Saving for Retirement: Traditional IRA vs ROTH IRA
56% of Americans feel behind on saving for retirement, yet 25% of workers haven’t made retirement contributions in at least a year, according to Bankrate. For some, retirement is right around the corner, so much so that it can feel more scary than exciting. For others, it’s tempting to sweep saving plans under the rug […]
Read More....Personal Loans: A Quick and Easy Guide
You have needs, wants, desires, and dreams. Much to our chagrin, achieving these aspirations requires money. But what if you don’t have the cash you need? A personal loan is a viable option when you need financial support to accomplish your goals. What is a personal loan? Personal loans are sums of money individuals can […]
Read More....Louise McCarren Herring and Annemarie Shinn, supporting Tri-State’s Underbanked Population
To celebrate Women’s History Month, we’re highlighting “The Mother of Credit Unions,” Louise McCarren Herring. Louise had a vision to create a not-for-profit financial cooperative and joined the credit union movement in 1933. She organized over 500 credit unions in Ohio and became the founder and first managing director of the Ohio Credit Union League, […]
Read More....Understanding Credit Scores: No Luck Required
March is the month of four-leaf clovers and Leprechauns, but did you know it’s also the perfect time to learn about credit and credit scores? That’s because March is National Credit Education Month! What’s even better? You don’t need any luck to be a credit expert! What is Credit? Let’s start at the beginning. What […]
Read More....2 Debt Repayment Strategies You Will Love
Does reading “debt repayment strategies” send a shiver down your spine? That wouldn’t be the only cause for a case of the chills. The temperatures are dropping, the wind is howling, and it takes me at least 10 extra minutes to leave my warm, cozy bed each morning. February is here, and with it comes […]
Read More....1166 FCU Joins Two Local Chambers of Commerce
1166 Federal Credit Union is thrilled to announce its membership to two local chambers: the Chamber of Commerce of Southern New Jersey (CCSNJ) and the Gloucester County Chamber of Commerce (GCCCNJ). Chamber membership gains 1166 FCU access to valuable resources that foster growth for the organization as well as its communities. As a long-term advocate […]
Read More....CEO Annemarie Shinn Speaks With the Delaware News Journal
In late 2023, 1166 Federal Credit Union expanded its service area to reach underserved and underbanked communities in Southern New Jersey, Southeastern Pennsylvania, and Northern Delaware. To inform eligible communities about the credit union’s recent charter expansion, as well as its services, the credit union’s CEO Annemarie Shinn spoke with Anitra Johnson from the Delaware […]
Read More....3 Financial Resolutions To Kick Start 2024
It’s the new year! You know what that means: New Year resolutions. While hitting the gym and eating healthier are popular resolutions for a reason, financial resolutions are the real unsung heroes of 2024 prepping. Financial resolutions are the gateway to achieving additional yearly goals. For example: Creating a budget → ability to afford a […]
Read More....Help Seniors Recognize and Defend Against Scams and Elder Fraud
Seniors are swimming in fraud-infested waters, vulnerable to scammers eager to take a massive bite out of their victim’s finances. It sounds dramatic, but these attacks are serious, and learning to prevent them is essential to protect the financial wellness of your loved ones. In 2022, 88,262 people over 60 fell victim to elder fraud, […]
Read More....1166 FCU Hosts Annual Members Meeting
On November 16, members of the 1166 Federal Credit Union gathered for our Annual Members Meeting, the first such in-person meeting since 2019. Attendees learned of the organization’s progress from Board members and Executive Director Annemarie Shinn, as they enjoyed fellowship, food, and drinks at the Swedesboro Brewing Company. We’d like to thank all the […]
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