Servir de Fiador no es Cuestión de Broma

Mother and adult daughter

Cuando usted sirve de fiador para un préstamo, usted esta haciendo algo más que solo ayudar a uno de sus seres queridos o amigos. Usted está corriendo un riesgo que debes entender completamente. Al servir de fiador, usted está garantizando que si el prestatario deja de hacer los pagos, usted se hará responsable de esos pagos. En la mayoría de los estados, si el prestatario deja de hacer un pago, el prestamista puede colectar inmediatamente la deuda directamente del fiador sin necesidad de intentar primero colectarla directamente del prestamista. Si usted no paga, el prestamista puede demandarlo. Aun cuando usted sienta que solo es un tercero en esta transacción, ese no es el caso: Usted es el prestatario. Si el prestatario primario decide no pagar el préstamo, su reporte de crédito podría arruinarse y le podrían quitar cualquier propiedad que haya sido designada como colateral. No se olvide que aun … …continue

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Join Us for the 5th Annual Consumers Sunburst Run

Consumers Sunburst Run

On April 26th, join us for a day of fun and fitness to support our local community parks and family programs! The day’s events include a 10K run and 5K run/walk over road, trail, tunnel, and bridge through the scenic Oshtemo countryside. Results are provided by Classic Race Management, and we offer unique gifts to our winners. Following the main event, kids 12 and under run free in the annual one-mile Family Fun Run, and Maggie’s Catering will be serving their signature breakfast stew. Donations will be welcome for the breakfast. Proceeds earned from the run are used in partnership with local organizations that support our parks and family programs, such as Oshtemo Parks, the Kalamazoo Public Library, Kalamazoo River Valley Trail, and Greater Kalamazoo Girls on the Run. Last year’s event supported the 2014 Flescher Field renovation project, Kalamazoo River Valley Trail’s Trick or Trail event, and the Kalamazoo … …continue

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Préstamos para el Día de Pago: Verdades que Duelen sobre Dinero Fácil

Couple argue about money

¿No tiene dinero? Tal vez ha pensado en tomar un préstamo de día de pago “payday loan.” Esta línea de crédito se esta haciendo más popular y le dará los $100 o $200 que necesita para arreglárselas hasta que su próximo cheque llegue. ¿El precio? Estos préstamos van acompañados con tasas de interés que van de 300% a 750% anual. En algunos préstamos que son de menos de dos semanas, la tasa anual podría ser más alta. Estos préstamos están disponibles en financieras y son el producto estrella. Se presentan como una solución conveniente a un problema financiero, sin embargo imponen cargos exorbitantes al consumidor. Cuando se expresan en términos porcentuales, los cargos son alarmantes. De acuerdo con una encuesta de la Consumer Federation of America sobre la industria de este tipo de financieras, la tasa de interés anual más común sobre un préstamo de $100 con un plazo de … …continue

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Vacations: Save Before You Set Sail

Sailboat

Your mind wanders to crisp-blue skies and romantic sunsets, salty ocean breezes, and sand between your toes. Then your telephone rings and you snap back to reality. There are no blue skies or ocean breezes, just your computer monitor staring you down. Do you need a vacation? Budgets are tight, but with some disciplined planning and money-saving tricks, that dream vacation can become a reality. Be careful with plastic. Don’t finance your entire vacation on your credit card. That doesn’t mean it’s off limits, but relying solely on plastic will only lead to stress and heavy interest charges down the road. Save, save, save. Try to set aside some of every paycheck in a special savings account. Decide how much you want to have on hand to start your trip. Divide that total by the number of paychecks until vacation, then save that amount in your vacation account. If you … …continue

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What to Expect When You’re Buying a House

For Sale

Looking for your first – or next – home? You probably have many questions. How do you find the right house at the right price? What’s involved in making an offer? How do you apply for mortgage? Knowing what’s involved in the process and having someone you trust to guide you takes away the stress. This infographic gives you a detailed overview of what to expect. Have more questions? Our mortgage loan officers are here with answers. Give us a call at 800.991.2221.                                        

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March 25 Ask Tim Anything: ConnectU Facebook Chat on Loans

Consumers ConnectU - Tim

As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your questions about loans on our Facebook page on Tuesday, March 25 from noon to 1 pm. Do you want to know what to expect when applying for a loan? The difference between secured and unsecured loans? 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.

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Committee for Sustainability

Green Business Hero - iStock_000015249096Large

Consumers is proud to announce the establishment of a Committee for Sustainability. What is sustainability? Sustainability is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment. Sustainability creates and maintains the conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic and other requirements of present and future generations. (United States Environmental Protection Agency) Sustainability transcends environmental concerns to encompass the social and economic wellbeing of our community on local, regional, national, and international levels. Consumers’ mission is “to provide quality, innovative products and services that contribute to the economic and social well being of our membership,” a sustainable principle. In 2014, Consumers has established an ad hoc Sustainability Committee to review Consumers’ environmental and socially sustainable practices, to document and celebrate our achievements, and identify actionable areas for improvement. … …continue

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Research, Plan and Budget for That Special Vacation

Vacation Time

There are myriad ways to vacation, so to make the best use of your precious time and dollars, plan ahead. Start by deciding what you can afford, and then figure out what you want from the vacation. Do you want total relaxation? Intense sightseeing? Adventure? Something else? Then research likely destinations. You can do your own online research or try one-stop travel sites like Expedia.com, Travelocity.com, or Orbitz.com. You may consider consulting a professional travel agent. There’s no charge to you, and it could save significant time. If you do, make sure the agent is reputable. Ask family and friends for recommendations, and find out how long the agency’s been in business. After determining your ideal destination, consider these tips to get the most for your money: * Book your flight and hotel together as a package. The rates often are lower. * Search for airfare sales on Tuesday evenings … …continue

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You’re Invited! Complimentary Retirement Income Planning Seminar on March 19

Mike Smeenge

Are you interested in rolling over an investment account? Do you have questions regarding your current or future investments or retirement planning? On Wednesday, March 19, 2014, Consumers Credit Union’s Riley office is hosting a complimentary Retirement Income Planning Seminar at 6:00 pm to help you think through the above questions. This seminar will be presented by Mike Smeenge, a CFS* Financial Advisor at Consumers Credit Union. With a background in business and finance and a solid commitment to the financial well-being of each member, Mike is ready to help with retirement planning, educational planning, and investment management. To reserve your seat for this educational seminar, please register here. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the … …continue

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How Low Can You Go?

Black Credit Card - enlarged

How about zero? Take advantage of 0% APR* on all purchases and balance transfers made through March 31, 2014! After that, your standard variable APR of 8.99% – 22.99%, depending on your credit history, will apply. Save even more with no balance transfer fee! Don’t have a credit card at Consumers? Apply today and start saving. Call 800.991.2221 or stop in to get started. *APR = Annual Percentage Rate. Promotional 0% APR available for balance transfers and purchases made through March 31, 2014. The 0% APR is good for 6 billing periods from the date of the first purchase or balance transfer. Balance transfers will be processed as cash transactions and at the end of this promotional period, if a balance remains, will be subject to daily finance charges at your standard APR. The minimum payment will be applied to lowest rate balances first, while all payments exceeding the minimum … …continue

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