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June, 2019

The Importance of Beneficiaries on Your Accounts
Authored By: Genisys Credit Union on 6/19/2019

Couple with daughter looking at accounts on laptop

It’s a tough topic and conversation to have, but deciding on who will handle your affairs and assets if you pass away is so important regardless of what financial position you are currently in.

Wills and trusts are an important piece, but an additional, simple step is to designate beneficiaries.

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Should I Refinance My Home Mortgage?
Authored By: Genisys Credit Union on 6/12/2019

Happy Couple relaxing in their houseBuying your first home is exciting. The experience can also be a bit confusing when obtaining your home financing. While it may seem that the decisions about financing end at the mortgage closing, that’s not necessarily the best tactic for your finances.

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7 Signs You're Living Beyond Your Means and How to Fix It
Authored By: Genisys Credit Union on 6/5/2019

Young guy watching money fly out of wallet

Do you have champagne taste on a beer budget? Or maybe a lender has told you that you’re over extended? Either way, it boils down to spending more money than you actually bring home throughout the year.

Here are some of the tell-tale signs of living beyond your means and what you can do it fix it.

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May, 2019
Secured vs. Unsecured Loans - Which Is Right For Me?
Authored By: Genisys Credit Union on 5/29/2019

Man frustrated while looking at financesLife comes at you fast. One day your finances are in order, and then, just after you paid for your dream vacation, your car breaks down, you receive a hospital bill you weren’t expecting, and your refrigerator quits working.

Situations like this happen all too often, and instead of credit cards, unsecured personal loans and lines of credit can come in handy. But how are they different than a secured loan?

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Ready for Summer Vacation? Watch Out For Digital Identity Thieves
Authored By: Genisys Credit Union on 5/22/2019

Frustrated couple with luggageSummer is almost here, and with it comes  a bit of rest and relaxation for millions of people around the world. It is clear workers eagerly anticipate summer vacations with 68 percent of people  taking a summer vacation in the last year. Vacations create special memories and experiences that we all cherish, but they also open us up to be the perfect target for identity thieves.

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Keep Your Credit Cards From Wrecking Your Credit
Authored By: Genisys Credit Union on 5/15/2019

Young man shopping with credit cardWhen you start working and paying your own bills, it doesn’t take long to realize that a credit card is a necessary financial tool.  You need a credit card to complete many transactions even if you don’t need to go into debt.  Plus, without a credit card, your credit score may not be as high as it can be. 

With these benefits of credit cards, it’s important to make sure your use of that plastic does not cause you harm.  Practice these good credit card health habits to be sure having a credit card does you more good than bad. 

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10 Savings Tips Your Future Self Will Thank You For
Authored By: Genisys Credit Union on 5/8/2019

Young Woman placing money into a piggy bank

Does it seem like saving money is a luxury you can’t afford?  Do you have good intentions to save, but unexpected needs always seem to arise?  Are you counting on your “future self” to come to the rescue?

You’re not alone.  According to the Federal Reserve’s Report on the Economic Well-Being of U.S. Households, 40% of adults feel they don’t have enough saved to cover a $400 emergency.  Many of us are familiar with financial stress like this. Luckily, there is hope.

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3 Reasons To Avoid The Free Trial Trap
Authored By: Genisys Credit Union on 5/1/2019

Young Man holding credit card and making online purchase

FREE Trial Offer….. many new products and services come with these enticing words and sway many consumers to feel as if it is a great deal.   While these words may sound enticing, often ‘free trial offers’ are scams to take your hard earned money. Consumers are being misled into auto-enroll subscriptions when signing up for the free trial.  Then month after month the credit card is billed, often without you ever knowing.

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April, 2019
7 Reasons Not To Skip a Home Inspection
Authored By: Genisys Credit Union on 4/24/2019

Man holding magnifying glass over model of a  home

Shopping for a new home can be an exciting blur of listings, neighborhood scouting and open houses. There’s so much to consider! You want a house in the perfect neighborhood with that gorgeous kitchen and great yard, all within your budget.

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9 Steps To Buying Your First Car
Authored By: Genisys Credit Union on 4/17/2019

Young woman holding keys in her new car

Congrats—you’re ready to purchase your first real car!

The process can be daunting when you don’t know what to expect, so let us walk you through the process. Follow our guidelines for a stress-free ride!

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Don't Get Caught in a Crowdfunding Scam
Authored By: Genisys Credit Union on 4/10/2019

Woman watching money fly out of her cell phoneThere never seems to be a shortage of scams that are out there just waiting to take our money.  One of the most recent trends in scamming is something called “Crowdfunding.” For the unaware, crowdfunding is simply a way for a group of people to support a cause, project, or person that otherwise might not have the tools or resources to raise money.

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Tax Return Not What You Expected? Here's What You Need to Know.
Authored By: Genisys Credit Union on 4/3/2019

frustrated woman doing taxes at computer

Are you hoping to get a refund from your 2018 tax return? Many people intend to use their refund as a “forced savings plan” (essentially withholding extra taxes on purpose so that they get a larger refund at the end of the year, instead of being tempted to spend it during the year).  However, 42% of taxpayers who file their tax returns early end up using their funds to cover things like rent, food and utilities – catching up on expenses, rather than putting money away for savings.

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March, 2019
Ready to Buy a House? Don't Forget This 1st Step!
Authored By: Genisys Credit Union on 3/27/2019

A couple standing in front of their new houseYou’re ready to purchase a home. You have a steady job, some savings for a down payment, but you aren’t sure what to do next.


Pre-qualification is typically the first step in the home buying process.

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Why is My Credit Score so Low?
Authored By: Genisys Credit Union on 3/20/2019

Surprised man looking at credit reportYou have obsessed over paying your bills on time and have never been late on a payment.

However, when you apply for credit, you find that your credit score is good, but not excellent. 

What's that all about?

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10 Ways To Stay Safe Online
Authored By: Genisys Credit Union on 3/13/2019

Young Man frustrated looking at his computerWith hacks, scams, malware and more, the Internet can feel like a dangerous place these days. And, the recent increase in devices, from smartphones and tablets to Internet-connected appliances, has opened us up to even greater risks. Criminal Internet activity seems to continue to rise making online safety a concern. The FBI received more than 300,000 complaints in 2017 with more than 1.4 billion in reported losses.

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3 Questions to Answer before Signing That Car Lease
Authored By: Genisys Credit Union on 3/6/2019

Man shaking hands with salesmanThe timing is right for a new car.  Your trusted friend has taken you everywhere for the last several years but is starting to wheeze, squeak, and sputter.

Right on cue, your eyes begin to wander to advertisements you never noticed before.

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February, 2019
A Credit Building Guide for College Students
Authored By: Genisys Credit Union on 2/27/2019

young female college student with backpackEstablishing credit while you're in college can help make the transition into post-graduation life much easier.

Good credit can help you qualify for lower interest rates on a student loan refinance, pass an employment background check or get approved for an apartment lease. But when it comes to building credit, students' options may be limited due to your age and the length of your credit history. The ironic thing is, the key to building credit is that you have to show you can put yourself into debt and then get out of it.

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What's the Best Way to Finance a Home Renovation?
Authored By: Genisys Credit Union on 2/20/2019

Young Couple looking at piggybank

If cabin fever has you looking closer at your home and wishing things were different, maybe this can be the year you take on a renovation project.  Whether you’re gutting your entire kitchen or turning your basement into a home theater, you have several choices when it comes to funding a home renovation, but which one makes the most sense?

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3 Expert Tips for Making the Most of Your Raise or Bonus
Authored By: Genisys Credit Union on 2/13/2019

Young woman excited about her pay raiseEveryone loves a good bonus or raise—and we understand why! That extra income not only helps you feel rewarded at work but it also just makes life a little bit easier.

This can be a real boon to your financial stability.  If you manage it right, you could look back a year from now and see how much better off you are with a little more budgetary breathing room. Or you can start spending more and  blow right through that extra money and more, leaving you worse off than you were before you got the raise. Which will you choose?

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Beware of These "Dirty Dozen" Tax Scams for 2019
Authored By: Genisys Credit Union on 2/6/2019

Frustrated young man looking at email

Everyone has heard of the "Dirty Dozen," when it comes to your fruits and vegetables but have you heard about the Dirty Dozen scams that are rampant during this year's tax season?

This year, the IRS is cautioning taxpayers to be extra vigilant as they have seen a 60% increase in email phishing scams over the past year. This is particularly discouraging, since it comes on the heels of a steady decline in phishing scams over the previous three years.

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January, 2019
10 Warning Signs of Too Much Debt and What You Can Do
Authored By: Genisys Credit Union on 1/30/2019

Young man looking frustrated with bills in hand

If you have debt, understand that you are not alone. It’s ok to use credit to make purchases — such as a home, furniture, or even a college education — but remember, there is a cost associated with that in the form of interest.

Interest rates and repayment terms will vary, but debt balances can quickly start to get out of hand without good budgeting and spending decisions. How do you know when your debt is too much and you’re headed for trouble?  

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A New Year's Resolution for Identity Protection
Authored By: Genisys Credit Union on 1/23/2019

YOung Guy working on computer with words coming out of his headNew Year’s Eve is always a worldwide celebration.  In the U.S., people watch the ball drop in Times Square in New York City. Canadians embrace the winter with ice fishing and polar bear swims. Revelers swing flaming fireballs at Hogmanay in Scotland and the Danes smash china for good luck.

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20% Down Home Buying Myth
Authored By: Genisys Credit Union on 1/16/2019

Couple standing outside looking towards their new house

Owning a Home -- for a lot of people that is the all American Dream.  If that's your dream, you are likely saving up, dollar by hard-earned dollar, until you have that magic number: 20% of your dream home's total value.

That's what all the experts say, right?

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New vs. Used Cars
Authored By: Genisys Credit Union on 1/9/2019

Young adult in car showroom looking at carsThe new year seems to bring goals and changes for lots of people.  Is this the year you change the vehicle you are driving? If Trusty Rusty is on his last legs you may need to spring for a new vehicle or buy a pre-owned one? 
 

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Federal Student Loan Relief is Possible on 1/2/2019

2 students sitting outside school with thumbs up

If you recently graduated from college, there’s a good chance you are carrying student loan debt.  Sources report that 60% of grads leave school owing on student loans.

With the average debt per student being $37,172 as of 2016, it’s also quite likely you may be having trouble making payments.  If that’s your situation, make sure you are aware of the options available for getting relief.

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December, 2018
The 6 Do's and Don'ts of Credit Repair
Authored By: Genisys Credit Union on 12/26/2018

Frustrated couple sitting at table looking at bills

If you’ve recently been rejected from a credit application of any kind, you may be looking at a poor credit score for any number of reasons. You may have been late with your credit card payments, have an outstanding judgment against you or have even been defrauded or victimized by identity theft.

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The Early Retirement Costs You May Not Be Considering
Authored By: Genisys Credit Union on 12/19/2018

Couple on beach watchin sunsetRetiring early is the dream. You get to spend more time with your family and enjoy your hobbies while you’re healthy enough to do so. You can say goodbye to the workday world and begin your permanent vacation.

Maybe it’s less of a dream and more of a necessity. Maybe health problems, like chronic pain or arthritis, are forcing you to consider giving up your career before age 65. Perhaps your children need you to help with caring for your grandchildren.

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Helpful Tips to Avoid Seasonal Hazards
Authored By: Genisys Credit Union on 12/12/2018

Holiday display with burning candles

 

The holiday season is supposed to be a time for relaxing and celebrating with friends and family. Sorry to be a Grinch, but the most wonderful time of the year can also prove hazardous to your health and safety. As temperatures drop and holiday activities pick up speed be sure to keep your family and property as safe as possible. Here’s what to keep in mind.

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4 Ways to Fund Your Holiday Shopping
Authored By: Genisys Credit Union on 12/5/2018

couple with holiday shopping bagsYou’ve made your gift list and checked it twice. But, now you have to pay for all this stuff! What's the best way to get through this expensive season?

Relax! You can keep your budget and your sanity, too! You can do it without having to dip into your savings or rack up a high-interest credit card bill that you'll be paying off well into 2019. Instead, learn about your choices so you can spend responsibly and keep your holiday cheer all through the season.

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November, 2018
Why is a Mortgage Good Debt to Have?
Authored By: Genisys Credit Union on 11/28/2018

Young couple holding keys to new houseEvery corner of the personal finance world stresses the same point: Debt is the wealth killer.
Debt is the single greatest threat to your retirement planning, college savings, and financial independence.

Except, as it turns out, there is one kind of debt that defies all of these rules: MORTGAGES.

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Love Your Home - Even in Winter
Authored By: Genisys Credit Union on 11/21/2018

Mom and daughter looking out window at snow

 

Home ownership can be rewarding and enjoyable. Relaxing in your yard looking at a freshly cut lawn brings a certain satisfaction you don’t feel as a renter. But, eventually summer turns to fall, and fall turns to winter. Problems start to arise, and home ownership doesn’t feel quite the same.

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5 Black Friday Scams to Avoid
Authored By: Genisys Credit Union on 11/14/2018

2 young woman with shopping bagsBlack Friday and Cyber Monday can be great fun – but they can also put you at great risk… and we aren’t talking about the WrestleMania scene in the Electronics Department! Scams are plentiful on this weekend that officially marks the start of the holiday shopping season, and you don’t want a phishing scheme or a bogus bargain to turn you into the rotten Mister Grinch! 

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Buying Your First Car the Smart Way
Authored By: Genisys Credit Union on 11/7/2018

Young Guy in car holding keys

Buying a new car can be a scary process.  If it’s your first vehicle purchase, it can be even more frightening since it will probably be the largest purchase you have ever made.

How can you avoid the mistakes and buyers’ remorse that many first time buyers experience?  Here are a few tips.

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October, 2018
Getting To Know Your Credit Score
Authored By: Genisys Credit Union on 10/31/2018

Young Man learning on laptop

Your credit score is more than just a number and we’ve all heard it has a huge impact on our overall financial well-being.  What makes up a good credit score and how does it really effect the cost of things in the future? It’s really not as confusing as it may seem.  

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Fake Check Scams - How To Avoid This Exploding Epidemic
Authored By: Genisys Credit Union on 10/24/2018

Surprised Woman viewing her account online

Has someone ever sent you a check and asked you to give them some money back?  Be wary! Maybe you won a prize and are told to send back a portion to cover taxes and fees.  Or you get paid to be a “secret Shopper” and are told to wire back money. How about selling an item online and the buyer overpays?  In all cases, you get a check and someone asks you to send them money back. That’s a scam!

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4 Expenses That Surprise First-Time Homebuyers
Authored By: Genisys Credit Union on 10/17/2018

Couple looking at bills surprised

The American dream of owning a house still seems to be something younger people want and are actively pursuing.  Many Millennials are confident they’ll achieve the American Dream of owning a home, yet more than half don’t have a plan to get there.   

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Tips for You to Avoid Flood Damaged Cars
Authored By: Genisys Credit Union on 10/10/2018

Man cleaning inside of a carIf there's one thing we can count on after a devastating super storm, it's that the used-car market is flooded with water-damaged cars.  If a used-car deal looks too good to be true, you should do more than kick the tires. 

An estimated 40,000 vehicles were damaged by flooding after Hurricane Florence on the east coast and disasters in other parts of the country add to this inventory of flood-damaged cars. Now with Hurricane Michael approaching the Florida coast, these numbers are sure to soar.

Learn what to look for and how these cars just might make it to your neighborhood.

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5 Things to Know Before you Visit the Auto Dealer
Authored By: Genisys Credit Union on 10/3/2018

Couple looking at new car
There’s nothing like a visit to the auto dealer. 

You feel an instant rush of excitement as you peruse those shiny new cars and the multiple options available. 

Zeroing in on a particular model, you decide which color goes best with your eyes.  Now you’re ready to get serious about arranging your purchase.

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September, 2018
Tips to Fix Your Finances – No Envelopes Required
Authored By: Genisys Credit Union on 9/26/2018

Happy Couple holding a piggy bankYou’ve heard it from a million places:

•   Budget your money!
•   Make a firm plan and stick with it.  

Maybe you have inconsistent cash flow and you feel constricted by a budget.   Or the thought of keeping cash in separate envelopes takes too much planning and makes you feel like you can’t have a life. 

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The Perfect Savings Tool - Share Certificates
Authored By: Genisys Credit Union on 9/19/2018

Couple researching savings products on computerShare Savings Certificates are an excellent savings option. They’re NCUA-insured, offer a better dividend rate than a savings account, and they’re safer than the stock market.

However, before you lock your money up, there are some questions you might want to answer about your financial priorities. It’s not all about the rate – there are many other things to consider.

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A 25-Year-Old's Plan for Retirement
Authored By: Genisys Credit Union on 9/12/2018

Young woman saving money with piggy bank

Retirement?!  That’s so decades away!  But over and over, you hear it said, “Start planning today!”

Here’s a two-step approach to help you learn how to develop a savings plan and accumulate a substantial retirement fund.

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6 Bad Attitudes about Money & How to Fix Them
Authored By: Genisys Credit Union on 9/5/2018

Frustrated man holding a stack of money

Do you ever find yourself having a bad attitude when it comes to the topic of money?  Many people do.

Check out these common negative thoughts about money and consider how you can give your money attitude a shakeup!  

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August, 2018
What Do Rising Mortgage Rates Mean for Me?
Authored By: Genisys Credit Union on 8/29/2018

Couple sitting in front of moving boxesThe newscaster reports, “The Federal Reserve has raised the discount rate another .25% and experts expect another two increases this year,” leaving you wondering what this means to you. If you’re thinking about buying a new home, it means a lot to you because mortgage interest rates will likely also rise.

The good news about rate increases is that they usually result from optimism about the economy.  The bad news is that increased rates mean it’s becoming more expensive to buy things on credit, especially your home.

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Paying for College is No Game
Authored By: Genisys Credit Union on 8/22/2018

college kids moving into dormDid you play the Game of LIFE when you were a kid? Remember how fun it was to act grown up?  Every card you drew and every move you made would determine what your future would look like.

Unfortunately, in the real world, things like going to college aren’t as easy as drawing a card from a deck and instantly getting that advanced degree.  Now the Game of LIFE is real, and so is paying for college.

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No Credit Score? Now What?
Authored By: Genisys Credit Union on 8/15/2018

Group of friends on couch, looking confused

 

 

So, you don’t have a credit score.  Is that an issue? Have you done something wrong? What is the purpose of a credit score?

Why would I not have a credit score?

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7 Credit Union Myths Debunked
Authored By: Genisys Credit Union on 8/8/2018

group of young adults giving a thumbs up signWhat do you know about credit unions?  Is it possible what you think you know is not actually the truth?

Ever since President Franklin Roosevelt signed the Federal Credit Union Act into law in 1934, the credit union industry has been growing and evolving.  Even with over 100 million credit union members nationwide, there are still some common misconceptions about credit unions.

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Get By In an Emergency: Personal Loan or Credit Card?
Authored By: Genisys Credit Union on 8/1/2018

Young woman on couch frustrated with paying bills

Unexpected expenses, as their name indicates, can come out of nowhere...

•  Paid off the car, and now the check engine light comes on
•  Your air conditioner quits during the hottest summer on record 

These little headaches all have one thing in common: They're expensive.  Now, what?  How will you begin to pay for this? 

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July, 2018
How Much Home Can You Afford?
Authored By: Genisys Credit Union on 7/25/2018

Happy African American couple movng boxes into new home

Everyone can imagine their “dream home.” For some, it’s a bungalow with a white picket fence.  For others, it’s a sprawling mansion. 

It’s easy to dream.  But how do you determine if your ideal home is just a dream or if it’s your “reality home?”

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When Your Car Loan Outlives Your Car
Authored By: Genisys Credit Union on 7/18/2018

Man on cell phone in front of broken down carIt’s a tough situation. Many people need to borrow money to finance a car just to get to work. If you can afford a new car, your warranty should see you through the term of your loan on most major repairs. But what about those of us that buy a used car?

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6 Ways to Turn Your Dream Vacation into Reality
Authored By: Genisys Credit Union on 7/11/2018

Couple sitting on beach of white sandYou’re sipping a piña colada on a white-sandy beach while the turquoise waves lap at the shoreline. You might be zip lining through the jungles of Costa Rica, or browsing a charming shop in a European city filled with exotic culture and cuisine. 

Everyone has a dream vacation. For those with limited funds, the vision never gets a chance to become a reality. We’re here to help you change all that.  

 

Here are six ways to make your dream vacation happen.

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6 Tips to a Healthy Credit Card Relationship
Authored By: Genisys Credit Union on 7/4/2018

Young woman shopping with credit cardHaving a credit card is a virtual financial necessity these days.  You need a credit card to complete many transactions and purchases.  And a credit card can be an important part of developing a good credit score.

However, your relationship with your credit card must be a healthy one – a relationship where you are in control!  Here are six tips for maintaining a happy friendship with your credit card.

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June, 2018
How to Pay for a Costly Surprise
Authored By: Genisys Credit Union on 6/27/2018

Woman shocked by unexpected expenseSome surprises can be fun.  Others, not so much.  It would be an awesome surprise to learn that you won a new car with the raffle ticket you forgot you bought.  It’s a bummer surprise when the car’s “check engine” light results in a $500 repair when you can least afford it.

Finding out that the affordable house you’ve been eyeing has a swimming pool would be a pleasant surprise.  Waking up to find that your sump pump failed and there’s a pool forming in your basement is the kind of surprise we can all do without.

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Budgeting

7 Signs You're Living Beyond Your Means and How to Fix It
Authored By: Genisys Credit Union on 6/5/2019

Young guy watching money fly out of wallet

Do you have champagne taste on a beer budget? Or maybe a lender has told you that you’re over extended? Either way, it boils down to spending more money than you actually bring home throughout the year.

Here are some of the tell-tale signs of living beyond your means and what you can do it fix it.

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3 Expert Tips for Making the Most of Your Raise or Bonus
Authored By: Genisys Credit Union on 2/13/2019

Young woman excited about her pay raiseEveryone loves a good bonus or raise—and we understand why! That extra income not only helps you feel rewarded at work but it also just makes life a little bit easier.

This can be a real boon to your financial stability.  If you manage it right, you could look back a year from now and see how much better off you are with a little more budgetary breathing room. Or you can start spending more and  blow right through that extra money and more, leaving you worse off than you were before you got the raise. Which will you choose?

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4 Ways to Fund Your Holiday Shopping
Authored By: Genisys Credit Union on 12/5/2018

couple with holiday shopping bagsYou’ve made your gift list and checked it twice. But, now you have to pay for all this stuff! What's the best way to get through this expensive season?

Relax! You can keep your budget and your sanity, too! You can do it without having to dip into your savings or rack up a high-interest credit card bill that you'll be paying off well into 2019. Instead, learn about your choices so you can spend responsibly and keep your holiday cheer all through the season.

Read More »
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Tips to Fix Your Finances – No Envelopes Required
Authored By: Genisys Credit Union on 9/26/2018

Happy Couple holding a piggy bankYou’ve heard it from a million places:

•   Budget your money!
•   Make a firm plan and stick with it.  

Maybe you have inconsistent cash flow and you feel constricted by a budget.   Or the thought of keeping cash in separate envelopes takes too much planning and makes you feel like you can’t have a life. 

Read More »
Share: Share on Facebook Share on Twitter Share on Google+
How to Pay for a Costly Surprise
Authored By: Genisys Credit Union on 6/27/2018

Woman shocked by unexpected expenseSome surprises can be fun.  Others, not so much.  It would be an awesome surprise to learn that you won a new car with the raffle ticket you forgot you bought.  It’s a bummer surprise when the car’s “check engine” light results in a $500 repair when you can least afford it.

Finding out that the affordable house you’ve been eyeing has a swimming pool would be a pleasant surprise.  Waking up to find that your sump pump failed and there’s a pool forming in your basement is the kind of surprise we can all do without.

Read More »
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5 Smart Money Habits for Twenty-Somethings
Authored By: Genisys Credit Union on 2/14/2018

Young man sitting infront of his computer smilingAre you in your 20s and feeling a little broke?  You might be earning an entry-level salary while trying to pay off college debt.  You may be living with roommates, eating pasta and bagels, because it’s cheap.

Don’t worry, there is good news.  Your 20s are an ideal time to set yourself up for a solid financial future.  

Here are 5 good financial habits you can start with today.

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7 Resolutions for a Richer 2018
Authored By: Genisys Credit Union on 1/3/2018

couple getting financial adviceThe New Year is a great time of renewal. That makes it a good time to make bold, decisive changes in your life. Leave behind the baggage that was 2017 and start fresh with a blank slate in 2018.

If you’re looking for some resolutions to improve your personal finances, here are seven ways to make 2018 the year of the dollar!

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7 Tips When Dealing with a Financial Setback
Authored By: Genisys Credit Union on 12/27/2017

Woman frustrated looking at billsFinancial setbacks come in all shapes and sizes. There are the unexpected, but not terribly surprising household and car repairs. Some setbacks are more extreme, like getting a pay cut at work or a medical emergency that isn’t covered by insurance. A financial setback can also come in the form of good news that can cost you a bundle, like a wedding or the birth of a baby. 

Regardless of the size and scope, It’s impossible to plan for every financial hit you will take in your lifetime.

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Don't Splurge...Be Happy!
Authored By: Genisys Credit Union on 9/20/2017

Woman in supermarket with shopping listHave you fallen into the trap of thinking that money is the key to happiness?  Maybe it’s time to take a step back and look at life differently.

Deep inside, we all know that money cannot buy happiness. Yet, when we’re feeling a little down, many of us tend to self-administer a little “retail therapy,” leading to overspending and more debt than our income can support.

Here’s a different concept to consider – living frugally may make you happier than living lavishly.

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Bring Back the Brown Bag: Save Money on Lunch
Authored By: Genisys Credit Union on 8/30/2017

Woman with Brown bag lunchMove over, breakfast! Lunch is the new king: recent studies show that taking a lunch break helps productivity in the afternoon and avoids long-term burnout.

But lunch’s sudden popularity is having negative effects on your pocketbook.  Americans are spending enormous amounts each week on dining out for lunch. 

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Jump off of the Credit Card Merry-go-Round
Authored By: Genisys Credit Union on 8/2/2017

Man frustrated with credit cardsConsumer debt in the United States has totaled $3.4 trillion, with the average household maintaining a staggering $16,048 in credit card balances.  Often unexpected circumstances force people to use credit cards to finance their lifestyles.  This “strategy” could lead you to a significant level of debt and a low chance of repayment.

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When Your Budget Needs A Break: Skip-a-Payment
Authored By: Genisys Credit Union on 6/28/2017

Man looking at bills and frustrated with budgetThere are times throughout the year when you may feel a strain on your budget.  Summer can be one of those times as you start to pay for home maintenance, new clothes for the kids, and even just for fun. 

Is there a way to pay for these expenses without adding to the monthly debt payments you already have? 

There may be.

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3 Smart Money Steps to Start Out Right
Authored By: Genisys Credit Union on 6/21/2017

Young couple looking at financesWhat steps have you taken to better your chances of a successful life? 

  • Developed consistent habits like working out to keep yourself physically fit? 
  • Managed your reputation by associating with high character people?
  • Prepared for the long term and studied hard in your field to set yourself up for a great career?


These steps can all contribute to a happy and successful life, but find out how they apply to your financial happiness as well.

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Budgeting 101 - Quick Tips to Get Started
Authored By: Genisys Credit Union on 2/18/2016

Woman cutting up credit card

You’ve decided it’s time to stop fooling around and to start getting serious about managing your money.  Your first step is making a plan, otherwise known as a budget.  Where do you start?

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Car Buying & Auto Financing

9 Steps To Buying Your First Car
Authored By: Genisys Credit Union on 4/17/2019

Young woman holding keys in her new car

Congrats—you’re ready to purchase your first real car!

The process can be daunting when you don’t know what to expect, so let us walk you through the process. Follow our guidelines for a stress-free ride!

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3 Questions to Answer before Signing That Car Lease
Authored By: Genisys Credit Union on 3/6/2019

Man shaking hands with salesmanThe timing is right for a new car.  Your trusted friend has taken you everywhere for the last several years but is starting to wheeze, squeak, and sputter.

Right on cue, your eyes begin to wander to advertisements you never noticed before.

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New vs. Used Cars
Authored By: Genisys Credit Union on 1/9/2019

Young adult in car showroom looking at carsThe new year seems to bring goals and changes for lots of people.  Is this the year you change the vehicle you are driving? If Trusty Rusty is on his last legs you may need to spring for a new vehicle or buy a pre-owned one? 
 

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Buying Your First Car the Smart Way
Authored By: Genisys Credit Union on 11/7/2018

Young Guy in car holding keys

Buying a new car can be a scary process.  If it’s your first vehicle purchase, it can be even more frightening since it will probably be the largest purchase you have ever made.

How can you avoid the mistakes and buyers’ remorse that many first time buyers experience?  Here are a few tips.

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Tips for You to Avoid Flood Damaged Cars
Authored By: Genisys Credit Union on 10/10/2018

Man cleaning inside of a carIf there's one thing we can count on after a devastating super storm, it's that the used-car market is flooded with water-damaged cars.  If a used-car deal looks too good to be true, you should do more than kick the tires. 

An estimated 40,000 vehicles were damaged by flooding after Hurricane Florence on the east coast and disasters in other parts of the country add to this inventory of flood-damaged cars. Now with Hurricane Michael approaching the Florida coast, these numbers are sure to soar.

Learn what to look for and how these cars just might make it to your neighborhood.

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5 Things to Know Before you Visit the Auto Dealer
Authored By: Genisys Credit Union on 10/3/2018

Couple looking at new car
There’s nothing like a visit to the auto dealer. 

You feel an instant rush of excitement as you peruse those shiny new cars and the multiple options available. 

Zeroing in on a particular model, you decide which color goes best with your eyes.  Now you’re ready to get serious about arranging your purchase.

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When Your Car Loan Outlives Your Car
Authored By: Genisys Credit Union on 7/18/2018

Man on cell phone in front of broken down carIt’s a tough situation. Many people need to borrow money to finance a car just to get to work. If you can afford a new car, your warranty should see you through the term of your loan on most major repairs. But what about those of us that buy a used car?

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Think Before You Lease
Authored By: Genisys Credit Union on 4/25/2018

Young woman holding set of keys to new carYou have the urge.  You can already smell that new car smell.  It’s time to for something new! You hit the car lots and – pow! – you’re hit with sticker shock.

There has to be a way to get the new car you want.  Then someone whispers in your ear – LEASE!

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Answers to 5 Common Auto Financing Questions on 4/10/2018

Couple buying a new carGetting a new car is the best! There are multiple levels of excitement for your senses wrapped into the experience. 

The shine of chrome, the acceleration your old classic was lacking, sun and sound packages, and let’s not forget, that new car smell! Now you’re ready to get serious about arranging your purchase.

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Find the Best Used Car for Your Budget
Authored By: Genisys Credit Union on 3/7/2018

Young girl holding keys to new carHow would you describe shopping for a used car:
a) confusing
b) frustrating
c) downright scary or
d) absolutely all of the above

Before you start shopping, make sure you have done your research and determined that a used car is the best avenue for you.

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Should I Lease or Should I Loan?
Authored By: Genisys Credit Union on 10/3/2017

Young business man sitting in new carIt’s time.  You just can’t take it anymore.  It seems that once you have one thing on your car repaired, another thing goes wrong.  Perhaps it’s time for a new car.  

You have decided you want a new car, so you don’t have to revisit the repair shop anytime soon.  Not that Mike the Mechanic is a bad guy, but enough is enough!

You start shopping, and you’re instantly hit with a choice – should you lease or buy a car with an auto loan?  It can be a confusing decision.  Here are some questions you should answer before deciding.

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My Clunker Needs to Be Replaced - Now What?
Authored By: Genisys Credit Union on 7/26/2017

Frustrated woman sitting on hood of broken down carThe trusty ride that got you through high school, college, and into your new job is on its last leg.  The estimates from the mechanic are becoming overwhelming. 

Maybe it’s time for your first new car.  Before you pick out your shiny new car, here are the things you need to consider.

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Feeling Stuck In Your Car Loan? It Might Be Time To Shop Around
Authored By: Genisys Credit Union on 7/12/2017

Young woman in driver's seat of a car.

Bills are a lot like bad weather;
you can’t stop or change them. 

 

But that isn’t always the case for your auto loan.

 

You can make a big difference in your monthly budget with a little legwork.

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Should I Get Pre Approved For A Car Loan?
Authored By: Genisys Credit Union on 5/24/2017

Young man sitting in new car with keysShopping for a new car can be fun, exciting, and time-consuming.  Most people also spend time online researching the cost of vehicles and preparing themselves to get the best deal when it is time to negotiate. 

However, too many people skip one important step: ensuring they minimize the cost of financing a car.

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Auto Refinancing - The Benefits & Risks
Authored By: Genisys Credit Union on 4/26/2017

Young couple in a car looking towards backseatShould I refinance my auto loan? 
Is it worth my time?
Will it benefit me?

Refinancing an auto loan can be fast, easy, and painless but there can also be risks with refinancing an auto loan so before you refinance your loan ask yourself these questions:

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How Much Should You Spend On A Car?
Authored By: Genisys Credit Union on 1/11/2017

Girl and friends in a new car

In America, having a car is synonymous with having complete freedom—a car lets you go wherever you want, whenever you want.  If you can pay for it, that is.

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6 Steps to Buying Your First Car
Authored By: Genisys Credit Union on 10/26/2016

Young man driving car
Does it come in Red? 

When it comes time to search for your first car, it’s not as easy as picking the color.  There are several steps for this key financial decision.

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Should I Buy or Lease My Car?
Authored By: Genisys Credit Union on 9/6/2016

Woman holding keys to carLeasing vs Buying – this is something many car shoppers are unsure about.  While leasing provides the benefits of low monthly payments and the opportunity to obtain a new vehicle every couple of years, there are benefits to getting a car loan and buying. 

Below are a few tips you should consider when making the lease vs. buy decision.

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How to Find the Best Used Car
Authored By: Genisys Credit Union on 8/10/2016

Happy man driving new car

How would you describe shopping for a used car:
a) confusing
b) frustrating
c) downright scary or
d) absolutely all of the above

Read this guide to finding and purchasing the right car before stepping into the murk of a used car search.

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0% May Not Be the Deal You Think
Authored By: Genisys Credit Union on 7/5/2016

Woman driving new car
If you’re thinking about buying a new car, you know that the best time is rapidly approaching. The end of the model year means car prices on current year vehicles will never be lower.

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Is Your Car Made of Money?
Authored By: Genisys Credit Union on 2/24/2016

Woman looking our of car window
This is not a trick question, we promise.


Most people will insist that your car loses value as soon as it’s driven off the lot to the nearest fast food drive-thru just before carting the kids off to soccer practice.  There is truth in that.

However, it’s also true that there may be enough value in your car to help pay off a few credit card balances.

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College Financing

Federal Student Loan Relief is Possible on 1/2/2019

2 students sitting outside school with thumbs up

If you recently graduated from college, there’s a good chance you are carrying student loan debt.  Sources report that 60% of grads leave school owing on student loans.

With the average debt per student being $37,172 as of 2016, it’s also quite likely you may be having trouble making payments.  If that’s your situation, make sure you are aware of the options available for getting relief.

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Paying for College is No Game
Authored By: Genisys Credit Union on 8/22/2018

college kids moving into dormDid you play the Game of LIFE when you were a kid? Remember how fun it was to act grown up?  Every card you drew and every move you made would determine what your future would look like.

Unfortunately, in the real world, things like going to college aren’t as easy as drawing a card from a deck and instantly getting that advanced degree.  Now the Game of LIFE is real, and so is paying for college.

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60-Second Guide to College Savings Strategies
Authored By: Genisys Credit Union on 4/19/2017

Young girl in graduation cap in front of chalkboard

A college education can cost tens of thousands of dollars -- or more. However, there are ways to make your diploma dollars go farther.
 

You can get a head start in a single minute -- here's how!

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3 Biggest Money Mistakes College Students Make
Authored By: Genisys Credit Union on 3/8/2017

student on laptopThere is a weird dichotomy with college students. On the one hand, they are very creative with saving money. We’ve all hear stories of surviving on a food budget of $3 a day to living a whole semester rent-free by sleeping in a van and showering in the school gym.

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How to Be Smart About Student Loans
Authored By: Genisys Credit Union on 11/9/2016

Girl in front of ChalkboardThere is one thing you can start doing this year to take away a lot of stress in your 20s, and that is to minimize your student loan burden.

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5 Answers to Your Education Savings Questions
Authored By: Genisys Credit Union on 7/19/2016

Parents holding young boy

If you are raising children, you likely have one wish in common with many other families: for your kids to have the same opportunities you have had, if not better.  You also understand that education is a primary key to opportunity.

Here are five important questions you may have about funding your child’s education.

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I'm a College Grad -- Now What?
Authored By: Genisys Credit Union on 5/18/2016

Group of college graduates


You’ve completed your last paper, crammed for your final exam, and listened to one last boring lecture.  You’re now a college graduate.  Congratulations!  Now, what’s next?

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Credit Cards

Keep Your Credit Cards From Wrecking Your Credit
Authored By: Genisys Credit Union on 5/15/2019

Young man shopping with credit cardWhen you start working and paying your own bills, it doesn’t take long to realize that a credit card is a necessary financial tool.  You need a credit card to complete many transactions even if you don’t need to go into debt.  Plus, without a credit card, your credit score may not be as high as it can be. 

With these benefits of credit cards, it’s important to make sure your use of that plastic does not cause you harm.  Practice these good credit card health habits to be sure having a credit card does you more good than bad. 

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Get By In an Emergency: Personal Loan or Credit Card?
Authored By: Genisys Credit Union on 8/1/2018

Young woman on couch frustrated with paying bills

Unexpected expenses, as their name indicates, can come out of nowhere...

•  Paid off the car, and now the check engine light comes on
•  Your air conditioner quits during the hottest summer on record 

These little headaches all have one thing in common: They're expensive.  Now, what?  How will you begin to pay for this? 

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6 Tips to a Healthy Credit Card Relationship
Authored By: Genisys Credit Union on 7/4/2018

Young woman shopping with credit cardHaving a credit card is a virtual financial necessity these days.  You need a credit card to complete many transactions and purchases.  And a credit card can be an important part of developing a good credit score.

However, your relationship with your credit card must be a healthy one – a relationship where you are in control!  Here are six tips for maintaining a happy friendship with your credit card.

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Make the Nice List with Your Credit Card Use!
Authored By: Genisys Credit Union on 11/29/2017

Woman in santa hat holiday shopping with credit cardIt’s that time of year again.  With holiday spending season upon us, it’s time to broach an uncomfortable subject: how to pay for all that joy and goodwill.

The holidays can be an expensive time of year, and it’s tempting to turn to plastic to finance the whole thing.  In the spirit of the holidays, let’s look at some “naughty” and “nice” ways to use your credit cards.

Be sure to stay on the right list, or there may be coal in your stocking – and smudges on your credit report!

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Jump off of the Credit Card Merry-go-Round
Authored By: Genisys Credit Union on 8/2/2017

Man frustrated with credit cardsConsumer debt in the United States has totaled $3.4 trillion, with the average household maintaining a staggering $16,048 in credit card balances.  Often unexpected circumstances force people to use credit cards to finance their lifestyles.  This “strategy” could lead you to a significant level of debt and a low chance of repayment.

Read More »
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What to Expect When Your Credit Card is Compromised
Authored By: Genisys Credit Union on 2/27/2017

cyber ninjaYou have probably seen the past headlines. 

“94 million Cardholders Affected By Compromise of Credit Card Information.”

“40 Million Credit Card Records Accessed by Hackers in Breach of Merchant Systems.”

“Retailer Settles Claims Related to Breach of Customer Card Data.”

With the number of computer hackers working daily to access consumer data, it may be difficult to escape being part of a credit or debit card compromise.  When it happens, how are you affected and what can you expect?

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The Real Cost of Your Credit Card Balance
Authored By: Genisys Credit Union on 7/27/2016

Frustrated woman holding credit card

 

Do you find your credit card statement a confusing word salad?  With so many government regulations required on the statements, the only part of it that’s easy to understand is the “payment due”! 

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What is a Chip Card?
Authored By: Genisys Credit Union on 5/11/2016

Woman in grocery store line

Let’s clarify one thing – we are NOT talking about a card for a bag of Doritos.

If you’ve received a new debit or credit card recently, you may look at it and ask yourself, “What is that square blotch the size of my fingernail?”  Don’t worry, it’s not a printing error – it’s your new EMV or ‘Chip’ card.
 

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6 Ways to a Healthy Relationship with Your Credit Card
Authored By: Genisys Credit Union on 5/4/2016

Young woman holding credit card
Having a credit card is a virtual financial necessity these days.  You need a credit card to complete many transactions and purchases.  And a credit card can be an important part of developing a good credit score.

However, your relationship with your credit card must be a healthy one – a relationship where you are in control!  Here are six tips for maintaining a happy friendship with your credit card.

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Credit Management

7 Signs You're Living Beyond Your Means and How to Fix It
Authored By: Genisys Credit Union on 6/5/2019

Young guy watching money fly out of wallet

Do you have champagne taste on a beer budget? Or maybe a lender has told you that you’re over extended? Either way, it boils down to spending more money than you actually bring home throughout the year.

Here are some of the tell-tale signs of living beyond your means and what you can do it fix it.

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Secured vs. Unsecured Loans - Which Is Right For Me?
Authored By: Genisys Credit Union on 5/29/2019

Man frustrated while looking at financesLife comes at you fast. One day your finances are in order, and then, just after you paid for your dream vacation, your car breaks down, you receive a hospital bill you weren’t expecting, and your refrigerator quits working.

Situations like this happen all too often, and instead of credit cards, unsecured personal loans and lines of credit can come in handy. But how are they different than a secured loan?

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Keep Your Credit Cards From Wrecking Your Credit
Authored By: Genisys Credit Union on 5/15/2019

Young man shopping with credit cardWhen you start working and paying your own bills, it doesn’t take long to realize that a credit card is a necessary financial tool.  You need a credit card to complete many transactions even if you don’t need to go into debt.  Plus, without a credit card, your credit score may not be as high as it can be. 

With these benefits of credit cards, it’s important to make sure your use of that plastic does not cause you harm.  Practice these good credit card health habits to be sure having a credit card does you more good than bad. 

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Why is My Credit Score so Low?
Authored By: Genisys Credit Union on 3/20/2019

Surprised man looking at credit reportYou have obsessed over paying your bills on time and have never been late on a payment.

However, when you apply for credit, you find that your credit score is good, but not excellent. 

What's that all about?

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A Credit Building Guide for College Students
Authored By: Genisys Credit Union on 2/27/2019

young female college student with backpackEstablishing credit while you're in college can help make the transition into post-graduation life much easier.

Good credit can help you qualify for lower interest rates on a student loan refinance, pass an employment background check or get approved for an apartment lease. But when it comes to building credit, students' options may be limited due to your age and the length of your credit history. The ironic thing is, the key to building credit is that you have to show you can put yourself into debt and then get out of it.

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10 Warning Signs of Too Much Debt and What You Can Do
Authored By: Genisys Credit Union on 1/30/2019

Young man looking frustrated with bills in hand

If you have debt, understand that you are not alone. It’s ok to use credit to make purchases — such as a home, furniture, or even a college education — but remember, there is a cost associated with that in the form of interest.

Interest rates and repayment terms will vary, but debt balances can quickly start to get out of hand without good budgeting and spending decisions. How do you know when your debt is too much and you’re headed for trouble?  

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The 6 Do's and Don'ts of Credit Repair
Authored By: Genisys Credit Union on 12/26/2018

Frustrated couple sitting at table looking at bills

If you’ve recently been rejected from a credit application of any kind, you may be looking at a poor credit score for any number of reasons. You may have been late with your credit card payments, have an outstanding judgment against you or have even been defrauded or victimized by identity theft.

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Getting To Know Your Credit Score
Authored By: Genisys Credit Union on 10/31/2018

Young Man learning on laptop

Your credit score is more than just a number and we’ve all heard it has a huge impact on our overall financial well-being.  What makes up a good credit score and how does it really effect the cost of things in the future? It’s really not as confusing as it may seem.  

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Tips to Fix Your Finances – No Envelopes Required
Authored By: Genisys Credit Union on 9/26/2018

Happy Couple holding a piggy bankYou’ve heard it from a million places:

•   Budget your money!
•   Make a firm plan and stick with it.  

Maybe you have inconsistent cash flow and you feel constricted by a budget.   Or the thought of keeping cash in separate envelopes takes too much planning and makes you feel like you can’t have a life. 

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No Credit Score? Now What?
Authored By: Genisys Credit Union on 8/15/2018

Group of friends on couch, looking confused

 

 

So, you don’t have a credit score.  Is that an issue? Have you done something wrong? What is the purpose of a credit score?

Why would I not have a credit score?

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How Much Debt Is Too Much?
Authored By: Genisys Credit Union on 5/9/2018

Couple sitting at table frustrated with paying billsDebt is not necessarily a bad thing -- unless you have too much of it. An overload of debt can ruin your financial happiness for years or even decades.

Since the Great Recession that began in 2008, Americans have built up a worrying amount of debt. Recent household debt balances have reached $13.15 trillion, which is now higher than the previous peak debt load in 2008.

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4 Not-So-Obvious Reasons Your Credit Score Is Low
Authored By: Genisys Credit Union on 4/4/2018

Young guy holding eyeglasses with shocked expressionConsumers are increasingly aware of the importance of monitoring their credit.  Perhaps you’re one who has used various services to protect yourself from unauthorized use of your good credit.  

If you have looked into your credit and have been surprised that your credit score isn’t as high as you think it should be, you’re not alone.

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8 Steps to Improving Your Credit Score
Authored By: Genisys Credit Union on 11/8/2017

Young man sitting at a table smiling at the cameraYour credit score has a huge impact on your overall financial well-being.   A good score will help you to buy a new car, purchase your first home, or even take travel vacations.

However, without a good credit score, you will be saddled with high-interest rates or unable to obtain any credit at all.

Thankfully there are easy ways to improve your credit score.

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How to Build Credit the Right Way
Authored By: Genisys Credit Union on 9/6/2017

Young man paying billsWhen you’re just starting to make your way in life, it doesn’t take long to realize that credit is going to be necessary to financial survival. 

However, when you apply for credit, you may find that it’s hard to get approved if you don’t already have a credit history, leaving you wondering how to start building credit.

Check out these four options that may be your best way to build credit.

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Improve Your Credit Score in 7 Steps
Authored By: Genisys Credit Union on 8/23/2017

happy people who understand their credit scores

Understanding your credit score can be confusing.  Knowing how to make your score better can also be hard to comprehend, and frustrating. 

Still, it’s important to try to make your score the highest it can be.  Follow these easy tips to start improving your credit score:

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Protecting Your Credit After A Missed Car Payment
Authored By: Genisys Credit Union on 12/28/2016

Frustrated man looking at his financesYou did not plan on it.  In fact, you worked to prevent yourself from ever being in this position.  One thing happened after another, and now you find that you may not be able to make your car payment.  What should you do?

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Good vs. Bad Debt - What You Need To Know
Authored By: Genisys Credit Union on 12/21/2016

Young woman frustrated with her financesFor many young adults, their first experience with debt comes when they need to consider loans to finance their education.

  • It is more expensive than ever to pay tuition. 
  • Textbook costs are eye-popping. 
  • Minimum-wage jobs that many students hold don’t provide enough income to meet expenses like they once did.

Young adults face the realities of debt much earlier than people did in the past.  Understand the difference between good debt and bad debt before taking on too much debt.

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How Will My Credit Impact My Mortgage Application?
Authored By: Genisys Credit Union on 8/31/2016

Young man inside new home

 

Every potential homebuyer dreams of the day they’ll finally get the symbol of independence, security and prosperity: the key to the front door of their new home.  Before you get that key, there’s another key you need to master -- your credit score. 


The most influential factor of your mortgage interest rate is your credit score. 

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What Should I Look For In My Credit Report?
Authored By: Genisys Credit Union on 8/17/2016

Girl looking at computer

 

The lazy days of summer are here, and now is a great time to get a copy of your credit report and go over it with a fine-toothed comb.

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The Real Cost of Your Credit Card Balance
Authored By: Genisys Credit Union on 7/27/2016

Frustrated woman holding credit card

 

Do you find your credit card statement a confusing word salad?  With so many government regulations required on the statements, the only part of it that’s easy to understand is the “payment due”! 

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Financial Planning

The Importance of Beneficiaries on Your Accounts
Authored By: Genisys Credit Union on 6/19/2019

Couple with daughter looking at accounts on laptop

It’s a tough topic and conversation to have, but deciding on who will handle your affairs and assets if you pass away is so important regardless of what financial position you are currently in.

Wills and trusts are an important piece, but an additional, simple step is to designate beneficiaries.

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The Early Retirement Costs You May Not Be Considering
Authored By: Genisys Credit Union on 12/19/2018

Couple on beach watchin sunsetRetiring early is the dream. You get to spend more time with your family and enjoy your hobbies while you’re healthy enough to do so. You can say goodbye to the workday world and begin your permanent vacation.

Maybe it’s less of a dream and more of a necessity. Maybe health problems, like chronic pain or arthritis, are forcing you to consider giving up your career before age 65. Perhaps your children need you to help with caring for your grandchildren.

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A 25-Year-Old's Plan for Retirement
Authored By: Genisys Credit Union on 9/12/2018

Young woman saving money with piggy bank

Retirement?!  That’s so decades away!  But over and over, you hear it said, “Start planning today!”

Here’s a two-step approach to help you learn how to develop a savings plan and accumulate a substantial retirement fund.

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What is a 401(k) Plan and Why Do I Need One?
Authored By: Genisys Credit Union on 1/31/2018

Young woman leaning against wall

Any sensible retirement planning strategy starts with a target number.  This number is how much you need to have saved for living comfortably and independently throughout your retirement.

A good rule of thumb is to take your current living expenses and multiply that by 400. That’s how much you’d need to have to sustain yourself on a 4% return.

That looks like a wildly intimidating number. You might be thinking to yourself that there’s no way you could possibly save that much out of your paycheck. The good news is it doesn’t all have to come from one place.

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Rising Interest Rates: What Do They Mean For You?
Authored By: Genisys Credit Union on 6/14/2017

Womna thinking about moneyIf you read financial headlines, you’ve no doubt seen the news that the Federal Reserve has and may continue to raise interest rates.

These headlines can be accompanied with all sorts of hyperbole about the end of the stock market, or a dozen other predictions.

 

It’s easy to get overwhelmed when there’s so much conflicting information...find out what you may want to focus on.

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Financial Planning For the New Parent
Authored By: Genisys Credit Union on 2/15/2017

Couple with New Baby

The first few months after you bring your baby home is an exciting time that can also be a bit stressful.  It’s easy to get caught up in sleepless nights, organic baby food and reading every book you can find.

Sometimes parents forget an obvious priority: teaching and helping your child to save money as they grow up.

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Investing Lessons: Fantasy Football Style
Authored By: Genisys Credit Union on 1/25/2017

Group of friends wearing football jerseys

 

The big game is here, and while we may not be able to agree on the toppings for the halftime pizza, we can agree that we’re watching the game.  Unfortunately, we don’t have the same fanatical devotion to our finances, which are often confusing. Do you wish selecting the right investment mix was as easy as picking your fantasy football team?

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Is Borrowing Against Your 401(k) a Good Idea?
Authored By: Genisys Credit Union on 1/18/2017

Woman thinking about her 401k One of the perks that often comes with employment is a 401(k).  These tax-deferred retirement packages are the principal retirement vehicle for just over half of all people in the United States.

One feature you may not realize about 401(k) funds is that you may be able to borrow against the balance of the account. 

If you can, does that mean you should? 

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5 Financial New Year’s Resolutions To Kick-Start 2017
Authored By: Genisys Credit Union on 1/4/2017

New Year's Resolution imageGet more exercise.
Lose weight.
Quit smoking
.

These are the bold boasts of New Year’s resolutions. Folks commit themselves to radically changing their lives at the start of the calendar year.  About 45% of people make New Year’s resolutions in the average year, and most have to do with health.


But the same line of thinking can be taken in the context of your financial health. Let’s look at some of the most often made New Year’s resolutions and how to translate them into personal finance resolutions – and how to stick to them!

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Estate Planning: Not Just for the Rich and Famous
Authored By: Genisys Credit Union on 5/25/2016

Family sitting on couch

Prince’s recent death shook many people.  Soon after, we were surprised again by the revelation that there was no will to distribute the artists’ vast amount of wealth and assets. 

While you may not be as wealthy as Prince, you probably still have a need for estate planning. 

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Tips to Rebuild Savings After A Crisis
Authored By: Genisys Credit Union on 3/23/2016

Couple looking at bills

You did everything you were supposed to.  You saved long and hard to develop an emergency fund that financial experts tell you to keep.  Then the unexpected occurred.

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Holiday & Special Events

Helpful Tips to Avoid Seasonal Hazards
Authored By: Genisys Credit Union on 12/12/2018

Holiday display with burning candles

 

The holiday season is supposed to be a time for relaxing and celebrating with friends and family. Sorry to be a Grinch, but the most wonderful time of the year can also prove hazardous to your health and safety. As temperatures drop and holiday activities pick up speed be sure to keep your family and property as safe as possible. Here’s what to keep in mind.

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4 Ways to Fund Your Holiday Shopping
Authored By: Genisys Credit Union on 12/5/2018

couple with holiday shopping bagsYou’ve made your gift list and checked it twice. But, now you have to pay for all this stuff! What's the best way to get through this expensive season?

Relax! You can keep your budget and your sanity, too! You can do it without having to dip into your savings or rack up a high-interest credit card bill that you'll be paying off well into 2019. Instead, learn about your choices so you can spend responsibly and keep your holiday cheer all through the season.

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5 Black Friday Scams to Avoid
Authored By: Genisys Credit Union on 11/14/2018

2 young woman with shopping bagsBlack Friday and Cyber Monday can be great fun – but they can also put you at great risk… and we aren’t talking about the WrestleMania scene in the Electronics Department! Scams are plentiful on this weekend that officially marks the start of the holiday shopping season, and you don’t want a phishing scheme or a bogus bargain to turn you into the rotten Mister Grinch! 

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6 Ways to Turn Your Dream Vacation into Reality
Authored By: Genisys Credit Union on 7/11/2018

Couple sitting on beach of white sandYou’re sipping a piña colada on a white-sandy beach while the turquoise waves lap at the shoreline. You might be zip lining through the jungles of Costa Rica, or browsing a charming shop in a European city filled with exotic culture and cuisine. 

Everyone has a dream vacation. For those with limited funds, the vision never gets a chance to become a reality. We’re here to help you change all that.  

 

Here are six ways to make your dream vacation happen.

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Getting You Through the Winter Blues
Authored By: Genisys Credit Union on 2/7/2018

Happy girl looking out the window at snowWinter brings cozy fires, happy holidays and fun sports like ice skating and skiing. It can also bring some things that are less welcome. With sunshine being scarce, many people get the winter blues.

This depressed state is often made worse by the financial realities of winter, which include higher energy costs and money spent on holiday festivities.  Here are some ways to get proactive and beat the blues before they start.

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12 Identity Protection Tips for the Holidays
Authored By: Genisys Credit Union on 11/15/2017

Woman with stressed look with holiday shopping bagsTis the season for a spike in identity theft.  As consumers step up their online shopping leading up to the holidays, it’s a prime time of the year for identity theft.  While you are busy snagging hot deals on Black Friday and Cyber Monday, thieves are phishing for your information.

Don’t let an identity thief take the jingle out of your holiday. Follow these 12 tips to keep your financial information secure during the holiday season.

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It Costs How Much To Get Married!?
Authored By: Genisys Credit Union on 4/5/2017

Bride and Groom at Wedding reception
Summer is just around the corner, and that means peak wedding season is too.

According to a new report by a leading wedding magazine, The Knot, the average American wedding cost has tipped the $35,000 mark. That's more than half of the yearly median income!

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Watch Out for the 12 Scams of Christmas
Authored By: Genisys Credit Union on 11/30/2016

Dog with Christmas Hat

 

The holidays are a time of family togetherness and celebration. Scammers know you’re distracted, busy, and emotional. That’s why their schemes typically get a new twist around Christmas time.

Let’s look at 12 scams of Christmas, otherwise, you might be footing the bill for twelve drummers drumming and all the rest!

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It’s Almost Halloween, So Let’s Talk Christmas Shopping!
Authored By: Genisys Credit Union on 10/3/2016

Couple shopping in mall

Football has begun, the leaves are changing, and the kids are back in school.  Clearly, it’s time to start thinking about Christmas.


Some of you are reading this on your phone while waiting in line at Starbucks to buy your first Pumpkin Spice Latte of the season, but it’s time to start thinking of peppermint mochas instead.  

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Home Buying & Home Loans

Should I Refinance My Home Mortgage?
Authored By: Genisys Credit Union on 6/12/2019

Happy Couple relaxing in their houseBuying your first home is exciting. The experience can also be a bit confusing when obtaining your home financing. While it may seem that the decisions about financing end at the mortgage closing, that’s not necessarily the best tactic for your finances.

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7 Reasons Not To Skip a Home Inspection
Authored By: Genisys Credit Union on 4/24/2019

Man holding magnifying glass over model of a  home

Shopping for a new home can be an exciting blur of listings, neighborhood scouting and open houses. There’s so much to consider! You want a house in the perfect neighborhood with that gorgeous kitchen and great yard, all within your budget.

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Ready to Buy a House? Don't Forget This 1st Step!
Authored By: Genisys Credit Union on 3/27/2019

A couple standing in front of their new houseYou’re ready to purchase a home. You have a steady job, some savings for a down payment, but you aren’t sure what to do next.


Pre-qualification is typically the first step in the home buying process.

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What's the Best Way to Finance a Home Renovation?
Authored By: Genisys Credit Union on 2/20/2019

Young Couple looking at piggybank

If cabin fever has you looking closer at your home and wishing things were different, maybe this can be the year you take on a renovation project.  Whether you’re gutting your entire kitchen or turning your basement into a home theater, you have several choices when it comes to funding a home renovation, but which one makes the most sense?

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20% Down Home Buying Myth
Authored By: Genisys Credit Union on 1/16/2019

Couple standing outside looking towards their new house

Owning a Home -- for a lot of people that is the all American Dream.  If that's your dream, you are likely saving up, dollar by hard-earned dollar, until you have that magic number: 20% of your dream home's total value.

That's what all the experts say, right?

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Why is a Mortgage Good Debt to Have?
Authored By: Genisys Credit Union on 11/28/2018

Young couple holding keys to new houseEvery corner of the personal finance world stresses the same point: Debt is the wealth killer.
Debt is the single greatest threat to your retirement planning, college savings, and financial independence.

Except, as it turns out, there is one kind of debt that defies all of these rules: MORTGAGES.

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4 Expenses That Surprise First-Time Homebuyers
Authored By: Genisys Credit Union on 10/17/2018

Couple looking at bills surprised

The American dream of owning a house still seems to be something younger people want and are actively pursuing.  Many Millennials are confident they’ll achieve the American Dream of owning a home, yet more than half don’t have a plan to get there.   

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What Do Rising Mortgage Rates Mean for Me?
Authored By: Genisys Credit Union on 8/29/2018

Couple sitting in front of moving boxesThe newscaster reports, “The Federal Reserve has raised the discount rate another .25% and experts expect another two increases this year,” leaving you wondering what this means to you. If you’re thinking about buying a new home, it means a lot to you because mortgage interest rates will likely also rise.

The good news about rate increases is that they usually result from optimism about the economy.  The bad news is that increased rates mean it’s becoming more expensive to buy things on credit, especially your home.

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How Much Home Can You Afford?
Authored By: Genisys Credit Union on 7/25/2018

Happy African American couple movng boxes into new home

Everyone can imagine their “dream home.” For some, it’s a bungalow with a white picket fence.  For others, it’s a sprawling mansion. 

It’s easy to dream.  But how do you determine if your ideal home is just a dream or if it’s your “reality home?”

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7 Ways to Save on Home Renovations
Authored By: Genisys Credit Union on 6/6/2018

Couple fixing up kitchen

Is your kitchen feeling reminiscent of The Golden Girls famed cheesecake eating spot? Does your bathroom feature a 20 gallon per flush commode?


With the warmer weather here, many homeowners are thinking of making minor and major household improvements. And for most, the cost will be exorbitant: The average kitchen remodel tops $20,000 and a bathroom overhaul can run $8,000.

No worries! With some careful planning and smart choices, you can shave thousands off the cost of renovations.

Here are 7 terrific ways to save when remodeling.

Read More »
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15 Tricks To Sell Your Home Quickly
Authored By: Genisys Credit Union on 4/18/2018

Young couple sitting next to moving boxesSpring is in the air -- or at least it should be!  And aside from the hum of lawnmowers, newly bloomed flowers and the chime of the ice cream truck, spring means the chance at a fresh start in a fresh, new home.

If you're looking to sell your home and start over somewhere else, you likely want to see that sale happen as quickly as possible. After all, it isn't easy to be paying two mortgages at once! You might also be counting on the proceeds of the sale to help make a down payment on your new home.

Read on for 15 fantastic tricks to get your home into the hands of its new owners as swiftly as possible.

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Choosing an Equity Loan In a Rising Rates Environment
Authored By: Genisys Credit Union on 2/21/2018

Couple paiting inside of houseAre you looking to take out a loan against your home’s equity, but noticed that interest rates are starting to slowly climb?

With rising rates, borrowing against the equity of one’s home will likely become a popular choice.  People will choose to fund home renovations and other high-priced needs with their equity instead of moving to a new home with a mortgage that has higher interest rates.

There is more than one option to accessing your home’s equity, make sure you know what impact rising rates will have on your choice.

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3 Assumptions a First Time Home Buyer Should Question
Authored By: Genisys Credit Union on 10/25/2017

Young Couple in front of their new house.The idea of purchasing your first home can be daunting.  You get advice from everywhere – your friends, parents, realtors, loan officers, and others.  Much of that information will be valuable.  You should, however, also remember that any advice you receive comes through the filter of the person giving it.  What is best for them, may not be best for you.

There are three common assumptions people have about home financing.  When you get serious about buying your first home, it’s best that you don’t accept these assumptions at face value.  Take the time to learn if they really apply to you.

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How Much Will Your Mortgage Really Cost?
Authored By: Genisys Credit Union on 7/19/2017

Happy couple with new house keysMortgages can be complicated transactions.  If you’re buying a house, you get wrapped up in negotiating a purchase price and determining the home’s actual value.  If you’re refinancing, you are very focused on the interest rate.

Looking at only a few factors in a mortgage can result in some ugly surprises when you get to the closing table. 

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Rising Interest Rates: What Do They Mean For You?
Authored By: Genisys Credit Union on 6/14/2017

Womna thinking about moneyIf you read financial headlines, you’ve no doubt seen the news that the Federal Reserve has and may continue to raise interest rates.

These headlines can be accompanied with all sorts of hyperbole about the end of the stock market, or a dozen other predictions.

 

It’s easy to get overwhelmed when there’s so much conflicting information...find out what you may want to focus on.

Read More »
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How a Bridge Loan Can Help you Buy a House
Authored By: Genisys Credit Union on 6/7/2017

Copule packing house boxes to move
Buying your second home is nothing like buying your first. This time around, you have the experience of being a homeowner.

 

You know what to expect throughout the process, and now you’re probably counting on proceeds from the sale of your first home to help cover the down payment and the closing costs of your new home.

 

What happens if selling that home is taking a bit longer than you anticipated?

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Using Your Home Equity To Pay For Emergencies
Authored By: Genisys Credit Union on 5/3/2017

Young Lady holding a piggy bank and toy houseIf you’re a homeowner, you probably already know that emergencies happen at the least convenient times.

As difficult as it can be to get the fixes you need when you need them, finding the money to pay for them can be a similar challenge.

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Smart Moves for Using a Home's Equity
Authored By: Genisys Credit Union on 3/15/2017

woman standing in front of new homeAs home prices continue to rebound from the recession, home equity loans are becoming sources of extra cash for a growing number of homeowners.

But tapping the value of your home is something that should be done cautiously and for a very few number of reasons.

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New Homeowners: Watch Out for the Forgotten Expenses
Authored By: Genisys Credit Union on 12/14/2016

Young Couple moving into a new houseBuying your first home is a major milestone. There's nothing quite like the giddy rush that comes from knowing you could paint a wall fluorescent pink and no one could legally stop you.

Since you've just come up with a down payment, you might think your biggest hurdle of financial responsibility is over. However, that's not the case.

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Mortgage Pre-Qualification vs. Pre-Approval
Authored By: Genisys Credit Union on 10/1/2016

Couple standing in front of home

 

You’re ready to purchase your first home.  You have a steady job, some savings for a down payment, but you aren’t sure what to do next.

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How Will My Credit Impact My Mortgage Application?
Authored By: Genisys Credit Union on 8/31/2016

Young man inside new home

 

Every potential homebuyer dreams of the day they’ll finally get the symbol of independence, security and prosperity: the key to the front door of their new home.  Before you get that key, there’s another key you need to master -- your credit score. 


The most influential factor of your mortgage interest rate is your credit score. 

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Is a 30 Year Mortgage a Bad Idea?
Authored By: Genisys Credit Union on 8/3/2016

Couple next to sold sign

 

The 30-year fixed rate mortgage has been the standard for American home financing for a long time.  It is so standard that many homebuyers don’t even consider other alternatives. 

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Finance a Home with Little Money Down
Authored By: Genisys Credit Union on 4/27/2016

Excited couple in front of new homeFor most first-time home buyers, coming up with funds for a down payment is the biggest obstacle to homeownership.  You have your regular monthly expenses.  You’re trying to maintain or save for an emergency fund.  Then there’s looking ahead to retirement and perhaps college tuition.  Amassing thousands for a down payment may seem impossible.

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Insurance

Insurance coverage 101. How much is too much?
Authored By: Genisys Credit Union on 2/28/2018

Young Man with confused look on face

Do you feel like you pay too much for insurance?  Most people would say yes.

There is another aspect to the cost of insurance that most people don’t consider, which is the amount of insurance that you are carrying for your home, automobiles and family security.  

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6 Common Life Insurance Myths Debunked
Authored By: Genisys Credit Union on 11/1/2017

Couple reading iPad looking confusedLife Insurance seems like a boring, unnecessary item to pay for.  It’s something you can buy later in life, it’s too expensive --the excuses to avoid it are valid, right?

Don’t be fooled! Read on to see how six of the most common life insurance myths are easily debunked.

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How to Make Sure Your Car is FULLY Insured
Authored By: Genisys Credit Union on 3/29/2017

happy guy in carWorking hard to save up money for your first car purchase is quite a feat but if you don’t have the right insurance to protect your investment, you may end up losing money if something happens to your car.

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Miscellaneous

A New Year's Resolution for Identity Protection
Authored By: Genisys Credit Union on 1/23/2019

YOung Guy working on computer with words coming out of his headNew Year’s Eve is always a worldwide celebration.  In the U.S., people watch the ball drop in Times Square in New York City. Canadians embrace the winter with ice fishing and polar bear swims. Revelers swing flaming fireballs at Hogmanay in Scotland and the Danes smash china for good luck.

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Helpful Tips to Avoid Seasonal Hazards
Authored By: Genisys Credit Union on 12/12/2018

Holiday display with burning candles

 

The holiday season is supposed to be a time for relaxing and celebrating with friends and family. Sorry to be a Grinch, but the most wonderful time of the year can also prove hazardous to your health and safety. As temperatures drop and holiday activities pick up speed be sure to keep your family and property as safe as possible. Here’s what to keep in mind.

Read More »
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Love Your Home - Even in Winter
Authored By: Genisys Credit Union on 11/21/2018

Mom and daughter looking out window at snow

 

Home ownership can be rewarding and enjoyable. Relaxing in your yard looking at a freshly cut lawn brings a certain satisfaction you don’t feel as a renter. But, eventually summer turns to fall, and fall turns to winter. Problems start to arise, and home ownership doesn’t feel quite the same.

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7 Credit Union Myths Debunked
Authored By: Genisys Credit Union on 8/8/2018

group of young adults giving a thumbs up signWhat do you know about credit unions?  Is it possible what you think you know is not actually the truth?

Ever since President Franklin Roosevelt signed the Federal Credit Union Act into law in 1934, the credit union industry has been growing and evolving.  Even with over 100 million credit union members nationwide, there are still some common misconceptions about credit unions.

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The Dos and Don'ts of Keeping Financial Records
Authored By: Genisys Credit Union on 6/13/2018

Woman thinking about how to organize her financial recordsWhen you think of spring cleaning most thoughts go to outside windows, closets, flower beds and more. 

Now that spring has come and gone are you still avoiding the 'cleaning' of your financial records simply because you aren't sure what is safe to throw out?

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7 Ways to Save on Home Renovations
Authored By: Genisys Credit Union on 6/6/2018

Couple fixing up kitchen

Is your kitchen feeling reminiscent of The Golden Girls famed cheesecake eating spot? Does your bathroom feature a 20 gallon per flush commode?


With the warmer weather here, many homeowners are thinking of making minor and major household improvements. And for most, the cost will be exorbitant: The average kitchen remodel tops $20,000 and a bathroom overhaul can run $8,000.

No worries! With some careful planning and smart choices, you can shave thousands off the cost of renovations.

Here are 7 terrific ways to save when remodeling.

Read More »
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4 Ways to Avoid ATM Fees
Authored By: Genisys Credit Union on 5/16/2018

Young man using the ATM

Using an ATM that’s not run by your bank or credit union will now cost you about as much as a latte at Starbucks.  Not a regular at Starbucks?  

Then imagine if each time you wanted to take a $20 bill out of your wallet, you had to put a $5 bill through a paper shredder.

 

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What You Don't Know CAN Hurt You
Authored By: Genisys Credit Union on 5/2/2018

Young Man frowing with a thumbs downRemember when you got that first paycheck?  You couldn’t wait to see how much cash you received.  In fact, you probably had that amount memorized pretty quickly.

It is essential to know exactly how much you will be earning so you can manage your spending in line with your income.  But there are other numbers that are important for you to know to avoid making financial mistakes. Here are a few that can help you establish a strong money foundation.

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Getting You Through the Winter Blues
Authored By: Genisys Credit Union on 2/7/2018

Happy girl looking out the window at snowWinter brings cozy fires, happy holidays and fun sports like ice skating and skiing. It can also bring some things that are less welcome. With sunshine being scarce, many people get the winter blues.

This depressed state is often made worse by the financial realities of winter, which include higher energy costs and money spent on holiday festivities.  Here are some ways to get proactive and beat the blues before they start.

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FOMO: Do You Live For Now Or For The Future?
Authored By: Genisys Credit Union on 12/20/2017

Group of friends out on the townDo you suffer from FOMO? It’s a generational phenomenon and for those not in the know, FOMO is an acronym that stands for Fear Of Missing Out.

How much influence does this fear have on you?  Do you prefer to invest in experiences instead of things?  Recent studies found seventy percent of people cited FOMO by name as a motivator for their financial decisions. But seeking out adventures, rather than investing in your future, has consequences.

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Best Times To Buy in 2018
Authored By: Genisys Credit Union on 12/6/2017

Man buying new outdoor equipment

 

When you’re mulling over a major purchase, the right price can often tip the scales.

If you’re patient,  willing to research, and time your buys just right, you can save quite a bit of green.

Here are the best things to buy during each month throughout the year!

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Not Reading the Fine Print Can Cost You
Authored By: Genisys Credit Union on 5/10/2017

Woman analyzing fine print of a contractHave you ever signed a document without reading or understanding everything you were signing? 

Most people would answer yes. 

This can cost you more money than you thought you agreed to. 

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Your Furnace Went Out - Now What?
Authored By: Genisys Credit Union on 2/8/2017

Woman with Frozen FaceA chill in the air can be invigorating, but not when it is in your house.  That indoor cold wave is usually the result of a broken down furnace. 

Without much savings on hand, what do you do?  Start chopping wood? 

Don’t get that ax out yet.  First, consider these home repair loan options.

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10 Credit Union Member Benefits
Authored By: Genisys Credit Union on 11/16/2016

Group of happy people

You may already know the many benefits of Genisys Credit Union membership like low rates on loans, free checking, and convenient mobile and online banking services.  But there are some you may be missing out on.

Here are just ten of the many perks available to you as a Genisys member.

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Will that Be: Cash, Credit or Mobile?
Authored By: Genisys Credit Union on 9/28/2016

Person paying with mobile phone


Our phones are our lifelines to everything we do.  We take pictures with them; call and text message friends and family, and of course, stay connected to our social media. 

So why not use them for mobile payments too?

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4 Ways to Avoid ATM Fees
Authored By: Genisys Credit Union on 8/23/2016

Young woman using ATM

Using an ATM that’s not run by your bank or credit union will now cost you about as much as a latte at Starbucks.  Not a regular at Starbucks?  

Then imagine if each time you wanted to take a $20 bill out of your wallet, you had to put a $5 bill through a paper shredder.

 

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Money Management

Secured vs. Unsecured Loans - Which Is Right For Me?
Authored By: Genisys Credit Union on 5/29/2019

Man frustrated while looking at financesLife comes at you fast. One day your finances are in order, and then, just after you paid for your dream vacation, your car breaks down, you receive a hospital bill you weren’t expecting, and your refrigerator quits working.

Situations like this happen all too often, and instead of credit cards, unsecured personal loans and lines of credit can come in handy. But how are they different than a secured loan?

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3 Expert Tips for Making the Most of Your Raise or Bonus
Authored By: Genisys Credit Union on 2/13/2019

Young woman excited about her pay raiseEveryone loves a good bonus or raise—and we understand why! That extra income not only helps you feel rewarded at work but it also just makes life a little bit easier.

This can be a real boon to your financial stability.  If you manage it right, you could look back a year from now and see how much better off you are with a little more budgetary breathing room. Or you can start spending more and  blow right through that extra money and more, leaving you worse off than you were before you got the raise. Which will you choose?

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6 Bad Attitudes about Money & How to Fix Them
Authored By: Genisys Credit Union on 9/5/2018

Frustrated man holding a stack of money

Do you ever find yourself having a bad attitude when it comes to the topic of money?  Many people do.

Check out these common negative thoughts about money and consider how you can give your money attitude a shakeup!  

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Get By In an Emergency: Personal Loan or Credit Card?
Authored By: Genisys Credit Union on 8/1/2018

Young woman on couch frustrated with paying bills

Unexpected expenses, as their name indicates, can come out of nowhere...

•  Paid off the car, and now the check engine light comes on
•  Your air conditioner quits during the hottest summer on record 

These little headaches all have one thing in common: They're expensive.  Now, what?  How will you begin to pay for this? 

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How to Pay for a Costly Surprise
Authored By: Genisys Credit Union on 6/27/2018

Woman shocked by unexpected expenseSome surprises can be fun.  Others, not so much.  It would be an awesome surprise to learn that you won a new car with the raffle ticket you forgot you bought.  It’s a bummer surprise when the car’s “check engine” light results in a $500 repair when you can least afford it.

Finding out that the affordable house you’ve been eyeing has a swimming pool would be a pleasant surprise.  Waking up to find that your sump pump failed and there’s a pool forming in your basement is the kind of surprise we can all do without.

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Money Management 101. Where to Start?
Authored By: Genisys Credit Union on 5/23/2018

Young girl creating a personal budgetHas money management been one of those things you have told yourself you will focus on someday?  If you are serious about finally getting started on managing your money, a budget is a great place to start. How do you do that?

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What You Don't Know CAN Hurt You
Authored By: Genisys Credit Union on 5/2/2018

Young Man frowing with a thumbs downRemember when you got that first paycheck?  You couldn’t wait to see how much cash you received.  In fact, you probably had that amount memorized pretty quickly.

It is essential to know exactly how much you will be earning so you can manage your spending in line with your income.  But there are other numbers that are important for you to know to avoid making financial mistakes. Here are a few that can help you establish a strong money foundation.

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How to Talk Money with Your Partner
Authored By: Genisys Credit Union on 3/27/2018

Couple shopping in mallWhat happens when you and your partner have different approaches toward money?

It's a common scenario.  One is the spender, one is the saver.

One person seemingly knows where every earned dollar goes, while the other is a carefree spirit who thrives on spontaneous decisions and purchases. 

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Combating The Financial Mistakes Of Our 20s And 30s
Authored By: Genisys Credit Union on 1/17/2018

Young couple looking at their billsPeople starting out in their careers often focus on the here and now while ignoring the future.  This can be especially true when it comes to finances.  It can seem like you have forever to plan for the future.  . 

While there are many financial mistakes we can make, here are six that are common and avoidable.

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7 Tips When Dealing with a Financial Setback
Authored By: Genisys Credit Union on 12/27/2017

Woman frustrated looking at billsFinancial setbacks come in all shapes and sizes. There are the unexpected, but not terribly surprising household and car repairs. Some setbacks are more extreme, like getting a pay cut at work or a medical emergency that isn’t covered by insurance. A financial setback can also come in the form of good news that can cost you a bundle, like a wedding or the birth of a baby. 

Regardless of the size and scope, It’s impossible to plan for every financial hit you will take in your lifetime.

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Don't Splurge...Be Happy!
Authored By: Genisys Credit Union on 9/20/2017

Woman in supermarket with shopping listHave you fallen into the trap of thinking that money is the key to happiness?  Maybe it’s time to take a step back and look at life differently.

Deep inside, we all know that money cannot buy happiness. Yet, when we’re feeling a little down, many of us tend to self-administer a little “retail therapy,” leading to overspending and more debt than our income can support.

Here’s a different concept to consider – living frugally may make you happier than living lavishly.

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3 Steps to Make Your Child Money Smart
Authored By: Genisys Credit Union on 9/13/2017

Young girl holding a dollar billManaging money is a life skill.  When is it worth spending? How do you keep spare change from burning a hole in your pocket?

If you’re looking to open an account for your child, or even if they already have one -- here are three steps to take for ensuring your child gets the most out of a savings account.

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3 Smart Money Steps to Start Out Right
Authored By: Genisys Credit Union on 6/21/2017

Young couple looking at financesWhat steps have you taken to better your chances of a successful life? 

  • Developed consistent habits like working out to keep yourself physically fit? 
  • Managed your reputation by associating with high character people?
  • Prepared for the long term and studied hard in your field to set yourself up for a great career?


These steps can all contribute to a happy and successful life, but find out how they apply to your financial happiness as well.

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3 Rules of Smart Money Management
Authored By: Genisys Credit Union on 4/12/2017

Couple holding a piggy bank

Are you keeping the three smart money laws? You should, because if you do these three things, you could have no financial worries. Really!

There’s a lot of information about how to be smart with money, how to invest wisely, and where to save.  It’s all good information, but the foundation of not having money problems is very simple.

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3 Biggest Money Mistakes College Students Make
Authored By: Genisys Credit Union on 3/8/2017

student on laptopThere is a weird dichotomy with college students. On the one hand, they are very creative with saving money. We’ve all hear stories of surviving on a food budget of $3 a day to living a whole semester rent-free by sleeping in a van and showering in the school gym.

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5 Financial New Year’s Resolutions To Kick-Start 2017
Authored By: Genisys Credit Union on 1/4/2017

New Year's Resolution imageGet more exercise.
Lose weight.
Quit smoking
.

These are the bold boasts of New Year’s resolutions. Folks commit themselves to radically changing their lives at the start of the calendar year.  About 45% of people make New Year’s resolutions in the average year, and most have to do with health.


But the same line of thinking can be taken in the context of your financial health. Let’s look at some of the most often made New Year’s resolutions and how to translate them into personal finance resolutions – and how to stick to them!

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New Homeowners: Watch Out for the Forgotten Expenses
Authored By: Genisys Credit Union on 12/14/2016

Young Couple moving into a new houseBuying your first home is a major milestone. There's nothing quite like the giddy rush that comes from knowing you could paint a wall fluorescent pink and no one could legally stop you.

Since you've just come up with a down payment, you might think your biggest hurdle of financial responsibility is over. However, that's not the case.

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10 Credit Union Member Benefits
Authored By: Genisys Credit Union on 11/16/2016

Group of happy people

You may already know the many benefits of Genisys Credit Union membership like low rates on loans, free checking, and convenient mobile and online banking services.  But there are some you may be missing out on.

Here are just ten of the many perks available to you as a Genisys member.

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3 Scary Stories to Teach Money Management
Authored By: Genisys Credit Union on 10/17/2016

Girls reading scary book

It’s that time of year again! The nights get longer. Haunting winds rattle shutters and swaying trees cast spooky shadows in the moonlight. It’s time to tell ghost stories!

Let’s see what three of the most popular ghost stories can show us about financial responsibility for a spook-tacular Halloween!

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4 Ways to Avoid ATM Fees
Authored By: Genisys Credit Union on 8/23/2016

Young woman using ATM

Using an ATM that’s not run by your bank or credit union will now cost you about as much as a latte at Starbucks.  Not a regular at Starbucks?  

Then imagine if each time you wanted to take a $20 bill out of your wallet, you had to put a $5 bill through a paper shredder.

 

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Balancing a Checkbook is an Ancient Art.
Authored By: Genisys Credit Union on 6/20/2016

Young woman with checkbook

 

Back in the day, merchants had a “Wall of Shame” posted behind their registers.  If you gave them a bad check, the store owner received your red-stamped insufficient funds check back, and it was posted for all to see on the “Wall of Shame” behind the counter.  From then on, you were banned from check writing at that establishment.

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Money Scams & Safety Tips

Ready for Summer Vacation? Watch Out For Digital Identity Thieves
Authored By: Genisys Credit Union on 5/22/2019

Frustrated couple with luggageSummer is almost here, and with it comes  a bit of rest and relaxation for millions of people around the world. It is clear workers eagerly anticipate summer vacations with 68 percent of people  taking a summer vacation in the last year. Vacations create special memories and experiences that we all cherish, but they also open us up to be the perfect target for identity thieves.

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3 Reasons To Avoid The Free Trial Trap
Authored By: Genisys Credit Union on 5/1/2019

Young Man holding credit card and making online purchase

FREE Trial Offer….. many new products and services come with these enticing words and sway many consumers to feel as if it is a great deal.   While these words may sound enticing, often ‘free trial offers’ are scams to take your hard earned money. Consumers are being misled into auto-enroll subscriptions when signing up for the free trial.  Then month after month the credit card is billed, often without you ever knowing.

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Don't Get Caught in a Crowdfunding Scam
Authored By: Genisys Credit Union on 4/10/2019

Woman watching money fly out of her cell phoneThere never seems to be a shortage of scams that are out there just waiting to take our money.  One of the most recent trends in scamming is something called “Crowdfunding.” For the unaware, crowdfunding is simply a way for a group of people to support a cause, project, or person that otherwise might not have the tools or resources to raise money.

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10 Ways To Stay Safe Online
Authored By: Genisys Credit Union on 3/13/2019

Young Man frustrated looking at his computerWith hacks, scams, malware and more, the Internet can feel like a dangerous place these days. And, the recent increase in devices, from smartphones and tablets to Internet-connected appliances, has opened us up to even greater risks. Criminal Internet activity seems to continue to rise making online safety a concern. The FBI received more than 300,000 complaints in 2017 with more than 1.4 billion in reported losses.

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Beware of These "Dirty Dozen" Tax Scams for 2019
Authored By: Genisys Credit Union on 2/6/2019

Frustrated young man looking at email

Everyone has heard of the "Dirty Dozen," when it comes to your fruits and vegetables but have you heard about the Dirty Dozen scams that are rampant during this year's tax season?

This year, the IRS is cautioning taxpayers to be extra vigilant as they have seen a 60% increase in email phishing scams over the past year. This is particularly discouraging, since it comes on the heels of a steady decline in phishing scams over the previous three years.

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A New Year's Resolution for Identity Protection
Authored By: Genisys Credit Union on 1/23/2019

YOung Guy working on computer with words coming out of his headNew Year’s Eve is always a worldwide celebration.  In the U.S., people watch the ball drop in Times Square in New York City. Canadians embrace the winter with ice fishing and polar bear swims. Revelers swing flaming fireballs at Hogmanay in Scotland and the Danes smash china for good luck.

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5 Black Friday Scams to Avoid
Authored By: Genisys Credit Union on 11/14/2018

2 young woman with shopping bagsBlack Friday and Cyber Monday can be great fun – but they can also put you at great risk… and we aren’t talking about the WrestleMania scene in the Electronics Department! Scams are plentiful on this weekend that officially marks the start of the holiday shopping season, and you don’t want a phishing scheme or a bogus bargain to turn you into the rotten Mister Grinch! 

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Fake Check Scams - How To Avoid This Exploding Epidemic
Authored By: Genisys Credit Union on 10/24/2018

Surprised Woman viewing her account online

Has someone ever sent you a check and asked you to give them some money back?  Be wary! Maybe you won a prize and are told to send back a portion to cover taxes and fees.  Or you get paid to be a “secret Shopper” and are told to wire back money. How about selling an item online and the buyer overpays?  In all cases, you get a check and someone asks you to send them money back. That’s a scam!

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Beware of This Social Media Scam Targeting Millennials
Authored By: Genisys Credit Union on 5/29/2018

Young guy holding credit cardYou’ve heard it said before, if it seems too good to be true, it probably isn’t true.  Remember this adage when you’re pitched on social media about an easy money scheme using your checking account and debit card.  

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4 Tips to Keep Your Finances Safe in Cyberspace
Authored By: Genisys Credit Union on 3/21/2018

Young woman using credit card to shop onlineApple Pay, Paypal, Ebates. These are just a few examples of how finances have merged with cyberspace.  We encounter these services on a daily basis; and some of us use them frequently to purchase items online or even during a quick trip to the grocery store   However, with this convenience comes safety risks.

But don’t swear off of your digital wallet just yet, follow these tips to keep your finances safe.

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12 Identity Protection Tips for the Holidays
Authored By: Genisys Credit Union on 11/15/2017

Woman with stressed look with holiday shopping bagsTis the season for a spike in identity theft.  As consumers step up their online shopping leading up to the holidays, it’s a prime time of the year for identity theft.  While you are busy snagging hot deals on Black Friday and Cyber Monday, thieves are phishing for your information.

Don’t let an identity thief take the jingle out of your holiday. Follow these 12 tips to keep your financial information secure during the holiday season.

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Watch Out for Tech Support Scams
Authored By: Genisys Credit Union on 9/27/2017

Woman looking at Error Message on Computer screenIt's easy for anyone that has never been taken for a ride by a con artist to wonder how people can fall for such scams. 

Yet according to the Federal Trade Commission, two out of three people have experienced a tech support scam in the previous 12 months.  And more than $24.6 million has been lost to tech-support scams alone in the last two years. 

While these scams are very sophisticated, learn how easy it is to avoid falling victim to these scams.

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Avoid Summer Vacation Scams
Authored By: Genisys Credit Union on 7/5/2017

disappointed travellersIt’s summertime, the living is easy …, and so is the scamming!   Scammers don’t take the summer off.  In fact, some scams ramp up during this time of year, with predators out there waiting to prey on unwary vacationers.

Be aware of these scams that could make this a summer to remember for all the wrong reasons:

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Smartphone Security: Why we need PINs, Patterns & TouchID
Authored By: Genisys Credit Union on 5/17/2017

Theif stealing woman's phone out of her purseYou probably have that one friend who constantly bugs you about putting a security lock on your phone, in the form of a passcode, or enabling the fingerprint reader to protect you. 

You may think, “Why do I need that extra step just to get into my phone? So what if I lose my phone or it’s stolen? I have nothing to hide!” 

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5 Rules of Online and Mobile Banking Security
Authored By: Genisys Credit Union on 3/22/2017

Frustrated woman looking at mobile phoneGone are the days when making deposits, withdrawals, etc.—meant you had to stand in line, and wait patiently (or not!) for the services of a teller.  Today, we have lots of options when it comes to financial transactions.

Mobile banking is an increasingly popular way to monitor and manage your money and as more of us bank with phones fraudsters are following the same path turning their attention to mobile banking. 

Here are the five rules you should never break.

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What to Expect When Your Credit Card is Compromised
Authored By: Genisys Credit Union on 2/27/2017

cyber ninjaYou have probably seen the past headlines. 

“94 million Cardholders Affected By Compromise of Credit Card Information.”

“40 Million Credit Card Records Accessed by Hackers in Breach of Merchant Systems.”

“Retailer Settles Claims Related to Breach of Customer Card Data.”

With the number of computer hackers working daily to access consumer data, it may be difficult to escape being part of a credit or debit card compromise.  When it happens, how are you affected and what can you expect?

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Why CardNav Might Be the Coolest Card Security App Ever
Authored By: Genisys Credit Union on 2/22/2017

Young guys shopping in mall with credit card
So you might have already heard a thing or two about the new CardNav mobile app by CO-OP, and maybe even registered your Genisys Credit and Debit MasterCard.

What’s the deal with this app that’s changing how we manage our cards?

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Get These Out of Your Purse or Wallet Now
Authored By: Genisys Credit Union on 2/1/2017

woman with purse
Your purse can become a lot like a junk drawer you carry around. It’s cluttered with loyalty cards, coupons, cash, checks, store credit cards, credit cards for gas, credit cards for everyday purchases and a host of identification cards.

That much bulk can make your wallet or purse a serious hassle to carry. Even worse, though, you may be setting yourself up for identity theft.

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Watch Out for the 12 Scams of Christmas
Authored By: Genisys Credit Union on 11/30/2016

Dog with Christmas Hat

 

The holidays are a time of family togetherness and celebration. Scammers know you’re distracted, busy, and emotional. That’s why their schemes typically get a new twist around Christmas time.

Let’s look at 12 scams of Christmas, otherwise, you might be footing the bill for twelve drummers drumming and all the rest!

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Passwords: How Can I Remember ALL of Them?
Authored By: Genisys Credit Union on 9/21/2016

Woman in front of computer
Let’s see if this sounds familiar….”you need at least one lower case character, one upper case, a number, a special character, etc…”. 

Almost all online sites that we visit; Facebook, Twitter, email accounts and online banking all require passwords and each site has its own level of requirement of password complexity.  

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Ransomware: Avoid Being a Digital Hostage
Authored By: Genisys Credit Union on 7/12/2016

Man frustrated with computer
When we think of ransom, we typically think of a black-and-white movie with a kidnapper leaving notes made from a variety of newspaper cuttings. Today, ransom is much less melodramatic, much more common and targets something you might not expect: your computer files.

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Beware of IRS Scams
Authored By: Genisys Credit Union on 3/30/2016

Hacker in front of computer
That’s right, they’re back!  Scammers are using tax time to take advantage of the unwary. So let’s take a look at the “new and improved" 2016 lineup of IRS scams  

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FREE MONEY - 5 Online Scams to Avoid
Authored By: Genisys Credit Union on 3/2/2016

Dangling Fish Hook
The old saying of “it’s too good to be true” should be your battle cry when you do anything on the internet including reading your email. 

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Why do I want a Digital Wallet?
Authored By: Genisys Credit Union on 2/10/2016

Man using cell phone to pay
Apple Pay, Samsung Pay, and Android Pay - OH MY!  Why do I need a digital wallet when my old-fashioned wallet is working just fine?

It’s the digital age, right?  We use our phones for directions, weather reports,

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Saving & Investing

10 Savings Tips Your Future Self Will Thank You For
Authored By: Genisys Credit Union on 5/8/2019

Young Woman placing money into a piggy bank

Does it seem like saving money is a luxury you can’t afford?  Do you have good intentions to save, but unexpected needs always seem to arise?  Are you counting on your “future self” to come to the rescue?

You’re not alone.  According to the Federal Reserve’s Report on the Economic Well-Being of U.S. Households, 40% of adults feel they don’t have enough saved to cover a $400 emergency.  Many of us are familiar with financial stress like this. Luckily, there is hope.

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The Perfect Savings Tool - Share Certificates
Authored By: Genisys Credit Union on 9/19/2018

Couple researching savings products on computerShare Savings Certificates are an excellent savings option. They’re NCUA-insured, offer a better dividend rate than a savings account, and they’re safer than the stock market.

However, before you lock your money up, there are some questions you might want to answer about your financial priorities. It’s not all about the rate – there are many other things to consider.

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Traditional or Roth IRA? Breaking through the Confusion
Authored By: Genisys Credit Union on 3/14/2018

Friends looking at financial planning information

You’ve heard it time and again – “You need to start saving for retirement, and you need to start as soon as possible.” And you have reached the point where you say, “Enough already! I’m convinced!”

There are different ways to save for retirement. You might be able to save with a company-sponsored 401(k) or 403(b), or perhaps an Individual Retirement Account will work for you.

While your employer will probably provide some guidance on how to participate in a 401(k), you may be on your own when it comes to an Individual Retirement Account (or “IRA”).

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5 Smart Money Habits for Twenty-Somethings
Authored By: Genisys Credit Union on 2/14/2018

Young man sitting infront of his computer smilingAre you in your 20s and feeling a little broke?  You might be earning an entry-level salary while trying to pay off college debt.  You may be living with roommates, eating pasta and bagels, because it’s cheap.

Don’t worry, there is good news.  Your 20s are an ideal time to set yourself up for a solid financial future.  

Here are 5 good financial habits you can start with today.

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5 Tips to Help You Commit to Better Savings
Authored By: Genisys Credit Union on 1/10/2018

woman adding money to piggy bankHow did you kick off the New Year? Did you dance until your shoes wore through? Did you get out leftover 4th of July fireworks and blast them into the midnight sky?

The New Year is a great time for fun. It’s also a good time for more serious endeavors, like making resolutions to eat better, exercise more, or develop new skills.

A common New Year resolution is to build a larger savings balance. This can be easier said than done. If you’re serious about savings, implement these tactics.

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7 Resolutions for a Richer 2018
Authored By: Genisys Credit Union on 1/3/2018

couple getting financial adviceThe New Year is a great time of renewal. That makes it a good time to make bold, decisive changes in your life. Leave behind the baggage that was 2017 and start fresh with a blank slate in 2018.

If you’re looking for some resolutions to improve your personal finances, here are seven ways to make 2018 the year of the dollar!

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7 Surprise Savings Tricks
Authored By: Genisys Credit Union on 8/16/2017

Young Asian Couple holding piggy bank and calculatorHow can I save money?  How can I be financially prepared for an emergency?  Can I get that new iPhone 8 without making payments for 24 months?

Here's the good news -- You can, and it’s easier than you might think!

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Investing Lessons: Fantasy Football Style
Authored By: Genisys Credit Union on 1/25/2017

Group of friends wearing football jerseys

 

The big game is here, and while we may not be able to agree on the toppings for the halftime pizza, we can agree that we’re watching the game.  Unfortunately, we don’t have the same fanatical devotion to our finances, which are often confusing. Do you wish selecting the right investment mix was as easy as picking your fantasy football team?

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Is Borrowing Against Your 401(k) a Good Idea?
Authored By: Genisys Credit Union on 1/18/2017

Woman thinking about her 401k One of the perks that often comes with employment is a 401(k).  These tax-deferred retirement packages are the principal retirement vehicle for just over half of all people in the United States.

One feature you may not realize about 401(k) funds is that you may be able to borrow against the balance of the account. 

If you can, does that mean you should? 

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4 Secrets to Saving You Might be Missing
Authored By: Genisys Credit Union on 6/24/2016

Young couple with piggy bank and money

 

For many of us, a savings account is a formality. Did you get a bonus once and put $50 in a primary savings account to get things started?   What happened next?

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Tips to Rebuild Savings After A Crisis
Authored By: Genisys Credit Union on 3/23/2016

Couple looking at bills

You did everything you were supposed to.  You saved long and hard to develop an emergency fund that financial experts tell you to keep.  Then the unexpected occurred.

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Taxes

Tax Return Not What You Expected? Here's What You Need to Know.
Authored By: Genisys Credit Union on 4/3/2019

frustrated woman doing taxes at computer

Are you hoping to get a refund from your 2018 tax return? Many people intend to use their refund as a “forced savings plan” (essentially withholding extra taxes on purpose so that they get a larger refund at the end of the year, instead of being tempted to spend it during the year).  However, 42% of taxpayers who file their tax returns early end up using their funds to cover things like rent, food and utilities – catching up on expenses, rather than putting money away for savings.

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Beware of These "Dirty Dozen" Tax Scams for 2019
Authored By: Genisys Credit Union on 2/6/2019

Frustrated young man looking at email

Everyone has heard of the "Dirty Dozen," when it comes to your fruits and vegetables but have you heard about the Dirty Dozen scams that are rampant during this year's tax season?

This year, the IRS is cautioning taxpayers to be extra vigilant as they have seen a 60% increase in email phishing scams over the past year. This is particularly discouraging, since it comes on the heels of a steady decline in phishing scams over the previous three years.

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4 Year End Tax Savings Tips
Authored By: Genisys Credit Union on 12/13/2017

Woman working on year end taxesThe leaves have fallen, the nights are longer and there’s a sharp hint of the coming winter in the air. Everyone knows what that means: it’s year-end tax planning time!

While most people don’t start thinking about their taxes until February or even April, the best time to make changes is before the New Year. 

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Tax Refunds - Good or Meh?
Authored By: Genisys Credit Union on 4/20/2016

Woman holding cash

Another tax deadline has come and gone.  Did you enjoy a nice big tax refund?  Free money, right?   Whoa … let’s hold that thought for a moment.

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Technology

4 Tips to Keep Your Finances Safe in Cyberspace
Authored By: Genisys Credit Union on 3/21/2018

Young woman using credit card to shop onlineApple Pay, Paypal, Ebates. These are just a few examples of how finances have merged with cyberspace.  We encounter these services on a daily basis; and some of us use them frequently to purchase items online or even during a quick trip to the grocery store   However, with this convenience comes safety risks.

But don’t swear off of your digital wallet just yet, follow these tips to keep your finances safe.

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Charging Your Phone In Public? Watch That Port!
Authored By: Genisys Credit Union on 1/24/2018

Woman using Phone Charging StationSmartphones have become an ever-present part of our lives.   Even if it’s just with you in case of emergencies, having a charged cell phone can provide a serious sense of security. That’s why, when the battery starts to tick down, a cold sense of panic rises in your stomach.

Many public places have begun to adapt to this change by providing USB ports in addition to electrical outlets. Rather than jockeying with laptop users and carrying bulky outlet converters, smartphone owners can plug directly into the wall for a charge.

Sadly, this wonderful public good has become a playground for thieves. 

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Use e-Alerts to Stay in Touch With Your Money
Authored By: Genisys Credit Union on 10/11/2017

Girl getting an alert on her cell phoneIt’s now easier than ever to monitor your checking and savings accounts.  Want to know if a check has cleared?  Just log in from your phone.  Wondering when your next loan payment is due?  You can find that out anytime day or night on your smartphone.

However, you still have to log into the app. Some days, the activity on Facebook, Twitter, Instagram and Snapchat is just too compelling to remember something as mundane as checking your account balances.  It’s during those times, that ugly financial surprises may occur, but there’s a way to prevent them – eAlerts.

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Watch Out for Tech Support Scams
Authored By: Genisys Credit Union on 9/27/2017

Woman looking at Error Message on Computer screenIt's easy for anyone that has never been taken for a ride by a con artist to wonder how people can fall for such scams. 

Yet according to the Federal Trade Commission, two out of three people have experienced a tech support scam in the previous 12 months.  And more than $24.6 million has been lost to tech-support scams alone in the last two years. 

While these scams are very sophisticated, learn how easy it is to avoid falling victim to these scams.

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Smartphone Security: Why we need PINs, Patterns & TouchID
Authored By: Genisys Credit Union on 5/17/2017

Theif stealing woman's phone out of her purseYou probably have that one friend who constantly bugs you about putting a security lock on your phone, in the form of a passcode, or enabling the fingerprint reader to protect you. 

You may think, “Why do I need that extra step just to get into my phone? So what if I lose my phone or it’s stolen? I have nothing to hide!” 

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5 Rules of Online and Mobile Banking Security
Authored By: Genisys Credit Union on 3/22/2017

Frustrated woman looking at mobile phoneGone are the days when making deposits, withdrawals, etc.—meant you had to stand in line, and wait patiently (or not!) for the services of a teller.  Today, we have lots of options when it comes to financial transactions.

Mobile banking is an increasingly popular way to monitor and manage your money and as more of us bank with phones fraudsters are following the same path turning their attention to mobile banking. 

Here are the five rules you should never break.

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Why CardNav Might Be the Coolest Card Security App Ever
Authored By: Genisys Credit Union on 2/22/2017

Young guys shopping in mall with credit card
So you might have already heard a thing or two about the new CardNav mobile app by CO-OP, and maybe even registered your Genisys Credit and Debit MasterCard.

What’s the deal with this app that’s changing how we manage our cards?

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Will that Be: Cash, Credit or Mobile?
Authored By: Genisys Credit Union on 9/28/2016

Person paying with mobile phone


Our phones are our lifelines to everything we do.  We take pictures with them; call and text message friends and family, and of course, stay connected to our social media. 

So why not use them for mobile payments too?

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Passwords: How Can I Remember ALL of Them?
Authored By: Genisys Credit Union on 9/21/2016

Woman in front of computer
Let’s see if this sounds familiar….”you need at least one lower case character, one upper case, a number, a special character, etc…”. 

Almost all online sites that we visit; Facebook, Twitter, email accounts and online banking all require passwords and each site has its own level of requirement of password complexity.  

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Ransomware: Avoid Being a Digital Hostage
Authored By: Genisys Credit Union on 7/12/2016

Man frustrated with computer
When we think of ransom, we typically think of a black-and-white movie with a kidnapper leaving notes made from a variety of newspaper cuttings. Today, ransom is much less melodramatic, much more common and targets something you might not expect: your computer files.

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What is a Chip Card?
Authored By: Genisys Credit Union on 5/11/2016

Woman in grocery store line

Let’s clarify one thing – we are NOT talking about a card for a bag of Doritos.

If you’ve received a new debit or credit card recently, you may look at it and ask yourself, “What is that square blotch the size of my fingernail?”  Don’t worry, it’s not a printing error – it’s your new EMV or ‘Chip’ card.
 

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Why do I want a Digital Wallet?
Authored By: Genisys Credit Union on 2/10/2016

Man using cell phone to pay
Apple Pay, Samsung Pay, and Android Pay - OH MY!  Why do I need a digital wallet when my old-fashioned wallet is working just fine?

It’s the digital age, right?  We use our phones for directions, weather reports,

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