Credit unions not only offer the beneficial perks of practically little to no fees, low APRs and membership involvement, but they teach you how to be smart with your money. If you’re not the brightest bulb in the building as far as financial savviness is concerned, don’t sweat it. Today’s world is financially threatened by... read more
The National Credit Union Administration (NCUA) submitted analyzed data stating that the first quarter of 2012 showed significant improvements for credit unions. NCUA Board Chairman Debbie Matz stated, “The credit union industry reached important milestones in late March.” This is because credit union assets topped $1 trillion, thus allowing credit unions to supply loans to... read more
Banks Under Fire by the FDIC More than a 100 complaints from depositors have flooded the offices of the Federal Deposit Insurance Corporation (FDIC) as callers protest being charged for fees issued by banks. The banks are charging customers alleged “FDIC fees” for deposit insurance assessments. According to the Credit Union Times, the FDIC has... read more
The Better Business Bureau (BBB) recently stated that opening a Christmas Club account this year with your credit union can help prevent financial debt during the holidays. They advise that a Christmas Club account is a good way to start saving money so that you can enjoy the holidays with gifts, celebrations, and any other... read more
Credit Unions Are Keeping It Cool Recent reports show that members of credit unions are benefiting from having chosen to be a member of a credit union rather than being a customer of a financial banking institution. A surge in positive outlooks has made credit unions more popular. Reports include an increase in loan approvals... read more
Banks Are On the Losing End Banks with unsatisfied customers are now becoming a trend. A Javelin Strategy and Research report stated that banks like Wells Fargo, Chase and Bank of America are at high risk of losing customers. In March 2012, 11 percent of people surveyed rated the likeliness of transferring their funds to... read more
Credit Unions and Scholarships Recently, a prominent federal credit union awarded thousands of dollars in scholarships to high school seniors. These students will be going to college with a little load off of their shoulders, knowing their student loans will not be as burdensome. Credit unions are known for being benefactors of community outreach programs.... read more
Why you should join a credit union Credit unions are similar to banks, and for this reason, many people may mistake a credit union for another typical bank. The truth is, however, a credit union differs from a bank, and these differences can benefit you and your family. A credit union is a non-profit, cooperative... read more
Moms Without Credit Cards Recently, light has been shed on stay-at-home moms who are unable to obtain credit cards. Though many of these women are living financially secure lifestyles, major credit card companies are denying unemployed people credit cards, regardless of an impressive credit score or past credit card history. The Card Act Rule that... read more
The Washington post recently reported that credit unions have reached their highest peak in the last five years. This is big news, especially after protesting what has taken place on Wall Street. With $11.2 billion in loans through credit unions in the last years, there has been a corresponding jump in credit union membership. This... read more
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