Welcome to Diamond Credit Union's Out & About and Newsworthy section. Here you will find the latest articles, announcements, and press releases, as well as insights, useful information, resources, tips and guides on financial matters which individuals, students, families, and businesses encounter.

 

How to Budget for a House You Can Afford

You can read article after article full of first-time home buyer tips, and the most important message in each and every one is to budget for a house you can afford. In theory, it’s simple advice, but it may leave you wondering, “How much house can I afford?” How can you make a financially-responsible choice … Continue Reading

Diamond One of Fastest Growing Businesses

The Greater Reading Chamber Alliance honored Diamond Credit Union as one of its Top 50 fastest growing businesses in the area. Diamond received the honor at the Greater Reading Chamber Alliance’s annual awards dinner on May 30. Diamond Credit Union board members and staff pose with the Greater Reading Chamber Alliance’s award for ranking among … Continue Reading

Outsourcing Business Finances Helps Small Business Grow

Many questions arise when handling business finances and tax preparation, so consider outsourcing your business finances. Unlike personal taxes, small business taxes are a year-round process. While most individuals are celebrating the end of tax season, as a business owner there is always more work to do! You started your business because you had a … Continue Reading

Diamond, Royals Team Up to Help Charitable Organizations

Diamond Credit Union and the Reading Royals Hockey Club teamed up to give nearly $3,000 to 12 charitable organizations during the 2018-2019 season. The donations were earned through the two long-time partners 5th annual Shoot for Commyounity contest. At every Saturday Royals home game, on the ice between the second and third periods, a representative … Continue Reading

Am I Saving Too Much Money in My Savings Account?

We’ve all heard the statistics about people not having enough savings to cover unexpected emergencies that may occur. But, we don’t hear as much about people who are in the opposite position — too much money in their savings account. While it’s not exactly a bad problem, saving too much money in a savings account … Continue Reading

Golf Tournament Raises $31K to Fight Cancer

The 15th Annual Diamond Credit Union Charity Golf Invitational was a huge success despite little cooperation from Mother Nature. Golfers, sponsors, and staff shrugged off strong storms to raise $31,000 on Friday, May 10, 2019 at Golden Oaks Golf Club in Fleetwood, Pa. The tournament benefited the American Cancer Society. John Faust (center), President/CEO of … Continue Reading

Advice for Unmarried Couples Buying a House

You’re not married, however, are you and your partner considering buying a home together? It’s happening more often. The 2019 Home Buyers and Sellers Generational Trends Report from the National Association of Realtors showed that 8% of recent home buyers were unmarried couples. Maybe you’re buying a new home before walking down the aisle or … Continue Reading

Travel-related Identity Theft is Common…and Costly

Summer is nearly here, bringing a bit of rest and relaxation to hundreds of millions of people around the world. Workers eagerly anticipate summer vacations: 68 percent of Americans and 64 percent of Europeans planned a summer holiday in 2018.(1) Vacations create special memories and experiences that we all cherish. Unfortunately, vacationers face an increased … Continue Reading

6 Smart Ways to Use Small Business Financing

When you’re getting a small business off the ground, financing plays an important role. While you may be able to self-fund your early efforts, you will eventually need to explore other small business financing options. These could include a small business loan through your credit union, pitching your business to investors, or bringing on financial … Continue Reading

Money Moves to Consider Post-Retirement

Many things change when you retire. Here’s how you can determine the best way to handle your assets and investments within this new framework. When you enter retirement, you’ll immediately notice two things: You no longer draw a salary, and you have more time on your hands. Use that time to effectively manage your finances … 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.