Friday, June 30, 2023

WHAT IS A SAVINGS ACCOUNT? #shorts

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Speed Community Credit Union is a progressive, complete banks that is enthusiastic about assisting its members. As a not-for-profit co-op, our committed staff members can focus on supplying exceptional service to our members while using a complete suite of items to satisfy all of their monetary requirements.
Social links
https://www.facebook.com/VCFCU/
https://www.linkedin.com/company/velocity-community-credit-union/

Why Join Velocity Community CU?
Due to the fact that we’re a not-for-profit, monetary cooperative.
Since we’re in your area owned by you, our members.
Due to the fact that we wish to assist you conserve cash and prosper economically!
Due to the fact that “Community” is our middle name– As a neighborhood cooperative credit union, when you request subscription or loans, choices are made at our regional branches by friendly personnel offering exceptional service and competitive rates. We are a full-service, not-for-profit banks devoted to serving our members. We support regional charities and neighborhood occasions, since we live and work here– in your neighborhood!
As a community-chartered cooperative credit union, you can make an application for subscription if you:

Reside In Palm Beach County
Operate In Palm Beach County
Praise in Palm Beach County
Volunteer in Palm Beach County
Participate in school in Palm Beach County
Have household who are qualified for subscription
Are you still uncertain if you are qualified? Provide us a call at (561) 775-2525 or (800) 872-4517. Our Branch Consultants will more than happy to address your concerns.

How Do I Become a Member?
You can begin online with our helpful online application. In 3 simple actions, you can finish the inquired online. We will follow up with as quickly as possible to finish your account. To begin, click on this link or visit among our regional branches to talk with a Branch Consultant. We will ask to see recognition when opening an account. As soon as you’ve opened a cost savings (share) account with us, you are formally a member/owner of the Credit Union!

History
As Florida Aircraft Federal Credit Union, we got a Federal charter in 1958 to serve the monetary requirements of the workers and instant member of the family of Pratt & Whitney Aircraft (a department of United Technologies Corporation). The approach of the “Founding Directors” was to promote thrift and supply loans at affordable and competitive rates. As a not-for-profit banks, the Credit Union developed a history of rewarding its subscription with above typical dividends on both share and share draft accounts, while dealing with all members equivalent no matter their account balance.

As times have actually altered, so have we. Relabelled Velocity Community Credit Union, we opened our doors to the whole neighborhood. Now everybody who lives, works, worships, volunteers or goes to school in Palm Beach County, FL can end up being a member.

Safe & Secure at Velocity Community Credit Union
We Have Five Stars With Bauer Financial
BauerFinancial, Inc. has actually been examining and reporting on the monetary condition of the country’s banking market considering that 1983. They are an independent business that ranks banks and cooperative credit union for financial obligation and strength. To find out more, go to Bauer Financial’s Web Site.

How Are My Funds Insured?
As a federally chartered cooperative credit union, your funds at Velocity Community Credit Union are guaranteed to a minimum of $250,000 through NCUA’s National Credit Union Share Insurance Fund. Comparable to the FDIC, the NCUSIF remains in numerous methods the more powerful fund. Cooperative credit union have actually generally been less impacted by the scandels-and consquent closures- of lots of other banks, most significantly the Savings and Loan Debacle of the late 1980’s.

For a fantastic video about share insurance coverage, go to the Credit Union National Association’s Consumer web page. They likewise have links to other share insurance coverage info and a cooperative credit union truth sheet loaded with genuine numbers to demonstrate how protected your funds are at a cooperative credit union.

NCUA Resources
The NCUA has actually offered different beneficial resources to assist inform members concerning the advantages of share insurance protection managed at federally guaranteed cooperative credit union. NCUA-insured shares are backed by the complete faith and credit of the United States Government. NCUA secures members versus losses must a federally guaranteed cooperative credit union stop working. No member has actually ever lost insured funds.

NCUA has actually developed a site entirely for customers– www.mycreditunion.gov. Here you will discover customer particular info about cooperative credit union such as:

Customer Assistance Center
Customer Privacy
Cooperative Credit Union Locator
Scams Information Center
Share Insurance Fund

#tips #bank #banking #creditunion #florida #southflorida

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