Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Nine Things to Know About Banking at Credit Unions

Written by Eve Becker on August 23, 2013 in Credit  |   5 comments

In an effort to save money on fees and support local institutions, millions of Americans—96 million to be precise—are turning to credit unions for their banking needs. Roughly 700,000 people joined credit unions in the first quarter of 2013 alone. Like banks, credit unions offer…

bankingIn an effort to save money on fees and support local institutions, millions of Americans—96 million to be precise—are turning to credit unions for their banking needs. Roughly 700,000 people joined credit unions in the first quarter of 2013 alone.

Like banks, credit unions offer checking accounts, make loans, and have ATM and online access. But credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate profits.

“Credit unions are very unique institutions because we’re owned by our member-owners. What’s different from a bank is that there are no shareholders at credit unions,” says Paul Gentile, executive vice president of the Credit Union National Association, a trade association for the credit union system. “That means the credit union doesn’t have to try to drive high profits to raise shareholder value or to have a strong stock price.”

“That’s a powerful proposition today,” Gentile believes. “At a credit union, the money goes back to the membership in better rates and lower fees.”

Switching to a credit union doesn’t need to be an all-or-nothing proposition, says Greg McBride, senior financial analyst for Bankrate.com. “We’re not talking about severing a relationship completely with your existing financial institution,” he says. “You can often get the most bang for your buck by having a checking account at a credit union or local bank where the account is free and having your savings account with an online bank where you can get a better return. You can utilize the advantages of both and avoid any disadvantages.”

If you’re considering opening an account with a credit union, here are nine things to know:

1. Fees and loan rates at credit unions are generally lower, while interest rates returned are generally higher than banks and other for-profit institutions, according to MyCreditUnion.gov.

2. Membership is typically based on one’s employment, community, or membership in an association or organization, but eligibility might be broader than you’d expect. Community credit unions are open to those who live, work, or worship in a particular community. CUNA created ASmarterChoice.org to help people find a credit union near them. “You can’t join every credit union, but there’s certainly a credit union you can join,” Gentile says.

3. Through the CO-OP ATM Network and CO-OP Shared Branching, credit unions have joined together to offer widespread access to no-surcharge ATMs and credit union branches across the country. The CO-OP ATM Network has nearly 30,000 surcharge-free ATMs, more than 9,000 of which take deposits. ATMs with the triangle CO-OP logo can be found at many big box stores around the country.

4. The CO-OP Shared Branching network enables members to conduct business nationwide at 5,000 participating credit union locations.

5. Much as deposits at banks are insured through the FDIC, the funds of all federal and most state-chartered credit union members are insured up to $250,000 per individual depositor through the National Credit Union Share Insurance Fund (NCUSIF).

banking6. While credit unions may not have the same deep technological resources as banks, they offer online banking and other tech-friendly options like remote deposit capture (taking a photo of a check on a smartphone and depositing it that way). “People may think credit unions aren’t as tech-savvy as banks, when in fact they really are,” Gentile says, adding that the first financial institution to ever offer online banking was a credit union in the early 1990s.

7. Credit unions offer a full product suite, including mortgages, checking, credit cards, and CDs, though their offerings may not be as varied as those at banks.

8. Low-income credit unions provide financial services at reasonable rates in areas that are often underserved by banks. They also offer financial literacy workshops and credit counseling to help members get their finances back on track.

9. Because banks are often much larger than credit unions, banks can offer more loan and investment options, with robust online banking and customer service. Banks have “broader product lineups that can be desirable for more of a high-net-worth or more sophisticated individual who has a lot of varied financial needs and likes the convenience of having everything under one roof or having one point of contact,” McBride says.

As services at credit unions can vary, research your options carefully. If you need local access, ask if the credit union is part of the shared branch network. If you need online services, you may want to make sure it has a full suite of online options. You can learn more about credit unions at MyCreditUnion.gov.

A Chicago-based writer and editor, Eve Becker writes about personal finance, health and other topics. She is a former managing editor of Tribune Media Services.

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. Richard Kloster says:

    Good article! Do you have any data on the local credit union “Desert Schools Credit Union” they are the largest in the county and do have multiple office locations.

  2. M0shi says:

    I found number 9 to be a bit misleading. Many credit unions offer consumers as many products and services as banks, including digital access and investments. It is true not every credit union can do so, but smaller community banks have the same struggle.

  3. Anonymous says:

    Question: What insurance do members of credit unions have on their accounts?
    Dorothy Colvin

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Credit Archive