Financial Fundamentals Blog

Unveiling Key Differences Between Refinancing, Home Equity Loans, and HELOC

  • 7 17 Staff
One of the benefits of owning your home is the ability to tap into the equity built up in it in order to achieve your goals. But when you’re looking at refinancing versus a home equity loan versus a HELOC, how do you know the differences between them — or which is best for your situation? Today, we’re digging into the pros and...

Unlocking the Power of Financial Growth: A Comprehensive Guide To Certificates

  • 7 17 Staff
Let’s say you’re saving money toward a goal. Maybe that goal is retirement; perhaps it’s a new house; or maybe you’re planning on taking yourself on a well-deserved vacation.

Impulse buying: What it is and how to stop it

  • 7 17 Staff
We’ve all been there: retail therapy after a bad or long day, new clothing, books or home items that caught your eye in an influencer’s post—even tacking on a candy bar in the checkout line or a latte while grocery shopping. All of these unexpected purchases that were made with little to no consideration are known as impulse...

Secure, Swift and Convenient: The Future of Mobile Banking

  • 7 17 Staff
Mobile banking apps have become a necessary part of the overall banking experience, and many of us can’t imagine not having them as part of our financial tools. They’ve made paying bills, checking on accounts, transferring money, exploring other financial products and depositing paper checks much easier than before. And with...

Financial Freedom Awaits: Setting and Achieving Your Long-Term Goals

  • 7 17 Staff
What does financial freedom mean to you? Is it paying off credit card and loan debt? Saving for a house? Being well prepared for retirement? Improving your credit score?

Inflationary Realities: Adapting Your Budget To Economic Pressures

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Inflationary pressures on personal budgets have a huge impact on your day-to-day. Suddenly, the same gallon of milk you bought last month is twice as expensive. You’re keeping track of every mile you drive in your car.

Exploring the Pros and Cons of Different Types of Checking Accounts

  • 7 17 Staff
Regardless of the type of checking account you choose, one thing should always be true: Your checking account should give you more power over your money. That said, you do have options.

Debit Card Advantages and When to Reach for Your Debit vs. Credit Card

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Debit and credit cards look nearly identical, enable you to make purchases more conveniently and can even offer rewards. But that’s where the similarities stop.

Choosing the Right Checking Account: Personal vs. Business

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If you’re a business owner, it’s important to understand the difference between a business checking account and a personal checking account, and to utilize the right checking account for the right purpose.

Checking accounts vs. savings accounts: Leveraging your financial options wisely

  • 7 17 Staff
You’ve likely heard the terms checking account and savings account thrown around a lot. What you may not know is how they differ and how they can be used to efficiently manage your money. Today we’re taking a look at checking versus savings accounts and how you can leverage both to put your money to work for you.

The Ins and Outs of Tax Deductible Donations

  • 7 17 Staff
Disclaimer: 7 17 Credit Union is providing this information for educational purposes only. 7 17 does not offer tax advice; please consult a qualified tax professional for matters related to your finances. With many people facing a wide array of financial challenges, more and more people are turning to nonprofits and charities...

The Top 6 Benefits of Keeping a High Credit Score

  • 7 17 Staff
Financial experts all talk about the importance of building and maintaining good credit. But what exactly does this mean — and why should consumers care? If you haven’t pulled a credit report or applied for credit recently, your credit score might not be at the top of your mind. But your credit score plays a crucial role in...