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Welcome to our Blog Library! Explore expert blogs, articles, and guides covering investment strategies, retirement planning, budgeting, and more.
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When looking for a new car, you have three main options: buy used, buy new, or lease. There are pros and cons to each method
Aug 21, 2020 | Auto, Financial Tip
When looking for a new car, you have three main options: buy used, buy new, or lease. There are pros and cons to each method. Your choice will be based on various financial considerations, driving habits, and personal preference. Used Buying a used car is appealing to...
United Financial Credit Union Announces Save to Win Quarterly Prize-Winner
Aug 19, 2020 | Our Products
Saginaw, MI, July 2020 —Derek S. is the latest United Financial Credit Union member awarded for their participation the prize-linked savings program, Save to Win. For every $25 deposited into their accounts, members earn one entry into the monthly and quarterly...
How to Boost Your Local Economy
Aug 11, 2020 | Financial Tip
During a recession, there are plenty of things everyone can do to help boost the economy. Shutdowns, Social Distancing, and the Economy Many local governments are trying to navigate the economic impact of the COVID-19 pandemic. With residents staying home, local...
Health Savings Accounts
Aug 4, 2020 | Financial Tip
With a health savings account (HSA), you can set aside pretax income to pay for current or future health care, including deductibles, copayments, and any qualified medical expenses, including dental bills and prescription drugs. Any withdrawals you make from the HSA...
Credit Card Balance Transfers Through United Financial – Is it Worth It?
Jul 31, 2020 | Financial Tip, Saving
Debt can feel overwhelming. Managing multiple sources of debt even more so. Instead of keeping track of each of your balances, rates and payment dates--it may be easier to look into debt consolidation. Loan consolidations are a debt management strategy that...
To Buy or Not to Buy a Home?
Jul 29, 2020 | Financial Tip, Mortgage
Investing is like life: nothing ventured, nothing gained. If you're planning to buy a home, you probably have good reasons for your decision. It may be that you share the feeling that owning your own home is a key part of the American dream. But there are also...
Budgeting for Holiday Gifts Now
Jul 29, 2020 | Financial Tip, Saving
We all know that one person who starts buying gifts for the holiday season before anyone else. Is it insanity, or is it wisdom? Before you know it the days will be shorter, snow will blanket the ground, and the holiday stress will be here. You could save...
Dealing with Illness
Jul 21, 2020 | Financial Tip
Keep your fingers on the pulse of your financial health. Dealing with COVID-19 The Families First Coronavirus Response Act designates that testing for COVID-19 should be free to all Americans, whether they are insured or not. Care for coronavirus, on the other hand,...
Credit Unions helped local businesses with PPP Loans
Jul 16, 2020 | Community Involvement
Credit Unions are known for helping their members and during the recent pandemic they were able to provide the SBA PPP Loan to these small businesses in their communities. United Financial Credit Union was was able to grant 48 PPP Loans at just over $3 million dollars...
First-Time Homebuyer? Make Sure You’re Prepared for These 7 Hidden Costs
Jul 7, 2020 | Financial Tip, Mortgage
BY: GREENPATH FINANCIAL WELLNESS (GreenPath is a service offered to United Financial Members) As real estate markets re-open across the country, current historically-low mortgage rates may make it seem like the perfect time to purchase your first home. For many,...
When to Buy a New Vehicle
Jun 30, 2020 | Auto, Financial Tip
When your vehicle breaks down, you know it’s time to get a new ride. But what about proactively selling your vehicle before it completely loses its value? Is there a best time to transition to a new vehicle? Here are our tips for when to buy a new car: Your Car Needs...
Common Financial Mistakes Young People Make and How to Avoid Them
Jun 30, 2020 | Financial Tip
Young people make mistakes, and that’s a part of growing up in life. However, financial mistakes can really set a young person back. Here’s some tips for young people to set themselves up for success and cultivating a healthy financial future: Using Credit Cards...