Saving for Your Future: Questions to Ask Yourself Now

Febraury 23, 2016
By Michael Fina, Radius Bank, Union Relationship Manager

(FDIC Consumer News)

Finding money to put into savings can seem difficult, but there are some strategies that can make it easier. Start by asking yourself these questions.

Do I have savings goals? Knowing how much you want to save and why can help you stick to a plan. For example, if you have a young child, ask yourself if you plan to help pay for college. Research indicates that children who have a college savings fund are more likely to go to college than those who don't. There are a number of programs available to help save specifically for college-related expenses.


First Trade Launches FT Pay Mobile Payment & Loyalty App

July 23, 2013
Michael Fina, Vice President / Institutional Banking, First Trade Union Bank

The next wave of mobile banking has arrived.  Mobile payments allow consumers to make payments using their mobile devices in the same way they swipe plastic cards to make payments at the point of sale.  While a few companies have begun offering mobile payment services for consumers, financial institutions have been slower to adopt the technology - up until now.


First Trade Union Bank is now Radius Bank

November 10, 2014
By Stephanie West

Boston, Massachusetts - First Trade Union Bank, staffed by UFCW members has now changed its name to Radius Bank.  Radius, one of the few union staffed banks in the country, continues to provide value-added products, leading-edge technology and the highest level of customer service for labor organizations. The new name is a reflection of a commitment to quality service. 


Tips on Evaluating and Choosing the Right Banking Provider

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.


How to Protect your Organization & Funds from Fraud

May 19, 2014
By Michael Fina,
Vice President / Institutional Banking, First Trade Union Bank

A slow economy like we’ve experienced in recent years can have many repercussions on a business. One negative impact that owners often don’t think about is a possible increase in fraud and embezzlement.


Tips to Protect Your Union’s Funds from Fraud

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.


Protecting Your Sensitive Banking Information Online

November 7, 2013
 Michael Fina, Vice President / Institutional Banking, First Trade Union Bank

With online and mobile platforms settling in as the preferred personal banking channels, it is important for you to understand the ways in which you can and should safeguard your sensitive information, as well as the ways which your banking provider should protect you.


What You Should Know About SBA Patriot Express/Veteran Loans from First Trade Union Bank

January 14, 2013
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.


Additional information