Blog Post

Are you looking for a financial institution that offers more than just banking services? Look no further than First Capital Federal Credit Union. As a credit union, we are committed to providing our members with competitive savings, checking, and loan programs. But what sets us apart is our member-focused approach. At First Capital, our members are also owners, and we work together to build a better financial lifestyle for everyone. In this step-by-step guide, we will walk you through the process of joining First Capital Federal Credit Union and explain how credit unions work.

Understanding Credit Union Membership

How does a Credit Union work?

Unlike traditional banks, which are for-profit institutions owned by shareholders, credit unions are not-for-profit organizations owned and operated by their members. This fundamental difference means that credit unions prioritize their members' needs over maximizing profits. First Capital Federal Credit Union operates with this mission at its core, offering personalized member service and constantly improving benefits.

What is the difference between a Credit Union and a Bank?

Credit unions and banks provide similar financial services, but there are several key differences. While banks are driven by profit, credit unions exist to serve their members. Credit unions often offer lower interest rates on loans, higher interest rates on savings accounts, and fewer fees compared to banks. Additionally, credit unions tend to have a more personal and community-oriented approach, fostering strong relationships with their members.

First Capital Federal Credit Union Membership Eligibility

To become a member of First Capital Federal Credit Union, you need to meet specific eligibility criteria. We believe in inclusivity and strive to provide membership access to a wide range of individuals. Here are the eligibility requirements:

How to Join First Capital Federal Credit Union

Becoming a member of First Capital Federal Credit Union is simple and convenient. We offer two ways to join: online and in-person. Choose the method that suits you best and start enjoying the benefits of credit union membership.

Join Online

1. Open a Share Savings Account: Get started right away by opening and funding your Share Savings account online. You can start with as little as $5. The membership application process will be seamlessly integrated into opening your account.
2. Complete the Membership Application: During the account opening process, you will be guided through the membership application. Fill out the necessary information accurately to ensure a smooth enrollment into First Capital Federal Credit Union.

Join In-Person

1. Gather your Identification Documents: When joining in person, make sure to bring a valid form of identification. We accept the following forms: Driver's License, State-Issued ID card (not older than 4 years), Military ID Card, Passport, or Resident Alien Card.
2. Visit a First Capital Branch: Locate a First Capital Federal Credit Union branch near you and visit during business hours. Our friendly staff will guide you through the membership application process.
3. Provide the Minimum Deposit: To establish your membership at First Capital Federal Credit Union, you need a minimum of six dollars. Five dollars will go towards opening your Share Savings account, and the additional dollar covers a one-time membership fee.

The First Capital Difference: Why Choose Us?

At First Capital Federal Credit Union, we pride ourselves on offering exceptional benefits and services to our members. Here are some reasons why joining First Capital is the best choice for your financial needs:

• Deposits Insured up to $500,000: Your deposits at First Capital Federal Credit Union are insured up to $500,000 by the National Credit Union Administration (NCUA), providing peace of mind and security.
• FirstCapital Star Rewards Program®: Our exclusive rewards program allows you to earn free benefits simply by using your account. Get rewarded for your loyalty and enjoy exclusive perks
• Local Decision-Making: As a member-owned credit union, First Capital Federal Credit Union makes decisions locally, allowing for personalized service and quick response times.
• Free Kasasa® Checking Accounts: Take advantage of our free Kasasa® checking accounts that offer monthly cash rewards. Earn as you spend and manage your finances more effectively.
• Free Educational Seminars: First Capital Federal Credit Union believes in empowering our members with financial knowledge. We offer free educational seminars on various topics, such as budgeting, saving for retirement, and understanding credit scores. Take advantage of these valuable resources to enhance your financial literacy.
• Discounted Tickets: As a member of First Capital, you can enjoy discounted tickets to local attractions, events, and entertainment. Save money while enjoying all that your community has to offer.
• Insurance Services: Protect what matters most with our comprehensive insurance services. First Capital Federal Credit Union offers a range of insurance options, including auto, home, and life insurance, to ensure you have peace of mind
• Love My Credit Union: By joining First Capital Federal Credit Union, you also become part of the Love My Credit Union program. This program offers additional benefits and discounts through partnerships with other credit unions and participating businesses.
• Financial Education: At First Capital, we believe in equipping our members with the tools they need to make informed financial decisions. Through our financial education resources, including online articles, workshops, and one-on-one consultations, we empower our members to achieve their financial goals

Seize the Opportunity: Join First Capital Union Credit

When it comes to choosing a credit union, First Capital Federal Credit Union stands out as an excellent option. Our commitment to member satisfaction, competitive products and services, and strong sense of community set us apart from traditional banks. By becoming a member of First Capital, you gain access to a wide range of benefits, including insured deposits up to $500,000, the FirstCapital Star Rewards program, free Kasasa checking accounts, educational seminars, and discounted tickets. Contact us today to experience the difference of being a member-owner with First Capital Federal Credit Union and enjoy a lifetime of financial benefits.