Welcome to 1st Advantage!

📚 Financial Literacy Month! APR vs. APY — they sound similar, but they mean very different things. Understanding the difference could save (or earn) you more money in the long run! We broke it down in a simple, easy-to-understand blog to help you feel more confident in your financial decisions. 🙌 🔗 https://hubs.la/Q03h-4Kd0 #FinancialLiteracyMonth #MoneyTips #APRvsAPY #FinancialWellness

We love helping our members (and future members!) get the answers they need. Here are three of the most common questions we hear: 1: What’s the difference between a credit union and a bank? Answer: Credit unions are not-for-profit financial institutions owned by their members. That means profits go back to you in the form of better rates, lower fees, and personalized service—not shareholders. We're built to serve our community, not make a profit off of it. 2: What are the qualifications to join? Answer: 1st Advantage membership is open to anyone who lives, works, worships, or attends school in Hampton Roads and parts of Richmond and North Carolina, and to any immediate family members of current 1st Advantage members. 3: Is my money safe in a credit union? Answer: Absolutely. Just like banks are insured by the FDIC, credit unions are insured by the NCUA (National Credit Union Administration) up to at least $250,000 per depositor. Your money is just as protected here—and it’s working harder for you, too. 🙋‍♀️ Got more questions? We’re just a call, click, or branch visit away. Let’s talk about how we can help you reach your financial goals. Learn more: https://hubs.la/Q03hZ5GH0

⭐⭐⭐⭐⭐ #MemberAdvantageMonday