Financial Institutions that Do Care
Banks & Bailouts Are like Love & Marriage - is it Time for a Divorce?
A non-profit financial institution - did you get that? It's something your bank could never say!
My credit union has a Board of Directors that we vote to uphold various practices of our credit union. Every year, there are elections and the people who live, work, worship or go to college in our county are the only ones who can run for 'office'. In other words, they have to have a vested interest in our community.
The Board chooses where new branches will be opened, what the rates will be for various loans & credit cards and which programs the credit union will support from community services to financial planning.
Why am I such an advocate for credit unions? Because they care about me and my opinions. Last night, I volunteered to sit on a Credit Union Advisory Council meeting. A group of credit union members got together to discuss future plans, give feedback and inspire ways to improve our Credit Union.
It was a gathering of cross-generations from retirees, to the working poor and the generation X and Y'ers. I was able to garner the needs and wants of all of us who make up the credit union community.
For instance, I discovered that our credit union is actually going into middle and high schools and teaching classes to the young people about saving and managing money. What an awesome community effort to insure that these folks will have a handle on their financial futures. No one ever did that for me when I was in school - we were not even taught how to balance a checkbook! (and I'm still struggling with that one!)
So, the long and short of it is this - with banks teetering on the brink of losing all the confidence of a society that is sick of bailouts, I highly recommend that you look to the credit unions in your communities. Start enjoying the rewards of lower rates, higher returns and financial security.
It can make all of the difference in having a say about who manages your money.
To find a credit union near you: http://www.creditunionsonline.com
Or in the States: http://www.ncua.gov
Published by Michele Starkey
Optimist who enjoys writing, laughing and spreading good news. If I have but one life to live, I hope to make mine memorable. My epitaph will read: she lived, she loved, she left. View profile
- In Tough Economic Times the Scripture that Can Help Call it a recession, depression or just plain tough economic times. However you label the present age, know that there are wonderfully rich scripture passages that will help to get you through.
- Find and Join a Local Credit UnionMake the most of your money by joining a credit union.
- Credit Union Version of FDIC Raised to $250,000 The Senate passed Emergency Economic Stabilization Act of 2008 contains benefits for Credit Union members
Community Credit Unions in the Chicago AreaThere are only a handful of credit unions out there requiring nothing more than a residence or job - of any sort - within a particular part of the Chicago or Chicagoland.
Navy Federal Credit Union Empowers Members Through EducationMembership is open to all Navy personnel - whether enlisted or civilian employees - as well as those who work for companies that are in a contractual relationship with the Navy...
- Arkansas Federal Credit Union Versus Other Banks
- Creative Employee Benefits: A Credit Union Membership
- Are Bailouts to Blame for the Stock Market Plunge?
- Bank Bailouts: Wall Street CEOS and Bankers Are Sill Living it Up
- Cato Institute Warns against Cash Bailouts to Banks
- Are the Government Bailouts Getting Out of Hand?
- Avoid Depression in Hard Economic Times
34 Comments
Post a CommentI've heard credit unions are being pushed alot more these days. Good article on why!
Traditionally, credit unions have always been on the cutting edge of excellent customer service. Great report!
You know, you're right, kids SHOULD learn this stuff in school. It took me until my 30s to learn how to balance the checkbook!
Use to be a member of a credit union years ago. Have been thinking of joining one again.
I can't fault all banks. There were one or two in Oklahoma that always gave my small business clients a break and they reaped the rewards because of it.
Good info on these credit unions over banks.
I think we would all be better off if we left the banks and went to credit unions only.
Interesting write-up!
We have used our local Credit Union for years. Good article!
my husband has always been a big fan of credit unions. I began with my bank before our marriage and have remained, but like CUs too.