Posts by Francisco Saenz
What is a Credit Report?
Q: I’ve heard that I should be checking my credit report regularly to ensure my ongoing financial wellness. What is a credit report and how do I read mine? A: Your credit report plays a crucial role in measuring your financial health and the outcome of many related opportunities. Whether you’re applying for a loan, a credit card, or even a job, your credit report can significantly influence the outcome. A credit report is an important part of your financial health, so it’s important to understand what you’re looking for when you review it. Here’s everything you need to know about a credit report and how to read one. What is a credit report? A credit report is a detailed record of your credit history compiled by credit bureaus. It includes information about your credit accounts, such as loans, credit cards, and mortgages, as well as your payment history, credit limits, and balances. Credit reports are used by lenders, landlords, employers, and others to evaluate your creditworthiness and financial responsibility. There are three major credit bureaus in the United States: Equifax, Experian, and TransUnion. Each bureau collects and maintains its own version of your credit report, so it’s important to check all three regularly to ensure complete accuracy. What’s in my credit report? Understanding the components of your credit report can help you better manage your credit and identify any errors or fraudulent activities. Here’s what you’ll typically find in a credit report: Why does my credit report matter? Your credit report is more than just a summary of your financial history. It’s a tool that can affect many aspects of your life. Here are some reasons why your credit report matters: How can I access my credit report? Under the Fair Credit Reporting Act (FCRA), you are entitled to a free credit report from each of the three major credit bureaus once every 12 months. You can request your free reports through AnnualCreditReport.com. Here’s how to review your credit report effectively. First, verify that all personal information is correct. Look for any errors in your credit accounts, such as incorrect balances or payment statuses. Next, look for any potentially unauthorized accounts. If you spot any accounts you don’t recognize, it could be a sign of identity theft. Now review the list of inquiries to ensure you recognize all the entities that have accessed your report. Unauthorized hard inquiries can also indicate fraud. Finally, examine all public records and collections on your credit report. If you’ve resolved a debt, make sure it’s reflected correctly. How can I improve my credit report? Maintaining a healthy credit report requires hard work and responsible financial behavior. Here are some tips to improve and maintain your credit report: Your credit report is a vital tool in your financial toolkit, influencing many aspects of your life. Use this guide to learn what a credit report is, how to read one, and how to improve yours for optimal financial wellness.
All You Need to Know About One-Time Password Scams
One-time passwords (OTPs) are a crucial security feature in our digital age by offering an extra layer of protection for online transactions and account logins. Unfortunately, though, scammers often try to hijack these codes to steal sensitive information, money, or both. Here’s what you need to know about one-time password scams and how to avoid them. What is a one-time password scam? One-time password (OTP) scams are designed to trick individuals into sharing their OTPs, which scammers then use to gain unauthorized access to accounts. Here are the various ways these scams go down: Whichever method is deployed in an attempt to steal your OTP, the scammer will then use it to access your accounts and possibly steal your identity Red flags Avoid falling victim to a one-time password scam by watching out for these red flags: Protect yourself Staying safe from OTP scams requires vigilance and adopting best practices for online security. Here are some steps you can take: If you’ve been targeted If you believe you’ve been scammed and/or have shared your OTP, take immediate action. First, change the passwords on all affected accounts and those that have similar login credentials. Next, inform the host organization of the account that it’s been compromised. They can help secure your account and guide you on additional steps to take. Monitor your accounts in the ensuing weeks and months, keeping a close eye on your financial statements and account activity for any unauthorized transactions. Finally, file a report with your local consumer protection agency, the Federal Trade Commission (FTC), and the Internet Crime Complaint Center (IC3). You may also want to consider identity theft protection at this time if sensitive information was compromised. One-time password scams can be difficult to spot and wreak massive damage. Use this guide to learn about one-time password scams and how to prevent yourself from falling victim. Stay safe!
All You Need to Know About Pig-Butchering Scams Category: Scams: Phishing Scams
You may have received a text or chat message in recent months about an attractive-looking investment opportunity. The message may have seemed to be sent mistakenly, but it’s all too real. In fact, it’s likely a pig-butchering scam.
Let’s take a look at these prevalent scams and how you can avoid falling victim. What is a pig-butchering scam? “Pig butchering” refers to the practice of fattening up a hog before slaughter. This scam, which originated in China, has been spreading around the world since COVID. In a pig-butchering scam, a fraudster creates a fake online persona, usually accompanied by an attractive photo and a luxurious lifestyle that is showcased in more photos to flesh out their story. Then they’ll initiate contact with a target on dating or other social media platforms, pretending to have reached out by mistake. Somehow, they’ll transition from there into a chat about the target’s life, family, work and more. To make themselves sound more believable, the scammer will invent details about their own life. They’ll use this to create a real rapport with the target until they’re actual friends, albeit with only a remote connection. Next, the scammer will start dropping hints about a fabulous investment opportunity. They’ll brag about their own success with this investment, sometimes even sharing screenshots of an alleged brokerage account with handsome earnings. They’ll try persuading the victim to invest in this “opportunity” as well, building on their growing relationship, until the victim agrees to join in the supposed opportunity. Once the victim agrees to go along with the investment, the scammer will offer to help them with the investing process. They may explain exactly how to wire money to a crypto wallet and, ultimately, to a bogus brokerage. Sometimes, they’ll recommend that the victim starts with a modest investment, which will soon show a (fabricated) gain. They may even allow the victim to withdraw some funds, which will convince the victim that the investment is genuine. Here’s where things get really ugly. Once the faux trust has been established, and the pig has been good and fattened, the scammer will persuade the victim to invest heavily in this “stock”. The victim, sure it is a legitimate opportunity that will only show gains, is more than happy to do so. They will even sometimes pursue mortgaging their house to get in on this investment. Other victims have liquidated their retirement savings or taken out loans. The scammer will continue to put pressure on the victim, watching gleefully as they pour more and more of their savings into the alleged investment. When the victim has sunk a significant amount of money into the investment, the scammer will suddenly disappear, leaving the victim with a useless “investment” and no way to recover their funds. Red flags Watch out for these red flags that can alert you to a possible pig-butchering scam: Stay safe Don’t get butchered! Follow these tips to stay safe. First, thoroughly research every investment opportunity before dropping any of your funds in it. Next, only use a registered and secure investment platform or app. Stay away from investments that guarantee quick, high returns and press you to act quickly. Be wary of any strangers who’ve contacted you “by mistake” and insist on pursuing the relationship. As with any scenario, never share your sensitive information with an unverified contact. If you believe you’ve been targeted by a pig-butchering scam, alert the FTC and your local law enforcement agencies. Do not engage with the scammer and be sure to block their number and/or email address from your devices. Finally, let your friends know the scam is happening in your circle. Stay safe!
Don’t Get Caught in an Investment Scam!
Investment is rarely without risk. Nearly every investment option carries with it the possibility of loss. What many don’t realize though, is that in addition to the typical risks, investing also carries the danger of falling prey to an investment scam. Investment scams can include promises of high return for minimal investments that never materialize, scammers posing as financial planners and offering useless – even harmful – advice for a hefty fee, and illegal securities offered as IRA investments. However, the most common investment scam is the Ponzi scheme. Let’s take a closer look at this scam and how you can avoid falling victim. What is a Ponzi scheme? Named for the original pyramid scammer Charles Ponzi, a Ponzi scheme is simply a sophisticated way that scammers rob from Peter to pay Paul. The orchestrator of the scheme will promise high returns to investors, often through a fictitious investment opportunity or business venture. Instead of using investments to generate profit, though, the scammer uses these funds to pay returns to their earlier investors. This creates the illusion of a profitable enterprise. The scheme grows, with more investors joining, and the scammers at the top of the pyramid making the most money. Eventually, the entire house of cards comes toppling down, with investors losing significant amounts of money. How to spot a Ponzi scheme Look out for these key characteristics of a Ponzi scheme to ensure you don’t get caught: Protect yourself from Ponzi schemes Ponzi schemes are fairly common, but with a little bit of knowledge and awareness, you can protect yourself from falling victim. Here’s how to protect yourself from Ponzi schemes: If you’ve been targeted If you believe you’ve been targeted by a Ponzi scheme or investment fraud, report it to the appropriate authorities as soon as possible so they can do their part in apprehending the criminals. You can alert the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Federal Trade Commission (FTC) as well as your local law enforcement agencies. Ponzi schemes and other investment scams prey on the universal desire for easy money, but the only beneficiaries from these ruses are the scammers at the top of the pyramid. Stay alert, and stay safe!
Don’t Get Caught in an Emergency Scam!
It’s your grandson on the line and he’s in deep trouble! He’s telling you he’s been kidnapped for ransom, or perhaps he’s in trouble with the police and needs money for bail. Whatever the “emergency,” he’s asking you to wire money ASAP! You may already be calculating how much you can send, but pause for a moment, because you’re likely being scammed. Here’s what you need to know about emergency scams and how to protect yourself. How the scams play out In an emergency scam, a target receives a phone call, email or text message allegedly from a close relative. The caller claims to have been caught in hot water, which can be anything from a kidnapping, an issue with the police, a car accident or even getting stuck overseas with no money. Sometimes, the call will include another party, such as the “kidnappers” or “police officers” who are supposedly involved in the emergency. The caller will then ask the target to send over money as soon as possible using a wire transfer or prepaid debit card. They’ll also demand that this information not be shared with any other family members. They’ll claim to be embarrassed that they’ve gotten into this situation and ask that you honor their request to keep it quiet. While emergency scams are commonly played out with a grandparent of an alleged caller, they can also target parents, uncles, aunts, and siblings of the “caller”. They may even call posing as a friend or old neighbor of the target in an attempt to lure them into the scam. Unfortunately, if the target follows the directions of the caller and sends over money, these funds will go directly into the pockets of a scammer. How emergency scams lure victims If you’re reading the description of an emergency scam and thinking that no one could possibly fall for one of these ruses, think again. Scammers use several convincing methods to convince their targets that they are actually the callers they claim to be. First, the scammer will troll the target’s social media pages to learn their name, home address, job details, date of birth, and any other details about their life. Sometimes, they’ll hack the target’s email account to get this information. Next, scammers may pretend to be an “authority figure” who allegedly authenticates the caller’s story. They may pose as a lawyer, police officer, or even a doctor. Victims are often pulled into the scam when they hear an alleged authority figure on the call with their relative. Finally, some scammers go the extra mile by using AI to clone the “caller’s” voice. They simply scrape an audio clip they find on the internet and then use a voice-cloning program to make the emergency sound legitimate, even though it never happened. Red flags Here are some signs that can alert you to the possibility of an emergency scam: Protect yourself Follow these tips to keep yourself safe from emergency scams: Emergency scams play on the target’s emotions and assume they will act quickly to save their relative from a hairy situation. Stay calm and alert, and use the information here to avoid getting caught in an emergency scam.
All You Need to Know About Spoofing Scams
Scammers have been at their game since time immemorial, but modern technology has weaponized them in new and dangerous ways. In particular, spoofing has become more sophisticated and difficult to spot. Let’s take a look at spoofing, how it works, and red flags that can alert you to a possible spoofing scam What is spoofing? Spoofing is the criminal act of disguising a communication from an unknown source to appear as if it’s being sent from a trusted and known contact. The ultimate goal of spoofing is to get the target to share their sensitive information and/or their money with the scammer. For example, a spoofer may pretend to represent a victim’s credit card company and lead them into sharing their account details. Types of spoofing Cybercriminals have a variety of ways to pull off their spoofing. Here are the more common forms: In email spoofing, an attacker sends an email message appearing to be from a known or trusted source. The emails typically include links to harmful websites or attachments that will infect the victim’s device with malware. Alternatively, the scammer may use social engineering to persuade the recipient to share sensitive information. In IP spoofing, an attacker tries to gain access to a system by sending messages via a bogus or spoofed IP address, which appears to be from a recognized, trusted source, such as one on the same internal computer network. The spoofed IP address will mask the true source, which is a third party that is out to infect the victim’s device with malware and steal their information. Here, attackers make a phone call to a target that appears to be from a known caller. The scammer will often pose as the victim’s bank or credit union. The victim, believing they are speaking with a representative of their financial institution, will disclose their account information and even passwords, which can lead to the scammer emptying their accounts and/or stealing their identity. Sometimes, the scammer will provide the victim with a phone number to call, which will allegedly connect them with their bank or credit union. This number, of course, will only connect the victim to a scammer. 4. Facial spoofing In this most recent form of spoofing, a scammer uses a photo or video of a target’s face to simulate their facial biometrics. This enables them to unlock accounts that can only be opened via facial recognition. 5. Website spoofing In website spoofing, a scammer will create a bogus site that looks just like a reputable website that the victim often visits. Attackers will lure victims to this site for the purpose of stealing their login credentials and personal information. In this scam, also known as smishing, a victim will receive a text message on their personal device appearing to have been sent via a trusted source, such as the victim’s financial institution, place of work, or doctor’s office. The text will ask the victim to share personal information. They’ll often do so, mistakenly believing the sender of the text message to be who they claim to be. There are three players involved in MitM attacks: the victim, the party the victim is attempting to communicate with, and the “man in the middle”, otherwise known as the scammer who is intercepting the communications. In these spoofs, the scammer tries to eavesdrop on the interaction between the victim and the other party. Alternatively, they may try to impersonate the other party to get at the victim’s personal information. Deepfakes and spoofing Deepfakes is a relatively new and dangerous tool for spoofers. A deepfake is a fake image, video, or audio clip that has been edited to appear authentic. For example, a scammer may create a deepfake video using an image and audio recording of a celebrity and make it appear as if they are telling you to open a link or support a specific cause. Scammers use deepfakes to trap victims and appear as if they represent a trusted source. Protect yourself Spoofing is a formidable danger for consumers across the economic spectrum, but with the right tools and knowledge, you can avoid falling victim to these scams. Here’s how to protect yourself from a spoofing attack: Red flags Look out for these red flags that can alert you to a possible spoofing attack: If you’ve been targeted If you believe you’ve shared sensitive information with a scammer through a spoofing attack, there are steps you can take to mitigate the damage. First, contact your financial institution to let them know about the attack. You may place a credit alert or a credit freeze on your accounts, making it difficult or impossible for a scammer to open a line of credit or take out a loan in your name. If you believe your identity has been stolen, check out identitytheft.gov to learn what your next step should be. Finally, change the passwords on all your accounts to protect them from further attacks. Spoofing has gotten a lot more dangerous in recent years, but with proper awareness and basic protective measures, you can avoid getting scammed. Use the tips outlined here to stay safe.
6 Ways to Tell if a Website is Safe
In today’s digital age, where we rely on the internet for everything from furniture shopping to staying informed and entertained, safeguarding ourselves online is essential. The online landscape is filled with fraudsters using advanced techniques to exploit vulnerabilities. Accidentally stumbling upon an unsafe website can expose you to malware, including spyware that steals sensitive financial data and ransomware that locks your device and demands payment for its release. These threats can lead to devastating consequences such as drained bank accounts, fraudulent loans taken out in your name, and even identity theft. It’s crucial to stay vigilant and take proactive measures to protect yourself from online scams and threats. Fortunately, with the right steps and protective measures, you can easily avoid unsafe websites. Here are six ways to tell if a website is safe and secure. Secure websites like ours will have an SSL, or a Secure Sockets Layer. An SSL is a digital certificate that verifies a website is authentic and will automatically encrypt all personal information and financial data. There are two primary indicators of an SSL, both of which are easily visible in the site’s URL that’s displayed in your web browser: It’s important to note that most browsers will hide the beginning of the URL, which generally includes these two indicators of an SSL. However, you can easily read the entire URL by copying and pasting it to another tab, a Microsoft Word document or a Google Drive doc. Some browsers will also reveal this info if you hover over the left-hand side of the URL. In addition, clicking on the padlock icon will reveal more information about the site’s security. Next, look at the URL carefully. Are there any misspelled words? Does the URL mimic a well-known site or retailer? Scammers will often lure victims by creating bogus sites that look like they represent well-known companies. However, careful scrutiny of the URL will reveal basic spelling errors that give the scam away. You may also find that the site, which allegedly represents a famous company, belongs to a public domain, such as Gmail or Yahoo, as opposed to a private business domain, like Amazon.com. This, too, will tell you that you’re likely looking at a scam. Legitimate companies are eager to have you connect with them for any reason. They’ll generally display their contact information on their home page or provide a link through which to easily access it. Scammers, on the other hand, try to keep themselves as invisible as possible. You likely won’t find any tabs that say “Contact Us” or “About Us” on their website. You may find their email address on their site, but a phone number and street address will be glaringly absent or clearly made up. Authentic companies will take the necessary steps to make a professional impression on visitors to their website. Scammers, on the other hand, will not. Use their carelessness to your advantage by looking out for spelling mistakes and typos throughout the site. You can also be on the lookout for cheap design elements, including images that are clearly not original and logos that are poorly created. Each of these clues can signify a scammy website. If you enter a site’s URL into your computer and a warning pops up to alert you that the site you’re attempting to access is not safe, do not ignore it. You can choose to advance to this site, or back out. Unless you’re absolutely sure the site is secure despite the warning, it’s best not to choose to advance to the site. Websites that are flagged by devices generally do not pass the most basic security tests as detailed above. Scammy websites will try to trick you into downloading malware through pop-ups and embedded links. Sometimes, the links will be used to generate ad revenue through clicks. Whatever the intent, it’s important to know that reputable sites will not flood your screen with pop-ups and random links for you to click. If you encounter a site like this, you’re likely looking at a scam and should exit as soon as possible. Then, close your browser and have your security system run a scan on your device to find any possible vulnerabilities or safety breaches. Don’t get stuck on an unsafe site! Use the tips here to stay safe.
8 Financially Responsible Ways to Use Your Tax Refund
It’s tax refund season! How are you going to be spending the pile of cash from Uncle Sam?
Of course, you can use some of your tax refund to indulge responsibly. If you’ve been wanting to buy yourself a new something special for a while or to spend on an experience you generally cannot afford, by all means, you can allow yourself to use some of your tax refund for your chosen treat. Indulging occasionally and mindfully can prevent feelings of deprivation and can help you manage your money better
However, before you go out and blow your entire refund on a sinfully expensive weekend, take a step back and try to determine the most financially responsible approach you can take with this money. Instead of spending all the funds on short-term indulgences, consider using some of them to improve your overall financial wellness. To help you get started, we’ve compiled this list of eight financially responsible ways to use your tax refund this year.
Build or boost your emergency fund
Having a well-endowed emergency fund is a crucial component to your financial health and stability. If you don’t have a fund with three to six months’ worth of living expenses set aside to cover unexpected events, work on setting one up now. Use some of your tax refund to start building your emergency fund or boost an existing one.
Pay down high-interest debt
High-interest debt can kill the best of budgets. If you’re carrying outstanding debt with high-interest charges, consider using some of your tax refund to start paying it down. Decreasing your debt amount means more of your monthly payments will go toward your principal instead of interest. Additionally, knocking off a big chunk of your debt can potentially help you move to a lower interest rate.
Invest in your education
If you’ve been looking for a way to advance your career and increase your earning potential, this may be your chance. Consider furthering your professional education by allocating some of your tax refund to career workshops, conferences, or additional certifications. Enhancing your qualifications and learning new skills can be the key to significant raises or a promotion at work, which will pay off for years to come.
Feed your savings
It’s always an opportune moment to enhance your savings, especially during tax refund season! Remember, the SRIFCU Core Savings Account currently offers an attractive 4.25% APY on the first $5,000 deposited. Utilize this advantageous rate to bolster your long-term savings and inch closer to your financial objectives. Did you know? The IRS permits you to divide your refund into three distinct accounts via direct deposit, facilitating this process. Consider allocating a portion of your refund directly into a savings account even before it reaches your hands.
Prepay your mortgage
Making an extra mortgage payment or two can be a fabulous way to free up some money for the long term. Reducing the principal can have an exponential effect on your loan since so much of it goes toward interest over the life of the loan.
Make home improvements
Spending some, or even all, of your tax refund on improvements that increase the value of your home is an investment in your equity. In particular, kitchen facelifts and home expansions tend to offer a larger return on investment when the home is sold.
Another kind of home improvement to consider at this time is an energy enhancement. For example, you can swap out older appliances for newer and more energy-efficient models or even choose to have solar panels installed on your roof. Energy improvements will save you money each and every month.
Start or contribute to a college fund
If you have children or plan to start a family in the future, consider allocating a portion of your tax refund to a college savings fund. A 529 savings plan, which is a tax-advantaged account specifically designed for education expenses, can help alleviate the financial burden of college in the future. Contributions to a 529 plan may be deductible on your state taxes, and earnings are tax-free when used for qualified education expenses.
Invest in your retirement
If you qualify, contemplate directing a portion of your tax refund toward your employer-sponsored 401(k) or an Individual Retirement Account (IRA). These contributions not only offer potential tax advantages but also leverage the power of compounding, enabling your money to multiply over time. Initiating your retirement investments early can significantly enhance your potential accumulation for the golden years ahead. Additionally, keep in mind that SRIFCU IRA CDs offer attractive rates, with APYs reaching as high as 4.75%, further boosting your savings potential.
There are so many things you can do with your tax refund that can benefit your financial health. Use our list for some fabulous ideas or come up with your own financially responsible ways to use your tax refund.
APY= Annual Percentage Rate
8 Valentine’s Day Hacks
Celebrate the significant other in your life without breaking the budget by using these hacks!
1. Dine In
Restaurants sometimes up their prices when the whole world is going out to eat, so you’ll likely be paying extra just because it’s Valentine’s Day. Instead of shelling out big bucks, cook up a gourmet meal at home. Don’t forget to set the ambiance with candlelight and soft music!
2. Explore the great outdoors
It may be cold out, but you can still spend some shared time together outdoors. Bundle up and take a refreshing walk under the stars. Watch the waves crash onto the shore at a beach. If it’s snowy out, let your inner child free and build a snowman together.
3. Laugh it out
Check out the local comedy club together for a rollicking good time that can cost as little as $5 each.
4. Hit the gym
Gym memberships and day passes usually decline in February when many people have abandoned their New Year’s resolutions to get fit. A shared workout can be a great bonding experience that’s good for your health and your wallet, too.
5. Make a memory box
Instead of expensive gifts, take a walk down memory lane together by making a memory box. Cover a small container in decorative material, or spray-paint it in your chosen color. Then throw in mementos you have saved up from your months or years of dating.
Grab a tub of ice cream and enjoy a wonderful evening reliving some of your best shared moments.
6. Get cultured
Give your dating life a refreshing twist by visiting a local museum! Choose a place with displays that appeal to each of your interests. Studying works of art or historical artifacts makes for fabulous conversation.
7. Gift them with a gesture
Everyone has a guilty pleasure they can’t get enough of. Give your partner an all-out indulgence fest this Valentine’s Day for a truly thoughtful gift. If your significant other loves waking up to a huge stack of pancakes, surprise them with their dream breakfast-in-bed. If they have a thing for Snicker bars, fill a huge, funky container with their favorite chocolates.
You can also offer to do a household chore you know your partner loathes, like doing laundry. Decorate a small piece of cardstock and write up a “certificate” that gifts the recipient with four loads of laundry, washed, dried and put away. It won’t cost you anything, and it’s sure to put a smile on your partner’s face!
8. Movie matinee
Instead of paying full price for movie tickets, see your favorite picture at a daytime matinee. You’ll save a bundle on tickets just by going a bit earlier in the day. Theaters are also less crowded during the afternoon, making for a more enjoyable experience all around.
Give Yourself the Gift of Financial Flexibility this Holiday Season with SRI Federal Credit Union’s Skip-a-Pay Program!
Are you looking to make this holiday season truly magical? At SRI Federal Credit Union, we’re here to make your dreams come true! Our exclusive Skip-a-Pay program – the perfect gift for your wallet this holiday season. It’s the season of giving, and we want to give back to our valued members by offering you a little extra financial breathing room. The Gift of Financial Freedom Unwrap the Joy of Financial Relief: Imagine having extra funds during the holidays to cover gift shopping, festive feasts, or even that winter getaway you’ve been dreaming of! With our Skip-a-Pay program, you can skip a payment on your eligible loan this season without any upfront cost. How It Works: When you choose to skip a payment, you’ll enjoy a month of financial freedom while still celebrating the holidays in style. The best part? Skipping a payment won’t cost you a dime. There’s no need to worry about additional fees or hidden charges. Benefits of Skip-a-Pay: Help Your Cash Flow: Keep extra money in your pocket this holiday season. Easy Eligibility: Just meet a few simple criteria to qualify. Stress-Free Process: No complicated paperwork or hoops to jump through. 🎁 Eligibility Requirements: 🎁 To be eligible for SRI Federal Credit Union’s Skip-a-Pay program, all you need to do is meet the following simple criteria: No Recent Skip-a-Pay: You must not have used the Skip-a-Pay option in the last six months. Current Loan: Your loan must be up-to-date and in good standing with us. Member in Good Standing: Maintain a positive relationship with your credit union. Experience the Holidays with Peace of Mind At SRI Federal Credit Union, we understand that the holidays can be a stressful time for your finances. Our Skip-a-Pay program is designed to bring you the joy of the season while ensuring your cash flow remains healthy. While interest may continue to accrue, you can breathe easy knowing you have more flexibility during this special time of year. The Gift That Keeps on Giving: Secure your financial peace of mind this holiday season. Skip-a-Pay allows you to cherish the moment without worrying about a tight budget. Click HERE to Apply Today! Don’t let financial stress steal the joy of the holidays. Take advantage of SRI Federal Credit Union’s Skip-a-Pay program to put a smile on your face and a little extra jingle in your pocket. Give yourself the gift of financial flexibility. Contact us today to learn more about our Skip-a-Pay program. Make this holiday season unforgettable with SRI Federal Credit Union. 🎄 Happy Holidays from SRI Federal Credit Union! 🎄