Joining a credit union is often simpler than people expect. While credit unions do have membership requirements, many are open to anyone who lives, works, worships, or attends school in a specific area. This guide explains how to join a credit union, what eligibility rules to look for, and what to expect before opening an account.
What Is a Credit Union?
A credit union is a member-owned, not-for-profit financial institution. Unlike banks, which are owned by shareholders, credit unions are owned by their members. Any profits are returned to members through lower fees, better loan rates, and improved services.
To better understand how credit unions differ from traditional banks, see our comparison: Credit Unions vs. Banks.
Who Can Join a Credit Union?
Each credit union defines eligibility through what is known as a field of membership. This determines who is allowed to join.
- Geographic eligibility – living or working in a city, county, or state
- Employment-based eligibility – working for a specific employer or industry
- Community membership – living in a designated community or region
- Family membership – being related to an existing member
- Organizational membership – joining an affiliated association or group
Many modern credit unions have broad eligibility rules, making membership accessible to most consumers. Learn more in our guide: Understanding Credit Union Membership Eligibility.
Step-by-Step: How to Join a Credit Union
Step 1: Find a Credit Union Near You
Start by identifying credit unions that serve your area. You can search locally or browse by state and region.
- Use our Credit Union Near Me directory
- Browse credit unions by location using our state-by-state guide
Step 2: Confirm Membership Eligibility
Before applying, verify that you meet the credit union’s membership criteria. This information is usually listed on the credit union’s website or can be confirmed by contacting a local branch.
Step 3: Gather Required Documents
Most credit unions require similar documentation to banks when opening an account.
- Government-issued photo ID
- Social Security number or Tax ID
- Proof of address (if required)
- Initial deposit (often $5–$25)
Step 4: Open Your Membership Account
Membership typically begins with opening a share account, which is the credit union’s version of a savings account. This establishes your ownership stake in the institution.
Once your share account is open, you can add checking accounts, debit cards, loans, and digital banking access.
Step 5: Set Up Digital Banking Tools
Most credit unions now offer modern digital features, including mobile banking apps, remote deposits, and external transfers.
To understand how these tools work, see: How Credit Unions Support Digital Banking.
Is It Free to Join a Credit Union?
In most cases, yes. The only cost is a small initial deposit into your share account, which remains your money. There are usually no membership fees, and many credit unions have fewer ongoing charges than banks.
Can You Join More Than One Credit Union?
Yes. As long as you meet eligibility requirements, you can join multiple credit unions. Some people use one credit union for savings and loans, and another for checking or ATM access.
Common Questions Before Joining a Credit Union
Do credit unions offer the same services as banks?
Most credit unions offer checking, savings, loans, credit cards, online banking, and ATM access. Service availability may vary by institution, especially for business banking or advanced investment products.
Are credit unions insured?
Yes. Federally insured credit unions are backed by the National Credit Union Administration (NCUA), which provides deposit insurance similar to the FDIC for banks.
Final Thoughts
Joining a credit union is a straightforward process for most consumers and can offer long-term financial benefits. By understanding eligibility rules, required documents, and available services, you can confidently choose a credit union that fits your financial goals.
If you are ready to begin, start by finding a local option using our credit union directory or explore options in your state.