Don't have an account?
Polish & Slavic FCU Go to main content
Po polsku
Routing/ABA Number: 226082022
Online Banking 

Questions About Our Credit Union

Home > About Us > FAQs > Questions About Our Credit Union

Answers to Questions About Our Credit Union

What are the main differences between a credit union and a bank?
Credit Union Bank
Owned by its members Owned by shareholders
Profits are returned to its members Profits are returned to shareholders
Credit unions are subject to more restrictive regulations which prevent them from participating in riskier investments Banks are subject to less restrictions on investment types
Credit unions are not subject to most taxes Banks are subject to taxation
Credit unions are community oriented, that is why we speak Polish at P-SFUK! Banks lack ties with communities they serve – they rarely speak Polish
Deposits are insured by NCUSIF up to $250,000 Deposits are insured by FDIC up to $250,000
Our Credit Union offers better dividend rates and lower fees In general, banks charge higher fees
Our Credit Union fashions its products according to our members’ needs Since banks cater to the general population, banks offer standard products
How are products offered at our Credit Union different from those offered by banks?

Unlike large banks which charge increasingly high fees, our Credit Union offers not only products tailored to the specific needs of our members, but also offers more favorable dividednd rates on deposits and lower fees for services. In addition, all of our Credit Union products and services are offered in two languages: English and Polish.

How are fees charged by our Credit Union different from those charged by banks?

Our Credit Union’s checking account is offered free of charge. So is our Visa debit card. Meanwhile, banks are increasing their fees to recapture losses associated with the economic crisis, statutory reduction in interchange charges and low interest rates.

How did the Bank Transfer Day originate?

In the fall of 2011, Los Angeles shop owner, Kristen Christian, became annoyed by the high fees charged by the Bank of America and she decided not only to close her account and transfer to a credit union, but she also used Facebook to announce her decision to the whole world. In addition, she called on everyone to move their accounts from commercial banks to credit unions and small local banks by November 5th. In this way, she launched a powerful social movement and November 5th, 2011 became known as the Bank Transfer Day.

How to transfer my account to our Credit Union?

You may open an account at PSFCU electronically or by visiting one of our branches. Our existing members can use PSFCU-provided template forms to transfer their accounts at other institutions to PSFCU. The forms contain instructions for closing an account, as well as changing payment and direct deposit instructions. You must print, complete, and sign an appropriate form and deliver it to the applicable recipient.

Go to main navigation

Auto Loans
as low as



PSFCU VISA credit cards as low as


Mortgage Loans
as low as


Personal Loans
as low as