Preston Federal Credit Union

Credit unions typically offer higher savings and lending rates than banks; find the one best suited for you at Bankrate.

Preston recognizes the importance of creating an enjoyable mortgage experience and takes time to listen and provide personalized solutions tailored to his clients. He’s always available to answer questions or walk them through each milestone in the homebuying journey.

Vision Values & Mission

Credit unions are non-profit financial cooperatives that provide members with safe, cost-effective financial services. Operated under federal charter, members who deposit funds into their credit union become owners who can vote to elect its officials.

Preston Federal Credit Union is a community-minded institution serving multiple educational institutions and organizations. Membership of this credit union is open to both employees of these entities as well as their immediate family. Preston federal offers loans, savings accounts and financial services ranging from mortgage to automobile loans – plus specialization in providing these products!

Routing Number & Locations

Routing numbers (also referred to as an American Bankers Association routing transit number) are 9-digit codes used by financial institutions and businesses to identify your bank in financial transactions such as ACH transfers and direct deposits. You can find your routing number on any check issued from your credit union.

Pentagon Federal is the third-largest credit union in the U.S. with more than 12 million members and $144 billion in assets. To join, either your employer must participate, or there must be some commonality with military, government or education service – learn more in Bankrate’s review of Pentagon Federal.

Checking

Credit unions provide an array of financial services tailored specifically to you – from checking and savings accounts, loans and credit cards backed by the government, to higher savings rates than banks according to experts.

State Employees Credit Union boasts over 1 million members and assets of $46 billion, making it one of the nation’s largest credit unions. Membership is open to people working at state agencies as well as their family members; read Bankrate’s review for more details about State Employees’ Credit Union.

Savings

Credit unions provide an array of financial services, from checking and savings accounts, loans and credit cards to higher rates on savings accounts and certificates of deposit than banks can.

Credit unions differ from banks in that they are member-owned and democratically run. Members’ deposits (also called shares) fund the credit union’s lending and investment activities, as well as providing one vote per share in elections for officials and on other issues related to governance of the credit union.

Preston Federal offers membership to educational institutions and organizations, and employees and their immediate family of these institutions. You can read more in Bankrate’s review of Preston Federal. Pentagon Federal is the largest credit union in America with over 2.9 million members and $29.6 billion in deposits across its national branches network.

Loans & Credit Cards

Credit unions tend to offer lower interest rates than banks due to being not-for-profit organizations governed by members and insured by the National Credit Union Association, so your funds are safe in case the credit union goes bankrupt.

Pentagon Federal is home to over 12 million members and deposits close to $144.3 billion, with branches predominantly in the Northeast region. To join, either yourself or someone in your family must have an affiliation to either the military or defense departments, according to Bankrate’s review of PenFed.

Boeing Employees Credit Union, located in the Northwest, boasts more than 1.3 million members. To join, either work at Boeing or have family who do work there.

Retirement Planning & Investments

Credit unions typically provide higher savings rates than banks due to being non-profit organizations owned by their members.

Federally insured credit unions provide many financial services, such as checking and savings accounts, money market accounts and certificate investments. Additionally, loans and a range of banking products may also be provided.

Pentagon Federal (PenFed) boasts more than 2.9 million members and nearly $29 billion in deposits, primarily located in Washington state and Oregon/Idaho counties. Membership can be gained by worshipping, working or living there – to learn more read Bankrate’s review of PenFed.