Credit unions in North Dakota

Credit union: In the state of North Dakota, there are 35 credit unions that operate over 100 active branch offices for their members. Those offices serve the 230,000+ North Dakota residents who use cooperatives for their banking needs. Close to 1/3 of the state’s residents get their banking services from a credit union. The largest credit union in the state is First Community Credit Union. Over 44,000 residents belong to this cooperative. First Community has been serving its community since 1939 and is a community-based cooperative. 

Like the case is in any state, to join a cooperative, you must meet their membership requirements. There are several credit unions who offer membership based on your profession or where you work, like teachers. There are others, however, that are community-based organizations. These credit unions help serve the rural areas of the state that are overlooked by traditional banking institutions.  

Car insurance: North Dakota drivers pay well below the national average for car insurance. Rates are at least 13% lower for drivers in the state. Just because premiums are already low, that doesn’t mean you shouldn’t be on the lookout for a better deal. Saving money when you can is always a good idea!

North Dakota credit unions do not underwrite their own policies. To provide discounted plans to their members, they have partnered with local, regional, and national companies to offer policies to their members. These companies offer discounts on many types of insurance products, not just auto insurance. Several work with TruStage, a well-known national company. They work with credit unions all across the country to provide this service to their members. 

Drivers are required to have car insurance in North Dakota. A policy that meets state requirements will cover bodily injury, uninsured driver coverage, and property damage liability.