PERSONAL FINANCE MANAGEMENT

Community Credit Unions – Benefits of Joining a Credit Union

There are many community financial services that can benefit from a community alliance credit union. Banks, real estate companies and lending institutions can be served by one. This is why you see such organizations popping up all over the place – in Cook County, Washtenaw County, Wayne County and everywhere else in the state of Michigan. But what exactly is a community alliance credit union?

Membership includes: retired government employees, retired teachers, immediate family members, individuals on fixed incomes, children of community members with disabilities who live in or near the community and more. The purpose of this organization is to serve its members with financial services that they need. Details: Online Banking; Mobile Banking; Electronic Access; Instant Application; Interest Free Or Reduced Interest Auto Loans; Senior Citizens Association; On-line Scholarship Programs; National Health Services Account; funds managed by the Department of Health and Human Services; Verified Cash Advance; Hazardous Waste Management; and more. The community credit union is also authorized by the state of Michigan to do business in accordance with the state laws.

One of the most popular ways to become a member of a community alliance credit union is to enroll your business, home, school or any other property you own in a verified community. The verification process includes verification of the ownership, and sometimes additional screening of the owner’s identity and criminal history. Once the member is verified, you can get a variety of benefits including: automatic direct deposit, electronic access to your accounts, free online banking, free mobile banking, free checking account, free trades, cash back, consumer protections, reduced membership fees, no set monthly dues, no annual fees, and much more. Many community memberships also offer extra perks such as free car repairs, free home improvement projects, and free vacations.

The benefits listed above are just a few of the ones you can enjoy once you become a member. Another great advantage is that you don’t have to wait for your community to approve your account to enjoy the benefits listed above. With the internet, you can choose to go mobile and sign up for online mobile banking right from your community. That way, you won’t have to travel anywhere to do your banking. All you need is a computer with an internet connection and you can start depositing money into your account!

Now, let’s talk about how you can use mobile banking to pay for your bills. When you are at home, there are many different options. You could use your computer on your lap or chair, or even do it sitting in bed while watching TV. If you are traveling for work or pleasure, you can still use your computer either sitting in your car, in a hotel room, or even at your desk while you are commuting to and from work. What makes online banking with community credit unions such an excellent option is that you can choose what payment method you want. You can pay by debit card, direct deposit, or even set up an automatic monthly withdrawal from your checking account!

To sign up for online banking with community memberships in your state, simply contact the community and ask about the requirements. Some community banks only require that you be a resident in your community, while others require that you also are a verified citizen. There are some community banks that also require that you have an active checking account. If you have both of those things, you should be able to automatically be approved for the program.

As a verified member, you will also enjoy several other benefits. Aside from being able to deposit into your own account, you will also be eligible for receiving automatic bill pay, free online banking, unlimited free minutes when making transactions, and a few other benefits as well. Being a member of the community in which you live helps make it easier for you to stay current on your finances, as well as helping to support your community.

You should now have a better idea of why community credit unions are so beneficial. They make managing your finances easier, they save you time and money, and they help support your community. As a new community member, there are several benefits to consider. You can learn more about community credit unions by contacting a community credit union in your state today.

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