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The Occupy Wall Street protest and those inspired by it around the world have brought the topic of corporate greed and its effects into center stage. And as these topics become common in the zeitgeist people are looking for ways to avoid sending their hard-earned money to some giant multinational.
One way of making sure your money doesn't go towards the multinational corporations (MNCs) is to stop banking at one of them. The banking industry is well known for being one of takeovers and mergers. Big banks gobble up little banks until there aren't any more small town friendly banks anymore.
But you do have a choice. Many communities have credit unions that can serve your banking needs just as well, if not better, than the MNCs could. And you don't have to feel bad about where your money is going because it stays in the community.
A credit union is an institution borne out of the desire for its members to collectively benefit. Sorta the same spirit as many of those protesting in the Occupy encampments. So if you believe, as many are starting to, that the profit motive doesn't necessarily serve society in any noble way, it may be time for you to check out a credit union. You can still earn interest on your deposits and get some good rates on loans.
In fact, sometimes the rates you can get at a credit union are better than at a commercial bank because they don't have the interest of the stockholders on a pedestal like the MNCs do. In fact, credit unions are owned by their members, and if you bank at one then that means you're part owner of your credit union. What could be more comforting than to know that you don't have to worry about the bank cheating you to satisfy stockholders' desire for better numbers?
Wiki User
∙ 12y ago
Wiki User
∙ 8y agoa cooperative lending institution for a particular group
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What services can the National Credit Union Administration offer?
The National Credit Union Administration is a federal credit union. This union offers access to credit union data, asset management strategies, lists of union regulations, and more.
What is the irish for credit union?
The Irish for credit union is comhar creidmheasa. A credit union is a financial institution where you can save and borrow money.
Where is the Scotwest Credit Union located?
Scotwest Credit Union is a credit union that serves the West of Scotland in the United Kingdom. The credit union's head office is located in Glasgow, Scotland.
Where is Prospera Credit Union?
"Prospera Credit Union is a locally owned and operated credit union serving anyone living or working in Wisconsin's Outagamie, Winnebago,and Brown.that where prospera credit union is from."
Where do yougo to make payment through the credit union?
To the credit union
When was The Union Credit Union created?
The Union Credit Union was created in 1968.
What credit unions bank in California that does not use chexsystem?
Some credit unions in California that offer banking services without using ChexSystems include Blue FCU, Golden 1 CU, and SchoolsFirst FCU. It's recommended to contact these credit unions directly for more information on their account opening requirements and policies.
What credit unions are there in Summit Wisconsin?
Some of the credit unions on Summit, Wisconsin are Summit Credit Union, Price Credit Union, Prosperity Credit Union, and Capital Credit Union. You may find more in your local area.
What services can the National Credit Union Administration offer?
The National Credit Union Administration is a federal credit union. This union offers access to credit union data, asset management strategies, lists of union regulations, and more.
What is the irish for credit union?
The Irish for credit union is comhar creidmheasa. A credit union is a financial institution where you can save and borrow money.
Where is the Scotwest Credit Union located?
Scotwest Credit Union is a credit union that serves the West of Scotland in the United Kingdom. The credit union's head office is located in Glasgow, Scotland.
Where is Prospera Credit Union?
"Prospera Credit Union is a locally owned and operated credit union serving anyone living or working in Wisconsin's Outagamie, Winnebago,and Brown.that where prospera credit union is from."
Where do yougo to make payment through the credit union?
To the credit union
What are strengths and weaknesses of a credit union?
What are strengths and weaknesses of a credit Union?
Where can you find information about Chicago credit?
One place to find information about credit in Chicago is a credit union. Maroon Financial Credit Union and Alliant Credit Union are both located in Chicago.
What is a characteristic of credit union?
A credit union is owned by all the people who have money deposited at the credit union, as opposed to a bank, which is owned by its shareholders.
Can you have all retirement funds transferred from another Credit Union to Delta Credit Union?
We would like to have all our funds moved from another Credit Union to Delta Credit Union. What is the process? Thank You , Ray.
