What is Credit?
First Financial Credit Union’s “once a member, always a member” policy ensures that membership privileges last a lifetime, even when circumstances change, such as employment or retirement.
Over the past few years, the average federal tax refund has come to about $3,000. That's not exactly chump change. With the filing deadline approaching, it's not too early to begin thinking about how you'll use a refund this year. Here are five pointers to keep in mind.
1. Pay down debt
It's not as much fun as booking a trip to the Caribbean, but cutting down the amount of debt you owe is one of the best money moves you can make. Outstanding loan and credit card balances can hurt your credit score, making it more difficult to get the best rates on new borrowing. If you're saddled with credit card debt, consider paying off the balance with the highest interest rate first.
Before going to the dealership, arm yourself with the knowledge and resources that will help you make the most out of your investment. Save on auto financing by getting pre-approved and putting money down.
1. Get Pre-Approved
There are many benefits to getting pre-approved for an auto loan. Not only will you know your credit score, but you can also discuss with your lender what you are comfortable paying monthly for a new car, and receive advising on what your best financing options look like.
The holidays have passed, the New Year is well underway, and you're looking for new ways to budget better and consolidate debt. If you’re like most people, your credit card balance is probably a lot higher than you would like it to be right about now. Coming out of the highest spending season can leave you panicked about how to pay down credit card debt or wondering how to even begin paying off all of those bills. While there is no perfect solution, there are several ways to help accelerate paying down balances and set priorities that give you real beneifts.
Focus on the card with the highest interest rate
The national average interest rate on a credit card is 15.2 percent1. If you currently have a card with a higher rate, a great strategy is to focus on paying down that balance first. Even if this card is not carrying the largest balance of all your cards, it can cost you the most in interest payments because of its higher rate. By only making the minimum payment for this card every month, the interest can add up a lot quicker than you would think.
An ATM can be a lifesaver when you're on the go and need some fast cash. But as helpful as these machines can be, they're also magnets for fraudsters who are out to make a quick buck. In fact, criminals stole debit card data at ATMs at the highest rate in over 20 years during the first several months of 2015, according to a report in The Wall Street Journal.
Here's a closer look at what you can do to stop these criminals and ensure that your money stays where it belongs: in your wallet.
Topics: Identity Protection
2015 Community Partnerships
A major focus of Credit Unions is being concerns for community. As a non-profit, we work to provide financial education and lending opportunities to enhance our local community. A financially stable and informed member base is mutually beneficial for the success of our organization and our members. Because of this, First Financial looks to partner with other non-profits and community organizations to promote the Credit Union difference and offer our support. Our current community partnerships include:
Topics: FFCU Updates
The New Year's resolution for many of our members is to budget and save money in the coming year. This seems like a feasable task at first, but the hardest part is deciding where to trim your annual budget and which expenditures you are able to cut out or reduce from your daily life.
First Financial's goal is to help our members achieve financial success. However, financial success can mean something different to each person. Whether it be achieving financial freedom from your debts, or saving and investing in something for your future, it all needs to start with a solid plan and some reserved capital.
First, it is important to understand how a savings or deposit account works, and in this case how the benefits of investing with a Credit Union are two-fold . Let's use this seasonally appropriate clip from It's A Wonderful Life as an example.
Topics: Saving & Budgeting
The Board of Directors is pleased to welcome Michael Abraham as our new CEO. Michael has a Master of Business Administration in Finance from the Keller Graduate School of Management and a BA from DePaul University. He has worked for several small community banks, for Citigroup and an auto lender. He joined First Financial Credit Union in January of 2014 as Lending Manager and was promoted to Vice President of Operations in February of 2015. Michael's extensive background in the financial sector and his passion for Credit Unions will help us grow FFCU while maintaining our family culture and financial stability.
As I pen this letter, it is with both sadness and excitement that I will be leaving FFCU. Effective Monday, Dec 24th, Michael Abraham, FFCU’s current Vice President of Operations will become President/Chief Executive Officer of First Financial Credit Union.
The sadness of this announcement stems from the great organization I will be leaving. When I look back to when I started here eight years ago, there have been an abundance of changes and transformations. Together, we’ve taken a small, one-office Credit Union that was originally chartered to serve the employees of AT&T Teletype, and have transformed FFCU into a financially strong, member-centric organization that serves multiple communities with multiple locations. None of this would have been accomplished without a great staff and loyal members. I am proud that our organization is continually looking for ways to add value to our members, whether it’s better rates, or staying on the front edge of new product and service offerings. Our Credit Union is committed to our purpose: helping members achieve financial success.