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Mod 3 Fin Lit Banking
1
Transcript
Banking
Any Questions?
Credit Unions
- Customers are "members", deposits are called "shares"
- Non-profit organizations
- May not have all the banking products as major banks
- Inter-branch banking is limited
- Funds are also secure
Signs of a Predatory Small Business Lender
1. Rates too low to be true
2. Aggressive tactics
4. Upfront fees
3. Guaranteed approval
5. Mysterious lenders
Financing Options:
Personal funds
Money from family or friends
Banks
Money from a financial institution
- Funds are secure
- Offer a wide range of competitive and advanced banking
- Inter-branch banking is convenience
Investors
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