In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
As a member and an employee of my local credit union, the question “Why Join a Credit Union” is one I’ve given a lot of thought to.
So here's a fun fact, which also happens to be the reason I’m writing this blog: International Credit Union (ICU) Day comes every year on the third Thursday of October (October 18 in 2018). It’s a big day for credit unions and this year (2018), the theme is “Find Your Platinum Lining.” If you’re wondering why they're messing with your silver lining, they have a good reason. This is the platinum (70th) anniversary of ICU day, which started in 1948 and has been celebrated on the third Thursday of October since then.
Make an impact through values-based banking The term banking is used to describe the act of using your money for your own financial well-being. It could be saving money in a bank account, paying bills in online banking, or borrowing money for a home, vehicle, or for some other purpose.
In the last 10 years, we have made huge leaps in the accessibility of cat videos; there are now even festivals for watching internet cat videos. Weirdly, this access to recreational media is driving expectations of banking technology.
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If you care about the environment, you’re probably doing what you can to preserve natural resources and reduce fossil fuel use. Maybe you’re recycling and using energy efficient lighting. Maybe you’re even sharing rides to save gas. You may buy environmentally friendly products and, if you’re really serious about how to protect the environment, invest in companies and options that are kind to the planet.
I’ve worked in the financial services industry for over thirty years and I’ve seen the industry change in dramatic ways. People often ask “What is the life lesson that has impacted you the most in your profession?” The following story is my answer to that question and the bedrock for my interactions with others throughout my career:
A Great Alternative to Banking Making the choice to invest money in a credit union, rather than a bank, is often a decision that reflects cooperative values and community-building intent. Credit unions and banks offer a similar suite of products and services, but they are formed and run in very different ways.