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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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.
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Visa Inc
Practicalmoneyskills.com
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