Jan 242018

Why Millennials Should Choose a Credit Union

Posted on January 24, 2018 Uncategorized

  Since the Great Recession in 2008, millennials have become more and more cautious about the security of their money and banking overall. It’s not uncommon for a millennial to be distrusting of financial institutions, but many don’t know they have other options.   Credit unions are smaller than banks, and when you join, you become a member and co-owner, which is why we believe credit unions like Polam FCU are a great choice for any millennial who’s looking for a better banking experience. Here are a few reasons why we feel this way.   You’re not just a member,

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Jan 162018

Understanding Your Credit Score

Posted on January 16, 2018 Uncategorized

  Regardless of whether you’re starting to build credit for the first time, or you’ve been building credit for decades, it’s not hard to get confused about how your credit score is calculated. There are a seemingly endless number of factors that go in the makeup of your credit score, including but not limited to payment history, credit use and utilization, and the number of accounts you have. One of the most important first goals you should have in terms of your financial goals is understanding your credit score, how it’s calculated by major financial institutions, and how you can

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Jan 102018

Owning a Dog – What Costs to Expect

Posted on January 10, 2018 Uncategorized

  Dogs are commonly known as “man’s best friend” – and few would dispute that notion. Adopting a four-legged friend into your family is one of the best things you can do for the critter you welcome into your home, and having a dog can also be incredibly therapeutic. Winter is often a popular time to adopt, because the chilly weather can leave people wanting to bring home a warm, cuddly puppy.   However, as we all know, adopting a dog can add a number of expenses to your budget. Some of these costs are pretty obvious, whereas some are

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Jan 032018

New Year’s Resolutions and Your Finances

Posted on January 03, 2018 Uncategorized

  It’s the first week of 2018, and people everywhere are outlining their New Year’s resolutions. So many people around the world make resolutions related to their finances and fiscal responsibility, as there is no dearth of ways one can make improvements to how they manage their finances. Whether it’s something as simple as cutting out one frivolous luxury a week, or as complicated as a complete overhaul of their recording systems, the resolution possibilities are seemingly endless.   As part of our mission to give our members a better banking relationship, we have a few ideas for good New

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Dec 272017

Banking with CO-OP ATM Network

Posted on December 27, 2017 Uncategorized

  Polam FCU is always striving to provide a better banking experience for our members, and part of doing that is making sure you have the best access to your finances when you’re on the go. We are proud to announce that we’ve moved from our partnership with Bank of the West to CO-OP Network for ATM service. This new relationship increases your access from roughly 700 surcharge-free ATMs to more than 30,000 around the United States and in 10 countries abroad.   Here are a few reasons why this new partnership is great for continuing our goal of giving

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Dec 202017

Online Banking – A Quick Guide to Simplifying Your Finances

Posted on December 20, 2017 Uncategorized

  For some people, online banking is second nature when it comes to their finances; with just about every financial institution having their own app, it’s incredibly easy to take care of your bills and bank accounts with a few finger taps. But for those who are used to a more “old school” way of managing their money, online banking can come off as unsecured and difficult to understand.   However, many people would be surprised to know that that’s not the case. Financial technology has been booming over the last several years, and it’s getting more secure, more simple,

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Dec 052017

Financial Planning for the Holidays – How to Watch Your Budget

Posted on December 05, 2017 Uncategorized

  Although it seems like the holiday season starts earlier and earlier every year, it’s never too late to consider a budgetary plan for your holiday shopping. While Black Friday (and Black Thursday) can net you some incredible deals, many consumers shop throughout December for family and friends.   Whether you’re on a tight budget or you’ve got serious cash to spend, it’s always a good idea to have a financial plan before jumping in and buying the best for the people you love. At Polam FCU, we have a variety of tips regarding how to make the most out

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Nov 282017

Prequalified vs. Preapproved – Knowing the Difference

Posted on November 28, 2017 Uncategorized

  If you’re a first time homeowner, the mortgage process can be somewhat daunting. Even people who’ve owned a home before can get confused by the process. However, one important thing to understand is the difference between being prequalified for a mortgage and being pre-approved for one.   It can be easy to use the terms interchangeably, but because they mean different things, it’s good to be on the up-and-up with regards to terminology to make the home buying experience one with minimal stress.   What does it mean to be “prequalified”? When you are prequalified for a mortgage, your

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Nov 222017

Black Friday 101- How to Successfully Tackle Your Holiday Shopping

Posted on November 22, 2017 Uncategorized

  The official start of Christmas shopping season is almost upon us! This Friday marks Black Friday, a day in which you can clean up with great deals at retailers of all kinds. From big box stores to smaller shops, you can find great bargains almost everywhere. However, it can be a stressful experience, both for your brain and for your pocketbook.   Before embarking on your holiday shopping journey, it’s important to make a plan so you don’t overspend, and to ensure you’re choosing the perfect gifts for your friends and family. Here are a few of our tips

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Nov 152017

Money-Saving Tips for Your Thanksgiving Feast

Posted on November 15, 2017 Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog

  Thanksgiving is one of the most popular holidays in the United States, and one where people make big efforts to celebrate with family, friends, and a giant feast. However, serving up a 15-pound turkey with all the trimmings can be costly, especially with Black Friday the next day and Christmas right around the corner.   There are so many easy and creative ways to trim your Thanksgiving spending. We collected a few tips to help you have a cost-effective and amazing Turkey Day!   Keep your menu simple. With Pinterest and Facebook tantalizing us with all the creative dishes

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