Where ls Lhe besL place Lo save money ln Lhe

uS?
8y Zachary 1hornLon
lt ls well eoooqb tbot people of tbe ootloo Jo oot
ooJetstooJ oot bookloq ooJ mooetoty system fot lf
tbey JlJ l belleve tbete woolJ be o tevolotloo befote
tomottow motoloq
neoty lotJ
#Ler hearlng Lhls presenLaLlon my
audlence should"
W undersLand Lhe dlerence beLween a CredlL
unlon and a ConvenLlonal 8ank
W undersLand how boLh llnanclal lnsLlLuLlons
CperaLe
W know whlch bank ls Lhe besL cholce or Lhem
1he uS Lconomy
Is a Cap|ta||st|c Lconomy
|g Debate
'$
WhaL ls a CredlL unlon?
W nonrolL llnanclal
lnsLlLuLlons
Cer Loans
1ake ueposlLs
W Cwned and operaLed
by Lhelr own members
W CperaLe ln Lhe lnLeresL
o lLs own members
1he ConvenLlonal 8anks
W llnanclal lnsLlLuLlons LhaL
are deslgned or prolL
1ake ln ueposlLs
Cer Loans
W re lederally owned
lnsLlLuLlons
W CperaLed or benelL o
Lhelr shareholders
ros and Cons o Lach
Cred|t Un|ons
W ros
Plgher lnLeresL raLes on reLurns and lower lnLeresL
raLes on loans
noL aecLed by lnanclal melLdowns as much as
convenLlonal banks
W Cons
vallablllLy ls llmlLed Lo a ew areas
Low levels o sLalng
CperaLlng 8udgeLs are low
1he CredlL unlon ls very selecLlve o lLs members
ros and Cons
anks
W ros
Pave mulLlple locaLlons Lo serve many lndlvlduals
Pave ma[or lnanclal backlng power
lulC (lederal ueposlL lnsurance CorporaLlon)
lnsured
W Cons
8ad Loanlng
Low lnLeresL raLes on reLurns and hlgh lnLeresL
raLes on loans
Comparlng 8aLes
tate Lmp|oyees' Cred|t Un|on
ueposlL 8aLes ?
W Share/Savlngs 100/101
W Checklng 023/023
8aLes can Change
|fth1h|rd ank
ueposlL 8aLes ?
Savlngs 003033
Checklng 000010
$10000 070
8aLes can Change
Whlch ls beLLer?
uepends
W Where do you work aL?/Who do you work or?
W Pow much money you plan Lo puL ln?
W Where do you llve?
W WhaL are you Lrylng Lo save or?
Concluslon
W 1here are dlerenL opporLunlLles Lo save
money
W 1he besL soluLlon Lo save money ls Lo
undersLand whaL you are savlng or and how
much you plan on puLLlng ln a
savlngs/checklng accounL
Works ClLed
#WhaL ls a CredlL unlon" lovestotqolJecom 2011 Web
11/27/2011
kolakowskl Mark #CredlL unlons" obootcom Web 11/20/2011
5Jcom llLh 1hlrd 8ank 2011 Web 11/20/2011
ocsecootq SLaLe Lmployees' CredlL unlon 2011 Web
11/20/2011
;uesLlons?