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.

Make a Winning Financial Game Plan

Read Time
4minutes
It takes a lot of effort for a football team to look effortless on game day. Teams pull it off only after developing detailed plays and practicing them to perfection.  The same holds true when it comes to reaching your financial goals. Hoping for the best is not the same as a real plan. So, when you are looking at your long-term financial game plan, investing a little time in goal setting now ... Continue Reading »

Mythbuster: Does Paying Off a Delinquent Account Remove It From Your Credit Report?

Read Time
2minutes
The effects of a delinquent account  When you pay late or find yourself on the receiving end of debt collection, these incidents may remain part of your credit history for up to 10 years. Which is why paying off a delinquent account does not automatically remove it from your credit report.  Your payment history represents around 35% of your credit score. The decisions you make now could im... Continue Reading »

What Are Business Services?

Read Time
3minutes
When you are first starting a business, it can be daunting to figure out a new financial journey. That is why having a financial institution that offers business services is important. So, what are business services?  What are business services?  Business Services are a critical piece to every business whether they know it or not. These services include business development and working wit... Continue Reading »

6 Ways to Save Money This Fall

Read Time
5minutes
Fall is just around the corner, and with the rising cost of goods, school starting back up, and the holidays just around the corner; Fall is the perfect time to be saving money. We have some tips and ideas for you to save money this fall.  Explore Your Area  Invest in a CD  Buy In-Season  Make Substitutions  Simplify   Pay down debt    1.Explore Your Area  Trave... Continue Reading »

Resources for Understanding Debt

Read Time
3minutes
Debt can quickly  feel like a challenging burden, especially when those balances keep creeping upward. It’s smart to look for help getting out of debt before it spirals out of control. Even if you are not facing much debt now, or just starting on your credit path, understanding debt is important so you can make better financial decisions now and in the future.  With Cobalt Credit Union’s ... Continue Reading »

How Much Money Do You Need to Retire? 3 Questions to Ask Instead

Read Time
4minutes
If you plan right, there will come a day when you hang up the gloves, so to speak, on your working days. If the main question being asked is, “How much money do you need to retire?” What is really on your mind is at what point you can stop working for a living and start living for the dreams, passions, people, places, interests, and causes that matter most to you. The three simple questions be... Continue Reading »

Mythbuster: Does Checking Your Credit Score Lower It?

Read Time
4minutes
There are many myths when it comes to credit, and one of the most prevalent seems to be that you can severely affect your score simply by checking your credit report and your credit score.  Does checking your credit score lower it?  Checking your credit score, does not lower it.  In fact, knowing your score and where you stand is important for keeping yourself on track with building credi... Continue Reading »

6 Reasons to Open a Checking Account

Read Time
4minutes
You may not be writing as many checks as you once did, or you may have never written a check before; but that does not mean that you should not have a checking account. A checking account offers more than the name implies. Here are six reasons to open a checking account.  Multiple Payment Methods  Easier Access  Online and Mobile Banking  Insured Money  Earn Interest  Added B... Continue Reading »

Personal Loans: The Payday Loan Alternative

Read Time
3minutes
Unexpected expenses or increasing costs may leave some folks scrambling to get their hands on fast cash. Before you sign up for the often-suggested payday loan, consider a much better payday loan alternative: a personal loan. Taking out a personal loan from a credit union will leave you with more money in your wallet and far fewer fees to pay. Personal loans can be used to pay for almost anyt... Continue Reading »

Stay Alert: 5 Warning Signs of Identity Theft

Read Time
4minutes
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 5 warning signs of identity theft to watch out for. Suspicious Charges on Your Bank Account Inconsistencies in Your Credit Report Missing or Unexpected Mail You are Declined Credit Calls f... Continue Reading »