For many people, banks and credit unions are considered one and the same because they both fulfil similar purposes and provide the same kinds of services. However, while it’s true that both types of financial institutions are in the interest of lending and banking, there are some key differences between a bank and a credit… Read more »
Do you feel you always come up short on cash when you really need it? One route to financial freedom is opening a savings account. Many people associate the term “financial freedom” with the wealthy. However, what it really means is that you don’t stress about having money to cover emergencies when they pop up… Read more »
While the modern customer demands digitzed conveniences like apps and reviewable social media interactions, they still expect to be treated as individuals and receive pleasant customer service. As artificial intelligence and computerization replace many interactive service jobs, it can be hard to meet your own customers in the middle. Fortunately, there are ways for today’s… Read more »
Having a personal checking account is an important financial step in this day and age. It sets you up for financial independence and accountability, and it protects and insures your money from theft, loss, and other problems. Read on to learn important information you should know before opening your first checking account. There Are Different… Read more »
For many people, their first interaction with banking came through the opening of a childhood personal savings account. Opening a savings account through a personal banking service is an excellent first step in developing financial habits that will pay excellent long-term dividends. The benefits of opening a personal savings account aren’t restricted to newcomers to… Read more »
One hallmark of the most successful businesses is the ability to invest profits to create diversified revenue streams that help offset market dynamics. For a business to maximize its potential and make use of gains, a sound investment strategy is a must. Investment is often considered the keystone of such financial strategies because gains can… Read more »
If you’re thinking of applying for a home equity loan, here are 5 things you need to know: Loan-to-Value Ratio: To figure out this number, the lender adds your current mortgage and the amount of equity you want to borrow against divided by your home’s current value. Most banks require this ratio to be 80%… Read more »
Are you thinking about opening a new savings account? Putting money aside in a savings account is one of the smartest things a person can do. But you want to make sure that you are trusting the right financial institution with your money. More and more people are choosing online savings accounts over traditional ones…. Read more »
For many who find themselves in a financial bind, taking out a personal loan can be a lifesaver. The relatively quick infusion of cash can help people in all sorts of situations, from paying for a wedding to covering medical expenses. Though it can be helpful in a number of different circumstances, there are a… Read more »
Do you have treadmill money, where your money flows in and out, not getting you anywhere quickly? If so, you’re not alone. Make the switch from your bank to a Forest Area Federal Credit Union and reach your goals faster while enjoying the many benefits of a credit union. See for yourself what you’re missing… Read more »
