Whether offering teaser rates to increase membership, opening new branch offices, or acquiring smaller rivals, our nation’s credit unions are growth-driven. In fact, 50 credit unions with 25% or more growth in assets during 2023 can be found on page…
Teach Children (and Adults) to Save and be Savvy
Research has shown that lifelong money patterns and habits are largely established by the second grade. That’s age 7 for most children in the U.S., but children can begin basic concepts of saving and spending as early as age 3.…
Will CRA Derail Capital One-Discover Merger
A poor CRA rating has derailed many mergers in the past. Community activists, in particular, get involved to protest these combinations. In the case of 5-Star Capital One, N.A., McLean, VA, there is nothing in the CRA report to protest…
Bank Deposits Gain Interest, in More Ways than One
During the fourth quarter 2023, for the first time in seven quarters, domestic deposits at our nation’s banks grew. That growth appears to be the direct result of increased interest being paid by these banks. It pays to do your…
Protecting Seniors from Financial Fraud
According to The National Institute on Aging, money problems may be one of the first signs indicating a person has Alzheimer’s or other form of dementia. Combine that with the fact that older Americans hold 65% of U.S. deposit balances,…