SIU Credit Union Blog

6 Ways to Build Your Credit in Less Than an Hour

It’s true — there’s no shortcut to achieving a good credit score. It takes years of paying your bills on time and in full, keeping balances low and managing different kinds of debt.

But there are small steps you can take to help your credit, in the same time it takes to watch an episode of your favorite Netflix drama. Options for building your credit differ if you have an established credit history or if you’re new to credit.

If you have established credit

1. Pay down debt

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Dodd-Frank Rollback: What It Means for Consumers

The U.S. House of Representatives has voted to roll back key aspects of the landmark Dodd-Frank Act, which was passed to address banking industry excesses after the financial collapse of 2008. The Senate passed the measure in March, and it will now go to President Donald Trump for his signature.

You may have heard about the bill’s impacts for the banking industry, but some of the bill’s changes could also affect your pocketbook.

No-cost credit freezes

Under the measure, consumers would be able to place and remove freezes on their credit files for free. Such actions could cost up to $30 if requests are made of all three major credit-reporting agencies, according to John Ulzheimer, a credit expert who has worked for FICO and Equifax.

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4 Ways To Bring Your Dream Kitchen To Life  

The kitchen is the heart of the home. It’s where we spend many hours whipping up delectable dishes to please every palate and food plan. It’s where we catch a quick morning chat over coffee and linger over dinners together in the early evening.

The kitchen is where it’s at.

It’s also the area of the home that sees the heaviest usage. All that food prep – and all that eating! – has your countertops, table, floors and appliances pulling full-time duty for hours each week. It is these reasons, beauty and practicality, that make kitchen renovations incredibly popular among homeowners. Give your kitchen a makeover, and you’ll almost feel like you’ve got a brand-new home.

Wondering how to make that happen? We’ve got you covered! Whether you’ve still got an avocado-green fridge, circa 1978, or your kitchen looks like it sprang out of a magazine and just needs a quick touch-up, we’ll show you how to give it a facelift on a budget.

Here’s 4 ways to bring your dream kitchen to life.

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5 Survival Strategies for Camping on a Budget

Exploring nature and sleeping under the stars can be viewed as an economical vacation. But buying gear and booking campsites or renting an RV can add up.

With some cost-saving strategies, camping can fit a variety of budgets, whether you’re planning a car or RV camping trip or backpacking. Try these tips to enjoy the outdoors free of technology, traffic and a big tab.

1. Search for free campsites

Don’t unplug just yet — before you leave, put your phone to good use by finding a campsite on sites like or

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Don’t Let Your Credit Die of Neglect

Certified financial planner David Rae says he used to think that “anyone who could draw breath” could get an auto loan. Then one of his millionaire clients tried to buy a car — and failed.

The 42-year-old client was turned down for a loan because he had no credit scores, says Rae, who is based in Los Angeles.

Nineteen million American adults are “unscoreable,” lacking enough recent credit history to generate credit scores, according to the Consumer Financial Protection Bureau. They either have “thin” files, with too few accounts, or “stale” ones that haven’t been updated in a while.

Roughly 7 million of these people are what credit scoring company FICO calls “credit retired.” They no longer actively use credit, but their histories are free from charge offs, collections or other negative marks that might indicate that “their exit from the credit mainstream was involuntary,” says Ethan Dornhelm, FICO’s vice president for scores and predictive analytics. Continue reading

SIU Credit Union Announces 2018 Scholarship Winners

Carbondale, IL – May 3, 2018 – SIU Credit Union is proud to announce the awarding of five scholarships to deserving students pursuing higher education degrees.  The scholarship presentations were made at our branches in Carbondale and Metropolis. Each received a $1,000 scholarship for the 2018-19 school year.  The 2018 scholarship winners, along with their institutions and fields of study, are noted below.

Cade Burgess: Scholarship Winner

Cade Burgess

Cade Burgess of Metropolis will graduate from Massac County High School in 2018. He plans to attend Murray State University and to become a Physician Assistant.

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