Blog

April is Financial Literacy Month

For more than 50 years, LUSO Federal Credit Union has advocated for the financial health and wellness of our members. To mark April’s designation as “National Financial Literacy Month,” we are highlighting the importance of financial literacy and teaching members of all ages how to establish and maintain healthy financial habits.

Automate Your Savings: Use Direct Deposit to Easily Grow Your Funds

Have you ever heard the phrase, “Pay yourself first”? Put simply, it means to set aside a portion of your paycheck each week, before you pay your bills and purchase necessities like groceries or gas for your car. The purpose? To create a savings strategy that could help you weather the storm if a financial emergency arises.

Teach kids good money habits with the ‘Save, Spend, Share’ plan

Teaching your kids how to save and budget their money at an early age helps them reinforce the good money habits that will set them up for long-term financial health and wellness. If you’re unsure where to start, LUSO recommends the Save, Spend, Share plan, which helps kids understand the fundamentals.

LUSO opens ‘Little Free Library’ in Ludlow, Wilbraham

LUSO is pleased to announce our first registered Little Free Library in Ludlow, located at 599 East Street. LUSO’s second Little Free Library is now available at the Wilbraham branch in Crane Park.

How to Protect Your Electronic Assets: Cybersecurity and Banking

LUSO Federal Credit Union, as part of our expertise in helping track, catch, and report fraud and protect members, offers the following cybersecurity tips for anyone concerned about the safety of their electronic data or their financial vulnerability.

Top Tips for Saving for the Holidays

Whether you’re waiting for a Black Friday door-buster sale or plan to get your gift-buying done tomorrow, here are some money-saving tips to help you stay on track this season.

Use your LUSO Debit or Credit Card for monthly subscriptions

Unlike traditional bills where the consumer is sent an invoice and expected to pay, a subscription service automatically takes recurring payments from a credit or debit card on file. It’s usually easy to set up online or in-app using your card number.

Why Should You Invest in a Home Renovation?

There are many benefits of a home renovation and it can be an exciting venture. Home renovations give homeowners the opportunity to express their individual tastes and style throughout their home. With a plan in mind, an end goal, and an understanding of these benefits, anyone can achieve the home renovation of their dreams.

Tips on How to Start an Emergency Fund

Emergency funds are extremely important whether you are an individual or own a business. Managing your savings, however, is not always easy, especially when you are trying to pay down debt or have high bills each month. Here are several strategies to starting an emergency fund and budgeting your income so you can make the most out of your money.

Smart Ways to Spring Clean Your Finances

As the weather gets brighter and the days get longer, you can get a head start on your organization by going through your financial papers, discarding the old, making way for the new, and reanalyzing your spending and saving habits. Here are some smart ways you can spring clean your finances.

Your Credit Score at Your Fingertips

Rebuilding or establishing credit can help consumers save money over time, which is why LUSO Federal Credit Union recently launched Credit Sense, a financial education tool powered by SavvvyMoney®, that allows members to take control of their finances.