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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 06, 2009

Page

18

Credit Unions Surpass Banks in Safety Question in 2009 Survey

CUNA senior economist Mike Schenk says credit unions outpace banks for safety and liquidity as 2009 growth expectations rise. The 1,000 voter survey, conducted since 1998, shows credit unions leading on safety and soundness for the first time.

Mike Schenk CUNA The News Service Dow Jones Richard Gose

Smart ways to invest your tax refund in tough times

Americans are filing taxes electronically with refunds faster. Invest refunds wisely by paying down debt, building emergency savings, saving for the long term, investing in education, and boosting earning potential. Consider a financial planner to map a long term strategy and aim for minimal withholding.

IRS U.S. Securities and Exchange Commission Sec.gov Irs.gov

How certificates of deposit work at credit unions

A credit union pays a fixed interest amount on a fixed principal for a set period. CDs offer higher rates, no fees, and low risk but restrict access with early withdrawal penalties. Variants include six month, stock-indexed, callable, and global CDs with promotional offers.

C.U

Ten practical steps to improve personal finances

Realistic budgeting starts with a two week spending journal and tracking groceries. Distinguish wants from needs and avoid relying on uncertain bonuses. Keep control of money, involve yourself in investments, and think before making large purchases. Minimize debt, use credit wisely, save early, and consider retirement options. Examine loan terms and roll over 401(k) to IRA when changing jobs.

Visa Inc Practicalmoneyskills.com

Also Mentioned on This Page

Www Bankrate.com Connie Kilmark Madison Wisconsin Financial Institute Financiai CommStar Credit Union Cleveland St Elyria Erie Ave Lorain CommStar.org Commi Star Chanac
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