Financial literacy is a fundamental skill that can shape a child’s relationship with money for life. Research suggests that by age 3, your kids can grasp basic money concepts and by age 7, many of their money habits are already set. This makes early education about finances crucial. As we observe Credit Union Youth Month, let’s explore how parents can raise money smart kids from a young age. Starting Early- The Power of Childhood Education By age three, children can already grasp basic money concepts. This early age is the perfect opportunity for parents to introduce simple ideas like waiting ..read more

April is here, and it’s not just about spring flowers and warmer weather—it’s Financial Literacy Month! This annual observance aims to raise awareness about the significance of understanding personal finance and making informed financial decisions. Financial Literacy Month offers a unique opportunity to enhance our financial knowledge and skills. Here’s why it’s so valuable: Education Financial Literacy Month encourages individuals of all ages to learn about essential financial concepts, such as budgeting, saving, investing, and managing debt. By improving our understanding of these topics, we ..read more

We are excited to announce the upcoming Annual Meeting 2024 of The Family Credit Union, a gathering where members come together to celebrate our achievements, discuss important matters, and elect individuals who will shape the future of our credit union. Date: Monday, April 22, 2024 Time: Doors open at 5:30 p.m. Location: Elk’s Club – 4400 West Central Park, Davenport IA The evening will commence with a brief business meeting promptly at 6:00 p.m., followed by an array of festivities to enjoy: Smokin’ Butts BBQ: Indulge in delicious barbecue, prepared fresh for you to savor. Local Sweet Trea ..read more

Achieving financial wellness and securing a brighter future starts with understanding and improving your credit score. At The Family Credit Union, we’re committed to empowering our members with the tools and resources they need to take control of their financial health. That’s why we’re excited to introduce you to our innovative Credit Climber tool – your key to unlocking a world of possibilities, including credit improvement! What is the Credit Climber Tool? The Credit Climber tool is a comprehensive resource designed to simplify the process of meeting your financial goals, including credit ..read more

\nPros\n One pro for these loans is that they don’t use property or assets as collateral, and you repay the loan in fixed monthly installments over a period of time. Your eligibility and interest rate will depend on factors like your credit score and annual income. Another pro for vacation loans are the interest rates are often lower than credit card interest rates. \nCons\n Always with borrowing money there are some cons for personal vacation loans. One con if you do decide to take out a vacation loan is you should be wary of potential fees and interest that could inflate the total amount you ..read more

The holiday season is upon us, and with it comes a flurry of expenses. Whether it’s gift shopping, travel plans, or festive gatherings, managing your finances effectively is key. At The Family Credit Union, we’re committed to helping you make the most of this special time with a range of exclusive offers and holiday benefits designed to ease your financial burden. Let’s take a closer look at what’s in store for you! Credit Card Purchases at 4.99% Imagine a credit card with a remarkably low interest rate of just 4.99%. At The Family Credit Union, we’re delighted to offer you this fantastic opp ..read more

Have you ever wondered about the secret recipe behind your credit score? While some ingredients are straightforward, others can be confusing or open to interpretation. One such element is the “credit account mix,” which may leave you with mixed feelings. Let’s shed some light on this topic and gain a better understanding. The Credit Account Mix Demystified Your credit account mix refers to the blend of different types of credit in your financial portfolio. It goes beyond simply having multiple credit lines—it showcases your ability to handle various types of debts successfully. From cards to ..read more