Challenge young ones to save with a savings tracker!
Keep your computer and mobile devices’ content secure by maintaining strong passwords, making them secret, and keeping track of them. A compromised password could lead to identity theft or other dire consequences. A criminal could use your information to apply for credit cards or mortgages, or to make online purchases or other transactions.
The first rule of thumb for creating strong passwords is to use a different password for each of your accounts. It may be easier to keep track of just one password, but if a crook discovers that one password, he or she can access all of your accounts.
The second key to a robust password is to make it lengthy. At a minimum, your passwords should be eight digits long, and 14 digits or more is ideal. Using the greatest variety of characters possible in your passwords—letters, numbers, symbols—makes them harder to guess or uncover with malicious software.
MADISON, Wis. (11/8/10 CUNA)–Consumers who conduct their financial transactions at credit unions have a more positive view of their personal finances than those who don’t, according to a recent survey. And that has prompted Bankrate to look at what causes the correlation between belonging to a credit union and being financially sound.
“According to credit union data released from the Discover U.S. Spending Monitor in September, 38% of credit union members rate their personal finances as good or excellent, compared to 30% amongst noncredit union members surveyed,” said a blog posting on Bankrate.com (Nov.4). “Just 17% of credit union members rate their finances as poor, while 29% of noncredit union members feel the same way.
“Twenty-one percent of credit union members feel their finances are getting better compared to 19% of noncredit union members, a two-point difference,” the blog continued. “Both groups also differ when it comes to whether their personal financial situation is getting better or worse; 48% of credit union members feel their finances are worsening compared to 51% of noncredit union members, a three-point difference.”
What causes the correlation between being financially sound and belonging to a credit union?
Is it time for consumers to dump their banks? That’s a question the CBS Early Show posed to consumers in a highly positive Thursday story about credit unions.
The story, “Credit Unions Better than Banks For You?” compared credit unions with banks, touting credit unions’ benefits–including low rates, member service and the fact that credit unions are still lending, even though many banks have pulled back.
“[Consumers are] tired of all the big fees being imposed by the big banks, they’re tired of the really bad customer service…so they’re making the switch from the banks to the credit unions. Membership was up 11% in the third quarter,” said “Early Show” financial contributor Vera Gibbons.
“If you look at the bank loan portfolios, they’re actually shrinking, whereas the credit union loan portfolios are growing,” she added. “What that means–is if you’re a creditworthy customer you stand a better chance of getting a loan at a credit union than at a big commercial bank.”
WASHINGTON (12/14/09 CUNA)–Credit unions offer better rates on credit cards, personal finance guru Suze Orman told Larry King on Larry King Live Thursday.
King asked Orman if credit unions are a better option for those interested in transferring their credit card balances to credit unions from a bank.
“Yes, yes, yes, yes,” Orman said. “Credit unions–especially ones that are federally chartered–the maximum interest rate they can charge you is 18%. Now, while that may sound like a very high interest rate, the truth of the matter is many of these banks today are charging 29.99% interest.”
“So here is what I am suggesting. I think the United States of America–all of you should start looking into credit union credit cards and do a balance transfer,” Orman said.
Job interviews can be challenging and stressful. Planning ahead and being prepared for hard questions will give you an edge. Here are some tips to ensure a smooth interview.
Send a follow up “thank you” letter to the interviewer showing your appreciation while conveying your continued interest in the position.
-Tracy Frischkorn, HR Director