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Leaving: Miscellaneous: Credit Unions

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HPAlumnipedia > Leaving > Miscellaneous > Credit Unions

Alan Silverstein, Jul 2006:

I was told, "Addison Avenue FCU began offering access to an HP Employee Purchase Program to its members." HP product discounts

Curt Gowan, Mar 2003:

Many of us need to find a safe short-term or long-term home for retirement and severence money. If you use credit unions, be aware that you are no longer limited to your employer's credit union -- and that the rates and terms for deposits, credit cards, loans, and checking vary dramatically.

Credit Unions are chartered to serve a "Field of Membership"...

  • Geography. Check the yellow pages and this site to find CUs for your area.
  • Affiliations. Alumni associations often link to the university employee CU. Non-profits, such as public TV stations and churches often link to CUs. (AARP and IEEE do not.)

With online, mail, fax, and phone access, a CU need not be local.

Be sure to check US Government insurance status of a CU at this website. (One CU displayed the NCUA logo but was switching to private insurance!)

Before you go in, call the branch manager and ask about new-member deals and account tie-ins (such as +0.25% on CDs for a $50 checking account!) that may not show up on the Website.

Curt Gowan, Apr 2004:

HPAA members may join Addison Avenue even if not a member while at HP. Addison Avenue offers medical and other insurance programs. (hpalumni.org/financial.htm)

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