Mar 182019

The Importance of Creating a Will or Living Trust

Posted on March 18, 2019 Uncategorized

  “Life is short.” That’s something adults often hear, because the older you get, the faster time passes by. We don’t like to think about our own mortality, because it reminds us that everything eventually comes to an end. And even though it may seem almost morbid for some, planning for our eventual death is an absolute necessity, especially if you’ve got family to think about, large sums of money / non-fluid income, or other investments.   All things considered, the importance of creating a will – especially as you reach middle or retirement age – cannot be understated. Not

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Mar 052019

3 Tips on How to Spend Mindfully

Posted on March 05, 2019 Uncategorized

  It’s 2019, and we live in an era where spending money is not just limited to going out to a store, shop, or restaurant and making purchases in person. We live in a world where e-commerce has seemingly taken over, with Amazon dominating the online marketplace with other e-commerce business models struggling to compete. Anyone with Amazon Prime can tell you how easy it is to hop on the site and get anything you want or need, without having to worry about shipping costs. Incidentally, Target is known far and wide as a store where you visit to pick

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Feb 272019

Easy Tips for Paying Down Loans Faster

Posted on February 27, 2019 Uncategorized

  Owing money on a mid-to-large-sized loan is relatively common these days. In fact, studies have shown that more than half of all Americans have taken out a decent-sized loan to which they still owe quite a bit of money. After all, especially in the 21st century, taking out a loan is almost a big part of being an adult. Whether you’ve taken out a home equity loan, student loans, or an auto loan, unless you’re a millionaire it is almost a necessity if you need to make big purchases or help get from one point to another, financially.  

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Feb 242019

Great Ways to Support Your Local Community

Posted on February 24, 2019 Uncategorized

  It is well known by our members that Polam FCU is a strong supporter and participant in the Bay Area Polish-American community. We work with local organizations and our members help form the backbone of what makes us a strong part of the Bay Area. Most importantly, our members visit and patronize Polish-owned businesses all around them, and businesses tend to work together to make our community great.   If you want to do more to help keep our local economies strong, there’s a number of things you can do to support your neighbors, friends and family, as we

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Feb 202019

Saving Money By Avoiding Takeout

Posted on February 20, 2019 Uncategorized

  We currently live in a world where convenience is the key to everything. Whether it’s through mobile apps or new technology for newly-released devices, we want what we want quickly and without much effort on our end. The need for convenience has expanded to ordering takeout – with Seamless, Postmates, and UberEats, among others, we don’t have to make much of an effort. Just open your takeout app of choice, pick a restaurant and what you want to order, and pay on the app. Convenient, right?   However, studies show that 49 percent of millennials spend more on going

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Feb 122019

3 Tips for Planning a Creative and Budget-Friendly Wedding

Posted on February 12, 2019 Uncategorized

  Wedding are often magical events, for the bride and groom, for the families of the bride and groom, and your guests. Most women (and some men) have their dream wedding all planned out, and using Pinterest is a great way to collect ideas. However, according to The Knot, a wedding website, in 2017 the average cost of a wedding was $33,391, which is far over budget for many couples and their families.   If you’re looking to stay within your budget and still have a beautiful wedding, we have some creative tips to make that happen. We also encourage

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Feb 062019

3 Ways You Can Use A Home Equity Loan

Posted on February 06, 2019 Uncategorized

  Owning a home has multiple benefits. For one, you’re not reliant on a landlord; when it comes to your home, you’re in charge. Second, you can build equity in your home the longer you own it. That equity is available for you to when you need an extra cash flow, and can be quite useful when you’re in a situation where you need additional funds. Polam’s home equity loans are designed for that purpose, and if you’re interested in taking out a loan on your home, visit one of branches and speak to one of our loan officers.  

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Jan 282019

When Should You Remodel Your Home?

Posted on January 28, 2019 Uncategorized

  Many homeowners find the month of January to be the best possible time to start working on home renovations, both big and small. Whether you need replacement windows or doors, new countertops in your bathroom or kitchen, or even just creating a more functional and effective organizational system, getting started now or planning early is a popular idea in the beginning of the year.   If you’re looking to consider doing some renovations for your home this year, consider some of the following first before you start making financial plans:   Creating more effective space. When you’re building a

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Jan 212019

Financial Advice for New Parents Staying at Home

Posted on January 21, 2019 Uncategorized

  When you’re planning for a child, you know your life will be turned upside-down for a long time. Newborns, infants and toddlers can take up a lot of time in caring for them, as they lack many functions. Some parents have the privilege of taking maternity/paternity care, and some don’t. But regardless, there has to be a plan in place regarding whether parents will stay in the workforce, or one parent will resign from a job to stay home with the child.   There are certainly pros and cons to either situation, but with only one main source of

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Jan 112019

The Many Benefits of Banking Online

  With the progression of the internet, mobile devices and mobile apps, at one point or another, modern technology was going to advance to where you could start banking and managing your accounts online, rather than having to drive to a branch to take care of your financial needs. However, roughly 34 percent of credit union members across the country either aren’t familiar with online banking, or they choose to bank in person at a branch. While it’s understandable that people who may not be used to new technological advances might be hesitant to manage their accounts virtually, it’s more

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