Which accounts can I select as the receiving account? The rounded amounts (Cents) accumulate throughout the day and a Savings Cents transfer is made at the close of each day to the savings account of your choice. As card transactions are received, Saving Cents “rounds” the amount to the next even dollar amount. Saving Cents is an optional feature for your checking account and your Express Check Card. It's easy! Click on the " Open An Account" tab listed above or stop in at a Unity One branch near you.
UNITY CREDIT UNION ROUTING NUMBER FREE
We work hard to ensure that our members get the best rates and service around whether it's a loan, a savings account, or free checking, you can feel confident that you get a great deal at Unity One. Great rates, low fees and quality service - that's what makes Unity One a better choice among other credit unions and banks. There principles still govern most of the world's Credit Unions. Members are, after all, borrowing their own money and that of their friends.
Since that time, the idea's guiding principles have remained the same: (1) Only people who are Credit Union members should borrow there (2) loans are made for "prudent and productive" purposes (3) a person's desire to repay (character) is considered more important than the ability (income) to repay. It's an idea that evolved from cooperative activities in the 19th century. The Credit Union idea is a simple one: People should be able to pool their money and make loans to each other. Money is kept in the communities we serve and to benefit only our members.
We strive to maximize returns to members, not some faceless shareholders. As such, we are not for profit, but for service to our member-owners. What makes a Credit Union different from a Bank?Ī credit union is a member-owned financial cooperative based on the philosophy of people helping people. Member deposits are insured up to $250,000. Federal government, insures deposits of Credit Union members at Federal and state-chartered Credit Unions nationwide. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the U.S. And they operate in a very prudent manner. Credit Unions are not-for-profit and exist to provide a safe, convenient place from members to save money and to get loans at reasonable rates.Ĭredit Unions, like other financial institutions are closely regulated. These people are members.Ĭredit Unions serve people who share something in common, such as where they work or live. FAQs Credit Union FAQs What is a Credit Union?Ī credit union is a cooperative financial institution that is owned and controlled by the people who use its services.
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