Statewide Federal Credit Union – What you need to know about Statewide Credit Union

Statewide Federal Credit Union – What you need to know about Statewide Credit Union

What is a State Federal Credit Union and should you deal with them when it comes to your finances? Here is a quick overview to help you determine if they are the best organization to manage your money.

Unlike many credit unions, In State allows access only to members of certain companies. For a full list of them, visit their website. This can actually benefit you by providing you with better customer service.

While many credit unions, as I just said, allow anyone and everyone on board, in the state they only allow members of certain companies, which reduces the total number of members and helps them serve you better because they are not so spread out.

So what do you get when you join a state federal credit union? You get virtually every financial service you need, such as Visa credit cards with rewards points (very important), online (or offline) banking, loans, IRAs, and more. Also, since the credit union is run by its members, you can expect to get the best interest rates possible, assuming you qualify with your credit.

Typically, these rates are between 10 and 18 percent depending on your credit score, and you won’t find lower rates anywhere else.

Before you sign up, of course, I highly recommend that you check with colleagues who are already members of the state federal credit union and see how satisfied they are overall with the service they have received from them.

Just because they offer a lot of nice benefits doesn’t mean you should invest your money with them; take this important step first because there’s nothing like hearing directly from current members.

The main thing is that whether you join or not depends on whether you are a member of the accepted companies. If so, then you’ll be hard pressed to find a company that manages your finances better than a state federal credit union or that provides you with better customer service.

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