Choosing The Right Financial Institution

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.

Even though the total intrest is lower with the Discover Bank, I think that the Citizen Bank gives the better loan deal. If I was to choose the Citizen Bank loan, I would end up paying $539.40 more then with the Discover Bank but there are other factros that need to be viewed over. The Citizen Bank deal is better because the payment each month is $256.85 instead of $413.94, and I lso have five years to pay off this loan. This loan is the more realitic loan for me because I may not have the money to pay $413.32 month, but could afford the 256.85.

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.

After reading provided documents my goal is to determine your financial strengths and weaknesses and suggest different

In conclusion, the credit union of the future will best serve its members by offering low interest rates, friendly service, and a chance to have a say in decisions. Credit unions are superior to banks in most aspects, and they are nonprofit, which is beneficial to the

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.

Financial well-being even in the most difficult times takes a great deal of discipline and self-control. And those qualities have to be exerted even when things are going well and you have a surplus in your individual bank account. The old adage says that you must find a way to expect the unexpected. That might not be realistic, of course, but if you can find ways of preparing yourself and your finances for even the worst-case scenario, you’ll be able to maintain a solid state of mind even if the most awful financial situation comes to pass.

I have chosen to open a checking account with Hudson Valley Federal Credit Union. This bank is for any person living in the Hudson Valley in New York State. Therefore, there are no special requirements besides geography that determine eligibility for this credit union. I also looked at Bank of America and Wells Fargo. After reviewing all the options for different accounts and the pros and cons of each bank, I believe Hudson Valley Federal Credit Union is the right bank for me.

- you want to find a bank that won’t charge you to keep a checking account there with a low minimum. You probably want to find a bank that has a lot of ATM’s in your neighborhood. That’s because banks often charge you on average, almost $2 to use another bank’s ATM, every time you get money. Pay attention to fees.

9. How do the primary risks of credit unions differ from banks? From savings institutions (SIs)? From finance companies?

Credit unions are similar to banks in that they offer many of the same services such as check and savings accounts as well as loans. Deposits are also federally insured with credit unions as they are with banks. Credit unions combine these services with many other benefits such as personal service, generally lower interest rates and higher investment returns.

For my checking account, I would choose U.S. Banks Easy Checking because the overall payments are far less than the other two banks. Most of the fees are from $5-$15 dollars less than Chase and Wells Fargo which will save me more money eventually.

Banking online is a recently developed convenience. How often do you forget to pay your bills? With online banking your bills are paid on time. You also have immediate access to your bank statements updated by the minute.

-Products: While many financial institutions offer similar products, you may find that some fit your needs better than others.