Classified Ads

Member Profile Image
Banks Oregon and credit unions are more or less the same thing. They have been around for centuries and have developed special services in order to keep their clients happy. They are both financial institutions that help people save money through savings accounts, or lend them money through loans. They have also helped communities and small businesses develop. Although they offer pretty much the same services a bank is different from an Oregon credit union in some very specific ways.Why Is an Oregon Credit Union Better Than a Bank?There are a lot of things to think about before choosing between a bank and a credit union. Credit unions, for example are non-profit organizations that usually appeal more to people and small businesses looking for some help in time of need. One of the major differences between banks and an Oregon credit union is that you have to be a member of a credit union before you can do business with it. Becoming a member is relatively easy, but it does mean that you have to open an account with the union and deposit a certain amount of money.Depending on what you need, a credit union might be better for you than a bank. Just like banks, credit unions are insured by the NCUA (National Credit Union Association), which is a US federal agency that regulates and supervises credit union activities. The same agency manages the National Credit Union Share Insurance Fund, or NCUSIF for short, which covers the money members lose in case the credit union fails for whatever reason.Another advantage of working with credit unions instead of banks is their premium client services. Being a non-profit organization, credit unions have more “people skills”, so to say. Their employees can manage customer relations better and can also relate better to customers.Why Are Banks Oregon Better Than Credit Unions?Banks have a long standing tradition of being strong financial institutions, which have helped numerous people and industry sectors over the years. Although they have some setbacks, such as financial crises and governmental bailouts, banks continue to be a big part of society, creating new services custom made for their clients’ specific needs.One of the biggest advantages banks Oregon have over credit unions is their sheer size. Usually banks are part of multinational conglomerates, that buy local banks but keeps them operating under their name. This usually means that a local branch of your commercial bank is backed up by a mother-company in Amsterdam or Singapore, for instance, and in the case of the bank failing, the other members of the banks’ “family” will help it get back on track.Also, all bank activity is closely monitored and regulated by federal agencies that look out for any problems that may appear. One of these agencies is he Federal Deposit Insurance Corporation (FDIC). Don’t let the name fool you. The FDIC is a government agency that in meant to promote public trust in banks and other financial institutions by insuring deposits. This means that when a bank fails, for whatever reason, the people that have money with that bank get it bank.Also, banks are known to be more convenient for customers. Because they are for-profit institutions, as opposed to credit unions, they invest in new technology and services that make it easier for their clients to do business. Some of the newer technologies include internet banking, which is actually a pretty neat feature in todays’ fast paced world. Using internet banking is like having access to your bank account and other services 24/7. This makes transactions fast and easy, eliminating the need to look for and actually go to an office branch.Having more services to offer means that banks Oregon can attract more diverse clients, designing specific services and products to their specific needs. Checking accounts with 0 fees, student loans, small business loans and many others are just a few of the custom made services banks can offer their clients, depending on what they want. Thusly, banks have the advantage of appealing to a much larger potential customer base than credit unions.Depending on where you feel most comfortable, banks and credit unions are here for you. You can choose either one. Just make sure you do your research first. Before doing business with any financial institution, spend some time and do your research in order to make the right decision.
Member Profile Image
The great state of Oregon is renowned for things like the cultural scene in Portland, its’ breathtaking forest scenery and some of the best financial institutions in the country. If you’re either referring to a bank or an Oregon credit union, the beaver state has some of the best. Although starting a little late in the credit union game, nowadays some of the best credit unions in Oregon number tens of thousands of members and have millions of dollars-worth of assets. But how can you know which credit union is the best? There are a lot of opinions on the matter and the best thing to do is to try and make up your mind on your own.What Services Does an Oregon Credit Union Offer?To begin with, credit unions are financial institutions that operate on a non-profit basis. That means that they are not designed to make money, as opposed to banks. This also means that they are not subjected to the same taxes as banks and can therefor offer services at lower rates and fees than banks. Being a non-profit organization, credit unions must only make as much as they need in order to keep operations going. That means that sometimes they don’t have the same operating hours as banks do, or the same number of locations. But there are some benefits to credit unions. Firstly, each member of an Oregon credit union has a vote when it comes to choosing the board of directors. Secondly, because they are not in it for the profit, credit unions can offer better interest for deposits and smaller installments on loans.An Oregon credit union can offer almost the same services as a bank does, but with some differences. It can offer credit and debit cards, but depending on the union and the ATM network it works with, withdrawing money can be somewhat of a hassle. But the fees for withdraws are significantly lower than those of banks. Also, credit unions offer deposits much in the same way as banks do. That means that, although they don’t offer the same interest as a bank, they do guarantee the deposit in case of a financial crisis.The main advantage of any credit union is that they are closer to the common man, their man goal being to help small communities and businesses. Loans can be taken out at much more convenient terms than those of banks. But don’t think for a second that that means that credit unions are in any way lesser than any bank out there. Some of them have several decades of tradition and have amassed billions in assets.Which Are the Best Credit Unions in Oregon?You cannot simply say which are the best credit unions in Oregon . There are a couple of ways of looking at this question. First of them is to consider when the credit union was founded. Granted, the first credit unions founded in Oregon aren’t around anymore, one could consider a credit union that has been around for more than half of century to be a well-established institution. Oregon has many credit unions operating around the state, with some of them having some real history behind them. In any case, in the financial world, long life means trust and stability. It also means that the people are used to working with it and have come to rely on it for support.Another way to look at things is from a number of members perspective. The more members a credit union has, the better it technically is. With the development of the cities and the growth of the population due to industry expanding, more and more people have decided that a credit union is the way to go. From hundreds at the beginning, some credit unions have come to have tens of thousands of members, some of them even crossing state lines.Yet another way of deciding which credit union is the best is the assets they have. Although they are non-profit organizations, the larger credit unions have amassed billions of dollar-worth of assets. The money is used to open new branch locations and to keep operations going smoothly.There is no easy way of determining which are the best credit unions in Oregon. That depends on what the client wants and how his needs are met. You can check out various articles online for an even more in depth analysis of what credit unions are, but in the end it all boils down to personal experience.
Member Profile Image
There are many persons that are scared of the banks Oregon and they will never use any service from them. But are they right to feel this fear? Or, the fear for the banks in Portland Oregon is unfounded? In this article, you will find the main reasons that these people have and if they are valid. You will also find how to correctly use these services.Many people encounter problems while using the services offered by banks. Most of the time it is their fault but this does not stop them to resent the banking system. There are many reasons that can provoke such problems, but only a small part of these problems happens with the bank as the guilty party.Reasons That Produce Fear of Banks Oregon-DebunkedThere are many so-called reasons that appeared and all of them tries to convince you to not use the services from the banks Oregon. If you blindly listen to them then you will lose many opportunities that could help you financially.This will happen because you do not understand the simple fact that banks have appeared and they are tools that should be used to improve your financial situation. Below you will find 2 of the biggest “reasons” debunked:Banks Are ScamsMost people that have lost their houses, cars and other possessions to banks had the impression that banks had this goal from the start. They believe that everything that the banks in Portland Oregon do has the sole purpose to take people’s possessions.What most of them do not understand is that banks will actually lose money if that was their goal. How so? Well, it is simple reasoning. If a borrower pays his rates in time a bank can use them to make even more money.On the other hand, if the borrower does not pay in time, the bank loses that profit, that is why penalties exist, to reduce their loss.A bank will try everything in their power to help the borrower pay the rates. Taking possessions is the last solution for them and the least profitable. Actually, most of the time even after turning the possessions into money it will still not retrieve all the money owed.Using Banks, You Will Only Lose Money!Most people believe that borrowing money from banks is a guaranteed loss. It is true that most of the time this affirmation is true but this happens only because most loans are made for the wrong reasons.For example, loans made for phones, cars, and computers (that are not used to produce money) will always be a bad investment. But this does not mean that a bank cannot be used to make money. Most businesses do exactly that.You can borrow money from the bank, buy a car or any other equipment mentioned above and use it to make more money. By doing this, the value and cash that the equipment will bring you will be much higher than the amount you will pay to the bank.How to Use the Services Offered by the Banks in Portland Oregon?Even if there is no reason to hold any fear against the banks in Portland Oregon this does not mean that you should use their services without any worries. There are indeed some factors that should be feared. What most people should actually fear is their lack of knowledge about the banking system, about the economy in general and their emotional control around money.There are 2 things you should learn and apply the lessons correctly before using banks:Basic economyAnyone should know general knowledge about money. If you do not know how the financial system works then you will never be able to make use of it correctly and you will always be on the losing side of the equation.Before you ask, no, you do not need to pay any money to learn because all the information that you need can be found online. If you do not have the time to make the necessary research then you can find e-books from which you can learn and audiobooks to listen in your spare time.By having all the tools needed and by not using them, then it is your fault that you lose money. It is your choice to ignore all the opportunities that you have and blame the banks for your mistakes.Banking system.At first sight, the banking system can be very complicated. And in some ways, it is but not for you. How so? Well, it is a complex system but most of the complexity is placed on the bank’s staff. For the client’s end, the banks made the situation much easier to understand.Again, all the information you need can be found online. If you use a bank’s service without having any idea how the banking system functions and how the service itself works, then, of course, you will be the one to lose money. This is why you need to learn how the banks Oregon works.