Fox Business

The most dynamic financial education speaker working today, Shay Olivarria, was quoted on Fox Business in “Are You a Good Fit for a Credit Union?”. As usual, Shay is a strong advocate of credit unions. Her quotes are centered around the benefits of using a credit union for college students.

While a handful of large, well-known banks appear to dominate the banking landscape, and smaller community banks are often touted as the only alternative, the truth is that there’s a third option used by more than 91 million Americans.

Credit unions are becoming increasingly popular, and with more than 7,000 of them across the U.S., consumers have a lot of choices. But is a credit union right for you?

Consider these five types of consumers who routinely join credit unions.

College Students Learn About Finances

Even if they had a checking account or savings account as kids, most college students are still relatively new to managing their finances. Oftentimes, that means they don’t get the best deal from banks, says John Iglesias, CEO of Salal Credit Union in Seattle.

“College students often don’t have much of an income or an extensive credit history, so larger financial institutions may characterize them as risky, and that likely means higher fees on products,” Iglesias says.

According to Iglesias, some credit unions are specifically set up by schools for students, and their business model is geared toward working with younger customers who might not keep a very high balance in their checking account.

But Shay Olivarria, author of “10 Things College Students Need to Know About Money,” says credit unions also offer a real advantage to college students because they can be more forgiving if you make a mistake.

“There’s a focus on financial education with credit unions, and college students have more of a support system in terms of learning about money,” says Olivarria.

Click here to read more

Black Teen Empowerment Radio

I’m so glad that I had the opportunity to be a guest on Black Teen Empowerment Radio with Scotty Reid and R. Lee Gordon. We talked about community economics, recycling the Black dollar, the difference between traditional banks and credit unions, types of accounts, and a few tips from my book 10 Things College Students Need to Know About Money.

Listen to Black Teen Empowerment Radio

Authors in Focus

Yesterday, I had the wonderful opportunity to be interviewed by Chandra Adams and Charles Chatmon on Authors in Focus. We talked about my financial education work speaking to students across the country, 3 things every college student needs to know about money, why credit unions are so awesome, my trip Cross Country in a Ford last year and my new book All My Mistakes: Money tips for kids in care.

My segmented included an interview with mystery novelist Gary Phillips who has written more than 12 novels. Everyone was really nice. I loved meeting the other authors and learning a bit more about the Hosanna Broadcasting Network where the show will air.

Authors N Focus will now been seen on the Hosanna Broadcasting Network (Channel 20 on the Disk network and Direct TV channel 20). Check it out when you get a chance.

Shay on CU Broadcast

CU Broadcast Logo

Watch the video here

I’m so glad that I had a chance to sit down and talk with Michael Lawson from CU Broadcast. He interviews awesome people involved with credit unions across the country, so I’m honored that he wanted to interview little ol’ me!

We talked about why I became a financial educator, why credit unions are awesome, and how my two books “10 Things College Students Need to Know About Money” and “Money Matters: The Get It Done in 1 Minute Workbook” are helping people across the country.

Click here to watch the interview.

Quoted


Financial education speaker and author Shay Olivarria was quoted this morning in “What to look for in a credit union” on Bankrate.com.

Shay was interviewed by Heather Larson about her views on credit unions. As you all know, Shay is a financial educator that loves credit unions! Heather included quotes from Shay on the purpose of credit unions (slide 4), the use of technology by credit unions (slide 5), the importance of building a relationship with the representatives at credit unions and the importance of understanding fees (slide 7). It’s a great article and Shay is honored to be included.

Read the article here.

Check out more articles from Shay Olivarria by visiting www.BiggerThanYourBlock.com