Are Credit Unions Non-Profit?

When many of our Detroit credit union members learn that banks are for-profit institutions designed to make money for their owners, they immediately conclude that a credit union is a non-profit. Public Service Credit Union is a 501(c)(14) non-profit, but that designation might sound different from the most common one you hear: 501(c)(3). Read on as… Continue reading Are Credit Unions Non-Profit?

Make Your Financial New Year’s Resolutions Succeed

Whether you are looking to save money or pay off debt for your New Year’s Resolution, here are steps you can take to make sure you succeed! Create a Budget: Account for everything! Do not only budget for your monthly bills. Budget for the Starbucks you get every Friday and the vacation you want to… Continue reading Make Your Financial New Year’s Resolutions Succeed

Are Credit Unions FDIC Insured?

You’ve been reading about how great it can be to drop your bank and find a credit union near Detroit or Romulus, and now you’re wondering if credit unions aren’t too good to be true — you’ve just discovered that credit unions are not FDIC insured. The FDIC only insured deposits in banks and savings… Continue reading Are Credit Unions FDIC Insured?

Birthday Coupons and Freebies

My birthday is in November and I just started receiving a ton of emails for special coupons for my birthday! Online rewards, promotional emails, or e-rewards will let you know about promotions that they are running. During your birthday month, the promotions are even better than usual and more geared towards your special day. If… Continue reading Birthday Coupons and Freebies

Can I Use Any Credit Union ATM?

One of the most common questions we get at PSCU is whether our members can use any credit union ATM. While we would like to say “yes,” we’re afraid that we can only give you access to over 30,000 surcharge-free ATMs at 4,000 nationwide branches. We are confident that includes the vast majority of credit… Continue reading Can I Use Any Credit Union ATM?

Save Your Identity–Freeze Your Credit

Freeze Your Credit for Free Did you know that you can now “freeze” your credit from being pulled at the three major credit reporting agencies: Equifax, Experian and TransUnion? As a result of the Economic Growth, Regulatory Relief and Consumer Protection Act, you can freeze your credit file from being pulled to protect yourself against… Continue reading Save Your Identity–Freeze Your Credit

Credit Unions vs. Banks in Detroit

Life in Detroit isn’t always cheap, and it’s important to be able to save wherever you can — and that includes your banking. Banks may hold your money and provide financial services to you, but at the end of the day, their goal is to make money for whoever owns them. If you already have… Continue reading Credit Unions vs. Banks in Detroit

Dealership Car Loans vs. Credit Union Car Loans

Whether your old car has finally bit the dust and it’s time for a replacement or you’re simply looking to upgrade your Detroit drive, you’ve probably got a car loan on the mind. Did you know you can visit a credit union for a car loan? Not only does that mean a familiar face on… Continue reading Dealership Car Loans vs. Credit Union Car Loans