When it comes to your hard-earned money, ensuring its safety is a top priority. You may be considering joining a credit union and wondering, "Are credit unions FDIC insured?" This is an important question, and we're here to provide you with all the information you need to make an informed decision about your finances.
In the realm of personal finance, making informed decisions is paramount. One question that often arises is, "Are Credit Unions Safer than Banks?"
If you’re looking for a short answer, you’ll be happy to know that we’re not making you read the whole post: Credit Unions and banks are roughly identical in safety because deposits at both are insured by the Federal government to $250,000. Read more here about how to increase your insured deposits at Logix beyond $250,000.
Longer answer: Well… maybe just a little bit safer. You should read more about that below. But there are 1,000 other reasons why credit unions are a better home for your financial relationships than banks. With safety being essentially the same, consider that your deposit at a credit union goes directly to helping people in your community get a loan or other banking services instead of lining the pockets of a bank owner.
Let's delve into this topic, focusing on what makes credit unions a unique and secure option.
Summer is in full swing and so is peak travel season. And while July is a prime time to get outdoors and cash in on any plans you may have, whether at home or beyond, the reality is that financial concerns (and recent credit interest rate spikes) remain a pain point for many of us.
Here are five steps to take to boost your financial health and reduce your worries this summer.
In the fertile financial fields of California, there lived a pragmatic farmer named Fred. With his sensible hat and sturdy boots, he was an emblem of resilience in this tumultuous terrain, where bulls and bears danced their unpredictable dance, and Wall Street wolves roamed. Yet, Fred was armed with a unique arsenal - his magic seeds, each representing a distinct investment strategy.
Let's follow Fred's journey as he cultivates a diverse financial garden and reaps the abundant rewards of his strategic sowing.
In celebration of Financial Literacy Month, we'd like to offer up five suggestions on how to make money a fun, applicable, hands-on topic for the youngest members of your household. While many of us view children and finance through the lens of what we’re spending, we don’t often consider the power of our own example.