Fairwinds is regulated under the authority of the National Credit Union Administration (NCUA) and has 178,000 members and assets of $2.1 billion….Fairwinds Credit Union.TypePrivateKey peopleLarry F. Tobin President & CEOProductsSavings; checking; consumer loans; mortgages; credit cards; online bankingTotal assetsUS$2.1 billion8 more rows
Is Fairwinds Credit Union federally insured?
Yes. FAIRWINDS is federally insured by the National Credit Union Administration much like a federally insured bank is insured by FDIC.
What makes Fairwinds Credit Union unique?
New Accounts As a member-owned, not-for-profit financial institution, FAIRWINDS’ mission is the financial well-being of our members. We achieve this by focusing on our member-owners through sound advice, competitive pricing, and innovative products and technology that help put you on the journey to financial freedom.
How do I close my Fairwinds Credit Union account?
Have your member number ready. Call FAIRWINDS at 407.277. 5045 or toll-free at 1.800. 443.6887.
What are the disadvantages of credit unions?
Limited accessibility. Credit unions tend to have fewer branches than traditional banks. A credit union may not be close to where you live or work, which could be a problem unless your credit union is part of a shared branch network and/or a large ATM network like Allpoint or MoneyPass. Not all credit unions are alike.Nov 5, 2021
Why use a credit union over a bank?
Credit unions typically offer lower fees, higher savings rates, and a more hands-and personalized approach to customer service to their members. In addition, credit unions may offer lower interest rates on loans. And, it may be easier to obtain a loan with a credit union than a larger impersonal bank.