October 7, 2008 – 3:10 pm
Community America Credit Union is a “member owned” credit union. The ads I heard on the radio when I was shopping for a local bank stated that this means they pay out dividends on a monthly basis rather than quarterly. I’ve always had good service from credit unions, so I decided to look into it.
Are you a Community American?
Most credit unions have strict membership rules. You have to be employed by a certain group/company or you have to live in a certain area or you have to be of a certain profession or some other such nonsense. Granted, there are some restrictions for joining this credit union, but these are fairly easy to meet.
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Community America Credit Union,
Credit Unions,
Personal Finance
In September of 2006 I opened an account with NFCU on the recommendation of one of my financial advisors. Great company he told me, great place to keep some money. So as I was funds limited at the time, I put only $300 into a savings account, and elected to do all transactions electronically as a means of saving paper. As I only had a small amount in the account, I didn’t check it for a few months, then when I tried to access my account online, I realized I’d forgotten my password and I managed to lock up the account due to failed logon attempts. Time went by, I’d get an email saying a new account statement was ready to view electronically, but the account was locked and I just didn’t bother to call to get it unlocked. So part of this was my fault.
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Credit Unions,
Nevada Federal Credit Union,
Personal Finance
I became a member of Pentagon Federal Credit Union (PFCU) in May 1994, as I was graduating college. My older sister, Becky, opened a savings account for me there as a graduation present. Looking back on it now, I think it was a very creative and useful gift. She started me off with $100. The rest is history.
Over the years, I have opened (and closed) a checking account, maintained a credit card, gotten a used car loan, and financed my graduate school education through PFCU. I have few complaints about PFCU, though it’s no longer my main bank of choice.
Tags:
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Credit Unions,
Pentagon Federal Credit Union,
Personal Finance