Affinity Federal Credit Union
Dover, NJ:
How Do Credit Unions Make Money?
Although operated cooperatively, the not-for-profit status of credit unions should not be confused with the non-profit status charities have. Because one thing's for sure: Credit unions make money. Learn how credit unions are able to make money and pass on benefits to members. How Credit Unions Make Money As financial institutions, credit unions generate what's considered a profit in economic terms -- which is needed to create a surplus in order to continue to operate and generate further profit for their members. The…
How credit unions can innovate like start-ups
When you think of Silicon Valley, credit unions aren’t normally the first thing that comes to mind. I think even the most ardent credit union advocate would recognize there is room for improvement in the industry as far as innovation goes. Thirty minutes browsing through the websites of the 5,000 credit unions scattered across the […]
What two credit unions can teach banks about marketing
Crane Credit Union has taken an Instagram Stories-like approach, while Certified Federal Credit Union is crafting personalized email messages.
Money Matters: How is banking with a credit union different?
Money Matters: How is banking with a credit union different?You work hard for your money and want to find a place to bank that offers fewer fees, and keeps more money in your pocket. For saving and borrowing needs, credit unions are often the best resourc
Credit Unions vs Banks: Which is Better?
Tired of getting nickel and dimed by your bank? Maybe it's time to try a credit union.
Why Choose Amplify Credit Union?
Why pick Amplify Credit Union as your primary financial institution? Amplify offer stability, trust, and transparency. Our CFO, John Orton, offers some tips ...
Four Myths About Credit Unions, Debunked
Between the 2008 banking crisis and the recent Wells Fargo fiasco, it’s easy to be skeptical of banks. If you don’t like big banks, there’s an alternative, though: credit unions. Credit unions have become increasingly popular, but there are still a lot of misconceptions about how they work and what they offer.
How Do I Switch from My Bank to a Credit Union?
Dear Lifehacker, I'm thinking about switching from my bank to a local credit union. What should I be on the lookout for when I make the switch? Is there anything I should know ahead of time, and how do I go about making the change? Signed, Fed Up With Big Banks
Why are Credit Unions better?
A short, fun animation promoting Credit Unions as a better place to keep your money. Re-invest in our local communities through the transfer of funds from ba...
What is the difference between a bank and a credit union?
In this Real Good TIPS from Real Diamond Employees video Chelsea explains the difference between a bank and a credit union. This is a question that we get as...
Why Millennials Embrace Credit Unions
Because of the current lifestyle of most millennials credit unions resonate with these young people. The wants and needs of this generation are different from previous generations and credit unions have taken the time and effort to understand their needs and wants. Credit unions are a great alternative to traditional banks for many reasons including enhanced customer service, lower fees, lower interest rates and many more…
The Digital Future Of Credit Unions
Credit unions offer a unique banking experience when compared to the traditional big banks, which may be why consumers are turning their attention to what these financial institutions have to offer. Kari Wilfong, CFO, EVP of CO-OP Financial Services, joined Karen Webster to discuss how credit unions are approaching new technologies while trying to keep up with rapidly changing consumer expectations.
4 Banking Tips For New Small Businesses
Every small business owner will need to work closely with a bank or credit union, whether just to handle daily deposits, to secure a loan, or for help with other financial services. Here are 4 banking tips for new small business owners to keep in mind as he or she works to accomplish their dream.
