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Frauds and scams have been around for ages now, but the internet has made it easier than ever for bad actors to fleece good people. AARP reports Americans were scammed out of $8.8 billion dollars in 2022, and that figure increases year after year. In 2022, the median personal loss from fraud was $650, up…
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This year marks the 75th anniversary of International Credit Union Day, which has been celebrated on the third Thursday of October since 1948. It’s a day commemorating the spirit of the credit union movement around the globe and a time to celebrate the support of our members and the dedication of our staff. History of…
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Last week we explained the benefits of having a high-yield savings account, but what about your checking account: have you heard of a high-yield checking account? Thanks to today’s competitive high interest rate environment, they are becoming increasingly available as financial institutions look to bolster the amount funds they have on deposit. And they are…
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Want to make some money? Excited to watch your savings grow? Today’s high interest rates create opportunities for savers to earn decently. High-Rate Savings Accounts Yield Great Returns High-yield savings accounts are now offering interest rates that haven’t been seen since the late 1980s and early 1990s. What is a high-yield savings account? It’s an…
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One great benefit of being a homeowner is the access you have to equity. Equity in a home refers to the portion of your home’s value that you own free and clear. This simplified calculation can help you see how much equity you have in your property: Home Equity = Current Market Value of Your…
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Your credit score plays a major role in unlocking many financial benefits, products, and services in today’s society. Securing a mortgage for your dream home, enjoying the many conveniences of credit cards, and even accessing the necessary funding for higher education, are all dependent on having a strong credit score. Your credit score also determines…
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Most everyone has felt the effects of rising food prices, while shopping at the grocery store and dining out at restaurants. In 2022 alone, the price of food rose a whopping 9.9%, leaving a profound impact on our budgets. Similarly, you may have also noticed the effects of shrinkflation, the phenomenon of paying the same…
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In a world brimming with unpredictability, one undeniable truth emerges: life’s journey remains uncertain. This reality extends its grasp to our financial domain. While we actively endeavor to cultivate financial proficiency, competence, and readiness – saving emergency reserves, sowing seeds for our future, and adhering to fiscal frameworks – the specter of the unforeseen forever…
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Choosing where to entrust your hard-earned money, secure a loan, acquire knowledge, and make investments is a decision of immense significance. Beyond desiring optimal terms and rates, safety, reliability, and trustworthiness in financial institutions are also paramount. Often overshadowed by colossal banking entities, credit unions can be misconceived, leading consumers to miss out on their…
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