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Today, we want to highlight an opportunity that could significantly boost your savings: our high-yield savings accounts. Read on to learn more about how these growth-oriented accounts can help you achieve your financial goals.
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June 28, 2024 Lafayette Federal Credit Union Announces Grand Opening of Greenbelt Branch Greenbelt, MD – Lafayette Federal Credit Union, a trusted financial institution operating in the DMV region since 1935, is excited to announce the grand opening of its new branch located at 7357 Greenbelt Road, Greenbelt, MD 20770. After officially opening its doors…
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June 1, 2024 Lafayette Federal Credit Union and Herndon Sports Boosters to Dedicate New Mural at Herndon High School HERNDON, VA – On June 12th, Herndon High School will unveil a stunning new mural titled “Welcome to The Nest,” dedicated to celebrating the vibrant school spirit and community of Herndon. The mural dedication ceremony, hosted…
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Credit unions are member-owned financial cooperatives that provide traditional (as well as unique) banking services. The difference between a bank and a credit union is straightforward: credit unions are created, owned, and operated by their accountholders, who are usually referred to as members. Unlike banks, which aim to generate profit for their owner or shareholders,…
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For most Americans, a tax refund can significantly benefit their finances—especially considering lingering inflation, increased interest rates, and economic uncertainty. Tax refunds can be an unexpected influx of cash that allows for important financial goals to be met, such as debt consolidation or increased savings, or they can be an anticipated bonus that helps make ends…
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Maximizing the financial benefits of marriage involves strategic planning, shared goals, and open communication about finances. It takes some work from both parties, but the effort can pay off by creating several financial advantages, ranging from tax benefits to improved loan qualifications due to combined incomes. Doing it successfully requires teamwork, patience, and ongoing communication.…
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Teaching kids about money is one of the most important things we can do as parents and family members. Money plays a major role in shaping our lives and how we live them, and teaching kids about spending wisely, the importance of saving, and learning money management skills helps set them up to succeed as…
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The start of spring, with everything starting to bloom, is a good time to discuss green banking. Maybe you’re wondering what exactly green banking means? And what is a green bank? There is a bit of confusion about this, which is understandable given the relative recent introduction of these ideas into the financial services sector.…
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Members often ask, “What is simple interest?” or “What is the difference between simple and compound interest?” Ask that question to an accountant – or a banker – and what often follows are examples of math formulas that most of us will struggle to figure out correctly when left to our own devices – especially…
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