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Financial Literacy

Think Twice Before You Meme

Last year, a Facebook meme went around called “10 Bands I’ve Seen, And One Is a Lie.” Posters then listed the names of nine bands they’d seen and one that they hadn’t, and their friends had to guess which was the lie.  The person sharing the list often included a note about the first band he…

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Don’t be bamboozled

fish hook and money

The Federal Trade Commission announced that 2.68 million consumers reported fraud in 2017. Twenty-one percent of those reporting fraud lost money totaling $905 million. As fraudsters enjoy more success and scams become more prolific, the likelihood of any one person getting duped is going up. And it isn’t just the elders that are being scammed.…

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Loan approval tips

loan application

Nobody likes getting turned down for a loan. And although White Sands FCU makes every effort to approve all loan requests, it’s sometimes necessary to deny an application–to protect the applicant’s financial health, as well as the credit union’s. When the credit union denies a loan, it’s because the applicant has either (1) a poor…

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What is your net worth and why does it matter?

eggs in basket one gold

Net worth is pretty simple – it is what you own minus what you owe.  Some people say you shouldn’t include the equity in your primary residence, your household goods or your vehicles.  Others say go ahead and include them.  You can decide – that’s your choice.  In its most basic form, your net worth…

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It’s America Saves Week!

America Saves white piggy bank

This post is brought to you by America Saves, a campaign managed by the nonprofit Consumer Federation of America, which motivates, encourages, and supports low- to moderate-income households to save money, reduce debt, and build wealth. Celebrate America Saves Week, February 26 – March 3, 2018. Set a Goal. Make a Plan. Save Automatically. White…

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