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What’s the scoop with the First Nebraska Educators Credit Union?
Apply for a First Nebraska Educators Credit Union Visa Platinum card and you can enjoy an APR as low as 10.95%! If you choose to apply for the Visa Classic card instead, the APR is still a low 13.95%.
Both these credit cards have a 25-day grace period for purchase balances if paid off in full every month.
What’s a Credit Union?
We’ve written about credit unions before and compared them with banks, to see the best reasons to choose either one.
A credit union is a not-for-profit financial organization that is member-owned. Credit unions return profits to members by offering better rates, better services and lower fees instead of making profit for stockholders.
You need to be a member of a credit union and it’s restricted to factors of location, employment, worship or school – for example, the First Nebraska Educators Credit Union is open for membership to people in these following groups:
- Employees at schools or daycares
- Students from public or private schools
- Healthcare professionals
- Employees of one of the 200 ‘Select Employee Groups‘
- Family members of any of the above
- Family members of an existing member
A credit union is more specialized and more personalized than a bank and tends to focus on financial services such as credit cards and loans. We’ve posted offers like this on MightyTravels before, from credit unions like Space Coast and Pentagon Federal, as they can often make more sense to a customer than using a bank.
Tell me more about the First Nebraska Educators Credit Union…
Fifteen years ago, the First Nebraska Credit Union and the Educators Credit Union joined together to form the First Nebraska Educators Credit Union. With more than 100 years of combined service, the two credit unions serve many employee groups and all public school employees throughout Nebraska.
With this credit union, you can access services like savings, certificates of deposit, loans, credit cards and mortgages and there are branches in both Omaha and Lincoln.
You can apply for one of the First Nebraska credit cards or loans here.
What else do I need to know about the First Nebraska Educators Credit Union?
It always pays to first compare rates between different credit unions and banks before you sign on the dotted line. If you have access to a credit union, you can often get a much better rate.