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 […]
Read More....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....
