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Finance 101

It's Credit Union Month

Posted on October 01, 2018 by Jake Ward, CMSE – VP of Marketing

October 18th is International Credit Union Day! This day was established in 1948 to reflect on the credit union movement’s history, promote its achievements, and to share member experiences.

Credit Unions are full-service financial institutions but they won’t frighten you away with fees or their interest rates. Because credit unions are not-for-profit financial institutions, they return more to their members in the form of little or no fees and lower interest rates compared to bone-chilling banks.

There are no tricks at credit unions, only treats! Credit unions were founded on the philosophy of people helping people. They are ready to assist their members and want to help them reach their financial goals. Credit union members are more than just an account number and a transaction when they walk into a branch. They are members who make up the fabric of the credit union.

Credit unions treat their members like they own the place because they do. Credit union members have ownership in it, unlike banks which are owned by shareholders. Credit union members have the ability to vote on its volunteer-run board of directors. Bank customers have no say in how the bank is managed.

At R.I.A. Federal Credit Union, we act as if the entire month of October is International Credit Union Month. Help us celebrate with these ghoulishly-delightful events!

International Credit Union Day – We will have cookies and giveaways at all of our branches on October 18th 12 – 3 pm. During this time our members can enter to win $100! Stop by to get your banking done and have a treat! You deserve it.

Shred Day – Don’t let your piles of old paperwork and documents scare you this Halloween! Stop by our Corporate Center at 4343 Utica Ridge Road in Bettendorf on October 19th! This event is free, although we will be collecting donations for the United Way of the Quad Cities for those who would like to support this great organization. This event is open to members and non-members of the community.

Scratch Cupcakes – Mark October 26th on your calendar! Scratch Curbside will be at our Corporate Center again! The truck will be in our parking lot 11 am – 2 pm. This is open to members and non-members. Plan on coming by early though, or you may be haunted by visions of sold-out cupcakes!

Don’t let your finances scare you this Halloween! Check out R.I.A. Federal Credit Union to see how we can assist you. Membership is open to the entire Quad Cities community. Happy Halloween!