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Category Archives: Your Budget & Savings
As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be hosting monthly “Ask Tim Anything” chats on our Facebook page. In January, he took your budget questions. In case you missed it, here’s the play by play. Q: How would you make it fun? A: Great question! I recommend building in rewards. As you see your progress, reward yourself with something that doesn’t break the bank, like a dinner out or a movie. And keep the ultimate goal in view. What will this budget mean for your family? Is it a better house? College tuition? Use short term rewards and long term rewards like the bigger goals you’re working towards. Make it personal—use pictures and reminders to motivate yourself. Q: Tim, where do I even begin with this whole budgeting thing? A: First, get your team together. Who are the stakeholders? Make sure … …continue
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. Always remember that the most important factor in using money wisely is not how much money you make, but how you manage your spending! Here are ten rules that can help you achieve financial success. 1. Arrange a family system for handling money and make certain that everyone in the family is involved and understands it. 2. Make a spending plan suited to your own income and needs. Don’t try to follow others – a spending plan is a personal system to help you and your family. 3. Decide on your family’s most important goals. Spend your money on things that will care for your family’s welfare and happiness. Take a minute to decide how important it really is to you and your family, … …continue
Few people enjoy preparing their tax returns. That’s why we make it easier for you to access the documentation you need to get them done—and offer discounts on TurboTax federal products. We will be mailing your 1099s and 1098s to you by the end of the month. If you’d like to get a head start on your return, they’re now available to you in Online Banking. Simply log in to Online Banking at ConsumersCU.org and click on “eStatements/Tax Forms” on the “Alerts & Statements” tab. Make sure your pop up blocker is disabled, as this will open in a new tab or window. If you select eStatements from our mobile site, you will be rerouted to our full website. If you earned more than $10 of interest in 2013, you will have a 1099. If you paid more than $600 of interest on a real estate secured loan (a mortgage … …continue
As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your budget questions on our Facebook page on Tuesday, January 21 from noon to 1 pm. Do you want to know how to start a budget? How to stick to it? How to make budgeting fun? (We promise it can be!) Bring your questions! We’ll start the discussion with a post on our Facebook page. Comment on it with your questions, and Tim will respond as questions come in. Please remember that Facebook is a public forum. For your security and privacy, we ask that you never disclose any personal banking information online. Certain questions may require us to refer you to our Member Service Center for personal attention offline. If you have a question about your accounts with Consumers, please call us at 800.991.2221 for assistance.
You’ve long relied on Online Banking to move money between your Consumers accounts, make loan payments, and pay your Consumers credit card bills. Now you can also transfer money to and from your accounts at other financial institutions, as well as transfer straight to another person or business with accounts elsewhere. To start using this convenient new feature, you’ll simply log into Online Banking and hover over “Transfers” on the menu. Choose “To/from my other CU or bank” or “To any person” to open the enhanced transfer page. There is no fee to send money to another person or to transfer money from your accounts elsewhere to your Consumers account. There is a small fee of $3 for outgoing transfers to another institution. The first time you open this new feature, you’ll be asked to complete the instructions in the Quick Start guide along the right side of the page. … …continue
As part of our Consumers family, you have access to 30,000 fee free ATMs nationwide. Consumers is partnered with other credit unions in the CO-OP Network, a cooperative agreement allowing you to use other credit union ATMs fee free anywhere you see the CO-OP ATM logo. With the CO-OP Network, you can avoid unnecessary ATM fees wherever your travels take you throughout the U.S. That means more money staying in your account! Visit ConsumersCU.org/Locations on your desktop, tablet, or smartphone to locate nearby fee free ATMs. (When viewing our mobile site, m.ConsumersCU.org, just choose “Office & ATM Locations” from the main menu.) Click “Use Current Location” to use your device’s GPS or enter the address you’re searching near. Once you’ve found the closest ATM, you can click for a map and directions. It’s like you’re bringing Consumers with you, wherever you go.
Consumers Credit Union wants you to find financial success—without the stress. That’s why we’re bringing you our monthly list of financial to-dos. Just complete these tasks to stay on top of your finances all year long. January: Review your budget. How did you do at sticking to your budget in 2013? Now’s the time to evaluate your budget and make changes for this year. Didn’t make a budget last year? Start by tracking your spending for a month to see where your money really goes. February: Create savings accounts to keep you on track with your goals. To help you stay on track with your budget, create savings accounts for your financial goals—a down payment, a vacation, an emergency funds, or presents for next Christmas—whatever it is you’re working toward. March: Check your credit report. You are entitled to one free copy of your credit report from each of the … …continue
You rely on Online Banking to move money between your Consumers accounts, make loan payments, and pay your Consumers credit card bills. On January 20, we’re introducing enhanced transfer capabilities that make it possible for you to transfer money to and from your accounts at other financial institutions, as well as transfer straight to another person or business with accounts elsewhere. To start using this convenient new feature, you’ll simply log into Online Banking and hover over “Transfers” on the menu. Choose “To/from my other CU or bank” or “To any person” to open the enhanced transfer page. The first time you open this new feature, you’ll be asked to complete the instructions in the Quick Start guide along the right side of the page. Then you’ll be ready to start transferring! Watch the video below to see how easy it is to get started and try it out on … …continue
Go. Live. Play. Work. Whatever your lifestyle, Consumers Credit Union is geared up to help you succeed. From checking accounts to mortgages, we offer the products and services to match your unique banking needs, while providing you with the peace of mind that your money is as mobile as you are. Our mission is to provide quality and innovative products and services that contribute to the economic and social well-being of our membership. We’re proud to bring you financial education along with products and services to help you create a life that brings you success in your goals. One way we do this is by helping you to PLAY and save at the same time! As a Consumers family member, you qualify for exclusive discounts when you show your Consumers debit or credit card as proof of your membership. Our partners include Marvin Okun Insurance, the K-Wings, Rx Optical, WMU … …continue
Your New Year’s Money Resolutions: The Fifth Video in the Consumers ConnectU December Holiday Series
“Did the holidays catch you off guard financially?” asks Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Now’s the time for a New Year’s money resolution! Watch the video below, the fifth in the Consumers ConnectU December holiday series, for some simple suggestions on setting yourself up for financial success in 2014. It’s never too early to start planning for next year’s holidays! If you missed the rest of the videos in our series, catch up at the links below. Your Holiday Budget Playing Santa with Plastic Gifts that Grow Access Your Accounts, Wherever the Holidays Take You