What is the best credit union in the United States?

Asked by: Holden Walker  |  Last update: February 9, 2022
Score: 4.4/5 (30 votes)

Best credit unions
  • Best overall: Alliant Credit Union (ACU)
  • Best for rewards credit cards: Pentagon Federal Credit Union (PenFed)
  • Best for military members: Navy Federal Credit Union (NFCU)
  • Best for APY: Consumers Credit Union (CCU)
  • Best for low interest credit cards: First Tech Federal Credit Union (FTFCU)

What bank or credit union is the best?

Best banks, credit unions and neobanks:
  • Best overall, best for customer service: U.S. Bank.
  • Best overall, best for cash-back rewards: Upgrade.
  • Best overall, best for ATM availability: Charles Schwab.
  • Best overall, best for overdraft options: Ally Bank.
  • Best overall, best for rates: Alliant Credit Union.

What is the Best credit union 2021?

Best credit unions of 2021
  • Alliant: Best credit union for checking and savings.
  • Connexus: Best credit union for checking.
  • First Tech: Best credit union for member experience.
  • The Golden 1: Best credit union for teens and college students.
  • Consumers: Best credit union for APY.

What is the easiest credit union to join?

11 credit unions with easy membership requirements
  1. Affinity Plus Federal Credit Union. Affinity Plus Federal Credit Union Superior Money Market Account. ...
  2. Alliant Credit Union. ...
  3. Bethpage Federal Credit Union. ...
  4. Blue Federal Credit Union. ...
  5. Connexus Credit Union. ...
  6. Consumers Credit Union. ...
  7. Hope Credit Union. ...
  8. Latino Community Credit Union.

How do I choose a credit union?

Choosing a credit union is largely a matter of personal preference; however, there are some important factors to consider:
  1. Financial services. ...
  2. Savings rates. ...
  3. Lending rates. ...
  4. Deposit insurance. ...
  5. Credit card rewards program. ...
  6. Branch and ATM locations. ...
  7. Membership fee. ...
  8. Monthly checking account fee, if any.


25 related questions found

Which is bigger Navy Federal or USAA?

Navy Federal does provide a wider physical reach than USAA, especially overseas. When it comes to each bank's account offerings, both offer a great variety of accounts, including basic savings and checking accounts. ... If you're looking for a money market account, though, you can only find that with Navy Federal.

What are the disadvantages of credit unions?

Limited accessibility. Credit unions tend to have fewer branches than traditional banks. A credit union may not be close to where you live or work, which could be a problem unless your credit union is part of a shared branch network and/or a large ATM network like Allpoint or MoneyPass. Not all credit unions are alike.

What are the top five credit unions in the United States?

Top 10 Largest Credit Unions in the USA
  • Randolph-Brooks Federal Credit Union. ...
  • First Technology Federal Credit Union. ...
  • Alliant Credit Union. ...
  • America First Credit Union. ...
  • Golden 1 Credit Union. ...
  • SchoolsFirst Federal Credit Union. ...
  • PenFed Credit Union. ...
  • BECU.

How good is Navy Federal Credit Union?

If you're someone who is eligible for membership, Navy Federal Credit Union offers enough accounts and services to meet most banking needs. It's a full-service credit union that rivals national banks. If you prefer a credit union to a bank, Navy Federal may be the best place to keep your savings.

Is Penfed better than Navy Federal?

They both have excellent customer service and have great programs and products. NFCU is more generous with credit limits. PENFED has lower rates. Those are the only differences.

Which credit union has the most branches?

Today, Navy Federal operates 221 branches across the U.S. and abroad serving 4 million members and at $49 billion in assets, now is the world's largest credit union.

Why is a credit union better than a bank?

Credit unions typically offer lower fees, higher savings rates, and a more hands-and personalized approach to customer service to their members. In addition, credit unions may offer lower interest rates on loans. And, it may be easier to obtain a loan with a credit union than a larger impersonal bank.

Can you lose money in a credit union?

Though seen as the sleepy backwater of banking, credit unions do sometimes fail. Like banks, they may hand out bad loans, suffer mismanagement or make speculative investments.

Why you shouldn't use a credit union?

The downsides of credit unions are that your accounts could be cross-collateralized as described above. Also, as a general rule credit unions have fewer branches and ATMs than banks. However, some credit unions have offset this weakness by joining networks of surcharge-free ATMs. Some credit unions are not insured.

Which is safer NCUA vs FDIC?

Just like banks, credit unions are federally insured; however, credit unions are not insured by the Federal Deposit Insurance Corporation (FDIC). Instead, the National Credit Union Administration (NCUA) is the federal insurer of credit unions, making them just as safe as traditional banks.

Can FBI agents join USAA?

Military retirees. Veterans who received honorable discharges. Cadets and midshipmen at service academies, in advanced ROTC or on ROTC scholarship, and officer candidates within 24 months of commissioning. Members of certain federal agencies, such as the FBI.

Is a credit union better than USAA?

On the whole, Navy Federal Credit Union offers better rates than USAA. For starters, the Navy Federal Credit Union Basic Savings Account earns at a 0.25% APY. This includes all account balances, so you don't have to worry about meeting a certain balance to earn interest.

Who is the biggest credit union?

Navy Federal Credit Union was the largest credit union in the United States, in asset size, as of third quarter 2021. Navy Federal's total assets reached 151 billion U.S. dollars, followed by State Employees', with total assets of 50.9 billion U.S. dollars.

Are credit unions safer than banks?

Why are credit unions safer than banks? Like banks, which are federally insured by the FDIC, credit unions are insured by the NCUA, making them just as safe as banks. ... The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts.

What bank or credit union pays the highest interest?

Here are the best high-yield savings account rates
  • LendingClub Bank - 0.65% APY.
  • Comenity Direct - 0.60% APY.
  • Alliant Credit Union - 0.55% APY.
  • Pentagon Federal Credit Union - 0.55% APY.
  • Quontic Bank - 0.55% APY.
  • CIBC Bank USA - 0.52% APY.
  • Ally Bank - 0.50% APY.
  • American Express Bank - 0.50% APY.