SAN FRANCISCO (6/22/15)--Given their close relationship with their members and communities they serve, credit unions will be interested in the latest advice from personal finance website NerdWallet for people seeking a financial institution (FI): match the values of the institution to one’s own values.
NerdWallet staff writer Margarette Burnett’s Friday blog, “How to Find a Bank or Credit Union That Matches Your Values,” offers five tips for finding a credit union or bank. The blog features advice from Robin McKenzie, senior vice president at Redwood CU, Santa Rosa, Calif., about two of the tips: read mission statements and look for awards and recognition.
In its first paragraph, the article notes that FI seekers ‘might also consider a company’s values, and where it invests time and resources, before choosing to open an account there.” But first identify which issues are important.
Most FI websites carry the organization’s mission, vision and values, McKenzie said in the article. Consumers can check whether these align with their own values and whether the FI’s stated mission and values are what it lives by each day.
She also directed readers to the FI’s “News” section, which may highlight what it does for the community, as well as “Best Places to Work” lists and other roundup articles about community activities.
The five tips include:
Look at your values;