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Top 5 Reasons to Choose a Community Bank or Credit Union

May 24th, 2011 12:08pm - Posted By: mike

1. Get the Same Services at Lower Cost
Most locally owned banks and credit unions offer the same array of services, from online bill paying to debit and credit cards, at much lower cost than big banks. Average fees at small banks and credit unions are substantially lower than at big banks, according to national data. Studies show that small financial institutions also offer, on average, better interest rates on savings and better terms on credit cards and other loans.

2. Put Your Money to Work Growing Your Local Economy
Small businesses, which create the majority of new jobs, depend heavily on small, local banks for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they account for more than half of all small business lending. Big banks, meanwhile, allocate relatively little of their resources to small businesses. The largest 20 banks, which now control 57 percent of all bank assets, devote only 18 percent of their commercial loan portfolios to small business.

3. Keep Decision-Making Local
At local banks and credit unions, loan approvals and other key decisions are made locally by people who live in the community, have face-to-face relationships with their customers, and understand local needs. Because of this personal knowledge, local financial institutions are often able to approve small business and other loans that big banks would reject. In the case of credit unions, control ultimately rests with the customers, who are also memberowners.

4. Back Institutions that Share a Commitment to Your Community
The fortunes of local banks and credit unions are intimately tied to the fortunes of their local communities. The more the community prospers, the more the local bank benefits. This is why many local banks and credit unions are involved in their communities. Big banks, in contrast, are not tethered to the places where they operate. Indeed, they often use a community's deposits to make investments in other regions or on Wall Street.

5. Support Productive Investment, Not Gambling
The primary activity of almost all small banks and credit unions is to turn deposits into loans and other productive investments. Meanwhile, big banks devote a sizeable share of their resources to speculative trading and other Wall Street bets that may generate big profits for the bank, but provide little economic or social value for the rest of us and can put the entire financial system at risk if they go bad.

This was produced by the New Rules Project's Community Banking Initiative.

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Getting Down To Business

May 22nd, 2011 11:20am - Posted By: mike

Last Friday, May 20th BIBA partnered with Constant Contact to celebrate small business week with a free educational seminar and networking event, titled "Getting Down To Business".  Over 150 people came to take advantage of the free tools, resources, and tips offered by our speakers.  Topics covered included: insights into crowdfunding, the move your money campaign, strengthening the local economy, social media, video marketing, using facebook for business, website tips, and email marketing.  It was a very helpful and fun event, thanks to all our partner organizations and Zak with Contant Contact for putting it all together!

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April Lunch & Learn

May 3rd, 2011 6:45pm

Andrew from QUICKfit speaks with us after Local Lunch & Learn on social media.

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April Breakfast with BIBA

May 3rd, 2011 6:39pm

Talking with BIBA members at our monthly morning social hour event, "Breakfast with BIBA".  Took place at Sensorielle Spa in One Boulder Plaza.
 

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February BIBA Exchange

February 16th, 2011 1:49pm - Posted By: mike

This month's member promotions include Boulder Arts & Crafts, Transition Colorado, and Urban Studio hair design.  Click here to view PDF.

Boulder County Independent Business Alliance, BIBA, Member Promotion

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President talks on KGNU

December 2nd, 2010 9:18am - Posted By: mike

KGNU BIBA Local and Loving It Fest

Listen to BIBA's board president, Richard Fleming's interview on KGNU:  http://kgnu.org/dotorg/2010/12/2587/

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Prizes!

December 1st, 2010 1:30pm - Posted By: RL Wilson

Boulder Outlook Hotel Local And Loving It Fest

 

This just in...

Our great hosts for the Local and Loving Fest, the Boulder Outlook Hotel, are giving away a prize of a Free Night of your choosing at the hotel and two tickets to a blues concert at Boulder Blues to one lucky Local and Loving It attendee! Be sure to register to win on Saturday.


For more info on Boulder Blues go to:

BoulderBlues.com

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Local and Loving It Fest

December 1st, 2010 1:24pm - Posted By: RL Wilson

Welcome to the BIBA Blog!

This Saturday, December 4th, is the first annual Local and Loving It Fest at the Boulder Outlook Hotel from 10 am - 4 pm. We are expecting a large turnout of guests as well as local artists, business showcases, food, live music, activities for kids as well as prizes. There will also be free panel discussions featuring local independent businesses leaders.

So if your interested in business networking, meeting new people or just experiencing local artwork, music and food stop by the Boulder Outlook Hotel on December 4th!

Get involved.. post a comment below! Are you Local and Loving It? What are hoping to see on Saturday?

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Funny Video: Keep Boulder Weird

December 1st, 2010 1:21pm - Posted By: mike

Check out the new video ad created by Richard Fleming: promoting the Local and Loving It Fest

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Like Us On Facebook!

September 21st, 2010 2:16pm

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