To establish good credit, you need a steady work record and continued residence at the same address. If you do not have a checking account, open one and be careful not to bounce checks. Read more about establishing good credit. The last sentence should be a link to the "Loan & Credit Management > Building Credit" section of your Financial Resource Center if you purchased this product from CU Solutions Group.
Describe any "help with budgeting" services that your credit union offers. Also, describe any seminars about this topic that your credit union hosts. Include a link to the "Financial Planning > Budgeting" section of your Financial Resource Center if you purchased this product from CU Solutions Group.
Cosigners lend their names and good credit histories to the maker. Should the maker die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the maker's and cosigner's credit reports.
Read more about your obligations when you cosign a loan. The last sentence should be a link to the "Loan & Credit Management > Borrowing and Repaying Loans" section of your Financial Resource Center if you purchased this product from CU Solutions Group.
It might be tempting to view your 401(k) as a source of emergency funds, but before you dip into your retirement account for cash, explore alternatives. Include a link to the "Financial Planning > Planning for Retirement" section of your Financial Resource Center if you purchased this product from CU Solutions Group.
To make this decision, calculate your monthly payments and your total net cost. When you compare these amounts, you can determine which option is right for you. Use our Auto Buy or Lease calculator to help you. The last sentence should be a link to the "Financial Calculators" section of your Financial Resource Center if you purchased this product from CU Solutions Group.
Explain which records should be saved, for which purposes they should be saved and for what length of time they should be saved. Include a link to the “Tax Planning > Record Keeping” section of your Financial Resource Center.
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Member Benefits
At Financial Partners Federal Credit Union, our goal is to put our members first in all we do. We have been providing our community with quality financial services for over 50 years.
On Friday, March 10, 2023 Federal Regulators shut down Silicon Valley Bank (SVB) due to its lack of liquidity. SVB had a structure very different than traditional financial institutions, as it was a key player in the tech and venture capital community. Closely connected with SVB, regulators also closed Signature Bank, on Sunday, March 12, 2023. Signature Bank provided banking services to real estate companies, law firms and cryptocurrency companies. All depositors of both institutions will have access to and receive their full deposits and losses will not be borne by taxpayers, according to regulators. FINANCIAL PARTNERS FCU (FPFCU) members should know that FPFCU is a safe place to save money. FPFCU has sound financial policies and receives high rankings annually from regulators for safety and soundness practices and management of risk. Deposits at FPFCU are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution. That means backing by the full faith and credit of the U.S. government. FPFCU is well capitalized and in solid financial position to meet the saving and borrowing needs of its members. Credit union members have never lost a penny of insured savings at a federally insured credit union. Visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers. Members should also be aware that scams have already been reported, trying to alarm consumers. In this sophisticated scam the scammers are communicating that a bank or credit union is under Federal Bureau of Investigation (FBI) review and the person needs to take out their cash from their bank/credit union or risk losing it. Please be aware of suspicious calls or emails at all times.
Website Updates
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