One for All Alaska Blog

Five Smart Ways to Use Your PFD

Posted by Credit Union 1 on Oct 3, 2016 11:58:04 AM

For many Alaskans, October is an exciting time of year thanks to three happy letters: P-F-D! This windfall of cash opens up spending windows you may not usually have – so what’s the best way to use this money? If you’re thinking of a big screen TV or Hawaiian vacation, you’re right that both of those sound like fun. However, with a little extra planning, you can invest PFD funds in YOURSELF and earn an even bigger reward! Here are a few great “investment” ideas:

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Topics: PFD

How to Buy Your First Car

Posted by Credit Union 1 on Jul 15, 2016 5:33:39 PM

What an exciting time! You’re in the market for your first car, which means newfound freedom to go places.  You’ve likely set a budget and have some idea of what vehicle type you’d like – however, you may also need an auto loan to help make this dream happen. Don’t worry! Auto loans are pretty straightforward and simple. Here’s what you need to know:

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Topics: Financial Fitness, Credit, Loans, How To

How to Choose the Right RV or Camper

Posted by Credit Union 1 on Jun 10, 2016 11:21:02 AM

If you’ve ever enjoyed a night of mosquito-filled, chilly-yet-gorgeous Alaskan tent camping, the thought of owning an RV or camper has likely crossed your mind. Wouldn’t it be nice to get out and explore more of Alaska (and everywhere else) from the comfort of your own traveling home? SHAH!

Before navigating an RV or camper purchase, there’s a bit of research to be done. We know you’re busy dreaming of which direction to drive (Seward is great, so is Denali, and, and!) – so to help you choose the right path, here’s your handy-dandy buyers guide to the perfect adventure vehicle:

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Topics: Alaska, Loans, How To

How To: Stop Identity Theft

Posted by Credit Union 1 on May 31, 2016 8:00:00 AM

Identity theft is nothing new, and yet it still manages to cost its victims billions of dollars (yes, that’s billions with a “b”) globally each year—not to mention the time and hassle involved in recovering a stolen identity. 

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Topics: Financial Fitness, Infographic, It's A Money Thing, Credit, How To

What is Compound Interest?

Posted by Credit Union 1 on May 24, 2016 8:00:00 AM

In case you haven’t heard, compound interest is the best. You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!

Even though compound interest is easy to understand — compound interest = more money for you! — those who can potentially benefit most from it (those in their teens and 20s) don’t seem to be taking advantage of it. Savings contributions and retirement savings participation rates are falling among young adults. So if we understand that compound interest translates into free money down the road, what could possibly be standing in the way? 

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Topics: Financial Fitness, It's A Money Thing, Savings

Emotional Volunteers and Amazing Fundraising Results

Posted by Jessie Lavoie on May 13, 2016 4:13:26 PM

As spring blossoms in Alaska, so do the many opportunities to get out into the community! We volunteered 686 hours in April which pays the salary of 4 full time development staff for a month. This is a great reminder that often time is more valuable than money!

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Topics: Giving Back, Community

What's Inflation?

Posted by Credit Union 1 on May 10, 2016 10:49:19 AM

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Topics: Financial Fitness, Infographic, It's A Money Thing, Savings, Budgeting

The Basics of a Loan

Posted by Credit Union 1 on May 3, 2016 10:24:22 AM

Loans help finance some of our biggest goals in life. They can provide access to possibilities that we can’t afford upfront—possibilities like going to school, buying a home or starting a business (to name just a few).

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Topics: Financial Fitness, Infographic, It's A Money Thing, Credit, Loans

Common Money Beliefs

Posted by Credit Union 1 on Apr 27, 2016 11:46:08 AM

As someone who’s old enough to read this blog, you likely have some experience with spending and earning money. Whether your experience is big or small, most people have developed a common set of beliefs or understandings about money by the time they reach adulthood. How accurate are your ideas? And could a change in perspective help you better reach your financial goals?

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Topics: Financial Fitness, Infographic, It's A Money Thing, Budgeting

Credit Score Breakdown

Posted by Credit Union 1 on Apr 19, 2016 9:25:27 AM

You’ve likely heard about credit scores before (thanks to all those commercials with terrible jingles), but what do you actually know about them? How long have they been around? And what’s the deal with checking them?

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Topics: Financial Fitness, Infographic, It's A Money Thing, Credit