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CFCU Blog

Welcome to the official CFCU blog - A resource for financial tips and credit union news.

  • Our Top 3 New Year's Money Resolutions

    It's a New Year, a clean slate. It's the time of year when we evaluate where we've been in life and the direction we want to take for a successful future. It's the time to make lists and compile resolutions.   Read More...

  • CFCU Opinion Corner: Wells Fargo

    CFCU Opinion Corner: Wells FargoBy Stephen Lark, CFCU Vice-President of Marketing and Corporate DevelopmentWith the recent news surrounding Wells Fargo and allegations of deceptive business practices many financial institution customers are wondering if their bank or credit union is up to the same tricks. In the case of Wells Fargo, we haven’t seen the extent of harm actually done to consumers. When the dust settles, the actual financial harm to consumers could be minimal, with the larger ...  Read More...

  • 5 Things: EMV Chip Cards

    According to the Identity Theft Resource Center, the number of data breaches reported in 2014 reached a record high. In the last few years, we’ve seen data breaches hit major retailers including Target, Home Depot and ebay, causing not only headaches for consumers, but cost on average $3.5 million. The new EMV chip cards, which started rolling out in early October, aim to cut back on data breaches and fraudulent charges.   Read More...

  • 5 Things: Youth Savings Month

    April is Youth Savings Account month and Communication Federal Credit Union is here to help you teach your children financial responsibility. All month long, when you open up a savings account for your child (18 and under), CFCU will match your deposit up to $25*. But why is having a savings account at a young age important?   Read More...

  • 5 Things: Myths about Credit Unions

    There are many benefits of joining a credit union. From free checking accounts to excellent customer service to lower interest rates on loans, credit unions offer a variety of benefits that help out its members. This perhaps is the main reason credit union membership increased to more than 98 million in 2012.   Read More...

  • 5 Things: Saving for Vacation

    Summer is just around the corner and if you’re like many Americans, you are planning a vacation. Getaways give you a chance to step away from your job and spend some much needed time with your family. However, according to a survey conducted by Alamo Rent a Car, over 45% of Americans taking a vacation worry about overspending, which will lead to stress.   Read More...

  • 5 Things: Financially Smart Ways to Use Your Tax Refund

    Tax season has arrived and more than half of all Americans expect to receive a refund. If you are one of these people, you may be thinking about how you will spend the refund. No matter how tempting it is to deplete these funds on a new television or new clothes, saving or investing the money is the optimal choice.   Read More...

  • 5 Things: Financial Tips for Recent College Graduates

    College students are graduating with a lack of financial skills, at least according to a survey by the American Institute of CPAs. The survey states only 39% of college students have a monthly budget and almost 50% said that at some point in the past twelve months they had less than $100 in their checking/savings account. While financial wellness may not be a priority for many new graduates, it should be, as poor financial decisions in your 20s could affect you decades later.   Read More...

  • 5 Things: Financial New Year's Resolution

    ‘Tis the season to create your New Year’s Resolution. If you’re still deciding on what goals you think you should set for 2016, think about improving your financial wellness. Maybe you’ve cut up your credit cards and swore off using them again or you decided to make a commitment to improve your credit score.   Read More...

  • 5 Things: Getting out of Debt

    Whether it’s credit card expenses or other unsecured debt, paying down bills can often leave people feeling overwhelmed. Magnifymoney.com released a survey in 2014 that said that more than 40% of all adults have credit card debt with the average balance being more than $10,000. If you were to only make the minimal payment on it, it would take years to pay it off.   Read More...

  • 5 Things: Black Friday Shopping

    We’re just a few days away from Black Friday, a day where eager shoppers line up, sometimes even camp out, hours ahead of time in an attempt to save money on their Christmas purchases. Many retailers open shop on Thursday evening and feature many of the hottest electronics, DVDs, video games and more on sale. But are the deals as good as the ads make them out to be?   Read More...

  • 5 Things: Financial Tips for Newlyweds

    According to Wedding Paper Divas, 40 percent of couples spend 10-15 hours per week planning their wedding. This includes finding the perfect location, the right dress and suit, the right food and all the other minor details that make the wedding day perfect. But after the dust settles, many newlyweds struggle with finances and planning for their future.   Read More...

  • 5 Things: Preparing for Retirement

    Retirement isn’t something most recent college graduates will immediately plan for upon landing their first job. With all the fuss about whether or not this generation will have access to social security benefits, it’s imperative to start saving as soon as possible to make sure you have a nest egg that will help you live a comfortable lifestyle when you retire. But obstacles are always there, especially with the rising student loan debt crisis.   Read More...

  • 5 Things: Avoiding Unnecessary Student Loan Debt

    In 2014, 7 out of every 10 college students graduated with student loan debt. What’s worse is they had accrued on average more than $33,000 in debt. As this rises, so do delinquent payments.   Read More...

  • 5 Things: Protecting Your Identity

    You’ve heard about the danger of identity theft and the importance of protecting your social security number, banking information and other personal information. But you may not be aware of how easy it is for thieves to obtain this information. According to the Federal Trade Commission (FTC), identity theft was the top consumer complaint in 2014, making it the top complaint for the fifteenth straight year.   Read More...

  • 5 Things: Improving Your Credit Score

    Credit scores play a huge role in our daily lives. Whether you are purchasing a vehicle, a home or just need a personal loan, a good credit score can save you hundreds, if not thousands of dollars over the lifetime of the loan. While there’s a negative stigma that comes along with having a poor credit score, many responsible people have had a run of bad luck causing their score to drop.   Read More...

  • 5 Things: Budgeting for the Holidays

    With the holiday season just around the corner, putting money back is key to avoiding the stress. While budgeting for the holidays is a year around chore, creating a budget and saving today will prepare you for the holiday season. Here are five simple steps you can take to save money for the holidays.   Read More...

  • 5 Things: New Online Banking

    On September 22, Communication Federal Credit Union will launch its new online banking system and app featuring a variety of enhanced features, making managing your account and bills much easier. Here are 5 things you need know before it launches: 1. Your Login Information is Changing If you use online banking or the CFCU mobile app, we will be sending you special login instructions prior to the launch date, as well as providing an online resource center with video tutorials to help make your tr...  Read More...

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