November 30, 2018
A Share Certificate is a product offered by member-owned, non-profit Credit Unions - like LUSO. Profits made by Credit Unions are returned to the members in the form of reduced fees, higher savings rates, and lower loan rates.
September 24, 2018
For the last five years, LUSO Federal Credit Union has been a staunch supporter of those fighting breast cancer and has held fundraisers to raise money for The Rays of Hope and The Pink W.A.Y., local organizations geared toward helping those who are diagnosed with breast cancer.
August 15, 2018
In the last 10 to 15 years, mobile devices have replaced a lot of (bulky) products we used to use daily: phone, calculator, camera, video games, etc. Today, it’s taking aim at your wallet. With digital wallet apps like Apple Pay, Samsung Pay and Google Pay, it’s now possible to make electronic transactions without presenting a physical credit or debit card.
May 30, 2018
Did you know that your home could be a source of funds when you need major home repairs or upgrades? Your home’s current market value minus what you still owe on your mortgage is what’s known as your equity. If you’re lucky and that figure is positive, you can tap into it with a Home Equity Line of Credit (HELOC) from LUSO Federal Credit Union.
May 2, 2018
Have you been notified of a “compromised card” recently? Compromised cards are on the rise, which means it’s more important now than ever to safeguard your card and personal information.
March 21, 2018
It’s that wonderful time of year (for some) when the tax returns are filed and tax refunds are issued. While not everyone receives money back, a moderate percentage of the American workforce does. According to the IRS, 111 million tax refunds were issued in 2016, each averaging $3,053. That’s a sizable chunk of change to have handed back to you. It begs the question: Should you spend it, save it, or invest it?
October 10, 2017
Over 140 million American consumers were affected when sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.
September 28, 2017
Nearly half of all Americans are affected by the Equifax Data Breach.
July 29, 2017
The methods, criteria, and circumstances of shopping for, and purchasing, a new car have drastically changed over the last 20 or so years. In the past, purchasing a new car at a young age wasn’t an anomaly, it was the norm.
July 26, 2017
There are three core deposit accounts that can help you manage and save money for your financial goals. Depending on what those goals are, one of these accounts may be exactly what you need so you can invest in the future. If you are not using the right kind of account, you can either be paying fees or missing out on the opportunity to invest and earn more money while your cash sits in an account.
July 21, 2017
If you are a proud parent or grandparent of a recent graduate, there are many ways you can help them start their financial future on the right foot. Smart Start product lines are one of the banking services provided by LUSO Federal Credit Union that can help students manage their money and make wise choices.
July 19, 2017
Do you need to pay for a major expense like your child’s college tuition or a brand-new kitchen renovation? If so, you may have to look no further than to your home for funding. Depending on how much equity you have in your home, you can borrow against it at a low interest rate, and the interest payments you make on the loan are generally tax-deductible.
July 14, 2017
A lot of people are understandably a little wary when it comes to discussing mortgage rates and different types of mortgages because they don’t always fully comprehend their options. You might wonder what type of mortgage best suits your situation.
July 12, 2017
Dealing with debt during a divorce can be frustrating, overwhelming, and it can make saving money seem impossible. Your financial institution may or may not have the tools and tips necessary to help you manage your debt, so that’s where credit unions come in. Here are some ways credit unions can help you get rid of debt and start saving money again.
July 5, 2017
Checking accounts are a necessary and wise way to store and manage your readily available money. Unless you want your wallet stuffed with cash, checking accounts allow you to not only store your money in a safe place, but also to manage and keep track of your money saving efforts.