Financial Education

There’s no denying that buying a car is an expensive process. These days, even buying a used car can break the bank. Luckily, with the right financing, you can secure a used car loan that eases the financial burden and helps build your credit, paving the way for a stable financial future. If you’re wondering […]

When putting your money into savings, the goal is always to earn as much as you can while preserving the initial deposit value. One potential way to do this is through a high-yield certificate of deposit (CD), offered through banks, or a Share Certificate, offered through credit unions. Island Federal Credit Union can provide you […]

The holidays are here again! For most, this is a joyous and festive time of year. Quality time is spent with loved ones, food and drink are prepared for celebration, and gifts are given to express thanks and appreciation. For some people, however, the holidays bring about a financial stress that overshadows the jubilation that […]

Driving a new car can be an exciting opportunity to test out new technology, reduce your gas costs, and maybe even add some nice luxury features to your life. The investment in a new car can be a long-term benefit if you make a wise financial decision with it. One of the key ways to […]

A lease buyout could be one of the best ways for you to get out of a car dealership lease and affordably purchase the vehicle before the contract ends. How does a car lease buyout work? A lease buyout allows consumers to purchase the vehicle prior to or at the conclusion of the end of […]

Certified Checks: How They Work and When to Use Them What is a certified check? Sometimes called an ‘Official Check’ or ‘Cashier’s Check.’ Could it help you to manage financial transactions with ease? Today, it’s easy enough to move money from one person to the next using electronic means, but there are still numerous benefits […]

Are you interested in learning how to transfer money from one bank or credit union to another? Having the flexibility of transferring money from one account to the next quickly and easily is vital to many people. It could be a part of your budgeting strategy, saving plan, or need to pay someone else. It’s […]

Though many people might argue the practice is obsolete, knowing how to write a check is still essential to managing your funds and having a checking account. Even in our digital era, there will still be times when checks are necessary…and sometimes even preferred. Use our step-by-step guide on how to write a check correctly […]

Understanding the differences between share certificates and CDs is easier than you might think. As you begin to learn about the distinctions between these two popular investment tools, you’ll be better-able to select the one that’s best for your financial objectives. Let’s look at the advantages and disadvantages of each, the rates of interest, liquidity, […]

Opening a kids bank accounts is essential in teaching financial responsibility and setting them up for success. Keep reading to learn everything you need to know about the types of minor banking accounts available and the features they provide, so you can ensure your child has access to all the tools they need to learn […]

Do you have a tax refund coming your way? If so, now’s the time to start thinking of ways to invest the money. You could use it for short-term goals – like paying off or down debt or building an emergency fund – or you can start working on long-term investments like retirement savings. If […]

The 50/30/20 budget rule is a great way to manage your money responsibly. It’s based on the idea that you should spend no more than 50 percent of your income on needs, 30 percent on wants, and 20 percent on savings. This simple yet effective approach can help you stay within your means while still […]

Understanding how to budget money is an important part of being smart and achieving financial success. Creating a monthly budget can help you track (and modify) spending habits, keep tabs on your income, plan to save for future purchases, and ultimately, meet your financial goals. It takes time to figure out how much money you […]

Looking for an easy way to turn your coins to cash? Whether you’re a bank customer, investor, or just someone with a lot of change, there are several ways to convert coins for cash. From taking coins to your local bank or credit union to using Coinstar, to making donations with your spare change, we’re […]

Online banking scams are becoming increasingly common, so it’s critical to know the different types of fraud that can occur. Recognizing common online bank scams can help protect you and your loved ones from potentially devastating financial loss. Read on to learn more about each of the most common scams, and to see how to […]

As the cost of living continues to rise, it’s important to learn how to protect money from inflation. Inflation can erode your purchasing power and make it challenging to maintain your standard of living. Knowing the strategies discussed here, though, can help protect money you earned from inflation. Learn the best ways to protect yourself […]

The Federal Reserve has been raising interest rates since the first part of 2022 – in fact, they’ve raised them a whopping six times – and most experts believe the trend will continue. Rising interest rates can have both positive and negative impacts on individuals, businesses, and the economy as a whole. Thus, understanding how […]

Wire transfers are a secure and reliable way to send money. They offer the convenience of transferring funds quickly, securely, and with minimal fees. With wire transfers, you can move large amounts of money from one bank account to another. Keep reading to learn more about how to transfer money and about wire transfer scams […]

An IRA, or Individual Retirement Account, is a tax-advantaged account that allows you to save for retirement. IRAs are a great way to build your financial future. They offer tax benefits, flexible contribution options, and the potential for long-term growth. It’s important to understand how IRAs work so you can make the most of […]

Preparing to buy a new house can be one of the most exciting times in your life. It can also be stressful, especially if it’s your first time and you’re unfamiliar with the process. Knowing as much as possible can help alleviate anxiety as you navigate the ins and outs of learning how to get […]