Financial Literacy
Protecting Your Finances: How to Prevent Fraud in Your Credit Union Accounts
Hey there, savvy money manager! We’re living in an era where our wallets have gone digital, making it super convenient to handle our finances. But you know what else is on the rise? Yep, you guessed it – sneaky fraudsters and cyber tricksters. They’re eyeing your credit union and bank accounts, access to online banking and more. No worries, though! We’ve got your back with tips to help you keep your hard-earned cash safe and sound.
SRI Federal Credit Union is Safe and Secure
Our leadership is committed to ethical policies and practices that ensure the credit union and its members remain strong. All deposits are insured by the National Credit Union Administration to at least $250,000.
Share Certificates | A high-yield, short-term way to grow savings and secure funds for the future.
After you’ve started to save up some money, you’ll likely consider the many options for generating interest on your savings. Maybe you’re fortunate enough to have your emergency reserve fully funded, and you have extra money that you don’t want locked away in a long-term investment account. Share certificates earn higher yields than even the best savings accounts and are a great option if you are looking for a high-yield, short-term place to grow your money and secure funds for a large future purchase.
What is a share certificate?
A share certificate is an insured savings account that requires a set deposit for a set period of time, commonly referred to as a “term.” Unlike a traditional savings account, you cannot make withdrawals without penalty. Instead, your money is returned to you with interest after the predetermined period of time — as short as a few months and up to five years or more. The funds in these accounts will grow with a dividend rate that is generally higher than those of typical share savings accounts, and even some money market accounts, too. And because the interest rate is fixed, you can anticipate exactly how much money you will make over time.
Device Advice: How to Keep Your Phone Safe from Fraud
Smartphones are the millennial’s answer to the disorganized life. You can buy practically anything with just a few swipes, schedule your appointments and store all your photos and home videos in this one, convenient location. [You can also manage your accounts, check your balance and deposit checks through SRI Federal Credit Union’s mobile banking app and/or website]. Unfortunately, all of that convenience comes at a price: Your mobile devices pose an inherent risk to your security if they fall into the wrong hands. The good news is, there are ways to protect your phone and your information from fraud.
The Post-Holiday Budget Recovery Guide
The holidays are over, and if you’ve gone over budget with your spending, it’s time to deal with the aftermath. Instead of living in a financial deficit, take steps to repair your budget as soon as the last guest leaves.
Here’s how you can get your budget back on track for the new year.
Travel Hacks 1 of 12: 6 Ways to Save on Airfare
If you’re planning a trip overseas, airfare may be your largest vacation expense. Even when flying relatively close to home, the cost of your airline ticket can take a big bite out of your vacation budget. Fortunately, there are loads of ways to save on airfare and leave you with more to spend at your destination. Here, we’ve compiled a list of six ways to save on airfare.
Step 12 of 12 Steps to Financial Wellness-Review and Tweak
Congratulations! You’ve reached the 12th and final step of the 12 steps to financial wellness. In this step, we’ll review each of the previous steps and adjust this part of your financial health as necessary.
Step 1 Of 12 Toward A Debt-Free Life: Take Stock Of Your Debt
You’re determined that this will be the year you finally pay down (or pay off) that debt. Get ready, because every month, our Do It Today plan will have you taking another step on your journey toward living a debt-free life.
Step 11 of 12 Steps to Financial Wellness-Start Investing
[With your retirement funds up and running, you’re ready to give your money its best chance at growth through your choice of investment options.]
Step 10 of 12 Steps to Financial Wellness-Plan for Retirement
[Now that you’ve learned how to indulge responsibly and are mindful of your credit score, it’s time to start planning for retirement. This is true no matter your stage of life.]