Grow Financial Federal Credit Union is a not-for-profit financial cooperative owned by its members. Founded in 1952, Grow Financial is headquartered in Tampa, Florida, and serves more than 500,000 members in the Tampa Bay area and beyond.
As a credit union, Grow Financial is committed to providing its members with affordable financial products and services, including checking and savings accounts, loans, and investment services. Grow Financial also offers a variety of financial education programs and resources to help its members make informed financial decisions.
Grow Financial is a strong supporter of the Tampa Bay community, and it is actively involved in a variety of local organizations and initiatives. The credit union is also a leader in the financial industry, and it has been recognized for its innovative products and services.
Grow Financial Federal Credit Union
Grow Financial Federal Credit Union is a not-for-profit financial cooperative owned by its members. Founded in 1952, Grow Financial offers a variety of financial products and services to its members, including checking and savings accounts, loans, and investment services.
- Financial services: Grow Financial offers a wide range of financial services to its members, including checking and savings accounts, loans, and investment services.
- Not-for-profit: Grow Financial is a not-for-profit financial cooperative, meaning that it is owned by its members and any profits are reinvested back into the credit union.
- Member-owned: Grow Financial is owned by its members, which means that they have a say in how the credit union is run.
- Community-focused: Grow Financial is actively involved in the Tampa Bay community, and it supports a variety of local organizations and initiatives.
- Innovative: Grow Financial is a leader in the financial industry, and it has been recognized for its innovative products and services.
- Trusted: Grow Financial has been serving the Tampa Bay community for over 70 years, and it is a trusted financial institution.
- Convenient: Grow Financial has a network of branches and ATMs throughout the Tampa Bay area, making it convenient for members to access their accounts.
- Affordable: Grow Financial offers its members affordable financial products and services, including low interest rates on loans and high interest rates on savings accounts.
These are just a few of the key aspects of Grow Financial Federal Credit Union. Grow Financial is a strong and stable financial institution that is committed to providing its members with the best possible financial products and services.
1. Financial services
Financial services are the core of Grow Financial Federal Credit Union. The credit union offers a wide range of financial products and services to its members, including checking and savings accounts, loans, and investment services. These services are designed to meet the needs of members at every stage of their financial lives.
For example, Grow Financial offers a variety of checking and savings accounts to meet the needs of its members. These accounts offer competitive interest rates and low fees. Grow Financial also offers a variety of loans, including auto loans, personal loans, and mortgages. These loans are designed to help members finance their goals, such as buying a car, consolidating debt, or purchasing a home.
In addition to checking and savings accounts and loans, Grow Financial also offers a variety of investment services. These services include investment advice, retirement planning, and estate planning. Grow Financial's investment services are designed to help members grow their wealth and achieve their financial goals.
The financial services offered by Grow Financial Federal Credit Union are essential to the credit union's mission of helping its members achieve financial success. By providing a wide range of financial products and services, Grow Financial helps its members meet their financial needs and achieve their financial goals.
2. Not-for-profit
Grow Financial Federal Credit Union is a not-for-profit financial cooperative, meaning that it is owned by its members and any profits are reinvested back into the credit union. This sets Grow Financial apart from for-profit banks and credit unions, which are owned by shareholders and distribute profits to them.
- Ownership: As a not-for-profit financial cooperative, Grow Financial is owned by its members. This means that the credit union is controlled by its members, not by outside shareholders. This gives members a say in how the credit union is run and ensures that the credit union's profits are used to benefit members, not shareholders.
- Profits: Any profits that Grow Financial earns are reinvested back into the credit union. This allows Grow Financial to offer lower interest rates on loans, higher interest rates on savings accounts, and lower fees. It also allows Grow Financial to invest in new products and services that benefit members.
- Mission: Grow Financial's not-for-profit status means that its mission is to serve its members, not to make a profit. This is reflected in everything that Grow Financial does, from the products and services it offers to the way it treats its members.
Grow Financial's not-for-profit status is one of the things that makes it a unique and valuable financial institution. By being owned by its members and reinvesting its profits back into the credit union, Grow Financial is able to provide its members with the best possible financial products and services.
3. Member-owned
Grow Financial Federal Credit Union is a member-owned financial cooperative. This means that the credit union is owned by its members, not by outside shareholders. This gives members a say in how the credit union is run and ensures that the credit union's profits are used to benefit members, not shareholders.
There are several important benefits to being a member-owned credit union. First, members have a say in how the credit union is run. This is done through the credit union's board of directors, which is elected by the members. The board of directors sets the credit union's policies and oversees its operations.
Second, member-owned credit unions typically offer lower interest rates on loans and higher interest rates on savings accounts than for-profit banks and credit unions. This is because member-owned credit unions are not motivated by profit, so they can pass on the savings to their members.
Third, member-owned credit unions are more likely to offer a wider range of financial products and services than for-profit banks and credit unions. This is because member-owned credit unions are focused on meeting the needs of their members, not on making a profit.
Overall, there are many benefits to being a member of a member-owned credit union like Grow Financial Federal Credit Union. Members have a say in how the credit union is run, they benefit from lower interest rates on loans and higher interest rates on savings accounts, and they have access to a wider range of financial products and services.
4. Community-focused
Grow Financial Federal Credit Union is a community-focused financial institution that is committed to giving back to the Tampa Bay community. The credit union supports a variety of local organizations and initiatives, including:
- Education: Grow Financial supports a variety of educational programs and initiatives, including scholarships, financial literacy programs, and school supplies drives.
- Financial literacy: Grow Financial offers a variety of financial literacy programs and resources to help members make informed financial decisions.
- Community development: Grow Financial supports a variety of community development initiatives, including affordable housing programs, small business loans, and community improvement projects.
- Arts and culture: Grow Financial supports a variety of arts and culture organizations and initiatives, including museums, theaters, and music festivals.
Grow Financial's community involvement is a reflection of its commitment to the Tampa Bay community. By supporting local organizations and initiatives, Grow Financial is helping to make the Tampa Bay community a better place to live, work, and raise a family.
5. Innovative
Grow Financial Federal Credit Union is a leader in the financial industry, and it has been recognized for its innovative products and services. This is due in part to the credit union's commitment to:
- Understanding the needs of its members: Grow Financial conducts extensive research to understand the needs of its members. This research helps the credit union develop products and services that meet the unique needs of its members.
- Investing in technology: Grow Financial invests heavily in technology to provide its members with the latest and most innovative financial products and services. For example, Grow Financial was one of the first credit unions to offer mobile banking and online banking.
- Partnering with other organizations: Grow Financial partners with other organizations to provide its members with access to a wider range of products and services. For example, Grow Financial partners with a variety of financial technology companies to offer its members access to the latest financial products and services.
- Being open to new ideas: Grow Financial is always open to new ideas. The credit union encourages its employees to think creatively and to come up with new ideas for products and services.
Grow Financial's commitment to innovation has resulted in a number of innovative products and services, including:
- Grow Financial's mobile banking app: Grow Financial's mobile banking app allows members to bank on the go. The app offers a variety of features, including mobile check deposit, bill pay, and account alerts.
- Grow Financial's online banking platform: Grow Financial's online banking platform allows members to bank from anywhere with an internet connection. The platform offers a variety of features, including online bill pay, account statements, and tax documents.
- Grow Financial's rewards program: Grow Financial's rewards program allows members to earn points on their everyday purchases. These points can be redeemed for cash back, travel rewards, or merchandise.
Grow Financial's commitment to innovation has helped the credit union to become a leader in the financial industry. The credit union's innovative products and services have helped to attract new members and retain existing members.
6. Trusted
Grow Financial Federal Credit Union has been serving the Tampa Bay community for over 70 years. This has given the credit union the opportunity to build a strong reputation for trust and reliability. Members know that Grow Financial is a safe place to save their money and borrow money when they need it.
There are several reasons why Grow Financial is a trusted financial institution. First, the credit union is regulated by the National Credit Union Administration (NCUA), a federal agency that ensures the safety and soundness of credit unions. Second, Grow Financial has a strong capital position, which means that it has the financial resources to weather economic downturns.
In addition to its strong financial position, Grow Financial is also committed to providing its members with excellent customer service. The credit union's employees are friendly and helpful, and they are always willing to go the extra mile to help members with their financial needs.
As a result of its long history of service to the Tampa Bay community, its strong financial position, and its commitment to excellent customer service, Grow Financial is a trusted financial institution. Members know that they can count on Grow Financial to provide them with the financial products and services they need to achieve their financial goals.
7. Convenient
Grow Financial Federal Credit Union's network of branches and ATMs throughout the Tampa Bay area is a key part of what makes the credit union convenient for its members. With over 20 branches and 50 ATMs, Grow Financial makes it easy for members to access their accounts and conduct their banking business.
- Convenience: Grow Financial's network of branches and ATMs makes it convenient for members to access their accounts and conduct their banking business. Members can deposit checks, withdraw cash, and transfer funds at any of Grow Financial's branches or ATMs.
- Accessibility: Grow Financial's branches and ATMs are located throughout the Tampa Bay area, making them easy to access for members. This is especially important for members who live or work in rural areas or who do not have access to transportation.
- Security: Grow Financial's branches and ATMs are secure, and the credit union takes a number of steps to protect its members' information and money. This includes using video surveillance, security guards, and encryption technology.
- Customer service: Grow Financial's employees are friendly and helpful, and they are always willing to go the extra mile to help members with their banking needs. This includes providing financial advice, helping members open accounts, and resolving any issues that members may have.
Grow Financial's network of branches and ATMs is a valuable asset to the credit union's members. It makes it convenient for members to access their accounts and conduct their banking business, and it provides them with a safe and secure place to do so.
8. Affordable
Grow Financial Federal Credit Union is a not-for-profit financial cooperative owned by its members. This means that Grow Financial is committed to providing its members with affordable financial products and services, rather than maximizing profits for shareholders. As a result, Grow Financial offers its members low interest rates on loans and high interest rates on savings accounts.
Low interest rates on loans can save members money on their monthly payments and help them to pay off their debts faster. High interest rates on savings accounts can help members to grow their savings faster and reach their financial goals sooner.
The following are some examples of how Grow Financial's affordable financial products and services have helped its members:
- A member who took out a $10,000 loan from Grow Financial at a 5% interest rate saved over $1,000 in interest compared to if they had taken out the same loan from a bank at a 10% interest rate.
- A member who opened a savings account with Grow Financial at a 2% interest rate earned over $200 in interest over the past year, compared to if they had opened the same account with a bank at a 0.01% interest rate.
These are just a few examples of how Grow Financial's affordable financial products and services can help its members to save money and reach their financial goals.
In conclusion, Grow Financial's commitment to providing its members with affordable financial products and services is a key part of what makes the credit union a valuable resource for its members.
Frequently Asked Questions about Grow Financial Federal Credit Union
Grow Financial Federal Credit Union is a not-for-profit financial cooperative owned by its members. The credit union offers a variety of financial products and services, including checking and savings accounts, loans, and investment services. Grow Financial is committed to providing its members with affordable financial products and services, and it is a trusted financial institution in the Tampa Bay community.
Question 1: What is a credit union?
Answer: A credit union is a not-for-profit financial cooperative owned by its members. This means that the credit union is not owned by shareholders, and any profits that the credit union earns are reinvested back into the credit union to benefit its members.
Question 2: What are the benefits of joining Grow Financial Federal Credit Union?
Answer: There are many benefits to joining Grow Financial Federal Credit Union. Some of the benefits include:
- Lower interest rates on loans
- Higher interest rates on savings accounts
- Lower fees
- A wider range of financial products and services
- Access to financial education and counseling
Question 3: Is Grow Financial Federal Credit Union a safe place to save my money?
Answer: Yes, Grow Financial Federal Credit Union is a safe place to save your money. The credit union is regulated by the National Credit Union Administration (NCUA), a federal agency that insures deposits up to $250,000.
Question 4: How do I become a member of Grow Financial Federal Credit Union?
Answer: To become a member of Grow Financial Federal Credit Union, you must live, work, worship, or attend school in the Tampa Bay area. You can also become a member if you are an immediate family member of a current Grow Financial member.
Question 5: What are the different types of accounts that Grow Financial Federal Credit Union offers?
Answer: Grow Financial Federal Credit Union offers a variety of accounts, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The credit union also offers a variety of loan products, including auto loans, personal loans, and mortgages.
Question 6: How do I contact Grow Financial Federal Credit Union?
Answer: You can contact Grow Financial Federal Credit Union by phone at (813) 879-7800 or by visiting the credit union's website at www.growfinancial.org.
These are just a few of the frequently asked questions about Grow Financial Federal Credit Union. If you have any other questions, please feel free to contact the credit union.
Grow Financial Federal Credit Union is a valuable resource for the Tampa Bay community. The credit union offers a variety of affordable financial products and services, and it is a safe and trusted financial institution.
To learn more about Grow Financial Federal Credit Union, visit the credit union's website at www.growfinancial.org.
Grow Financial Federal Credit Union
Grow Financial Federal Credit Union is a not-for-profit financial cooperative that serves the Tampa Bay community. As a credit union, Grow Financial is committed to providing its members with affordable financial products and services, financial education, and personalized service.
Here are a few tips from Grow Financial to help you manage your finances:
Tip 1: Create a budget
A budget is a plan for how you will spend your money each month. Creating a budget can help you track your income and expenses, and make sure that you are not spending more money than you earn. There are many different ways to create a budget, so find one that works for you and stick to it.
Tip 2: Save money regularly
Saving money is important for financial security. Even if you can only save a small amount each month, it will add up over time. There are many different ways to save money, such as setting up a savings account, contributing to a retirement account, or investing in stocks or bonds.
Tip 3: Use credit wisely
Credit can be a helpful tool, but it is important to use it wisely. Only borrow money that you can afford to repay, and make sure to pay your bills on time. If you have too much debt, it can damage your credit score and make it difficult to get a loan in the future.
Tip 4: Get financial advice
If you need help managing your finances, there are many resources available to you. You can talk to a financial advisor, read books or articles about personal finance, or take a financial literacy class. Getting financial advice can help you make informed decisions about your money and reach your financial goals.
Tip 5: Be aware of scams
There are many scams that target people who are trying to manage their finances. Be careful about giving out your personal information, and never send money to someone you don't know. If you are unsure about whether or not something is a scam, contact your financial institution or the police.
By following these tips, you can improve your financial health and reach your financial goals.
Grow Financial Federal Credit Union is a valuable resource for the Tampa Bay community. The credit union offers a variety of affordable financial products and services, and financial education. To learn more about Grow Financial Federal Credit Union, visit the credit union's website at www.growfinancial.org.
Conclusion
Grow Financial Federal Credit Union is a trusted financial institution that has been serving the Tampa Bay community for over 70 years. The credit union offers a wide range of financial products and services, including checking and savings accounts, loans, and investment services. Grow Financial is committed to providing its members with affordable financial products and services, and it is a strong supporter of the Tampa Bay community. The credit union offers a variety of financial education programs and resources to help its members make informed financial decisions and improve their financial well-being.
If you are looking for a safe and trusted financial institution, Grow Financial Federal Credit Union is a great option. The credit union offers a variety of financial products and services to meet your needs, and it is committed to providing its members with excellent customer service. To learn more about Grow Financial Federal Credit Union, visit the credit union's website at www.growfinancial.org.
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