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SHIP Account (Shareholders Investment Program - 90-day notice account) Its never been easier to save! Earn a dividend yield similar to a savings certificate with a minimum deposit of just $5. Exclusive to Five County CU, the SHIP Account is a great tool to start a serious savings plan with a high rate of return.
For additional assistance, contact a Call Center Representative at 1-800-750-0959 or email admin@fivecounty.com.
However, because credit unions serve mostly individuals and small businesses (rather than large investors) and are known to take fewer risks, credit unions are generally viewed as safer than banks in the event of a collapse. Regardless, both types of financial institutions are equally protected. FDIC vs. NCUA Insurance: Are Banks or Credit Unions Safer? lendingclub.com personal-savings fdic-v lendingclub.com personal-savings fdic-v
Cons of credit unions Membership required. Credit unions require their customers to be members. Not the best rates. Limited accessibility. May offer fewer products and services. Pros And Cons Of Credit Unions | Bankrate bankrate.com banking credit-union-pros bankrate.com banking credit-union-pros
Five County Credit Union prides ourselves on offering Nationwide Convenience through the use of the CO-OP Shared Branching network.

People also ask

Credit Unions are not-for-profit and member-focused, meaning we care more about people than profits. Family life, supporting the community, and helping people achieve their financial goals are all goals we foster. Large banks are, by nature, sales-driven and with sales targets come strict quotas. Benefits of Working at a Credit Union mmccu.com 2021/07/09 benefits-of-working- mmccu.com 2021/07/09 benefits-of-working-
What is shared branching? Shared branching means that if a credit union is a member of a shared branch network, that credit unions members can go to branches of other credit unions in the network and make transactions like they would at their own. What Is a Shared Branch Credit Union? - NerdWallet nerdwallet.com article banking shared- nerdwallet.com article banking shared-
Generally, credit unions are viewed as safer than banks, although deposits at both types of financial institutions are usually insured at the same dollar amounts. The FDIC insures deposits at most banks, and the NCUA insures deposits at most credit unions.
But compared to banks, credit unions tend to be smaller, operate regionally and are not-for-profit. In many instances, they offer lower rates on loans, charge fewer fees and offer better interest rates for deposit accounts than traditional banks. Credit Unions and Banks: Whats the Difference and Which One Is Right cnet.com banking advice difference-be cnet.com banking advice difference-be

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