Credit Unions and You Even if you are not a VFCU member, we strive to provide you with the best answers and information regarding your credit union. The following are some of the most common questions about the services offered by credit unions. To learn more about a specific area, contact our main office in Brownsville at (956) 564-3108 or visit one of our branches. Can I join a credit union despite having bad credit?You absolutely can. In fact, if you have bad credit, we invite you to join us so we can assist you by repairing your credit score and stabilizing your financial status. Our services are structured so that you can have all the tools necessary to keep your finances in order. Contact Us If you are...Read more ...Can a credit union help me consolidate my debt?Credit unions are locally owned and therefore are not-for-profit organizations. They are there for the members. This means that they are able to extend credit to those in marginal situations through various kinds of loans. Some credit unions do offer debt consolidation and/or debt counseling. Contact Us Contact VFCU at their Brownsville credit union branch...Read more ...Can students join a credit union?Students can join a credit union and to their benefit. Credit unions offer a variety of perks to help students feel a sense of security and relief during their college years. One of the perks is lower APR on certain student loans. Contact Us To begin feeling a sense of relief during your stressful college...Read more ...Does the Credit Union Offer Auto Insurance?Some credit unions do offer auto insurance, while others offer disability and life insurance on the auto loan. Some restrictions and terms do apply. Contact Us For more information about insurance or auto loans, contact the team at Valley Federal Credit Union at their Brownsville branch at (956) 546-3108, or their Harlingen branch at (956)Read more ...Why Do I Have to Have a Savings Account to Have a Checking Account?Not all credit unions require this. There are certain restrictions and terms that apply in opening a savings account or a checking account. Most credit unions offer free checking and savings accounts. Contact Us For more information on opening a savings or checking account, contact the banking professionals of Valley Federal Credit Union at their...Read more ...What is the Difference Between Current Balance and Available Balance?Current balance does not include any holds or pending transactions. Available balance is the amount available for immediate withdrawal or use. Contact Us For more information about your balance or any of your banking needs, contact your banking professionals of Valley Federal Credit Union at their Brownsville branch by calling (956) 546-3108, or their Harlingen...Read more ...What is a Youth Account?A youth account is designed to educate children and young adults about financial concepts such as earning and saving money. This is also a tool to make children well aware of how to make smart financial decisions. A social security and state ID of the child and guardian are required to open the account. Once...Read more ...Why Should I Have A Savings Account With A Credit Union?Credit Unions, compared to banks, offer higher interest rates on savings accounts. This means more money in your pocket. Credit Unions are nonprofit organizations and are there to help their members keep their money. Contact Us For more information on savings accounts or credit union services, contact the Valley Federal Credit Union in Brownsville at...Read more ...What is a certificate of deposit in a credit union?A certificate of deposit, or CD, is opened to store money for any savings purpose. They offer a high investment return depending on the term period chosen to lock in money. A guaranteed fixed interest rate allows your money to gain interest. Contact Us For more information regarding CDs, contact the Harlingen branch of Valley...Read more ...Can I rebuild my credit by joining a credit union?Establishing new credit or re-establishing by opening a credit union account is a good way of rebuilding bad credit to good credit. Credit unions commit themselves to providing assistance to those with bad credit by offering low APRs, second chance loans, and financial helpers. Contact Us To join a credit union today, call the Harlingen...Read more ...What is an overdraft fee?An overdraft fee is a charge made by the bank on your account if you try making a purchase with an insufficient amount of funds available. The bank will cover the expense for you, but will charge the fee for covering it. The charge for an overdraft fee is $30.00 for every time you swipe...Read more ...What is a field of membership?A field of membership must meet certain requirements and be approved by the NCUA. It is comprised of a group of members that share a specific bond, perhaps the same church, community or labor union. These groups will deposit money into share accounts, helping support one another through bond interaction. Contact Us For more information...Read more ...What Are The Benefits of Direct Deposit?There are several benefits to having your check directly deposited into your account. They include: It’s convenient Your money is safe from getting lost or stolen You get your money faster Direct deposit can include other benefits such as free checking Contact Us For more information about direct deposit or questions on becoming a member,...Read more ...
