Federal Credit Unions are essentially banks that are owned by their clients instead of publicly traded or what-have-you. Instead of being part of the FDIC, they have the National Credit Union Association (NCUA). They tend to be able to offer higher interest rates on savings and lower interest rates on loans than banks can, due to their mutual-ownership structure. Credit Unions operate as non-for-profit businesses, which can allow their management to use 457 retirement plans, but they are not associated with the Federal government. They do, however, charter under federal regulations, as opposed to state banks. Continue reading...
Credit Unions vs. Banks: Discover the Differences š¦š³ Explore the unique world of credit unions and banks. Learn about membership requirements, advantages, and disadvantages. Make informed choices for your financial future. š°š¤ #Finance #Banking Continue reading...
šµ Exploring BCBS Medicare Plans? Dive into our comprehensive review! Uncover the pros like their wide reach across 41 states, additional coverage during the "Medicare Donut Hole", & stellar 4.3/5 star ratings. But, be mindful of higher costs & state variability. š #MedicareReview #BCBS. Continue reading...