Best Credit Unions

Curated Lists > Best Credit Unions

Bankovia examined a number of the most well-known credit unions in Florida to compile our list of the best credit unions in Florida. There are several top credit unions in Florida, but which ones should you join? Here’s a rundown of some of Florida’s best credit unions.

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Ask the Experts: Best Credit Unions

Kristin Peterson

Assistant Vice President at Pacific Service Credit Union

Kristin Peterson is responsible for leading the credit union’s business development efforts by identifying, establishing and developing opportunities to serve new member groups. As well as maintaining and expanding visibility and penetration with existing member groups. She conducts on-site meetings and presentations to educate members about credit union benefits. Kristin also oversees the credit union’s community involvement efforts and is passionate about giving back to the community. She is a relationship builder, a networker, and a motivator.

Why Every Employer Should Offer Credit Union Benefits to Their Employees

Offering access to affordable financial services should be part of the benefits package to retain talent and keep morale high in today's environment. Partnering with a credit union is one way to enhance an employer's benefit package.

Frequently asked questions

What's better banks or credit unions?

A credit union is a cooperative financial institution chartered by the NCUA or a state government, and owned by its members. A credit union operates similarly to a bank, in that it accepts deposits, makes loans and provides a wide array of other financial services to its members. However, credit unions are not-for-profit organizations that exist to serve their members, rather than to maximize profits. As a result, credit unions generally offer higher interest rates on deposits and lower interest rates on loans than banks.

What credit unions accept Zelle?

Zelle is a digital payment service that allows you to send and receive money from friends, family, and businesses. Credit unions that accept Zelle include Ally Credit Union, American Airlines Credit Union, Navy Federal Credit Union, and more.

How do credit unions work?

Credit unions are member-owned and -operated financial cooperatives. They are not for profit and exist to serve their members. Credit unions offer the same types of products and services as banks, but they are structured differently. Credit unions are managed by a board of directors that is elected by the membership. The board hires a CEO to run the credit union.

How are credit unions different than banks?

Credit unions are not for profit organizations that are owned by their members. They exist to serve their members and return any excess earnings back to them in the form of higher interest rates on deposits, lower loan rates, and fewer fees. Credit unions also typically offer higher quality customer service than banks.