California Credit Union’s Post

🌟 True or False? 🌟 Closing your oldest credit card will improve your credit score. FALSE! 🚫 Having a long #credit history works in your favor! Keeping your oldest credit card open demonstrates reliability and shows lenders that you’ve been responsible with payments over time. It can help boost your credit score and enhance your creditworthiness. Want to learn more about managing your credit wisely? Join us at Verity Credit Union, where we're dedicated to empowering you with the #financial knowledge you need! Verity 💳 #CreditScore #FinancialWellness #VerityCreditUnion Credit Union National Association Credit Union Leaders Seattle Good Business Network

Check out Newsweek and TruStone! Where we put the Keystone in TruStone.

Is your credit union cultivating loyalty? A recent study unveiled that over 30% of credit union members consider leaving for reasons related to financial service offerings and the perceived personal value they receive. Having programs to help their financial wellness helps them succeed and become more loyal to the credit union that helps them throughout their life events. Interested in learning more? Join me on May 2nd to discover how engaged members stay members! Visit bit.ly/rsvphere-05-24 to learn more. #FinancialWellness #ImproveEmployeeRetention #FinancialWellnessPrograms #ReduceTurnover #EngageEmployees #BoostProductivity #ThrivingCorporateCultures #CreditUnions

There is a great OP-ED in the American Banker written by Clint Walters, the Chairman and CEO of The First Security Bank, Beaumont, TX. As a former credit union executive, Mr. Walters rips back the veil on the credit union industry. Their tax exempt status and government subsidy no longer supports the original mission of providing low cost services and credit to individuals of modest means. According to Mr. Walters, this subsidy merely allows them to spend lavishly on technology, buildings, executive compensation, and, even, naming rights for sports complexes. This spending comes at the cost of profitability, capital formation, and earnings that should be returned to their "members". Mr. Walters further states that credit unions routinely and intentionally exploit every loop hole the government provides to undercut community banks to weaken and acquire them.

On this date, June 26, a significant historical event for credit unions in Florida occurred in 1934 when President Franklin D. Roosevelt signed the Federal Credit Union Act. This legislation established the foundation for the federal credit union system, allowing credit unions to operate across state lines and providing a legal framework that has enabled their growth and development ever since. This act was pivotal in promoting financial stability and security for millions of Americans, including those in Florida, by making credit available to individuals who were often underserved by traditional banks (MyCreditUnion.gov) (NCUA). #creditunionhistory #Floridacreditunions #Credituniondifference #Creditunions #Americascreditunions #Federalcreditunionact Additionally, the passage of the Federal Credit Union Act led to the creation of numerous credit unions across the state, helping to build stronger, more financially stable communities. This day marks an essential milestone in the history of credit unions, highlighting their role in fostering cooperative financial services and supporting local economies (NCUA). For more detailed information, you can explore resources at NCUA and MyCreditUnion.gov (MyCreditUnion.gov) (NCUA).

🌟 Elevating Member Relationships: A Credit Union Difference 🌟 In the dynamic world of finance, fostering meaningful connections with our members isn't just a strategy; it should be our guiding principle. At U of I Community Credit Union, we know that the key to success lies in prioritizing relationships. When we genuinely understand our members' needs and aspirations, we can offer tailored solutions that truly make a difference. Focus on the relationship, build rapport and trust, and the product offerings will naturally follow. Here's the secret: Listen. Ask questions. Engage. It's through these simple yet powerful actions that we build a trusted relationship with our members. Because when our members know we care, they're more likely to trust us and allow us to help them thrive! Let's continue to elevate member experiences together. Because in the interconnected world of credit unions, strong relationships are our most valuable currency and differentiation. #CreditUnionProfessionals #MemberRelationships #Trust #MutualSuccess #DoMoreGood

Golden 1 Credit Union has been named by Forbes as one of America’s Best-In-State Credit Unions. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Credit Unions 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state. Golden 1 is honored to be recognized on the Forbes list of America’s Best-In-State Credit Unions 2024. #strongertogether #getloudg1

What makes a credit union different from a bank? There are a lot of answers, but here are some principles that credit unions live by to give you the best banking experience. Follow the link below to learn more about us and the communities we serve! https://loom.ly/iXrR1Os

The Credit Union Difference As we navigate today’s complex financial landscape, it's crucial to choose a financial partner that aligns with our values and needs. Did you know that credit unions offer a unique advantage due to their member-focused structure? Unlike traditional banks, credit unions are member-owned, which means they work for you – not shareholders. When you bank with a credit union, you're not just a member; you're an owner with a voice in how the institution operates. This democratic approach ensures better rates, lower fees, and a commitment to personalized service. Bank with a credit union to experience the difference that puts your financial well-being first. #CreditUnionDifference #FinancialWellbeing #MemberOwned #PathwiseCreditUnion

Strategic planning sessions are upon us and I’m presenting and facilitating. Had an idea and you know me, ideas take action. We debate about member loyalty points and costs. And we want generational loyalty. What if the next generation inherits points and prestige value if they are actively engaged! Thoughts? America's Credit Unions Mitchell Stankovic and Associates #creditunion #cu_underground #generationalwealthtransfer