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…
Many millennials consider credit unions safer than banks. Why? They're run democratically, are more transparent, and have fewer overall fees.
This post is by our regular contributor, Erin. Have you ever paused to consider what kind of bank you're doing business with? Or have you just gone with the one your parents signed you up with, or the one that was closest to your home? A lot of people don't think too much about the bank they choose, but it can affect a lot of things - the fees you pay, the interest rates you're eligible for on loans, and how much you…
Banks get a pretty bad rap for a lot of well-deserved reasons. Credit Unions are an attractive alternative, but that doesn't mean you're guaranteed an easy life. Here are some of the biggest problems with credit unions, as well as how to fix them.
Credit unions offer affordable loans to low-paid local people. They may not have the advertising capacity of lenders like Wonga, but it’s a growing movement
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…
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...
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.
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.
Tired of getting nickel and dimed by your bank? Maybe it's time to try a credit union.