Category: Money
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“TestiMONIES”: Let Your Credit Union Members Testify!
Published by CUEvangelist – March 11, 2024 Judge: Do you solemnly swear or affirm to tell the truth, the whole truth, and nothing but the truth? Witness: Yes, I do. Credit unions – members are the best witnesses to testify about money matters. “TestiMONIES” are an excellent tool to get…
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Why People Are Switching to Their Hometown Banks
Community banks and credit unions are outperforming the banking industry as customers push back against consolidation By Imani Moise, Wall Street Journal – March 5, 2024 Jana Dalton used the same bank for 40 years, depositing checks and withdrawing cash from the account she first opened at age 16. Now, she’s switching…
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The Color of Money: Black Banks and the Racial Wealth Gap – A Book Summary
By Mehrsa Baradaran A Book Summary by CUEvangelist – February 19, 2024 “The Color of Money: Black Banks and the Racial Wealth Gap” by Mehrsa Baradaran delves into the complex history and current state of accessing capital in African American communities. This book explores the deep-rooted racial wealth gap in…
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CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions
Published by CFPB Newsroom – February 16, 2024 Switching to a lower rate could save the average borrower hundreds of dollars per year WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The survey data…
