credit union
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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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My Credit Union Story
For the past couple of days, a good friend and co-worker has been continually reminding me that I have yet to turn in an article for our blog. Since I finally realized his persistence is both shameless and tireless, I decided I better get started. “This won’t be hard,” I thought to myself. After all, I oversee compliance for the credit union, so I could just choose one of the hundreds of regulatory changes currently affecting the financial sector, write a short blurb, and be done with it. However, let’s face it…there are only a few of us nerds out there who actually enjoy reading the minute details of upcoming lending mandates or interchange legislation. So I thought I would start off with telling my story about what I have learned first-hand about credit unions.
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Going on Your Next Employment Interview
Job interviews can be challenging and stressful. Planning ahead and being prepared for hard questions will give you an edge. Here are some tips to ensure a smooth interview.
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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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Having a Hard Time Making Your Car Payment?
Refinance your auto loan with us. Did you finance a car in the past year...
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Get Back in the Game After a Job Loss
A major challenge when losing a job is to move ahead and find new work,...