Credit Union Membership
Credit Unions
Around the World
History of
Credit Unions
Credit Unions
vs Banks
Credit Union
Products
100

What is required to qualify for membership at America's Credit Union? 

What is live, work, worship, or attend school in Dallas, Rockwall, and Collin Counties?

100

What is the leading international trade association and development agency for credit unions and cooperative financial institutions?

Who is the World Council of Credit Unions?

100

What Government agency provides insurance for the money held at a credit union so that it can't be lost in case of a catastrophic vent?

Who is the NCUA?  National Credit Union Association.

100

What makes credit unions different from banks? a. Credit Unions are not-for-profit b. Credit Unions give every member a credit card c. Credit Unions do not offer debit cards

What is a. Credit Unions are not-for-profit?

100

What is the most popular type of loan taken out at a credit union? 

An auto Loan

200

An America's Credit Union member must maintain a balance of ____ in membership savings: a. $50 b. $25 c. $10

What is b. $25?

200

The first credit union in North America was founded in: a. Quebec, Canada b. New York City, NY c. Toronto, Ontario

What is a. Quebec, Canada?

200

Under which U.S. president was the Federal Credit Union Act passed? a. Herbert Hoover b. Franklin Roosevelt c. Harry Truman

Who is b. Franklin Roosevelt?

200

Banks use their profits to pay out stockholders. What happens to the profits made by a credit union? a. They are reinvested in the institution or paid to members b. They are paid to stockholders c. Nothing; there are no profits

What is a?   They are reinvested in the institution or paid to members.

200

What is the fee and minimum balance for a KASASA Checking Account?

No minimum balance and No Fee!

300

Name the 3 counties that America's Credit Union provides financial services to....

What are Dallas, Collin, and Rockwall Counties? 

300

Approximately how many members do credit unions have worldwide? a. 2.3 million b. 96 million c. 172 million d. 411 million

What is c. 411 million?

300

Where was the first credit union in the United States opened?

Where is New Hampshire? 

300

Credit unions can save members money when they purchase a house and take out a mortgage because: 

What is, lower closing costs and fees?  

300

What are the terms of a share certificate and what is the minimum deposit?

Fixed rate terms from 3-60 months and a minimum opening deposit as low as $500.

400

How many ATMs are available "in-network" for America's Credit Union Members in the DFW Area?  a. 5  b. 32  c. 100

What is c. 100?

There are 100 Money Pass ATMs in the DFW Area and 8000 around the USA offering FREE access to America's Credit Union Members. KASASA Checking will reimburse up to $25 monthly for "out-of-network" ATM fees. 

400

How many credit union branches are linked worldwide in the Share Branching network? a. 46,000 b. 152,000 c. 100

What is a. 46,000?

400

Credit unions in the United States were established to fight against: a. the government b. loan sharks c. banks

What are b. loan sharks?

400

What is the primary complaint about credit unions from the banking industry? 

What is Competition?  


Because they are Not-For-Profit, Credit Unions can offer lower interest rates on loans and higher yields on deposit accounts.  

400

What types of coverage does 7 Insurance offer?

Auto, Home, Business and Renters

500

What year was America's Credit Union founded?

What is the year 1934?  

It was started by Kraft American employees (Kraft Cheese and Macaroni) 90 years ago in Denison Texas. 

500

Who is the largest Credit Union in the World?  a.  America's Credit Union  b. Navy Federal Credit Union  c. TXCU

Who is Navy Federal Credit Union?  With over 10 million members. 

TXCU has 120,000

Americas Credit Union 31,000

500

In what country and what group of people first developed the financial organization we now know as a Credit Union? 

Who are independent farmers in Germany? 

500

The average interest rate charged on a credit card at a bank is 15.5%. What is the average interest rate charged on a credit union credit card? a. 8.9% b. 12.15% c. 18%

b. 12.15%

500

What are 2 out of the 4 benefits of applying for a Home Equity line of credit?

-Easy to access funds

-Competitive Interest Rates

-Loans up to $250,000

-Loan-to-value up to 100%