News
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In Protest of Big Banks, The “Move Your Money” Campaign Picks Up Steam
"Move Your Money" is a budding movement that has the capacity to cause a major power shift in the financial industry. It’s main purpose is to convince people to take their money out of the “too big to fail” banks and move it into the smaller, more community-oriented banks and credit unions. A financial institution’s foundation relies on the core deposits (checking & savings accounts) of businesses and everyday people. What they want, in essence, is a run on big banks. A bank run occurs when a large number of people withdraw their deposits. When this happens the likelihood of default increases, which then encourages even more withdrawals. This can put a bank in dire circumstances and in extreme cases, bankruptcy.
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Reduce Your Monthly Auto Loan Payment
These days, any extra money can come in handy. If you’re trying to cut costs...
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Suze Orman to Larry King: CUs have great rates
WASHINGTON (12/14/09 CUNA)–Credit unions offer better rates on credit cards, personal finance guru Suze Orman...
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Membership Pays
Being a member of SIU Credit Union has paid off for Deborah Piquard....
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Factsheet: Holiday Depression and Stress
The holiday season can be a time full of joy, cheer, parties and family gatherings....
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E-mail Scam Alert
Random individuals and/or companies may have received a falsified e-mail with the subject title...
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Why Credit Unions Aren’t Banks
When we are out and about in the community, we often hear two things. What's a credit union? and I didn't know I could join. To be clear, if you are living in Southern Illinois you are more than likely eligible to join SIU Credit Union. And no, you don't have to been connected to Southern Illinois University to join the credit union.
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How can you help control the spread of flu?
Some useful tips for work and home: Wash your hands regularly with soap and...
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Scam Alert From the IRS
In recent weeks, a phony e-mail claiming to come from the IRS has been circulating...
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Welcome to SIU CU’s New Blog
Welcome to the new SIU Credit Union Blog If you’re interested in contributing posts, articles,...