How to become a member of a credit union

how to become a member of a credit union

Things You'll Need

Opening fees,(usually around $30.)

Instructions

First, find the credit unions near you. Looking in the yellow pages is a good way to find credit unions closest to you.

Most credit unions have qualifications you must meet to join. Examples of the qualifications are

-Working or residing in a certain state.

-Having direct relatives who have accounts with the credit union.

-Working in the school district.

Find out the qualifications before you try to join a credit union.

Once you have decided you would like to join a credit union, the best way to join is to go directly into the nearest location. You can sign up for most credit unions online, but by going into the credit union to join you can ask questions, receive much more information, and have an instant account.

Another reason to go into the credit union to join is to pick the account best for you.

An employee will be able to explain the types of accounts and help you choose the one that suits you most. Some accounts have added benefits, such as higher interest rates and ATM fee refunds, if you meet certain qualifications each month

(For example, using direct deposit, having a minimum amount of money in your account at any given time, or having a certain number of debit transactions each month.)

If you do decide to join a credit union online instead of going to the location, be sure you are on the correct site. Check their ads for their website address, or call the credit union to double check. The information taken is everything that will be needed to steal your identity.

When you have decided on the savings and/or checking accounts you would like, you will need to give the credit union:

-A copy of your state issued id. (If you go into the credit union, they will make a copy themselves.)

-Your social security number.

-Your address and phone number

-Your employment information (sometimes including the address and phone number of your place of employment.)

And possibly more.

Some credit unions will do checks on you before they will allow you to join.

They will see if you owe them, any other credit union, or any bank, overdue fees. Many credit unions will deny you membership until the fees with other credit unions or banks have been paid.

Source: ehow.com

Category: Credit

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