Whether it’s a pile of them on your dresser or a lucky one you find out and about, pennies are everywhere. Recently, the penny has been a major point of discussion after the current U.S. administration’s call to end penny production. But what exactly does this mean for consumers? Will one cent make much of an impact?
READ THE ARTICLE
When looking for a financial partner to handle and store your money, there may be a variety of factors that go into your decision. Are you looking for accounts that will give you the highest returns on your funds? Or are you seeking guidance you can count on for the right loan options or to kickstart your small business?
READ THE ARTICLE
You may have noticed a lot of recent discussion regarding taxes on credit unions. Lawmakers and the current administration are currently discussing tax reform. As a piece of that discussion, they’re looking at changing the credit union federal income tax status. As a member of a credit union, this isn’t just a tax on your financial institution—it’s a tax on you. Credit unions pay billions in state and local taxes each year. If Congress moves ahead with this revision and taxes the profits on credit unions, this will directly affect you as a member. These profits are returned to you in the form of fewer fees, better rates on loans, and higher dividend earnings.
READ THE ARTICLE
The first week of March is National Consumer Protection Week, a time dedicated to raising awareness about your rights as a consumer and how you can protect yourself whether you’re shopping online, navigating contracts, or simply making everyday financial decisions.
READ THE ARTICLE
If you’re a member of a credit union – or thinking about joining one – you’ve probably heard a well-meaning friend or relative tell you something negative they “heard” about credit unions. Unfortunately, the public sometimes gets its facts wrong about credit unions, even though our movement has millions of members worldwide. Credit unions have been around for more than 100 years, but there’s still a lot of confusion about the difference between a credit union and a bank, how credit unions work, and the benefits we offer our members. Credit unions and banks provide the same types of services, but certain characteristics set credit unions apart. Here’s the biggest difference: While banks are for-profit companies that need to earn profits for their stockholders, credit unions are not-for-profit organizations owned and operated by members. Their earnings go right back to members in the form of lower rates on loans, higher dividends on savings, fewer fees, and great service. Because each credit union member owns a share of the organization, they have equal voting rights in decisions that might affect the credit union. Members aren’t customers; they’re the boss.
READ THE ARTICLE
We’ve all heard of inflation, whether that be in a high school history class or through a news program of the past few years. But what about deflation and disinflation? At first glance, they may sound like improvements over inflation. However, both terms carry their own weight and, in some respects, consequences.
READ THE ARTICLE
Join your fellow members of American Heritage Credit Union on Thursday, October 19, 2023, as we celebrate International Credit Union Day and a major milestone.
READ THE ARTICLE
You may have seen in the news that there is a “new” tax for mortgage borrowers with higher credit scores. Bold headlines are claiming that those with a higher credit score will be paying more to subsidize those with lower credit scores, sometimes going as far as to wrongly suggest that you should deliberately lower your credit score to pay less. This has been misconstrued.
READ THE ARTICLE
International Credit Union Day ®, also known as ICU Day®, is celebrated on the third Thursday of October. This year marks the 74th anniversary of the day, with the theme “Empower Your Financial Future with a Credit Union™.” This special day is brought to you by World Council of Credit Unions (WOCCU) and Credit Union National Association (CUNA).
READ THE ARTICLE
