Everyone should be saving money for the future. It’s just a good idea to have a little something set aside in case of an emergency. Every month money goes into your checking account and then out of the account when you pay the bills, and hopefully, you have money left over for savings. But hope… Read more »
Are you interested in doing business with a customer-owned financial institution rather than a big banking machine? If this idea appeals to you, a credit union may be the perfect fit. But how do you find a local credit union if you don’t meet the membership requirements? If you’re in this situation, consider joining an… Read more »
A brief historical overview of the credit union throughout the decades: 1901 – Alphonse Desjardins, a Canadian journalist, founded the first credit union in North America (today The Desjardins Group) and made the first deposit of 10 cents. 1909 – The first American credit union, St. Mary’s Cooperative Credit Association, opened in Manchester, New Hampshire…. Read more »
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 »
