Colorado Nonprofit Association’s Post

#RIAs: We believe it's imperative to proactively engage with clients in conversations about their held-away #cash. Many individuals have sizable deposits in traditional bank accounts, earning minimal interest and potentially exposing them to the risk of being #uninsured. We have helped hundreds of advisors uncover billions of dollars through thousands of your clients (depositors). All your clients have savings— they are just looking for a #bettersavingsaccount from you. Read our latest Cash Update. https://lnkd.in/eYANtRse

Customer-owned banks offered average variable home loan rates 0.4 percentage points lower than those offered by major banks, according to the Customer-Owned Banking 2024 Impact Report released last week. The report, released on International Credit Union Day, also found that mutual banks and credit unions give back to their communities at nearly nine times higher than the major banks, dedicating 5.2% of their profits to community and charitable organisations, totalling $38.4 million. Nick May, Beyond Bank's Chief Customer Officer, talks to Channel Nine about why consumers should turn to customer-owned banks for their financial needs. #CustomerOwnedBanking #forandwithcustomers #interestRates #forandwithcommunity

The Cash Conversation is top of mind. If you are not speaking to your clients about cash, I GUARANTEE you someone is..... Let's connect so you can provide a better option to your clients! #RIAs #cash #uninsured #bettersavingsaccount

Provisional Credit | All You Need to Know About Temporary Bank Credits After a Dispute Learn more: https://hubs.li/Q02SpqPh0 What happens to your funds after a dispute is filed? 💸 In our latest post, CEO Monica Eaton explains provisional credits: what they are, why banks issue them, and how they impact both cardholders and merchants. Plus, learn what merchants can do if they believe a provisional credit was issued incorrectly. #ProvisionalCredit | #Chargebacks | #DisputeResolution

Do you feel like "you're just another number" at your big bank? Customers nationwide are switching to local banks like Timberland Bank to get the customer service and support that they deserve. Community banks do more to support local non-profits and economic development in small communities than the big banks. Now is a great time to talk to a banker at Timberland Bank about making the switch. #HowCanWeHelpYou

The FCA is calling on banks, building societies, and payment firms to enhance efforts in making basic bank accounts more accessible, particularly for vulnerable groups who often face barriers to financial services. Key Points: Banks are encouraged to simplify applications and review account denials to ensure fair access. Focus on alternative forms of ID to help those without standard documentation. Successful collaborations with charities, such as those supporting the homeless, have been highlighted as examples of best practices. The goal: more support, better awareness, and consistent outcomes for all. Read on for more: https://heyor.ca/K9dXgd #FinancialInclusion #BankingAccessibility #FCAGuidance #BasicBankAccounts

The FCA is calling on banks, building societies, and payment firms to enhance efforts in making basic bank accounts more accessible, particularly for vulnerable groups who often face barriers to financial services. Key Points: Banks are encouraged to simplify applications and review account denials to ensure fair access. Focus on alternative forms of ID to help those without standard documentation. Successful collaborations with charities, such as those supporting the homeless, have been highlighted as examples of best practices. The goal: more support, better awareness, and consistent outcomes for all. Read on for more: https://heyor.ca/K9dXgd #FinancialInclusion #BankingAccessibility #FCAGuidance #BasicBankAccounts

In the latest episode of #CreditChatLive, NFCC's Bruce McClary had the chance to talk with Experian about financial trauma and its overall impact on your #financialhealth. They also explored common factors that lead to financial trauma, strategies for managing #debt, and what trustworthy resources you can rely on for assistance. Listen at the llnk below: https://loom.ly/EAztjSA #DebtManagement #PersonalFinance #NonProfit #CreditCounseling

What is a credit union bank, you ask. Not for Profit, Not for Charity, But for Service Credit unions are unique financial institutions organized solely for service and not for profit. They offer superior services that are not easily found elsewhere. Their focus is on providing quality services, fair rates and fees, and reliable advice and information to their members. However, even nonmembers benefit from the credit union marketplace as their competition helps in keeping prices lower among other financial service providers. The "credit union difference" lies in their not-for-profit nature, operating as financial cooperatives to serve their members rather than making profits. Though they function as businesses and earn income to cover expenses and maintain reserves for financial stability, they do not issue stock or pay dividends to outside stockholders. Instead, they return earnings to their members through lower loan rates, higher interest on deposits, and lower fees.

Redefining Community Banking Banks are small businesses too, and when they lend money, they expect it to be paid back. But, this doesn’t mean they can’t also be genuine community investors. It's about balancing business with the dignity and worth of every person. Let’s create a future where banks and communities thrive together. Learn more in my latest blog: