Become A Credit Union Member - Service Federal Credit Union (2024)

At Service CU, our members are actually part owners. This means, what’s important to you is important to us. Whether it’s saving for the future or bettering your financial health, we’re here to create a better future together.

Being an owner can also help you save year after year. Thanks to our low rates and ATM and ISA fee reimbursem*nts, members with an auto loan and Service CU checking save an average of more than $236 per year vs those using a traditional banking institution.*

There are many ways to become a member of Service Credit Union! Membership is open to anyone in the below qualifying groups:

A

871 Islington Condominium Association, Portsmouth, NH
A Safe Place, Inc., Portsmouth, NH
Abbott Village Unit Owners Association, Concord, NH
Acuity Eyecare, Salem, NH
Adelphia Communications, Lebanon, Concord or Newport, NH
Advanced Home Designers, Derry, NH
Agri-Mark, Inc., Methuen, MA
Alfred McAlpine, Inc, Salem, NH
Allen Datagraph, Inc., Salem, NH
Alliance Aircraft Corporation, Portsmouth, NH
Alliant Specialty Metals, Hampstead, NH
America’s Credit Union Museum (ACUM), Manchester, NH
American Construction, Marlborough, NH
American Consumer Council members, San Diego, CA
Androscoggin Valley Country Club, Gorham, NH
Antioch New England Graduate School, Keene, NH
Applewood Healthcare Center, Winchester, NH
ARC Mechanical Contractors, Bradford, VT
Armed Forces Financial Network (AAFN), Saint Petersburg, FL
Arthur Whitcomb, Inc., Tilton, Charlestown, Peterborough, Twin Mountain, West Lebanon, or Keene, NH
Atlantic Staff Management, Stratham, NH
Au Bon Pain, Lebanon or Newington, NH or Hyannis, MA
Autumn Passages, Keene, NH

B

B & B Chem Products, West Swanzey, NH
Bagel Works Production Facility, Keene, NH
Beachside Inn Condominium Association, Hampton, NH
Beau Meadow Farm, Auburn, NH
Bedford Mothers’ Club School, Bedford, NH
Belluscio Construction, Westmoreland, NH
Bernier Corporation who work in Exeter, NH
Beswick Engineering Company, Inc., Greenland, NH
Big Brothers Big Sisters of New Hampshire, Stratham, NH
Bioquest, Inc., Atkinson, NH
Birons Styling Salon, Walpole, NH
Blouin Service LLC, Seabrook, NH
Bocra Industries, Inc.
Boston Cooper Corporation, Salem, NH
Braden Printing, Keene, NH
Brentwood New Hampshire Police Association, Brentwood, NH
Brothers Tire Service, Inc., Keene, NH
Browning-Ferris Industries
Brueckner Group USA, Inc.

C

C&J Travel, Inc. DBA Portsmouth Travel Agency
Camire’s Gulf, Salem, NH
Car-Del Properties Management, Salem, NH
Career Designs, Inc., Keene, NH
Carl B .Thomas Construction, Spofford, NH
Carlisle Restoration Lumber Inc, Stoddard, NH
Casassa and Ryan, Attorneys at Law, Hampton, NH
Cedarcrest Rehabilitation Center, Keene, NH
Celtech Biologics, Inc., Portsmouth, NH
Center for Life Management, Derry, Salem or Windham, NH
Cetacean Networks, Inc., Portsmouth, NH
Charles P. Blouin Inc, Seabrook, NH
Cheshire Employment Services, Keene, NH
City of Berlin, NH – City Employees
City of Franklin, NH – City Employees
City of Rochester, NH – City Employees
City of Rochester, NH – House Authority
Climate Air Corp., Salem, NH
Clipper Home Affiliates, Inc.
Clipper Homes of North Conway, Inc.
Coast Guard contractors who are assigned to, stationed at, or work at any United States Government installation, facility, or unit, afloat or ashore
Coast Guard personnel (military and civilian) who are assigned to, stationed at, or work at any United States Government installation, facility, or unit, afloat or ashore
Coe-Brown Academy, Northwood, NH
Collette’s Grove Association, Derry, NH
Colonial Green Products, Rindge, NH
Community Christian School or Community Bible Church, West Swanzey, NH
Computer Town Inc., Salem, NH
Concord Portex-Syms, Keene, NH
Country Hair Fair, Keene, NH
Crafts Automotive Repair services, Inc., Salem, NH
Creative Labor System, Keene, NH
Credit Union Executive Society (CUES), Madison, WI
Credit Union National Association (CUNA), Washington, DC or Madison, WI
Crotched Mountain Foundation, Greenfield, NH
Crotched Mountain Rehabilitation, Greenfield, NH
Cub Scout Pack #164 of New Franklin Elementary School, Portsmouth, NH

D

D.B. Data, Inc., Portsmouth, NH
D.D. Bean, Jaffrey, NH
Dartmouth College
Dartmouth-Hitchco*ck Health and the following subsidiaries: Alice Peck Day Memorial Hospital, Cheshire Medical Center, Dartmouth-Hitchco*ck Heater Road, Hanover, Dartmouth-Hitchco*ck Lyme Clinic, and Mary Hitchco*ck Memorial Hospital
Data Electronic Devices, Inc., Salem, NH
DCI, Inc. – Lisbon, NH
Defense Credit Union Council (DCUC), Washington, DC
Department of Defense contractors who are assigned to, stationed at, or work at any United States Government installation, facility, or unit, afloat or ashore
Department of Defense personnel (military and civilian) who are assigned to, stationed at, or work at any United States Government installation, facility, or unit, afloat or ashore
Design Center of the General Tire & Rubber Company, Salem, NH
Diaphragm Industries, Inc.
Disability Rights Center (DRC) – Concord, NH
Disabled American Veterans – Portsmouth Chapter No. 4
DNP Imagingcomm American Corporation DBA Innovative FOTO, Salem, NH
Dodge’s Farm, Hampton Falls, NH
Douglas Cuddle Toys, Keene, NH
Dube’s Construction Plus, Atkinson, NH
Dublin School, Dublin, NH
Durkee Personnel, North Hampton, NH
Durham Business Association, Durham, NH

E

East Coast Lumber, East Hampstead, NH
Eastern Industrial Automation
Educational Consultants Group, Keene, NH
Electronic Imaging Materials, Inc., Keene, NH
Elkins Fish & Game Club, Wilmot, NH
Ermer Oil Co., North Salem, NH
Exeter Cemetery Association, Exeter, NH
Exeter Health Resources, Inc. – Exeter, NH
Exeter -Newmarket Child Care, Newmarket, NH

F

Fairfields Motors, Keene, NH
Farrow’s Power Equipment & Marine Service, Windham, NH
Felkon, Inc.
Fences Unlimited, Inc. & The Stove Shoppe, Epping, Manchester or Windham, NH
Filtrine Mfg, Harrisville, NH
Foleys Funeral Home, Keene, NH
Franklin Pierce College, Rindge, NH
Fredette Associates, Inc., Salem, NH
Freedom Cafe, Durham, NH
Freudenberg-NOK Sealing Technologies, Bristol, Manchester or Northfield, NH
Friends of the Music Hall, Portsmouth, NH

G

Gel-Ice, Inc.
Genesis HealthCare divisions, subsidiaries, or locations including Clipper House of Portsmouth, Clipper Home of Rochester, Clipper Home of Wolfeboro, Goodwin’s of Exeter, Langdon Place of Dover, Langdon Place of Exeter
Granite State Snack Food, Inc., Salem, NH
Grashow Corporation, Keene, NH
Grassroots Cable Systems, Inc.
Greater Derry Extended Day Program, Derry, NH
Greater Rochester Chamber of Commerce
Greater Salem Area Board of Realtors, Inc., Salem, NH
Grinnell Fire Protection Systems Company, Inc.

H

Hammar and Sons, Inc., Pelham, NH
Hampstead Professional Firefighters, Hampstead, NH
Hampton Woods Condominium Association, Hampton, NH
Harborside Healthcare-Westwood, Keene, NH
Harman Law Office, Portsmouth, NH
Harrisville Designs, Harrisville, NH
HEART System, Inc., Salem, NH
Hidden Lake Association, Stoddard, NH
Hitchco*ck Foundation
Home Health Care & Community Services, Peterborough, Charleston or Keene, NH
Honda Motorcars of Salem, Salem, NH
Hospice of the Upper Valley, Inc., Lebanon, NH
Housing Authority, Salem, NH
Hubbard Farms and British United Turkeys of America, Walpole, NH

I

Innovative Machine & Supply, Inc., Winchester, NH
InterMate, Portsmouth, NH
International Brotherhood of Police Officers Local #565 members, Derry, NH
ISG Inc.–Kollmorgen, Keene, NH

J

J.H. Dunning or Yankee Publishing, Dublin, NH
Jaffrey Fire Protection, Jaffrey, NH
James Verra and Associates, Inc.
Jeremy Hiltz Excavating Inc., Ashland, NH
Jewett Construction Co. Inc., Raymond, NH
JSA Inc. Architects and Planners, Portsmouth, NH

K

K & B Homes, Inc., Salem, NH
Keene Center DBA McKerley Health Care Center, Keene, NH
Keene Electric and Plumbing, Keene, NH
Keene Gas Corp., Keene, NH
Keene Housing Authority, Keene, NH
Keene Industrial Paper, Keene, NH
Keene Medical Products Inc., Lebanon, NH
Kimball Chase Company, Inc., Salem, NH
Kimi Nichols Center, Plaistow, NH
Kittery Day Care Center, Kittery, ME

L

L.W. Packard and Company, Inc.
Laidlow Transportation, Keene or Salem, NH
Lancaster Synthesis Ltd., Windham, NH
Legere’s Beauty Salon, Keene, NH
Lewis Builders of New Hampshire, Inc., Hampstead, NH
Lodging Valuation & Consultation, Newington, NH or Boxford, MA
Ludlow Corporation
Lyme Country Store, Lyme, NH
Lynn C. Rust CPA PC, Swanzey, NH

M

M.V.S. Fulfillment Services, Inc., East Swanzey, NH
Manuel J. Sousa, DDS, Salem, NH
Marinel Transportation Inc., Milford, North Hampton or Merrimack, NH
Mark H. Wentworth Home
Markem Corp., Keene, NH
Market Square Architects PLLC, Portsmouth, NH
Masiello Insurance Agency, Inc., Keene, NH
Masiello Travel Services, Inc., Keene, NH
Medical Media Systems, Lebanon, NH
Members of Gile Hill Condominium Association Inc, Hanover, NH
MFE Instruments Corporation, Salem, NH
Monadnock Artisan’s Gallery, Westmoreland, NH
Monadnock Childrens Special Services, Keene, NH
Monadnock Community Hospital, Peterborough, NH
Monadnock Credit Union #61005 members as of June 30, 1992
Monadnock Day Care, Peterborough, NH
Monadnock Development Services, Inc., Keene, NH
Monadnock Family & Mental Health, Keene, Peterborough, Winchester or Walpole, NH
Monadnock Forest Products, Jaffrey, NH
Monadnock Region Humane Society, Swanzey, NH
Monadnock Worksource, Peterborough, NH
Monadnock-Honey Brook, Inc., Keene, NH
Monarch School of New England, Rochester, NH
Morley Company
My Friend’s Place, Dover, NH

N

N.H.B.B., Inc., Peterborough or Laconia, NH
National Association of Federal Credit Unions (NAFCU), Washington, DC
National Association of State Chartered Credit Unions (NASCUS), Arlington, VA
National Collaborative for Digital Equity, Weare, NH
National Education Association of New Hampshire, Concord, NH
National Guards of the states, territories, and the District of Columbia contractors
National Guards of the states, territories, and the District of Columbia personnel (military and civilian)
New England College, Henniker, NH
New England Labels, West Swanzey, NH
New England United Association, Concord, NH
New England Wire Technologies, Lisbon, NH
New Hampshire Osteopathic Association, Concord, NH
New Hampshire Tax and Business Services, Inc., Londonderry, NH
New Hampton School, New Hampton, NH
NH 4-H Association (This Select Employer Group relationship allows for NH 4-H groups to be eligible for business memberships. Individual 4-H members are not eligible for membership at this time.)
NH SAU 1 – Contoocook Valley
NH SAU 2 – Inter-Lakes Cooperative
NH SAU 4 – Newfound Area
NH SAU 5 – Oyster River Cooperative School District
NH SAU 7 – Colebrook
NH SAU 9 – Conway
NH SAU 10 – Derry Cooperative
NH SAU 12 – Londonderry
NH SAU 13 – Tamworth
NH SAU 14 – Epping
NH SAU 16 – Exeter
NH SAU 17 – Sanborn Regional
NH SAU 18 – Franklin
NH SAU 19 – Goffstown
NH SAU 23 – Haverhill Cooperative
NH SAU 24 – Henniker
NH SAU 25 – Bedford
NH SAU 26 – Merrimack
NH SAU 28 – Pelham
NH SAU 28 – Pelham
NH SAU 29 – Keene
NH SAU 30 – Laconia
NH SAU 31 – Newmarket
NH SAU 33 – Raymond
NH SAU 34 – Hillsboro-Deering
NH SAU 35 – White Mountains
NH SAU 36 – White Mountains Regional School District
NH SAU 38 – Monadnock Regional
NH SAU 39 – Amherst
NH SAU 40 – Milford
NH SAU 41 – Hollis-Brookline
NH SAU 43 – Newport
NH SAU 44 – Northwood
NH SAU 45 – Moultonborough
NH SAU 47 – Jaffrey-Rindge
NH SAU 48 – Plymouth
NH SAU 49 – Governor Wentworth, Wolfeboro, NH
NH SAU 51 – Pittsfield
NH SAU 53 – Pembroke
NH SAU 55 – Timberlane Regional
NH SAU 56 – Somersworth
NH SAU 57 – Salem
NH SAU 58 – Northumberland
NH SAU 59 – Winnisquam
NH SAU 60 – Fall Mountain Regional
NH SAU 61 – Farmington
NH SAU 63 – Wilton
NH SAU 64 – Milton
NH SAU 65 – Kearsarge Regional
NH SAU 66 – Hopkinton
NH SAU 67 – Bow
NH SAU 74 – Barrington
NH SAU 82 – Chester
NH SAU 95 – Windham
North Country Healthcare – Androscoggin Valley Hospital, Berlin, NH
North Country Healthcare – Home, Health &Hospice Agency, Littleton, NH
North Country Healthcare – Upper Connecticut Valley Hospital, Colebrook, NH
North Country Healthcare – Weeks Medical Center, Lancaster, NH
North Country Healthcare – Whitefield, NH
Northeast Rehabilitation Hospital, All Locations
Northern Utilities, Inc., Portsmouth, NH
Northland Forest Products, Inc., Kingston, NH

O

Old #4 Rod, Gun, and Snowmobile Club, Charlestown, NH
One Eighty Court, Keene, NH
Optical Filters Corp., Keene, NH
Opt-I-Care Eye Center, Derry, NH
Opticraft, Inc., Woburn, MA
Options In Community Living, Newmarket, NH
Oyster River Interventionist and Tutors Association, Brentwood, NH

P

Pak Mail Centers of America, Salem, NH
Palmer Gas Co., Inc., North Salem, NH
Pat & Tony’s General Store, Lebanon, NH
PC Connection, Keene, Marlow or Newport, NH
Pease Development Authority, Portsmouth, NH
Penn Mutual Life Insurance Company who work in Bedford, NH
Peterboro Basket, Peterborough, NH
Phillips Exeter Academy, Exeter, NH
Phoenix Precision, Laconia, NH
Pinkerton Academy, Derry, NH
Piscataqua Pioneers, Hollis, NH
Planned Parenthood of Northern New England, Bedford, Keene, Portsmouth, or Salem, NH
Plumb Pak Corporation, West Swanzey, NH
Policy Well & Pump Company, Windham, NH
Porter Communications, Inc.
Portland Natural Gas Transmission System, Portsmouth, NH
Portsmouth Brewery, Inc., Portsmouth, NH
Portsmouth Hospital
Portsmouth Housing Authority, Portsmouth, NH
Portsmouth Lions Club in Portsmouth, NH
Post Woodworking, Danville, NH
Powerhouse Mall tenants and employees, West Lebanon, NH
Powerhouse Plaza tenants and employees, West Lebanon, NH
Precisionforms, Inc., a division of Datagraphic Inc., Jaffrey, NH
Prescott Park Arts Festival, Portsmouth, NH
Primary Rate Inc., Salem, NH
Professional Fire Fighters of Massachusetts, Boston, MA
Professional Fire Fighters of New Hampshire, Concord, NH
Profit Key International, Inc., Salem, NH
Project Second Start, Concord, NH
Promises to Keep, Derry, NH
Prudential Insurance Company of America, Keene, NH

R

R.A. Ward & Sons, Contoocook, NH
Rank Taylor Hobson, Keene, NH
Rapid Transport Corp, Portsmouth, NH
Red River Computer Co Inc., Lebanon, NH
Reliable Security Guard Agency, Inc., Salem, NH
Relyco Sales, Inc., Hampton, NH
Residential Resources Inc., Keene, NH
Richard Electric, Wilder, VT
Richard K. Fenton Color & Design Consultant, Inc., Hampstead, NH
Richs Department Store, Keene, NH
Rock the Cup, LLC DBA Aroma Joe’s – Amherst, Hooksett and Manchester, NH
Rockingham Toyota Dodge, Salem, NH
Rollinsford Public Library, Rollinsford, NH
Rotary Club of Portsmouth – No. 1391, District 779
Roy’s Taxi
Rug A Rama
Russell Electric, Peterborough, NH

S

S & S Painting Inc.,West Swanzey, NH
Saint Joseph’s Regional School, Salem, NH
Saints Mary and Joseph Parish members, Salem, NH
Salem Boys Club, Inc., Salem, NH
Salem Observer, Salem, NH
Salem Screen Printers, Inc., Salem, NH
Salem Technologies, Inc., Salem, NH
Salem Women’s Club Membres, Salem, NH
Salemhaven, Inc., Salem, NH
Sano and Croft Attorney at Law, Salem, NH
Satellite Agency Network Group, Hampton, NH
Satellite Realty Services of Keene, Keene, NH
Schleicher & Schuell, Inc., Keene, NH
School Administration Unit 20, Gorham, NH
Scott Electronics, Inc., Keene, NH
Seacoast Learning Collaborative, Epping, NH
Seacoast Pathology P.A.
Seacoast Redi Care
Seafield Pines Hospital, Keene, NH
Senior Helpers, Stratham, NH
Servicemaster of Merrimack Valley, Inc., Salem, NH
Sheraton Harborside Portsmouth Hotel & Conference Center, Portsmouth, NH
Simon Pearce (US), Inc., Hanover, NH or Quechee, VT
Simplex Wire and Cable Company
Smith Office, Inc.
Socia Tech., Laconia, NH
Software Professionals Corporation, Salem, NH
Soule, Leslie, Bronstein & Zelin Attorneys at Law, Salem, NH
Southern Maine Fish and Game Club, Inc. members, Kittery, ME
Southern New Hampshire Services, Inc. Retired and Senior Volunteer Program, Hillsborough or Rockingham Counties, NH
Southers Construction Inc., Epping, NH
Southwestern Mutual Aid, Keene, NH
Special Education Consortium, Milford, NH
Spinnaker Point Condominium Association, Portsmouth, NH
Spofford Hall, Spofford, NH
St. Kieran Community Center for the Arts, Berlin, NH
Standard Plumbing & Heating Supply Corp.
Stanley Associates of New England, Portsmouth, NH
State of Police Association of Massachusetts (S.P.A.M.), Boston, MA
State Street Discount, Portsmouth, NH
Statistica, Inc., Portsmouth, NH
Steven Eric Feld-Attorney at Law
Strafford Learning Center, Somersworth, NH
Strafford Nutrition & Meals on Wheels, Somersworth, NH
Strong Foundation Chartered Public School, Pembroke, NH
Stylistics, Salem, NH
Sullivan County Motors Inc., Claremont, NH
SuperValu, Keene, NH
Surge Resources, Inc., Londonderry, NH
Syd’s Paint Shop, Keene, NH

T

T.A.M. Associates, Inc., Keene, NH
T.L.G. Inc., Salem, NH
T-Bones Restaurant, Salem, NH
Technology Consulting Group Inc, Londonderry, NH
TFX Medical, Inc., Jaffrey, NH
The Center at Keene, NH
The Christmas Tree Shop, Salem, NH
The Commons of Atkinson Condominium Association, Atkinson, NH
The Community Kitchen, Inc., Keene, NH
The Cottage at Boar’s Head Condominiums, Hampton, NH
The First Baptist Church employees and members, Troy, NH
The Friends of the Weeks Public Library, Greenland, NH
The National Records Management Corporation, Derry, NH
The Netherlands Insurance Companies, Keene, NH
The Salem Record, Salem, NH
The Shirt Factory, Salem, NH
Tilton School, Tilton, NH
Tim Kerwin-Certified Professional Photographer, Somersworth, NH
Title & Company, Salem, NH
Toward a New Vision, Munsonville, NH
Town & Country Inn and Resort, Shelburne, NH
Town of Durham, NH
Town of Epping, NH
Town of Gorham, NH
Town of Hanco*ck, NH
Town of Keene, NH
Town of Peterborough, Peterborough, NH
Town of Winchester, Winchester, NH
Town of Wolfeboro, NH
Tri-Star Food Services, Inc., Salem, NH
Tri-State Signs, Inc., Derry, NH
Troy Mills, Troy, NH
Twin City Optical Co., Inc., Keene, NH
Tyco Laboratories

U

United Development Services, Hanover, Lebanon, or Lyme, NH
United States Department of State, Portsmouth Consular Center, Portsmouth, NH
United States Government employees who are assigned to or work at a Department of Defense installation, facility, or unit, afloat or ashore, and who have a mission compatibility and a strong dependency relationship with their Department of Defense hosts
United States Postal Service – Atkinson, NH
United States Postal Service – Danville, NH
United States Postal Service – Derry, NH
United States Postal Service – Hampstead, NH
United States Postal Service – Plaistow, NH
United States Postal Service – Salem, NH
United States Postal Service – Sandown, NH
United States Postal Service – Windham, NH
United Way, Keene, NH
Univex, Salem, NH

V

Vicinity Corporation, Lebanon, NH
Vicuna Cotton Company, Ltd., Portsmouth, NH
Visiting Nurse and Hospice of Vermont and New Hampshire, White River Junction, VT

W

W. L. Boirassa Disposal, Keene, NH
Wayne Green Enterprises, Hanco*ck, NH
Webster At Rye, Rye, NH
Wendco of Concord LLC, Concord, NH
Westwood Health Care Center, Keene, NH
WHEB, Portsmouth, NH
White Birch Community Center, Henniker, NH
Whitehall Pavilion Nursing Home
Whitney Brothers, Keene, NH
Wingate Salon & Spa, Stratham, NH
Wissler Auto Group LLC DBA Volkswagen of Rochester – Rochester, NH
WKNE, Keene, NH
WKS Inc., Keene, NH
Wolfeboro Area Children’s Center, Inc., Wolfeboro, NH
Workstation Technologies, Inc., Salem, NH

XYZ

Yankee Contract Services, Inc., Salem, NH

Become A Credit Union Member - Service Federal Credit Union (2024)

FAQs

What is the hardest credit union to get? ›

Progressive Credit Union - You must be recommended by another member. This might be the most unique credit union requirement, and it also seems to be the toughest.

Is usually a benefit of being a member at a credit union? ›

Credit unions can offer great interest rates and low fees. Rather than paying profit margins to investors, credit unions put profits back into the business by offering low interest rates on loans and high interest rates on savings accounts, effectively giving any extra money back to credit union members.

Is it hard to start a credit union? ›

Once you have a group of committed individuals, you'll need to file paperwork with your state's financial regulator to establish your credit union. The process can be tedious, but if you follow the steps above, you should be able to open your own credit union without too much difficulty.

What are three ways for credit union membership? ›

A credit union's field of membership is the legal definition of who is eligible to join. Credit unions often want to expand their fields of membership to include additional potential members. Federal credit unions operate under one of three kinds of charters: single common bond, multiple common bond, or community.

What is the easiest credit union to join? ›

Credit Unions With Easy Membership Requirements
  1. Affinity Plus Federal Credit Union. Affinity Plus Federal Credit Union. ...
  2. Alliant Credit Union. Alliant Credit Union. ...
  3. Bethpage Federal Credit Union. ...
  4. Blue Federal Credit Union. ...
  5. Connexus Credit Union. ...
  6. Consumers Credit Union. ...
  7. Credit Human Federal Credit Union. ...
  8. Dow Credit Union.
Jul 23, 2024

Who are the top 5 credit unions? ›

The largest credit unions in the U.S. include Navy Federal, State Employees', PenFed, Boeing Employees', SchoolsFirst, Golden 1, America First and Alliant. Ashley Donohoe is a personal finance writer based in Cincinnati covering banking, loans, investments and taxation.

Is it smart to join a credit union? ›

Bottom line. Lower fees and higher interest rates on savings are just a few of the typical advantages of working with a credit union. But before you leave your bank, make sure to research the credit unions in your area.

What is one of the drawbacks of a credit union? ›

Membership required. Credit unions require their customers to be members. Account holders must meet eligibility requirements to use the products and services.

Why would someone want to work at a credit union? ›

Credit unions are member-centric, community-minded places to work. Numerica is interested in investing in its employees to help them live well. While working at a credit union, you improve the well-being of your friends and neighbors. You know how to find jobs and apply at Numerica.

What is the difference between a credit union and a federal credit union? ›

Credit Unions are the only democratically run financial institution. A federal credit union is member-owned and controlled. Member's interests are represented by a volunteer board of directors drawn from the membership and elected by the membership.

Do credit unions fail often? ›

Causes of credit union failures

Credit unions do fail from time to time, too, and have seen a few more failures in recent years than banks.

Do credit unions do a hard credit check? ›

A bank or credit union may make a soft inquiry on your credit when you open a new checking account to check for a history of fraud. These soft checks do not affect your credit score. However, in some cases, a bank may perform a hard credit check, which does affect your credit score.

What makes you a member of a credit union? ›

Many credit unions serve anyone that lives, works, worships or attends school in a particular geographic area. Membership in a group, such as a place of worship, school, labor union or homeowners' association may qualify you to join.

Does joining a credit union affect your credit score? ›

While joining a credit union likely won't affect your credit score in and of itself, some of the financial products offered by credit unions can have an impact on your score.

Can anyone join a local credit union? ›

Other credit unions have open membership requirements — meaning anyone can join as long as they meet a requirement such as opening a savings account or making a donation to an affiliated cause or organization.

Is it harder to get a loan with a credit union? ›

Eligibility requirements for personal loans from credit unions are less strict than a bank's criteria. In particular, a low credit score may not disqualify you from a loan with a credit union, because a credit union is more likely to take into account your overall financial circ*mstances.

What is the richest credit union? ›

The Bankrate promise
RankCredit Union NameTotal Assets
1Navy Federal$178 billion
2State Employees'$55.9 billion
3Pentagon Federal$34.4 billion
4SchoolsFirst$30.6 billion
6 more rows
Jul 3, 2024

Do credit unions give higher credit limits? ›

Credit limits for credit union credit cards are often lower than the limits that traditional banks offer, at least when you first open the card. Your limit should increase, though, once the credit union you're banking with sees that you are able to make your payments on time.

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