Preparing Your Kids for College: The Must Have Money Talk

College Credit

Mother and teenage son sitting on couch, laptop on son's lap while mom is pointing at screen, both smiling

College is more than a formal education. It’s a time for kids to take responsibility for their finances. Many college freshmen have had minimal experience dealing with money. Typically they come from living in a parent controlled world where they have rules, and they know their limits. College offers a sense of freedom that could cause financial problems if not handled …

How to Get By In an Emergency: Personal Loan or Credit Card?

Life and Money

Picture of woman sitting (not showing face) and putting money in a glass jar that contains other bills and change

If you’re unsure how you’d survive a financial emergency, you’re not alone. A survey found that 47% of Americans would borrow for a $400 emergency. As a credit union member, you have borrowing options. Two popular choices for emergency funding are personal loans and credit cards. Here are several pros and cons to each. 1.) Limits. Credit cards have credit …

Credit Cards Or Debit Cards – What’s The Smartest Swipe?

That Makes Cents

Young, smiling, man sitting cross legged on couch with laptop on lap holding debit card in one hand and giving a thumbs up with the other: 2 boxes stacked placed next to him

Most people own at least one debit card and at least one credit card. Although it may not seem like it, there are many differences between the two. Each time you use a credit card, you’re borrowing money. You’ll need to pay that money back to the credit union along with interest. A debit card, on the other hand, simply …