May, 2013

Why It’s Time to Take a New Look at Credit Unions

by Sheryl Nance-Nash When you think of a credit union what comes to mind? Credit unions, like banks, are federally insured financial institutions that provide banking services and loans for their members. They are non-for-profit cooperatives that are owned by all the members, as opposed to banks, which are generally owned…

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Posted under: Why Credit Unions are Better
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Seven Steps to a Budget Made Easy

Is the economic downturn causing you to consider your personal financial situation? You may be worried about losing your job or how much debt you have. Avoid a potential personal financial crisis; get back to basics with a budget you can stick to. Here’s how to start: Step 1: Set…

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Posted under: Financial Tips for Consumers
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Credit Unions Support Financial Reality Fairs to Help Students

Credit union volunteers gave North Callaway High School students in Kingdom City a dose of real life with a financial reality fair. Using a program called Mad City Money, volunteers from United Credit Union and other organizations helped teach sound money management in May at the school. “The Mad City…

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Posted under: Putting Our Communities First
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Credit Union Tax Status Well-Deserved

Credit unions were created to provide financial services in a democratic, not-for-profit, cooperative manner—that is, with member ownership and control. Those unique characteristics are the foundation of the tax exemption. You may not even realize that your credit union doesn’t pay federal and corporate income tax. Some bankers and their…

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Credit Union Awards College Scholarships

Four St. Louis-area students recently received college scholarships from Arsenal Credit Union based on academic achievements, extracurricular activities, and community involvement. Grace Myers is a graduate of Ursuline Academy and earned a $1,500 scholarship from the credit union. She will attend Creighton University (Omaha, Neb.) to study nursing, ultimately planning to…

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