Credit Unions In Arizona

Credit Unions In Arizona

We’ve declared February Love Your Local Bank Month to encourage individuals and business owners to move their money out of the big banks and into local credit unions and banks. Why is this an important issue? As Local First Arizona Director Kimber Lanning says in a recent article in Green Living Magazine, “Arizonans have deposited 96 percent of their money into out-of-state banks. Of that money, about 75 percent ($65.5 billion) is in [...]

Read more

Nationwide Credit unions

Nationwide Credit unions

A large data security breach this year at Home Depot Inc. cost Ohio’s 330 credit unions a combined $1.3 million in fraud losses and other costs associated with replacing compromised credit and debit cards. “Anecdotally, every credit union CEO I’ve talked to from the relatively medium-sized ones to the large ones all seem to have been impacted by the Home Depot breach in some way, ” said Patrick Harris, director of legislative affairs [...]

Read more

How do Credit unions work?

How do Credit unions work?

Whether you’re a member of a CU or still a part of a,dare we say it,bank,knowing how a credit union operates is still a useful piece of knowledge to have. We’ve explained the differences between banks and credit unions,but it’s time to understand how credit unions work as financial institutions. The Background Story of Credit Unions. The credit union industry’s intention was to make credit unions a cooperative financial institution; of [...]

Read more

Are Credit Unions FDIC Insured

Are Credit Unions FDIC Insured

Although credit unions function like banks, they are member owned. Ryan McVay/Photodisc/Getty Images The Federal Deposit Insurance Corporation was created in 1933 to insure bank deposits. Credit unions are structured differently from banks. Rather than becoming a customer of a credit union, you become a member, which means your deposits are considered shares. Your shares are not insured by the FDIC and are not governed by FDIC rules. [...]

Read more

List of Credit unions

List of Credit unions

I thought it would be useful to have a list of all credit unions in which anyone can join. For most of these all-access credit unions, you can join an association and that will qualify you for membership into the credit union. All credit unions are required to have a field of membership which defines a common bond for members. When credit unions started, common bonds typically involved employers. This expanded to include community [...]

Read more
1 2 3 4 5 6 7 8 9 10 11 12 13 14