April 15, 2013
By Michael Fina Vice President / Institutional Banking, First Trade Union Bank
When was the last time you took a serious look at the fees you are currently being charged for banking services? If it has been a while, you might be in for a surprise.
Selecting the right banking partner for your union organization is an important yet complex process. It is important to identify the needs of the organization and match the banking products and services accordingly. To do this all at a cost that is not burdensome to your organization can be a difficult task.
April 23, 2012
By Michael Fina Vice President Union Affinity Manager, First Trade Union Bank
In September 2011, an authorized accountholder for a union organization logged into the union’s business account through online banking to find $100,000 missing. Malware was discovered on the user’s computer, allowing a hacker to obtain the login credentials to access the union's operating account. The perpetrator then illegally transferred the funds to a foreign account at a separate financial institution.
April 1, 2013
By Michael Fina, Vice President Union Affinity Manager, First Trade Union Bank
Did you know that, nationwide, organizations lose about 7% of their annual revenue to fraud? In 2012 alone, the typical loss among organizations suffering a financial loss due to a payments fraud incident was $20,300. All in all, check-related losses have been estimated to be greater than $1 billion in a given year.
March 23, 2012
By Michael Fina Vice President Union Affinity Manager, First Trade Union Bank
A decade ago, the way consumers conducted their personal banking was changed forever when online banking began to achieve critical mass. Today, the next major shift in consumer banking is now underway.
January 14, 2013
By Michael Fina, Vice President Union Affinity Manager, First Trade Union Bank
Deciding to step out on your own and start a small business, or even grow an existing business in today's economy, can be challenging. But the Small Business Administration's (SBA) Patriot Express Loan program is giving veterans, reservists, National Guard members and even their spouses or widowed spouses, the opportunity to fast track the whole lending experience and get the funding they need much quicker.
February 27, 2012
By Marc Bussanich, LaborPress City Reporter
First Trade Union Bank (www.ftub.com) likes to pride itself on big bank sophistication wrapped in small bank customer service. It offers all the products one expects to find at the national brands, but delivers them with a commitment to service more often found in a community bank.
June 26, 2012
By Michael Fina Vice President / Institutional Banking, First Trade Union Bank
Over the past few months I’ve been involved in answering several Requests for Proposals (RFPs) from union organizations looking to evaluate competing banking service providers. Interestingly, the proposals we’ve seen of late vary greatly in content and complexity, which started me thinking that it might be a worthwhile exercise to write something about the RFP process, and in doing so, shed some light on what you should look for in choosing a bank.
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