Maryland is the richest state in the union with a median household income of $70,004, a cool $20,000 above the national average. However, as of June 30 Marylands credit unions reported just 61 basis points worth of profit, well below the national average of 0.86% ROA.
International Credit Union Day is a celebration held around the globe on Oct. 18. and more than 196 million credit union members belonging to over 51,000 credit unions in 100 countries worldwide will be invited to celebrate International Credit Union Week with their credit unions.
A new report released last week by the Filene Research Institute indicates that SaveUp, the first free nationwide rewards program that encourages Americans to save money and pay down debt, had a positive impact on savings behavior among those who participated in a six-month pilot study.