Capital Area School Employees Credit Union (CASE Credit Union) is a non-profit financial institution that primarily serves the employees of educational institutions in Michigan. Since its establishment in 1966, CASE Credit Union has grown to become one of the leading credit unions in Michigan, with more than 60,000 members and over $500 million in assets. In this article, we will provide you with all the information you need to know about CASE Credit Union, including its history, membership requirements, products and services, and more.
Table of Contents
History of CASE Credit Union
CASE Credit Union was founded in 1966 by a group of Lansing School District employees who wanted to establish a financial institution that would cater to the unique needs of educators. The credit union was initially known as Lansing School Employees Federal Credit Union and operated out of a small office in the Lansing School District administration building. Over the years, the credit union expanded its membership to include employees of other educational institutions in Michigan, and in 1999, it changed its name to Capital Area School Employees Credit Union to reflect its broader membership base. Today, CASE Credit Union has several branches in Michigan, including in Lansing, Charlotte, East Lansing, and Downtown Lansing.
Membership Requirements
Membership in CASE Credit Union is open to employees of educational institutions in Michigan, including school districts, colleges, and universities. Immediate family members of current members are also eligible to join. To become a member, you must open a savings account with a minimum deposit of $5. Once you become a member, you can take advantage of all the products and services offered by the credit union.
Products and Services
CASE Credit Union offers a wide range of products and services to its members, including:
Savings Accounts
CASE Credit Union offers several types of savings accounts, including regular savings, money market accounts, and certificates of deposit. Members can earn competitive interest rates on their savings, and all deposits are insured up to $250,000 by the National Credit Union Administration (NCUA).
Checking Accounts
CASE Credit Union offers several types of checking accounts, including free checking, high-yield checking, and interest-bearing checking. Members can also take advantage of free online banking, bill pay, and mobile banking services.
Loans
CASE Credit Union offers a variety of loan products, including auto loans, home equity loans, personal loans, and credit cards. Members can also apply for mortgages through CASE Credit Union’s partnership with Quicken Loans.
Investment Services
CASE Credit Union offers investment services through its partnership with CUSO Financial Services, L.P. Members can get advice on retirement planning, college savings, and other investment strategies.
Benefits of Membership
There are many benefits to becoming a member of CASE Credit Union, including:
Lower Fees
CASE Credit Union offers lower fees than many traditional banks, which can save members money over time.
Higher Interest Rates
CASE Credit Union offers competitive interest rates on savings accounts and CDs, which can help members grow their money faster.
Personalized Service
CASE Credit Union is a member-owned financial institution, which means that its primary focus is on serving its members. Members can expect personalized service and a commitment to their financial well-being.
Community Involvement
CASE Credit Union is actively involved in the communities it serves, sponsoring local events and supporting local charities and organizations.
FAQs
Here are some frequently asked questions about CASE Credit Union:
How do I join CASE Credit Union?
To join CASE Credit Union, you must be an employee of an educational institution in Michigan or an immediate family member of a current member. You can apply for membership online or at any of CASE Credit Union’s branches.
What is the minimum deposit to open a savings account?
The minimum deposit to open a savings account with CASE Credit Union is $5.
Are my deposits insured?
Yes, all deposits with CASE Credit Union are insured up to $250,000 by the NCUA.
What types of loans does CASE Credit Union offer?
CASE Credit Union offers a variety of loan products, including auto loans, home equity loans, personal loans, and credit cards.
What People Are Saying About CASE Credit Union
The response of people who know CASE Credit Union is generally positive. Many members appreciate the personalized service and lower fees offered by the credit union. Some also note that CASE Credit Union’s online banking and mobile app are user-friendly and easy to use. However, some members have expressed frustration with long wait times at branches and with the credit union’s loan application process. Overall, though, CASE Credit Union has a strong reputation as a trustworthy and reliable financial institution.
Nutrition Facts
Here are some quick facts about CASE Credit Union:
Serving Size:
1 Credit Union
Servings Per Membership:
1
Calories:
0
Total Assets:
Over $500 million
Total Members:
Over 60,000
Insured By:
National Credit Union Administration (NCUA) In conclusion, CASE Credit Union is a great option for employees of educational institutions in Michigan who are looking for a financial institution that understands their unique needs. With a wide range of products and services, competitive interest rates, and personalized service, CASE Credit Union is a trustworthy and reliable financial partner.
