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cumulus

Joined: Jan 16, 2010Comments: 136
Forum Threads: 618Forum Posts: 901
Rep Points: 4,031
cumulus

Recent Community Posts


New Technologies Making The Convenience Of Living Cash-Free A Reality
Posted: Sep 30, 2016 by cumulus  |  0 comments  |  Financial News

Consumer Reports details the trade-offs of abandoning paper money.  Nice tutorial, history.

Anyone Using Synchrony Online Bank
Updated: Sep 26, 2016 by MidAtlantic  |  7 comments  |  Ask The Community

Can anyone vouch for Synchrony Bank? I'm considering opening up a savings account because of the high 1.05% interest rate with no minimums or anything read more

Penfed Merges Fourth Credit Union
Updated: Sep 21, 2016 by Frank Walker  |  1 comment  |  Financial News

The $20.1 billion PenFed Credit Union announced Monday its fourth merger of the year after members of the $38.5 million High Plains Federal Credit Union read more

Planning For Retirement? Check Out 'One Of The Scariest Charts In Human History'
Posted: Sep 21, 2016 by cumulus  |  0 comments  |  Financial News

the U.S. has an estimated 72,000 centenarians now, and come 2055, we could see close to 500,000 of them if current growth trends continue. And read more

Robocall Strike Force
Updated: Sep 17, 2016 by Ally6770  |  7 comments  |  Financial News

Good intentions; certainly hope it succeeds. WASHINGTON (Reuters) - More than 30 major technology and communication companies said on Friday they are read more

$350 Checking Bonus With Minimal Requirements: Simply & Quick
Updated: Sep 16, 2016 by NYCDoug  |  6 comments  |  Bank Deals

HSBC Checking BonusHSBC has just released a new checking account bonus that is both attractive and lucrative. Let’s take a look.The OfferBegin a new HSBC read more

The End Of Social Security
Updated: Sep 15, 2016 by paoli2  |  7 comments  |  Financial News

Today's doom and gloom report: one famous economist, James Dale Davidson, boldly states… “We could see the end of Social Security as soon as 2017,  read more

Are Commodity-Linked CDs a Good Idea?
Updated: Sep 15, 2016 by ChrisCD  |  2 comments  |  Financial News

A reader writes in, asking: "I'd love to hear your thoughts on Everbank's '5 Year MarketSafe Commodities CD.' It guarantees return of principle and offers read more

Scott Burns Q&A: Managed Mutual Fund Verses Index Mutual Fund
Posted: Sep 15, 2016 by cumulus  |  0 comments  |  Financial News

Q. Please explain the difference between a managed mutual fund and an indexed mutual fund. ---E.E., College Station, Texas

Jobs Report Halts Federal Reserve's Interest Rate Hike Mojo
Updated: Sep 6, 2016 by Shorebreak  |  3 comments  |  Financial News

From Time's Money:When the Federal Reserve meets later this month, the smart money now bets that talk of an interest rate increase will not be on the read more

Scott Burns: Uncle Sam, Loan Shark
Posted: Sep 3, 2016 by cumulus  |  0 comments  |  Financial News

Wouldn’t it be nice if we had a smart government, one that treated higher education as a depreciable investment? It would shrink (but not eliminate) a read more

Scott Burns: Celebrate The World Wide Web
Posted: Aug 27, 2016 by cumulus  |  0 comments  |  Financial News

SB opines on his WEB favorites.

Kiplinger's Latest Forecast On Interest Rates
Posted: Aug 27, 2016 by cumulus  |  0 comments  |  Financial News

Even with a rate hike, interest rates will likely stay low and fluctuate within a narrow range for some time to come.

Embezzling CEO Sues Credit Union For Discrimination - Stranger Than Truth
Updated: Aug 26, 2016 by Frank Walker  |  3 comments  |  Financial News

Two weeks after he pleaded guilty to bank fraud and attempted bank fraud, Sean Jelen filed a civil lawsuit claiming another credit union allegedly offered read more

Melrose CU 5 & 4 Year CD Rate Drops. Quick Look.
Posted: Aug 25, 2016 by cumulus  |  0 comments  |  Bank Deals

Melrose CU reduced the APY on its' previous top-of-the heap 5 & 4 year CD's today;      5 year CD APY now 2.22% (was 2.32%)   read more

The Incredible Cost Of Higher Interest Rates (To Government)
Posted: Aug 19, 2016 by cumulus  |  0 comments  |  Financial News

Article By: Scott Burns When it comes to future government spending, the future has already been written: rising interest costs will consume increases in read more

Fed Officials Talk Up Rate Hike Odds In 2016
Updated: Aug 18, 2016 by Shorebreak  |  1 comment  |  Financial News

"We are edging closer towards the point in time when it will be appropriate to raise rates further," New York Fed President William Dudley told Fox read more

Negative Rates Seen Reducing Japan Big Banks' Profits By $2.96 Billion
Updated: Aug 16, 2016 by cumulus  |  1 comment  |  Financial News

From Reuters:Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for read more

Raising The Social Security Retirement Age
Posted: Aug 16, 2016 by cumulus  |  0 comments  |  Financial News

Raising the Social Security retirement age would not mean you have to wait longer to claim benefits.

2.00% On 1-Year CD At CU; Restricted Membership, Quick Look.
Posted: Aug 8, 2016 by cumulus  |  0 comments  |  Bank Deals

Financial Health FCU, Indianapolis, IN. 2.00% APY 1 year CD, $500 minimum, EWP=90days,       Dividends paid monthly and may be read more

A Money Man's Biggest Financial Mistakes
Updated: Aug 6, 2016 by John Sears  |  1 comment  |  Financial News

“Smart people learn from their mistakes. But the real sharp ones learn from the mistakes of others.” From Allan Roth: Let me share five of the most read more

Scott Burns: The Almost Half-Full Glass
Posted: Aug 5, 2016 by cumulus  |  0 comments  |  Financial News

How are you doing? On a treadmill to nowhere? Bailing as fast as you can, but still sinking? How we answer such questions depends a lot on what we see read more

Competitive 12 Month CD At Live Oak, 1.30% APY.
Posted: Aug 3, 2016 by cumulus  |  0 comments  |  Bank Deals

Discovered and detailed by Bankaholic's Sabrina Karl. Most recent (Feb 2016) full review from Ken. Live Oak CD FAQ page.

Excellent Experience Opening CD With Veridian Credit Union
Updated: Aug 2, 2016 by VeridianCU  |  3 comments  |  Bank Reviews

I have now completed opening a membership, CD and checking account with Veridian Credit Union, and the experience was mainly excellent. Most noteworthy read more

Free FICO Score (No Strings Attached) From Discover
Updated: Aug 2, 2016 by Ally6770  |  5 comments  |  Financial News

Discover’s new Credit Scorecard.com allows anyone and everyone access to their FICO scores. The service is free, and you don’t have to be a Discover read more

Melrose CU Fires CEO Kaufman
Updated: Aug 1, 2016 by cumulus  |  6 comments  |  Financial News

Melrose CU, Briarwood, N.Y., one of several area credit unions suing the Taxi and Limousine Commission of New York City related to taxi medallion loans read more

USALLIANCE CU Website Upgrade This Week, 8-3-16.
Posted: Aug 1, 2016 by cumulus  |  0 comments  |  Financial News

Just received an e-mail announcing "Big Changes" to the USALLIANCE Financial CU website in the next couple of days; here's there blurb.  What's a bit read more

Poll: Which Presidential Ticket Is Best For Credit Unions?
Updated: Jul 28, 2016 by cumulus  |  2 comments  |  Financial News

You might be interested in the results even if you're not interested in voting; so far (3 days, 309 votes) no difference (49% versus 48%).

Competitive CD's At Bank Of Baroda: 1.30% 1Yr, 1.70% 3Yr.
Posted: Jul 25, 2016 by cumulus  |  0 comments  |  Bank Deals

Bank of Baroda: 1-year, 1.30% APY                          read more

Scott Burns: To See The Problem, Turn To Appendix F, Page 212
Updated: Jul 23, 2016 by Ally6770  |  1 comment  |  Financial News

The Social Security and Medicare Trustees reports