Golden 1 Credit Union - Financial Wellness

Technology has made managing your money much more convenient. Whether it’s opening and managing accounts, transferring money or bill pay, you’ll learn the fundamentals of electronic banking.

A New Year can bring lots of new and exciting opportunities, but it can also bring some new financial challenges. Martin and Rebecca discuss some simple things you can do to get your finances in order to start the New Year off on a solid financial foundation.

The whole idea behind saving with purpose is that you put some intention into your money. Instead of spending it on whatever and whenever you want, you save it for the things that really matter. These things are called savings goals because you don’t have the money for them today. You have to work to achieve them. But like any other kind of goal, the work is worth it.

When it comes to planning for your future, there’s nothing more crucial than money management. To help you start managing your money the smart way, we’re going to discuss five important topics in this podcast: setting goals, getting organized, cutting spending waste, building a budget and saving money.

It's that time of year again. Time for retailers to do whatever they can to get our hard earned money. Golden 1 Credit Union is here to help you be safe and savvy!

There are many things in life that can derail even the best money management plans. When a crisis happens most people take things day by day just hoping to get by. When the dust settles, they’re often left with a financial situation that is less than rosy. There are no savings to speak of. Their credit is shot, and there’s debt that needs to be paid. However with hard work and dedication, a healthy financial future is possible.

Identity theft refers to the theft of your personal or financial information. That info is then used to assume your identity in order to make purchases or borrow money. It can happen in several different ways. Your credit card number may be used to buy things you never authorized, or maybe an account was opened in your name to facilitate illegal activity. But no matter how it goes down, the result is usually the same for you: frustration, fear and anxiety... not fun.

Identity theft occurs when someone uses your name, social security number, credit card number or other identifying data to commit fraud or other crimes.

Definition: A financial establishment that offers checking accounts, savings accounts, credit cards, and loans, both home and auto, and invests deposited money, and pays it out when required?

Answer: A bank? A Credit Union? Both?

In this podcast, Martin and Rebecca explore what makes banks and credit unions different, and what makes them the same.

Broadly defined, financial elder abuse is when someone illegally or improperly uses a vulnerable senior's money or other property.

According to an extensive 2012 study by the Government Accountability Office, as many as 1 in 20 adults over the age of 60 have experienced, or are currently experiencing financial abuse or fraud. Financial abuse is, by far, the most common form of elder abuse in the United States.

In this episode, Martin and Rebecca discuss what constitutes elder fraud, how can you and your loved ones avoid becoming a victim, and what steps you can take if you or someone you know has already been scammed.

To help you better understand the world of credit, we’re going to discuss five important topics in this podcast: credit reporting agencies, what’s in your credit report, understanding credit score.

In this episode we’re going to explore a topic on the minds of many homeowners: home equity. Specifically, should you use it to free up extra cash?

If you’re intimidated by the prospect of paying back a student loan, you’re not alone. After all, student loan debt can be fairly large, and the monthly payments can take up a big chunk of your income. However, being educated about student loans and your options can make it easier to repay them.

Social fraud happens all the time. Usually, we aren’t aware that we are being tricked and so we willingly give up our information because these fraudsters are so good at making their scam seem like it is a real, quick, and easy way to earn a few extra dollars. Sometimes people engage in fraud without realizing they are actively participating in it. The Better Business Bureau reports that in 2018 alone they received 50,559 scam reports. That’s up from 47,827 in 2017. We are not getting more gullible, the fraudsters are getting smarter.

In this episode, we break down the differences between the two major types of consumer loans: secured and unsecured. What they are, how they work, and whether or not they’re right for you – we’ll cover it all!

If you’ve ever questioned how you’re going to afford retirement, you’ve come to the right place! This episode is all about overcoming the challenges to planning your long-term financial future.

If you’re intimidated by the prospect of paying back a student loan, you’re not alone. After all, student loan debt can be fairly large, and the monthly payments can take up a big chunk of your income. However, being educated about student loans and your options can make it easier to repay them.

Learn about different tiers of credit and how they can impact you.

What is an IRA? What is a Roth IRA? How much can you save each year? We break down everything you need to know about saving for your retirement.

Prepare for higher education by learning about student loans and basic money management.