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.

 

Home Equity Loans vs Mortgages: Are They the Same?

Oftentimes there is confusion among potential homeowners as to the difference between home equity loans vs mortgages. They are not the same, and it’s important to understand which loan product is right for your needs. A mortgage is a loan that an individual receives from a lender to pay for a new home. The home … Continue Reading

Diamond Named 2018 Best of Berks

Diamond Credit Union has been named “2018 Best of Berks – Financial Institution” by Berks County Living in the magazine’s annual year-end “Best of Berks” edition. This is the first time Diamond has received the honor which is determined through votes by readership and the community. Diamond is the first credit union to be honored. L-R: … Continue Reading

Ransomware Threat Level Rising: Businesses Vulnerable

Simple tools. Ominous results. Ransomware threat level rising. Ambitious cyber criminals launched devastating ransomware attacks in 2017, taking in billions of dollars and disrupting businesses around the world. As ransomware becomes a more lucrative tool for criminals, things could get much worse. Cyber attacks doubled in the first half of 2017 and damage costs are … Continue Reading

Diamond Ranked 14th Among Best Places to Work in PA

Diamond Credit Union learned that it ranked 14th among mid-sized companies in the 2018 Best Places to Work in PA survey and awards program. It was announced in September that Diamond earned a spot on the list for a third consecutive year. The Credit Union was also ranked in 2017 and 2016.   Rankings for … Continue Reading

The Gift of Investment Savings

The holidays are quickly approaching. Consider celebrating the season by giving a gift of investment savings to your young loved ones. Cash and investment securities are always a welcome gift, especially when the purpose is as well defined as paying for college, a wedding, or a home. Intelligent gift giving maximizes tax benefits to the … Continue Reading

Be Smarter with Your Money this Holiday Season

It’s here! Holiday shopping season. So, during this time of year, it’s important to be smarter with your money including holiday shopping on a budget or protecting your finances during a busy spending season. We have great advice to help you make smarter financial decisions during the holidays.   Holiday Shopping on a Budget: Less … Continue Reading

Can I Buy Another House Before I Sell Mine?

How Second-Time Home Buyers Balance Buying and Selling at the Same Time First-time home buyers get a lot of attention because the whole process is new to them. It’s assumed that second- or third-time home buyers don’t need as much guidance since they’ve been through it all before. But as a second-time homebuyer, you face … Continue Reading

Department Store Credit Cards: Why to Say “No Thanks!”

Holiday shopping is right around the corner. As you approach each checkout counter, you’ll be faced with this question again and again, “Would you like to save an additional 15% when you apply for a credit card?” Saving is always a great thing. However, is applying for department store credit cards the best way to … Continue Reading

Teach Your Kids Cyber Hygiene (and Freeze Their Credit)

Although National Cybersecurity Awareness Month has passed for 2018, consumers must continue to be diligent with the security of their personal information…especially that of their children. To help, the Identity Theft Resource Center in conjunction with CyberScout has released a survey entitled “Social Media Habits and You.” The survey focuses on how parents and guardians … Continue Reading

The Transition into Full Retirement

Your full retirement has arrived! Let’s take a look at how to transition to living solely on your retirement income and savings. If you’re like many seniors, you may have postponed your full retirement, perhaps by working or consulting part time. Transitioning to a work-free life can be exhilarating yet worrisome, but you have options. … 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.