Jun 212017

Supplies to Save Your Summer Road Trip

Posted on June 21, 2017 Blog, Group A

  It’s that time of year again–when the sun is out, the skies are clear and it’s time to hit the road! If you’re gearing up for your next adventure, here’s a list of four essential items to ease your worries before you hit the road.   Old Fashioned Paper Maps. In an age when smartphones lurk in almost every pocket, it may seem redundant to bring a paper map on a road trip. It isn’t – it’s good planning. Many of our national parks have large sections where it’s impossible to find a cell phone signal. If you’ve ever

▸ continue reading
Mar 032016

Security Chip Technology Helps to Reduce Fraud

Posted on March 03, 2016 Blog, Group A

  Chip-enabled debit and credit cards are becoming the standard for businesses and consumers. You may have noticed over the recent months that your credit unions or banks have begun to issue new debit or credit cards with a small metallic chip known as an EMV chip. The goal of this technology is to aid in the efforts of decreasing consumer fraud by adding an additional layer of security. According to a report published by Javelin, about 31.8 million U.S. consumers had their credit card information stolen in 2014. This is a growing problem that EMV chip technology seeks to

▸ continue reading
Feb 222016

The Myth of the Fixed Rate 30-Year Mortgage

Posted on February 22, 2016 Group A

  The Myth of the Fixed Rate 30-Year Mortgage: Let me get to the point without forcing you to read a long introduction; “Most People Keep Their Homes for Six Years”.  So why is it that most people look for a fixed rate 30-year mortgage? While many of us would like to believe that the home we just purchased will be our home forever, in most cases that is not the reality.  According to a recent Federal Reserve Bank study, the average age of the first time buyer is 33 years old. So on average, most people will purchase 4 homes

▸ continue reading
Oct 302015

WIN A FANDANGO GIFT CARD

Posted on October 30, 2015 Blog, Group A

  Polam is giving away a $25 fandango gift card! The first person to answer the following question correctly is our winner! “Polam was founded in 1974, which film won Best Picture at the Academy Awards this same year?” To enter, complete the registration form below and include your answer. We will announce the winner tomorrow at 12 pm!

▸ continue reading
Oct 142015

Home Equity Loan vs Home Equity Line of Credit: Pros and Cons

Posted on October 14, 2015 Blog, Group A

  As times periodically get tighter, your family and bills cannot wait. Temptation may have you considering utilizing your largest asset: the family home. Home repair issues, credit card debt and even college tuition can be resolved by tapping into the equity of your house. With the fed maintaining low interest for a while now, the cost of borrowing money is as good as it gets. One key difference between home equity products and other forms of consumer debt is that all of the interest that you pay may be eligible for tax-deduction.1 A home equity loan will get you

▸ continue reading
Oct 072015

Top Tips from the Debt Free

Posted on October 07, 2015 Group A

1. Learn Your Habits and Don’t be Tempted Knowledge of yourself is important. Understand the difference between bad debt like luxury automobiles and good debt like home mortgage. When planning for repayment of large debt numbers, examine your own spending patterns. A little bit of self-reflection can help you spot your own weaknesses. Identify non-essential spending trends and limit them so that these extras become real treats. Every dollar saved will empower you to tackle large debt. 2. Fight High-Interest There are three common schools of thought when it comes to attacking debt. Some would argue to pay down the

▸ continue reading
Sep 302015

The Perks of a Personal Loan

Posted on September 30, 2015 Group A

Everyone needs some extra cash once in awhile. Let’s explore the benefits of getting a personal loan. 1. Quick and Simple When you are in need of funds, you probably need that money fast. At Polam Federal Credit Union, many people are approved within an hour and most will be approved within a day. 2. Competitive Rates with Lower Minimum Payments Personal loan rates that will beat out the high-interest credit card in your wallet and any product available at a payday loan company. Personal loans are always great for paying down other debts because the required payments are easier

▸ continue reading
Aug 242015

Polam Profiles: Veronica Fitzsimmons – Loan Officer

Posted on August 24, 2015 Blog, Group A

Meet Veronica Fitzsimmons. Veronica has worked as a loan officer for Polam FCU for one and a half years. Veronica’s favorite hobby is basketball which she plays all the time. While she’s not watching the Golden State Warriors as a die-hard fan, Veronica loves to spend time singing along with the Disney’s Frozen Soundtrack or catching a couple Law and Order episodes. When asked what her favorite travel destination Veronica said “My favorite place was the Philippines for sure. I love their sweet tofu and brown sugar snack- Taho.” Next we spoke with Veronica about her career at Polam. “Honesty

▸ continue reading
Aug 172015

Social Media in the Job Market. Friend or Foe?

Posted on August 17, 2015 Group A

Whether you are an experienced professional or a college graduate looking for their first job you have more than likely asked yourself one familiar question. Can social media impact the decision of me being hired? The ugly truth is, social media does offer opportunities for qualified candidates to be overlooked for positions, especially in the competitiveness of the current job market we are experiencing. That being said, social media can also help to deliver your skill sets in a way that a standard resume cannot. We have put together a few tips for you to consider when entering the job

▸ continue reading
Aug 102015

Calculating your Net Worth

Posted on August 10, 2015 Group A

Calculating your net worth is important when creating an overall savings plan. It helps you to see areas of opportunity that can easily increase your net worth such as increasing your 401K contributions or deciding whether or not a new luxury car is truly needed. Many of us have a rough estimate of what our big-ticket items are worth and how much we owe in credit card debt. However, we commonly overlook assets and liabilities that provide us with a more accurate depiction of our net worth. When completing a comprehensive net worth calculation, each person can decide what dollar

▸ continue reading