Credit Unions are champions of low-income and working class people

Before the arrival of the credit union, people who were from the poor background or a working class background couldn't borrow from banks. Quote by John Hume, Irish Politician

Credit Unions are champions of low-income and working class people Nobel Peace Prize winner, Irish politician John Hume stated, “Before the arrival of the Credit Union, people who were from the poor background or the working class background couldn’t borrow from banks.” It’s true.  Banks have long been only interested…

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Millennials are killing Banks…

Hammer breaking open a pink piggy bank with money inside.

Millennials are killing Banks… Business Insider has article online about Millennials killing all kinds of retail type businesses – here’s what they say about banks: Millennials distrust financial establishments and rarely visit physical banks. “There’s a massive shift in consumer behavior and consumer trust,” Rick Yang, a partner at the…

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Credit Union Memberships Are on the Rise – But Why?

Tom Middlestead with mud on his face

Rise of the Credit Union “In the year to April 2017, credit union memberships rose 4.8% faster than the 3.8% pace set in the year to April 2016, and the fastest pace in in the modern credit union era,” says CUNA Mutual Group, in a new study entitled “2017 Credit Union…

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Why it’s hard to leave your Big Bank…

Meme: You're about to overdraft? Reorders your withdrawals so you overdraft 4 times.

Why it’s hard to leave your Big Bank… John Maxfield recently writes in The Motley Fool that customers who were ripped off by Wells Fargo, will find it hard to leave. Why? Because they have so many accounts/products with their big bank, it’s extremely difficult to make all those changes.…

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