The First Financial Credit Union Blog

International Credit Union Day Celebrates, The Authentic Difference

Posted by Gabby Boyce on Oct 3, 2016 9:00:00 AM

On October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day).

Credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions, but with a people-first philosophy. Since 1948, on the third Thursday of every October, credit unions have celebrated the principles that make credit unions the best financial partners of people all over the world.  “The authentic difference,” this year’s ICU Day theme, zeroes in on what makes credit unions different from banks, fintech startups and other financial institutions—our principles. 

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Topics: Membership, FFCU Updates

How to Save for Retirement

Posted by FFCU Partner on Sep 27, 2016 9:00:00 AM

Whether you’re young or young at heart, trying to wrap your head around saving for retirement can seem overwhelming when you’re focused on day-to-day expenses. But putting off saving now can haunt you later. Here are some tips for saving for retirement.   


  • Decide on a savings goal
    You can’t predict the future, but you can set a retirement savings goal by reviewing your current spending and projecting your spending needs in retirement. Experts say you’ll need at least 70% of your current income to keep your same standard of living in retirement.

    After calculating your current and future spending needs, take stock of your savings so far. A retirement calculator will help you assess where you stand and set a new monthly savings goal for retirement. An important factor to consider is at what age you plan to retire.
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Topics: Saving & Budgeting

How to Survive a Summer Filled with Weddings

Posted by Gabby Boyce on Aug 9, 2016 12:20:40 PM

We are well into wedding season, and sometimes attending several weddings in a season can take a toll on your wallet. The focus is often the bride or groom, and comparatively little attention gets paid to the guest. Some years, usually in your mid-20s, seemingly all of your closest friends are getting married. With outfits, gifts and travel, it's a lot to manage — and pay for.

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Topics: Saving & Budgeting

FAQ: What is GAP insurance and do I need it?

Posted by Gabby Boyce on Jun 8, 2016 1:34:14 PM

If you have ever leased a vehicle or taken out an auto loan, chances are you have been offered Guaranteed Auto Protection (GAP). 

If you have an accident while you are still paying off your auto loan, the primary insurance for your vehicle will pay you the current market value of your vehicle, but not the total amount you may still owe to the credit union, bank, or dealership that financed your loan. All vehicles depreciate over time, especially if you put a lot of miles on the car.

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Topics: Borrowing Advice & How to Build Credit

Financial Tips for Recent Grads Entering the Workforce

Posted by Gabby Boyce on May 3, 2016 10:29:27 AM

College is in your rearview mirror, and you're about to enter the working world. Although snagging a job certainly calls for a celebration or two, it is also time to start tackling the various financial responsibilities that await you, like saving for retirement and improving your credit score.

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Topics: Saving & Budgeting, Borrowing Advice & How to Build Credit, Youth Services

The Free Credit Score You Have is Probably Wrong

Posted by Gabby Boyce on Apr 20, 2016 1:42:49 PM

There are hundreds of different credit scoring models circulating in the marketplace today. In an effort to make credit scores more accessible to the public, some credit card companies and other financial platforms offer “free” credit reports. However, many consumers have recently been caught off guard when lenders pull scores that are much different than the scores they received on free reports.

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Topics: Borrowing Advice & How to Build Credit

Are Your Kids on Track to Financial Independence?

Posted by Gabby Boyce on Apr 4, 2016 10:00:39 AM

Are your kids on the right track to financial independence?

For many of today's young adults, the weakest link lies in learning the basics. According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card, and 59% of teens do not have money management classes offered at their schools.

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Topics: Saving & Budgeting, Membership, Youth Services

Credit Union Strong - The Youth Savings Challenge

Posted by Gabby Boyce on Mar 29, 2016 3:52:00 PM


April is National Youth Savings Month! To celebrate, First Financial Credit Union is hosting a Youth Savings Challenge to help our young savers become Credit Union strong.

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Topics: Saving & Budgeting, Membership, Youth Services

Best Ways to Fund Spring Home Repairs

Posted by Gabby Boyce on Mar 17, 2016 4:24:00 PM

Now that spring has blossomed into full-on allergy mode, the time we spend outside is even more appreciated — especially with the help of a good antihistamine. The next time you venture out, take a moment to do a walk-around inspection of the old homestead. See some room for improvements? Maintaining, repairing and upgrading a home can range in cost from a minor trickle to a major cash drain.

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Topics: Borrowing Advice & How to Build Credit, Home Financing

Understanding IRAs - Saving for Retirement

Posted by Gabby Boyce on Mar 4, 2016 2:58:02 PM

Less than half of households ages 55 to 64 have retirement savings, and of those, half have less than $120,000.1 The overall trend of Americans not properly saving for the future in combination with the uncertainty of future Social Security payouts, retirement saving is now more important than ever.

IRA stands for Individual Retirement Account, which is an ideal savings account to have in order to save up for retirement. IRAs often come with tax breaks and offer higher than average interest rates. Two of the primary types of IRA accounts are Traditional and Roth IRAs.

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Topics: Saving & Budgeting

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