A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts, share draft accounts, credit cards, credit, share term certificates, and online banking. Normally, only a member of a credit union may deposit or borrow money. In several African countries, credit unions are commonly referred to as SACCOs.
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash.
CS Alterna Bank, operating as Alterna Bank, is a Canadian direct bank and a wholly owned subsidiary of the Ontario-based credit union Alterna Savings. The bank offers chequing and high-interest savings accounts and mortgages.
An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.
CU Cooperative Systems, Inc. doing business as Co-op Solutions, is a company that operates an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank network in the US.
America First Credit Union (AFCU) is a federally chartered credit union headquartered in Riverdale, Utah, United States. As of January 2020, America First was the sixth largest credit union in the United States in terms of total membership and eighth largest credit union in assets in the U.S.
The University of Wisconsin Credit Union is a credit union headquartered in Madison, Wisconsin. As of 2021, UW Credit Union has more than 300,000 members with $4.8 billion in assets and is the third largest credit union in the state of Wisconsin. UW Credit Union currently operates 31 full-service branches throughout the Madison and Milwaukee metropolitan areas, as well as single locations at or near UW System campuses in Whitewater, Green Bay, La Crosse, Oshkosh, and Stevens Point. It also provides over 100 surcharge-free ATMs in Wisconsin. UW Credit Union provides an array of financial services including educational loans, mortgages, consumer loans, checking, savings and investment products, credit and debit cards. UW Credit Union also offers digital banking services such as Web Branch, Mobile App and Wallet, Zelle, mobile deposit, online bill payment, automated phone banking system, and money transfers.
Security Service Federal Credit Union (SSFCU) is a credit union headquartered in San Antonio, Texas, federally chartered and federally insured by the National Credit Union Administration (NCUA). With more than $10.5 billion in assets, Security Service serves more than 800,000 members, and operates 66 locations throughout Texas, Colorado and Utah. Security Service is the largest credit union in San Antonio, Texas, and is among the largest credit unions in the United States. The credit union provides access to more than 5,000 credit union locations nationwide through the CU Service Centers shared branching network.
One Nevada Credit Union, headquartered in Winchester, Nevada, is the largest locally based federally insured, state-chartered credit union in Nevada with locations in Las Vegas, Henderson, Reno, and North Las Vegas.
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Tropical Financial Credit Union (TCFU) is a member-owned credit union that was chartered in 1935 and is headquartered in Miramar, Florida. TFCU is regulated under the authority of the National Credit Union Administration (NCUA).
Wright-Patt Credit Union (WPCU) is a US credit union or financial cooperative headquartered in Beavercreek, Ohio. The credit union was originally headquartered in Fairborn, Ohio; however, it relocated in early 2014. WPCU is registered as a state-chartered credit union, is the largest member-owned credit union in Ohio, and is one of the 50 largest credit unions in the United States. As of February 2022, WPCU has over $7.1 billion in assets, and over 446,000 members. WPCU is federally insured by the National Credit Union Administration (NCUA), which insures accounts in federal and most state-chartered credit unions in the United States. Deposits with Wright-Patt Credit Union are insured to $250,000.
First Entertainment Credit Union is a state-chartered, natural person (retail) credit union – a cooperative financial institution that is owned and controlled by its members and operated for the purpose of providing credit at competitive rates and other financial services to its members. Headquartered in Hollywood, California, First Entertainment Credit Union is regulated under the authority of both the California Department of Financial Protection and Innovation (DFPI) and the National Credit Union Administration (NCUA), an agency of the U.S. federal government.
Actors Federal Credit Union (ActorsFCU) is an American federally chartered credit union—a cooperatively run, not-for-profit financial institution, owned and controlled by its members. Based in New York City, New York, ActorsFCU is regulated and insured by the National Credit Union Administration (NCUA), an agency of the U.S. Federal Government comparable to the Federal Deposit Insurance Corporation. It is the 49th largest credit union in the state of New York and the 993rd largest credit union in the nation. It has an overall health score at DepositAccounts.com of a B, with a B+ Texas ratio. Currently led by Chuck Brown, ActorsFCU serves over 26,000 members of more than 190 organizations nationwide with assets of more than $300,000,000. ActorsFCU has 54 full-time employees with a main office and 4 branch offices.
United Heritage Credit Union is a credit union headquartered in Austin, Texas, chartered and regulated under the authority of the Texas Credit Union Department and federally insured by the National Credit Union Administration. United Heritage Credit Union has over $1 billion in assets.
Frontwave Credit Union is a not-for-profit credit union that is licensed and regulated under the authority of the California Department of Financial Protection and Innovation.
Community First Bank is an Australian member or customer-owned community-focused bank established in Sydney in 1959 as Sydney Water Board Officers Credit Union with branches in Sydney and the central coast region
America's First Federal Credit Union (AFFCU) is a credit union headquartered in Birmingham, Alabama, chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. AFFCU is the third largest credit union in Alabama with more than $1.3 billion in assetsand 21 branches.
Soarion Credit Union, formerly known as Air Force Federal Credit Union (AFFCU), is a US credit union headquartered in San Antonio, Texas, chartered and regulated under the authority of the National Credit Union Administration in 1952. Soarion Credit Union's routing number is 314085504.
Polish & Slavic Federal Credit Union (PSFCU) is a federally insured, federally-chartered, credit union with over 108,000 primary members, serving over 120,000 people. PSFCU has 21 branches in New York, New Jersey, Illinois and Pennsylvania. PSFCU is the largest ethnic credit union in the United States.
