In the past, credit union members had to bring their checks into the nearest branch and have a teller deposit or cash them. Today, they can enjoy the convenience of mobile check deposit.
Many Americans had to adopt online and mobile banking during the COVID-19 pandemic because they didn’t have access to the brick-and-mortar branches they usually visited.
The term ‘financial literacy’ didn’t always exist. In fact, before schools and institutions started teaching children and adults about money, people had to turn to their inner circle of friends and family for advice.