Banks Under Fire by the FDIC More than a 100 complaints from depositors have flooded the offices of the Federal Deposit Insurance Corporation (FDIC) as callers protest being charged for fees issued by banks. The banks are charging customers alleged “FDIC fees” for deposit insurance assessments. According to the Credit Union Times, the FDIC has... read more
The Better Business Bureau (BBB) recently stated that opening a Christmas Club account this year with your credit union can help prevent financial debt during the holidays. They advise that a Christmas Club account is a good way to start saving money so that you can enjoy the holidays with gifts, celebrations, and any other... read more
Credit Unions Are Keeping It Cool Recent reports show that members of credit unions are benefiting from having chosen to be a member of a credit union rather than being a customer of a financial banking institution. A surge in positive outlooks has made credit unions more popular. Reports include an increase in loan approvals... read more
Banks Are On the Losing End Banks with unsatisfied customers are now becoming a trend. A Javelin Strategy and Research report stated that banks like Wells Fargo, Chase and Bank of America are at high risk of losing customers. In March 2012, 11 percent of people surveyed rated the likeliness of transferring their funds to... read more
Credit Unions and Scholarships Recently, a prominent federal credit union awarded thousands of dollars in scholarships to high school seniors. These students will be going to college with a little load off of their shoulders, knowing their student loans will not be as burdensome. Credit unions are known for being benefactors of community outreach programs.... read more
Why you should join a credit union Credit unions are similar to banks, and for this reason, many people may mistake a credit union for another typical bank. The truth is, however, a credit union differs from a bank, and these differences can benefit you and your family. A credit union is a non-profit, cooperative... read more
Moms Without Credit Cards Recently, light has been shed on stay-at-home moms who are unable to obtain credit cards. Though many of these women are living financially secure lifestyles, major credit card companies are denying unemployed people credit cards, regardless of an impressive credit score or past credit card history. The Card Act Rule that... read more
The Washington post recently reported that credit unions have reached their highest peak in the last five years. This is big news, especially after protesting what has taken place on Wall Street. With $11.2 billion in loans through credit unions in the last years, there has been a corresponding jump in credit union membership. This... read more
H-E-B to open in-store credit union branches The Texas grocery store has announced that five Generations Federal Credit Union branches will open in Bexar County stores. This will offer more resources to credit union members living around the area and will provide convenient, in-and-out transactions for credit union shoppers. San Antonio Business Journal reports almost... read more
Lower APR rates for credit union members The start of February 2012 marks lower rates for credit card holders with the annual percentage falling to 14.91 percent. Reports say this rate is the lowest it has been since August 2011 and should continue to decrease. With only one month gone in 2012, the rate has... read more
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