In an effort to simplify their money, people sometimes consolidate accounts. This is OK in many instances, but it’s important to remember that rainy day funds and emergency funds serve different purposes.
News & Updates
While welcoming a new member of the family is a happy, exciting time, the costs of the first year alone can leave new parents surprised, not to mention broke. And if both mom and dad are working, child care is not a luxury; it is a complete necessity.
Q: I need a new set of wheels and I’m wondering if it’s better to spring for a new vehicle or to go the cheaper route and buy a used vehicle. What do I need to know about each kind of purchase?
Q: Is there any reason to get preapproved for a loan? A: For a large purchase, such as a home or car, having that preapproval in hand before you start shopping is crucial.
As a credit union member, you can expect to have a much more rewarding and meaningful experience. Because credit unions are member-owned and not-for-profit, they are more attuned to the needs of their members and are not driven by investors or their bottom line. Credit union members own a piece of the institution, and the revenue created through operations gets returned to members in the form of better rates, technology enhancements and more.
Q: Help! I've been hit with a financial emergency and I don't know how to pay for it! What are my options?
A: Ideally, you'll want to have an emergency fund in place for this very reason. If you don't, or the money you have set aside isn't enough, you have several options to consider…
Q: My wife is a risk taker and wants to invest in things that aren't really in my comfort zone. I know it's generally considered better to invest where returns are higher, but that also means a higher risk! Is there some sort of middle ground?
Q: Back-to-school shopping kills my budget each year. Is there any way to start the school year off right...without spending a small fortune?
A: Rows of freshly sharpened pencils, an unopened box of crayons and a pair of shiny, new shoes will provide a thrill for any child.
Q: My job is feeling uncertain lately, so I've started looking around at the options, just to be safe. It's been awhile since I did that – is there anything I should know about job searching in today's market?
Q: This is the year I finally got that raise! What should I do with the extra money?
A: Beyond the money, getting a raise is recognition that the work you're doing is valued. You're on the right career path!