Why You Need to Pay Off Credit Card Debt & How to Get It Done!

Have you found that a large amount of credit card debt is holding you back from reaching many of your goals? Growing credit card balances may be keeping you from saving money for a down payment on a new home, buying a more reliable car, or paying off student loan debt. If you’re unsure of … Continue Reading

Every Student Should Know about Student Loan Fraud

Student loan fraud occurs when identity thieves obtain personal information and use it to apply for federal student loans and Pell grants. It can happen to anyone, whether you attend college or not. College students are four times more likely than other groups to have their identity stolen by people they know, including roommates, family … Continue Reading

Managing Checking Accounts. . . Then and Now

Checking Accounts . . . Then Do remember when you maintained your checking account balance on tiny-lined ledgers and cross referenced it to your paper statement each month, hoping your math was right? How about cashing a check? This was a multi-step process that involved signing the back of a check, filling out a deposit … Continue Reading

How to Guard Against and Respond to Child Identity Theft

Child identity theft happens. What does that mean for your child? Imagine this scenario: Your college-bound child applies for a car loan or credit card, but is turned down because of thousands of dollars in unpaid debt. Identity theft has struck again, and the resulting poor credit record will affect your child’s financial well-being for … Continue Reading

Are You On Track With Your Child’s College Savings?

Saving for and paying for college can be an 18+ year endeavor, and many families are uncertain about how to build their child’s college savings the right way. With the price of a college education rising each year, parents may wonder what their savings goal should be. Their very first question is often, “what will … 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

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

Are You Paying Off Your Student Loans the Right Way? Strategies to Pay Off Student Loans In Full

To ask if you are paying off student loans the right way, may seem absurd. You receive your monthly balance, you pay it on-time, and all is good, right? Yes, but there may be some aspects of student loan repayment that you are unaware of. Whether you’re in the thick of student loan repayment, or … Continue Reading

6 Ways You Can Build Home Equity

Simply put, home equity is the amount of your house that you actually own. It is the difference between the value of your property and the mortgage balance against it. For example, if you sell your home for $125,000 and you pay off what you owe on your mortgage (let’s say $100,000), your home equity … Continue Reading

Differences Between Pre-Selected and Pre-Approved Credit Offers

When you get envelopes in the mail proclaiming that you have been pre-approved for a credit or loan, tempting you to “Act Now!”, it can be confusing. Many questions generally circulate through your mind when trying to figure out why you’re receiving pre-approved credit offers in the first place. Is this affecting your credit score? … Continue Reading

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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.