Intro – 1199 SEIU Federal Credit Union Reviews & Ranking
1199 SEIU Federal Credit Union was recently ranked and reviewed by AdvisoryHQ as a top rated credit union. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our 1199 SEIU Federal Credit Union review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of 1199 SEIU Federal Credit Union.
1199 SEIU Federal Credit Union Review
1199 SEIU Federal Credit Union was formed in 1940 to serve the financial needs of 1199 SEIU New York’s Health and Human Services employees.
It is a member-owned, not-for-profit financial institution that is dedicated to providing its members with quality financial products and services.
The employees of 1199 SEIU Federal Credit Union take the credit union philosophy of people helping people seriously and strive to abide by it every day while serving their more than 28,000 members. The success of this dedication to service can be seen in its impressive holdings of $60 million in assets.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed reviews, 1199 SEIU Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
1199 SEIU FCU Review: Flexible Checking Account
In today’s money-driven society, it is becoming harder and harder to find a checking account that isn’t overloaded with monthly fees and requirements.
1199 SEIU FCU understands the value of offering its members low-cost and convenient products, which is why they designed their checking account with savings and convenience in mind.
A checking account at 1199 SEIU FCU comes with:
- No minimum balance requirement
- No monthly fees
- No per-check fees
- Duplicate copy checks
- Overdraft protection options
- Free ATM cash card
- Point-of-purchase debit card
With this cost-saving checking account, what you see is what you get; there are no surprises here.
Photo courtesy of: 1199 Federal Credit Union
1199 SEIU FCU Review: Personal Loans
1199 SEIU FCU realizes that people may need to take out a personal loan for many different reasons, which is why they offer a more diversified personal loan selection than many other credit unions or banks do.
As a top ranked credit union with no shareholders to pass profits on to, they are able to offer extremely competitive rates on their loans. They also offer flexible repayment terms to help members stretch the purchasing power of their money.
Personal loans offered at 1199 SEIU FCU are:
- New and used auto loans
- Home mortgage loans
- Share secured loans
- Holiday loans
- Vacation loans
- Affordable bill consolidation loans
- Graduation loans
- Auto transfer program
1199 SEIU FCU Review: Additional Services
1199 SEIU FCU strives to be a one-stop financial shop for their members. For this reason, they are constantly reviewing the quantity and quality of the products and services that they offer.
In addition to traditional banking products, the following services are also offered to its members:
- Exclusive Enterprise Car sales events for members only
- Credit life and disability insurance
- Car loans
- CUNA long-term care insurance
- Liberty auto insurance
- Renters insurance
- Notary public service
1199 SEIU FCU Review: Vacation and Holiday Clubs
Saving up for a dream vacation or to treat your family to a wonderful holiday season can be tough to do. That is why 1199 SEIU FCU offers both a vacation club account and a holiday club account.
These specially-designated savings accounts are a great way to save up and turn a dream vacation or holiday into a reality. Getting started couldn’t be easier with no minimum deposit or balance requirements and no monthly fees. In addition, interest on these club accounts are compounded and credited quarterly.
Members who choose to utilize a Vacation Club account to save up for a vacation are permitted to make one free withdrawal from the account per the account’s fiscal year. There are no withdrawals permitted from the Holiday Club account.
The Vacation Club’s fiscal year is June 1 through May 31, and the Holiday Club’s fiscal year is from November 1 through October 31.
In addition to the above 1199 SEIU Federal Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top credit unions:
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