Q: When my credit union advisor recommended that I switch to online banking, I was excited to join the modern era. Now that I’m managing my finances online, do I still need to keep a check register?
A: Absolutely! It is always important to keep your check register up-to-date, regardless if you’re banking online, by phone or with an “old-fashioned” teller.
Q: Why can’t I just track my account balance with the click of a mouse?
A: While online banking is extremely convenient, it may not show the true balance in your account, such as the uncleared checks you’ve written.
Q: Balancing my check register is very time consuming. Isn’t the digital age supposed to save us time and effort?
A: It sure is, but you still need to be aware of any miscalculations with your transactions. Enter your checks or debit card purchases into your register and reconcile your account once a month to look for any discrepancies. Tracking down mistakes right away is much easier than waiting for disaster to strike.
Q: Do I really need to track every penny in my bank account?
A: Counting small cents can help you see the bigger picture. Using a register and checking your records against the credit union’s will give you a fuller understanding of your financial status. If you’re happy with your financial status, that’s great! If not, you’ll know that you need to take steps to change it.
About Unity One Credit Union
Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals.
Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has nine branches to serve over 28,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™