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How to Find a Credit Union to Join in Your Area

3 min read

Credit unions are popular because they offer the best rates as well as the lowest fees on loans as well as saving accounts. Individuals can easily find local credit unions with the best customer service as well as banking products. If you shop around, though, you will credit unions with additional features that might excite you. If you can’t find credit unions in your local area, you can always join credit unions online and enjoy the services you’re looking for.

Here is a list of credit unions in my area which has fewer qualification requirements, allow small initial deposits, are insured by the federal and allow a person to join anytime online. A new member can easily open a checking and savings account, apply for online, as well as utilize other available credit union services.

Top 3 online credit unions

1. Alliant credit union

It is one of the leading credit unions in the United States. Based in Chicago, it is available to people who reside in the surrounding areas, belongs or work for specific organizations or related to members of Alliant members. An individual can be a member of Alliant by donating $10 or more to Foster Care to Success (FCS) and consequently, becoming a member of FCS, a nonprofit organization which helps people who have just left foster care. You will also get to enjoy 24/7 customer service in addition to the online service options as well as the app. It also comes with fewer fees and relatively low rates.

2. NASA Federal Credit Union

Started by several NASA employees, it has grown to encompass other employers as well as organizations. The staff, as well as members of the employers and organizations, are eligible to join.  While it is free to open accounts at NASA FCU, it costs other groups between $20 and $35 in dues. NASA FCU is also popular for its free FICO credit scores. In addition to the features, it offers personal payments through PayPal along with online services through its mobile application.

3. Lake Michigan Credit Union

Based in Grand Rapids, it is available to residents of the state of Michigan. Residents of Michigan goes to mean people who live, work, worship, or go to school in Michigan. You can easily join if your family member if an LMCU member or you’re a member of a certain organization. It is easy for individuals who contribute to the Amyotrophic Lateral Sclerosis Association to join. It offers a high APY on account balances of checking accounts, although, it can be used as a regular checking account. It runs up to $15 monthly in ATM charges and it also doesn’t have a minimum balance requirement. Additionally, LMCU helps you to track your account activities even when you’re not logged in to your accounts.

Members receive prompt alerts and text notifications on any account activity including when a withdrawal is made, or a balance falls below a certain limit. In addition to the alerts and text banking, LMCU makes it easier for members by offering its services through a mobile application.

Understanding credit union membership

Credit union members are co-owners of the union and since they are non-profit organizations, they tend to offer the best rates with the lowest fees. The fees and rates are also reasonable in organizations because there are payouts to shareholders. An individual can choose to join credit unions in my area either online or in person.

However, it is important to note that they must meet specified criteria which often include possessing something in common with members including where you love or work, religious affiliations, membership in certain organizations and much more.