What is a credit union?
A credit union cooperative is an organization that deals with finance. They have an owner who makes the rules and regulations and the employees are bound to follow them. Their role is completely similar to that of a governmental co-operative but here the credit union is a private one where it is run by a group of members who has the same motive of providing welfare to the society. Here the members of a credit union can get and use the credit cards, write check deposits and withdraw money using them, open savings accounts and take loans.
Role of BECU
The objective of this company is to make you earn more money and not lose your money through scams or other forms of illegal money laundering. They provide various products like- savings accounts, checkbooks, loans, mortgages, credit cards, and an online banking facility.
How to deposit cash in BECU
BECU or Boeing Employees Credit Union has more than 50 ATM centers in and around Puget Sound North and South, Spokane, Seattle, Kitsap County, and Charleston County in South Carolina. In these areas, the members can deposit and withdraw cash. ..
The bank tellers at BECU are specifically slower and located only in the financial centers of Tukwila and Everett.
The members can easily deposit money through
The BECU mobile banking app is a great way to deposit money and withdraw cash without paying any surcharge fees. You can also use the app to collaborate with other credit unions to create a network of branches.
Benefits provided by BECU
No fees are charged when you have a minimum balance in your account. No ATM charges. When you go to any foreign country and do some transaction then you don’t have to pay any extra fees for it. There is no monthly or yearly maintenance for the account created. No fees are charged while you are checking your account transaction through online mode. No fees are charged while transaction through the online app and while paying your bills. Free FICO scores – which tell the member about the amount left for the person to pay depending on the amount present in your account – are available with BECU. BECU provides 50% APY (Annual Percentage Yields) on your savings account only if you are a member of the Boeing Company. BECU provides 50% APY (Annual Percentage Yields) on your checking account till $ 500 only if you are a member of the Boeing Company. Very low-interest rates on taking mortgage loans are available with BECU. BECU provides discounts on buying tickets for sports events when you purchase with the help of your credit card, automobile loans for buying new or old cars at a low rate of interest, and loans if you buy boats, motorcycles, or different types of campervans, coach cars, or trucks ..
Before depositing the money into your account first let us discuss how to create an account in the BECU credit union
Open an account with BECU online.
Eligibility to open a BECU account
To open an account in the BECU credit union, the person should be a resident of Washington and be a school student, or have his workplace in this state. Residents of two counties who are eligible to open their accounts in BECU are Oregon and Idaho both situated in America.Members of the partners of BECU which are the University of Washington Alumni Association and Washington State University Alumni Association are eligible to open their accounts in BECU.
The BECU credit union is a responsible, non-profit financial organization that thinks only about the welfare of its members and how they can save themselves from getting scammed. Their method of bringing cashless transactions into society has become a plus point, unlike the method used by the banks where they take fees for every single online transaction and also yearly fees for your credit card, and checkbook. So, we can say that the BECU credit union is far more beneficial for the people of Washington than any other national bank.
