Fun and Finance

Credit Union

100

This is the % of credit unions that offer free checking?

82%

200

Without credit unions, --- this amount of jobs would disappear.

90,000

300

There are --- times as many female CEOs in credit unions than in banks.

10

400

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.

500

This was the year that UT Federal Credit Union was formed.

1969

Money

100

The most counterfeited denomination.

$20 bill

200

We've all heard money is dirty. In fact, this number of days is how long the flu virus can live on a bill.

17 

300

This President is on the $100 dollar bill.

Benjamin Franklin

400

This number of bills equals 1 pound.

454

500

This percentage is how much physical money is currently exchanged worldwide. 

8%

Credit

100

This was the year that credit score concept was developed.

1950

200

This is the range of credit scoring.

300 to 850

300

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

400

The amount of money that an applicant has

What is capital.

500

This is the borrower's reputation or track record for repaying debts.

What is character.

Checking

100

A written, dated, and signed draft that directs a bank to pay a specific amount to the bearer.

What is a check

200

Accounts that provide benefits such as cashback, higher interest rates on balances, or discounts on other financial products.

What are rewards checking accounts. 

300

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. 

400

Somes accounts require a this to avoid fees or earn interest. 

What is a minimum balance requirement. 

500

This form of payment issued by a bank or credit union allows you to make secure money transfers electronically to another bank account when making a purchase.

What is a debit card?

Savings

100

This city of brotherly love was home to the first savings bank creation in 1816.

What is Philadelphia?

200

This concept is where interest earned is added to the principal balance, so you earn interest on your interest.

What is compound interest?

300

This type of savings offered by credit unions offer higher interest rates compared to traditional savings accounts.

What is high-yield savings account?

400

The use of this service can help build savings over time without having to think about it?

What is an automatic transfer? 

500

Financial advisors recommend keeping this amount (months) of living expenses in a savings account for emergencies.

What is 3 to 6 months?