Credit and Loans

What is a home equity line of credit? HELOCs explained.

Maybe you’re interested in adding a deck to your house. Or maybe you want to help pay for your daughter’s wedding. If you’re a homeowner looking to borrow money, a HELOC might be a good option for you. So what is a home equity line of credit? In short, a HELOC is a revolving line of credit you can access by borrowing against the equity in your home. (Equity is the value of your house minus what you owe on it.) You can use these low-interest loans for just about anything, and approached correctly, a HELOC can be a smart way to borrow money: Here’s what you need to know about this kind of loan.

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Author SAC FCU Managing Editor

Identity Protection

Cell phone security: Protect financial info on mobile devices

Mobile banking has revolutionized the industry, giving you the ability to check your balances from anywhere, transfer funds, and even click your way through a loan application.

But along with that convenience and efficiency come risks if your devices aren’t adequately protected. Cell phone security has been a hot topic for the past few years, and for good reason. As people put more of their personal information onto smartphones – including financial data – identity theft can quickly become a danger if a phone falls into the wrong hands. Here are some tips for protecting yourself.

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Author SAC FCU Managing Editor

Budgeting and Saving

Wondering how to save money? Step 1: Read the fine print.

It’s a recurring theme for financial success: know what you’re getting yourself into. Whether you’re opening a checking or savings account or applying for a loan, reading the fine print is one of the best ways to ensure you fully understand the financial product. Below, learn how to save money by paying close attention to the terms and conditions.

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Author SAC FCU Managing Editor

Budgeting and Saving

Make your first paycheck go further by creating a budget

Ah, there’s nothing like the thrill of getting that first paycheck from your first “real” job after college. You’ve probably spent it a million different ways in your head already, but before you use up the real thing, take a look at our tips for creating a budget. Get started on the right foot by allocating funds to savings, retirement, and more. And don’t worry: We’ll leave some room for the fun stuff, too!

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Author SAC FCU Managing Editor