Tired of getting nickel and dimed by your bank? Maybe it's time to try a credit union.
Tired of getting nickel and dimed by your bank? Maybe it's time to try a credit union.
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…
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…
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.
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…
Instead of being “trotted out” to the spotlight whenever taxation issues arise, small credit unions have much more to offer.
Credit unions share which core processor they chose and why.
As you’re saving your money you want to make sure it grows and earns interest. While brick and mortar banks are convenient, online banks and credit unions can offer much higher returns. When it comes to fees you want as little as possible. That includes things like ATM fees. Some banks actually charge a monthly …
Educational, New Century and Quest Credit Unions paid for $1000 worth of customer’s orders at the downtown Classic Bean and PT’s Coffee at 29th and Arrowhead in Topeka.
A sound disaster recovery plan is critical to any credit union’s long-term success. While most credit unions recognize the importance of being well prepared for an unforeseen event, some credit unions are better equipped to navigate these waters than others. Ultimately, the right investments in time, resources and planning can make all the difference in …
A great deal of responsibility comes with getting your first credit card, so learn how to use your new credit card properly and keep your credit history on the right track. Keep your credit score looking good by following these first credit card tips.
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
Credit unions once again beat banks in new member/customer service ratings released by Forbes. Credit unions earned an average score of 80 versus 75.2 for banks in Forbes’ first-ever Best-In-State Banks and Credit Union Ratings. Respondents also offered a satisfaction rating of 4.42 for credit unions and 4.24 for banks, on a scale of 1 …