Belvoir Federal Credit Union - Community Updates

CBS and Credit Unions

2010-01-14T05:00:00Z

CBS Moneywatch, Suze Orman: Time to join a CU

NEW YORK (1/13/10)—It’s time to say goodbye to banks and join a credit union, according to CBS Moneywatch.com, which touted credit union’s lower fees, better rates and the Credit Union National Association’s (CUNA) credit union locator. Also this week on CNN, financial guru Suze Orman encouraged consumers to obtain credit cards from credit unions.

Steve Brobeck, executive director of the Consumer Federation of America, told CBS that “credit unions charge lower fees and loan rates than banks and pay higher savings yields.” The article said credit unions pay 0.3% more on share certificates than banks do on certificates of deposit.

CBS noted CUNA’s Ratedex site, and compared credit card and savings rates at credit unions and banks.

Credit unions can often return more on savings and charge less on loans because “the credit union channels any excess funds back to its members,” Mark Wolff, CUNA senior vice president of public relations, told CBS, which links consumers looking for a credit union to the locator tool on CUNA’s www.creditunion.coop site.

Dupaco Community CU, Dubuque, Iowa; Boeing Employees CU, Seattle; Digital FCU, Marlborough, Md.; and other credit unions also received favorable mentions in the article. The MoneyWatch story opens by recounting the story of Dupaco members Steve and Angela Olson, a police officer and high school teacher, who quickly and successfully refinanced their home equity line through the CU and saved more than $300 a month after having no luck at area banks. “I wish we checked into a credit union a while ago,” Steve Olson said.

In other news, Orman told CNN’s Campbell Brown that she is upset because banks continue to reap profits while charging consumers high fees and interest rates. Orman advised consumers to find a good credit union credit card.

“Federally chartered credit unions can’t charge you more than 18% [in interest],” Orman said. “Credit unions care about their members; banks care about their shareholders. Credit unions are going to take better care of you.”

To watch the video, please click the link below.

Article taken from: www.cuna.org/newsnow/10/system011210-8.html on January 14, 2010.

Why is a credit union better than a bank?

2009-11-30T10:00:00Z

Why is a credit union better than a bank? Read all about it in the money section on MSN

Instant Cash Back - What do you think?

2009-09-03T08:00:00Z

Belvoir is now offering 1% CASH BACK on the entire amount you finance or refinance for an auto loan. Get more details here!

Saying Thank You To Our Troops Overseas

2009-06-23T04:00:00Z

Did you ever wonder how you would say thank you to someone who defends your county and protects your life? Well, here’s a simple way that says it all… Saying Thanks in support of our troops postcard. The men and women overseas love to receive mail from the states to let them know they are in our thoughts and prayers. So this July, send a card to show your support to our troops. Visit www.letssaythanks.com

Community Blood Drive - American Red Cross

2009-05-19T04:00:00Z

Belvoir Federal Credit Union will be sponsoring the American Red Cross’s blood drive on June 5, 2009 from 10:00 AM to 3:00 PM at the Woodbridge Branch (14040 Central Loop, Woodbridge, VA 22193).

For your convenience we are offering the ability to schedule your appointment online by clicking here. The Sponsor Code for this drive is 13504.

American Red Cross Fact: 4.5 million Americans would die each year without life saving blood transfusions… and your single blood donation could help save up to three lives.

Did you know Target is donating 3 million dollars to communities? VOTE NOW and you can decide who will receive the millions.

Memorial Day

2009-05-18T04:00:00Z

For the federal holiday formerly known as Decoration Day, Memorial Day commemorates the U.S. men and women who died while serving their country. Some fly flags at half-staff until noon, others visit memorials, and some people place flags or flowers near our fallen heroes. So, how will you celebrate Memorial Day?

Support The Troops

2009-04-30T08:00:00Z

Did you know May is Military Appreciation Month? With all that is going on in the world today, it’s great to give back to those who are out their fighting to protect our country. This May make the difference by showing your support to our troops by:

1. Displaying the Red, White, and Blue Flag that represents our nation

2. Send and email of thanks to AMillionThanks.org

3. Ship a care package to a soldier overseas at uso.org/donate

4. Write an inspirational message at AmericaSupportsYou.mil

With all that the troops do in order to serve and protect our country, let’s give something back and show our support this Military Appreciation Month.

Cherry Blossom Festival 2009

2009-03-20T04:00:00Z

Belvoir will be participating in the Cherry Blossom Festival on April 5, 2009, to show our support for Children’s Miracle Network. Please post your comments and let Belvoir know what you think of our involvement in the community. Click here to view pictures of Belvoir Federal’s participation!

Did you know?

2009-02-02T05:00:00Z

Non-members can join Belvoir Federal Credit Union for only $5 deposited in their Prime Share Savings Account. That’s right, so what are you waiting for? Join now and tell the world what you think of Belvoir Federal in our community blog section.