A common misconception today is that young adults are financially irresponsible, mainly because of their lack of experience in money management. Researchers from the Federal Reserve and Arizona State University suggest that college-aged credit card users are more responsible than middle-aged borrowers. The study indicates a strong relationship between early credit card use and mortgage... read more
On Thursday, October 17th, 2013, credit unions in 100 countries will celebrate International Credit Union Day. It is a day to proudly recognize the hard work of those working in the credit union industry and to how appreciation for credit union members. Credit unions continue to demonstrate their ability to improve the lives of individuals,... read more
The National Credit Union Administration (NCUA) has filed a lawsuit against the country’s eight largest banks for allegedly selling faulty mortgages which led to the demise of two credit unions. The banks named in the lawsuit include: JP Morgan Chase Morgan Stanley Barclays Credit Suisse Royal Bank of Scotland UBS Wells Fargo Ally Financial Southwest... read more
A movement started in Florida called “Hike the Hill” is drawing its sights on Capitol Hill in Washington, D.C. The Credit Union National Association (CUNA) is fighting against the removal of a federal tax exemption for credit unions across the nation. The debate has been in the public arena for years as lobbyists employed by... read more
Credit score provider FICO has released a new statistic showing that young Americans are avoiding credit cards. Since the beginning of the recession, the amount of youths living without credit cards has doubled. At the end of 2012, it was reported that the 16 percent of the 18-29 crowd didn’t own a credit card, up... read more
Summer is the best time to invest in a boat, but finding a way to finance that investment can be difficult. Finding the right loan that fits into your budget, and also has a manageable interest rate can take some time and research. Choosing where to get your loan is also an important aspect to... read more
Students receiving new subsidized loans from the government to finance their college education can expect a rise in interest loans to roughly 6.8 percent. This change is expected to only affect a third of the students who apply for subsidized loans. This means that students will see their debt grow. Financing College Many Americans are... read more
Everyone works towards retirement in the hopes of enjoying their pension and social security and lead peaceful, simple lives. But the money saved from all their years of work sometimes isn’t enough to live comfortably once the working stops. To avoid this situation, many in the U.S. have turned to investing in high interest rate... read more
Americans can expect to see the new, redesigned $100 note in October of this year, the Federal Reserve Board announced this week. The bill's revamped design was made public in 2010, but after difficulties in the printing process, the released date was postponed. One of the most important and noticeable features is the blue 3-D... read more
The recent fertilizer plant explosion in the small town of West has inspired credit unions across the state of Texas to contact the Texas Credit Union Foundation (TCUF) in order to help fellow credit unions and members during their time of need. "In times of crisis, the Foundation is here to help our credit unions... read more
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