If it sounds too good to be true, it probably is. If someone asks you to invest and promises impossible returns on your money, such as guaranteeing that your money will be doubled or tripled with no risk, it’s probably a Ponzi scheme. Knowing how to recognize different types of fraud is a key component to financial literacy. There are many types of investment scams, but one of the most famous is known as the Ponzi scheme.
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Credit cards are the most versatile product in your wallet and can be the ticket to a strong credit score and healthy financial habits. By mastering the most popular financial tool, you can demonstrate to lenders that you are a responsible borrower, ushering in new opportunities.
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The brisk changing of the seasons and the upcoming Thanksgiving holiday gives us a chance to look back at the year and reflect on the things we’re most grateful for. Here at American Heritage Credit Union, 2022 has brought us many new experiences, relationships, and opportunities to advance our mission in the communities we serve. Here are some memorable highlights:
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With December right around the corner and holiday festivities quickly approaching, it’s also the time of year when the needs of your community are the most apparent. Though food, clothes, and essential goods are needed all year round, the winter season brings the greatest needs for these items. Whether you want to make a donation, take action, or find new organizations to help into the new year, there are many opportunities to spread joy within your own community.
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The holidays are right around the corner, and you likely already started your holiday shopping. As much as you’d like to give your loved ones everything on their wish list, the cost of gifts, decorations, travel, and other holiday festivities can really add up. However, with a little bit of planning and responsible spending, you can celebrate the holiday season and keep your budget intact.
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While the holiday season may be a time of tradition for many, changing economic factors will force many to adapt their habits to fit a tighter budget this year.
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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).
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Ghosts, goblins, witches, and vampires – everyone knows All Hallows’ Eve is full of creepy creatures. But the scariest of them all may be scammers who try to trick you into revealing your sensitive personal information. Millions of Americans have their identities stolen or compromised each year, and dealing with the aftermath of identity theft and fraud is no treat. In honor of both Halloween and Cybersecurity Awareness Month, check out these tips to stay safe online and protect yourself from cybercriminals.
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When you think of credit unions, what’s the first thing that pops into your mind? Maybe it’s the great deal you got on your auto loan or the great rate you earn with your savings. Maybe you think of your credit union’s strong ties with its community. All these things are hallmarks of the credit union experience. But your local credit union is also part of something much bigger. It’s a worldwide movement. You might be familiar with some of the things that make credit unions unique. They’re democratically controlled, not-for-profit financial cooperatives that are owned by their members. Instead of being driven by profits, credit unions are built on the philosophy of “people helping people” and focused on supporting their members’ financial well-being. It’s an idea that goes way back. In feudal Japan, lending cooperatives helped members pool money to access interest-free short-term loans. By the late 1800s, the earliest examples of modern-day credit unions were springing up across Europe. In both cities and rural communities, these cooperatives helped everyday people participate in a banking system for the first time.
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Purchasing a vehicle is a significant life milestone and financial achievement. Whether you’ve owned multiple vehicles during your life or are shopping for your very first set of wheels, American Heritage can help you from beginning to end of your purchasing journey.
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