How Your Credit Union Can Help You Keep Your New Year’s Resolutions

How Your Credit Union Can Help You Keep Your New Year's Resolutions Title with eBook Cover of Person Creating New Year's Resolutions After Holidays

Plus, read below on how to download your copy of our FREE 35-page interactive eBook to help guide your finances! 

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Surprise! It’s another new year. Like clockwork, we associate the new year with self-improvement or starting something new. While the thought of bettering ourselves is intriguing, it tends to bring on a wave of stress and anxiety. Why? It’s not that the want to isn’t there…it’s the how to that gets us. Moreover, the lack of knowledge of resources or tools available to help us keep New Year’s resolutions doesn’t help either.

We can help.

We’re committed to simplifying your banking experience and, by doing so, reducing the stress that comes with dealing with finances and keeping yourself “out of the red.” Your credit union is comprised of people who share similar financial goals and challenges who also want to keep New Year’s resolutions.

Tip the scale in your favor. When making this year’s list of resolutions and goals, keep these 5 tips in mind. You might just see your waistline shrink while your savings expand.

How Your Credit Union Can Help You Keep Your New Year’s Resolutions

Get a grip on finances.

Knowing where your money is going gives you more confidence, and as a result, you can control it better. If keeping better track of where your money is going is part of your new year’s resolutions, use online and mobile banking and e-Statements to keep track of your money. Use MoneyDesktop™ (accessible through online banking) to sort purchases and deposits into categories. You can identify areas you might want to reassign funds for a better purpose – like saving and paying off high-interest loans (or swapping a few fast-food purchases each month for a basic gym membership).

Get a better, higher-paying job by improving your credit history. read more

5 Ways to Boost Your Credit Score

5 ways to boost your credit score

Credit scores… that three-digit number may not always be top-of-mind, but chances are, you’ve given some thought to boosting your score. Here are 5 tips to get you started.

1. Pay your bills on time. If you find this to be a challenge, consider signing up for automatic payments.

2. Pay more than just the minimum payment on your credit cards. Work on paying down your debt before you acquire any new debt.

3. Pay your credit card bills before they’re due. This way, more of your money will go toward paying for the month’s purchases instead of interest.

4. Find out if you have any outstanding medical bills. These can significantly drag down your credit score.

5. If you feel your debt has become unmanageable, consider a debt management program. Talk with us at MembersFirst about your options.

**Your Turn** Did you recently improve your credit score? Tell us how you did it in the comments!

#membersfirstga #creditwoes #howtoboostyourcreditscore #raiseyourscore

Mutilated Money: Is the end really the end?

emoji questioning if mutilated money can be cashed in

Ever wonder what happens to bills that have been burned, damaged by liquids or ruined by…. other methods?  Most might think it’s the end of the line for these bills, never to grace your account or piggy bank again, but maybe not.

Did you know there’s an actual department waiting to receive your damaged Franklin’s (yes, your Washington’s, too)?  Yep, the cash from Jenny’s jeans you accidentally ran through the washer or the shredded moolah from the wallet you accidentally mowed over last Saturday morning could be returned to you for full value if:

  • Clearly more than 50 percent of a note identifiable as United States currency is present, along with sufficient remnants of any relevant security feature and clearly more than one-half of the original note remains; or, (https://bep.gov/services/currencyredemption.html)
  • Fifty percent or less of a note identifiable as United States currency is present and the method of mutilation and supporting evidence demonstrate to the satisfaction of the Treasury that the missing portions have been totally destroyed.   (https://bep.gov/services/currencyredemption.html)
  • read more