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Sun Community Federal Credit Union Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.75 |
| Checking | 3.75 |
| Money market account | 3.75 |
| Share certificate | 4 |
| Trustworthiness | 4.75 |
| Total | 4 |
Sun Community Federal Credit Union: Pros and Cons
| Pros | Cons |
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The is a decent option if you're looking for an account with a low minimum opening deposit and no monthly service fees. For you to be eligible for any other accounts, you'll have to open this account.
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The lets you waive the if you keep at least $500 in your account daily. It also has access to over 30,000 surcharge-free ATMs through the Co-op ATM network.
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The is the credit union's strongest product. You can open a share certificate with , and the accounts pay higher interest rates than the average CD.
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has a tiered interest rate, so the interest you'll earn will depend on your account balance.
The is a good choice if you regularly maintain $100,000 or more in your account — that way, you can earn the highest interest rate. You can also get an interest rate boost if you have an active checking account and make at least 10 debit transactions monthly.
About Sun Community Federal Credit Union
Sun Community Federal Credit Union is included in our Hispanic American-led credit unions by state guide. It has eight branches in the following cities in California:
- Brawley
- Calexico
- Calipatria
- El Centro
- Holtville
- Imperial
- Indio
- Palm Desert
- Palm Springs
The credit union is also part of the Co-0p Shared ATM network, so it has access to over 30,000 free ATMs throughout the US.
To contact customer support, call the Member Contact Center from 9 am. to 5 p.m. on Monday through Thursday, 9 a.m. to 6 p.m. on Friday, or 9 a.m. to 1 p.m. on Saturday.
Sun Community Federal Credit Union's mobile app has 4.6 out of 5 stars in the Google Play store and Apple store.
The institution is also federally insured by the NCUA, which means that your deposits are secured up to $250,000 in an individual account.
How to Join Sun Community Federal Credit Union
You can join Sun Community Federal Credit Union if you live, work, or volunteer in Imperial or Coachella Valley. To become a member, you'll need to open a savings account with at least .
The Role of Hispanic American Financial Institutions
Hispanic American financial institutions and other mission-driven banks have historically addressed gaps in underserved communities. Since Sun Community Federal Credit Union serves a significant Hispanic American population, it also provides services geared toward them.
Sun Community Federal Credit Union has partnered with 50 local non-profit organizations to donate money and support welfare and foster care programs. It also has a scholarship program for Imperial Valley and Coachella Valley high school students who want to pursue higher education.
Is Sun Community Federal Credit Union Trustworthy?
Sun Community Federal Credit Union hasn't been involved in any recent public controversies. The credit union also has an A+ rating from the Better Business Bureau.
A good BBB rating doesn't necessarily guarantee that your relationship with a bank will be perfect. If you want to see whether a bank is a good fit, consider reading online customer reviews, or talking with friends and family.
Sun Community Federal Credit Union FAQs
Where are Sun Community Federal Credit Union branches located?
Sun Community Credit Union has branches in the following cities in California: Brawley, Calexico, Calipatria, El Centro, Holtville, Imperial, Indio, and Palm Springs.
What are the current rates for Sun Community Federal Credit Union Share Certificates?
Sun Community Federal Credit Union Share Certificates pay APY.
Does Sun Community Federal Credit Union have ATM fees?
If you use an out-of-network ATM, Sun Community Federal Credit Union charges a $3 ATM fee.
Methodology: How We Reviewed Sun Community Federal Credit Union
For our Sun Community Federal Credit Union review, we rated bank products and services using our bank account methodology.
At Personal Finance Insider, we rate bank accounts on a scale from zero to five stars. We review different features for distinct types of bank accounts. For example, we'll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options. We'll also usually examine minimum opening deposits, monthly service fees, customer support availability, and mobile app ratings for all types of bank accounts.
How Sun Community Federal Credit Union Compares
Sun Community Federal Credit Union vs. Community Commerce Bank
Community Commerce Bank is a Hispanic American-owned bank in California. Your decision between the two institutions may depend on which accounts you want to open.
At Community Commerce Bank you can only open a savings account or CD. That said, you may prefer the if you're looking for a savings account with a solid interest rate and no monthly service fees.
If you're searching for a financial institution that offers a full banking experience, you may lean more toward Sun Community Federal Credit Union. It has money market and checking accounts. To become a member of the credit union, you'll need to live near a branch and open a savings account for $5, though.
Sun Community Federal Credit Union vs. First Imperial Credit Union
First Imperial Credit Union is a local financial institution with branches in Brawley, El Centro, Calexico, and Imperial.
You may like First Imperial if you want a bank that doesn't charge monthly fees. At Sun Community Federal Credit Union, some accounts may have minimum balance requirements to waive fees. First Imperial is also a good option if you'd like to get a savings account with an ATM card.
Sun Community Federal Credit Union has higher interest rates on CDs and money market accounts, though.
from All Content from Business Insider https://www.businessinsider.com/personal-finance/sun-community-federal-credit-union-review
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