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- El robo de identidad prospera con la sorpresa
- Your Holiday Budget: The First Video in the Consumers ConnectU December Holiday Series
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Category Archives: Consumers ConnectU
Consumers Credit Union values sustainability, in addition to saving our members time and money. This is why we make it convenient to bank green, saving trees and fuel. Here are the top 5 ways you can make your banking habits more environmentally friendly. 1. eStatements By opting to receive your monthly statement notification by email you save paper, postage, and delivery costs. This reduces your carbon footprint and use of resources, including petroleum for fuel. But eStatements aren’t just good for the environment—they’re also more convenient, with no more waiting on the postman. And you’ll love the security of knowing there’s no risk of your statement being lost in the mail. 2. Online and Mobile Banking Back in the day, if you needed to check on your accounts or transfer money between them, you had to drive to an office. With Online and Mobile Banking you have your accounts at … …continue
How Much Debt Is Too Much: The Fourth Video in the Consumers ConnectU September Debt Management Series
At some point while paying down debt, you may have wondered how much debt is too much. Tim Kosak, Consumer Lending Manager at Consumers Credit Union says, “While the answer to that question depends on your individual situation and budget, here are some general rules.” Watch the video below, the fourth in the Consumers ConnectU September debt management series, to learn the guidelines experts recommend. If you’re left with questions about your own financial situation, stop by any of our offices or call us at 800.991.2221 to talk with a member service representative. Did you miss our previous videos on managing debt? Catch up here. Good Debt vs. Bad Debt What Is Debt Consolidation? How Does Debt Affect Me?
The information in this post is provided by our partner Accel Financial Counseling. Accel’s counseling services and educational programs are available free to all Consumers members. Too much debt is like playing with fire. As a rule of thumb, your debt, excluding your home, should not exceed 20 percent of your take-home pay. Second mortgages and home equity loans should be included in the 20-percent rule. This is because they are usually used to pay off unsecured debt, while a first mortgage is an investment in property that, in most cases, is appreciating in value. Even if your debt is only in the high teens you may still have too much debt. A financial counselor can often help you understand your finances and learn the appropriate limits. Here are some signs that could indicate it’s time to seek assistance: Your credit card balances are rising but your income is staying … …continue
A low credit score. Stress. Feeling like you’re trapped. “Too much debt has many negative effects,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the third in the Consumers ConnectU September financial success series, to learn how debt affects more than just your finances. If you can identify, know that there is a way out. For more information, call us at 800.991.2221 or stop in at any of our offices. Did you miss our previous videos on managing debt? Catch up here. Good Debt vs. Bad Debt What Is Debt Consolidation?
What Is Debt Consolidation: The Second Video in the Consumers ConnectU September Financial Success Series
If you’ve ever felt overwhelmed by debt, you may have wondered whether debt consolidation could be an option for you. “Debt consolidation can lower your interest rate and increase your cash flow,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the second in the Consumers ConnectU September financial success series, to learn common debt consolidation strategies and how they can help you reach your overall financial goals. Did you miss last week’s video? Catch up here. Good Debt vs. Bad Debt
Good Debt vs. Bad Debt: The First Video in the Consumers ConnectU September Financial Success Series
“It’s nearly impossible to live debt free,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. “Not many of us can afford to pay cash for our homes or college for our children.” Because of this, it’s important to be smart about debt. For instance, did you know there’s a difference between good debt and bad debt? Watch the video below, the first in the Consumers ConnectU September financial success series, to learn to distinguish between the two.
How Do I Pay Off Credit Card Debt: The Fourth Video in the Consumers ConnectU August Credit Card Series
If you’ve been following our Consumers ConnectU credit card series this month, you’ve learned how credit cards can help you reach your financial goals, how to choose the right card for you, and how to properly manage your credit card. But what if you accumulated credit card debt in your past? You may be feeling stuck. “You can pay it off,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. “Don’t be afraid to ask questions and learn if consolidation loans or balance transfers can help you ease your monthly payment.” Watch the video below for more tips from our own successful members.
Here at Consumers, we love to help you save money. One way to do that is to set a budget. Budgeting shows you how much money you can allocate to housing expenses, food, entertainment, and the rest of your spending categories each month. We know that many people dislike the idea of budgeting, because they think that if they put their spending habits on paper, they’ll have to give up the splurges they enjoy: hobbies, dinners out, the occasional latte. But budgeting shouldn’t make you miserable. Ideally, it helps you cut back your spending on the things that don’t matter to you so that you have more money for the things that do. Creating a budget is simply about prioritizing where you want your money to go. Here’s how to create a budget that makes you feel good. 1. Make a list of goals. Paying off debt and saving for … …continue
With eStatements, there is no risk of your statement being lost in the mail, as you’ll receive a monthly email notice letting you know it’s ready for you in Online Banking. In addition to saving you the time you’d otherwise spend waiting on the postman, signing up for eStatements is good for the environment. By saving paper, postage, and delivery costs, you reduce your carbon footprint and use of resources, including petroleum for fuel. Though on an individual level this may seem small, the more members switch to eStatements, the more we can positively impact the environment here at home and globally. Put into tangible terms—each month our paper statements use 10 to 15 trees worth of paper. To print all the statements we do in a year takes around 220 trees! eStatements are safe, secure, and convenient—and now sign up is even easier! Ready to start receiving immediate notification … …continue