From the outside, credit unions appear very similar to banks. They both offer similar financial products and services, from savings and checking accounts to loans and credit cards. However, it’s essential to recognize the significant distinctions between these two entities because they can greatly influence your day-to-day financial well-being.
When it comes to investing your money, a wide range of options are available. These opportunities include stocks, bonds, traditional savings accounts, and real estate, all of which offer the potential for financial growth. However, with a plethora of choices also comes the possibility of increased risks.
When it comes to borrowing money, there are a variety of loans available. You’re probably familiar with most options – from car loans and home mortgages to credit cards and student loans. But have you ever heard of a share-secured loan? If you answered no, you’re not alone.
After a year of surging prices, members are still grappling with the effects of rising inflation. Add in the rocky performance of Wall Street, and people are looking for a silver lining. One such opportunity is beginning to shine as savings rates also start to climb – it’s called a...
Ever heard of laddering your certificates? A Share Certificate ladder is an investment strategy with both short- and long-term benefits. As you probably know, a share certificate, often referred to as a certificate of deposit at a bank, pays a fixed dividend rate or rate of interest for a specific...
Time is your best friend when it comes to saving for retirement. Ideally, you’ll start putting money into retirement accounts in your early 20’s. The reason is two-fold: 1) it allows ample time for your money to grow and compound over the years, and 2) it’ll provide the greatest tax...
