We’ve often shared our view that creating a budget shouldn’t be looked at as a chore, but an opportunity to prioritize where your money goes. Budgeting helps you cut out the spending that doesn’t matter to you so that you have more money for the things you care about it. Of course, that’s why it’s can be difficult to start a conversation about money with someone else. It’s not just about the numbers—it’s about your individual priorities and values. It gets even more complicated when the financial choices of the other person impact your decisions and vice versa. Here are our three favorite tips for talking money with your partner: Ease into it If you’re currently furious at your partner for spending you consider frivolous, it’s not the time to talk. Instead, wait until you’ve cooled off. When you’re ready, don’t start with accusations. Ask your partner why he made … …continue
Many members ask, “Now that we have Online Banking, mobile apps, and debit cards, do I really need to balance my checking account?” “It depends on the way you budget and bank,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the second in the Consumers ConnectU November account series for money management tips that don’t involve a checkbook register (although we’ve got those, too, if you need one!). Want more tips like these? Watch last week’s video, Debit vs. Credit.
Most of us are inseparable from our smartphones. We share pictures as we go about our day, tweet out the articles we’ve enjoyed, keep track of our bank accounts on the go, and ask Siri or Google for directions. All of that activity helps us get our daily tasks done and stay in touch with friends and family; however, it can also leave a data trail for those who would use our information for more malicious purposes. Internet security experts recommend that you selectively disable geotagging on your phone, so that you’re not giving out your location every time you share a picture or a status update, while still being able to use your maps applications to get directions. To do this on an iPhone: 1. Open Settings. 2. Select Privacy and then Location Services. 3. Turn off Location Services for your camera and any additional apps that you do … …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. Knowing how to successfully manage a checking account is an important component of sound personal money management. It allows you to establish a strong relationship with your credit union and have access to other financial products. The following tips will help you to stay organized and manage your checking account with ease. Create a spending plan A spending plan, or budget, will help you organize your finances and maintain your checking account. Develop a plan that makes the best use of your money to be sure your dollars stretch to cover all your financial needs. Maintain your check register Your check register is an important record of your financial transactions. Despite advances in online banking and budgeting programs, many members learning to budget and … …continue
You’re part of our Consumers family—show it off with our logo wear! With men’s and women’s shirts and jackets, hats, bags, and accessories, our new logo wear website offers fashionable apparel for all. “Our members often ask us if they can purchase our clothing items,” says Jeff Visser, Sales and Service Manager. “We found a partner to make that possible with shipping available anywhere a member requests.” Visit ConsumersCU.org/LogoWear to see the many options and place an order. Your order will be shipped right to you, typically within 10 business days. And be sure to check back again in the future, as we will be adding new items periodically. Anything in particular you’d like to see available? Let us know in the comments!
Según el National Center for Education Statistics, los costos para la matriculación universitaria han subido más del 26 por ciento desde 2005. Consecuentemente, la deuda de préstamos estudiantiles también ha subido y se estima que actualmente asciende a $986 mil millones en todo el país. Un estudio reciente de TransUnion informa que la mitad de todos los préstamos estudiantiles están actualmente en mora o diferidos. “Retrasarse en el pago de tu préstamo estudiantil puede resultar muy caro,” dijo Emily Caropreso, Directora de Comunicaciones y Marketing, Iowa Credit Union League (ICUL). “También perjudica tu crédito, lo cual puede tener efectos negativos en todos los aspectos de tu vida financiera.” Según Associated Press, el 53.6 por ciento de los estadounidenses menores de 25 años están desempleados o sub-empleados. Según datos del U.S. Department of Education, más del 13 por ciento de los graduados universitarios muestran incumplimiento en el pago de sus préstamos … …continue
Have you ever been checking out at the store with your debit card and been given the choice of debit or credit? “Even though your debit card is not a credit card—because it’s connected to your checking account—you can select either,” says Tim Kosak, Consumer Lending Manager at Consumers Credit Union. Watch the video below, the first in the Consumers ConnectU November accounts series, to learn the difference between selecting debit and credit.
Consumers Credit Union has been selected to receive the 2013 Credit Union Excellence in Lending Award in the Consumer Lending category. Steve Owens, VP of Lending, and Tim Kosak, Consumer Lending Manager, accepted the award from the Credit Union National Association earlier today at the 19th Annual CUNA Lending Council Conference in Phoenix, Arizona. The Excellence in Lending Awards recognize individual credit unions for their ability to serve members while sustaining sound financial performance. Owens shares, “At Consumers Credit Union, we are committed to the strategy of a 100% loan-to-share ratio. We continually evaluate the services we provide to our members to ensure we’re helping them to improve their finances—no matter what their stage in life or financial goals.” Consumers Credit Union’s Silver Lining Lending program is the result of this attention to member needs. Silver Lining Lending is a unified approach to finances by consolidating loans with a competitively … …continue
When Karon sold her home in Nevada and moved to Holland, she was looking for a better return on her money from a financial institution with a small town feel. She found it at Consumers. “When I went to Consumers, they took care of me and explained everything to me. There has never been an issue.” Karon enjoys the welcome she’s received moving to West Michigan, where even strangers say hello on the street. At Consumers, she adds, “I walk in the door, and they say, ‘Hello, Karon.’ They know who I am. It gets me warm and fuzzy.” She has moved all of her accounts to Consumers and loves the convenience of her debit card. She says, “I just swipe it, put in my PIN, and take off. My daughter insisted that I use my card instead of writing so many checks, and it works well.” “I have one … …continue
Consumers Credit Union’s members recently rewarded the credit union with high marks for great service. Results from the latest member satisfaction survey report show that members appreciate banking with staff they know and trust. “Our competitive advantage is high customer intimacy,” says Kit Snyder, CEO. “It starts with hiring the right people who have a passion for serving our members. We then provide our employees with the right training and tools necessary for their success. Our company culture empowers employees to provide excellent, member focused service at every level.” This methodology has shown outstanding results. The credit union’s most recent member survey, conducted in the fall of 2013, reports that 98.1% of members surveyed are very satisfied or satisfied with the service they receive at Consumers. A record 85.5% reported being very satisfied with the credit union’s service. Say this year’s survey respondents: “I just want to reiterate the outstanding … …continue