How to Choose a Credit Union

You know how credit unions work, the benefits of joining a credit union, and how easy it is to join, but how do you choose a credit union? For some people, the credit union basically chooses them. But if you have more than one option for a credit union — and if you’re reading this, you probably do — we have some advice for how to choose a credit union, depending on the type of credit unions you’re looking to join.

Community Credit Unions

Public Service Credit Union is proud to be a community credit union. What does that mean? It means that you simply need to be a part of the community to join. For PSCU, that means you need to do one of the following:

  • Live in Michigan
  • Work in Michigan
  • Attend school in Michigan
  • Worship in Michigan

Other community credit unions might be based around a specific county or city. Specifically they are not tied to the job you work at, the school you attend, or anything of the sort — you simply have to be a member of a given community.

School Credit Unions

While you don’t need to attend a particular school for a community credit union, some larger colleges and universities have their own credit unions that are open to students, faculty, staff, and alumni. This is a rarity among smaller colleges but is common among many larger schools. This is because it’s much easier to have a sufficiently large membership the larger the school gets.

Work and Organization Credit Unions

The specific requirements for joining a work credit union will vary from job to job, but many larger employers either have a credit union or have an arrangement with a credit union of a different type that allows their employees to use their services.

If you’re in a particular organization or club — perhaps you’re a Friar or a member of a Farm Bureau — you may have access to another credit union. Like employer credit unions, many of these operate as something of a credit union of organizations, allowing each smaller group to work together to have enough capital and enough need for a solid membership base.

Weigh Your Options

Most people have more than one choice when looking for a credit union near Detroit, though the benefits of choosing a credit union will largely be the same, there are some other factors to keep in mind:

Metro Detroit and Romulus residents should have little trouble finding a PSCU location, but other Detroit-area credit unions may have fewer locations.

Join a Credit Union Today

We make it easy to join Public Service Credit Union, and it takes just a $25 deposit to open your account and become a member. Still on the fence? Contact us to learn more.

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