Credit Unions Online
5 More Banks Taken Over by FDIC on November 6th
November 07, 2009
The FDIC took over 5 banks on Friday, November 6, 2009. The banks taken over are located in California, Georgia, Michigan, and Minnesota.
First Time Home Buyer Tax Credit Extended Until April 2010
November 06, 2009
It's finally official, the home buyer tax credit is getting an extension into 2010. More home buyers are eligible and income limits have been increased.
Fourth Lincoln Bicentennial Coin Coming November 12
November 05, 2009
The United States Mint will release one-cent coins bearing the fourth-and final-new reverse design Lincoln Bicentennial One-Cent Program on November 12, 2009.
Mortgage Rates Drop Below 5.00 Percent For Week Ending November 5
November 05, 2009
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey, for 30 year fixed rate mortgages average 4.98 percent for the week ending November 5.
Credit Union Credit Card Rates Average 20 Percent Lower Than Banks
November 04, 2009
Credit unions offer significantly lower advertised rates compared to bank credit cards with penalty fees that were half the cost of comparable bank fees.- More News and Articles >>
About Credit Unions
A credit union is a non-profit, cooperative financial institution owned and operated by its members. Organized to serve and democratically controlled, credit unions provide their members with a safe place to save and borrow money at reasonable rates. Credit unions differ from banks and other for-profit financial institutions in that members of a credit union are also owners. The credit union board of directors are elected in a democratic one person-one vote system regardless of the amount of money invested in the credit union. Not for profit, not for charity, but for service is a credit union motto. Since profit is not a motivation, credit union interest rates have been historically favorable for consumers compared to banks.
Credit Unions offer services similar to banks, including savings accounts, certificates of deposit, checking accounts, home mortgages, auto loans, home equity loans, credit cards, retirement accounts (IRA), online banking and bill pay, and more. Check with your local credit union for their services.
Credit Union Membership: To join a credit union, you must be eligible for membership. Each credit union decides who it will serve. Most credit unions are organized to serve people in a particular community, group or groups of employees, or members of an organization or association. Many communities have credit unions that are community-based credit unions, allowing anyone living or working within the community to become a member of the credit union. If you are a relative of a credit union member, you are also eligible to join.
Home Ownership Moves the Economy Act of 2009 aims to extend the first time home buyer tax credit.
Along with a great price on that new car, there are tax incentives to purchase a new vehicle.
Congress Considering $8,000 Home Buyer Tax Credit Extension
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