The Research Design Associates Blog


Barter Goes Racing with NASCAR Sponsorship

The weekend was a big jump for barter banking, we made our first foray into the NASCAR market bartering for title sponsorship of the No. 10 Tommy Baldwin Racing Chevrolet of David Reutiman. The entire sponsorship deal was completed on trade and was brokered by Tradebank. This was an amazing experience for us because barter banking garnered a great deal of exposure to NASCAR fans, who are known for their loyalty and sponsorship support, and we did it all on trade.

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7 Reasons To Barter In This Or Any Economy!

Barter is simply the trading of goods or services for other goods or services with no cash involvement. To promote bartering and make it easier for companies to interact, barter exchanges were established. These systems enable bartering to be taken to a new level by offering "barter credits" which are used like cash within that specific network. When you "sell" something you get paid in barter credits which you can then use to "pay" for something from another vendor if necessary or bank until needed at a future time.

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Credit Unions - Meeting Members' Needs

Credit Unions offer real banking alternatives. Notable is its strong support for business accounts, a hard-to-find service in many other credit unions. Business deposit accounts and lending are supplemented by merchant card services for credit and debit card transactions and Automated Clearing House (ACH) electronic transfers – services usually associated with fee-charging commercial banks. Funding comes from member accounts - $1. per month per deposit account provides a $25 million source for community college and university scholarships, grants to state museums and the national guard, as well as an innovative teacher housing project.

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Need a Loan?

Think of the most painful, physical experience you could ever imagine… (Giving birth? Passing kidney stones? ) and most times, you will find that experience minor compared to making a loan application. While filling out the endless forms is a lot of work, it's not really hard. Once you understand the “new banking game”, the process becomes quite easy. The secret is to start with the end result and work your way backwards. Your “destination” is your loan approval. Your loan officer wants to make sure you can get there by paying your loan off as it comes due. You can either make them dig through endless, unorganized documents that you grudgingly brought in OR you can impress them by showing that you understand the process and by giving them what they need in an orderly format.

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I’m OK, but is the bank I want to borrow money from OK?

Should I be borrowing from my bank? Are they solvent? How can I know what shape my bank is in? When is it time to abandoned my bank? Who can I trust? Texas Rations and Tier One Capital Ratios are available. Investigate your bank to assure they are as worthy of your business as you have to demonstrate you are of their money.

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My Comfortable Banking Relationships

When asked to participate in this blog I was asked to write about my knowledge of and experiences with lending and borrowing money, I had to laugh. This subject is broader than it is long, deeper than it is wide, and changes daily. The only consistent answer that I can muster is if you absolutely, positively, do NOT need the loan, you have a 75% chance of success.

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