Banks and credit unions are both financial institutions, but they differ in their profit status, ownership structure, and in some instances the services they offer. Banks are for-profit institutions, privately owned or publicly traded. They aim to generate profits for their shareholders. Banks they often charge higher fees and interest rates on loans, and typically offer lower Annual Percentage Yields (APYs) on savings products compared to credit unions. Credit unions, on the other hand, are not-for-profit institutions owned by their members. Membership is typically open to individuals who share a common bond. As nonprofits, credit unions focus on providing their members with the best terms they can afford for their financial products. Members often enjoy lower rates on loans, fewer and lower fees, and higher APYs on savings products than bank customers. While credit unions may have fewer branches and ATMs, many participate in shared branch and ATM networks. This allows their members to use thousands of surcharge-free ATMs across the country, often surpassing the number of ATMs that any single bank can offer. This significantly increases the convenience and accessibility of credit unions, especially for members who travel frequently or live far from their credit union's physical locations. In summary, credit unions tend to provide a more personalized service with potentially better rates and fees, and through shared networks can offer extensive access to ATMs and branch locations.
We do not have an IBAN number or a SWIFT code.
We do not have a SWIFT code or an IBAN number.
As a member, you can apply for a non-mortgage loan from anywhere. However, we only finance mortgage-related loans for single-family, primary residences located in the following Florida counties: Bay, Escambia, Holmes, Okaloosa, Santa Rosa, Walton, and Washington.
Routing Number: 263178070
*APR = Annual Percentage Rate.
