Intro—BMI Federal Credit Union Reviews & Ranking
BMI Federal Credit Union was recently ranked and reviewed by AdvisoryHQ as a top-rated credit union. Firms on our top-rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our BMI Federal Credit Union review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The BMI Federal Credit Union review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of BMI Federal Credit Union.
BMI Federal Credit Union Review
BMI Federal Credit Union (BMI FCU) was formed in 1936 when a small group of members from Battelle Memorial Institute decided to band together to help each other get lower rates on loans and higher interest rates on savings. BMI FCU has grown and prospered over the years and now offers membership to anyone who lives, works, attends school, or worships in the Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow counties.
This best credit union operates on a mission to provide its members with high quality financial services and products that are competitive, convenient, and responsive to member needs. With more than $430 million in assets, BMI FCU is poised to continue serving the needs of their members for many generations to come.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed reviews, BMI Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
BMI Federal Credit Union Review: Auto2Save Program
BMI FCU’s Auto2Save Program is a great way to help members earn and save above market yields. With its exclusive Auto2Save program, members who open or transfer an auto loan to BMI FCU can earn the same yield on a certificate as they pay on their auto loan.
With each auto loan payment they make, members are able to add up to ten percent to a special Auto2Save Certificate. So if a scheduled loan payment is $300 a month, a member can pay up to $330 a month and have the additional $30 transferred to their Auto2Save Certificate, which will earn at the same interest rate that they pay on their auto loan.
This special savings program available at BMI FCU is a great way for members to systematically build up savings throughout the term of their auto loan.
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BMI Federal Credit Union Review: Change Jar
Another great way to help members save, BMI FCU’s Change Jar automatically rounds each debit card purchase up to the nearest dollar and transfers the extra change into a special high yield savings account.
BMI FCU is understands how hard saving money can be. That is why they designed their Change Jar program to be automatic and systematic, making it easy to save without much effort. As an added bonus, rounding each debit card purchase up can make it easier for members to balance their checking account.
BMI Federal Credit Union Review: Money Management Program
BMI FCU offers their award-winning Money Management Program to their members absolutely free. The program is designed to help all members, no matter where they are financially in their lives. As part of the program, members are able to consult with a free certified Financial Counselor and attend free workshops and seminars.
Money Management workshops and seminars are free and cover a multitude of topics, including:
- Buying a home
- Managing debt
- Saving for college
- Identity theft
- Buying a car
While many banks offer paid consultations with their Certified Financial Counselor, at BMI FCU, access to their Certified Financial Counselors is just one of the privileges of being a member.
BMI Federal Credit Union Review: Free Checking
BMI FCU offers a free checking account designed to suite everyone’s financial needs. With a free checking account from this top BMI FCU, members enjoy these benefits:
- No monthly fees
- No minimum balance requirements
- Free Visa debit card
- Unlimited check writing
- Free online banking
- Free mobile banking
- Free bill pay
- Overdraft Plus
In addition to reviewing the above BMI Federal Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top credit unions:
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.