Bank vs. Credit Union: What Is the Difference?
When comparing a bank vs. credit union, the biggest difference is ownership. Banks serve customers and may be owned by private investors or shareholders. Credit unions are not-for-profit financial cooperatives owned by their members. Both can offer checking accounts, savings accounts, loans, credit cards, digital banking, and other financial services. The right choice depends on the products, rates, service, access, ...
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The Rule of 72
How long will it take your money to double? You do not need a financial calculator to get a quick estimate. The Rule of 72 is a simple formula that shows how time and compound growth can work together. How Long Will It Take Your Money to Double? The calculation takes only a few seconds. Divide 72 by the annual ...
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New vs. Used RV Financing: Which Is Right for You?
A new RV may offer the latest features and warranty coverage, while a used RV may provide more value for your budget. Compare the costs, financing considerations, and tradeoffs before deciding.
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What Is a Community Credit Union?
A community credit union is a member-owned financial cooperative that serves people connected by an approved field of membership. That field may include a geographic area, employers, organizations, family relationships, or a combination of eligible groups. People Driven Credit Union serves eligible members across Michigan. Members can use local branches and support, while also managing accounts through digital banking and ...
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Buying a Used RV: Financial and Inspection Checklist
A used RV can provide more features for your budget, but hidden damage and missing documents can turn a promising purchase into an expensive problem. Use this checklist before you buy.
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What Is Shared Branching and How Does It Work?
Credit union shared branching gives you access to in-person services when you are far from your credit union’s locations. Through a participating network, eligible members may visit another credit union and complete certain transactions as if they were at their home branch. For People Driven Credit Union members, shared branching adds another way to manage money while traveling, attending school, working ...
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Personal Loan Approval Factors
If you need money, whether for a planned purchase or a surprise emergency expense, a personal loan is a great option. At People Driven Credit Union, we have many choices to consider. However, unlike a car loan or a mortgage, many people have never gone through the process of obtaining a personal loan. Below, you will find all the important ...
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How to Finance an RV From a Private Seller
Buying an RV from a private seller may give you access to more used models and price points than you would find at a dealership. The process requires some extra coordination because there is no dealer handling the title, financing documents, lien payoff, or payment. A private party RV loan can help finance an eligible motorhome, travel trailer, fifth wheel, ...
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Credit Union RV Loan vs. Dealer Financing: 7 Key Differences
Financing can affect the total cost of your RV long after you leave the dealership. Comparing a credit union RV loan with dealer financing can help you evaluate the available rate, loan term, monthly payment, dealer incentives, and optional products before signing an agreement. Neither option is automatically right for every buyer. A credit union pre-approval can help you establish ...
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ATV Loan Calculator: How Much ATV Can You Afford?
An ATV loan calculator can help you estimate how the purchase price, down payment, trade-in value, APR*, and loan term may affect your monthly payment. The payment is only part of the answer, though. Insurance, title and permit costs, protective gear, a trailer, maintenance, and fuel also belong in your ATV budget. Before you shop, calculate both numbers: the estimated ...
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