Top 6 Credit Unions in the Yakima Valley for Former Bank of America Customers
My bank is closing soon and I'm really upset about it. If you are a customer of Bank of America, then you may probably already know that all Yakima area branches are closing by the end of July. You might be wondering where in the heck am I going to go now when we need to go to the ATM? Well, I've got an idea for you. How about opening up an account at one of the many Yakima Valley area credit union banks?
HOW IS A CREDIT UNION DIFFERENT THAN A NATIONAL BANK?
Credit unions are not a profit-based financial institution so they have a local focus to their customers and clientele. If you are worried that your money is not insured by the FDIC like national banks are, credit unions insure up to $250,000 of your money from the NCUA.
WHAT DOES 'MEMBER-OWNED' CREDIT UNION MEAN?
Credit unions are likely to offer you a better loan interest rate than a national bank because you are considered a shareholder, unlike the national banks.
DO CREDIT UNION DEBIT CARDS GET CHARGED FEES AT OTHER BANK ATMS?
I've been told that some credit unions have debit cards available that won't make you get charged extra transaction fees when you use them at certain ATMs not owned by them. This only applies if your credit union is part of a network of ATMs using a system like MoneyPass®, among others. You will have to check with your individual credit union for the terms and conditions.
Here are some of the Yakima Valley credit unions or savings and loan banks you might want to look into establishing a new account if you are a current local Bank of America customer.
- Gesa Credit Union
- Yakima Federal Savings & Loan
- Hapo Credit Union
- Solarity Credit Union
- Calcoe Credit Union
- WSECU Credit Union