Credit Union: Non Profit Organization

If you’re attending University then expect an expensive fee after your course that you are required to pay back each month. Many graduates are still paying their fees even after 5-10 years.

Navy Federal Credit Union is the world’s largest credit union that serves the military and their families. Navy Federal Credit Union is non-profit organization that offer competitive packages to their employees and customers. Navy Federal has a peer 2 peer recognition programs that encourages employees to tell their co-workers how great they are by giving them a virtual “first bump (Fortune, 2016). Navy federal dedicate their services to members, and families that serve in the military. They offer a variety of variety of packages and incentives to satisfy their employees. They promote innovation by providing onsite health benefits, family care programs, compensation programs, and community involvement.

It cost more in the long run unless you can pay it off quickly because of the high interest rates.

Founded in 1942, the Ad Council is non-profit organization that delivers and benefits the lives of society every day. This organization works with tons of companies to promote powerful messages that would have an extreme impact across the country. The Ad Council continues to be the dominant producer in the United States for public service announcements changing the lives of many.

Founded in 1814, Spalding University is one of the oldest colleges formed west of the Alleghenies. Established by the Sisters of Charity of Nazareth, the college was named after it's foundress, Mother Catherine Spalding. The schools academic traditions stem back to when the Sisters first established Nazareth Academy in Nazareth, near Bardstown, Kentucky. In 1825 the Spalding's earliest entrance examination was held with Henry Clay handing out awards. Like with academies for young women in the 19th century, Nazareth Academy conducted not only standard secondary school curriculum but college subjects as well. It also served as a training center for sisters who wanted to teach in other schools. Before the turn of the century, 84 new schools and academies were

Even though credit unions are like banks, Municipal Credit Union provides a safe place to save and borrow money at reasonable rates. Credit Union members are considered as owners regardless of how much money they have on deposit and will always have a vote in electing board members, unlike commercial banks. They also operate to promote the wellbeing of their members. For example, profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates, and lower loan rates. In conclusion, many of the financial institutions today such as commercial banks and credit unions offer many of the same types of services and

Many people often compare credit unions to banks, but they are surprisingly different in a multitude of ways. Founded on the principle of people helping people, a credit union serves the same purposes as most banks, providing services including opening an account, making a deposit, and providing loans. Nevertheless, the main difference between credit unions and banks is that credit unions are run by their members. Each member essentially “owns” a part of the credit union once they open an account and make a deposit. They then have a say in how it runs and they elect members for a board that manages and operates the credit union. However, most credit unions are not open and accessible to all people. A person can be affiliated with a credit union

As a result, credit unions are more personal than banks are, and it is clear that they care about your finances. When you walk into a credit union, it is likely that you are greeted by someone you know, and it is usually a speedy event. Also, since they are owned and operated by the members, the members get a say in the credit union's decisions. Credit unions put the members first, and don't have the main goal of making a profit.

Financial Advisors within the credit union environment have a unique situation. This section details items Advisors need to know, understand and utilize when in the credit union environment. Several important guidelines must be followed:

In contrast to banks, which are usually owned by shareholders, credit unions are owned by the members of that credit union. Because shareholders do not own them, credit unions do not have to implement large fees to make a profit, much like banks often do. Whereas banks mainly focus on profit, credit unions are non-profit; therefore, it is the members of the credit union who make money off of investments. This allows credit unions to place higher value on customer service and satisfaction than on making a profit. Consequently, credit union loans can offer lower interest rates on loans, credit cards with lower annual percentage rates, and lower fees than banks can.

Unlike conventional banking systems, credit unions are non-profit and focus on community and member needs. They offer higher interest rates on savings accounts and lower interest rates on loans and mortgages. Although their organizational structure is tax-exempt, they still

When your monthly student loan payment is lower, you have more options because your debt doesn’t play as significant of a role in your monthly expenses.

“The National Association of Federal Credit Unions (NAFCU) commissioned a study to examine what would happen to the U.S. economy if the presence of credit unions was reduced significantly as a result of eliminating the credit union tax exemption. The authors of the study are Robert Feinberg, Ph.D., Professor of Economics at American University; and Douglas Meade, Ph.D., Director of Research at Interindustry Economic Research Fund, Inc. Previous studies had demonstrated that changes to the credit union tax status in Canada and Australia led to a severe reduction in credit union presence. The resulting reduced competition for consumer financial services led to higher interest rates on consumer loans and lower interest rates on deposits for consumers in those countries. The results of the 2014 study indicate that similar impacts on consumers would be seen here in the United States should the credit union tax exemption be eliminated.” Some of the key findings are “Removing the credit union tax exemption would actually cost the federal government $15 billion in lost income tax revenue over the next 10 years. Gross Domestic Product would be reduced by $148 billion, and 1.5 million jobs would be lost over the next decade as well. The total benefit to U.S. consumers from the presence of credit unions in financial markets was $153 billion over the nine-year period of the study, or $17 billion per year.” (NAFCU 1) Taxing credit unions only results in costing the

If you can live frugally for just a few years and avoid spending your loan money on unnecessary purchases, you will have much less of a student loan balance when you graduate.

Common. Average. Regular. Those are not words that come to mind when we think of a hero. The play Death of A Salesman by Arthur Miller is the story of Willy Loman and his dream of becoming someone well known and rich in life. Aristotle defined tragedy as “the imitation of an action that is serious and also, as having magnitude...in a dramatic rather than narrative form; with incidents arousing pity and fear, wherewith to accomplish a catharsis of these emotions.” The Death of A Salesman story is tragic considering it incorporates the struggles in life, conflicts with family, and the delicate subject of suicide. A tragic hero is a person, whom after making an erroneous decision, his or her life went from favorable to dreadful and led him to his own downfall. Miller believes that the common man has been a tragic hero just for the fact of living life with life throwing obstacles on its way. Miller stated, “I believe that the common man is as apt a subject for tragedy in its highest sense as kings were...the underlying struggle is that of the individual attempting to gain his "rightful" position in his society.” In my opinion, Willy Loman is a tragic hero. Although he is not a king or of high class, Willy is a modern tragic hero because he has a reversal in his fortune, is a moral person, and has a flaw.