Financial Fundamentals Blog

7 17 Staff

7 17 Staff
7 17 Credit Union is a financial institution in Ohio.
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Recent Posts

How to Avoid These 3 Trending Financial Scams

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Fraud is on the rise, and there are so many different ways the scammers try to take advantage of people. Learn about the most popular scams and how to recognize the warning signs. Staying vigilant is the best way to protect yourself.

The Top 6 Reasons to Get a HELOC

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In addition to the value, security and personal fulfillment that comes with owning a home, the equity built up in your home can be a valuable financial resource as you face additional expenses and needs over time.

7 Proven Methods to Build Your Net Worth Over Time

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If you’re serious about building financial stability and long-term security, then you’re probably looking for ways to grow your net worth.

Weighting Your Options: Renting vs Buying Your First Home

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Owning a home isn’t merely a dream that you achieve once you reach a certain age. For many prospective homebuyers, the decision to switch from renting to buying requires a lot of planning, saving and carefully waiting for the right time to invest in a place of your own.

How to Navigate Senior Living Care Costs

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When we’re children, we depend on our parents to provide everything we need — from food and shelter to emotional support. Then, as we grow up and our parents age, the tables start to turn. The parents we used to depend on start to grow old and require new kinds of care to maintain their health and quality of life.

Secure Your Future with These 6 College Savings Plans

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The rising cost of college is a perennial concern for high school grads and their families. For Ohio residents looking to attend The Ohio State University, tuition and other costs have risen to more than $27,000 per year — or well over $100,000 for a four-year degree. The costs at local private schools or many public and...

Quick Tips to Enhance Your Password Security

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7 17 Credit Union is committed to providing our members with the safest online and mobile banking experience that we can by implementing the most sophisticated security technology. But we can’t do it alone. We want you, our members, to be aware of the measures you can take to safeguard your information. While we’ve compiled a...

How to Recognize and Guard Against Wire Transfer Fraud in Real Estate Transactions

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While the internet has become a staple in most people’s daily functions, it has provided another outlet for fraudsters. Over the last several years, wire transfer fraud has been on the rise, with billions of dollars lost. The internet makes wire transfer fraud easier to commit and harder to track.

Learn what you can do to protect yourself from money transfer schemes in the digital age.
 

Wealth Wisdom: The Key Components of Financial Literacy

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Financial literacy is a key part of life. And the sooner you learn how money works and how to make it work well for you, the more successful and confident you’ll be with your finances later.

Credit Unions vs. Banks: 6 Benefits You Need to Know

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If you’ve only done your banking at a traditional bank, the value of a credit union can be hard to understand. On top of that, the big advertising budgets afforded by banks mean that consumers start their financial journey having a stronger familiarity with big-name banks as opposed to local credit unions.

How to Utilize Your HELOC to Streamline Your Debt

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When debt grows beyond your ability to pay it off in a matter of months — or, in some cases, years — it’s time to consider other options for paying off that debt, managing the amount of interest you’re charged and building a plan to settle this debt and get your finances back on track.

Comparing HELOC and Home Equity Loan: Which is Right for You?

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On top of having a large space with a backyard for your family, undoubtedly one of the greatest benefits of owning your own home is using the equity you’ve built up to fund other goals. The equity of your home is the amount of your house’s market value minus the amount owed.