FFCCU Blog

The Ultimate Mortgage Abbreviation Cheat Sheet

Here’s a little trade secret: financial institutions LOVE acronyms. No, not LOL and FOMO, but more like FICO and LTV. Not to worry. At FFCCU (that’s Firefighters Community Credit Union, BTW), we’ve compiled the ultimate list of mortgage abbreviations and mortgage acronyms that you might come across when applying for and filling out all the… (read more)

7 Great Tips to Model Healthy Cash Management for Kids

This post is from our partners at GreenPath Financial wellness. If you need help managing your finances, GreenPath’s certified experts can advise you on budgeting, debt repayment options, and more.  As adults, how we handle finances sends a powerful message to children. That’s why it’s essential to model the healthy cash management behaviors that we want… (read more)

9 Ways to Fight Inflation and Secure Your Retirement

According to the Bureau of Labor Statistics, we are experiencing record inflation: 9.1% as of June 2022. We haven’t seen inflation this high since the early 1980s. The higher inflation goes, the less each dollar you have and earn is worth. If that sounds scary or confusing, check out what our guest blogger, Nichole Coyle… (read more)

Ways to Avoid a Cash Downturn with a Money Market Account

With this crazy economy, it’s more important than ever to stash some emergency cash. Thankfully, there are lots of great options for those looking to save. One fantastic choice is a money market account. What’s a Money Market Account?  Think of a money market account as a combination of a savings and checking account. Remember,… (read more)

5 Ways to Live Your Best #Van Life

After two years in a global pandemic, many people have made a shift to make life on the road a permanent way of life. In fact, the 2019 census saw a 38% increase for people living full-time in their van, RV, or boat, and why not when they can travel, work, and play from their very own… (read more)

What’s the Best Choice: Paying off a Mortgage or Investing?

Are you wondering if paying off your mortgage early or investing is a better choice in the current economic climate? Nichole Coyle, Certified Financial Planner™, has some answers to help guide your decision. Why It May Make Sense to Pay off Your Mortgage Early: 1. You have a high-interest rate and refinancing to a lower… (read more)

6 Things You May Not Know about Certificates

You may have heard of a CD, certificate of deposit, or share certificate – it’s called many things, but no matter the name, a certificate is a great tool to have in your financial toolkit. But what are certificates anyway? And how do they work? 1. What is a Certificate? A certificate is a type… (read more)

How to Save Money for Wedding Financing in 2022

If you are planning your wedding financing this year, you may be in for a challenge. After more than a year of postponements due to Covid-19, the industry has seen a huge increase in demand for weddings and large events. As a result, the demand for every aspect of the industry is higher than ever… (read more)

6 Easy Ways to Teach Your Kids Financial Literacy

Ready to talk with your kids about money? It’s usually not the first thing on a parent’s mind with school, extracurriculars, and the hustle of everyday life. However, the earlier you start teaching your kids about smart money management, the better off they’ll be to handle their finances as an adult. Not convinced? Learn why… (read more)

4 Reasons it’s Important for Kids to Learn Financial Literacy

Think childhood is too early to learn financial literacy? Think again! Do you remember learning how to tie your shoe? Do you still tie your shoe the same way? Simple skills learned while young stick and can help them throughout their lives. A FINRA Investor Education Foundation study found that four in five young adults… (read more)