Alltru Credit Union was previously known as the 1st Financial Federal Credit Union, which began as McDonnell Douglas Credit Union. As one of the leading credit unions in the US since 1968, their rebranding in 2020 helped them flourish more.
This firm specializes in following a different type of banking system to provide you with special financial assistance and guidance. Their mission – provide more service without calling it a charity or a profit-seeking business.
If you are interested in credit unions, then read this post till the end to learn about one of the best credit unions in the USA.
Alltru Credit Union Products
Here are the financial products offered by Alltru Credit Union:
1. Savings Accounts
Alltru CU provides its members with a high-interest savings account that is approximately 8 times more than other banks. Plus, they require no minimum balance to open!
The various types of savings accounts available are:
- High Yield Online Savings Accounts
- RollUp Savings Account
- Secondary Savings Account
- Holiday Savings
2. Checking Accounts
Alltru CU rewards you for various actions, like cash back, extra interest on savings, and ATM charge refunds.
You can open two checking accounts:
- TailorMade Checking Accounts
- Opportunity Checking Accounts
3. Money Market Accounts
Opening a Money Market Savings Account with Alltru Credit Union will help you get higher savings with higher interest rates. These rates are dependent on your account’s balance.
Benefits Of Being An Alltru CU Member
There are many reasons why you should be an Alltru CU member.
1. A Large Network Of Savings
Credit Unions are responsible for helping you save money from thousands of sources. With Alltru CU, you can become a member to avail various benefits from Love My Credit Union Rewards. These include:
- Discounted memberships with many shaping clubs.
- Save on your cellphone bills with data carriers and networks.
- Get huge benefits on any insurance policy.
- Get free tickets to theme parks and have lots of fun.
2. Insurance Savings
Insurance companies nowadays have become quote lot stingy with their interest rates. With an Alltru Credit Union membership, you can get rid of all that with lower interest rates. In the long run, this will help you save lots of money. Here, TruStage Insurance & Investments will help you take care of unusually high interest rates.
3. Free Credit Reports
Credit reports of people have become an important measurement tool to measure their creditworthiness. Seeing how creditworthy you are will help you understand your chances f getting credit, like loans from lenders.
Here, as a lender, Alltru Credit Union will provide you with a free credit report so that you can understand where you stand. Your credit report is good? Then you are n the clear. Your credit report is in the negative? Then you’ve got work to do, like returning money back faster.
How To Find Alltru Credit Union Near Me?
There is an easy way to find an Alltru Credit Union near me. All you need to do is:
- Visit the official website – Alltrucu.org.
- Scroll down its homepage to the bottom section called “We’re in your neighborhood.”
- Below it, there is an option called Find a location.
- Click on it to view all Alltru branches.
There are currently four Alltru credit union locations:
1. Hazelwood
Address: 5916 North Lindbergh Blvd., Hazelwood, MO 63042.
Contact: (636) 896 – 8213
2. St. Charles
Address: 1721 Zumbehl Road, St. Charles, MO 63303
Contact: (636) 916 – 8376
3. Downtown St. Louis
Address: 1407 Washington Avenue, St. Louis, MO 63103
Contact: (636) 896 – 8261
4. Wentzville
Address: 1232 Wentzville Parkway, Wentzville, MO 63385
Contact: (636) 916 – 8313
Alltru Credit Union Reviews: What Customers Have To Say?
Alltru Credit Union customer reviews have a lot to say about this firm.
Here’s a positive 5-star review by Katherine Oberon:
“I have been a member of 1st Financial (now Alltru CU) for 10 years. I currently have a Savings and Money Market account through them. They had better interest rates and fees than a lot of my other local credit unions, and I had been with them for many years with various other loans I had taken out through them. I have never had an issue with their customer service or wait times when I visited in-store or had to call in on the phone, that I can recall. They were always courteous and competent. They aren’t by any means the best-rated Credit Union in the area, but with the trust I have built with them over the years, they have treated me well since I have been a customer.”
Here’s a slightly mixed 3-star review by Andrew McNeil:
“My family just started using this credit union to credit a basic savings account. This account is just used for emergency situations. We got locked out of the account on the website. Their website is so out of date that we had to go into the bank to get a reset physically. This organization needs an overall of its online services, including password management. Other than the online issues, the bank itself is a friendly atmosphere, and all the bank representatives are nice and easy to work with. We could have started a savings account at a normal bank, but since the credit union has no fees, we chose this organization. Also, this organization does not have a mobile service, which is also negative.”
Frequently Asked Questions (FAQs):
Since Alltru Credit Union is a credit union, people have various queries regarding it. Here are my answers to some of their queries.
Ans: This credit union doesn’t have any specific owner. Instead, it’s owned by all the members of the firm. This is because it’s a non-profit financial cooperative organization. In return for dividends, Alltru provides its customers with various financial products and services.
Ans: Credit Unions are just as safe as most other banks. This is because all these credit unions have insurance provided by NCUA (National Credit Union Association).
Ans: Despite the number of great advantages credit unions have, they also have a few downsides too. The most noticeable downsides are:
• There is a higher barrier to entry to becoming a member of a credit union.
• The number of financial products and services provided by a credit union is way less than what’s provided by a bank.
Conclusion
Alltru Credit Union has made its name as one of the leading credit unions in the USA. With lots of financial products, high service value, and good customer care, they have made a good name for themselves in the money market. However, they have received some criticism for their poor digital and online services.
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