Intro – Powerco Federal Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Georgia, a list that included Powerco Federal Credit Union.
Below we have highlighted some of the many reasons Powerco Federal Credit Union was selected as one of the best credit unions in Georgia.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Powerco Federal Credit Union Review
Leading the way among the best credit unions in Atlanta, Powerco Federal Credit Union was chartered in 1935 and is one of the largest and fastest-growing Atlanta credit unions as well as throughout Georgia. It’s insured by the NCUA and has more than $185 million in assets and more than 21,000 members.
Image Source: Powerco Federal Credit Union
There are eight physical branch locations of Powerco throughout Georgia and Mississippi, and services and products range from checking accounts to loans and credit cards. Many of the Powerco products and services are either free or have very low fees for their usage.
Key Factors That Enabled This to Rank as One of the Best Credit Unions in Atlanta
Listed below are significant reasons Powerco is included on this list of the top-ranking credit unions in Atlanta.
Powerco Federal Credit Union Review: Privilege Pay Protection
A signature offering from this best credit union in Atlanta is called Privilege Pay Protection. This is an additional line of overdraft protection available on certain checking accounts, and the member must opt in to take advantage of this.
When funds aren’t available in an account, PPP will kick in to pay checks, ACH, and debit card approvals or postings. This helps members avoid the high charges from merchants for returned items, and it serves as an additional safety net for checking accounts.
For the PowerPro Checking Account, the PPP feature provides up to a $500 aggregate limit, and for the PowerLink Student Checking account, it provides up to a $100 aggregate limit.
Powerco Federal Credit Union Review: PowerPro Checking
The PowerPro Checking is the signature account available from this credit union in Atlanta, Georgia. Packed with features, this account does not require a minimum balance requirement to avoid monthly fees, and it also has unlimited check writing. The account requires a small minimum deposit to open, and there are no per-check charges either.
With the PowerPro account, members receive a free Visa Check Card, Privilege Pay Protection, free eStatement, mobile banking and eDeposit, and surcharge-free access to around 25,000 ATMs that are part of the CU24/CU HERE Network.
Other checking account options include PowerChek Checking and PowerLink Student Checking.
Image Source: Powerco Federal Credit Union
Powerco Federal Credit Union Review: Membership Rewards
Powerco Federal Credit Union is part of the Love My Credit Union and Invest in America Programs, which help members accrue savings on the things they buy every day.
There are more than 1,200 major retailers that are part of this rewards program, and members receive access to a wide variety of special offers and discounts.
Members of this best credit union in Atlanta can access their Love My Credit Union Awards exclusive discount offers by using the exclusive Love My Credit Union app for their smartphone. Offers come from merchants and retailers, like Sprint, DirectTV, Target, Macy’s, PetCo, and many more.
Powerco Federal Credit Union Review: Mortgage Center
Powerco, one of the top credit unions in Atlanta, offers a full-service mortgage center featuring fast loan approval, a variety of options, and expert, customized guidance from experienced loan officers. The loan program from this credit union in Atlanta, Georgia means members have more choices and flexibility to meet their mortgage goals. Many of the mortgage options also require a minimal down payment, making homeownership attainable for more people.
Mortgages available from Powerco, one of the top Atlanta credit unions, include:
- Conventional loans
- Jumbo loans
- Fixed-rate and adjustable-rate mortgages
- Fixed and adjustable blends
- Mortgages specifically for first-time buyers
- Refinancing
- FHA and VA loans
In addition to reviewing the above Powerco Federal Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
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Review of Top Mortgage Firms
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