Many millennials consider credit unions safer than banks. Why? They're run democratically, are more transparent, and have fewer overall fees.
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.
Instead of being “trotted out” to the spotlight whenever taxation issues arise, small credit unions have much more to offer.
With all the flak they get, you might want to ditch your credit cards for good. Here’s why that’s not the best idea:
The stars are aligned for credit unions to focus their efforts on millennials.
Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses and now oppose the Consumer Protection Bureaus plan to rein them in.
New agreement represents a decrease in CUNA Mutual's advocacy and marketing support for U.S. leagues.
Tips from a variety of cybersecurity experts highlighted the first day of the CUNA/National Association of State Credit Union Supervisors Cybersecurity Symposium Monday. The two-day event features a number of experts offering information on assessing risk, dealing with the aftermath of a data breach, cybersecurity best practices and more. Tom Schauer, CEO of Trust CC, …
Why pick Amplify Credit Union as your primary financial institution? Amplify offer stability, trust, and transparency. Our CFO, John Orton, offers some tips ...
For financial institutions that can’t develop new products in-house, a startup partnership can help move an innovation agenda forward through new tech-enabled product offerings for customers. However, since small institutions can’t always afford to take the risk of an unsuccessful product rollout, they’ve begun to tap into a program that vets potential partners beforehand. Run […]
We've all heard that credit unions are better than the big banks but, why? Our CFO, John Orton, explains how Amplify Credit Union offers stability to our cus...
Learn how to tell the difference between credit unions and banks with this short video!
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