The Most Popular Credit Union In Every State
Credit unions have been a staple of American society since the 20th century. See which credit union is most popular in every state.
Credit unions are an important facet of American life, totaling more than 5,000 in number.
Credit unions differ from banks in a few key ways: they are not-for-profit, member owned, and can usually pay a higher interest on deposits.
What’s more American than apple pie? The answer might just be: the credit union.
While the honor of the first credit union goes to Germany, the U.S. is now undoubtedly the home to the largest collection of credit union members worldwide, with over 117 million of the world’s 260 million.
The number of nation-wide credit union members has been growing steadily for decades, but accelerated in the wake of the Great Financial Crisis of 2008, possibly signalling that consumer trust in traditional banks is waning.
Indeed, one study from 2014 showed that Americans are twice as likely to find a credit union trustworthy as compared to a big, national bank.
What are some differences between credit unions and banks?
One major way that credit unions differ from traditional banks is by being member-owned and not-for-profit. Since a union doesn’t have to maximize earnings for shareholders like a traditional bank, they can often pay a higher interest rate on deposits.
Even within the U.S., credit unions range from small, local unions with fewer than 100 members, to large, multi-state organizations with millions of members. Despite the range in members, this may not translate to the number physical locations available to consumers: big banks typically have more branches than credit unions, many of which are regional.
To find the largest credit union in each state, we analyzed the quarterly dataset released by the National Credit Union Administration. There’s a number of data-points in the report that could be used to rank the unions–total deposits, the number of branches, the number of credit union members, and so on. We decided to use the last of these, the number of credit union members, and then aggregated the data by state.
Below, you can find the largest credit union in your state, either on the map or in the interactive table.
|Name||State||Number of Members||Number of Branches|
|Navy Federal Credit Union||Virginia||8,446,032||336|
|State Employees’||North Carolina||2,403,404||266|
|The Golden 1||California||1,021,799||73|
|Pennsylvania State Employees||Pennsylvania||455,685||25|
|Wright-Patt Credit Union, Inc.||Ohio||386,390||32|
|State Employees Cu Of Maryland, Inc||Maryland||260,786||22|
|American Eagle Financial||Connecticut||146,064||18|
|One Nevada Credit Union||Nevada||75,937||14|
|Black Hills||South Dakota||67,359||16|
|Whitefish Credit Union Association||Montana||56,040||7|
|First Community||North Dakota||43,895||28|
|Town & Country||Maine||39,059||6|
Data Source: National Credit Union Administration.
Like a credit union, Betterment’s customer centric approach is designed to help you maximize your cash.
Betterment acts as a fiduciary, meaning that we are legally required to act in your financial best interests.
Additionally, Betterment’s investment platform charges based on assets under management, meaning that our products are aligned with our customers’ needs–we do well when our customers’ assets grow.
Betterment also offers other unique cash-management features to help you reach your financial goals. Our cash-analysis tool analyzes your spending pattern in your linked checking account to predict how much cash you will need for the next few weeks.
FDIC Insurance: What It Is And How It Works
Deposit insurance was created in 1933 by Congress to restore faith in the U.S. banking system. Learn about how deposit insurance works and what it can mean for your cash.
How Do Banks Make Money?
Banks typically make money in three ways: net interest margin, interchange, and fees. Here’s how that can affect you.
Our Team of Experts
Our executive investing committee includes experts from a range of backgrounds. We make strategic decisions based on a systematic, evidence-based approach.
Explore your first goal
Our high-yield account built to help you earn more on every dollar you save.
This is a great place to start—an emergency fund for life's unplanned hiccups. A safety net is a conservative portfolio.
Whether it's a long way off or just around the corner, we'll help you save for the retirement you deserve.
If you want to invest and build wealth over time, then this is the goal for you. This is an excellent goal type for unknown future needs or money you plan to pass to future generations.