There are lots of interesting credit unions that are located in the United States of America, and one of them is the Patriot Equity Credit Union. This is a financial institution that is designed to provide financial services to its members. If you are a member of this credit union, you are a shareholder or owner of the credit union. In the course of this article, I will be doing a complete review of the Patriot Equity Credit Union. Without further ado, let us delve in.
What Is The Patriot Equity Credit Union?
This credit union was formerly known as the Federal Employees Credit Union, and also formerly known as Postal Employees Credit Union. It is important to note that this credit union was designed to serve the people of Madison County. This implies that if you live, work, school or have an organization in Madison County you are eligible for membership. It is also important to note that the Patriot Equity Credit Union also serves members of the USA postal service, Railroad Employees, and consequent family members.
They float a non-paid board of directors, a salaried manager, and a salaried staff. All the standing policies of the Patriot Equity Credit Union are determined by the board of directors.
How To Join The Patriot Equity Credit Union
As stated earlier, the Patriot Equity Credit Union is open to anyone that lives in Madison County. To join this credit union, you need to have a valid government-issued ID with a local address alongside a one-time $5 membership fee. After bringing along these requirements, it will be required that you open a savings account with a minimum deposit of $25. This will make you an owner. Also worth noting is that you remain an owner of the credit union as long as you maintain a $25 balance. This balance also makes you eligible for all the services that the Patriot Equity Credit Union has to offer.
The Advantages Of Joining The Patriot Equity Credit Union
The Patriot Equity Credit Union may offer some advantages, and here are some of them:
- The Patriot Equity Credit Union offers lower interest rates on their credit cards and loans.
- They offer personalized customer service because they are smaller than conventional banks.
- They charge lower fees for membership.
What Kind Of Financial Services Does Patriot Equity Credit Union Offer?
It is important to note that the Patriot Equity Credit Union offers to check accounts to its members. This implies that you can access funds, checks, and ATMs with your Patriot Equity Credit Union checking account. They also offer users savings accounts that they can use for financial transactions. The packages of savings accounts that they offer include; Regular share savings accounts, share certificates with low minimum balance requirements, and a savings calculator.
Also worth noting is that the Patriot Equity Credit union also offers loan packages to members. They give members Auto loans, indirect loans, participation loans, and a loan calculator. Mortgages are also part of what their members stand to benefit from the membership of the credit union.