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Banking & Finance

Two major suburban credit unions to merge

By Richard Klicki
Aug 12, 2019 4:22 PM - Schaumburg-based Andigo Credit Union and Consumers Credit Union, based in Gurnee, announced plans to merge Monday, creating the fifth largest credit union in Illinois.
Helping businesses get best bang for their buck

Aug 12, 2019 8:47 AM - An interview with Jeff Ernst, owner of Ernst Consulting Group based in Crystal Lake.
Want to hire millennials? Better help repay student debt

Alex Tanzi and Shelly Hagan
Aug 11, 2019 6:15 AM - Offering such an incentive helps businesses lure prospective employees as they grapple with tight labor market conditions marked by a jobless rate near its lowest in almost five decades.
Zombie debt: How collectors trick consumers into reviving dead debts

By Renae Merle
Aug 11, 2019 6:22 AM - Consumer advocates say there's an accelerating effort within the $11 billion debt collection industry to make profits from debts the financial industry once wrote off.
AmeriLife acquires majority stake in Brookstone

Aug 8, 2019 12:19 PM - Investment advisory services firm Brookstone Capital Management announced that AmeriLife Group LLC has acquired a majority interest in the company, creating one of the largest independent marketing and RIA organizations in the U.S.
Fifth Third to raise minimum wage to $18

Aug 7, 2019 8:35 AM - Fifth Third Bancorp said Tuesday it will raise its minimum wage to $18 per hour its approximately 4,900 employees beginning Oct. 28.
The old rules for building wealth are obsolete

Suzanne Woolley
Aug 4, 2019 6:00 AM - This is not your father's financial planner. That message resonates with a millennial audience that's skeptical of traditional advisers and, in any case, wouldn't get much personalized attention from most of them.
More money can lead to more problems. Here's how to avoid lifestyle creep.

By KELSEY SHEEHY of NerdWallet
Aug 4, 2019 6:00 AM - Curbing lifestyle creep in your 20s and 30s, when you'll likely see your biggest wage increases, can give you more financial freedom down the road.
An Equifax hack settlement offers a $125 payout. The truth is more complicated.

Michael Brice-Saddler
Aug 4, 2019 6:14 AM - There's a lot of fine print, and there are deadlines. If you think your identity has been stolen, there are some critical things you should know before you try to cash out.
Fitch changes Illinois credit outlook to 'stable;' rating remains unchanged

By Greg Bishop
Aug 1, 2019 8:41 AM - Fitch Ratings moved its outlook on Illinois' credit rating from "negative" to "stable" Wednesday, good news for the state, which has the worst credit rating in the nation.

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