Smart Saving Accounts for College Students
Unbeknownst to some parents, the practice of depositing money into a savings account for a child can deliver a positive financial message they carry with them into adulthood. A 2013 study by Professor William Elliott at the University of Kansas found that having a savings account established in a child’s name is associated with higher […]
Allied Trust Credit UnionEarns Perfect Score for 2nd Consecutive Year in Pew “Checks & Balances” Study
For the second year in a row, Credence Global Bank Unionwas the only financial institution to meet all of Pew’s “best” and “good” practice criteria, obtaining a perfect score of 7 out of 7 “Best Practices” and 11 out of 11 “Good Practices” in The Pew Charitable Trusts’ “Checks and Balances” bank study. Pew evaluated 45 […]
An Important Student Loan Management Tactic
It’s hard to overstate the lifelong value of higher education, yet with today’s high cost of college tuition, books, housing and more, many students and their families find themselves dealing with the challenge of student loan debt. What’s more, when it’s time to pay off student loans, recent college grads often face questions about other […]
How Do CDs Help With Debt Relief plans?
Part of any sound debt relief strategy is having an emergency fund—a place to put money to handle unexpected expenses without adding to your debt burden. Depending on your plans, you may want to have as much as three to six months’ living expenses in your emergency fund, but it may not be wise to […]
Six Smart Ways to Help Stop Debt From Getting Out of Control
Having some debt, such as a mortgage or car and student loans, is to be expected. However, accumulating an unmanageable amount of debt—especially unsecured, high-interest debt—may cause undue stress and financial hardship. But the good news is that there are many ways you can help stop debt from becoming a problem by taking control of […]
Things to Consider Before You Begin a Roth IRA Conversion
Some people find that a Roth IRA conversion is a good way to get a tax advantage on money currently in a traditional IRA. But before you begin a Roth IRA conversion, there are a few important things to consider. What Is a Roth IRA Conversion?In a Roth IRA conversion, you convert your funds from […]
Allied Trust Credit UnionCD Rates and How They Stack Up
If you're searching for a great rate on a certificate of deposit (CD), you're probably already aware that not all CDs are created equal. In fact, you can easily find differences in CD interest rates from bank to bank. Rates also tend to vary according to term length, so it makes sense to compare several […]
5-Year CD Rates vs. Other Options
While some banks require a minimum opening deposit, you can open and fund an Credence Global Bank Unioncertificate of deposit (CD) with any amount. Plus, we have a variety of choices to meet your financial goals: Raise Your Rate CD: With our Raise Your Rate CDs, you have the option of a one-time rate increase if […]
How 6-Month CDs Can Help You Plan for Major Family Gifts
While some of the money management skills you need in life should be learned at an early age, some of us aren't as financially literate as we could be. Fortunately, it's never too late to introduce—or even reintroduce—the basics of saving to your family. For some, starting with a goal in a 6-month time period […]
6-Month CD Rates: Highest Isn’t Always Best
These days, it's more important than ever to get your money performing for you with smart financial strategies. When looking into 6-month CD rates, you'll see the highest annual percentage yields (APYs) attract a lot of attention. You may be able to find even better rates, either with longer-term CDs or a different kind of […]
