1166 FCU Extends a Warm Welcome to Its Newest Board Member: Oliver Ayon
1166 FCU is thrilled to announce the addition of its newest board member, Mr. Oliver JJ. Ayon, a position he graciously accepted on October 24th, 2023. Oliver is head of Stern & Eisenberg’s Compliance Department, serving as the Chief Compliance Officer. Oliver’s career took off within the default industry in 2006 where he served as […]
Read More....1166 FCU Charter Change
1166 FCU charter change removes its restriction to serve those affiliated as select employers only and approves it to serve more than 1.5 million additional members. This charter change is a result from the National Credit Union Associations’ approval of the credit union’s Strategic Planning Committee’s application to increase the size and scope of its […]
Read More....Closing the Wealth Gap: Credit Union Expands Services for Tri-State’s Underbanked Population
Members of unbanked households often cite a distrust of banks as a primary reason for not having a bank account. The alternative for these individuals is costly products such as check cashing services and payday loans that perpetuate a cycle of debt. The credit union!s vision is to empower financial success by eliminating the fear […]
Read More....Credit Unions vs Banks
What advantages do credit unions have over traditional banks? Many of us are no strangers to traditional banks but credit unions are a different story. “Credit unions…they do stuff with money, right?” Here lies the typical response I get when I ask younger generations what a credit union is, and I don’t blame them! Gen […]
Read More....How to Build Credit When You Have None
Building credit scores and cartwheels. What do the two have in common? Surprisingly more than you think. Let’s bring Simone Biles into the conversation. Yes, gymnastics legend and Olympic Gold Medalist Simon Biles (stay with me, I promise there is a method to my madness). Simone Biles has an insane history of being good at […]
Read More....Creating a Monthly Budget
Creating a monthly budget brings out the imaginary angel and devil on my shoulders. The angel whispers, “I’m so proud of you! This will help you reach your goals and financial stability!” and the devil retorts with, “Remember that dress you saw on TikTok? What if we got Chick-fil-A on Monday…and Wednesday? What about your […]
Read More....How to Achieve Financial Stability
What is the secret key to financial stability? I wish I could say it’s a combination of jumping on one foot, spinning around 3 times, and getting a full 8 hours of sleep, but unfortunately, there’s no single recipe for success. However, there are key areas of focus that can readjust your financial trajectory. Acknowledging […]
Read More....Three Financial Services to Support the Gig Economy
Hold up…what’s the gig economy? The International Revenue Service (IRS) defines the gig economy, also known as the sharing or collaborative economy, as an “activity where people earn income providing on-demand work, services or goods.” Instead of a 9 to 5, these individuals work 3 to 4…or 8 to 12…or whatever hours they choose. Gig […]
Read More....What is an Emergency Fund?
“If only I set up an emergency fund when 1166 FCU told me to!” To stop these words from ever coming out of your mouth, I’ll give you the rundown on this extremely helpful and proactive saving solution. But first, picture this. Your car breaks down this weekend. It’s going to cost a pretty penny […]
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