What is required to qualify for membership at America's Credit Union?
What is live, work, worship, or attend school in Dallas, Rockwall, and Collin Counties?
What is the leading international trade association and development agency for credit unions and cooperative financial institutions?
Who is the World Council of Credit Unions?
What Government agency provides insurance for the money held at a credit union so that it can't be lost in case of a catastrophic vent?
Who is the NCUA? National Credit Union Association.
What makes credit unions different from banks? a. Credit Unions are not-for-profit b. Credit Unions give every member a credit card c. Credit Unions do not offer debit cards
What is a. Credit Unions are not-for-profit?
What is the most popular type of loan taken out at a credit union?
An auto Loan
An America's Credit Union member must maintain a balance of ____ in membership savings: a. $50 b. $25 c. $10
What is b. $25?
The first credit union in North America was founded in: a. Quebec, Canada b. New York City, NY c. Toronto, Ontario
What is a. Quebec, Canada?
Under which U.S. president was the Federal Credit Union Act passed? a. Herbert Hoover b. Franklin Roosevelt c. Harry Truman
Who is b. Franklin Roosevelt?
Banks use their profits to pay out stockholders. What happens to the profits made by a credit union? a. They are reinvested in the institution or paid to members b. They are paid to stockholders c. Nothing; there are no profits
What is a? They are reinvested in the institution or paid to members.
What is the fee and minimum balance for a KASASA Checking Account?
No minimum balance and No Fee!
Name the 3 counties that America's Credit Union provides financial services to....
What are Dallas, Collin, and Rockwall Counties?
Approximately how many members do credit unions have worldwide? a. 2.3 million b. 96 million c. 172 million d. 411 million
What is c. 411 million?
Where was the first credit union in the United States opened?
Where is New Hampshire?
Credit unions can save members money when they purchase a house and take out a mortgage because:
What is, lower closing costs and fees?
What are the terms of a share certificate and what is the minimum deposit?
Fixed rate terms from 3-60 months and a minimum opening deposit as low as $500.
How many ATMs are available "in-network" for America's Credit Union Members in the DFW Area? a. 5 b. 32 c. 100
What is c. 100?
There are 100 Money Pass ATMs in the DFW Area and 8000 around the USA offering FREE access to America's Credit Union Members. KASASA Checking will reimburse up to $25 monthly for "out-of-network" ATM fees.
How many credit union branches are linked worldwide in the Share Branching network? a. 46,000 b. 152,000 c. 100
What is a. 46,000?
Credit unions in the United States were established to fight against: a. the government b. loan sharks c. banks
What are b. loan sharks?
What is the primary complaint about credit unions from the banking industry?
What is Competition?
Because they are Not-For-Profit, Credit Unions can offer lower interest rates on loans and higher yields on deposit accounts.
What types of coverage does 7 Insurance offer?
Auto, Home, Business and Renters
What year was America's Credit Union founded?
What is the year 1934?
It was started by Kraft American employees (Kraft Cheese and Macaroni) 90 years ago in Denison Texas.
Who is the largest Credit Union in the World? a. America's Credit Union b. Navy Federal Credit Union c. TXCU
Who is Navy Federal Credit Union? With over 10 million members.
TXCU has 120,000
Americas Credit Union 31,000
In what country and what group of people first developed the financial organization we now know as a Credit Union?
Who are independent farmers in Germany?
The average interest rate charged on a credit card at a bank is 15.5%. What is the average interest rate charged on a credit union credit card? a. 8.9% b. 12.15% c. 18%
b. 12.15%
What are 2 out of the 4 benefits of applying for a Home Equity line of credit?
-Easy to access funds
-Competitive Interest Rates
-Loans up to $250,000
-Loan-to-value up to 100%