Financial Investing for Beginners: Make the Most of 2025
Believe it or not, you’re already a pro at investing. Maybe not financial investing, but bear with me. At its core, investing is dedicating resources to something with the expectation that you’ll see growth come from that decision. That’s something you do every day! Check it out: You invest love into your relationships with friends, […]
Read More....A Letter From Our Committee Chairmen
As we swiftly approach the new year with excitement and anticipation, it brings me great joy to share and reflect on the success of 1166 Federal Credit Union with our valued members. At 1166 FCU’s Annual Members Meeting on November 21st, 2024, our board of directors shared key insights with our community about the Credit […]
Read More....Supervisory Commitee’s Bi-Annual Review and Year-End 2024 Statement Approaches
To help detect errors or fraud, 1166 Federal Credit Union’s Supervisory Committee must independently verify or cause the verification of the Credit Union’s member accounts once every two years. The audit will commence this year during the December 2024 year-end statement mailing. If you have any issues or concerns about the accuracy of your 2024 […]
Read More....Fun and Affordable Holiday Activities: The Ultimate List
Are those jingle bells I hear? Or is that the sound of coins rattling in near-empty pockets after an avalanche of not-so-affordable holiday expenses? *Gulp* If you asked Santa for a big sack of cash this Christmas, you’re not alone! The financial strain of Christmas time is constantly battling the desire to enjoy as much […]
Read More....Immediate Attention Required For All Business Account Holders!
Tick tock! The beneficial ownership clock is ticking for 1166 FCU business account holders. New law, effective January 1, 2024, requires all business account holders to provide a copy of their Beneficial Ownership Information documents for the Credit Union’s files. All existing business account holders must register by January 1, 2025. The fine is $500 per day, […]
Read More....1166 FCU’s Annual Members Meeting
On November 21, 2024, 1166 FCU will hold its Annual Members Meeting over Zoom at 4:30 p.m. This virtual meeting provides a valuable opportunity to connect with the board of directors and fellow members, discuss the credit union’s direction for 2025, and share ideas. 1166 FCU is committed to transparency and member involvement. When members […]
Read More....Feast on Savings With Thrifty Thanksgiving Tips
Breathe it all in… pumpkin spice lattes, crisp apples, brown sugar, fresh bread…am I drooling? Thanksgiving is in the air, along with plans for get-togethers galore. However, these filling festivities can leave bank accounts looking starved. To help you avoid that fate, we’ve cooked up some ways to keep you AND your wallet stuffed this […]
Read More....Bankruptcy: To Fear or Not to Fear
“I declare…BANKRUPTCY!” – Michael Scott, The Office While I often feel like sarcastically quoting this after paying $7 for a Starbucks coffee, bankruptcy is not an ordinary, everyday occurrence. Nor should it be, as it’s not something to take lightly in business or personal finances. However, this debt-relieving legal process can give individuals a “fresh […]
Read More....1166 Federal Credit Union Seeks Food Drive Donations for CU Kind Day
1166 Federal Credit Union (1166 FCU) is proud to participate in CU Kind Day 2024, observed Monday, October 14. CU Kind Day is a collaborative effort designed for credit union employees, members, partners, and volunteers to spread kindness through various community projects. To address the growing hunger crisis in its communities, 1166 FCU will participate […]
Read More....1166 FCU Makes Strides To Combat Language Barriers in Banking
The Federal Deposit Insurance Corporation’s National Survey of Unbanked and Underbanked Households finds that 15 percent of U.S. Hispanic households are unbanked. With 49 percent of this population citing a lack of English proficiency as the main reason for not having a bank account, financial institutions like 1166 Federal Credit Union are taking steps to […]
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