Provident Credit Union

The Provident Credit Union of San Francisco was established in the year 1950. Since then, it has grown to become the 16th largest credit union in the state of California as well as the 81st largest credit union in the United States. The union was first established in order to work for the California Teachers Association. It has its headquarters in the Bay Area of San Francisco. At the moment, the Provident Credit Union is serving more than 1200 employer groups with over 100,000 members. The Provident Credit Union has many branches that are located across the length and breadth of California as well as the United States. It is one of the safest ways to keep your money, invest it and even get low interest loans for auto and homes. The company currently houses assets that are valued at over 1.9 billion dollars and it safely deposits them as well. In fact the Provident Credit Union is known for being one of safest ways to deposit your money.

One of the most interesting things to be known about the Provident Credit Union is that it holds more than 11% of its assets in reserve. This is why the Provident Credit Union is always able to provide you better financial solutions than a bank. The 11% reserve rate cannot even be maintained by the bank. provident credit unionTherefore, whenever you are depositing your money in the Provident Credit Union Account, you can be expecting, safety and soundness of your money. You would also be glad to know that the savings for each membership are insured at an amount of $250,000. You would also be getting the same amount per IRA that would be provided by the NCUA or the National Credit Union Administration. When you are getting Provident Credit Union Membership, there is no reason why you should be looking for any other options to save your money. You would be getting a wide range of benefits upon taking the membership of the Provident Credit Union. Here is a list of the benefits that you would be receiving.

  • You would be getting many products and services from the Provident Credit Union. There is a popular high-yield savings account that can be opened. Apart from this, you can also be getting term certificates, money market solutions. You would also be getting IRAs. This would be including both the Education IRA as well as Roth IRAs.
  • You would also be getting personal loans, auto loans, RV loans and home loans at very low rates of interest and lesser hassles as compared to a bank.
  • You can be getting low fee or no fee checking accounts as well. You would be getting the money market checking account as well as the interest checking account. This is something that you would not be getting anywhere else.
  • It has a global ATM network to answer your needs, wherever in the world you are.
  • The Provident Credit Union also has a nationwide network of branches from where you would be able to stay in touch with your funds, no matter where in the U.S. you relocate.
  • The members are given Visa Check Cards as well ATM cards.
  • Visa Classic, Gold and Platinum credit cards are also available for the members.
  • Account manager feature provides 24×7 computer access to your account as well as electronic bill payment facility.
  • You can get 24 hour loans as well.
  • Talk to the customer support on weekdays.
  • Investment services department also provides handy financial consulting to the users.
  • Get auto loan refinancing deals with major discounts as well.
  • The eligibility of your membership would be extended to anyone who is related to you by marriage, birth or adoption.
  • Once you become a member, you would always be a member, regardless of your job changes, relocations or retirement.

Insurance And Loan Services

The Provident Credit Union is also known for its insurance and loan services. You would be getting home insurance solutions, auto insurance and even term life insurance solutions. There is a very beneficial part of the Provident Credit Union, known as the Provident Plus Insurance. The pricing of these products is quite commendable and you would be getting the best insurance options in town with Provident Credit Union. You would also be getting loans for your home or car with these insurance companies. Apart from this, there is a huge range of savings, investment, insurance and loan services that you would be getting with the help or the Provident Credit Union.

One of the best things about the Provident Credit Union is that they would be providing you perpetual membership. Plus, they have so many branches that you would be getting ample support from the union at any time that you like. Therefore, there would be many opportunities for you take full advantage of the services that are being provided by the union. If you become a part of any other bank or cooperative, you would certainly not be able to find as many options as you find here. It is always a wise decision to opt for the Provident Credit Union. You are getting some ready fraud protection as well. All this and more, just for the price of a membership.