Take The Pain Out Of Buying A Car
Many consumers have waited to buy a car in recent years as prices and interest rates have soared. Interest rates remain high, but car prices are starting to come down in 2024. On average, new cars are being sold at 97 percent of list price compared to 102 percent in 2022, according to Kiplinger.com. If you must buy a car this year, here are a few tips to help you buy the car you need at a price you can afford.
Lost Wallet: Here's What To Do
At Universal 1 Credit Union, we understand that unexpected situations can arise. Suddenly, your wallet is securely tucked away, and the next moment, you're left wondering where it went and how you'll manage daily expenses.
It’s important to be prepared. Follow this comprehensive guide to minimize liability and protect your identity in case your wallet goes missing. Remember to maintain a record of your actions, including who you contacted and when.
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How to Afford a Mortgage in 2024
The housing market in America has seen wild swings in the past decade, with average rates on 30-year fixed mortgages reaching record lows of below 3 percent during the recent pandemic.
That helped many people afford a first-time mortgage or buy up to the home of their dreams. It also created more demand which led to steep price increases and low housing inventory. Now that interest rates are above 6 percent and prices remain high, many Americans are finding it hard to fulfill their dream of homeownership. In a recent Credit Karma survey, 49 percent of respondents who don’t own a home said mortgage rates and inflation are preventing them from purchasing one right now.
If you are in the market for a home, it’s important to understand how much mortgage you can afford and what you can qualify for before signing any contracts.
Read More »90 Years of Federal Credit Unions
When it comes to managing your hard-earned money, it’s important to choose a financial services provider that makes your needs their top priority.
Credit unions are uniquely focused on helping people reach their financial goals, whether that is saving for the future, buying a car, or reducing debt. That’s because they are not-for-profit financial cooperatives owned by their members and part of a larger Movement that has helped generations of Americans build a better life.
Protect Yourself From Callback Phishing
What is Callback Phishing?
Have you ever received an email telling you to call a phone number? Calling a phone number may seem safer than clicking on a link, but that's what makes this tactic so effective. In callback phishing scams, cybercriminals send you an email about something urgent, such as a fraudulent charge or a vital software update. What makes this tactic unique, is that the email includes a phone number that you are prompted to call.
Empower Kids to Make Smart Money Decisions
Learning how to manage money wisely is an important skill that can set children up for financial success in life. But it’s harder to explain the value of money in a society that is increasingly becoming cashless.
When children don’t see real money being exchanged, it’s harder for them to grasp the basic concepts around how it is earned and spent on things they need and want.
Discover Resources On How To Educate Savings to Kids
It's Credit Union Youth Month and we are listing several resources for educating finances to children and young teens. As we have touched on this topic in the past, we find out that many tips we share are ones that are not taught in school. Most parents understand that they should teach their kids about money, but where to start can be a challenge. Take advantage of the various resources we listed for teaching financial education to children and young kids.
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