Pages tagged "SDFCU"
CAN I OPEN AN ACCOUNT FOR MY CHILDREN?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· May 16, 2025 4:44 PM
8. CAN I OPEN AN ACCOUNT FOR MY CHILDREN?
Answer
Yes, SDFCU offers custodian and minor accounts for children. Children aged 17 or older can open their own account.
READY TO APPLY FOR AN SDFCU ACCOUNT? REMEMBER …..
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 11:23 PM
READY TO APPLY FOR AN SDFCU ACCOUNT? REMEMBER …..
Answer
To apply for an SDFCU account, you must first be an ACA member and a US citizen.
A. EXISTING MEMBER OF ACA: To open an SDFCU account you must first become a member of SDFCU. Apply for membership and open your account...
STILL HAVE QUESTIONS?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 11:22 PM
STILL HAVE QUESTIONS?
Answer
Contact SDFCU at: [email protected].
HOW IS A CREDIT UNION DIFFERENT FROM A BANK?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 11:02 PM
22. HOW IS A CREDIT UNION DIFFERENT FROM A BANK?
Answer
Credit unions and banks offer similar financial services, but there are key differences:
- Not-for-profit vs. for-profit: Credit unions are member-owned and reinvest earnings to benefit members. Banks aim to maximize profits for shareholders.
- Better rates: Credit unions typically offer lower loan rates, fewer fees, and higher savings...
IS SDFCU MANAGED BY OR AFFILIATED WITH THE US DEPARTMENT OF STATE?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 11:01 PM
21. IS SDFCU MANAGED BY OR AFFILIATED WITH THE US DEPARTMENT OF STATE?
Answer
SDFCU is not part of the US Department of State or owned by the US Government. The credit union is owned by its members, which would include you when you join. SDFCU was initially created to serve the banking needs for State Department employees worldwide but has grown to include...
HOW WAS SDFCU FOUNDED?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 11:00 PM
20. HOW WAS SDFCU FOUNDED?
Answer
SDFCU was founded in 1935 by eight State Department employees and had 975 members by 1945. With steady membership growth and inclusion of groups like ACA, SDFCU now serves over 88,000 members globally.
CAN I HAVE NON-US DOLLAR ACCOUNTS WITH SDFCU?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 10:57 PM
13. CAN I HAVE NON-US DOLLAR ACCOUNTS WITH SDFCU?
Answer
No, SDFCU only offers US dollar accounts.
IS SDFCU CONSIDERED A FOREIGN OR US ACCOUNT FOR FATCA AND FBAR REPORTING?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 10:56 PM
14. IS SDFCU CONSIDERED A FOREIGN OR US ACCOUNT FOR FATCA AND FBAR REPORTING?
Answer
SDFCU accounts are considered a US account and excluded from the Foreign Bank Account Report (FBAR/FinCEN Form 1124) and Form 8938 (Statement of Foreign Financial Assets, attached to Form 1040).
It is common practice to maintain local bank accounts regardless of one's location.
CAN SDFCU HELP WITH FINANCING EDUCATION OR OTHER PERSONAL EXPENSES?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 10:55 PM
17. CAN SDFCU HELP WITH FINANCING EDUCATION OR OTHER PERSONAL EXPENSES?
Answer
Yes. SDFCU offers flexible personal loans that can be used for a variety of needs, including education-related expenses. These loans are not part of federal student aid programs and can also be used for things like travel, home improvements, or unexpected expenses.
Learn more about options and apply online at...
CAN I GET A MORTGAGE FROM SDFCU TO BUY A PROPERTY? CAN THE PROPERTY BE OVERSEAS?
Posted
on ACA-Members/SDFCU Account: Description and FAQs
by Aca Admin
· February 14, 2024 10:54 PM
18. CAN I GET A MORTGAGE FROM SDFCU TO BUY A PROPERTY? CAN THE PROPERTY BE OVERSEAS?
Answer
SDFCU offers mortgages for properties located in the United States only. As an ACA member living abroad, you may still qualify a US property as your primary residence, which can help you secure more favorable loan terms. Eligibility depends on individual circumstances and applicable regulations, and SDFCU’s mortgage team will...