SIU Credit Union Blog

How to Protect Your Money and Accounts Online

Being able to bank or shop online is a great convenience, but you want to be sure you’re protecting yourself before you hit “send.” If the wrong people access your accounts, you might find yourself with a lot less money than you thought. Here are six steps you can take to help make sure that doesn’t happen.

1. Do your online shopping/banking from home

You’ve probably taken steps to secure your home network, so it makes sense to do most of your online activity there. Public computers are convenient, but be careful about entering passwords and sensitive account information when using these machines. Many will keep your login data in the web browser history, so after you leave, the next person who uses the computer might be able to see what you typed and access your account.

Sale advertisment on screen of laptop

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6 Questions First-Time Homebuyers Should Ask Themselves

There are certain milestones that mark important times in our lives. Sitting in car for the first time all alone with our new driver’s license, walking across the stage at graduation, completing college or beginning our first full-time job. These all make us take a pause and feel a huge sense of gratification.

Part of the American dream is to become a homeowner. We dream of a place that we can call our own. A place that is comfortable and safe. A place we are proud of. A place where we can plant the roots for our future. To some however, the process seems so overwhelming and the concern of whether or not you are “doing it right” deters some from achieving the goal.

So how do you know if you are ready to become a homeowner?

Here are six areas you will want to consider that will make your decision to buy a home the right one.

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Stay a Step Ahead of Fake Check Scams

Maybe you receive a letter stating you’ve won a foreign lottery but must wire back part of the enclosed check to pay taxes. Maybe someone offers to buy your online auction item but writes a check for more than the purchase price, asking you to wire back the difference. Or maybe you are offered a mystery shopping opportunity in which you make purchases with money from a provided check and then wire back the rest.

Whatever the pitch, don’t be fooled. The check is fake, and it’s a scam.

It works like this: The crook sends you a check, and makes up a reason for you to deposit it and wire some of the money back—such as paying fees on a sweepstakes you’ve won or returning the excess from a check for which they “accidentally” wrote the wrong amount. The checks look real, and often are printed with the names and contact information of actual financial institutions.

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SIU Credit Union Sponsors Knock Hunger Food Drive

Food and Monetary Donation Presented to Marion Ministerial Alliance

Carbondale, IL- August 11, 2016  With support from our staff, members, communities, and partners, the SIU Credit Union sponsored Knock Hunger Out of the Park food drive was a success. Approximately $7,500 in non-perishable food and monetary donations were collected to benefit the Marion Ministerial Alliance.

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“I’m very pleased that our staff put so much heart into this year’s Knock Hunger out of the Park food drive.  Everyone at SIU Credit Union is incredibly dedicated to making a difference in the communities that we serve,” said Karli Feldhake, Vice President of Marketing for SIU Credit Union. “We had a blast at Miners game and to top it off we surpassed our food drive goal!  Thank you to our staff, members, and community partners for their overwhelming support.”

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7 Ways to Protect Your Credit Score

When you swipe your credit card, you might not be thinking about what your creditors are doing to make sure they recover the money they just loaned you. But, as you make your next purchase, make sure to protect your credit score.

Your credit score is a three-digit number that creditors use to assess how likely you are to repay your loans. A high score can help you qualify for the lowest interest rates and gives you the ability to borrow money for purchases.

Here are seven things you can do to make sure your credit score stays healthy:

1. Pay back your debts on time.

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How You Benefit by Choosing a Credit Union

Financial institutions can appear to be alike from the outside, but once you look inside, you remember the reasons you chose (or are about to choose) to become a member of SIU Credit Union:

Competitive car loans

Couple car shopping

The National Credit Union Administration (NCUA) reports that in 2014, credit unions charged a 2.72% interest rate for the average 36-month used-car loan. Compare that to the 5.26% rate that a typical bank charged during the same time period.

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