Question: Is the Santa Barbara County Federal Credit Union just a savings institution?

Answer: By no means! The Credit Union is a full-service banking institution, backed by the National Credit Union Administration. In addition to its savings opportunities, the Credit Union offers free checking, monthly dividends, IRAs, credit cards, free ATM use, and complete lending services at highly competitive rates.

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Question: Who can become a Credit Union sponsor?

Answer: Any business owner or CEO of a business located in Santa Barbara County.  Associations, religious groups, labor unions and other organizations in Santa Barbara County are eligible for sponsorship.

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Question: What are the benefits of Credit Union sponsorship?

Answer: By becoming a sponsor, an employer is able to offer Credit Union membership to his/her employees. A member may qualify to open a checking account, acquire a credit card, obtain a loan at competitive rates, and/or take advantage of special opportunities offered each month – like skipping a credit card payment at Christmas time. (And yes, the sponsor may also become a member.)

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Question: What are the costs and requirements?

Answer: There is absolutely no cost involved in becoming a sponsor. Sponsors and their employees may become Credit Union members if they so  choose. Membership may begin with a $6 deposit in order to enjoy all of the benefits inherent in membership.

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Question: How do I join?

Answer: Becoming a sponsor of the Santa Barbara County Federal Credit Union is easy. Potential sponsors should fill out and submit an application which can be downloaded on the link below.  Sponsors are notified upon board and NCUA approval.

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