Saving money is a challenge. Not only do unexpected expenses pop up, but dividends on your savings account can sometimes accrue so slowly! Even though your savings balance may seem like it’s growing at a snail’s pace, a magical power called “compound interest” is on your side. Check it out! The more money you save, the faster your money will grow.
You know what the best part of cooler weather is? It’s TREAT season! October, November and December are each full of indulgence in their own ways, which means a particular treat may be on your mind. Dreaming of an ATV, snowmachine or Hawaiian vacation? What about a simple dinner and movie night? No matter what your idea of “splurging” entails, we can help you plan ways to afford it. Check out the following seven tricks to afford your next treat!
Update: The live-stream has ended, but you can rewatch the town hall here.
Tune in right here at 6pm on Wednesday, October 28 for a live-streamed town hall meeting with CU1’s President/CEO, Tom Newins. This is your chance to get the inside scoop on what’s in store for Credit Union 1! Tom will be answering questions submitted by members – so if you have one to ask, let us know in the comments below!
Your PFD has Arrived!
UPDATE: Good morning, CU1! Online Access is back. We’re happy to announce that each aspect of this service is now available, apart from the “Alerts” feature which we have temporarily disabled. This has caused old and/or erroneous alerts to be sent to some members’ emails, so please disregard if you spot a strange or outdated alert in your inbox. As always, if you suspect that an alert is fraudulent, please call us to verify!
Happy PFD Day, Alaska! We’re excited that so MANY of you are receiving an extra $2,072 to boost your financial wellness today. Unfortunately, the high traffic of this day also means many folks are trying to access their accounts online simultaneously. As a result, Credit Union 1’s Online Access service is temporarily down – but please rest assured that we’re working quickly to bring it back online for you!
In the meantime, we have GREAT NEWS! Direct deposits of PFDs have reached your account. As soon as Online Access is available again, we’ll let you know so you can sign on and bask in the glory of that nice fat balance. Thanks for your patience, CU1’ers. This day is all about you, and we’re hard at work to help!
Please feel free to leave us a message in the comments below!
Can you feel the excitement in the air? PFD season is upon us, and Alaska is brimming with joy! This year, you’re going to make that PFD stretch further. Have more fun, reach more goals, and most of all avoid PFD hiccups that can cause a serious hassle. How exactly? Check out the following five mistakes that Alaskans commonly make with their PFDs, and learn how to avoid them. With our advice in your pocket, you’ll save time, energy and funds!
The new school year is upon us, and if there are kids in your home you’ve likely been knee-deep in school shopping. New clothes, shoes, graphic calculators – the list goes on! Unfortunately, as that shopping list grows, your wallet is likely cringing with dread. Back-to-school can be pricey, but a sound strategy can make a HUGE difference. Check out a few things we’ve learned from our own school shopping exploits (as well as some wisdom our mommas shared, because that’s the best kind!).
1. Save last year’s supplies!
Remember that wad of half used pencils and pens that still have ink in them from last school year? Use them, don’t replace them. This strategy is good for the wallet and GREAT for the household junk drawer.
2. When you shop online, nobody notices if your child has a meltdown.
We’ve all been there. You’re stocking up on school supplies and your kid loses it in the middle of the store. #Embarrassing. Save yourself the stress of a stand-off and
Alaskans experience a unique phenomenon in the summer: we suddenly have energy to GO GO GO without sleep or sustenance! If you’ve ever caught yourself mowing the lawn or grocery shopping at 11pm on a sunny weeknight, you know what I mean. Although this energy can feel dangerously close to crazy-town at times, it’s also a great way to accomplish more than you normally would.
With summer winding down, it may be time to harness your amped up motivation and tackle those DIY projects you’ve postponed (for dipnetting, mountain climbing, summer concerts and all the other cool things you do!). Could your home use new windows or doors? Have you had a bathroom addition on your mind, or are you hoping to sell in the spring and need to make improvements beforehand? These projects have DIY written all over them (or hey, you could use a contractor too – no judgement).
Before you get started, there are a few important things to know. Not all home improvement projects are created equal – meaning that not only do some take more time or money, but some will give you more or less return on your home’s overall value. So don’t choose your project too hastily! It’s important to balance the fuzzy-good-feeling “value” that a project will give you (because a new deck would be AMAAAAZING!) versus the monetary value you’ll retain. Check out the cool info below to learn which projects pay off the best versus which can be total duds. And good luck getting your DIY on!
A few weeks ago, we shared a blog about what exactly your credit score means and we gave you the scoop on 13 things you didn't know about credit. Now that you know what your number represents, let’s look at ways to improve it! When you have a healthier credit score, you’ll enjoy lower loan interest rates – which basically means you pay less for the money you borrow. Win-win!
Want to learn even more about credit? Sign up for a FREE Discover Financial Fitness class offered in-person and online.
Alaskans love to celebrate. Whether it’s a traditional holiday or our unique attention to the summer solstice, we don’t miss a chance to throw a party! Birthdays are a fabulous thing, especially for Alaskans who do two (among many) things very well:
Fraud and identity theft sometimes sound like threats from an alternate universe. Definitely not something that could happen to you! The thing is, identity theft has become increasingly common (and easy) with the rise of technology, which means everybody needs a few fraud-fighting tricks up their sleeve. Read on to stock your fraud-fighting arsenal!