Local Banking

Local Money means banking at a nearby credit union.  There’s no reason to handle your day to day money transactions through a mega Wall Street bank these days.  In a local credit union your money is insured by the federal government up to the same amount as any bank account.  Except you’ll get far more interest on your savings, less fees on your bank/credit card/debit card accounts, and better terms on your car and home loans.  The reason?  Credit Unions are non-profit.  Their goal is to serve members and banks hate them because they are not driven to hike up fees every chance they get or skimp on paying a better than average interest rate on your savings.