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Statewide Federal Credit Union – What you need to know about Statewide Credit Union

What is the state federal credit union and should you deal with them when it comes to your finances? Here is a quick review to help you determine if they are the best organization to manage your money.

Unlike many credit unions, only members of certain businesses are allowed statewide. For a full list of them, visit their website. This can really benefit you by providing better customer service.

While many credit unions, as I just said, allow anyone and everyone to participate, statewide they only allow members from particular companies, which reduces the total number of members and helps them serve you better because they don’t they are so scattered.

So what do you get when you join a statewide federal credit union? You get just about any financial service you need, like Visa credit cards with rewards points (very important), online (or offline) banking, loans, IRAs, etc. Plus, since the credit union is run by its members, you can expect to receive the best interest rates possible, assuming you qualify on your credit.

Typically, these rates range from 10 to 18 percent, depending on your credit score, and you won’t find lower rates anywhere else.

Before you sign up, of course, I recommend that you check with your coworkers who are already federal credit union members statewide and see how satisfied they are overall with the service they’ve received from them.

Just because they offer a lot of nice perks doesn’t mean you should invest your money with them; Take this important step first, because there’s nothing like hearing directly from current members.

The bottom line is that whether or not you join depends on whether you are a member of the accepted companies. If so, you’ll be hard-pressed to find a company that manages your finances better than a state federal credit union, or provides better customer service.

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