MoneyWisdom Blog

Bank Error in Your Favor – Can You Collect $200?

Posted by Patti Conty on May 18, 2016 7:00:00 AM

My daughter is a Monopoly fan. She is positively gleeful when charging her brother $2,000 rent on Boardwalk with a hotel. I look on it as a relatively harmless way to work out sibling rivalry. However, I do object to the Community Chest card advising “Bank Error in Your Favor – Collect $200.” As wonderful as it sounds, unexplained funds that show up in your account are not a windfall.

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Topics: Online Banking

4 Handy Online Calculators for Home Buyers

Posted by Maria Porto on May 16, 2016 7:00:00 AM

I enjoy getting out to our Lunch and Learn seminars because it gives me a chance to share helpful information, and it also allows me to hear what’s on your mind when it comes to personal finance. In today’s blog, I want to offer answers to some of the questions that we get in our popular free seminar on home buying, The Road to Home Ownership. This seminar is offered publicly at different times and locations through the year, so be on the lookout!

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Topics: mortgage

Retirement Withdrawal Rate: What’s a Safe Number?

Posted by Maria Porto on May 13, 2016 1:57:44 PM

When my team and I go to companies and talk to employees about retirement savings, one of the topics we often hear discussed concerns withdrawing money from retirement savings.

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Topics: Retirement and Investing

Stop the Insanity! A Lesson in Responsible Credit Card Usage

Posted by Bill Burpeau on May 13, 2016 6:00:00 AM

At one time in my life I had 12 credit cards. It seems that every store I shopped in offered one and for some reason, I got them. I thought it made me look more grown up or financially savvy. But the truth is, all those cards did for me was get me into debt. It took me a few years, but I got rid of all but two cards and used them very sparingly. I was determined not to get caught up in another cycle of charging, minimum payments, late fees and stress.

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Topics: Credit Matters

6 Common Credit Report Misunderstandings

Posted by Hanscom Federal Credit Union on May 12, 2016 2:39:09 PM

6 Common Credit Report Misunderstandings

If you’re not used to reading them, credit reports can make about as much sense as a restaurant menu printed in a foreign language. At least in a restaurant, you can point to what someone else is having. But if you don’t know how to read your credit file, you could make mistakes that could lead to your financial life being harder than it needs to be.

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Topics: Credit Score

Four steps to help rebuild credit using your credit card.

Posted by Hanscom Federal Credit Union on May 11, 2016 5:00:00 AM

All too often, credit cards are to blame for a bad credit score. Obviously it’s not the card’s fault, but the user who mishandles it. Missed or late payments, years of making only minimum payments and huge bills can cause your credit score to go down considerably.

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Topics: Credit Matters

Hanscom FCU Recognized Nationally for Exposing Sally’s Love Life

Posted by Patti Conty on Apr 29, 2016 11:12:31 AM

Maria Porto with the Diamond Award for "The Sally Video".

Hanscom FCU was honored recently with a Diamond Award from the Credit Union National Association (CUNA) Marketing and Business Development Council.  The award was in recognition of our achievement in the video category – for a video we affectionately refer to as “The Sally Video.”

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Topics: Credit Score

Are You Ready to Refinance?

Posted by Moneywise Newsletter on Apr 21, 2016 1:38:11 PM

For most homeowners, now is a good time to refinance a mortgage. If you're considering this move, take these steps to help ensure your paperwork is handled smoothly:

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Topics: Mortgages and Refinance

9 Reasons to Love Your Hanscom FCU ATM & Check Card

Posted by Moneywise Newsletter on Apr 21, 2016 8:18:59 AM

Your Hanscom FCU ATM & Check Card is now backed by secure chip technology as well as the power of MasterCard®.

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Topics: apple pay, chip card, debit card, check card, ATM

Chairman's Corner: Welcome to the Hanscom FCU Family

Posted by Moneywise Newsletter on Apr 21, 2016 8:18:40 AM

Paul J. Marotta, Chairman

Credit unions have always been known for cooperation and collaboration. It’s often how we solve problems. It is how we build knowledge, and working together is how the credit union movement continues to remain fresh and vibrant.

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Topics: Hanscom FCU Community, Chairman's Corner

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