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Welcome to the Diamond Credit Union Blog.  Here you will find the latest insights, useful information, resources, tips and guides on financial matters which individuals, students, families and businesses encounter.

 

Separating Needs from Wants Can Help Reduce Stress and Anxiety

The task of deciding between financial needs and wants can be difficult; however it is extremely helpful, especially when it’s time to manage your budget. In some cases, it can be easy to identify the difference between a need and a want. However, there are certain expenses that aren’t as black and white. Discover an … Continue Reading

Playing House: Advice on Managing Finances with Cohabiters

So you’re about to move in with your significant other? The thought of setting up house together can be incredibly exciting. Perhaps you have already weighed the pros and cons of your decision, but have you thought through the financial impact that your living arrangement can produce? Before taking that next big step, it is … Continue Reading

5 Steps to Take When You’re a Victim of Identity Theft

Falling victim to identity theft can be an unsettling experience. Many people don’t know where to begin to restore their good name and credit, what to do or who to call. With more than 13 million identity theft victims a year, there’s a good chance this crime could impact you. There are five important steps … Continue Reading

The Fraud Report: Holiday Scams Edition

It’s the most wonderful time of the year for a lot of people including fraudsters. So, take care this holiday season to protect yourself from these not-so-jolly holiday scams. Pickpockets can Wear Santa Hats too When you are shopping in crowded stores, there is always the threat of pick-pockets and other theft. Keep your wallet … Continue Reading

Top 6 Reasons to Buy Locally [infographic]

Ever since 2010, the Saturday after Thanksgiving has officially been named Small Business Saturday. Why is it so important to shop small instead of solely shopping at large chain retailers? These are six main reasons to buy locally and how they all play a major role in boosting your local economy. 1. Investing in the … Continue Reading

5 Things You Need to Know About Improving Your Credit Health

The thought of improving your credit health can weigh heavily on the mind, especially when you are already under financial stress or when you are in a situation where your credit is about to be under scrutiny. Take control of your credit health by understanding the ins and outs of your credit history and what … Continue Reading

Four Do’s and Don’ts to Protect Seniors Against Identity Theft

It has been a problem, and it’s getting worse: Seniors are most likely to fall victim to identity theft. People ages 50 and older accounted for nearly half—45 percent—of identity theft complaints, according to the Federal Trade Commission’s Consumer Sentinel Network Data Book. And that number has been increasing, from 38 percent in 2013 and … Continue Reading

Credit Union Myths Debunked

Even though credit unions have been around for over 100 years, there are still a lot of misconceptions that circulate about what credit unions offer and how they operate. The biggest difference between banks and credit unions is that banks are for-profit financial institutions that are owned by the bank’s shareholders, while credit unions are … Continue Reading

Contingency Planning: Creating an Effective “Plan B” for Your Local Business

Do you have a contingency plan in place at your company? Contingency planning is vital to survival. Without one, your business could experience major setbacks in the event of a situation that negatively impacts your company’s normal operations. While some events are completely unexpected such as natural disasters, accidents on site, and personnel-related risks, other … Continue Reading

Why Women Need to Plan For Retirement: 4 Women Share Their Challenges

For many decades, women have faced greater retirement challenges than men have. Why is this the case? On average women live 5-7 years longer than men, meaning their dollars need to stretch longer. We spoke to four women from different walks of life about their retirement planning journey in order to identify the setbacks that … Continue Reading

The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.