Applying for membership is free and requires as little as a $5 initial deposit once approved. We believe supporting our community starts with a fair fee schedule which is why we offer:

• No monthly maintenance fees

• No ATM fees*

• No foreign transaction fees

• Unlimited monthly transfers

We pride ourselves on transparency and trust. Click here to explore our full fee schedule.

*ATM provider may charge separate surcharge fees - visit one of our 30,000+ partner surcharge free ATMs to avoid this; debit-pin transactional fees may result from an ATM transaction after 20 pin monthly limit and are separate from ATM transaction fees

Reliance FCU has two main branches within the Greater Philadelphia area, however; we are apart of the Shared Branch Network extending access to your account nationwide. In partnership with local credit unions across the United States, we have over 30,000 shared branches and free ATMs.

Enter your zip code at SharedBranching.org to find the nearest Shared Branch or surcharge-free ATM near you.

Be prepared to present your membership number and photo ID with the local credit union participating in SharedBranching. We recommend calling the SharedBranch location prior to visiting to verify their system is working properly. Shared locations often limit transactions to basic deposit and withdrawals via check and cash,

Yes! Reliance FCU is insured by the NCUA. These share insurance coverage limits refer to the total of all shares that account owners have at each federally insured credit union.

• Single Ownership Accounts (owned by one person with no beneficiaries): $250,000 per member-owner

• Joint Ownership Accounts (two or more persons with no beneficiaries): $250,000 per owner (with the primary owner a member of the credit union)

• IRAs and Other Certain Retirement Accounts: $250,000 per member-owner

A credit union is a cooperative, not-for-profit financial institution. It is member-owned and controlled by a board of directors elected by the membership.

Credit unions offer the same type of products and services as many banks do, however; the rates are often much more generous. While banks have a responsibility of generating profits for shareholders, credit unions have a responsivity of

Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization.

The user of credit union services is also an owner and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire.

There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

The primary purpose of furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means.

Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

A credit union exists to serve a specific group of people, such as a group of employees or members of a professional or religious group. This is called a "field of membership." The field of membership may include where they live, where they work, or their membership in a social or economic group.