ARE FEES AND LOAN RATES THE SAME AT A CREDIT UNION AS THOSE CHARGED BY BANKS?

HOW DO I APPLY FOR AN ACA-MEMBERS/SDFCU ACCOUNT? AM I REQUIRED TO FUND MY ACCOUNT TO COMPLETE MY SDFCU ACCOUNT APPLICATION? WHAT INFORMATION DO I NEED TO PROVIDE SDFCU TO OPEN AN ACCOUNT? HOW WILL SDFCU COMMUNICATE WITH ME DURING THE APPLICATION PROCESS? HOW LONG IS THE APPLICATION PROCESS? IS MY PERSONAL FINANCIAL INFORMATION DISCLOSED TO ACA? CAN I OPEN AN ACCOUNT AT SDFCU EVEN IF I LIVE ABROAD? CAN MY NON-US SPOUSE OR PARTNER OPEN AN ACCOUNT, OR BE A JOINT OWNER OF MY ACCOUNT? CAN I OPEN AN ACCOUNT FOR MY CHILDREN? WHAT CAN I DO WITH MY ACCOUNT? CAN I TRANSFER FUNDS IN MY SDFCU ACCOUNT TO MY FOREIGN BANK ACCOUNT? IS MY SDFCU ACCOUNT REPORTED TO U.S. CREDIT AGENCIES? CAN IT HELP ME BUILD A U.S. CREDIT RECORD? DOES SDFCU PROVIDE FINANCIAL COUNSELING AND CAN I USE MY OWN INVESTMENT ADVISOR? CAN I HAVE AN IRA OR ROTH IRA ACCOUNT OR A 401(K) ACCOUNT? CAN I DO ONLINE AND MOBILE BANKING WITH SDFCU FROM MY RESIDENCE OUTSIDE OF THE UNITED STATES? DOES SDFCU ISSUE CREDIT AND DEBIT CARDS? WILL MY SDFCU CREDIT OR DEBIT CARD BE ACCEPTED OUTSIDE OF THE UNITED STATES? CAN I GET A MORTGAGE FROM SDFCU TO BUY A PROPERTY? CAN THE PROPERTY BE OVERSEAS? CAN I GET A LOAN FROM SDFCU TO PAY FOR MY CHILDREN’S COLLEGE EXPENSES? IS SDFCU CONSIDERED A FOREIGN ACCOUNT OR A U.S. ACCOUNT FOR FATCA AND FBAR REPORTING? CAN I HOLD ACCOUNTS WITH SDFCU IN CURRENCIES OTHER THAN US DOLLARS? ARE FEES AND LOAN RATES THE SAME AT A CREDIT UNION AS THOSE CHARGED BY BANKS? HOW CAN I SET UP DIRECT DEPOSIT FOR TAX PAYMENTS, REFUNDS AND RECEIPT OF SOCIAL SECURITY BENEFITS? HOW DID SDFCU GET STARTED? IS SDFCU CREDIT UNION MANAGED BY OR PART OF THE U.S. STATE DEPARTMENT OF U.S. GOVERNMENT? WHAT IS A CREDIT UNION? WHAT’S THE DIFFERENCE BETWEEN A CREDIT UNION AND A BANK? WHAT “BANKING-LIKE” FINANCIAL SERVICES DOES A CREDIT UNION PROVIDE? IS MONEY IN AN ACA-MEMBERS/SDFCU ACCOUNT AS SAFE AS IT IS IN A BANK? STILL HAVE QUESTIONS? READY TO GET AN ACA-MEBMERS/SDFCU ACCOUNT? REMEMBER …..

ARE FEES AND LOAN RATES THE SAME AT A CREDIT UNION AS THOSE CHARGED BY BANKS?

Answer

Because credit unions are non-profit organizations, they charge fees and loan rates which are generally lower than those charged by banks, and they pay deposit rates which are generally slightly higher than those in banks.  Checking is free. Credit cards currently have no annual fees.