Blog

Money talks.

Our blog is written by experts — who also happen to be real people who have experienced the same financial concerns you have. Read on for real talk about real finances.

Mythbuster: Can checking your credit report hurt your score?

There are many myths when it comes to credit, and the most prevalent seems to be that you can severely affect your score simply by checking your credit report and your credit score.   This is not true at all, according to Julie Bruning, Vice President of Consumer Lending at SAC Federal Credit Union. “Knowing your score and where you stand is important for keeping yourself on track with... Continue Reading »

The road to recovery: What to do when your identity is stolen

In a world where information changes hands with the simple click of a mouse, our identities are now vulnerable to a nearly infinite range of threats. If your identity is compromised, you may notice unrecognizable charges on your credit card statement or checks written in your name that you don’t remember writing. Or you might receive a call from your credit union with questions about suspicious ... Continue Reading »

Financial education for kids made simple: How to set smart money goals for every age

It’s never too early to teach your kids the value of a dollar. As a parent, you have a lot to share with your children about earning, saving, spending, and managing money responsibly. And because personal finance courses aren’t typically offered in grade schools and even high schools – currently only four states require a one-semester course in personal finance for high school graduation �... Continue Reading »

Kids and money: A 5-step plan to teach kids about budgeting, earning, and saving

Kids might learn some Economics 101 lessons in school — things like supply and demand or what comprises the national debt. For most students, however, personal finance isn’t part of the curriculum. That means education about credit cards, interest rates, and saving money falls to Mom and Dad. Don’t worry – teaching kids about saving doesn’t have to involve an elaborate lesson plan. Th... Continue Reading »

Stay alert: Signs that someone’s trying to steal your identity

One of the worst things about identity theft is that it can happen without your knowledge. But if you stay vigilant, you can stop a thief – or at least minimize the damage they do. Here are some warning signs to watch out for to guard against identity theft. 1. Suspicious charges on your bank account and credit card statements.An identity thief who gets access to your bank account will someti... Continue Reading »

Financial basics: Home equity loans 101

From paying down those credit cards to making a major purchase, like a new car, a home equity loan could be a good source of funds. But because you’re borrowing against your home, you should know what exactly you’re getting into. Here’s a look at the basics of home equity loans. What is a home equity loan? With a home equity loan, you borrow against the equity you’ve built up in your h... Continue Reading »

Membership: Who can join a credit union, and how?

Finding the right financial institution for your needs can be challenging, especially given the myriad of products, services, and incentives that are out there today. Among these endless options, many consumers are turning to credit unions as their financial institution of choice. And it makes sense, given their competitive rates and broad range of products. But with many credit unions to choos... Continue Reading »

Kids and money: 8 tips to help your children become more money-savvy

Teaching your kids about money isn’t a single conversation. It’s a process that goes on until they’re on their own – and beyond. But money talk can be tough, so here are some tips for how to conduct your kids’ financial education. 1. Teach by example. Kids learn how you handle money long before you start to consciously teach them. When they see you buying on impulse or preparing a bu... Continue Reading »

Credit scores: A digital finger on your financial pulse

Like blood pressure readings can provide a basic indication of your heart health, your credit score can deliver a reflection of your overall financial health. Your score shows your creditworthiness and can have a big impact on your finances.   Why do credit scores matter? When it’s time to get that new car (and a new loan), a credit card, etc., lenders use your score to determine the r... Continue Reading »

ID theft: simple steps can help protect your data

There’s no denying that the lightning-fast development of the Internet and huge jumps in technology in the past two decades have transformed how we handle day-to-day transactions, from banking and paying bills to shopping and booking trips. But with the good comes the bad: According to Javelin Strategy & Research’s 2013 Identity Fraud Report, there was one incident of identity fraud every thre... Continue Reading »