Posted on 30 August 2011
Tags: account debit, Alabama, Alabama Central Credit Union, alabama state, ATM, Automated teller machine, bank balance, Business, carbon copy, Central Credit Union, checking services, Christmas Club, Compact Disc, consumer services, credit union, customer support, debit card, Debit cards, depression, financial crisis, financial institution, financial services, general financial needs, general trust, Goodwill, graph, judgment, Manager Account, minimum balance, money manager, organizational structure, overdraft protection, preference, professional management, repute, savings account, timely services, united states, US, USD, Vacation Club
Alabama Central Credit Union is among the oldest financial organizations in US. It was established in 1938, in the times of depression when US economy was still tumbling due to the financial crisis which started in 1929. Yet the company managed to survive due to its professional management and working ideology.
Goodwill of ACCU
The early reputation of the company is still adding to the value and Alabama Central Credit Union is still considered to be an institute of good repute. There is always a rising bar of membership graph. This signifies the general trust people have on the services of Alabama Central Credit Union.
On Scale Of Judgment Parameters
Any financial institution is known and judged by the variety of consumer services it offers, the ease of services it offers, and overall, the customer support it offers. When we judge Alabama Central Credit Union on these fronts, we achieve a good result. The company has provided admiring services in all of the areas mentioned above.
Structural Performance
The organization serves over 800 companies within Alabama state. The organizational structure is well formed to serve thousands of employees of these companies with high quality of financial services. The composition of services is specially designed to meet the immediate and general financial needs of groups and individuals.
Checking Services
If we analyze the checking services, we observe well managed units of service offerings. Check Plus, Money Manager Account, Debit Cards, and Direct Deposits are few services which are known for their quality, integrity, and timely services.
Check Plus Offer
The Check Plus has no monthly fees and is available to state wide consumers without the requirement of any minimum balance limits. A regular monthly statement record for each consumer, with choices of unlimited check writing, consumer’s own preference of check designs, and carbon copy checks, is also offered. Read the full story
Posted on 16 December 2010
Tags: accounts, arrangements, ATMs, Banks, Consumer, consumer over draft act, credit, credit card, customers, Debt, Finance, laws, loan, Mortgage, over draft, over draft limit, overdraft limit, overdraft protection, protection
Loan arrangements under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account customer can write checks or make withdrawals.
Below is given the synopsis of the bill of the Consumer Overdraft Protection Fair Practices Act, reintroduced in congress last year. It was supported by Rep. Carolyn Maloney, D-N.Y., Sen. Bernie Sanders, I-Vt., and Rep. Barney Frank, D-Mass.
Fee Prohibition
It proscribe the depository institutions from asking any levy in relation to an overdraft protection program or service unless the customer has supplied the particular black and white permission for the program or service.
All Terms and Charges in Black & White
It necessitates the black & white revelation of all terms and levies related to overdraft protection programs and services.
Read the full story
Posted on 03 December 2010
Tags: ATM fee, ATM withdrawal fee, bank account balances, Bank Account holders, bank hidden charges, Banks, bounce-check, checking account, free ATM service, minimum balance, over draft, over draft charges, overdraft protection, saving accounts
Most people own their accounts in the banks. Checking account is a small task for account holders. But do you know that you can get a lot of headache in performing this task? You need to learn about those tactics what can help you in avoiding numerous charges put by banks. Here are some helping advises to bank account holders. These will teach you about managing your accounts in the correct way.
Do not ask your bank to provide you overdraft protection
Most banks provide overdraft protection to their customers. You cannot get money from your account in a case where no or less than your demanded money is in your account. But if you have overdraft protection, then you can get money from your account even in a case where no or less money is in your account. The banks however charge a $30 fee or more per overdraft from their customers. Therefore the overdraft protection looks more like a punishment than a facility what your banks provide to you.
The overdraft protection facility was automatically removed in the summer of 2010. The customers now have to ask their banks for availing this protection. The banks will provide this facility only when account holders will ask them for it. Those who think that they do not need overdraft protection should not avail this protection from their banks.
Get a free checking account
For doing the basic checking tasks you should get a free checking account. The term ‘free’ means that no minimum balance is required for keeping the account open. Read the full story
Posted on 21 June 2009
Tags: audits, Automatic Payments, Automatic Savings, automatic savings deposit, bank reconciliation statement, Banks, Bills, Business, business owner, CDs, Clean up Your Files, Computerize Checkbook, Consolidate Your Accounts, credit card, credit card companies, Credit Card Statements, credit rating, creditors, emails, favorable interest rates, finances, higher interest rates, Interest Rates, IRAs, late fees, low interest credit card, mails, Microsoft Money(r), money market, Money Markets, mutual funds, Organize Your Business Finances, overdraft protection, Pay Bills on Schedule, payment of bills, purchase discounts, Quicken(r), savings, savings account, taxes, Unused Accounts
Taking control of your finances can feel like a part-time job no matter whether you are a new entrepreneur or a more experienced business owner. We have given here some simple tips by the help of which you can streamline your time, organize your finances and also reduce the stress of business money matters.
1. Keep Your Bills in One Place
When you have got any mail, you should make sure that it goes in one place. If you have misplaced any bills than it can be the cause of unwanted late fees and it can also damage your credit rating. 
Whether you are putting your bills in a drawer, a box, or a file, you should be consistent about the place where you have kept your bills. Size is also an important factor. If you receive a lot of mails, then you should use an area that won’t get filled up too quickly.
2. Pay Your Bills on Schedule
If bill payment is done at scheduled times during the month then bill paying can be simplified. It is possible for you to establish set times each month when none of your bills will be late, but that depends on how many bills you receive in a month.
If usually you pay bills as you receive them, then probably there are chances that you are spending too much time in front of the checkbook. There’s always a grace period for the payment of bills, although the statement “Payable upon Receipt” may be written on bills. You can call the creditor to know when they need to receive payment before the bill is considered late.
Read the full story
Posted on 11 March 2009
Tags: bank, bank account, Cable TV, credit, credit rating, Credit Score, essential financial habits, financial, fix spending habit, food, good credit score, help credit, how to build asset, how to build capital, how to build good credit score, income, insurance, keep credit in good shape, keep track of money, law suits, lawyer, learn to budget, live frugally, Money, money saving habits, offer insurance, overdraft protection, retail price, savings, spend, spending money
Your credit score in some ways is meant to be a snapshot of your overall financial habits – especially your habits surrounding debts and other financial responsibilities. Developing some good financial habits can help your credit score by putting you in a good financial position.
Good financial habits will ensure that you don’t get into too much debt and that you are able to meet your financial duties easily. There are a few financial habits that are especially credit-friendly:
Learn to budget
One of the biggest reasons that people develop poor credit is overspending. In many cases, this overspending is caused by a lack of budget. A budget can tell you how much you should be spending on each item in your life. This allows your financial life to stay nicely organized.
Contrary to popular belief, a budget does not have to be constricting or boring or complicated. Simply note how much you earn each month, and on a piece of paper, write down how much you really need to spend on savings, rent, utilities, food, personal care, transportation, spending money, entertainment, hobbies, education, and other items. Make sure that you account for every expense.
Then, simply commit yourself to spending that particular amount on each item on your list. Of course, some expenses on your list will change each month – you may spend more on heating bills in the winter than in the summer, for example – but estimating can help ensure that you can meet all your financial responsibilities.
Live within your means
Many people believe that if they only had more money, they would not have to worry about credit. In fact, this is not true. Many people who have money – or at least have all the trappings of money, including cars and nice homes – in fact have terrible credit.
The secret of this is that it is not your income that decides whether you are a good credit risk or a bad one but rather how you handle money. You could be earning $7 per hour and still paying your bills and meeting your financial responsibilities – in which case you will have terrific credit.
You could also be earning $300 000 a year and be in terrible debt and financial shape due to unpaid bills and excessive debt. The best way to ensure that you have a good credit rating – no matter what your income – is to spend less than you earn. That means living below your means. If you have a very small income, you may need to live with roommates in order to keep costs down. If you have a medium-sized income, that may mean saving more and entertaining less.
Read the full story
