Archive for the ‘ Budgeting ’ Category

Pre-approved Auto Loans


Before you shop and get your heart set on a certain make and model, wouldn’t it be nice to know exactly how much car you can realistically afford? With a pre-approved auto loan, you can shop  and feel good about that potential purchase and how it will impact your budget.

little_car_on_money2Buying a car is typically the second-largest purchase you’ll make after a house. Like with any loan, you’re going to have monthly payments. Those payments mean a fixed payment, every month, at the interest rate you qualified for based on your credit history, for a certain length of time. If you can’t afford those payments down the road, you could end up losing your car or may have to sell it and start over to get something more affordable. A great perk of a pre-approved auto loan is that it helps you figure out how to fit that monthly payment into your current budget. It also gives you time to make any necessary adjustments. Use our financial calculators to help you work out your numbers.

Having a pre-approved auto loan transforms you into a “cash buyer” and in turn, puts you in the driver’s seat  when you’re at the dealership. It will help you be in a better position when negotiating your purchase and will help you stay on track because you already know exactly what you can spend. Be sure that while you are shopping and looking at the prices that you keep in mind that there will be sales tax and other fees that will go into the deal before you can drive away. And, if you have a trade in, that could be a plus or you may choose to sell your current vehicle yourself. In any case, keep your potential trade in well maintained, cleaned and  have an idea of its current going rate by checking out its Kelley Blue Book value or through Edmunds.com.

 Ready to get started? A Members 1st Pre-Approved Auto Loan allows you to lock in your rate for 30 days until you make your decision. All rates are based on the model year. We offer a variety of terms to suit your needs. Check out our auto loan rates today and get ready to apply.

Note: Be sure to ask us about Member Value Protection. This is optional  coverage you can elect to have when you apply for your loan. It gives you the peace of mind of knowing that your monthly loan payments will be cancelled in the event of death, disability or involuntary unemployment.

Tips to Fix Your Finances


Unless you’re born into it or inherit it, most of us have to work for the money we need. Some of us work more than one job to make it all come together. Sometimes we have to borrow money for the things we want or need like a home, car, wedding, or to finance an education. Sometimes people take on more debt in terms of credit cards and loans than the amount of money they bring in to make the payments.

Bob Marquette, our President & CEO, was recently featured on FOX 43’s “Fixing Your Finances“. He discussed how credit score works, why a good credit history impacts your ability to obtain a loan, and provided tips on how you can improve your own credit score.

Looking to fix your finances? Check out Bob’s segment by clicking below:

FOX43 Blog Post

Friendly reminder – Check Your Credit Report Annually

You are entitled to a free copy  of your credit report every year. It’s important to check your credit report regularly for accuracy, discrepancies, fraudulent activity, and identity theft. And federal law requires Equifax, Experian and TransUnion, the big three consumer credit reporting companies, to provide you  with a free credit report every 12 months if you request it. Get your free credit report today.

Need additional help? 

We offer our members access to money management and financial education services through GreenPath Financial Wellness.  As a member, you can receive assistance with:

  • Personal and family budgeting
  • Understanding your personal credit report and how to improve your score
  • Personal money management
  • Debt repayment
  • Avoiding bankruptcy, foreclosure, and repossession

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What’s the difference?


Do banks and credit unions all seem the same to you?  You have heard the term “credit union” over and over again but you just don’t know what makes it all that special.  Credit unions are actually much more different from a bank than you think!  Here at Members 1st Federal Credit Union, we take pride in the things that differentiate us from banks, and we want you to better understand why.

There are many distinct differences between credit unions and other banking institutions. If you’re already a member, that’s great. Think back on the reasons that made you switch financial institutions. If you’re not a member, this video will highlight some very good reasons to help you to decide which financial institution is the best for your needs. The benefits of credit union membership are countless!

 

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Experience the credit union difference. If you’re not a member at Members 1st Federal Credit Union, consider checking us out.

 

Written by guest blogger Zach Heckert, Marketing Intern

Think of what you spend in a day


Have you ever wondered during your daily routine if there was something you could be doing to save you money?  Every day, you make simple decisions that can cost you a good chunk of cash that could be saved and used for weekend fun.  Often times you make these decisions without even thinking of the quick and easy alternative rather than spending money.  Luckily for you there are plenty of simple and cheap swaps you can make to have more money at the end of the day.

In this quick video, you’ll see multiple ways that you can save money that are easy to change in your daily life.  You will see how simple it really can be for you to save money, which will make you and your wallet much happier!  Not only could these cheap swaps save you money each week, but they could also result in saving you time.  Begin applying these easy changes to your daily routine, and start saving some serious cash.

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Members 1st Federal Credit Union can help you manage your money. Click here to learn more.

 

Written by guest blogger Zach Heckert, Marketing intern

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