I've heard good things about credit unions. But don't you have to work somewhere first? Is there a secret handshake or something?
Yes there are many great things about credit unions, and to answer your questions, No. Most everyone has access to a credit union. The Ohio and U.S. governments understand how credit unions provide value and competition for financial services, so they have made credit union services more widely available. This credit union, Wayne County Community Federal Credit Union, can serve and welcome anyone who lives, works, worships or attends school in Wayne County, in northeast central Ohio. A regular Account Membership is free, and we requires only a $25 initial deposit (it stays your money in your account) to open your savings and checking account.
The Piggy Bank Club Account (16 and under)
Piggy Bank Accounts are free and can be opened with a minimum of $10. Each time the child makes a deposit on the account they get to pick from an assortment of prizes. The Piggy Bank Club has special privileges such as birthday gifts, special events and other fun designed to encourage kids to get into the habit of saving, and keep saving for their lifetime.
For more information about becoming a member, please E-Mail firstname.lastname@example.org.