Mobile Banking: 4 Ways To Stay On Top Of Your Finances While On The Go

mobile banking benefits

Most people have a checklist they go through before they leave the house. Is the stove turned off? Are the doors locked? Do I have my wallet, my keys and my cellphone? The only thing that has changed about that process in the last few years has been the addition of that last item on the list.

Today, 91% of Americans have cellphones and 61% of them have smartphones. This is a remarkable change from even two years ago. More than half of the people you see every day are carrying a computer that dwarfs the most powerful computing technology that was available a decade ago. It’s also connected to all of the world’s information, literally at our fingertips. What do we use it for? Drawing moustaches on our selfies and tossing wingless birds at shoddily made pig housing.

If you’d like to use your smartphone for more sophisticated purposes, plus add a ton of convenience and peace of mind to your life, consider mobile banking. With a couple of taps, you can access a whole suite of financial information. Let’s look at four scenarios where mobile banking can save you some time … and even some money. [Read more…]

Ten Myths About Credit Unions

Credit Union MythsHow much do you know about credit unions? Test yourself on these 10 myths-how many did you believe until today?

Myth #1: You must meet strict eligibility requirements.
Fact: While credit unions do require that members meet certain requirements to satisfy a common bond, many of these are broad and few of them truly limit membership. [Read more…]

The 7 Guiding Principles of Co-Op Businesses

Cooperative businesses are everywhere.

Over 100 million people are members of 47,000 co-ops in the United States alone.  You can find thriving co-ops in all kind of industries – from healthcare to child care.

In fact, you might regularly enjoy the labors of a cooperative without ever knowing it – say reading an Associated Press story on your tablet or drinking a glass of Sunkist orange juice every morning. [Read more…]

Four Big Differences Between Banks and Credit Unions

difference between banks and credit unionsMost people use bank as a catchall term to refer to any place they have a saving or checking account.  That includes traditional banks, savings and loans, and credit unions.

But not all banks are the same.

The truth is, there are some pretty big differences between banks and credit unions – who owns them, how they use your money, what they do with excess earnings – those kinds of things. [Read more…]

Credit Union 101

Credit Union 101Credit Unions are kind of a mystery.

On one hand, there are over 7,000 credit unions in the U.S. alone – and thousand more in over 100 countries all across the globe.

And those 7,000+ financial institutions serve a whopping 96 million members (or 43.7% of the economically active population), with total combined assets of well over a trillion dollars. Yes, that’s trillion with a t. And, yes, that’s a lot. [Read more…]