MoveCU Blog
How to build credit - with no credit history
Let us guess: When you were growing up, your parents put the “fear of debt” into you....
Myth vs. Fact: What being a member of a credit union actually means
For some, when they hear they have to become a member of something to join, it adds a whole other level of anxiety....
Are credit unions the key to financial inclusion?
To figure out what financial inclusion is, we must first define what financial exclusion is....
The women of credit union history
March is Women’s History Month! We would be remiss to not take a minute to highlight just a handful of the women...
Credit unions help wildfire relief efforts in a big way
We don’t shy away from being a VERY vocal supporter of credit unions. Afterall, they are why we do what we do at MoveCU....
Credit unions have an age problem
If every time you walk into your local credit union, you think, “Wow, everyone here is older,” you aren’t wrong. According to a recent survey...
Credit unions stand as a constant source of support in times of need
If you start looking around at the founding dates of credit unions around the United States, you’ll notice many of the oldest ones have something in common – they were founded during the Great Depression....
Four easy steps to start putting money into savings
Costs add up fast and it can seem like putting money aside is a far fetch dream. But even the smallest amount can lead to big rewards. Most financial experts recommend having between...
Three ways to defeat working from home burnout
Pandemic fatigue is nothing new. It has been over a year since we have turned our kitchen tables into offices and classrooms, but there is a glimmer of hope nearby...
Auto loan financing: banks, credit unions, dealerships, oh my!
Buying a car comes with a lot of decisions to make. Picking the right type of car for you, spending time online or at dealerships looking for the right car...
Five tips when using a credit card
A credit card is a valuable tool when used responsibly. It is often safer and more convenient than using cash or debit. Plus, it can be highly rewarding as it can boost your credit score...
How to track expenses in three easy steps
Tracking your expenses can seem like a daunting task - adding, subtracting, dividing. But it is worth it. Pinpointing your spending habits will help you discover how much money you are actually spending and on what...
Three tips for supporting teams in remote environments
A sense of normalcy has started to hit many of us as restaurants, storefronts, and businesses reopen. As some venture out of their homes and return to some activities, many of us are still...
It is time to ditch your high-interest credit card
Across 506 million card accounts in the United States, the average credit card debt is about $6,270 (1). This tallies up to $807 billion owed by Americans. That is enough to pay for 200 billion people’s morning coffee...
Five financial literacy organizations you should know about
For many people, the topic of personal finances is confusing and overwhelming. With the vast array of free tools, such as online resources, books, and podcasts, it is hard to get through all the information; let alone know where to start...
Where do your federal tax dollars go?
It is that time of year where we prepare for our taxes, looking at how much money we made and how much money was taken for taxes. If you are...
Is rent or buying a home right for you?
It is the age-old question: Is it better to rent or buy a home? There are many pros and cons to each option but deciphering which is right for...
Lenders giving borrowers second chance loans
Socioeconomic factors can play roles on credit scores, but various financial institutions have taken it upon themselves to give borrowers a...
Health and finances - how do they relate?
People tend to have a good sense of what it takes to improve their physical health, but do they know how their physical health correlates...
Four tips to help you get your finances back on track post-covid
Let’s be honest, 2020 was a hard financial year for most people. Many companies had to layoff or furlough their employees, which led to...
How late can you be on payments?
Have you ever come across a bill past its due date? Or catch yourself trying to remember if you submitted a payment? It is frustrating and...
Apps that can help reduce and eliminate debt
Paying off your debt can feel like a never ending task. Fortunately financial technology is booming and there are various debt management apps you can...
How to effectively work remote
Trends in recent years, pre-pandemic, have shown that business and technology have shifted toward a new standard of work flexibility for employees...
Five ways to prevent identity theft
Today’s digital world offers convenience, endless choices and ease. From your computer, phone or tablet you have the ability to purchase anything, anytime from...
How to invest your money in five easy steps
Learning how to invest your money may seem daunting, but it does not have to be the case. In fact, it can be easier than it seems and you can start...
The credit union industry’s growth in the past decade
You have a lot of options when it comes to choosing a financial institution to keep your money. We find that the majority of people choose between...
Four Steps to Set Up Your 2021 Budget Plan
No matter what this year looked like, it is time to plan for your best financial year yet! Whether you are still employed, furloughed or laid off...
What errors to look for on your credit report
You have been doing what you can to build and maintain a high credit score but your report does not reflect that. So what could it be? A study conducted by...
How to improve your credit score
Your credit score - the number that evaluates and rates your creditworthiness based on credit history - is an important factor in your...
Three ways online banking saves you time and money
As part of the boom of digital banking, online banking offers many perks to help you streamline and simplify your cash flow. By granting you...
Six financial tips to avoid overspending this holiday season
The largest gift-giving season is just around the corner, and this year it will be different as many of us will not travel to visit family and...
Five steps for getting an auto Loan
You are in the market for a car, but unless you have saved a lot of money you will need to borrow some money to get your car. Do not worry, buying a car is not...
Three factors that contribute to the next generation of borrowers financial decisions
As an online based fintech, we are not geared toward just millennials. Our one mission is to connect credit unions with the next generation of borrowers. We believe that...
What is a credit score and why is it important?
We all have a credit score but many individuals do not understand what that means and why it is important. A credit score is the number that...
Top Five Components of Financial Literacy
Building your financial literacy level probably is not high on your to-do list. But, learning how to manage your money is an imperative life skill. With the vast array of books, blogs, podcasts, and much more accessible today for free, it is hard to...
How financial institutions are standing by their members during this public health crisis
When the economy partially shut down earlier this year due to the public health crisis, most companies could not predict that more than...
Three ways To successful debt consolidation
One common strategy to pay off debt is debt consolidation, which involves combining multiple debts from credit cards, loans, and other bills into one monthly...
Online and digital banking - is it safe?
With customers utilizing smartphones, tablets and other devices everyday (prior to COVID but even more so now), technology has been driving substantial changes in the way people...
Tips for starting and sticking to a budget
The idea of starting a budget and sticking to it can seem overwhelming and daunting. As humans, we like habits and breaking them can be uncomfortable, especially when it means...
Save time and money at the grocery store with these three tips
I don’t know about you guys, but I used to like grocery shopping. I would go weekly (sometimes multiple times a week) and spend my time walking up and down aisles deciding...
Four common uses for personal loans
The money you borrowed for your personal loan can be used for just about anything. Whether you are researching if a personal loan is right for your needs...
Four ways To earn extra money from home
Do you find yourself at home looking for something to do? Maybe the weather outside is keeping you in, or you have finished binging shows on Netflix. Maybe you are looking for...
What we value - community, transparency, education and drive change
MoveCU aims to connect credit unions with the next generation of borrowers. Our values benefit both the customer and credit union by uniting the industry and becoming the...
Five reasons you should choose a credit union car loan
So, you’re shopping for a new car. The financing program that your auto dealer is offering sounds great up front, but unfortunately you weren’t approved. However...
Banks vs credit unions - four differentiating factors
When it comes to financial institutions, banks and credit unions out rank alternatives. While they both offer similar services, their business models create various differences...
Banks predatory hard-sell lending practices
After the financial crash of 2008 you would think banks learned their lesson, but they are still continuously coming under fire for their predatory lending practices. According to...
Five frustrations consumers' have with their banks
Consumers’ frustrations with their primary financial institutions range from simple to outright rage. Although, how far will their frustrations go before a consumer will leave for...
Is digital killing the bank branch?
The increasing “drive-to-digital” in the banking industry begs the question, “What will happen to traditional bank and credit union branches?” Will they stay the same, evolve in a dramatic way or just...
Loan denials
So you applied for a loan and did not qualify, now what? First and foremost, do not give up! It is nothing personal and there are several potential reasons for the denial. Take this opportunity to...
Five ways to eliminate financial stress
Prior to the unprecedented challenges facing our economy, unemployment was down to 3.5%, the lowest rate in half a century. By the end of May, COVID-19 led to this era’s second highest...
Credit cards
We have launched credit card applications! Before you head to our home page to fill out your application, let’s take a few minutes to discuss credit cards and how using it wisely will help you...
CO-OP financial services
Credit unions understand customers demand for easy access to their accounts wherever they live, work or travel. While the use of mobile and online banking is convenient, there are still...
What is the difference between adjustable-rate and fixed-rate mortgages?
As the economy begins to open back up from the COVID-19 pandemic, recent reports show that homebuyers are ...
Banks vs. credit unions: fees – where does my money go?
Recent reports show that banks have raised fees like overdraft and out-of-network ATM fees to record levels. According to Bankrate’s annual checking survey...
Benefits of mobile banking
Technology is driving substantial changes in the way people interact with the banking industry. According to The Consumers and Mobile Financial Services 2016, 71% of bank customers...
What is the difference between a soft and hard credit inquiry?
Credit score. This number can often seem mysterious and complicated, and is the subject of certain myths and much confusion. For something that has a large effect on daily life...
Banks vs. credit unions: by the numbers
Are you getting gouged by fees and feeling frustrated by the service you receive at your bank, but still not certain that a credit union is a better option? Let’s break it down by the...
Five common myths about credit unions
Popular belief about credit unions holds some fallacies that, while may have held some truth in the past, are no longer accurate. Some of these (false) reasons may even be holding you back from...
What is a personal loan & Does it make sense for your needs?
We here at MoveCU are excited to launch personal loans and credit cards! The timing of this addition we hope will help many individuals amongst the financial hardships they are facing today...
Who uses credit unions?
The initial credit union idea was focused around small collectives of people who shared a common bond being able to form nonprofit organizations to provide access to...
Top eight reasons you need a credit union
Credit unions were created over one hundred years ago in order to offer communities a low-cost alternative to banks, with individuals pooling their money to make loans to each other. Today, credit unions are...
COVID-19 is chaotic, your finances do not have to be
In this global time of uncertainty, there is a lot we do not know. But we do know that our community is committed, compassionate and ready to move forward...