No matter how skilled you are at budgeting, everyone runs short of money from time to time. Part of budgeting is ensuring you have enough cash in your checking account to pay bills when they are due. If you run short of money, or a deposit is late and your checks are returned, you could be saddled with fees for insufficient funds, returned checks, and late payments. When money is tight, you must consider how to avoid overdraft fees.
Inclusion in 2022 “America’s Best Credit Unions in Each State” Based on Criteria Focused on Customer Satisfaction.
Awards of $1,500 Per Year Support Multiyear Planning Efforts
iQ Credit Union has announced the inaugural recipients of its iQ for Kids three-year grants: Rocksolid Community Teen Center, Assistance League Southwest Washington and YWCA Clark County. The iQ for Kids Foundation has supported not-for-profit organizations that directly impact kids' lives in Southwest Washington and Oregon since the early 1990s, but this is the first time iQ has awarded multiyear grants.
The grant recipients are all local organizations that iQ for Kids has supported for years. The multiyear program is designed to provide additional financial stability while reducing organizations' need to spend time reapplying for donations.
The credit union received an Excellence in HR & Organizational Development award from the Credit Union National Association HR Council
There are so many new ways to pay for goods and services, but your checking account remains the foundation of personal finances. Consumers are getting more from their checking accounts than ever before. Online bill pay and electronic transactions make it easier to do remote banking online. Rather than writing a check, people are using their debit cards or smartphones for transactions. However, everything links back to your checking account.
People are generally uncomfortable talking about money, especially with their families. But children’s financial literacy is critical. These lessons will help prepare your kids for adulthood and living on their own, especially since schools rarely teach these valuable skills.
Whether you are saving for a car, a new home, or are planning for retirement, it’s important to understand how to create a balanced strategy to build your savings. Investments are the best way to get your money to grow over time, but you still need to have an investment time horizon to establish goals for the return on your money.
The internet has become an essential tool for everyone, especially during the pandemic. According to Pew Research Center, 90% of Americans say the internet is essential or important to them, and 40% are using the internet in new ways, including for online transactions.1