Financial Fundamentals Blog

Debt Consolidation vs. Bankruptcy: What’s the Difference?

  • Francesca Sacco
  If you’ve racked up debt you’re now struggling to pay, it’s easy to feel like you don’t have good options to restore your financial stability and dig yourself out of this hole.   Whether it’s medical debt, consumer debt or a mix of different kinds of debt you’re unable to pay, it’s important to remember that even when your...

Should I Get My Car Loan Through a Credit Union or a Bank?

  • Francesca Sacco
  If you’re planning on buying a vehicle soon, you’re likely going to be seeking financing for that purchase. Eighty-five percent of all new car purchases in the United States, and 53% of all used car purchases, rely on some amount of financing to close the deal.   Financing can affect how much you end up paying for your...

Car Buying Options: Should You Buy New or Used?

  • Francesca Sacco
Most consumers view a vehicle purchase as a mix of meeting transportation needs while indulging in certain conveniences and fun features of whatever vehicle they purchase. Even though a car purchase is typically a necessity, it’s hard not to have your purchase influenced by your emotional impulses.   As you start your search...

How Much Do I Need to Save To Retire? (+ Calculator)

  • Francesca Sacco
  For many individuals and households, the ultimate financial goal is saving for retirement and achieving financial security by building net worth throughout your working years.   But when planning out your finances years and decades into the future, it’s difficult to account for every variable you might face. From medical...

7 Tips for Building Net Worth Over Time

  • Francesca Sacco
  If you’re serious about building financial stability and long-term security, then you’re probably looking for ways to grow your net worth.   While a steady income is the root of all financial security, your net worth also reflects your ability to achieve long-term financial goals and overcome unforeseen financial obstacles....

7 Financial Lessons to Teach Your Kids

  • Francesca Sacco
  Parents have a lot of aspirations when choosing what lessons and skills they plan to teach their children. But if money management and other financial lessons aren’t near the top of that list, they should be.   Although children are too young to earn an income and pay their bills, childhood is a time when many financial...

Tips to separate your personal and business finances

  • Francesca Sacco
As a business owner, it’s important to establish a distinct separation between your personal finances and your business finances.

Tips to make your passwords more secure

  • Francesca Sacco
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...

Mortgage Options: What to Consider Before Applying

  • Francesca Sacco
Ready to hit the housing market and find your new home? The formal process starts with applying for a mortgage, getting prequalified, locking in a rate and hitting the market in search of a home that fits within your budget.   Before you fill out that application, though, you’ll want to take care of some important housekeeping...

7 17 Credit Union Scholarship Applications Now Available!

  • Francesca Sacco
As a community-minded financial institution, 7 17 Credit Union provides services and products that make a difference for our members and the communities we serve. Our products and services cover a broad range of needs, including checking, loans and for a lucky few, scholarships to offset the cost of higher education or trade...

Learn more about account takeover fraud and how to protect yourself

  • Francesca Sacco
Fraudsters will stop at nothing to gain personal information, and when they succeed, the end result can be disastrous. One type of fraud that is gaining traction is account takeover fraud, or ATO. Account takeover fraud, also known as account compromise, occurs when a cyber-attacker gains control of a legitimate account.

Important information about the Advance Child Tax Credit Payments

  • Francesca Sacco
As a part of the American Rescue Plan Act, enacted in March, eligible families began to receive Advance Child Tax Credit payments on July 15.