When moving out of state, it’s important to make sure you establish a new credit union as soon as you arrive. It’s also a good idea to ensure your current credit union is aware of the move and will let you take your accounts with you. Credit union service is based on your employment, residency, or membership location. If you’re moving to a state that doesn’t allow credit unions, you’ll want to ensure that your current credit union will let you get your funds before moving. Here are tips for choosing a new credit union when moving out of state.
Research Your Options
There may be more credit unions in your new state than you realize. NACUSO, the National Association of State Credit Union Supervisors, is a good place to start looking for credit unions in states where you’ll be moving to. You can also use the Federal Deposit Insurance Corporation’s website to look up state credit unions.
Check Out the Credit Unions in Your New State
If you find a credit union in your new state, check with them about their membership requirements. You don’t want to waste time applying for membership when you’re ready to start banking with them. For instance, when moving to Denver, you can check a place like Credit Union of Denver to see what they offer.
Communicate With Your Current Credit Union
Work with your current credit union before you leave to make sure that your account can be transferred to the new state and that you will maintain good communication once you arrive in the new state. Updated billing addresses, contact information, and updated password information should all be provided to the credit union.
Update Your Records and Verify Your Identity
If you’re moving out of state, you’ll need to update your Federal Identification number (not your Social Security number). You’ll also want to ensure you’ve notified the credit union where you’ve moved. This will ensure that you have full access to your account and any funds deposited.
Be Careful What You Discard
Always shred or tear up documents before discarding them to ensure your personal information doesn’t get into the wrong hands. Information including Social Security numbers, bank account numbers, and birthdates should never be thrown away without first being destroyed. This will help you keep your information safe from identity theft.
When moving out of state, it’s important to take the time to look into a new credit union and update your current one about your move. You can make the transition easier by updating your address and ensuring you have contact information for your current and new credit union.
About the author:
Emma is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2