Why Are Credit Unions Better Than Banks

The organization selected for analysis and evaluation is American Lake Credit Union. This organization is composed of two main branches, both located in Tacoma, Washington. In contrast to banks, Credit Unions are smaller organizations and are directed by members who are selected via a vote to serve in an all-volunteer board of directors for the organization (Scott, and Johnston, p.2, 2011). Specifically, this credit union was founded in 1948 and has grown since then. (C. Fitzer, personal communication April 7, 2014). For instance, although the organization is small in size through a partnership with a credit union network, it is able to provide general financial services at diverse locations

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b. List three differences you found between the accounts and features this bank or credit union offers and the bank from question 1 above. (1-3 sentences. 1.0 points)

e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points)

Deciding whether to attend a community college or university can be a difficult decision for students especially high school seniors and fresh high school graduates. After graduating from high school, the next step in the academic journey is to attend a college or a university. Before I got into college, I wanted to attend a university. I never considered attending a community college because I considered it irrelevant and less rewarding than a university. Now I have a different view about community colleges and I can clearly point out the major difference between a community college and a university. A community college is a two year college which offers two or three year courses and award associate degrees and certificates. Most community colleges are linked with certain universities which makes it easier for students to transfer. My decision to attend a community was strongly influenced by Cost, easy transition to university, and the need to balance school, work, and social life.

Many students are uneducated about student loans. When I say uneducated I mean that they have no idea what type of loan is best for them, how much they need to borrow, or where to get the loan. There are many resources out there about student loans, but there are not any requirements to review them before taking out a loan. Students are not required to have any knowledge about how the loans work. Students need to have the correct knowledge when applying for a loan, otherwise they may end up with too much debt or the wrong type of loan. A student should not start off their life outside of college in unnecessary debt.

GCU’s Membership isn’t confined to a particular industry or community. GCU competes against all financial institutions including mutuals, “Big four” and the second tier banks for loan and deposit accounts. Still it has a loyal following amongst older CBA staff.

​Are you guaranteed a pension after your retirement? Union workers are more likely assured a pension when they choose to go into retirement. Union jobs allow for a secure life for single parent homes with children that need a stable job and good benefits. Union jobs allow for higher wages for employees. Union members have the benefit to join as a collective power and go on strike if they feel things are going wrong or unfair in their business.

Hello Cassaundra, thanks your posting nevertheless, the information into processes applied by Delta Community Credit Union. Their operation process strategy planning and campaigning to educated consumers that they can have no monthly banking fees, lower interest rates on loans was marvelous. The operation process seems to have empower many other consumers to join Delta Community Credit Union for only five dollars. Delta Community Credit Union strategy planning for greater customer services was on point validated with the article, thus, “2014 suggest that a significant percentage of consumers left “big banks” due to feelings of distrust and lack of service, per (Epperson, 2014).” I feel they made the right decisions, subsequently, because

The community bank stakes its reputation on the relationships it builds. I have witnessed how a personal relationship between our local community bank and my family's personal livelihood have been mutually beneficial. My grandmother, who was a single mother of five, utilized the community bank to establish a sense of security and confidence in a time when being a single parent was uncommon. As she aged, she started showing signs of memory loss. However, my grandmother continued to go to the bank for personal transactions while enjoying conversation with the tellers. Understanding her personal situation, the tellers would kindly and slowly re-explain her

I foresee a credit union of the future benefitting me time and time again. This is because life is a constant cycle of saving and spending money. No matter if I am saving for a small ticket item or a big ticket item, I need to have a secure place to do so. Credit unions are a terrific choice no matter the amount being saved. The reason a credit union is the way to go is that credit unions benefit the members who are saving money, unlike banks who focus on increasing profits in order to benefit the stockholders. I can use this knowledge to my benefit in the years to come. I, like many other high school seniors, am currently saving money for college. College is not an inexpensive endeavor so I need all the help I can get. By saving my money at

“Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.” It is there to mainly serve the members interest rather than to charge the members. “Not for profit, not for charity, but for service.” Credit Unions reward members with leftover profit, pay expenses and costs first. Friedrich Wilhelm Raiffeisen was in charge of the Credit Union to help farmers in Germany. The first Credit Union was organized

-Credit unions are nonprofit, member-owned institutions. The lesson said like banks, they are able to provide loans through deposits to checking and saving accounts

Credit unions are nonprofit financial institutions that help their members find affordable financial planes. Credit unions also can borrow from pools of money at low interest rates. Credit unions typically appeal to younger people because it offers higher savings. Credit unions are very scarce they are typically found in bigger cities that certain unions are located. Sometimes these

This report is to analyze the recent performance of Union Bank of Switzerland (UBS), focusing on its private banking business, in order to explore its financial features and products and services that on offer by UBS and past strategy and future prospects of UBS. Besides, there is a covering of the current global market of private banking as well as studying the main features of the market environment and UBS competitors and the recent trends of private banking industry globally.