The big banks and brokerages are “calling” high-rate CDs! Do you know what that means? CD rates are falling, but you locked in a nice high-rate CD with a big bank or brokerage firm, so you think your returns are safe, right? Don’t bet on it! Many high-rate CDs are “callable,” meaning the big bank...Read More

Written by Chris O’Shea Things you should know about installing solar panels on your home. Adding solar panels to your home can reduce your environmental footprint and save you some cash. However, while there’s no denying the former, the latter can be a bit tricky. Here’s what you should know about the costs and considerations...Read More

Written by Chris O’Shea The pros and cons of 401(k) loans. A 401(k) loan can be a useful financial tool. As the name suggests, it allows you to borrow money from your 401(k) and use that money on other expenses. There are a few factors where it may make financial sense as an alternative to...Read More

(That Aren’t Snowball or Avalanche) Written by Jean Chatzky Consider these methods for paying down your high-interest debt. Do one thing: Set aside an hour and take a look at your last two months of financial statements. Review credit card expenses and checking account expenditures to see where your money is going.  Debt Weighing Heavy on...Read More

Written by Jean Chatzky A quick and painless way to shave dollars off your monthly bill and hundreds of dollars off your total interest paid. Ever thought about refinancing your car loan to capture a lower interest rate? It can be done.Unlike refinancing a home mortgage, the process is quick, and easy, with relatively low...Read More

Theresa Trimble, our President & CEO, is often asked “why should I bank at your credit union instead of one of the big banks?”  She always explains how credit unions exist to serve their members—we don’t have stockholders demanding a return on their investment. Because we focus on our members’ needs, we charge low, and often...Read More

Our CEO Theresa Trimble Has Been Named to the Board of the Credit Union Women’s Leadership Alliance (CUWLA)! We’re extremely proud to have Theresa representing us on the board of this wonderful organization. The CUWLA are leaders of the credit union movement who are passionate about sharing ideas and building a diverse, inclusive network while...Read More

Article Written by Chris O’Shea Some common money missteps to avoid with your financials. It can be easy to make mistakes with money. It’s easy to make mistakes with anything. However, with money, there are certain pitfalls that are easier to avoid than others. Here are some common money mistakes that can be avoided with...Read More

Everyone has Direct Deposit—so does it matter where you have your Direct Deposit set up? We’re glad you asked because it sure does! Don’t miss out on these 5 great benefits of having your Direct Deposit at FRBFCU®: Who wants to get paid early? Everyone! Payroll, Social Security, Pension, you name it. If your payment is set up...Read More

Written by Jean Chatzky When it comes to teaching children about money—including the importance of saving for the future—it’s smart to start early. And it’s really up to us, the parents, family members, and mentors of the next generation, to drive these points home. While it may seem a little daunting, building a strong financial...Read More