We’re excited to celebrate and share ICU Day with all our Liberty Savings members, friends and families. The Authentic Difference theme this year really rallies around the nine principles that put people first, and create the credit union difference we strive to promote in all we do. Share your credit union love today with #CUDifference … Continue reading “Happy International Credit Union Day!”
Author: Lady Liberty
In just one week, credit unions around the world celebrate International Credit Union Day (ICU Day). It’s a great day to remember the benefits of credit unions like Liberty Savings. First, all credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions, but with a people-first philosophy. Since 1948 credit unions have celebrated … Continue reading “Celebrate The Authentic Difference during International Credit Union Day”
For more than 160 years, credit unions have put people before profit. Credit unions all over the globe are prepping to celebrate International Credit Union Day on the third Thursday in October. At Liberty Savings, we’re proud of our local credit union roots, as well as the international history that supports us. This is a great … Continue reading “A Brief Credit Union History”
If you’re looking to use up flexible spending account (FSA) funds, now is a good time to make some doctor’s appointments and stock up on eligible items. An FSA is an employer-sponsored plan that sets aside pretax dollars from your paycheck into a special savings account. FSA contributions are deducted in equal increments throughout the … Continue reading “Use Your Flexible Spending Money Now. Or Risk Losing It.”
The median 401(k) balance for people nearing retirement is $248,000, enough to provide a mere $10,000 annually in retirement, according to CNN Money. Try living on that, even if you add Social Security. Need to do better? Resolve to use your 401(k) benefit for all it’s worth. You’ll typically find 401(k) investments in these asset … Continue reading “Get Your 401(k) On Track”
The impending disappearance of two popular Social Security filing strategies in May 2016–“file and suspend” and “restricted application”–could force big changes to the retirement plans of potentially millions of retirement-age married couples and divorcees. If you’re currently receiving Social Security benefits, you likely will not be affected by the prospective changes to rules. However, when … Continue reading “4 Strategies for Navigating New Social Security Rules”
If your kids are reaching the age where they’re ready to open a savings account, they may be aware that the word “bank” has some negative associations associated with it. The repercussions of the financial recession are still reverberating through the culture, and the reputation of big banks have not fully recovered. So if your … Continue reading “Hey, Mom and Dad? What’s a Credit Union?”
It’s back to school time again! For many that means kids off on busses and to carpools, but for others that means tuition stress, or possibly holding off further education until they feel they can afford it. The good news is, you don’t have to pay an arm and a leg to go back to … Continue reading “7 Ways You Can Afford to Go Back to School”
According to the research firm J.D. Power and Associates, the average age of new car owners fell in 2015 from 49 to 48, spurred in part by a growing number of Gen Y buyers. The generation of young adults often thought of by analysts as Uber-obsessed and debt-averse, now comprise 28% of sales–up from 17% … Continue reading “Digital Skills to Find the Best Car Deals”
Consumers can still find a healthy price advantage on fees associated with account overdrafts at credit unions compared to banks, according to Mike Schenk, the Credit Union National Association’s vice president of economics and statistics. “Based on Informa Research Services daily rate comparison of thousands of banks and credit unions nationwide, credit unions on average … Continue reading “Credit Union Vs. Bank Fee Advantages Continues”