#1. Credit Unions are Not-For-Profit One of the key differences between banks and credit unions is that credit unions are not-for-profit financial institutions. When you deposit your money at 1st Financial Federal Credit Union, you're actually buying shares of the cooperative. Rather than being a customer, you are a member owner of the credit union. … Continue reading Top 5 Reasons that Credit Unions are Better than Big Banks
Welcome to February, where cold winter weather makes it the perfect time to stay indoors. I don’t know about you, but I’m going stir crazy. Thoughts have been swirling around in my mind about all of the things I want to accomplish around the house as well as the projects that I could/should already be … Continue reading Your February Money To-Do List
You asked and we answered. Tracy and Laura share 5 commonly asked questions about your credit union. #TheBetterWayToBank #WhereYouBankMatters Featuring: Laura Woods & Tracy Verner with 1st Financial Federal Credit Union in St. Louis, MO. https://1stfinancialfcu.blog/ Connect with Us: https://1stfinancialfcu.blog/ https://www.1stfinancialfcu.org/ https://www.facebook.com/1stFinancial
This week around the credit union we’ve been talking a lot about job loss. Not because any of us are in that position, but because we know so many people that have been affected by the government shut down. We’ve been brainstorming how we can help them, but it can be overwhelming to consider what … Continue reading Dealing with an Unexpected Job Loss
After Eric and I got engaged we moved in together and got a real-world reality check. It quickly became obvious that we needed to figure out how we were going to handle our expenses and financials as a COUPLE… yikes! We knew that we needed and plan and that being on the same page with … Continue reading The Newlyweds Guide to Budgeting
Ah, retirement. There are a lot of bad retirement plans out there... winning the lottery, waiting for a large inheritance, or banking on your Social Security. But if you plan it right, you might just get the cozy lake house that you've been dreaming of.
Ah, retirement. The freedom to travel the globe and take advantage of the freedom of not going to work every day. Don’t get me wrong, I love my job, but retirement is the ideal time of your life for travel, since work-related constraints go out the window. Affording those trips though is often easier said … Continue reading How to Budget Enough to Travel in Retirement
Although retirement may be decades away when you're in your 20s and 30s, it's a vital milestone to start planning for. The earlier you start thinking about it and preparing for it, the less likely you are to get caught up in the catch-up game as retirement approaches. My husband and I are both 28-years-old … Continue reading Preparing for Retirement in Your 20s and 30s
Credit unions were born with a philosophy of “people helping people” and in large part, credit unions are well known for not only providing better banking products, but also for their involvement with their local communities. At 1st Financial, we’ve taken it one step farther and have teamed up with local organizations who are helping … Continue reading Why Credit Unions are the Better Way to Bank
What does it look like when life happens to you? Laura and Tracy talk about what to do when you get hit upside the head by life.