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Financing College: Understanding Student Loans

Financing College: Understanding Student Loans

Posted On: October 17, 2023 by American First Credit Union in: Loans, Savings

Navigating the world of college financing can be daunting, but understanding your student loans is a crucial step toward achieving your future goals. In today’s blog, we will delve into all aspects of student loans with helpful insights to empower your decisions as you embark on your college journey.   Federal Student Loans  Federal student loans offer benefits such as fixed interest rates, flexible repayment plans, and potential forgiveness options. To qualify for a federal loan, you must fill out the Free Application for Federal Student Aid (FAFSA). Here are the different types of federal loans:  Direct Subsidized Loans   These loans are offered based on financial needs and you will not need to pay interest on the loans while you’re in school.   Direct Unsubsidized Loans  These loans are available to both undergraduate and graduate students and are not based on financial needs, with interest
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Financing College: Understanding Student Loans

Financing College: Understanding Student Loans

Posted On: October 17, 2023 by American First Credit Union in: Loans, Savings

Navigating the world of college financing can be daunting, but understanding your student loans is a crucial step toward achieving your future goals. In today’s blog, we will delve into all aspects of student loans with helpful insights to empower your decisions as you embark on your college journey.  

Federal Student Loans 

Federal...

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Budgeting Tips and Tricks for Travel This Holiday Season

Budgeting Tips and Tricks for Travel This Holiday Season

Posted On: October 10, 2023 by American First Credit Union in: Budgeting, Holiday, Savings

Planning a trip during the busy holiday season doesn’t have to strain your finances. With our helpful budgeting tips and tricks, you can make the most of your holiday travel budget! Whether you’re flying across borders or exploring local gems, our guide will help ensure that your journey is memorable and cost-effective.  

Early Planning  

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Cracking the Credit Code: The Ultimate Guide to Decoding Your Credit Score

Cracking the Credit Code: The Ultimate Guide to Decoding Your Credit Score

Posted On: September 26, 2023 by American First Credit Union in: Credit

Your credit score is one of the most important numbers in your financial life. It affects everything from your ability to get a loan or credit card to the interest rates you'll pay on those loans or cards. Understanding how your credit score is calculated can seem like a daunting task, but it doesn't have to be! Today, join us as we explore all of the questions you might have for decoding your credit score.  

What...
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Retire in Style: Discovering the Benefits of an IRA for Your Future

Retire in Style: Discovering the Benefits of an IRA for Your Future

Posted On: September 22, 2023 by American First Credit Union in: Investing, Savings

Have you already started retirement planning? Utilizing an Individual Retirement Account (IRA) can be very helpful when starting to plan for retirement. In today’s blog, we will share information with you about what an IRA is, the benefits of using an IRA, and when is the best time to start planning!  

What Is an IRA? 

An...

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Beyond Transactions: The Hidden Advantages of Relationship Banking

Beyond Transactions: The Hidden Advantages of Relationship Banking

Posted On: September 22, 2023 by American First Credit Union in: Banking, Community

Relationship banking goes beyond mere transactions and evolves into a dynamic and personalized experience. Relationship banking is a customer-centric approach that emphasizes building long-term connections and understanding your unique financial needs and goals. Unlike traditional banking, which often focuses solely on individual transactions, relationship banking nurtures a deeper relationship between you and your financial...

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When to Tap Into a Home Equity Line of Credit

When to Tap Into a Home Equity Line of Credit

Posted On: September 22, 2023 by American First Credit Union in: Home, Loans

There are so many benefits to being a homeowner. A huge benefit of homeownership is the ability to utilize your home’s equity as a secret weapon. A home equity line of credit (HELOC) provides a convenient way for homeowners to access funds for various purposes, such as home improvements, debt consolidation, education, or unexpected expenses. In today’s blog, we’ll give you the basics of a HELOC and the best...

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The Basics: Achieving Financial Security

The Basics: Achieving Financial Security

Posted On: July 18, 2023 by American First Credit Union in: Banking, Savings

Attaining financial security stands as an essential goal for all individuals, demanding unwavering commitment and discipline. As it can be easier said than done, achieving financial security involves careful planning, disciplined financial management, and making informed decisions. Keep reading as we dive into the journey of achieving financial security. 

The Goal of Financial Security

Achieving financial security can look different depending on your situation, but the route...

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More Than Just Money: Why Banking Is Crucial for Your Financial Health

More Than Just Money: Why Banking Is Crucial for Your Financial Health

Posted On: July 11, 2023 by American First Credit Union in: Banking

Banking isn’t just your ordinary money-storage companion; it plays the role of a reliable sidekick, dedicated to enhancing your financial well-being. Beyond keeping your cash secure, it comes equipped with a plethora of perks that can supercharge your financial game. Explore these interesting reasons why banking serves as your ultimate financial sidekick, playing a vital role in maintaining your financial health!

Safekeeping Your Fortress of Funds

Think of your bank as...

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Common Types of Bank Account Fraud

Common Types of Bank Account Fraud

Posted On: June 27, 2023 by American First Credit Union in: Cybersecurity

As we increasingly rely on the internet and mobile devices to manage our financial transactions, the risk of cybercrime also continues to rise. From paying bills to sending money to family and friends, there are numerous options available that make it easier for scammers to raid your bank account. However, there are ways to keep your accounts safe and secure from the common types of bank fraud. Keep reading to learn more. 

Check Fraud 

This type of fraud involves illegal...

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Top Reasons to Utilize Online Bill Pay

Top Reasons to Utilize Online Bill Pay

Posted On: June 20, 2023 by American First Credit Union in: Digital

In this digital age, many people are choosing to do things online, including paying their bills. If you’re not already using online bill pay, you may be missing out on some great benefits. From saving money and time to reducing clutter and simplifying your finances, there are several reasons why you should consider utilizing online bill pay. In this blog, we’ll explore the top reasons why online bill pay is becoming increasingly popular, and how you can get started with this convenient...

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