In today’s world, finding a financial institution that you can trust is more important than ever. With so many options out there, it can be difficult to know where to turn. That’s why we’re here to introduce you to Tulane Loyola Credit Union, a financial institution that has been providing top-notch financial services to its members since 1926.
Who is Tulane Loyola Credit Union?
Tulane Loyola Credit Union is a not-for-profit financial cooperative that is owned and controlled by its members. It was originally founded in 1926 as Tulane University Credit Union to serve the faculty and staff of Tulane University. In 1971, it expanded its membership to include the Loyola University community, and in 2010, it changed its name to Tulane Loyola Credit Union to reflect its broader membership base.
Today, Tulane Loyola Credit Union serves more than 22,000 members across the New Orleans area. Its mission is to provide its members with superior financial services, while maintaining a strong financial position and adhering to the cooperative principles of “people helping people.”
Why Choose Tulane Loyola Credit Union?
There are many reasons why Tulane Loyola Credit Union is an excellent choice for your financial needs. Here are just a few:
- Member-focused: As a member-owned institution, Tulane Loyola Credit Union is focused on serving the needs of its members. This means that its primary goal is to help its members achieve their financial goals, rather than maximizing profits for shareholders.
- Competitive rates: Tulane Loyola Credit Union offers some of the most competitive rates on savings, loans, and credit cards in the New Orleans area. This means that you can save money on interest and fees, and keep more of your hard-earned money in your pocket.
- Personalized service: Unlike big banks, Tulane Loyola Credit Union provides personalized service to each and every member. You can expect to be treated as an individual, rather than a number, and to receive customized financial advice that is tailored to your unique needs and goals.
- Convenient access: With two locations in the New Orleans area, as well as online and mobile banking options, Tulane Loyola Credit Union provides convenient access to your accounts and financial services. You can manage your money on-the-go, and easily connect with a financial expert whenever you need help.
What Services Does Tulane Loyola Credit Union Offer?
Tulane Loyola Credit Union offers a full range of financial services to its members, including:
- Checking and savings accounts: Choose from a variety of checking and savings account options, including free checking, interest-bearing checking, and high-yield savings accounts.
- Loans: Tulane Loyola Credit Union offers a wide range of loan products, including personal loans, auto loans, home equity loans, and more. With competitive rates and flexible terms, you can find a loan that fits your needs and budget.
- Credit cards: Choose from a variety of credit card options, including cash-back rewards cards and low-interest rate cards.
- Online and mobile banking: With online and mobile banking, you can manage your accounts, pay bills, transfer funds, and more, all from the convenience of your computer or mobile device.
- Financial planning and education: Tulane Loyola Credit Union offers financial planning services and educational resources to help you achieve your financial goals. Whether you need help creating a budget, planning for retirement, or investing for the future, they have the expertise to help you succeed.
How to Join Tulane Loyola Credit Union
Joining Tulane Loyola Credit Union is a straightforward process. Here are the steps you need to take:
- Determine if you are eligible for membership: To become a member of Tulane Loyola Credit Union, you must be affiliated with Tulane University, Loyola University New Orleans, or a select group of other organizations in the New Orleans area. You can check their website for a complete list of eligible groups.
- Complete a membership application: You can apply for membership online through the Tulane Loyola Credit Union website, or by visiting one of their two locations in the New Orleans area. The application will ask for your personal and contact information, as well as your affiliation with the eligible group.
- Provide identification and a minimum deposit: When you apply for membership, you will need to provide a valid government-issued ID, such as a driver’s license or passport, and make a minimum deposit of $5 into a savings account. This deposit represents your ownership share in the credit union and must remain in your account for the duration of your membership.
- Wait for approval: After you submit your application and required documentation, the credit union will review your application and approve it if you meet the eligibility requirements. This process typically takes a few business days.
- Start using your account: Once you are approved for membership, you can start using your Tulane Loyola Credit Union account. You can deposit funds, apply for loans, and take advantage of all the financial services they offer.
In summary, joining Tulane Loyola Credit Union is a simple process. If you are affiliated with Tulane University, Loyola University New Orleans, or a select group of other organizations in the New Orleans area, you can apply for membership online or in person, provide identification and a minimum deposit, and wait for approval. Once you are a member, you can enjoy personalized financial services and competitive rates to help you achieve your financial goals.
Tulane Loyola Credit Union is a trusted financial institution that has been serving the New Orleans community for nearly a century. As a not-for-profit cooperative, it is dedicated to providing its members with superior financial services, personalized attention, and competitive rates. With a full range of financial products and services, including checking and savings accounts, loans, credit cards, online and mobile banking, and financial planning and education resources, Tulane Loyola Credit Union is a one-stop-shop for all your financial needs. If you are eligible for membership, we highly recommend joining Tulane Loyola Credit Union and taking advantage of their excellent services and benefits.