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.

 

Should Small Business Owners Turn To Alternative Lending?

When it comes to your personal finances, you might be familiar with names like Lending Tree or Rocket Mortgage, websites where you can quickly fill out an application and be approved for a loan in record time. These websites are part of a growing trend called “fintech” (financial technology) or alternate lending. But it’s not … Continue Reading

Glossary of Common Mortgage Terms You Need to Know

Part of what makes the home buying and mortgage process so overwhelming is that there seems to be an entirely new language that you may not be familiar with. Your realtor or lender may toss out phrases like “adjustable rate,” “escrow,” or “amortization,” and expect you to follow along. To help you “talk the talk” … Continue Reading

10 Places to Never Share Your Social Security Number

Here’s a secret way to keep your identity—and that of your loved ones—secure: Never share your Social Security number unless it’s absolutely required. That’s right. Most of the time, it’s OK to say no to schools, doctor’s offices, sports clubs and many other organizations that may ask for this nine-digit identifier. In fact, safeguarding SSNs … Continue Reading

Where Will Your Retirement Money Come From?

Our goal is to provide you with the education which can help you understand and better define your financial goals for the future. Our financial professionals are here to provide the guidance to pursue those goals. For many, understanding every aspect of personal finance can be daunting. From investments to retirement to insurance, the decisions … Continue Reading

Which Types of Mortgages are the Best?

The number of home loans has been steadily on the rise, reaching nearly 3.2 million across the U.S in the past few years. But with so many types of mortgages available to homebuyers, how can you choose the best one for your new home purchase? Every homebuyer’s personal situation is different, and there is no … Continue Reading

What can I do to protect my computer and data?

There are three main threats to the data on your computer: malicious software, network intrusion by hackers, and physical theft. Use Protection Software To protect your computer against viruses, spyware, worms, and Trojan Horse programs (which let hackers control your computer), you must use antivirus, anti-spyware and anti-malware software—and keep those applications up-to-date. To keep … Continue Reading

The Cost of Procrastination

The week’s topic: The Cost of Procrastination Our goal is to provide you with the education that can help you understand and better define your financial goals. Our financial professionals are here to provide the guidance to pursue those goals. For many, understanding every aspect of personal finance can be daunting. From investments to retirement … Continue Reading

5 Mistakes First-Time Homebuyers Make: Straight From the Pros

In recent years, first-time homebuyers have made up approximately 30-35% of the home sales landscape. With no previous experience in the processes of house hunting, applying for financing, or closing on a home, it’s no doubt that mistakes are bound to happen. To help you avoid the common pitfalls (whether small or costly) homebuyers make … Continue Reading

Measuring the Value of a Financial Advisor

The week’s topic: Measuring the Value of a Financial Advisor Our goal is to provide you with the education which can help you understand and better define your financial goals. Our financial professionals are here to provide the guidance to pursue those goals. For many, understanding every aspect of personal finance can be daunting. From … Continue Reading

How Much Money is Really Needed to Buy a House?

As a first-time homebuyer, it’s not uncommon to approach the cost of buying a new home thinking “the calculators show my mortgage payment will only be X dollars, which is about the same as my rent, so maybe I can afford a house that costs X dollars.” Buying your first home is very exciting, and although it can … 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.