One reason that credit unions inherently are innovative is because of their greatly varied membership. Tailored to each group of members, there even are credit unions for the Mennonite religion! In fact, the Mennonite Savings and Credit Union has won an innovation award for pioneering computer software designed at lowering administrative costs on loan portfolios.
As with every good financial plan, it is crucial that the credit union you choose be a perfect fit with your lifestyle and objectives. The simple aspects that you consider when searching for a financial institution like location and accessibility remain elements to consider. Maybe you are a frequent traveler who needs the convenience of a national banking system, or maybe for you this is irrelevant. The key is to do your homework, and to ASK before investing your money.
Membership in a credit union can be an excellent strategy toward diversifying and improving your finances. You owe it to yourself – and to your wallet - to consider activity in a credit union.
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DIY debt consolidation: 3 secrets for success
You're sinking fast in credit card debt, and there's not a life preserver in sight. Loans and balance transfer offers involve applying for more credit. Follow these tips for rescuing yourself from the dangers of excess debt.
Reducing debt or building savings?Even if you are following a debt reduction plan, it is important to try and build emergency savings.
When debt help is not enough: 3 reasons for filing bankruptcySituations can arise that make paying your bills impossible, or that render you ineligible for participating in debt relief efforts such as credit counseling. When you're enduring any of these circumstances, consulting a bankruptcy attorney can provide information about your rights and the consequences of filing bankruptcy.
Personal spending rises as income slipsPersonal income declined in August, but personal consumption expenditures rose, according to the Bureau of Economic Analysis.
3 reasons for consolidating credit card debtAre you paying more than one credit card bill each month? Have you overlooked a bill and incurred penalty interest rates or late charges? Consider credit card debt consolidation for simplifying debt management chores.
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