Another Financial Option
Credit Unions Offer Relationship Options in the Kansas City Metro Area
Developing new relationships is what the relocation process is all about. On the list of new relationships you will soon need to develop is with financial institutions whether it is with a traditional bank or a credit union. While many know the wonderful options that traditional banks offer, many people are not aware that they can take advantage of the options that are available to them through credit unions. Membership in credit unions is available to groups with common bonds such as employee groups of specific companies, groups of public service, school employees or an area of residence.
According to Mark Thompson, Mazuma Credit Union, “The biggest difference between a bank and a credit union is that Credit Unions are not-for-profits that exist to serve its members.” Like other financial institutions, the federal government stands behind credit unions and deposits are insured up to $250,000. Like banks, credit unions accept deposits, make loans and offer an array of other financial services.
According to Letha Higgins, Frontier Community Credit Union, selecting a Credit Union is not difficult. She explains that it is important to research their membership requirements. “Develop a list of credit unions in the area,” said Higgins. “Then narrow your search by researching eligibility, services offered and fees charged by credit unions. She goes on to say that if you are in the market for a specific loan, research to see if the loan is issued by the credit union.
As with anything you are researching, once you have nailed down your results, narrow the list down by comparing interest rates and specials to see who has the best deal.
Other things to keep in mind when doing your research is the availability of online services, weekday and weekend hours, branch, along with ATM locations. “Some credit unions belong to a nationwide network of credit unions for shared services,” explains Higgins. “It might mean more access to ATMs and other services while traveling or if you have children attending college in other cities.”
Like most of the banks in the area, credit unions in the area are heavily involved in the communities they serve. Mazuma Credit Union calls their involvement “Corporate Social Responsibility.” Thompson explains that it is their way to make Kansas City a better place to live. “This is our commitment to contribute to the social and economic development of the communities we serve.” Mazuma Credit Union focuses on financial education, the Arts and Community Development. He proudly says that their employees have volunteered 4,663 hours.
Like Mazuma, Frontier Community Credit Union is heavily involved in the community including funding for the Leavenworth Public Schools for their band programs. The credit union is committed to the area by offering financial education and has a program that contributes $100 for each new mortgage the credit union originates to the Leavenworth Shelter of Hope, to help with their efforts to improve the quality of life for the homeless in the community.
Community America Credit Union For over 75 years, we’ve been providing financial peace of mind to Kansas Citians. We offer a full-suite of financial products and services including our member favorites like Cashback Free Checking, High-Interest Savings and an awesome mobile banking app. Above all else, we share our profits with our members through great rates, lower fees and our Profit Payout. So if you live or work in Kansas City, you can become a member too. Visit CommunityAmerica.com to get started.
Frontier Community Frontier Community Credit Union opened in 1954 to serve civil service personnel. In 2005 the Credit Union expanded their reach to the entire Leavenworth area and surrounding communities. Anyone living or working in Leavenworth, Atchison, Jefferson, Douglas, Johnson and Wyandotte counties, as well as military and Federal Civil Service personnel, who reside within a 100-mile radius of Fort Leavenworth, is eligible to join. Frontier Community Credit Union offers services you would expect to find at a bank – mobile/online banking, competitive loans, thousands of branches and ATMs – without the fees. Being deeply committed to the overall well-being of the community is “The Frontier Community Credit Union Difference.”
United Consumers Credit Union For more than 70 years, United Consumers Credit Union has provided services to our community members as a cooperative, not-for-profit financial institution. We offer the same accounts you would find at a traditional bank, but instead of focusing on profits, the credit union promotes thrift and financial stability. UCCU serves anyone who lives in Jackson, Buchanan, Cass, or Clay Counties or the city of Cameron, Missouri, as well as those who live, work or worship in Johnson County, Kansas. Becoming a member of UCCU means you are an Owner not just a number.