What is a Credit Union?
How is a credit union different than a bank? Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.
Member-owned. You are more than a member, you are part owner.
Credit unions are owned and controlled by the people, or members, who use their services. Your vote counts. A volunteer board of directors is elected by members to manage a credit union.
Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.
Who can open an account at OneUnited Federal Credit Union?
Everyone living, working, going to school, volunteering or worshipping in the following Nebraska counties are welcome to join the credit union:
Antelope, Boone, Butler, Colfax, Cuming, Dodge, Hamilton, Madison, Merrick, Nance, Pierce, Platte, Polk, Saunders, Seward, Stanton, Washington, Wayne and York
How do I join?
Open a savings account with at least $25.00 and you become a member/owner of OneUnited Federal Credit Union. As long as you maintain a $25.00 minimum balance, you can take advantage of all products and services offered.
Is the $25.00 needed to open my account a fee?
No, the $25.00 is not a fee, but a deposit into your Savings Account. If you ever close your account, you can withdraw the $25.00.
What else will I need to open an account?
We need the following for each owner of the account:
- Name, Date of Birth and Street Address
- Social Security Number, Tax Identification Number or an Employer Identification Number (Business)
- Valid Government issued ID with a photograph, such as a Driver’s License, State ID or Passport
Your Savings Account is the “Gateway Account” to other products and services. You must maintain your Savings Account to add other accounts and services.