Become a Member

How to Switch Your Bank Account to Peoples Credit Union

 

Perhaps you’ve heard how great Peoples Credit Union’s services are, how much lower or virtually non-existent our fees are, and how we traditionally offer much better interest rates than banks. But the idea of moving your accounts from your current bank sounds daunting. Well, it’s really not that hard. Follow these simple steps to switch to Peoples Credit Union and start reaping the benefits of membership:

  1. Easily apply online using our membership form below or you can visit or call either of our convenient locations in Springfield or Lamar

  2. Open a new account at the credit union. You’ll need:

    • A form of identification, like a driver’s license, passport, or state ID, as well as provide your Social Security number

    • A check or cash to deposit into the new account.

  3. Get a list of products or services that Peoples Credit Union offers. Sign up for a debit and/or credit card, and set up both your secure access to our PCU online banking and mobile banking app.

  4. Link your bank account to your Peoples Credit Union account. This will make transferring money easier. This can be done once you have signed up with our online banking feature which is available via our website www.peoples-cu.com. If you need help, simply call or stop in to have one of our knowledgeable staff members to help you set this up.

  5. Switch your direct deposit and automatic bill payments to your Peoples Credit Union account. Ask us for our ‘Switch Kit’ to make the change even easier.

  6. Make sure to leave enough money in your current bank account to cover any outstanding checks or automatic payments.

  7. Once your direct deposits and automatic payments are coming and going through Peoples Credit Union and the last of your bank checks have cleared, close your bank account. Then, explore the ways Peoples Credit Union can help your money go further!

Advantages of Becoming a Member

Credit union vs bank

  • Credit unions are member owned - Banks are shareholder owned

  • Credit unions are ‘Not for Profit’ - Banks are profit driven

  • Credit Unions typically have fewer fees - Banks have more fees for more profit

  • Credit Unions are known to have lower loan interest rates - Banks are usually higher

  • Credit Unions typically offer higher earnings on deposit accounts while banks traditionally offer lower deposit earning’s rates