There is no doubt that become a member of a credit union is beneficial. Credit unions are usually not publicly traded which means there are certain rules and requirements for people to become their members. Here are the common steps that you need to take if you decide to open an account in a credit union.
Step 1: find an eligible credit union
The first thing you need to do is to find a credit union that is eligible for you. Since most credit unions are serving people in certain communities or regions, you are more likely to get approved by a credit union that is close to you. To do this, you can simply start by searching credit unions near you on Google Map. You can also ask your families, colleagues, or neighbors to see which credit union they belong to. If you want to expand your search, go on to the National Credit Union Administration website to find out all possible alternatives.
Step 2. Open an account
After you have found a credit union that is eligible to you, you can then open an account and become a member of them. This process can be complete either in person or online, depends on which credit union you choose. You will need to provide some personal details such as your ID, address, and social security number in order to open an account. Once the account is opened, you will able to make a deposit in your account.
Step 3. Enjoy the services and features
Once you have become a member, you are able to enjoy the services and features that your credit union offers. For example, you can download your credit union mobile app to check your balance and pay bills in your own place. If you have any questions, you can always call or visit your local credit union to get personalized assistance.