Have you always operated a savings account at your bank? Are you an avid saver, always trying to find the best deal for the greatest value and storing more in savings than the rest? Or maybe you struggle with saving money and want to limit your access to you money so you do make poor decisions. Either way, you may want to consider a Money Market Account from
Finance Center Federal Credit Union.
Money Market Accounts from your local credit union operate much like a savings account you're used to. Some key differences include a higher APY and usually limited withdrawals and transfers made from that account. In a Money Market account you are essentially placing a given sum of cash in the hands of your bank, and they are, in turn, investing your money across many low risk options. You can learn more about Money Markets
here.
A Money Market with Financial Center is a great alternative to your savings account as it yields a higher APY than most savings accounts and it protects you from impulse buying as you are limited to six withdrawals per month.
Financial Center offers three tiers of Money Market Account options,
Standard Money Market,
Premium Money Market, and
Prestige Money Market, all based on amount of initial deposit and subsequent APY. You can manage all of your Money Market Accounts with your
credit union banking online. Open a Money Market today and put your money to work for you.
If you are looking for advice on how to manage money, or simply learn more about money and the options provided to you, Financial Center can help you. With
Anytime Adviser, an online explanation and advice tool, and
scheduled free seminars, you can learn about how to better manage your money and improve your money literacy.
One of the most important services that our local credit union provides to our members is our free member education seminars. We have finalized
our schedule for 2010 and there are some exciting opportunities for you to learn how to manage money better this year.
Learn tips to help save money on your tax return. Learn how the new rules surrounding credit cards will affect you. Learn how to save and invest your money in the new economy. Learn how to use QuickBooks more effectively in your small business.
Take advantage of these opportunities this year. It's just one benefit of being a member of our Indianapolis Credit Union.
Have a suggestion for a new seminar? Send us an eMail at marketing@fcfcu.com.
I've decided to start on my New Year's resolution early this year. One of the goals I've set is to eat a more healthy diet.
One of the ways that I've been keeping track of what I'm eating is by writing it in a journal. This is helping me stay on track and avoid junk food and other unhealthy items. It's working so far. When deciding what to have for breakfast, the thought of having to write down "Cocoa Puffs" instead of "Oatmeal" has kept me from selecting the less nutritious choice.
This method is a great way to help you reach your savings goal each month and show you how to manage money better. Write down the expenses you have each month that are unnecessary and extraneous. This might help you avoid making impulse purchases or spending money on items that you don't really need. Cut out these expenses, and you can reach your savings goal each month!
To help reach all of your financial goals, move your bank accounts to an Indianapolis credit union. At
Financial Center, we're here to help.
Visit us today!
What do VHS tapes, stamps and checkbook registers have in common? Obsolete technology! 
At your local Indianapolis credit union, there are better options for managing your money than keeping a checkbook register. Check out your easier options through our on-line banking:
Ø on-line banking that features free downloads to either Quicken, Money or QuickBooks
Ø free bill payer with easy payee set up and tracking
Ø easy transaction search
Ø view statement and check copies
Visit us at www.fcfcu.com and sign up for on line banking today!
The next member education seminar at our Indianapolis credit union focuses on online services.
Learn how to maximize your time and reduce your costs through the use of Financial Center's online services. Using both a classroom environment and hands on training, members will learn how to safely access their local credit union accounts via online options. Special focus will be given to a BillPayer demonstration.
This seminar will take place on Saturday, November 14th from 9 am to Noon at our
Main Center location. To sign up, contact the marketing department at 317.916.6250 or send us an eMail at marketing@fcfcu.com.
We look forward to showing you how to manage money better through our online services.
Everyone is searching for ways to stretch their budgets further and find more effective ways on how to manage money. One way to save money is to evaluate your debt and find areas where you can save money.
At our Indianapolis credit union, we're offering members the chance to bring their outstanding mortgages, home equity loans, auto loans, and credit cards to their local credit union to save money. Our goal is to save each member at least $100 a year in interest payments. If we can't save you a $100 in a year, we'll give you $100.
Stop in one of our Indianapolis credit union
locations and take
the $100 challenge. Find out how much your local credit union can save you.
Our Indianapolis Credit Union is proud to be part of the
Bank on Indy. This partnership between Indianapolis banks and credit unions aims to bring financial services to the 79,800 unbanked citizens in Marion County.
If you need tips on how to manage money better or if you need help learning about money, this program is right for you. The overall goal of Bank on Indy is to promote financial education in Indianapolis. If you've never had a savings or checking account, or if you've had trouble in the past and need a second chance, Bank on Indy is right for you. Indianapolis residents can take advantage of this program at
any Financial Center location.
Here's what you will need to open your account.
1. A photo ID such as a driver's license, state ID card, or passport.
2. A second form of ID. A utility bill with your current address can be used.
3. Your Social Security number or your Individual Taxpayer Identification Number.
Get started with using financial services in Indianapolis. Open your Bank on Indy account today at
our Indianapolis Credit Union.
One of my favorite parts of working as part of the credit union banking industry, is the opportunity to see how credit unions across the country are reaching out to help their members and show them how to manage money.
One new website that I heard about from some fellow staff members here at Financial Center, was
Right at Home from the Michigan Credit Union League. This site provides tips on avoiding foreclosure, problem solving guides to help you deal with rising mortgage payments, and information on mortgage products that may fit more comfortably within your budget.
If you're facing foreclosure or have a mortgage account in Indianapolis that you're struggling to keep up with, contact
your local credit union. We're ready to help.
In our efforts to teach local credit union members how to manage money, we're offering a free seminar on QuickBooks on August 22nd. This seminar will give attendees a basic introduction to QuickBooks with a question and answer session to follow.
The seminar will be on Saturday, August 22nd from 9:00 am to 11:00 am at our
Main Center location.
Register today! Send an email to
marketing@fcfcu.com or give us a call at 317.916.6250.
In a continuing series on money literacy, this post covers the basics of transfer functions.
Once the notifications are established the next step in how to manage money is to setup and configure funds transfers. There are 3 basic transfer types. Manual transfers, Scheduled transfers, and Reoccurring transfers. Financial Center Online provides these basic functions and adds some special features to them.
The Manual transfer is just like it sounds. A member executes an on demand transfer between accounts. This is the most basic function and can usually be accomplished through a variety of channels - online, phone, and at ATMs.
Reoccurring transfers allow for the transfer to be executed again in the future. These are characterized by setting a frequency and an ending date. For example, transfer $750 from Savings to checking on the 1st of every quarter. More specialized reoccurring instructions might be, transfer $800 from Money Market to Checking on the 15th of every month for the next 6 months.
The Schedule transfer allows the member to set a future date for a transfer to occur. Many times these scheduled transfers can also behave like a Reoccurring transfer.
Financial Center Online offers a variety of options for accomplishing transfers. One-time (Manual) Transfer, Scheduled Transfer, Reoccurring Scheduled Transfer, Recurring Transfer, and Automated Distribution. The next post will discuss each of these options and where they may be most beneficial in managing account balances.
Financial Center will be hosting an educational seminar this weekend titled
Financial Fitness.
Understanding where your money goes is the first step in establishing a successful money management routine. Focusing on the establishment of a budget, expense control, and the wise use of credit will provide just the right amount of support for anyone looking to improve their overall financial fitness.
The seminar will take place this Saturday (March 21st) from 9 am to Noon at our
Main Center location.
To sign up, send an email to Janet O'Donnell at
jodonnell@fcfcu.com or give the marketing department a call at 317.916.6250.
See you there!
Our last member education seminar of the year will take place this Saturday at our
Main Center location from 9 AM to Noon. The subject of the seminar will be Financial Fitness.
Understanding where our money goes is the first step in establishing a successful money management routine. Focusing on the establishment of a budget, expense control, and the wise use of credit will provide just the right amount of support to anyone looking to improve their overall financial fitness.
To sign up, call the marketing department at 317.916.6250 or send us an e-mail at
dept.busdev@fcfcu.com.
We've received a great response for our next member education seminar. This Saturday's class on online services is completely full. We are now accepting names for the wait list. Members may still call the marketing department at 317.916.6250 to place their name on the wait list.
In the meantime, we also have an online demo of our online banking services that you may view
here.
We still have two more great seminars before the end of the year that we'd like to invite you to attend.
Avoiding Fraud and Identity Theft - Saturday, October 18thAccount fraud is one of the fastest growing crimes in the nation. This seminar will provide attendees with information on a variety of methods they can use to avoid being victims of financial fraud.
Financial Fitness - Saturday, November 15th
Understanding where our money goes is the first step in establishing a successful money management routine. Focusing on the establishment of a budget, expense control and the wise use of credit will provide just the right amount of support to anyone looking to improve their overall financial fitness.
FCFCU, in cooperation with Warren Central High School and Walker Career Center, will open a student-run credit union Center inside the Walker Career Center today. The branch was established to help teach students about money management and starting off on the right financial path.
The facility at Walker Career Center is the second student-run Center we have opened since last year. We opened Indianapolis' first student-run credit union Center in 2007 at the J. Everett Light Career Center in Washington Township.
Students and teachers will be able to bank at the Center during school hours. Students will be able to open checking and savings accounts and will have access to the branch's ATM with their parents' permission.
"We are hoping to duplicate the success of the J. Everett Light student-run branch model at the Walker Career Center," said Tara Turner, Financial Center's Director of Financial Literacy Programs. "Today's youth need more financial guidance than ever, and as part of our credit union's mission, Financial Center is committed to teaching students the importance of good money management."
For more information on bringing a student-run branch to your school, click
here.
Watch for more news concerning our new venture at the Walker Career Center coming soon.
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