Small-Business Job Engine Sputters05/15/2014So have more traditional lenders that once provided the capital to get a new company off the ground. That is why alternative lenders have been rushing in to fill a void in the market over the last five years. Crowdfunding sites like Kickstarter and Indiegogo have been doling out money for start-ups and expansion capital for entrepreneurs. So have credit unions across the country. Increasingly they are getting in the business of offering small business loans to local businesses in their communities to help support Main Street.
Wichita Credit Unions Plan to Pick Up Some Lunch Tabs05/15/2014The Kansas Credit Union Association said Thursday representatives from six Wichita credit unions will be picking up the lunch tabs for customers of two restaurants. KCUA said in a news release that the representatives would be at Wasabi, 2404 N. Maize in northwest Wichita, and Tanya's Soup Kitchen, 1725 E. Douglas, downtown today.
Personal Finance Worries Continue to Plague U.S. Workers, Creating Concerns for Employers05/14/2014Concerns and stress about personal finances are distracting U.S. employees during working hours, impacting their job performance and potentially sapping company productivity, according to a new survey from the Society for Human Resource Management (SHRM).
Bill Giving Credit Unions Federal Home Loan Bank Access Passes House05/07/2014A bill introduced by Rep. Steve Stivers, R-Ohio, that would allow privately insured credit unions to become members of theFederal Home Loan Bank has passed in the House.
Money Matters: How Financially Prepared is Your College Student05/07/2014Andy Mattingly from FORUM Credit Union discusses how to prepare college students for life after graduation.
Credit Unions in New York's Capital Region See Boost in Car Loans05/07/2014Credit unions in the Albany, New York area have found a new area of growth: auto loans. Credit unions in New York's Capital Region are mirroring a national trend as their auto loan portfolios grow.
Credit Unions Growing at Banks' Expense05/05/2014Since 2007, on the eve of the banking crisis, through 2013, the last year we have data for, the largest credit unions in Philadelphia and its Pennsylvania suburbs -- 11 institutions with at least $400 million each in deposits and share accounts -- have boosted those deposits by a collective two-thirds, bringing their total to $11 billion, according to National Credit Union Administration data collected by SNL Securities LLC.
Credit Unions Cash In On 2013 Refi Boom05/02/2014Credit unions operating in Northern Colorado and the Boulder Valley rode the refinancing boom to improved asset numbers, with nine showing improvement in 2013. A new report from the Mountain West Credit Union Association shows that among its member credit unions, total assets increased from $9.4 billion to $9.8 billion year-over-year, an increase of 4.4 percent.
6 Credit Unions That Make Blockbusters Like Spider-Man 2 Possible05/01/2014One of the perks of joining a local bank or credit union is that these types of institutions focus on the residents of a particular community and the specific financial issues they face. Most credit unions and local banks are committed to serving a local employer group or county - meaning the service will be most beneficial to those who qualify for membership. Those who work in the entertainment industry, whether as an actor, director, editor, sound mixer, writer, producer or crew member, have access to a wide range of credit unions that will cater to their banking needs. Many industry employees lack consistent income, requiring them to seek unique services and assistance planning their budgets.
The Smart Way to Buy a Used Car05/01/2014Mark Littleton with Kinetic Credit Union said think before you spend. The first thing you need to do when buying a car is know your budget. Littleton said the second thing is "get pre-approved so when you go to a dealership, you know how much car you can afford." Then he said make sure you do your homework on the car because what looks good now could be trouble later.
People Staying Unbanked Because of Fees05/01/2014