Regional Federal Credit Union

REGIONAL federal credit union Tip of the Month: What’s in a Credit Score?

REGIONAL federal credit union Tip of the Month: What’s in a Credit Score? Your Credit Score is a number that helps a lender decide whether to lend you money. The higher your score, the easier it will be for you to get approved and get better rates. There are 5 components to this number: Payment History: even if you only...

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REGIONAL federal credit union Financial Tip of the Month: Creating a financial plan

REGIONAL federal credit union Financial Tip of the Month: Creating a financial plan What is the best way to achieve your financial goals? A Financial Plan is like a road map, and is essential to managing your money effectively. It consists of four components: Budget: A plan that shows how much you earn, spend, and save each month....

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REGIONAL federal credit union Financial Tip of the Month: Credit Card Offers

REGIONAL federal credit union Financial Tip of the Month: Credit Card Offers There are many different credit cards out there, and it can be difficult to choose the onethat works best for you. However, lenders are required by law to give you the sameinformation about their cards. Here are some things to look for in a credit...

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REGIONAL federal credit union Financial Tip of the Month: Setting SMART Financial Goals

REGIONAL federal credit union Financial Tip of the Month: Setting SMART Financial Goals “I want to save money!” That’s a great goal, but how are you going to do it? How will you know you’re done? When it comes to creating a financial goal, it is better to set SMART goals. S - Specific: This tells you exactly what you want to...

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REGIONAL federal credit union Financial Tip of the Month: Money personalities

REGIONAL federal credit union Financial Tip of the Month: Money personalities Do you like to spend your money or save it for a rainy day? These are just some of the ways to describe your money personality, or your attitudes and habits when it comes to money. There are generally four types of personalities, and each has their...

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REGIONAL federal credit union Financial Tip of the Month: Loan Payments

REGIONAL federal credit union Financial Tip of the Month: Loan Payments Stressed out by high credit card balances or other loan payments? Two popular strategies for paying down debt are the “snowball” and the “avalanche” methods. Snowball Method: Start by paying off the smallest of your loans first as quickly as...

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