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Banking & Finance

Great Lakes acquires Chicago credit union

By Richard Klicki
Aug 18, 2019 5:39 PM - Great Lakes Credit Union announced it has merged with North Side Community Federal Credit Union, the second such merger of credit unions announced within a week.
Worried about a recession? Protect yourself but don't panic

By SARAH SKIDMORE SELL
Aug 18, 2019 6:00 AM - Financial experts say people should consider taking certain steps that are beneficial in any economy but would aid households greatly in a downturn.
Analysis: What is an 'inverted yield curve,' and why does it matter?

Jonnelle Marte
Aug 18, 2019 6:09 AM - Investors are spooked by a scenario known as the "inverted yield curve," which occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.
Robots are solving banks' very expensive research problem

Charlotte Ryan
Aug 17, 2019 6:00 AM - Using so-called artificial intelligence to automate swathes of the research process is quickly gaining traction because cost-conscious investment banks are downsizing.
China promises 'countermeasures' in trade war, unmoved by U.S. tariff delay

By Taylor Telford and Thomas Heath
Aug 16, 2019 10:55 AM - China announced Thursday that it would take "necessary countermeasures" if President Donald Trump moves forward with tariffs set to take effect Sept. 1, continuing the back-and-forth escalation of the trade war even as the conflict elevates fears of a global economic slowdown.
42% of Americans say they can't afford a vacation

By Luke McGrath
Aug 14, 2019 10:12 AM - A new Bankrate survey found 42% of Americans decided not to take a vacation over the past year because of the cost. Americans say they can't afford a vacation
Legistaors provide insight at CCU luncheon

Submitted by Consumers Credit Union
Aug 14, 2019 1:00 AM - Consumers Credit Union recently hosted a luncheon for state legislators at the credit union's administrative headquarters in Gurnee. "The primary goal for the luncheon was for CCU leaders to hear firsthand about issues important to the constituencies of legislators representing our primary service area," said Sean M. Rathjen, CEO of Consumers Credit Union.
360 Degree advocacy is part of the credit union difference

Aug 14, 2019 1:00 AM - Forty percent of Americans do not have funds on hand to cover an unanticipated financial emergency. Credit unions are there to help that 40% - and others - meet their financial needs and improve their lives.
So you think you know credit unions?

Aug 14, 2019 1:00 AM - Most Americans don't know that credit unions can be a great financial partner.
It's time to not just care about your physical health, but your fiscal health too

Aug 14, 2019 1:00 AM - Founded in 1979, HealthCare Associates Credit Union (HACU) was founded by the Illinois Hospital Association, with the goal of serving those who support healthcare. HACU is a full-service, not-for-profit financial cooperative serving Select Employee Groups with staff and members that serve or support healthcare nationwide. We provide low rates on loan products such as student loan financing and refinancing, personal loans, auto loans, credit cards, mortgages and much more.

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