Financial counseling from a certified professional at Unity One CU

Visit with a Certified Financial Counselor at Unity One CU.

Unity One Credit Union can take care of your banking needs AND advise you in all things MONEY. Talk with a certified financial counselor. Whether you are new to "adulting" or consider yourself a pro, we'll gladly step in where you need us.

Here are some topics we can explore together:

  • Repairing credit
  • Buying a car
  • Home ownership
  • Preparing for college
  • Reducing debt
  • Dealing with identity theft
  • Increasing your cash flow
  • Cutting expenses
  • Surviving repossesions, foreclosures and bankruptcy
  • Setting goals

Meet Certified Financial Counselor Priscilla Garcia:Priscilla-Keller.jpg

Priscilla Garcia began her banking career with Unity One Credit Union in 2004, as a call center representative. She then served as a Member Service Officer (MSO) and eventually earned promotions to Senior Member Service Officer and Assistant Branch Manager. After eight years of being with the company, she was named Branch Manager in 2012.

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 eight branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

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Unity One CU informs: Financial Education Week at the Mexican Consulate's office

Unity One Credit Union has partnered with the Mexican Consulate's office in Dallas to support their Financial Education Week, April 4 - 8, 2016. Join Unity One for our presentation on April 6, from 12 noon - 1 p.m. We will be explaining the differences between credit unions and banks, as well as discussing the benefits of credit union membership. 

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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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One CU Informs: Putting Your 401(k) to Work

Unity One Credit Union has once again partnered with WWK Wealth Advisors to bring a new class to members of the Fort Worth community. 

Join us as we discuss ways to maximize your company-sponsored 401(k). We'll discuss the benefits of this tax-deferred growth vehicle and explain loan, rollover and distribution options. 

Tuesday, September 15
6:30 - 8:00 p.m.

Unity One Credit Union
North Tarrant Branch
4625 North Tarrant Parkway
Fort Worth, TX 76244

Advanced registration is requested.

Register Now!

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Credit union informs: Combining finances for #FirstTimers

shutterstock 151832219 smallMoney can either bring couples together or tear them apart. It has often been cited as the No. 1 reason for divorce. But it doesn't have to be that way.  

Here are a few tips for newlyweds to launch a healthy financial future: 

  • Get a financial snapshot - Talk to each other about your past financial history. Show your partner your pay stubs and financial accounts. Pull each of your credit scores. It's important to know about each person's past so you know what you will be dealing with as a couple. 
  • One, two or three accounts - Deciding whether to combine all of your accounts into one or each maintaining your own personal finances is a big decision. Many financial experts advocate for the three-account system. Each partner maintains their own savings and checking account and they both contribute to a joint third account. There is no right or wrong way to handle this, the important thing is to talk about it and make a decision as a couple. 
  • Create a budget and talk about it regularly - Understanding how your money is spent and talking about it frequently is the first great step to building a financially sound life together. 
  • Have an emergency fund - Whether it's three or six months' worth of daily living expenses, start saving as soon as possible. Make sure the funds are in a liquid account (like a savings account, not a 401(k) account) so you can access them in case of an emergency. 
  • Share your goals - Do you want to buy a house? Retire early? Have a large family? Sharing financial goals and deciding on how to achieve them can bring you together more as a couple.

Remember, communication is the key to a healthy marriage. Talking about your finances early on in your relationship will save you from heartbreaking discussions later. For more financial tips for newlyweds, visit The Real Deal.

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Credit union informs: Introduction to Investing Class


describe the imageStocks? Bonds? Money Market accounts? How do you know which option is right for you? 

It's easy to feel overwhelmed when thinking about the different retirement savings options available. Join us on Tuesday, April 21, at our North Tarrant branch as we discuss ways to save for your dream retirement. We will have representatives from WWK Wealth Advisors on-site to teach you tips and tricks to make the most out of your retirement money. 

This class is perfect for both beginners and seasoned investors. All ages are invited to attend. Light refreshments will be served.

Attendees will be entered to win great door prizes!

Register Now

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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

 

Credit union informs: Youth get wild about saving!

This April, youth can take a walk on the wild side at the credit union. Whether they’ve been to the jungle or not, the call of the wild is enticing to youth of all ages. This year, they can check out the credit union’s financial menagerie without a trip to the banking zoo. 

During the month of April, youth will have the opportunity to go on safari at the credit union as Unity One Credit Union celebrates National Credit Union Youth Month™. This year's theme, “Wild About Saving™,” encourages youth to use resources available at the credit union to help them cut their way through the jungle of financial responsibility. Before long, they’ll be leading their own savings safari. 

So bring your zoologists into Unity One, and get them wild about saving! 

 

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Credit union informs: Building credit for #FirstTimers

Youth with credit cardHow do you get a loan or a credit card? By showing prospective lenders that you're responsible enough to pay your loans and credit cards on time. 

Therein lies the catch-22 of credit. How are you supposed to get approved if you've never had a credit card or loan before?

Here are a few simple steps to begin building credit:

1. Sign up for a loan with a co-signer who already has good credit. A co-signer is simply someone who agrees to be responsible for the loan if you are unable to pay for any reason. Financial institutions are more likely to approve a loan for somebody with no credit history if there is a responsible co-signer. 

2. Get your own starter credit card. Many financial institutions offer secured credit cards. These cards allow you to put money in your account on hold to be used as collateral. So if you want a card with a $500 limit, you would need $500 in your bank account to cover that. Keep in mind while secured cards sound similar to debit cards, they are different. Secured credit cards report to the credit bureaus; debit cards do not. 

3. Only charge what you can afford to pay off. Building good credit means demonstrating the ability to pay back the money you owe. By charging small amounts and paying them back in full and on time, you're proving that you can manage credit responsibly. 

4. Stay well under your credit limit. You’ll be scored favorably if you keep below 30% of your total credit limit.

For more tips on establishing credit, check out our Twitter page. 

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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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

Credit union informs: Filing taxes for #FirstTimers

filing taxesMany college students have grown up hearing their parents and the media complain about the headache of tax season. Now that many of these students are on the brink of adulthood, the time to start thinking about filing is sooner than they think.

Here are a few tips from NerdWallet, that can help #FirstTimers file their taxes:

1. Always file if you have had taxes withheld from your paycheck. The law states that a dependent student who earned an income less than $6,100 in a tax year is not required to file taxes. However, by not filing you are essentially giving the IRS a donation.  

2. You cannot claim tax exemptions if you are a dependent. Knowing your status as a dependent on your parents' tax returns is crucial to filing your taxes properly. Dependents cannot claim any exemptions when filing their own taxes, so check with your parents before filing your taxes. 

3. Take advantage of free tax assistance at your college. Many colleges offer tax assistance for their students. Call your counselor's office to find out if it is available at your school. 

4. Start preparing early. The deadline to file is April 15, but it is important to begin well before that date. Starting early allows you to seek guidance and acquire the required documents. 

5. Don't pay to file taxes. College students are eligible to use the IRS tax filing software at no cost. 

6. Do not overlook deductions for your education. Be sure to look into education tax credits and earned income tax credits. 

Follow Unity One on Twitter @UnityOneCU for more updates to our #FirstTimers series. 

Follow Unity One on Twitter

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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org


Credit union informs: FREE Investment Fundamentals class

Financial Ed - Feb 2015Join Unity One Credit Union and WWK Wealth Advisors at an informative workshop on how to pursue your retirement goals. It's never too soon - or too late - to start!

No matter what your age, this workshop will provide you with insights and techniques that can help you manage your retirement investment plan. 

When: Tuesday, February 17, 2015
            6:30 - 8:00 p.m.

Where: Unity One Credit Union
             6701 Burlington Blvd.
            Fort Worth, TX 76131

Register Now!

*The views and opinions expressed at this event are those of WWK Wealth Advisors and not necessarily of Unity One Credit Union. 

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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

Credit union informs: Paying for college while saving for retirement

shutterstock 70550551 blogIt can be done. All across America, families are meeting a mighty financial challenge – the challenge of paying college costs with retirement potentially on the horizon. How do they do it? They go about it consistently; they also get creative.

First, make sure the priorities are in the right order. Strange as it may sound, your retirement may need to take precedence over your child’s college education.

Think about it. Your son or daughter might qualify for student loans or financial aid. By the time they are 30 or 35, they will have the earnings potential to pay those loans back. Do you see any ads out there for “retirement loans” or “retirement aid”? For most, it is much harder to earn money at age 65 than at age 35. Because of this, many choose to allow the younger generation to assume the debt.

The following are some short-term and long-term ideas you may want to consider if you have college costs on your mind:

Save for college the DCA way. While dollar-cost averaging is a useful way to build retirement savings, its merit often goes unrecognized when it comes to saving for higher education. If you could put $40 a month even in a basic savings account with a tiny interest rate, over 10 years that is approaching $5,000. That’s nothing to sneeze at, and will certainly help out. Move the money from a checking account each month into a savings account, or …

Consider a tax-advantaged college savings plan. Contribute to a 529 plan, which features tax-advantaged growth and tax-free withdrawals when the withdrawn funds are used to pay qualified education costs. Not all 529 plans are the same – in fact, some of them will even provide a small cash “match” or “sign-up” bonus when you start your plan. Some 529 plans are even “prepaid” – that means you may be able to secure future tuition rates at current prices, usually at in-state public colleges. Another advantage of the prepaid plans – they are often guaranteed by the state.

Exploit your credit card. No, don’t pay for college with it … well, at least not directly. Some credit cards give you a cash-back rewards option. You may as well put the rewards toward college. Some of the major banks let you do this and so do online shopping websites such as Upromise.

Keep your income as low as possible in the base income year. That is the calendar year that starts as your child is in the middle of his or her junior year in high school. That is the year when college financial aid departments start to look at a family’s earned and received income. If you can avoid taking capital gains or a distribution from a 401(k) or 403(b) in that year, that will keep your taxable income low. Will Roth IRA conversions raise eyebrows? Yes, they will.

However, don’t stop contributing to your own retirement savings accounts, and feel free to pay off consumer debts with the money from your savings and checking accounts – the assets in these accounts aren’t used in financial aid formulas.

Let the college know if your financial situation has changed. Has the value of your home fallen? Is your business netting you far less than it once did? Financial aid departments should be willing to review these developments and may be able to adjust aid for your student accordingly.

Make it a family affair. In some cultures, it is common for all members of a family to pitch in on the down payment or mortgage payments for a home. Consider this strategy as your family saves for college. Close friends and family members may be willing (or even excited) to make ongoing contributions to a college savings plan for your child, and/or an annual “birthday” contribution. They may find giving such a gift to be much more meaningful and fulfilling than a mere toy or item of clothing.

In short, hunting for every scholarship or alumni connection you can and finding a great school at a reasonable price – that’s important. But it may be just as useful (if not more) to be both creative and consistent as you save for college. While it has always been a challenge, by putting some thought into it, most families and students can find ways to respond.

Bill Fairley

Sean Weaver

This article was presented by Bill Fairley and Sean P. Weaver of WWK Wealth Advisors. Bill Fairley & Sean P. Weaver, CFP® are Investment Advisors with WWK Wealth Advisors, a Registered Investment Advisor and may be reached at 817-336-6300 or www.wwkllc.com

Register Now!

*The views and opinions expressed at this event are those of WWK Wealth Advisors and not necessarily of Unity One Credit Union. 

 

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 seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

 

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