General Banking
What is a Credit Union?
Member has issue with their current Credit Union not having any online services. Whenever they want to check their balances, or transactions, they must go to their closest branch that's 20 minutes away.
What is online banking?
Member's current savings account with GECU only accrues .01% interest and wants to know what we may be able to provide that will earn them money on their balance of ~$100,000.
What is the Thrive Money Market account?
Member doesn't want to use their debit card for EVERY PURCHASE because of security concerns.
What is a credit card?
Member does not have the cash readily available to purchase a $40,000 Ford F150, but can afford to pay for it over time
What is an Auto Loan
Member uses credit cards to finance large purchases such as electronics. Only issue the member has is their current credit card has a 26.99% APR.
What is our credit cards, which offer interest rates only up to 18%.
Member had a terrible experience with their new car getting totaled a week after they purchased it. Their insurance only gave them roughly 80% of the $60,000 balance for their vehicle.
What is GAP?
Member comes in and has $8,000 that they want to deposit and then lend from.
What is a share-secured/certificate-secured loan?