FFCCU Blog

How A Credit Union Helps You Master Your Financial Future

While you may have a vague idea of what credit unions are, you may be unaware that they could help you master your financial future. But your first question may be, “what is a credit union?” Credit unions are not-for-profit financial institutions. That means the members, or people that open an account, own the financial… (read more)

Five Reasons to Use a Credit Union for your Mortgage

If you know anyone who has recently tried to buy a house, you know what a challenge it can be. Due to the economy, interest rates are climbing, and it isn’t easy to find a reasonable interest rate in this market. While there are many options for acquiring a mortgage, people often overlook that their… (read more)

Is Your Beginner Financial Journey Making You Feel Flustered? Use These Tips to Gain Confidence

Finances impact every aspect of our lives, but it’s not always easy to know how to manage bills, emergencies, groceries, and fun money every month. If the words dividend, compounding, or APY feel like a foreign language; you’re not alone. A FINRA study found a 75% decrease in financial literacy among adults from 2009 to 2021. In… (read more)

Wondering how to Fortify Your Investment Portfolio? Read These Great Tips!

Understanding yourself (your needs, wants, and emotional impulses) is one of the most effective ways to start your investing journey. After all, it was Aristotle who said, “Knowing yourself is the beginning of all wisdom.” Whether you are just beginning your investment journey or have been down that road for some time, it’s valuable to… (read more)

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)