It’s never too early to start teaching your kids about finances. After all, it is a topic they will use for the rest of their life. Breaking down some the key financial terms will help them have an understanding of a few fundamental concepts. Here are some terms you can teach your child and why […]
Credit Union Financial Terms
America Saves Week – Save Automatically
It’s America Saves Week! We kick off day one of America Saves Week by focusing on the easiest and most effective way to save—AUTOMATICALLY. How to Save Automatically Automatic savings simply means you have a process in place to save at regular intervals, whether that’s monthly, weekly, or daily. If you want to save automatically, […]
A Guide to Understanding Financial Terms
When reading about credit cards, mortgages, or other financial products, you may encounter financial terminology and acronyms that you aren’t familiar with. Please note, these descriptions are a guide only and are not legal definitions. A Adjustable-Rate Mortgage An adjustable-rate mortgage (ARM) is a mortgage that offers the borrower a fixed interest rate for […]
