Douglas Olsen
Students can join the University Credit Union at St. Thomas University, Miami, Florida, which has been a tradition since 1947. Membership is also available to St. Thomas University faculty, staff, alumni, and their immediate families. The University Credit Union offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and digital banking.
| Characteristics | Values |
|---|---|
| Membership | Available to St. Thomas University faculty, staff, students, alumni, and their immediate families |
| Location | Miami, FL with five branches and seven ATMs throughout Dade County |
| Products and Services | Checking, Savings, Loans (Vehicle, Home Equity, Signature, etc.), Credit Cards (Mastercard, Visa Debit), Money Market, Digital Banking services |
| Benefits | Best rates and service on Loans and Deposit products, exclusive employee benefits, member-owner advantages, higher savings and investment dividends, lower rates on loans and fees |
| Eligibility Requirements | Must be 18 years of age or older, complete a short application, maintain a minimum balance in the Share (Savings) account |
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What You'll Learn
Membership criteria
Firstly, membership is open to St. Thomas University faculty, staff, students, alumni, and their immediate families. This includes spouses, children, siblings, parents, grandparents, and grandchildren. Thus, if you are a student at St. Thomas University, you are eligible to join the University Credit Union.
Secondly, the University Credit Union serves those affiliated with other universities in Florida and California. In Florida, this includes the University of Miami, UHealth, and Florida International University. In California, it includes UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, and many others.
Thirdly, the University Credit Union also serves legal professionals. This includes those working in law firms, the court system, or businesses that provide services to the legal community in Miami-Dade, Broward, Palm Beach, and Monroe Counties.
To join the University Credit Union, you must be 18 years of age or older and complete an application. There is a minimum balance requirement of $25.00 to be deposited into a share (savings) account to access full ownership benefits.
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Benefits of joining
Students at St. Thomas University are eligible to join the University Credit Union. Membership is also available to the university's faculty, staff, alumni, and their immediate families.
Competitive Rates
Credit unions are not-for-profit organisations, so they can offer more competitive rates than traditional banks. This includes higher savings and investment dividends, lower loan and fee rates, and improved services.
Comprehensive Product Offerings
The University Credit Union provides a full range of quality banking products, including checking and savings accounts, loans (e.g. vehicle, home equity, personal), credit cards (Mastercard and Visa Debit), money market accounts, and certificates of deposits.
Digital Banking Services
Members can take advantage of digital banking services, such as online statements, check images, and free bill payment. There is also a UFinancial Digital Banking App that allows users to check balances, transfer funds, and make mobile deposits from their smartphones.
Accessibility
With five branches and seven ATMs throughout Dade County, students have convenient access to their accounts.
Community-Oriented
Credit unions are unique in that they are owned and operated by their members, who work together for their mutual financial good. This means that members have a say in how the credit union is run, as the board of directors and board committee members are nominated and elected from within the membership.
Overall, joining the University Credit Union can provide St. Thomas University students with competitive rates, a comprehensive range of financial products, convenient digital banking services, and the opportunity to be part of a community-oriented financial institution.
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Types of accounts
Students at St. Thomas University are eligible to join the University Credit Union, along with faculty, staff, alumni, and their immediate families.
The University Credit Union offers a range of accounts, including:
- Checking accounts, which allow members to access their funds easily and make payments.
- Savings accounts, which help members set aside money and earn interest over time.
- Holiday and vacation accounts, a specific type of savings account to help members save for a particular trip or for expenses throughout the year.
- Money market accounts, which typically offer higher interest rates than regular savings accounts and provide more flexibility in accessing funds.
- Certificates of deposit accounts, where members deposit a specific sum for a fixed period and earn a guaranteed interest rate, offering a safe investment option.
- IRA (Individual Retirement Account) accounts, which offer tax advantages for saving for retirement.
In addition to these accounts, the University Credit Union also provides various loan options, including vehicle loans, home equity loans, signature loans, and Mastercard credit cards.
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Services offered
Students at St. Thomas University can join the University Credit Union, which offers a range of financial services to its members.
Credit unions are not-for-profit organisations, meaning that earnings are returned to members in the form of lower interest rates, lower fees, and lower qualifying standards for loans.
The University Credit Union offers a full range of quality banking products, including:
- Checking and savings accounts
- Home loans
- Auto loans
- Credit cards
- Business accounts
- Commercial loans
The credit union also provides:
- Insurance and investment services
- Mobile and online banking services
- Access to a network of ATMs
- Financial education and coaching
- Holiday and vacation accounts
- Money market accounts
- Certificates of deposit
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Branch locations
Students can join the St. Thomas Credit Union, which offers full ownership benefits when a minimum balance of $25 is deposited and maintained in a share (Savings) account.
The St. Thomas Credit Union has multiple branch locations. The credit union has a main office location in Charlotte Amalie, VI, where members can report downtime with virtual and traditional services.
Additionally, the University Credit Union at St. Thomas University has five branches and seven ATMs throughout Dade County. This credit union offers its services to St. Thomas University faculty, staff, students, alumni, and their families.
Furthermore, Wings Credit Union, the official banking partner of Tommie Sports at the University of St. Thomas, has a branch in Highgrove, St. Paul. There is also a bus route from the St. Paul campus, and ATMs and branches are accessible via this route.
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Frequently asked questions
Yes, membership is available to students, faculty, staff, alumni, and their immediate families.
The University Credit Union offers a range of financial services, including checking and savings accounts, loans (vehicle, home equity, personal, commercial, and student), credit cards, money market accounts, and digital banking services.
You can join by completing an online or mail-in application. To be eligible, you must be a student, faculty, staff, or alumnus of St. Thomas University or be an immediate family member of someone who is. You must also be 18 years of age or older.
