Check out our blog posts for the most recent updates, highlights, and educational content! If you have a blog post idea, feel free to send us an email at info@nyteamfcu.org. At the Credit Union, we prioritize our members and believe that education is crucial. Subscribe to our Email Marketing to receive our informative emails.
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Learn how to Ladder CDs!
Are you interested in a savings vehicle that offers a higher annual percentage yield (APY) than a typical savings account? A share certificate may be perfect for you! It locks up your deposit for a set period of time and pays a fixed percentage yield upon completion of the certificate’s term. Credit unions offer share… Read more
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Make sure to stay safe while using the internet.
Your personal information is essential; we want to help you keep it safe. Scammers are always looking for ways to obtain your personal information, so it’s important to be vigilant. Be cautious if you receive unsolicited calls, emails, text messages, or letters. Even if it appears from a legitimate source, never provide your personal… Read more
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Ensuring the protection of your finances in the case of a car accident is of utmost importance.
Protecting your finances is essential, especially when it comes to your vehicle. If the value of your car is less than the amount of your car loan, Guaranteed Asset Protection (GAP) can help bridge that gap. On average, a new vehicle will depreciate more than 20% after the first year of ownership, with half happening… Read more
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It’s time to break these eight unhealthy credit card habits
You probably know people who have experienced financial stress, declining credit scores, and lifelong debt struggles because of credit cards. However, credit cards can be a helpful tool for managing your finances if used correctly. To make credit cards a positive aspect of your financial life, avoiding common and costly credit card mistakes is essential…. Read more
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What You Weren’t Taught in School About Debt Relief
It’s alarming that the average American carries a debt load of over $90,000. It only takes a little to push someone over the edge financially. A severe medical condition, unexpected job loss, or any other factor that reduces income can quickly lead to financial distress. When expenses surpass earnings, people end up in a precarious… Read more
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To show sellers that you are a serious and qualified buyer, it is important to get prequalified.
Applying for a mortgage requires thoroughly evaluating your financial situation and the property you wish to finance. You must submit a loan application providing information about your income, assets, debts, and credit history. Your creditworthiness will be carefully evaluated by NY TEAM Federal Credit Union or any other lender based on this information. Pay stubs,… Read more