MoneyWisdom Blog

Checking Your Credit: Be Sure You Have the Right Score

Posted by Patti Conty on Jan 12, 2017 3:25:57 PM

Have you ever requested your credit score from a credit bureau? You need to read this.

Earlier this month, the Consumer Financial Protection Bureau ordered Equifax and TransUnion to pay millions in fines and penalties. Both national credit bureaus misstated the usefulness and value of the credit scores they sold to consumers. The credit bureaus gave customers a score meant for educational purposes, while implying it was the score actually reviewed by lenders.

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Topics: Credit Score

How a Credit Score Review Saves You Money (and headaches)

Posted by Bill Burpeau on Jan 4, 2017 3:03:00 PM

 

The term “Credit Score Review” is thrown around a lot these days. Companies from Discover Card to CreditKarma will tell you your credit score. They will even tell you about the 5 factors that make up your score:

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Topics: Credit Matters

These 3 Mobile Banking Tools Simplified My Life

Posted by Bill Burpeau on Jan 3, 2017 2:22:10 PM

I love modern technology – especially in the world of financial services. It has given local banks and credit unions the ability to provide the same service as the big banks and yet still maintain that local flavor and outstanding member service.

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Topics: Money Management

A 20 Year Tradition Continues with our 2016 Loyalty Dividend

Posted by Patti Conty on Dec 23, 2016 2:53:58 PM

In the last week of December, I take a break from my usual routine. There’s time for home-cooked breakfasts, afternoon tea, and long visits with family and friends. This quiet intermission before jumping into a busy new year is a gift I give to myself.

Hanscom FCU is giving gifts as well. For the 20th consecutive year, the board of directors has approved a Loyalty Dividend. On December 31, Hanscom FCU will distribute an extraordinary payment of 2% of dividends earned and interest paid on most consumer loans.

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Topics: Hanscom FCU Community

Hanscom FCU Chairman Recaps Successful 2016

Posted by Hanscom Federal Credit Union on Dec 16, 2016 3:14:05 PM

Dear Member Owner, 

I would like to take this opportunity to thank you for your continued membership and loyalty to Hanscom Federal Credit Union. Our success as a financial institution is derived in no small part from you, our Member Owners, who guide our actions and give us focus. 

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Topics: Hanscom FCU Community

5 Growing Trends in Identity Theft

Posted by Hanscom Federal Credit Union on Dec 15, 2016 3:17:47 PM

No one can steal what makes each of us unique. Maybe we collect Star Wars memorabilia, or drink iced coffee all year, or keep our heat turned off until November 1, just because, well, that’s what we do. 

All of these personality traits make us the people we are and no one can take them away. 

But other things we have – our financial records, our Social Security-issued identification, our credit cards – can be taken by identity thieves. 

These criminals steal something even more valuable: Our peace of mind.

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Topics: Identity Theft

Millennials are apped to love a holiday gift card

Posted by MaryJo Kurtz on Dec 12, 2016 7:50:15 AM

 

If you are looking for gift ideas for the millennials on your holiday list, take a peek at the apps on their phones. A recent study by the Mercator Advisory Group shows loyalty rewards and incentive programs on retailer apps are fueling millennial interest in gift cards.

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Topics: gift cards

5 Steps to a New Financial You in 2017

Posted by Hanscom Federal Credit Union on Dec 2, 2016 7:24:00 AM


Holiday shoppers have been careful each holiday season to make their lists and check them twice. Budgets have become more discerning, and savers have become better planners for their holiday spending, prioritizing savings along the way.

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Topics: Money Management

7 Questions to Ask When Borrowing Home Equity

Posted by Hanscom Federal Credit Union on Nov 30, 2016 8:30:00 AM

When reviewing lenders for home equity borrowing, ask questions. Products vary greatly between financial institutions, and understanding the pros and cons of each will help you make the right choice. Ideally, you should interview several lenders to understand the variety of home equity products on the market and what is required of each.

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Topics: Home Equity

5 Things to Know About Home Equity

Posted by Hanscom Federal Credit Union on Nov 28, 2016 7:00:00 AM

If you are looking to tap into the equity of your home, spend some time doing your homework. Understand the pros and cons of loan products on the market and how each might impact you. To get you started, we share some of the most popular questions (with answers!) that we get about home equity.

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Topics: Home Equity

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