At Allegacy Federal Credit Union, we believe in doing the right thing for your wellbeing. Summer is quickly coming to a close and back to school is just around the corner. This is the perfect time to teach (or remind) your child about the importance of money. Ask your five-year old where money comes from, and the answer you’ll probably … Continue reading →
Dear Allegacy Member, “Doing right” is at the core of everything we do here at Allegacy. It’s what centers us in how we serve you, our member-owners, how we take care of our employees, and how we care for the communities we serve. Doing the right thing for your wellbeing has never been more important than it is today in … Continue reading →
Financial decisions can feel complex and hard even under normal circumstances. If the current market volatility has you questioning what are the “right” actions you should take now, you are not alone. Here are five concrete ways for you to jumpstart your financial wellness in the wake of the novel coronavirus. Don’t touch your face or your 401k Time for … Continue reading →
In addition to the financial toll of identity fraud, victims are left with the difficult task of repairing the damage. While you may never be able to completely prevent your identity from being stolen, there are some proactive steps you can take to help minimize the risk. Here are 6 tips to prevent identity fraud: Enable two-factor authentication Two-factor authentication … Continue reading →
Often, our spending decisions are ruled by feelings. When our willpower is low and suggestive advertising is prevalent, we may fall victim to certain triggers and spending traps. Understanding how and why we overspend is an important first step to greater financial health. Instant happiness Have you ever experienced a “high” from buying something you wanted? There is a certain … Continue reading →
For many, a budget feels like a diet for your wallet, restrictive and difficult to maintain. The good news is, it doesn’t have to be that way. In fact, having a budget puts you in the driver’s seat to make choices that can lead to financial freedom. The game plan The first step is to determine your baseline. That means … Continue reading →
The American Psychology Association estimates that 7 out of 10 American workers suffer from financial stress.1 According to a MetLife study of employee benefit trends, 59 percent of employers strongly agreed that employees are less productive while at work when they are worried about personal financial problems.2 Financial stress can be a burden on our professional lives and have a … Continue reading →
Most people assume that a credit score only matters when it’s time to purchase a house or car. Nothing could be further from the truth. Your credit score impacts all areas of your life from the interest rates and credit limits on your credit cards to whether you’re extended a job offer or an apartment rental. Your spending and payment … Continue reading →
“You can’t manage what you can’t measure.” This adage is certainly true when it comes to your health metrics—such as blood pressure and cholesterol. The same can be said for your key financial indicators. Keeping tabs on the metrics that matter can help you make smarter choices about how you manage your money. Here are 5 metrics that matter and … Continue reading →
With record-low unemployment less than a month ago to record high jobless claims amid the COVID-19 outbreak, businesses are making tough decisions at lightning speed. As these moves are cost-cutting measures, the terminology used can make a big difference down the road for both the employees and the employer. Furlough: A furlough is considered temporary and typically more flexible than … Continue reading →
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