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Credit Unions File Suit to Block New Judgment Interest Rate From Taking Effect in N.Y.

Account Recovery

A trio of credit unions from Western New York yesterday filed a class-action complaint seeking an expedited hearing in an attempt to block a new law from going into effect that lowers the maximum rate of post-judgment interest that can be charged in the state to 2%, from 9% currently. appeared first on AccountsRecovery.net.

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Ride Out Fed Rate Hikes at a Credit Union

Nerd Wallet

The article Ride Out Fed Rate Hikes at a Credit Union originally appeared on NerdWallet. Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena.

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How Credit Unions Can Reinvent Themself to Attract Millennials

Nexa Collect

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Do credit unions really not have what young people want, or are they just not focusing their sales and marketing on what is actually a very natural fit?

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10 Best Credit Unions of 2020

Nerd Wallet

The best credit unions offer the same accounts and services as banks but often with much better terms. This year’s best credit unions have great rates, low fees and generous perks. The article 10 Best Credit Unions of 2020 originally appeared on NerdWallet. Our top five options are easy.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. The experiences of every generation are characterized by their behaviors involving finances.

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Black-Owned Banks and Credit Unions: Where to Find Them

Nerd Wallet

banks and credit unions The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey. The article Black-Owned Banks and Credit Unions: Where to Find Them originally appeared on NerdWallet. Their mission includes closing the wealth gap in America.

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Banks vs. credit unions: How are they different?

Kasasa

Whether the words "credit union" or "bank" appear in the name, what really matters when choosing and using a financial institution is the level of service it provides to you. So what does it matter if you keep your money with a bank or a credit union? Don't let the name fool you.