SIU Credit Union Blog

Category: Financial Resources (page 1 of 8)

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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Young Adults Use Digital Skills to Find Best Car Deals

According to the research firm J.D. Power and Associates, the average age of new car owners fell in 2015 from 49 to 48, spurred in part by a growing number of Gen Y buyers. The generation of young adults often thought of by analysts as Uber-obsessed and debt-averse, now comprise 28% of sales–up from 17% in 2010.

Bloomberg View argues that people across all age groups are spending less of their income on cars today than they did in the ‘80s and that the record number of sales is driven by a recovering economy and population growth–pointing out that the U.S. population increased 29% between 1989 and 2014–rather than a sustainable trend.

Regardless, it’s clear more young adults are buying cars today than in the recent past. If you’re a young adult shopping for your first car, you have some advantages.

Here are three things to consider: Continue reading

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When You Need an ATM, a Bigger Network is Better

Convenience

When you need convenient ATM access without paying a surcharge, a bigger network is better.  SIU Credit Union is pleased to belong to the CO-OP ATM network, the largest credit union-owned ATM network in the United States. The CO-OP ATM network operates nearly 30,000 surcharge-free ATMs across the country for the benefit of credit union members.  How convenient is that?

Anyone who’s had to wander from place to place searching for an in-network ATM knows the value of more locations. CO-OP ATM network locations are found in credit union branches, supermarkets and 7-Eleven® stores, as well as a multitude of freestanding locations.  Simply put, they’re everywhere. And they are always surcharge-free for SIU Credit Union members.

Choice

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Membership Has Its Rewards

Loyalty has its privileges, and we believe in rewarding our loyal members.

Just for being a SIU Credit Union member, you’re part of our Power Points Rewards program. You earn and accumulate points on all qualifying debit card purchases, adding new services like our Visa Credit Card, or using our free services such as online banking or bill pay.  Points are easily redeemed for gift cards, certificate premiums or even consumer loan discounts! And Power Points don’t expire, so save them up to get what you really want.

ALWAYS SAY CREDIT! Be sure to sign for debit transactions rather than entering a PIN, since only signature-based transactions earn reward points. If prompted for a PIN, but would rather sign for the purchase, simply ask the cashier to run the transaction as credit.

Power Point Coins Continue reading

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