In honor of Veteran’s Day, we’re highlighting the top credit unions for veterans. These military-focused financial institutions provide personalized financial services and products that benefit vets in a way national banks simply do not.
Since credit unions for veterans are member-owned and not-for-profit organizations, they can provide competitive rates and customized services for veterans while giving back to the communities which they serve.
One of the main reasons these credit unions can offer such quality financial services is by partnering with an expert credit union service organization (CUSO) such as Extensia Financial. Extensia has partnered with credit unions across the country for decades, helping these organizations diversify their lending portfolios and better support their members.
Here are some of the top credit unions for veterans:
1. Navy Federal Credit Union
A popular option is Navy Federal Credit Union for veterans. With over 11 million members, it is the largest federally insured credit union by assets. Above all, they aim to foster financial health for members and serve their local community. Plus, they are widely considered the best credit union for veterans.
Since 1933, Navy Federal Credit Union has been providing its members with competitive rates and helpful financial products. Such products include market-leading savings accounts, checking accounts, credit cards, student loans, mortgages and more.
2. Pentagon Federal Credit Union
Founded in 1935, Pentagon Federal Credit Union is now the country’s second-largest federal credit union with 2.8 million members and $36.6 billion in assets.
Their mission is to help members realize their financial potential through education and encouragement. Pentagon Federal Credit Union is known for its industry-leading rates on auto loans and home mortgages, though they also offer competitive incentive programs on credit cards in addition to other products.
Though everyone is eligible to apply for a membership, Pentagon has traditionally been a meaningful financial resource for veterans across the country.
3. Security Service Federal Credit Union
Security Service Federal Credit Union was founded in 1956 as the United States Air Force Security Service Federal Credit Union in San Antonio, Texas. Since then, they have extended their memberships to civilians, though they remain one of the top credit unions specifically for veterans.
They’re dedicated to providing strength, stability and convenience for members to help build financial soundness with competitive products and services. Above all, they want to empower members with the knowledge necessary to make wise financial decisions.
Some of their more notable products include their money market and savings accounts at low rates.
4. Service Credit Union
Service Credit Union (SCU) is a credit union for veterans that is known for their high rates on savings accounts, competitive vehicle loans and flexible credit cards. SCU was established in 1957 to support military personnel and their families, though they now have members across the globe.
They have the goal to offer financial products and services that fit the unique needs of their members and improve their lives, especially military service members and veterans.
Overall, they’re committed to giving back to their community and fostering long-term relationships that are fruitful for members.
5. Andrews Federal Credit Union
Andrews Federal Credit Union (AFCU) has a long history of serving military members and their families since they opened their doors in 1948. They currently have more than 139,000 members and $2 billion in assets.
They have a mission to deliver innovative financial products and world-class service to their members to reach their financial goals. AFCU offers both personal and business banking solutions, including business credit card options, personal loans, competitive savings accounts, investment services, payroll services and more.
Those eligible for memberships include veterans or active military members in Washington, D.C., Maryland, Virginia, New Jersey and U.S. military bases throughout Germany, Belgium and the Netherlands. Plus, Select Employee Groups throughout Maryland, Virginia and New Jersey are also invited to apply.
About Extensia Financial
Established in 1998 and headquartered in Simi Valley, CA, Extensia Financial is one of the most seasoned credit union service organizations (CUSO) focused on commercial lending. For decades, we have partnered with credit unions across the country to offer competitive and collaborative loans. We also uniquely support and guide our partners through the entire lifecycle of our loans. Extensia Financial is a proud member of the AVANA Family of Companies.
Contact us today to learn more about becoming an Extensia Financial partner.