Miscellaneous
Customer service, communication, attention to detail, problem-solving, adaptability, honesty, integrity, teamwork, professionalism, accuracy and time management.
Name one type of investment that can earn interest.
*Savings
*Bonds
*CDs
*Money Market
*Stocks
Name 3 parts of a check.
*MICR-Account number, routing, check number
*Date
*Payor
*Payee
*Bank name
*Written line/legal line
*Signature
Who is on the $1 bill?
George Washington
Which state had the first credit union in the United States of America?
New Hampshire!
What is the difference between goods & services?
Goods are tangible, physical items that can be bought and sold, while services are actions or activities performed for a customer.
Name 4 types of common insurance.
*Life
*Auto
*Homeowners
*Dental
*Pet
*Renters
*Health
What is the difference between a debit card and a credit card?
Debit card draws money directly from a bank account, while a credit card allows borrowing against a credit limit.
Who is on the $5 bill as well as the penny?
Abraham Lincoln
Who gets the profit that credit unions make?
The members!
What is Fintech?
Fintech is the use of technology to deliver financial services, including applications like mobile payments, online banking, and investment platforms.
What is diversification in investing?
Spreading investments across various assets to reduce risk. "Don't put all your eggs in one basket!"
What does "ATM" stand for?
Automated Teller Machine
Who is on the $10 bill?
Alexander Hamilton
What year was HRCU founded?
1962
What is a W-4 form?
Employee's Withholding Certificate, is a form you complete for your employer to determine how much federal income tax should be withheld from each paycheck. Accurately filling out a W-4 helps ensure you neither underpay nor overpay your taxes throughout the year.
What is an insurance deductible?
An amount you must pay out-of-pocket for covered services before your insurance begins to pay.
What is P2P and what is one common app?
Peer-to-peer (P2P) payment apps allow you to send money to and receive money from friends, family, and businesses. The most well-known apps in the U.S. include Zelle, Venmo, and Cash App.
Which coin and bill is Thomas Jefferson on?
Nickel & $2
Including the Spaulding branch, how many branch locations does HRCU have?
5! Spaulding, Rochester, Dover, Farmington, and Greenland.
What are mutual funds?
Mutual funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own.
What is compound interest?
Interest calculated on both the initial principal and the accumulated interest from previous periods. Often called "interest on interest."
A savings product that earns a fixed interest rate over a set term. You deposit a lump sum of money and agree to leave it untouched until the maturity date, at which point you receive your principal plus the accumulated interest.
Certificate of deposit (CD)
Who is on the $50 bill?
Ulysses S. Grant
The NCUA is responsible for regulating federal credit unions, insuring deposits, and protecting members of credit unions. What does "NCUA" stand for?
National Credit Union Administration