Are Credit Unions Crypto-Friendly?
Credit unions have been traditionally more conservative than banks when it comes to new technology, but that may be changing. Most Credit Unions are now crypto-friendly financial institutions in the United States that allow you to invest in Bitcoin and other digital assets.
The only relevant policy is that customers must use platforms that are licensed by FINRA and the SEC in the US. This means customers are ultimately safe to transfer funds from their Credit Union account to regulated brokers in the country.
How to Buy Crypto with a Credit Union
As mentioned above, the best way to buy digital assets with a Credit Union account is through a regulated broker like eToro. That said, the process of buying crypto using your Credit Union account is quite simple and can be done in a few steps:
- Step 1: Visit the eToro US investing platform and sign up.
- Step 2: Deposit USD by selecting the 'Deposit Funds' button. You can transfer USD via Bank Transfer, Debit Card or Credit Card from your Credit Union account.
- Step 3: Once the USD lands in your account, find the Crypto or other asset you want to buy on eToro.
- Step 4: Input the dollar amount you want to invest and execute your trade.

Fees to Buy Crypto with a Credit Union
The main fee you need to be aware of when buying digital assets with your Credit Union account is the broker commission. eToro is one of the most competitively priced brokers in the US, with a 0.5% spread on crypto trades.
There are also other smaller costs associated with buying cryptocurrencies like network fees and the bid-ask spread. However, these are typically much smaller than the broker commission and can be negligible depending on the size of your trade.
About Credit Unions in the US
A Credit Union is a type of financial institution that is owned and operated by its members. They are typically non-profit organizations that offer banking services to their customers at lower fees than traditional banks.
There are over 5,000 Credit Unions in the United States with over 100 million members. The two largest Credit Unions in the country are Navy Federal Credit Union and State Employees' Credit Union.

Navy Federal Credit Union is the largest Credit Union in the United States with over 8 million members and $91 billion in assets. They offer a wide variety of financial products and services including checking and savings accounts, personal loans, credit cards, and mortgages.
State Employees' Credit Union is the second largest Credit Union in the United States with over 2.5 million members and $39 billion in assets. They offer a wide variety of financial products and services including checking and savings accounts, personal loans, credit cards, and mortgages.