Credit Union
This is the % of credit unions that offer free checking?
82%
$20 bill
This was the year that credit score concept was developed.
1950
A written, dated, and signed draft that directs a bank to pay a specific amount to the bearer.
What is a check
This city of brotherly love was home to the first savings bank creation in 1816.
What is Philadelphia?
Without credit unions, --- this amount of jobs would disappear.
90,000
17
This is the range of credit scoring.
300 to 850
Accounts that provide benefits such as cashback, higher interest rates on balances, or discounts on other financial products.
What are rewards checking accounts.
This concept is where interest earned is added to the principal balance, so you earn interest on your interest.
What is compound interest?
There are --- times as many female CEOs in credit unions than in banks.
10
This President is on the $100 dollar bill.
Benjamin Franklin
This is a system used by lenders to gauge credit worthiness of potential buyers and weighs five characteristics of the borrower. The five characteristics are character, capacity, capital, collateral, and conditions.
The 5 Cs of credit
This checking service can cover transactions when you don't have funds available. Warning: this service often comes with fees or interest charges.
What is Overdraft protection.
This type of savings offered by credit unions offer higher interest rates compared to traditional savings accounts.
What is high-yield savings account?
This is the key difference between a credit union and a traditional bank.
Credit unions are not-for-profit organizations owned by their members, whereas banks are for-profit institutions owned by shareholders.
This number of bills equals 1 pound.
454
The amount of money that an applicant has
What is capital.
Somes accounts require a this to avoid fees or earn interest.
What is a minimum balance requirement.
The use of this service can help build savings over time without having to think about it?
What is an automatic transfer?
This was the year that UT Federal Credit Union was formed.
1969
This percentage is how much physical money is currently exchanged worldwide.
8%
This is the borrower's reputation or track record for repaying debts.
What is a debit card?
Financial advisors recommend keeping this amount (months) of living expenses in a savings account for emergencies.
What is 3 to 6 months?