• Featured

    Save Smarter

    Six Tips for Keeping your Smartphone Secure How your device could be just as vulnerable to hackers as your computer. Presented by Member One Federal Credit Union What’s shiny, contains some of your most precious memories, and is rarely out of sight? No, it’s not your child after being slathered in sunscreen at the beach. It’s your smartphone. You hear about the importance of securing your computer from hackers, but are you aware of how vulnerable your smartphone could be too? In honor of National Cyber Security Awareness Month, we’ve rounded up tips to help keep the sensitive data on your device safe.  1. Set a personal identification number (PIN)…

  • Featured

    Save Smarter: Spring Clean Your Finances

    Put the shivering cold behind you and look ahead to warmer temperatures. Spring is coming! But this time of year isn’t just about rain showers and blooming flowers—it’s time for some spring cleaning, which includes tidying up your finances. Follow these tips to de-clutter your financial life and give you a fresh start for spring. Close dormant accounts. A financial institution will typically send you a notification if you have an open account that hasn’t been accessed for a set amount of time. If you don’t plan on using the account, close it as soon as possible. This ensures that you’ll avoid any dormant account fees and recoup any remaining…

  • Featured

    Transitioning from Double to Single-Income

    Planned or unexpected, major life changes that result in less income like job loss, illness, or becoming a stay-at-home-parent, bring about many challenges. Not only can they throw you emotionally and even physically for a loop, they also have a big impact on your finances. We’re here to offer tips for handling your finances during this sometimes-inevitable life transition. Review your household budget. Having an established budget while transitioning from a double- to single-income household is crucial. You need to be acutely aware of how much money is coming in and going out (and to where). This is the perfect time to find every way possible to cut down on…

  • Featured

    Six Ways to Optimize Your Tax Refund

    According to the Internal Revenue Service (IRS), the average taxpayer received a $3,000 refund in 2017. This chunk of change—depending on how you allocate it—could make a big impact on your bottom line. Before you’re tempted to spend it on impulse buys, consider these options for maximizing your tax refund. Boost your emergency fund. Financial experts say you should have three to six months’ worth of living expenses saved in an emergency fund to protect yourself in case of a job loss or another unexpected financial hardship. Stashing your tax refund into an emergency fund could get you well on your way to reaching that dollar goal. Pay off high-interest…

  • Featured

    Avoiding a Financial Doomsday

    A major car repair, job loss, or medical emergency—all are scary realities and could lead to financial ruin unless you’re prepared. While these misfortunes are often unpredictable, there are things you can do to prevent financial catastrophes. With a new year on the horizon, now is the perfect time to get your emergency fund in place. Build up your emergency fund. According to financial experts, you should have three to six months worth of living expenses saved in an emergency fund. This should protect you in case of a job loss or another unexpected financial hardship. While that amount might seem daunting, you can start small. Make a goal of…

  • Featured

    Home Equity Basics from Member One

    Your home improvement to-do list is a mile long, but you’re lacking the funds to get anything done. Sound familiar? Since the likelihood of stumbling upon a pot of gold is none, consider tapping into your home equity—the difference between what your property is worth and what you still owe on your mortgage. Read on to learn more about how to leverage your home’s hidden value. Do the math. Home equity is calculated by looking at the value of your home and subtracting the amount you owe on any mortgages. Let’s say your home is valued at $200,000, and you owe $150,000 on your mortgage. That means you have $50,000…

  • Featured

    Member One: Credit Score Quick Guide

    It’s one of the most important numbers linked to your identity: your credit score. But are you fully aware of why it’s so significant, and what constitutes a good credit score? Read on for a brief explanation of what it is and tips for improving it. What is it? Your credit score is a number that ranges from 300 to 850 and, along with repayment history, is an indication of your creditworthiness. Anything above 700 is generally viewed as good credit and signals to potential lenders that you’re more likely to pay back your debts on time. Why should I care? A credit score helps determine whether you’re approved or…

  • Featured

    Warm Up to Responsible Spending

    With warm, sunny days upon us, it’s time to plan for more than just your tan: summer spending. Vacations, airline tickets, dining out, and entertainment—it adds up. If you haven’t budgeted for these expenses in advance, a quick swipe of your credit card takes care of it. But if responsible credit card use isn’t your strength (or you just need a refresher), these tips could help curb the temptation to overspend this summer. Be selective. There are several factors to look at when picking a credit card. First, you’ll want to see what your limit is. If you don’t think you can handle the freedom of a credit card, start…