Unity One CU informs: Shape Up Your Finances 101

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Written by: Michelle M. Haas-Dosher, CCUFC. Originally posted on the CUNA Financial Resource Center.

Improve your financial fitness and manage your wealth. Get your finances in shape by taking these steps:

  • Bulk up your emergency fund. Having a back-up fund may prevent you from having to tap or max out credit cards if your refrigerator dies or your car needs major repairs.
     
  • Improve your credit score. Having a clean credit history is more important than ever. First, obtain your free credit reports from annualcreditreport.com, review them, and dispute any errors. Next, work to improve your score: Pay all bills on time, maintain a healthy mix of credit, use less than 25% of your credit limit, and be sure to pay all fines and tickets—even unpaid library fines or parking tickets may be viewed negatively by potential lenders.
     
  • Stay on top of your accounts. To avoid overdraft fees, account closures, or other unexpected events, regularly monitor your credit card and other account balances.
     
  • Create a spending plan—and stick to it. Bottom line: Expenses should not exceed income.
     
  • Get organized. Consolidate accounts, organize financial documents (paper and digital), and use online banking, which can simplify your finances and reduce the likelihood you’ll miss a payment. Personal finance websites and apps make it easy to track your spending and manage your records, some with services that alert you when bills are due or balances are close to their limit.
     
  • Pay down debt. Attack your high interest credit cards first by paying more than the minimum balance each month. Once you get your debt under control, make it a goal to pay off the balance each month to avoid accumulating interest.
     
  • Use direct deposit. If you still get paper checks, think about switching to automatic deposit. By having all or some of your payroll check directly transferred to your credit union account, you’ll be less tempted to spend what you could be saving.
     
  • Take control of your investments. Regularly review and organize your portfolio, and talk to a financial professional about rebalancing it.

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Unity One CU informs: 3 Financial Tips to Jump Start the New Year

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Written by: Spencer Carver. Originally posted on the CUNA Financial Resource Center.

Did you overspend during the holiday season? Are you feeling the “blue’s” of the new year? Or the “holiday hangover” effect from not only too much egg nog but from spending beyond your means? Don’t worry—most American’s have likely overspent and there is always opportunity to change. The new year can mean a new start and that is the most important step—to start, wherever you are, to change the behaviors so you can create a more financially sound version of YOU. Here are three tips to help you move along your path:

  1. Start automating your savings: Don’t leave this up to will power. With your first pay check of the year, open a secondary savings and start payroll deducting a small amount. Even $5.00 a week can help jumpstart a savings account. It may not seem like much, but over time, you’ll develop confidence that you can save money. Before you realize it, the $5.00 will increase to $10.00 per week, then $20.00 per week. Automating the process will make saving easier.
     
  2. Learn about financial wellness: When was the last time you took a class or read an article that taught you how to manage your finances? Chances are your employer may already offer a financial wellness program for which you may receive credit or points for participating in it. Additional knowledge is never a bad idea. As you learn how to better manage your own finances, your confidence will increase, and your financial habits will improve.
     
  3. Create a budget: Having a budget is THE most important thing you can do. At work, your employer tracks your efforts (input) and your results (output) to help them predict whether you will succeed in your job. A budget is the same thing; it helps you track your input vs. output. Your success is based on your ability to utilize, adapt, and manage your budget. Also, keep in mind that the amount you spend one month may be different than what you spend another month, so it’s important to make changes to the budget regularly.

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Unity One CU Scheduled Maintenance - January 2019

System Maintenance will be conducted on the following days. This may affect online, mobile and telephone banking performance temporarily. 

Tuesday, January 15, 7 p.m. - 12 midnight
Thursday, January 31, 7 p.m. - 12 midnight

In addition to our normal system maintenance, AT&T will be performing system maintenance as well on January 22, from 12 a.m. - 6 a.m. There may be intermittent service disruptions during this time.

 

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Unity One informs: Toys for Tots drive in Texas branches.

Unity One Credit Union's Texas branch locations have partnered with Toys for Tots to collect new, unwrapped toys. Toys for Tots, started by the United States Marine Corps, has distributed over 548 million toys to more than 251 million children.  

If you would like to make a donation, please drop your items off at any of our Texas branch locations. Deadline for drop off is December 19, 2018. 

Toys for Tots

Find a Unity One Branch

All items collected are distributed free of charge to recipients by the United States Marine Corps. 

Unity One CU informs: Looking for an unusual 🎁 this 🎄 season?

Looking for an unusual gift for the person who has everything? Consider opening a CD account for your loved one. This is an ideal gift for children, grandchildren, students - anyone who has a financial future!

Our Savings Certificates offer secure, long-term savings at very competitive rates. With all our options, there is sure to be a certificate that meets your needs!

Santa cash stockingPlus, we offer:

  • Flexible terms*
  • Bump-up your rate option*
  • Add to your balance option*

Open a CD with as little as $500!

Rates up to 2.35% APY*

View Our Rates

*Terms and conditions may apply. Certificate of Deposit rates are dependent on term. APY = Annual Percentage Yield. Rates subject to change without notice. Visitwww.unityone.org/rates for more details.

Unity One CU Scheduled Maintenance - December 2018

System Maintenance will be conducted on the following days. This may affect online, mobile and telephone banking performance temporarily. 

Tuesday, December 18, 7 p.m. - 12 midnight
Monday, December 31, 3 p.m. - 8 p.m.

 

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Unity One informs: Toys for Tots Drive

Unity One Credit Union's Minnesota branch locations have partnered with Toys for Tots to collect new, unwrapped toys. Toys for Tots, started by the United States Marine Corps, has distributed over 548 million toys to more than 251 million children.  

If you would like to make a donation, please drop your items off at our Maplewood branch location. Deadline for drop off is December 12, 2018. 

Toys for Tots

Maplewood Branch
1535 Beam Ave.
Maplewood, MN 55109

Find a Unity One Branch

All items collected are distributed free of charge to recipients by the United States Marine Corps. 

Unity One CU informs: Skip the lap. Get the loan!

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Put a little jingle in your holiday season!

Holiday Loan Rates as low as

7.99% APR*

Loan amounts 
up to $2,500*
bells Terms up to 
12 months*

Get Started!

*APR = Annual Percentage Rate quoted “as low as.” Qualifications apply. Other rates and terms may apply. Minimum loan amount of $500. Payment for $2,500 borrowed at 7.99% APR for 12 months is $217.46.  Not available on existing Unity One loans. Some restrictions may apply. Offer expires 12/31/2018.

Unity One CU Scheduled Maintenance - November 2018

System Maintenance will be conducted on the following days. This may affect online, mobile and telephone banking performance temporarily.

Tuesday, November 20, 7 p.m. - 12 midnight
Friday, November 30, 7 p.m. - 12 midnight

 

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Join us in celebrating International Credit Union Day

October 18, 2018, will mark the 70th anniversary of International Credit Union Day. Credit unions all over the world will be celebrating the history and the success of the “People-not-Profit” philosophy.

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The movement began in the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.

 The need for equitable financial institutions grew and, in 1971, the World Council of Credit Unions, Inc. (WOCCU) was created to help establish and maintain viable credit union movements. It has become the leading voice for advocacy and governance on behalf of the international credit union community.

Today, over 235 million people are served by credit unions in 109 countries and 6 continents.

Stop by any of our branches on Thursday, October 18 for a sweet treat in celebration of International Credit Union Day. 

 

 

 

Source: https://www.cuna.org

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