Honda federal credit union Review

About Honda federal credit union

Honda Federal Credit Union: A Trusted Financial Cooperative for the Honda Family

Honda Federal Credit Union is a financial cooperative that has been serving the Honda family for over 50 years. The credit union was established in 1963 to provide financial services to employees of American Honda Motor Co., Inc. and their families. Today, it serves more than 30,000 members across the United States.

As a not-for-profit financial institution, Honda Federal Credit Union is owned by its members and operates solely for their benefit. This means that any profits earned by the credit union are returned to its members in the form of lower loan rates, higher savings rates, and better services.

Membership at Honda Federal Credit Union is open to anyone who works or lives in Orange County or Torrance County in California; Lincoln County or Bernalillo County in New Mexico; or Franklin County or Davidson County in Tennessee. Additionally, immediate family members of current members are also eligible to join.

Products and Services Offered by Honda Federal Credit Union

Honda Federal Credit Union offers a wide range of financial products and services designed to meet the needs of its diverse membership base. These include:

1) Savings Accounts: Members can open regular savings accounts with as little as $5 deposit and earn competitive dividends on their balances.

2) Checking Accounts: The credit union offers free checking accounts with no monthly fees, unlimited check writing privileges, free online banking access, mobile banking app access with remote deposit capture feature.

3) Loans: Members can apply for various types of loans including auto loans (new/used), personal loans (secured/unsecured), home equity loans/lines-of-credit (HELOCs).

4) Mortgages: The credit union provides mortgage financing options such as fixed-rate mortgages (10-30 years), adjustable-rate mortgages (ARMs), FHA/VA loans etc.

5) Credit Cards: Members can choose from several different types of Visa® credit cards offered by HFCU including rewards cards that earn points redeemable for merchandise/gift cards/travel etc., low rate cards with no annual fee etc.

6) Investment Services: HFCU partners with CUSO Financial Services L.P.(CFS)*to offer investment advisory services such as retirement planning/investment management/tax planning etc.


Why Choose Honda Federal Credit Union?

There are many reasons why someone might choose to become a member at Honda Federal Credit Union:

1) Competitive Rates & Fees - As a not-for-profit institution owned by its members,Honda FCU offers some of the most competitive rates on deposits/savings accounts/loans/mortgages available anywhere.

2) Convenience - With online/mobile banking access available 24/7,Honda FCU makes it easy for you manage your finances from anywhere anytime.

3) Personalized Service - Unlike big banks where you're just another account number,Honda FCU takes pride in providing personalized service tailored specifically towards each member's unique needs.

4) Community Involvement - As an active participant within local communities where it operates,Honda FCU supports various charitable organizations/events/initiatives aimed at improving quality life people living there.

5 ) Security & Stability - Your deposits at HFCU are federally insured up-to $250k per account holder through NationalCreditUnionAdministration(NCUA). Additionally,the credit union has maintained strong capital reserves throughout its history which ensures long-term stability even during economic downturns.


Conclusion

In conclusion,HondaFederalCreditUnionisafinancialcooperativethatprovidesitsmemberswithcompetitivefinancialproductsandserviceswhilemaintainingastrongcommitmenttowardscommunityinvolvementandpersonalizedservice.Withover50yearsofexperienceinthefinancialindustryandmorethan30kmembersacrosstheUnitedStates,it'sclearthatHFCUhastheexpertiseandresourcesneededtohelpyouachieveyourfinancialgoals.Soif you're lookingfora trusted partner who will work hard on your behalf,giveHondaa try today!