As you shop for your children, grandchildren, nieces and nephews this holiday season, consider gifts that will continue to give years from now. By putting the same amount of money you would have spent on the latest toy or video game into a savings account or CD, you’ll be providing for the child’s future and teaching him or her the value of savings. Young relatives will feel all grown up with their own savings accounts. Programs like our Dollar Dog Kids Club make it fun all year long! Your child will receive a free gift for joining and with every $5 deposit into the account. Your teenager can even open a checking account with a debit card (with a qualified parent or guardian on the account)! Or encourage longer term saving with a CD. They carry higher interest rates than a savings account, and you can choose the term—anywhere from … …continue
This holiday season, Consumers ConnectU is bringing you our favorite tips for saving time and money. Katie Bryan, Communications Director for America Saves, presents these holiday spending statistics—and savings strategies that help you celebrate without financial stress. Last year, the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) found that 12 percent of people said they were planning to spend more during the holidays than in the previous year. That number was up from 2011 where only 8 percent planned on spending more than in the previous year. This year, help reverse this trend and plan on spending less and saving more. Remember, it’s the thought that counts not the amount you spend. CFA and CUNA offer the following five ways to cut back on your holiday spending this year: 1. Make a budget and a list. Decide how much you can afford to spend and … …continue
Según una investigación reciente de Luth Research, se calcula que el uso de servicios bancarios móviles en EEUU aumentará del 19% de usuarios de teléfonos móviles—aproximadamente 17% de la población adulta—al 22% dentro del próximo año. Debido a la aceptación y popularidad cada vez mayores de la banca móvil, las últimas medidas del Consejo de Exámenes de Instituciones Financieras Federales (FFIEC por sus siglas en inglés) revisten gran importancia para los consumidores. FFIEC es una agencia del gobierno de los EEUU que fija estándares para el examen de instituciones financieras. El FFIEC estableció normas para garantizar una mayor seguridad en el manejo de las finanzas personales por aparatos móviles. Las normas exigen que las instituciones financieras implementen medidas anti-fraude para servicios bancarios móviles similares a las que rigen en sus sitios web. Por ejemplo, tener varias formas de autenticar el ingreso a los servicios de banca móvil e identificar transacciones … …continue
It’s easy to go overboard on holiday spending—especially when your favorite stores give you special offers for opening their credit cards. But be careful with what you’re signing up for. “Once the holiday cheer has worn off, store credit cards can turn a silent night into a sleepless night,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the second in the Consumers ConnectU December holiday series, to learn what to consider before accepting a credit card offer. Then check out our tips for creating a holiday budget.
We know you’re busy this Christmas. You’ve got presents to buy, cookies to bake, and trees to trim. As you’re dashing about to check the last of your errands of your to-do list, you need quick access to your accounts. “What’s my checking account balance?” “Did my rent check get cashed yet?” “When’s my loan payment due again?” TextBanking puts answers to these questions and more right at your fingerprints. To register your cell phone, log into Online Banking and select “TextBanking Setup” from the “Alerts & Statements” dropdown on the main menu. Enter your cell phone number in the yellow boxes and click “Update.” You will receive a text message with your activation code, which you will enter on the TextBanking Setup page. Then enter a nickname for each account you would like to be able to receive information on via text. Update each nickname one at a time, … …continue
Christmas carols, stockings hung by the fire, time to celebrate with friends and family—we love the holidays! Unfortunately, so do fraudsters, and as budgets get tight this time of year, scammers often ramp up their efforts. Don’t get scrooged by holiday fraud attempts, which come in many guises. Beware of situations such as these: Phone, Text, and Email Scams Fraudsters often pose as legitimate service providers asking for your account information. Such attempts are known as “phishing” (by email) or “smishing” (by text). They may route you to a fraudulent website where you are to fill in your personal details. Don’t be fooled! Consumers will NEVER contact you over the phone, by text, or by email asking you to provide personal information such as account numbers and Social Security numbers. If you receive a request over the phone or online from someone asking you to provide such information, do not … …continue
Each year, the Greater Southwest Chapter of Credit Unions organizes a charity golf outing to support local organizations and projects that work in our communities. This year, the Chapter will select two organizations with grants of us to $3,600 and invites your applications! If your organization works to raise the overall level of social and economic well-being in our community by demonstrating the credit union philosophy of “people helping people” and would benefit from such a grant, submit your request by December 31, 2013. For instructions and to download the request form, click here. Grant recipients will be decided by a panel of Chapter representatives.
When you refer your friends and family to us for a new checking account, loan, line of credit, or credit card, we’ll give both of you $50! It’s our way of saying “Thanks” for helping us spread the word. And when you help your friends and family save money on their auto loan or credit card, they’ll be thanking you as well. Who wouldn’t like a little extra cash this holiday season? Visit consumers5050.com for more details and to make a referral. *Membership eligibility is required. New loan or credit card approval will be determined by credit worthiness. Minimum new loan amount or credit card limit of $5,000 required for $50 payout; existing Consumers Credit Union loans are ineligible. Credit cards must be activated once received and all loans must be finalized within 30 days of referral. $50 will be credited to both the new and existing members’ share accounts … …continue
Whether you’re shopping online from the comfort of your home or braving the winter chill to hit the mall, your Consumers Credit Union instant issue debit card provides the convenience and security you need during the busy holiday season. If you wear out your card on your shopping spree, just stop in at any of our fourteen convenient locations. We’ll make you a new one on the spot! For added peace of mind when you shop online, our debit cards include MasterCard SecureCode to guard against unauthorized use of your card. When checking out with participating merchants, you’ll have added confidence knowing that MasterCard SecureCode performs an extra authentication step for your protection. To enroll your debit card for MasterCard SecureCode, click here. On the next screen, click on the “Register Now!” button. You will be walked through the process of entering your card number and verifying your identity before … …continue