Spokane Teachers Credit Union is located in Liberty Lake and is the fourth largest credit union in Washington. Established in 1934, it is also the 74th largest credit union in the nation and it has only grown with time. Its savings rates are comparatively high and it has an A+ health rating. 

The membership is open to those who work, reside, attend school, or worship in Washington or the Northern Idaho countries. Even those related by marriage, blood, or adoption to an individual who meets the eligibility requirements can qualify for membership. Additionally, employees of any of the Community Business Partners of the Credit union are also eligible.

A margin call happens when the value of a margin account goes below the maintenance margin requirement of the account

The credit union is transparent and it can be good and bad for the consumers. If you are thinking about picking STCU, here are a few reasons why you should choose Spokane Teachers Credit Union.

Membership perks

The biggest advantage of the credit union membership is beyond the financial services, you also receive special discounts to different local attractions and events. It includes the STCU Member days at Mobius Science Center and the Children’s Museum, STCU Best of Broadway performances, Family Day at the Northwest Museum of Arts and Culture, and National Geographic Live events at the First Interstate Center for Arts. 

One-time fee

If you want to become a member at the Spokane Teachers Credit Union, you have to pay a one-time membership fee of $10. It is $5 for post-secondary students who are older than 18. If you are employed in the field of education and are younger than 18, the fee is waived. 

Dividend Checking with competitive rates

A positive side of STCU is that you will find dividend checking with competitive rates on the low balances. Additionally, you will get First5 Savings which will give you the best dividend rates on the first $500 you save. 

Free checking account

You can open a free checking account and get a free debit card for purchases online and at the store. It will also give access to several surcharge-free ATMs across the nation.

Access on the go

You can access the account from anywhere using online banking. All you need to do is log into online banking and check the account balances, or transfer funds and pay bills. It also has a mobile app where you can do banking from anywhere.

Get online statements

You can keep the confidential monthly statements out of the mailbox and keep them secure on your phone or a password protected computer. 

Direct Deposit

You can get the money instantly and avoid a trip to the branch location by asking the mutual fund, boss, or the government agency to deposit the dividends or earnings to the STCU account. 

Additional perks of picking Spokane Teachers Credit Union

  • No membership fee for employed educators,
  • Supports kids, arts, schools, and financial education, 
  • Good rates with minimal fees,
  • Free checking accounts and debit cards,
  • Access to surcharge-free ATMs,
  • A free mobile app,
  • Online banking,
  • Discounts on shows and special events,
  • Home loans in Idaho, Oregon, and Washington,
  • Free financial education and online advice,
  • Keeps your money safe with federally insured deposits,
  • Employs investment advisors for long term financial planning,
  • Helps business owners succeed with the right business and commercial services. 

It can be rightly concluded that pursuing a relationship with STCU will be based on what you are looking for. You can work with small amounts of liquid cash and put it in the deposit account with STCU. You will always find at least one account that works for your benefit. STCU is the best place to start saving for our financial goals. 

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