The 4 Biggest Credit Union Myths

The 4 Biggest Credit Union Myths

International Credit Union Day celebrates the spirit of the global credit union movement.  With this day right around the corner, we’d like to clear up the four biggest myths about credit unions.


The 4 Biggest Credit Union Myths

 number one  There aren’t enough locations.

There are big and small credit unions, but just like banks, your deposits at a credit union are insured by the federal government up to $250,000.

American Eagle Credit Union has 29 Credit Union branches nationwide, including 13 branches in the St. Louis area.  Credit union members also have access to a CO-OP network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere.


number two  It will be hard to access my money.

With OnlineAccess and MobileAccess+, accessing your money has never been easier.  You can download both of our apps:  CU Access+ and MobiMoney in the App Store or on Googleplay.

Read more about our access and convenience services, such as eDeposit, IDSafeChoice, No Transaction Fee-ATM locations, and more here.


number three  I can’t join.

Anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members’ families to join.


number four  They don’t offer as many services as banks.

Credit unions offer the same financial products as banks—checking accounts, debit and credit cards, online banking (OnlineAccess), IRAs (individual retirement accounts), mortgages and auto loans—but because credit unions are not-for-profit, they often offer better rates than banks.


Become a member today!  Questions about opening an account or just want to learn more about our loans, mortgages, and other services?  Contact us today or reach our Contact Center at 1-877-325-2848.

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