Kemba stands for Kroger Employee Mutual Benefits Association. As the name suggests it was founded for the Kroger employees in 1933 and has benefited the people ever since.
The services of a credit union are quite similar to the traditional banking system, however taking a win over them by providing a low rate of interest. However, Kemba has modified its ways and also started a Digital Banking Platform compatible with desktop and mobile, so you can manage your accounts from anywhere with the ease of a click.
Who can join Kemba?
As we have discussed above, Kemba was founded for the Kroger employees. But that was in the year 1933. Kemba is open for wide avenues and anyone living in Southwestern Ohio and the Tri-state area can apply for membership. Even if one of the family members is already a part of it you can apply too.
One thing about the credit unions is that they aren’t there for profits, so the surplus money is distributed among the members unlike the traditional banks who are there for profits. However, they provide all the services of a bank be it loans, credit cards, debit cards, or an e-statement, they are there for you whenever you need money. Plus, you will get a higher rate on savings and a lower rate on loans. What else do you need from a bank?
How to find your account number?
Well, just like a bank it allows you to make payments by check, credit card, or debit card. But however, you will need an account number for that. Figuring out your account number is easy. If you like to do payments by check then you must have noticed numbers written at the bottom end of the check. The first 9 digit number at the bottom end is the routing number. The routing number helps identify the institution making the payment.
In the case of Kemba, it is 242076973. Just beside the routing number is your account number and besides that is the cheque number.
You can also find your account number by contacting the banking authorities. For that, you would need to call on their customer care or fill out a form conveying the problem.
Well, if the above method doesn’t work out for you, you can always go ahead and call customer care at 5137625070. And then you are all set for any queries you have.
Credit unions VS Traditional Banks
Well, credit unions definitely take a win over the traditional bank systems by the amount of flexibility they provide. The main difference between the two is the foundation they are laid upon. While banks are there to make profits, credit unions are just there to help you out. Consequently, the procedure will be much more simple than a bank.
Credit unions provide you all the services of a bank but if you wanna enjoy all the benefits, you need to pay a fee too as you are just not a customer but a member. However, you also get a surplus amount when the union gains a profit, unlike a bank. In terms of facilities and systems banks surely take a win as they are there to earn money and money goes to updating their system, unlike a credit union of course.
Conclusion
Now we have learnt How to find Kemba’s account number? Well, in terms of higher revenue and lower rates of interest in a loan, credit unions surely take a win. But to be a member you need to pay a membership fee too which is invested to run the union. However, all its functions resemble that of a bank and you will be able to make payments just like you do so with a bank. But the only difference here is the membership fee you need to pay. Credit unions are privately organized by a group of people so as a consequence it won’t be as digitized as a bank. But in terms of loans, they surely take a win over the traditional system.
Q. Does Kemba offer online banking?
Ans. Yes, it does and now you will be able to make payments from anywhere just at the ease of a click.
Q. How to find my account number?
Ans. You can either do it by the check. Your account number is written at the bottom of your check or you can contact customer care. You can also visit the nearest branch for the same.
