What is a HELOC and When Should I Use One?
*Cue the trumpets* It’s time we introduced you to the royally awesome, incredibly useful financial solution known as a home equity line of credit, often referred to as a HELOC. If you felt a little disappointed by the end of that sentence, trust me, HELOCs are worth the hype! There’s more to these powerful loans […]
Read More....Celebrate International Youth Day With Financial Literacy Resources
August 12th, International Youth Day, illuminates pressing issues for rising generations, celebrating the positive contributions of young people while empowering them through community resources and opportunities for growth. Our members are the heart and soul of our credit union. To invest in their well-being and the prosperity of their loved ones, we’re honoring the day […]
Read More....What Are Home Equity Loans?
Home is where the “equity” is. And the more you have of it, the better. But what is home equity, what is a home equity loan, and how do you make the most of these helpful resources? What is Home Equity? Simply put, home equity is your home’s current market value, minus the amount you […]
Read More....National Financial Freedom Day
Most people site Independence Day when asked about the July holidays, but what about July 1st, also known as National Financial Freedom Day? This overshadowed and less-known designated day focuses on evaluating, motivating, and continuing positive financial habits, a need for most income-generating individuals. As you prepare to celebrate the freedoms we enjoy in our […]
Read More....Inflation Unveiled: Understanding, Coping, and Thriving
“Inflation” has lingered heavily on the minds of Americans for the past three or four years, inducing fear in up-and-coming generations grappling to hold onto the hope of financial stability. As prices continue to rise, more and more Americans, especially Millennials and members of Gen Z, are vocalizing the “death of the American Dream.” In […]
Read More....National Women Veterans Recognition Day: Helpful Resources
Wednesday, June 12, marks National Women’s Veterans Day, a day set apart to recognize women veterans who have and continue to serve and protect our country. With many female veterans struggling financially, 1166 Federal Credit Union’s CEO Annemarie Shinn — a veteran herself — shares insights and resources to address the financial struggles they face. […]
Read More....How to Save $5,050 in 100 Days
I don’t know about you, but when someone says I can save $5,050 in 100 days, I get in the savings mood. For those who find saving money not only a struggle but a dreadful task, the 100 Envelope Saving Challenge could be your quirky, yet practical, solution. Not only will you 100% save $5,050 […]
Read More....1166 FCU’s Shinn Featured on Front Runner New Jersey
1166 FCU CEO and CrossState Board Director, Annemarie Shinn, was recently featured on Front Runner New Jersey’s Ask the Expert column. Shinn discusses the importance of an emergency fund, and how to start one. The article give a step by step tutorial on how to setup an emergency fund and if and when it should be […]
Read More....FRNJ’s New “Ask the Expert” Column with Annemarie Shinn
1166 FCU is excited to announce that our very own CEO Annemarie Shinn is collaborating with Front Runner New Jersey (FRNJ) to bring you a brand new “Ask the Expert” twice-monthly column. The column will educate readers about financial literacy and provide enriching financial support to the community. The first column is scheduled to be released on April […]
Read More....Credit Cards: Insider Info You Need To Know
The first inklings of credit cards appeared as clay tablets in ancient Mesopotamia, at least 5,000 years ago, recording transactions between merchants for payment of goods or services that would come later. Today, we are all too familiar with those thin, rectangular pieces of plastic, so much so that 77 percent of U.S. adults have […]
Read More....
