On October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day).
Topics: Hanscom FCU Community
With the cost of college room and board rising through the proverbial roof, some parents consider an alternative to cramped on-campus housing: investing in a condo or house for their child to live in while at school. And it’s no wonder. With room and board running over $1,200 per month, putting that money into a property you own seems like a good idea. Or is it?
The big answer is: It depends.
Topics: Small Business
Mass Save Financing for Residential Customers
I just got off the phone with my uncle. Since the original publishing of this article on December 16, 2011, he has paid off his MassSave Heat Loan and still loves the efficiency he gets from the furnace they recommended at this Home Energy Assessment!
My uncle lives in a circa 1790 farmhouse in Williamstown, MA. It's one of those rustic old American houses that started as little more than a cabin and was added to over the years to become a large, beautiful house. Though beautiful, the house was grossly inefficient regarding heat.
Topics: Mass Save Financing
This article, written by Hansom Federal Credit Union’s MaryJo Kurtz, appeared in baystateparent magazine and is reprinted here with permission.
Credit scores, debit cards, salaries, interest rates, budgets. Ugh. Who wants to talk about this stuff? It turns out, your kids do. In a 2015 Junior Achievement survey, 84 percent of teens said they look to their parents for money management advice. These are the facts of life that your teens want you to discuss, and this is your opportunity to help them build a strong financial foundation.
Topics: Teens and Money
A recent J.D. Power study found that consumers are not choosing credit cards that are best aligned with their spending habits. While this is a study to help credit card companies figure out how to get their customers to spend more on their cards, it got me thinking: how do we determine the best credit card for our spending habits? There is no one-size-fits-all credit card. Choosing the right card for you requires some thought about how you use it.
Topics: Credit Matters
Last Friday, I had just got home when my wife texted to let me know she just finished shopping at Target and wouldn’t be home for dinner. Not being much of a cook, I logged on to my mobile app to see what she spent and whether or not I could take my kids out for a quick meal.
Topics: Cyber Security
Beating incredible odds, you’re holding a winning lottery ticket in your sweaty-hands. Your heart is racing. You’ve checked the numbers more times than you can count. What should you do? Breathe.
We honored Staff Sergeant Sarah McDermott at a recent Lowell Spinners game through our Heroes Among Us program. She and her guests were good sports, posing for pictures and thoroughly enjoying the evening, including batting practice, a ceremonial first pitch, and barbecue at the Gator Pit.
Topics: Hanscom FCU Community
Most American workers experience financial stress. That’s according to the annual Financial Stress Research a study from Financial Finesse. In fact, 85% of people reported at least some level of financial stress.
Topics: Financial Stress
There’s a reason why hearses don’t carry luggage racks.
When we die – and we all will, painful as that thought might be – everything that we worked for in our life stays behind.
What remains, in many cases, is emotional and legal entanglement. A visit to a lawyer now can save a lot of future uncertainty, if not outright heartbreak, for loved ones already reeling from your loss.
Having a will ensures that your wishes are honored and that your assets are handled the way you want. But to do that, questions must be asked.