logo

fb-top phone icon 34319.266.7531
800.376.3090

 

CFCCU Blog

SHAZAM BOLT$

bolt banner2WE NOW HAVE SHAZAM BOLT$...

SHAZAM BOLT$ allows cardholders to do the following:
•View balance information for a primary account attached to a debit card
•Receive transaction alerts in the SHAZAM BOLT$ application
•Receive suspected fraud alerts
•Set up alerts for transactions exceeding a certain dollar amount, card-not-present transactions, and international transactions

SHAZAM BOLT$ also allows cardholders to take control of their account using transaction control. With transaction control, if your card is lost or stolen, or you just want to pause it while traveling, you can block or unblock your card with the quick tap of a button.

SHAZAM BOLT$ is available as a mobile application and online. The mobile application is available for free download from the iTunes® App Store or Google Play™.


Note:  There is no fee to use SHAZAM BOLT$. SHAZAM BOLT$ does not operate on voice over IP (VoIP), international numbers, or prepaid devices.


Cardholders can access SHAZAM BOLT$ from a personal computer (PC) or laptop at https://disclaimer.php?url=bolts.shazam.net/ShazamWebPortal/index.php. SHAZAM BOLT$ offers the same features whether accessed from a mobile device, PC, or laptop using the following Web browsers:
•Mozilla Firefox®
•Windows® Internet Explorer®
•Apple® Safari®

apple store   google play

Continue reading
  580 Hits
580 Hits

The Bankers Are At It Again

Advocacy image bank taxBankers are at it again, trying to tax credit union competition out of the marketplace, which would eliminate the low cost financial services credit unions provide Iowans. While complaining about credit unions, the banks fail to mention they control more than 95% of the business loans in Iowa and 86% of the total deposits, have realized record profits the last six years in a row and have utilized state tax credits to avoid nearly 50% of their own state franchise tax liability. Apparently record profits and market dominance are not enough, they won’t be satisfied until credit unions are gone. Visit www.ProtectFinancialChoice.com to learn more.

#ProtectFinancialChoice

Continue reading
  566 Hits
566 Hits

Partners-In-Education

 josh Hurley Presentation3As part of the Partners-In-Education program with Holmes Junior High, Josh Hurley from Cedar Falls Community Credit Union gave a presentation to Mrs. Adam’s freshman class on Auto Loans.  Mrs. Anderson wanted the students to understand the importance of credit and managing their personal finances.   

Josh told the students that being prepared is the best way to keep car-buying choices and decisions on the right track. He explained to them that they need to examine all aspects of the car-buying process including: understanding the differences between buying and leasing; evaluating used cars; financing and applying for loans; and making on time payments.

According to Sarah, one of the students, “…I learned how much your credit score can affect your life and what you can and cannot do because of it.”   Another student learned, “… that if someone repossesses a car or a house you still have to pay for it.”

According to Josh, “The students were eager and enthusiastic to learn about how to buy a car along with the ins and outs of credit.  They were attentive through the entire session.”

Cedar Falls Community Credit Union was originally chartered in 1958 as a member-owned financial co-operative serving the needs of a local machinists union.  Membership was extended to other groups of employees over the years until in 1982, CFCCU received a community charter.  Our current field of membership includes individuals who live or work in 20 Iowa counties: Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Delaware, Grundy, Fayette, Floyd, Franklin, Hardin, Howard, Linn, Marshall, Mitchell, Tama and Winneshiek.

 

 

Continue reading
  745 Hits
745 Hits

CFCCU Ranked Fourth Nationally in Value to Members

graph

In the category of Credit Unions between $100 and $250 Million in assets, Cedar Falls Community Credit Union ranked fourth among nearly 733 credit unions nationwide in the value provided to members, according to the Return of the Member (ROM) report released by Callahan & Associates, a credit union research and consulting firm located in Washington D.C.

 

The quarterly report is a comprehensive scoring system of member value with consideration to three core credit union functions: savings, lending and product usage. Cedar Falls Community Credit Union earned a total score of 99.59% in the most recent ROM report reflecting data from the first quarter of 2017.

 

"We’re excited to be ranked No. 4 nationally in the latest Return of the Member report," said Cedar Falls Community CEO Helen Pearce. "This report shows that we are giving our members exceptional value."

 

More information about the Return of the Member report, including how scores are calculated, is available from Callahan & Associates.  

Cedar Falls Community Credit Union was originally chartered in 1958 as a member-owned financial co-operative serving the needs of a local machinists union.  Membership was extended to other groups of employees over the years until in 1982, CFCCU received a community charter.  The current field of membership includes individuals who live or work in 20 Iowa counties: Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Delaware, Grundy, Fayette, Floyd, Franklin, Hardin, Howard, Linn, Marshall, Mitchell, Tama and Winneshiek.

For more information, visit www.cfccu.org or call (319) 266-7531.

Continue reading
  759 Hits
759 Hits

Yes - You Can Be a Member

join now webIf you thought you couldn't join Cedar Falls Community Credit Union, think again. Our credit union has a community charter, which means anyone living or working in this community can join our credit union. Our current field of membership includes individuals who live or work in 20 Iowa counties: Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Delaware, Grundy, Fayette, Floyd, Franklin, Hardin, Howard, Linn, Marshall, Mitchell, Tama and Winneshiek.

You might already know that there are many benefits to being a credit union member--such as low fees and loan rates, excellent member service, and democratic control.

Community-chartered credit unions offer those benefits and more: greater membership diversity, a wider variety of services, and larger pools of qualified volunteers.

We also offer encouragement and education about saving, and help in making sound personal financial decisions and habits. As a member-owner you'll also have the opportunity for your opinion to be heard and to vote for the board that guides how your credit union should be managed.

 If you're interested in joining, stop in or call Cedar Falls Community Credit Union at (319) 266-7531 or fill out our Join Now form found at:  https://www.cfccu.org/join-now.


Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Continue reading
  865 Hits
865 Hits

Retirement—Gen Y, This Is for You

IRA webBy the year 2033, Social Security's reserve trust funds could be exhausted. Though people disagree about when the money will run dry, and how to avoid it, it could happen in your lifetime. You can prepare for it, starting now.
IRAs (individual retirement accounts) offer young workers the opportunity to potentially receive higher benefits than the current system can afford to pay. They also offer an opportunity to build a nest egg for retirement that the government can't take away.

 Invest regularly and you'll be surprised at how the money grows due to compound interest. Consider contributing a portion of your paycheck in one kind of IRA called a Roth IRA.

 For example, if you invest $25 a week in a Roth IRA until you retire (let's say in 50 years) and the money grows at 5%, when you retire you'll have $290,644 in tax-free money. If it grows at 8%, you'll have $869,583. You only contributed $65,000 to the total—the rest is due to compound interest.

Visit Cedar Falls Community Credit Union today to start planning and investing for your future.

Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Continue reading
  832 Hits
832 Hits

Elder Financial Exploitation

senior citizenTo con artists, down-on-their-luck relatives, or opportunistic acquaintances, senior citizens are gold mines. Dwell on that for a moment...

 Individuals over the age of 50 control 70% of the country’s wealth, and seniors between the ages of 65 and 74, with an average net worth of $1.06 million, have more assets than any other age group.
“That’s where the money is,” says Jay Haapala, AARP associate state director of community outreach in Minnesota. “If college kids had a bunch of disposable income lying around, criminals would be trying to figure out how to scam college kids.”

Dementia, disability, and decline can make it even easier for criminals. All told, it is a problem that costs American seniors billions of dollars every year.

Common forms of exploitation There are a lot of scams, unethical businesses, and unscrupulous individuals preying on seniors all the time. While the details vary, there are a few familiar scenarios.

Breach of trust The vast majority of elder financial abuse—as much as 90%, according to the National Adult Protective Services Association—is committed by caregivers or close family members. A son is added to a checking account to help manage Mom’s bills and then starts using the account to pay off gambling debts. Or Grandpa gives valuables to the housekeeper and eventually—at her suggestion—names her in the will.

Phone scams Someone calls, ostensibly from the IRS, saying that an individual has a tax bill that is going to rise with interest and fees unless paid immediately. Or someone calls with news that there is a problem with a credit card and they need a Social Security number and birth date to access account information to clear things up.

Phishing scams As more seniors head online, they grow more susceptible to phishing scams. Phishing emails look as though they come from legitimate sources such as banks or credit card issuers. They ask seniors to click on a link to enter account information in order to verify recent transactions or to rectify problems with accounts. Unfortunately, the links are fake, and criminals use them to gather personal account information, which they use to drain accounts or steal identities.

So, how do you protect yourself and your loved ones from elder financial abuse? Sign up on the Do Not Call Registry. This prevents businesses from contacting you. Those that do come through either don’t know what they’re doing or don’t care. “Either way,” says Haapala, “you should not do business with them.”

Haapala also reminds seniors to conduct their personal business within the financial services system. Financial institutions have fraud protection services that limit an individual’s risk. They also have systems that make it possible to trace funds back to criminals in some instances.

 

Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Continue reading
  951 Hits
951 Hits

Stronger Together

Strongertogetherlogo

State and federal legislation often affects the benefits you receive as a member of Cedar Falls Community Credit Union. Members tell us they rely on CFCCU to stay informed of pending legislation and infrom them of possible negative member impact.  We need support those lawmakers—regardless of party affiliation—who help credit unions better serve credit union members.

A survey of more than 600 Iowa credit union members said they want to know more about legislative issues and candidates, regardless of party affiliation, that affect the way they save, borrow and manage money.

The Iowa Credit Union League evaluates state and federal candidates who have best exemplified the positive advancement of credit union issues. This is based on a candidate's record on important consumer finance issues, positive history of credit union interaction and answers to a credit union questionnaire the league sends to all candidates. Cedar Falls Community Credit Union is chartered in and affected by Iowa law, and we focus on candidates in Iowa.

As you research issues and assess your candidate choices, please consider their support for credit unions. Learn about the state and federal legislative candidates who are Iowa Credit Union allies. And, in case you need it, you can register to vote HERE .

Your voice does make a dfference. Consider becoming a credit union advocate: SIGN UP HERE to receive updates on legislative actions impacting members like you. You can opt out of receiving these emails at any time and your information will not be used for any other purposes.

As part of the credit union movement, we are stronger together when we make our collective voice heard.

Continue reading
  832 Hits
832 Hits

You Can Qualify for a Low-Rate Mortgage

Mortgage rates are still very low.

Sadly some folks aren't able to qualify for these rates due to unemployment, stagnant wages, and low credit scores.

If you aren't qualifying for a refinance right now because of your credit score, Cedar Falls Community Credit Union can help you get your score in shape so you can refinance down the road.

To improve your credit score:

* Pay bills on time, all the time. This means all bills, including utility bills. Stay on top of due dates by setting up automatic payments through Cedar Falls Community Cred Union's online bill payment, available through our Online Banking.

* Don't max out credit lines. It's best to use part of available credit on a few accounts rather than all available credit on one account. Keep balances low and try not to charge more than you can pay in full each month.

* Don't open or close accounts as a strategy to raise your score. Opening new accounts can send a red flag to lenders that you're taking on new debt and might indicate that you won't be able to pay other debts.

* Check credit reports from the three major credit bureaus--Equifax, Experian, and TransUnion--for free, once each year through annualcreditreport.com, and contact the creditor and the credit bureau to correct any errors.

* Pay fines. Whether it's a parking ticket or a library fine, pay up. If debts are reported to a credit reporting agency, they can knock points off your credit score.

When you're able to refinance, visit Cedar Falls Community Credit Union. We can assure you we'll give you the best mortgage rate that you qualify for. Stop by or call today at 319-266-7531.

Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Continue reading
  812 Hits
812 Hits

Make FAFSA Easy

The worst part of being a college student, besides dining hall food and always being broke, is finding financial aid. There's nothing that will get you down in the dumps more than coming up with thousands of dollars for your education.  What's slightly less painful is filing the free application for federal student aid, or FAFSA, each year.

The hardest part about filing your FAFSA is usually convincing your parents to file their taxes right away. The actual application itself is not that difficult, and once you've done it for the first time, it's a piece of cake. Students whose parents are on an even salary have a pretty good idea about how much aid they'll get the next year. Students who work or have parents who own their own business may have income that fluctuates a great deal every year. Regardless, these FAFSA facts will blow you away!

First, file as soon as you can.
It's not just some myth that financial aid is first come, first served. There's an option to estimate your household income based on last year's taxes, so do that LITERALLY RIGHT NOW so you can make sure you get it taken care of right away. Then, once you and your parents file, remember to file a correction. While you're at it, set a reminder for January 1 of next year.

Use that handy IRS Data Retrieval tool.
The data retrieval tool makes it easier for the IRS to confirm your income information, meaning you're less likely to be sent verification forms. If you've never received a verification form, it's a painful and lengthy application to prove your income.

It's also a good idea to research your state's filing deadlines.
There's really no excuse to miss out on thousands of dollars because you don't want to file your FAFSA before your state's filing deadline. You can easily locate this information on the FAFSA website, FAFSA.gov.

While we're on the topic of websites, don't fall for a fake FAFSA website.
There are plenty of fake FAFSA sites out there ready to steal your identity, which frankly can be a bigger problem than having no money for college. The only legitimate FAFSA website out there is FAFSA.gov. That's it. There's no FAFSA.com or .net. The .gov, secure mark and ://https by the URL signifies that the website is safe and okay to input your personal information.

Last and easiest piece of advice: Don't wait to apply for a pin number.
When you have the pin number, write it down and keep it somewhere safe. It can take weeks to get a pin during peak application season, but only a matter of minutes during the off-season. This is quite possibly the simplest part of the entire process, so hop to it!

Now, all you need is your 1040 (or other tax return document), bank statements detailing your family's net worth, and you're ready to file. Getting to this point is the hardest part. If you're struggling, check to see if your college or local credit union offers free filing counseling. This could give you peace of mind before filling out such an important document.

Continue reading
  980 Hits
980 Hits