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Hanscom Federal Credit Union

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The 3 Things You Must Do with Your Student Loans

Posted by Hanscom Federal Credit Union on Jan 16, 2019 5:21:00 AM

The job market looks good for new college graduates. Last year's college graduates entered the strongest job market in over a decade and good news for 2019 graduates -- employers plan to hire 16.6 percent more new graduates than they did last year. And if you chose a hot field of study, you may have several offers to choose from after graduation. That’s great, because before you know it, you'll be repaying the loans that helped you get your degree.

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Topics: College, Debt

5 Easy Ways to Cut Monthly Expenses

Posted by Hanscom Federal Credit Union on Jan 8, 2019 6:00:00 AM

Ever notice how your monthly expenses always seem to equal whatever salary you’re making, even after you get raises? The phenomenon is called “lifestyle creep” and it can keep you from reaching all kinds of financial goals, from paying down debt, to saving for retirement. One way to get lifestyle creep under control is to have any future raises you get direct deposited into savings – like a 401(k) account through your employer, or an Individual Retirement Account (IRA). But here are five things you can do right now to cut your monthly expenses.

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Topics: Money Management, budget, Savings

6 Benefits to Using a Password Manager

Posted by Hanscom Federal Credit Union on Jan 6, 2019 8:13:00 AM

While it might not seem like there is much the average person can do to stop ID theft from happening, there are steps individuals can take to minimize personal risk. One of the most practical ones? Ditch the jot-it-down-on-a-notepad method of password tracking in favor of a secure software application that generates and stores passwords on your behalf. In other words, get yourself a password manager, stat.

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Topics: security, scams

4 Ways to Manage Medical Debt

Posted by Hanscom Federal Credit Union on Jan 5, 2019 7:12:00 AM

Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.

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Topics: Debt, Money Management, Financial Wellness

A Three-step Plan to Keep Your New Year’s Resolutions

Posted by Hanscom Federal Credit Union on Jan 2, 2019 7:26:00 AM

At the start of a new year, many of us take the opportunity to reflect on the past 365 days and consider what we might change going forward. 

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Topics: Holidays

This free Fritter Finder can help you save money

Posted by Hanscom Federal Credit Union on Dec 26, 2018 2:50:00 PM

Fritters? Yes, please! Frittering? No, thanks! It's time to stop frittering your money!

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Topics: budget, Savings

The 4 Sections of Your Credit Report

Posted by Hanscom Federal Credit Union on Dec 26, 2018 4:42:00 AM

750.670. 620. 575. You may not think about them every day, but the three digits that make up your credit score along with your credit report influence your life in many ways. They affect the cost of credit you receive, your ability to rent or buy a home, the insurance rates you pay, and even the jobs you can get. By understanding the reporting and scoring process, you're better equipped to build a stellar credit profile.

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Topics: Credit Score, Credit Card

Hanscom FCU Pays 2% Loyalty Dividend to Members

Posted by Hanscom Federal Credit Union on Dec 21, 2018 10:30:30 AM

Hanscom Federal Credit Union has announced a membership payout for 2018. The special payment, known as a Loyalty Dividend, will return 2% of most consumer loan finance charges as well as 2% of dividends earned on savings to members.

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Topics: Hanscom FCU, Credit Unions

Getting Divorced? Don’t Overlook Retirement Benefits

Posted by Hanscom Federal Credit Union on Dec 20, 2018 12:10:00 PM

The issues that couples deal with in a divorce are often emotionally charged. While couples argue about the immediate issues – the house, child support, debts, etc. – they may overlook or underestimate the importance of retirement benefits. It’s important to know your rights to retirement benefits because these benefits are not automatically split in a divorce.

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Topics: Divorce, Retirement

Loan Offered to Federal Employees Affected by Government Shutdown

Posted by Hanscom Federal Credit Union on Dec 20, 2018 9:51:40 AM

Hanscom Federal Credit Union wants its its members who are federal employees to know that if they're affected by a limited government shutdown that could go into effect December 21, they may be eligible for a LifeLine Loan. In addition, Hanscom FCU will waive penalties for premature withdrawals on term share certificates and allow qualified members to skip consumer loan payments with no fee.

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Topics: Government, Money Management, Financial Wellness

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