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River City Federal Credit Union Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 4 |
| Checking | 4.5 |
| Share certificate | 4 |
| Money market account | 3.75 |
| Trustworthiness | 5 |
| Total | 4.25 |
River City Federal Credit Union Pros and Cons
| Pros | Cons |
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River City Federal Credit Union Savings Account - Product Name Only Review
To become a member of River City, you'll need to open the
If you're looking for a high interest rate, the credit union's money market account or share certificates may be better options.
River City Federal Credit Union Simply Free Checking Account - Product Name Only Review
River City Federal Credit Union has a strong
River City Federal Credit Union Share Certificate - Product Name Only Review
River City's share certificates pay high interest rates. You only need
River City Federal Credit Union Money Market Account - Product Name Only Review
You may find the
If you would rather open an account with less money upfront, look at our best money market accounts guide for options.
About River City Federal Credit Union
River City Federal Credit Union is a Hispanic American-led credit union with five branches in San Antonio, Texas. It's also part of the Co-op Shared Network, so you have access to over 30,000 free ATMs.
You can join River City Federal Union if you live, work, or go to school in Bexar County. To become a member, you'll need to open a savings account with at least $5.
If you have questions about products or services, customer service is available 24/7 over the phone.
River City Federal Credit Union has good mobile app ratings. It received 4.7 out of 5 stars in the Apple Store and 4.8 out of 5 stars in the Google Play Store.
River City Federal Credit Union is federally insured by the NCUA. This means that you can deposit up to $250,000 in an individual account, and it will be secure.
Is River City Federal Credit Union Trustworthy?
River City Federal Credit Union hasn't gone through any recent public controversies.
We also use ratings from the Better Business Bureau to help indicate whether a credit union is trustworthy. River City Federal Credit Union received an A+ rating from the BBB.
A good BBB rating won't necessarily ensure that your relationship with the credit union will be perfect. You'll want to talk to friends and family if they are members of the credit union. Reading online customer reviews can also be useful.
The Role of Hispanic American-Led Financial Institutions
Racial discrimination and unfair lending practices— both historically and in recent times — have made it challenging for Hispanic American families to have opportunities to build wealth. Hispanic American financial institutions serve a vital role in addressing this banking gap by tackling barriers like language and access.
River City Credit Union is a Juntos Avanamos designated financial institution and community development financial institution. To receive these designations, a credit union must commit to serving everyone in the local community and meet specific criteria.
At River City Federal Credit Union, you can open a bank account without a US ID. You can use a permanent resident card, foreign passport, or Matricula Consular as a photo ID. If you don't speak English fluently, customer support is available in Spanish, too.
The credit union is involved with local community organizations, like YWCA of San Antonio and the San Antonio Housing Authority. Since 2018, River City has also begun awarding annual college scholarships to high school students.
River City Federal Credit Union FAQs
Where is River City Federal Credit Union located?
River City Federal Credit Union has five locations in San Antonio, Texas.
Is River City Federal Credit Union good to bank with?
River City Federal Credit Union may be a good option if you live in San Antonio, Texas, and want to bank with a local credit union. The financial institution has bank accounts with low minimum opening deposits and fees. You'll find more competitive savings rates through online banks, though.
What are the CD rates at River City Federal Credit Union?
River City Federal Credit Union has share certificates offering
Methodology: How we Reviewed River City Federal Credit Union
For our River City Federal Credit Union Review, used our bank account methodology to rate bank products and services.
For each type of bank account, we reviewed the bank's ethics, customer support, and mobile apps as set criteria. Other factors we'll consider depend on the specific account we're reviewing. For example, we look at interest rates for savings accounts and overdraft protection for checking accounts.
How River City Federal Credit Union Compares
River City Federal Credit Union vs. Falcon International Bank
Deciding between these two institutions may depend on whether you want to become part of a bank or a credit union.
To bank with a credit union, you'll need to become a member and meet specific criteria. At River City Federal Credit Union, you can join if you live, work, or go to school in Bexar County. Meanwhile, you don't have to fulfill any requirements to become part of Falcon International Bank — anyone can join.
If you don't have a preference when it comes to financial institutions, you'll want to see which institution best fits your goals.
Both banks have free checking and savings accounts. River City Federal Credit Union also has a free money market account, but Falcon International Bank charges a monthly fee on its account unless you reach certain balance requirements.
For certificates, it's a toss-up between Falcon International Bank or River City Federal Credit Union. Falcon International Bank offers the best range of CD terms if you're considering setting up a CD ladder. However, River City Federal Credit Union pays higher rates.
River City Federal Credit Union vs. Lone Star National Bank
Your choice between these two financial institutions may hinge on whether you meet the eligibility requirements to join River City Federal Credit Union. Membership is only open to people who live, work, or go to school in Bexar County. Lone Star National Bank will be your default option between the two if you don't qualify.
If you are able to join both financial institutions, you'll want to look at the differences between bank accounts to help you decide.
If you're searching for an institution with zero monthly service fees, River City Federal Credit Union will likely be more appealing. Both companies have a free checking account, but only River City Federal Credit Union has a free savings account. At Lone Star National Bank, you'll need to maintain a certain amount in your account to waive the monthly service fee.