Financial education is a cornerstone of the credit union’s approach. Upon opening an account, new members maybe eligible to receive a $500 credit card along with comprehensive guidance on how to use their credit responsibly.

Financial education is a cornerstone of the credit union’s approach. Upon opening an account, new members maybe eligible to receive a $500 credit card along with comprehensive guidance on how to use their credit responsibly.

New citizens find financial inclusivity with Peninsula Credit Union

Navigating new systems and cultures can be challenging; the right services make all the difference

With a commitment to inclusion and trust in financial services, Peninsula Credit Union has become a premier banking option for new citizens who may feel uneasy or lack a safe place to conduct banking transactions.

The local credit union extends membership eligibility to anyone living, working, studying or worshiping in the five counties spanning Port Townsend to Shelton, WA. Family members of those individuals are also welcome, notes Darla Kolbas, Lending Director at Peninsula Credit Union.

“We’re really proud to say that we offer all of our banking services to everybody. Whether members possess a Social Security Number or an Individual Taxpayer Identification Number, they’re provided with equal access to loan products without facing higher rates or down payments.”

This practice, established in March 2023, reflects the credit union’s commitment to supporting its community fairly.

Financial education is a cornerstone of the credit union’s approach. Upon opening an account, new members maybe eligible to receive a $500 credit card along with comprehensive guidance on how to use their credit responsibly.

“We make sure to provide financial education first because we want new citizens to succeed. We don’t want them to think, ‘Oh, it’s just $500 and they don’t have to pay it back,’” Kolbas says.

Peninsula’s services extend beyond basic banking. Members have access to various loan options, including personal loans, auto loans, land loans, construction loans and first mortgages. These services are offered equally to all members, fostering a sense of trust and accessibility.

“I believe that understanding the reasons behind their concerns and offering empathy has fostered trust with our clients. Once they trust us, their fears dissipate.”

Kolbas’s personal connection to this service runs deep.

“Coming from a mother who is an immigrant, it means everything to me because these are people at the end of the day. They’re human, they’re hard-working folks, and if we can be a helping hand in that aspect for them, it makes our job even that much more fulfilling.”

By fostering trust and providing essential services to all members, Peninsula Credit Union’s efforts demonstrate how financial institutions can play a pivotal role in supporting new citizens, offering them the tools and education they need to build a secure financial future.

To learn more about the financial services available, Kolbas encourages those interested to schedule a consultation at their local Peninsula Credit Union Branch and stay updated on Facebook.

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. does not accept liability for any loss or damages caused by the use of any products, nor do we endorse any products posted in our Marketplace.

More in Local Marketplace

The Squatchcon Festival runs from April 10 to 13. Photo by Nora Pitaro/Squatchcon Comic & Arts Convention.
Squatchcon comic arts convention 2025 brings Bigfoot-sized fun to Port Angeles

Early bird tickets now available for the Olympic Peninsula’s favorite comic and arts convention

Harper-Ridgeview Funeral Home extends its care to families beyond funeral services by offering a variety of grief support resources. Each family is provided with a detailed packet of local grief services, including information about the Volunteer Hospice of Clallam County.
Navigating grief with empathy and support

Harper-Ridgeview Funeral Home offers personalized support for grieving families.

Navigating healthcare coverage can be overwhelming, but help is available. Sarah Wright photo
5 tips to help you choose the right insurance during open enrollment

This open enrollment season, make sure you’re covered

Home equity is a valuable financial asset that can be leveraged for various purposes, but it’s essential to borrow wisely and understand the risks involved. Courtesy First Fed
How to calculate your home equity

When you own a home, understanding your home equity is crucial, as… Continue reading

Port Angeles’ Quimper Mercantile is celebrating its 12th birthday on Oct. 12, and marking the occasion with its annual anniversary sale. Quimper Mercantile photo
This store’s anniversary sale is a celebration of community and self-reliance

Quimper Mercantile’s anniversary sale, Oct. 12 to 14, celebrates how Port Townsend turned a retail challenge into a local triumph

Licensed Funeral Director Mark Gustafson emphasizes the importance of taking proactive steps – considering the options available and starting a pre-arranged funeral plan with a local funeral home well in advance.
Harper Ridgeview Funeral Home recommends advance funeral planning amid rising costs

Advance planning protects your family from rising inflation rates.

Community Outreach by the NOHN team. (Photo courtesy of NOHN)
Holistic care through North Olympic Healthcare Network

The North Olympic Healthcare Network (NOHN) stands as a testament to the… Continue reading

Cantus presents Mountain Nights, Oct. 20, at the First Presbyterian Church in Port Townsend. Nate Ryan photo.
Cantus presents Mountain Nights – A spectacular choral performance in Port Townsend

Join us for a breathtaking musical journey as Cantus, the renowned male… Continue reading

Field Hall is a space for the arts and culture scene of Port Angeles. Photo courtesy of Field Hall.
Field Arts Events Hall offers insight into planned giving

Workshops aim to empower the community with legacy-building tools

Merz Trio: Amy Yang, Brigid Coleridge and Julia Yang. Courtesy Centrum
Centrum unveils 2024-25 Chamber Music Series: A Suite of Excellence

Tickets for Centrum’s 2024-25 Chamber Music Series go on sale on Oct. 1

Sequim Valley Chapel supports families beyond the funeral arrangements with a range of grief support services.
Navigating loss with compassion and care

Sequim Valley Chapel offers personalized support for grieving families.

Back to school money management. Courtesy First Fed
Money management tips for teens

Managing money effectively is important for everyone, especially teens who are just… Continue reading