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First Us Community Credit Union
How to Find a Credit Union
Edward Filene, a department store tycoon is hailed as the father of credit unions in the United States. Getting a loan is easier than you think. Credit unions offer special rates for loans that can be helpful to a borrower, and, consequently, they are very popular.
Try contacting occupational, fraternal, religious and alumni organizations you are affiliated with to see if they have a credit union you can join. In fact the American Bankers Association made withdrawal of the tax-free benefits to credit unions as its moot point for the last two years. But now, whatever holds together a credit union can be something less defined, a geographic region or social ties, for instance.
Massachusetts was the first state to pass a credit union law. It's quite easy, really. There may be a credit union covering the particular industry/place of employment where you or your partner work so it may be worthwhile contacting your payroll department or union representative.
Another benefit of Credit Unions is they are local, ethical and know what their members want. The Visa Check Card is perfect for Navy Federal Credit Union members who are frequent travelers. Looking around can pay off in spades. They offer free checking accounts with a free debit card. This comes as a strong point in favor of the credit unions.
Credit unions are just as safe as banks to save money and have plenty of oversight to ensure that they are solvent.
Most major credit unions offer all of the same services as big banks. Being a member of the Navy Federal Credit Union can save you hundreds of dollars. Many young families who are just starting out have very demanding financial needs and most often they are required to stretch their limited dollars.
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