Prefixlist.com’s Post

TFSA - Beneficiary vs Successor Holder A TFSA beneficiary receives the account funds tax-free when you pass away and can make an exempt contribution afterwards. A successor holder (only a spouse/partner) can take over the TFSA, keeping it intact and tax-free. #financialplanning #TFSA

#regulations #nclt #bankruptcy #standardoperatingprotocol #creditors #insolvency New guidelines soon to speed up admission of cases in NCLT

How can your #communitybank offer #internationalpayments services in a simple, cost-effective way? Listen as Chasity Bruce explains the benefits of working with ICBB. Learn more about our international services at https://ow.ly/shK150RxkiL #communitybanking #correspondentbanking #internationalwires

We always encourage our members to save responsibly, but we know how difficult this is in today's #CostOfLivingCrisis 🫰 WCU loans are affordable and accessible, with a holistic approach to decision-making. We look at circumstances; not just credit scores 💚 https://lnkd.in/etJTEQj2

🎉Celebrating 90 Years of the Federal Credit Union Act of 1934! 🎉 Today marks a significant milestone in the history of financial security and cooperative banking—the 90th anniversary of the Federal Credit Union Act! At American Share Insurance (ASI), we are thrilled to celebrate this landmark legislation with credit unions everywhere. For nine decades, the Federal Credit Union Act has provided a robust framework for the growth and stability of credit unions across the nation. Its establishment paved the way for financial inclusion, community development, and member-focused banking services that millions rely on today. At ASI, we are proud to play a crucial role in this ecosystem by offering the only private deposit insurance option for credit unions in the United States. Our commitment to supporting credit unions, including safeguarding the deposits in our member credit unions, remains as strong and unwavering as ever. Join us in honoring this remarkable anniversary and the enduring legacy of the Federal Credit Union Act. Here's to many more years of financial empowerment and cooperative success! #90Years #NationalCreditUnionAct #GoldenAnniversary #Cheersto50Years #ASICommunity #CreditUnionLeadership #CreditUnions #AmericanShareInsurance #TheCreditUnionAdvantage #AttractProtectRetain #ESI #ExcessShareInsurance #DepositInsurance #CreditUnionInsurance #advocacy #advocacymatters #FCUAct90

Our new BankOn Certified Community Checking Account provides an easier way to manage your finances with a free Debit Card, free direct deposit and check cashing, and no overdraft, monthly, or minimum balance fees. https://bit.ly/3SNkSfv #FinancialResourcesFCU #FRFCU #PuttingPeopleFirst #CheckingAccount #EverydayChecking #NoOverdraftFees #NoFees #CommunityChecking

Some years ago, I was invited to a National Conference on #microfinance where I shared the dais with the minister for Women and Child Welfare of that state. I interacted with Self-Help Group members who shared their grievances of dealing with banks; loans not sanctioned or inordinately delayed, impounding of group savings as security for the loan etc. When it was my turn to speak, I tried to enlighten the SHG members of their rights; while a branch manager is within his powers to deny a loan, it is within their right to know why it was, the customer charter that banks have etc., and how RTI can be used if you hit a roadblock. After the meeting, bankers in the audience rushed to me and said, 'you are one of us, how can you speak like that'? Had a somewhat similar experience recently, when I did some plain speaking in another context? Am beginning to wonder whether I should accept speaking engagements or just shut up and not annoy our fraternity. Or better still, guys please stop inviting me to speak. Please! #plainspeak

Get “Zen” about your finances! Our BankOn Certified Community Checking Account is perfect for managing your finances with a free Debit Card, free direct deposit and check cashing, and no extra fees. https://bit.ly/3SNkSfv #FinancialResourcesFCU #FRFCU #PuttingPeopleFirst #CheckingAccount #EverydayChecking #NoOverdraftFees #NoFees #CommunityChecking

Lending money to a friend or family member in need sounds like a natural and informal sort of thing to do. But beware – if relations sour and your friend/relative can’t or won’t repay you, you may not be able to reclaim your money. The danger is that, if you should have registered as a credit provider in terms of the NCA (#NationalCreditAct) but didn’t, the loan would be an unlawful credit agreement and would therefore be void and unenforceable. You could even face penalties for non-compliance with the requirement to register. Read more here: https://shorturl.at/dfgV9 #sealedwithahandshake #informalloanagreement #lendingtoafriend

When a debt collector is calling you, this is a letter you can use to get them to stop. #credit #creditrepair #debt #financialliteracy #crediteducation #credithelp