Here’s What HELOCs and Credit Cards Have in Common – And What They Don’t

by myccu23 | Oct 15, 2019 | From Community Credit Union staff, Tips & Advice, Uncategorized

Credit cards make it simple to purchase big-ticket items like televisions, computers, and furniture. As long as cardholders have the available balance to cover the cost of the item, it’s possible to leave the store with a purchase that exceeds their checking account...

Should You Pay with Cash or a Credit Card? It Depends.

by myccu23 | Oct 1, 2019 | From Community Credit Union staff, Tips & Advice

A split-second decision at the cash register can have lasting financial consequences. For many, the decision to pay using a credit card may be as simple as flipping a mental coin. For others, it’s as paralyzing as choosing the correct answer to the million-dollar...

The #1 Way Local Credit Unions Differ from Banks

by myccu23 | Sep 17, 2019 | From Community Credit Union staff, Tips & Advice

Credit unions and banks compete for your financial deposits. While both types of financial institutions insure those deposits against loss for up to $250,000.00*, credit unions and banks are different. What and how much you receive in return for keeping money in a...

HELOC Myths That Separate Homeowners from Their Mounting Equity

by myccu23 | Sep 3, 2019 | From Community Credit Union staff, Home Loans, Tips & Advice

American homeowners have nearly $16 billion in available home equity. Some homeowners will take advantage of the funds available to them by applying for a home equity loan or home equity line of credit (HELOC). Others will wait to access their equity when they sell...

Here’s What You Should Know About Checking Accounts Before You Open One

by myccu23 | Aug 20, 2019 | From Community Credit Union staff

Money management is less of a struggle when a reliable system is used to track personal income and expenses. Trying to keep up with the due dates for next months credit card, insurance, utility, and even the occasional vet bill can make the most committed budgeter...

5 Financial Accounts Every Small Business Owner Should Open (Or At Least Consider)

by myccu23 | Aug 6, 2019 | From Community Credit Union staff

Opening a new business was both thrilling and yet – a bit overwhelming. The day you flipped the “open” sign or officially contacted your first client filled you with nervous anticipation. Soon after, the financial realities sank in. Thoughts surrounding cash...