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Diana Burrell

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The Only Way to Remove Accurate Negative Items on Your Credit Report

Posted by Diana Burrell on Nov 1, 2018 7:58:00 AM

 

A year ago you went 45 days past due on a few of your bills when you lost your job. Luckily, you were able to find a new position quickly and catch up on the amounts you owed. Now you’re ready to apply for a mortgage, but when you check your credit report — yikes! Those negative items stand out like klieg lights, beacons attracting the wrong kind of attention you want from a mortgage lender.

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An Easy Way to Prepare for Open Enrollment 2019

Posted by Diana Burrell on Oct 24, 2018 9:13:00 AM

 Before the year's end, millions of Americans will be asked to make important decisions about their benefits packages, including healthcare benefits. Open Enrollment — also called Open Season and Annual Enrollment — is a period of time, often starting in November and ending in December, where employees can make changes to their healthcare benefits at will. (Open Season this year for federal employees runs from November 1 through December 15; it's one of the shorter seasons on record.) Once Open Enrollment ends, that's it:  you're locked into the benefits you have ... or don't have. The exception to this rule is if you experience a "life event," such as a birth, death, marriage, or a job loss.

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Topics: budget, Bank at Work, Work

What to Do After a Data Breach

Posted by Diana Burrell on Oct 15, 2018 9:20:23 AM

Several years ago, a thick envelope landed in my mailbox. Its return address was that of the hospital where I’d been receiving treatment. Upon opening the envelope, I was horrified that it contained not only my own medical records, but those of twelve other patients, along with our insurance claims. For some unknown reason, the hospital had put my address on the envelope instead of the claims processor’s address.

I promptly called the hospital to report the erroneous mailing and was instructed to destroy the records, which included patient names, addresses, and their own detailed health information. Several months later, I received a letter from the hospital offering me a year’s worth of free credit protection because of their mistake. What did the hospital do beyond that to secure these wayward records? Nothing. They took my word for it that I'd destroyed the mailing. What if those records had gotten into the hands of someone who wasn't diligent and trustworthy?

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Topics: security, Online Banking, Credit Card

How the Prime Rate Increase Affects Your Hanscom FCU Credit Card

Posted by Diana Burrell on Oct 3, 2018 2:51:00 PM

You’ve read the headlines: In the last week, the U.S. prime lending rate was raised from 5.0% to 5.25%. This rate is used by many banks as an index to set their own interest rates for consumer loan products like home equity lines of credit, auto loans, and credit cards. When the prime rate goes up, so do the interest rates on their products.

As a Hanscom Federal Credit Union credit card holder, what does this increase mean for you?

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Topics: Credit Card

Hanscom FCU Named Air Force Credit Union of the Year

Posted by Diana Burrell on Sep 26, 2018 10:47:26 AM

We're happy to announce that Hanscom Federal Credit Union has been named as the Department of the Air Force's Credit Union of the Year for 2017 in the $1 billion and above category. It's an honor that's given every year to an Air Force credit union that offers the highest quality financial products and services, as well as demonstrates membership growth and community support.

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Topics: Hanscom FCU, Military, Credit Unions

Why You Should Avoid Car Title Loans

Posted by Diana Burrell on Sep 19, 2018 9:19:00 AM

When 21-year-old Ryan learned a friend needed some cash to help his mother out, Ryan did what a good friend would do…he lent his friend the money. The problem arose when Ryan’s father, John, found out how his son had gotten the money.

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Topics: Loans, scams, Debt

Welcome Home to Our First 100% Financed Mortgage Home Buyers

Posted by Diana Burrell on Sep 17, 2018 9:08:00 AM

Like many young couples, Bryan and Allysann looked forward to owning their first home together. They quickly discovered, however, the financial requirements for home ownership can be daunting … even a bit discouraging.

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Topics: Home Ownership, mortgage

Hanscom FCU's Financial Education Programs Win Excellence Award

Posted by Diana Burrell on Sep 14, 2018 8:42:22 AM

Earlier this summer Hanscom FCU was presented with the America Saves Designation of Savings Excellence Award in recognition of our member outreach during America Saves Week, February 26 - March 3, 2018. The award was given by the nonprofit Consumer Federation of America, which coordinates the week-long spring campaign.

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Topics: Military, Financial Wellness

How to Protect Your Computer From Malware

Posted by Diana Burrell on Sep 11, 2018 2:40:32 PM

Recently two of our members reported unauthorized charges on their Hanscom Federal Credit Union credit cards. Both members stated their cards had been compromised when they clicked on a pop-up ad that appeared after they’d completed a survey on a third-party web site. The pop-up ads offered a choice of three “free prizes” when the member paid a shipping and handling fee. What neither member realized is they were also signing up for ongoing subscriptions of products, which would be charged to their credit cards each month.

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Topics: scams, Credit Card, security

Sgt. Ryan Jallad is a Hero Among Us

Posted by Diana Burrell on Aug 8, 2018 2:53:10 PM

Hanscom Federal Credit Union has named Sgt. Ryan D. Jallad, U.S. Army, as its third Heroes Among Us honoree in 2018.

Sgt. Jallad was honored at a Lowell Spinners game played against the Vermont Lake Monsters on August 6, where he met some of the players, threw the first pitch of the game, enjoyed delicious summertime food at The Home Plate BBQ, and watched the Spinners win from a prime spot at LeLacheur Park.

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Topics: Hero, Hanscom FCU, Community

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