Banknotes Blog

Senate Bill 451: Understanding the Differences Between Credit Unions and Banks

By: Stephen Eager

The Wisconsin State Senate is currently considering a bill to help modernize some language that no longer applies in today’s financial landscape, and therefore causes some administrative hassles for credit unions, specifically. To be clear, we are in support of the majority of the bill. However, there are four provisions that blur the lines between credit unions and banks that we believe should be removed.

Revenue quality matters, because ignoring it often leads to poor decisions that commoditize the business and threaten profitability, particularly when facing economic headwinds similar to those currently in play. Fortunately, there are steps you can take to significantly improve your quality of revenue and overall financial well-being. Here are several, for your consideration.

If your business needs expensive or specialized equipment like machinery, fleet vehicles, heavy duty trucks, or high-end computers, you may be wondering how to finance these purchases. Let’s consider some factors that might influence your decision to either buy or lease.

As any business owner knows, there are many financial considerations to make when deciding how to run the company. A qualified tax adviser can help.

Starting or expanding a business can feel overwhelming. Luckily, you don’t have to go it alone. Right here in Dane County, there are a number of resources and experts geared solely to helping entrepreneurs achieve success. Let's take a look at a few.

How do small businesses make large purchases, start new construction, or finance other development opportunities? Here are several ways.

Failure assumes added significance for sales and business professionals, because we tend to interpret ‘no’ in personal terms as rejection when, in reality, ‘no’ is normally driven by a prospect’s circumstances and needs at that time. Here are five ways to reconsider failure.

If your business requires a physical location, one of the biggest dilemmas can be whether to build, buy, or rent. In truth, there is no one-size-fits-all answer to that question. The most important thing to remember is, the answer that's best for you and your business should be based on facts and not fear of the unknown.

When it comes to customer retention and acquisition, there are some less obvious, but particularly important, characteristics worth remembering. Here are three for your consideration.

What do your business plans look like as the pandemic gets farther from sight in the rear-view mirror? Here are a few important questions to consider, as you determine your path forward.

Increasingly, companies are tapping candidates whose educational backgrounds might once have been considered non-traditional for leadership roles.

Our fraud mitigation techniques can also improve your business's efficiency and reduce costs. It’s a win-win-win!

Healthy relationships are vital to a business’s long-term success. Unfortunately, it is easy to take them for granted. Here are signs of decline to watch for.

Here are some tips to help prepare you for the financial risks you may face at each stage of your business’ life.

How you think about your bank can impact your business.

When the cumulative profitability of clients is graphed, the resulting plotted line resembles the head and torso of a whale, hence the name “whale curve.”

No business could have predicted the coronavirus pandemic in 2020. The lesson? We should all make the time to plan for the unexpected.

There are many reliable, secure alternative means of sending and receiving payments that don’t rely on envelopes of paper hand-delivered to your mailbox.

Conventional wisdom among grief counselors holds that going through hard times does not create problems in a relationship. It amplifies them.

Every craftsman knows there are multitudes of ways to construct a beautiful piece of furniture. The same holds true for commercial financing.

Here are some ideas to consider for safeguarding your cash flow and securing your organization’s financial position.

Key-person insurance should be considered to protect your business by giving you the financial wherewithal to regroup in the event of their loss.

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