Why go through the trouble of getting a car loan from a bank or credit union, rather than just getting it through the dealership? It's certainly easier to let the dealership handle the financing for you, but by doing so you may be conceding too much. Here are five reasons to have your car loan ready before buying.
If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.
A burgeoning market for micro financial institutions (MFI) is set to take hold. The Sub-Saharan African low-income market is set to explode by 25 percent in 2015. Currently 863 million people live in 47 countries.
Imagine what the U.S. economy would be like without a not-for-profit balance and competitive presence in the financial services marketplace to help keep rates and fees in check.
Many consumers who can afford loans are denied the services they need and left in the hands of predatory lenders. Credit unions, as nonprofits with a commitment to their communities, are the right ones to bridge the divide.
Owning a home is a primary value of the middle class. The mortgage regulations that went into effect earlier this year are making it harder for many to get approved for home loans.
Tens of thousands of precedents exist public ownership and they are indeed interesting. But a listener to Brancaccio could not be faulted for coming away with the impression that public enterprises are few and far between.
If you want to have more money to do stuff with, then setting up a savings account at a credit union is one powerful way to do so. Whether you want to save more as an individual or as a family there is no shortage of information touting the benefits.
The biggest problem with bringing business values to the work of expanding opportunity for people disadvantaged by birth, geography or both is that no one in the business world has figured out how to value incremental improvements in social welfare in bottom-line calculations.
For the sake of America's economy and consumers, we must take steps to make sure consumer financial information is safe from cybercriminals.
In recent years, credit unions have been broadening their Field of Membership qualifications, making it easier for interested individuals to join. Are there truly credit unions that offer access for all?
Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades. Insufficient capital is a key culprit driving these trends.
Our economy and consumers are not safe if only financial institutions are accountable. The companies that store consumer data need to secure their house.
The faster the action to stop or slow down the trolls, the better -- to ensure that consumers, including credit union members, don't lose access to convenient services, or even their favorite small financial institutions.
The cost of a merchant data breach -- whether it is at a large national merchant or a local merchant -- can be significant for credit unions of all sizes. Because of credit unions' cooperative structure, the cost of such breaches are ultimately borne by credit union members.
To see a television advertisement for a business offering payday loans is to see payday loans advertised as a lifeline: a way for a financially strapped family to cover an unexpected expense. But that's not actually how most payday loans are used.