wisconsin.

  • WEA Credit Union Membership

    • WEA Credit Union is headquartered in Madison, Wisconsin and has been serving members since 1931.
    • Manages $35,209,080 in assets and serves 2,702 members.

    Membership: All employees and retirees of any Wisconsin educational organization.

  • Bay Shore Credit Union Membership

    Bay Shore Credit Union is headquartered in Marinette, Wisconsin and has been serving members since 1953.

    Manages $46,466,666 in assets and serves 3,391 members.

    Membership: Open to anyone living or working in Marinette and Oconto Counties in Wisconsin and Menominee County in Michigan.

  • 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.

  • Central Wisconsin Credit Union Membership

    • Central Wisconsin Credit Union is headquartered in Plover, Wisconsin has been serving members since 1948.
    • Manages $51,297,310 in assets and serves 3,751 members.

    Membership: Meet the requirements set forth by the 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.

  • Focus Credit Union Membership

    • FOCUS Credit Union is headquartered in Menomonee Falls, Wisconsin has been serving members since 1964.
    • Manages $56,477,822 in assets and serves 6,733 members.

    Membership: Anyone who lives or works in Milwaukee, Waukesha, Ozaukee, or Washington Counties in Wisconsin.

  • Evergreen Credit Union Wisconsin Membership

    • Evergreen Credit Union is headquartered in Neenah, Wisconsin and has served members since 1958.
    • Manages $57,018,874 in assets and 3,436 members.

    Membership: Lives, works, or attends a two or four-year college in Winnebago, Outagamie, Calumet, Waupaca, and Waushara counties in Wisconsin.

  • Evergreen Credit Union Membership

    • Evergreen Credit Union is headquartered in Portland, Maine and has served members since 1951.
    • Manages $531,993,704 in assets and serves 29,501 members.

    Membership: Live, work, worship, or attend school in Androscoggin, Cumberland, Lincoln, Oxford, Sagadahoc, or York County in Maine.

     

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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