Diamond Credit Union’s Cumru Township branch, located at 1030 Cedar Top Road in Reading, Pa 19607, will be officially open for members and those interested in joining on Monday, April 22. You can visit the new Cumru location during normal business hours. The Cumru Township location is the Credit Union’s eighth branch. Diamond Credit Union’s President/CEO, Rick Patel, spoke at the grand opening on April 16. “Our vision is to be leaders and provide financial security to everyone in the community,” Patel said. “I am happy to see that our vision is coming to life through this new branch.” Patel ..read more

Whether you need to purchase a vehicle, machinery, or larger premises to expand your business and operate more effectively, there is at times a question to answer. Lease or buy? In a nutshell, the answer depends how each purchase impacts your working capital and if you can afford the drop in cash reserves. For example, if an asset costs $300,000 you could lease it, buy it, finance it, or a combination. You’re less likely to buy it if the purchase soaks up all your cash reserves. You may choose to lease or finance the purchase instead to preserve this capital. Of course, the reverse is also tr ..read more

  If you’re a first-time homebuyer, seeing how much the down payment and closing costs add up to can leave you surprised, to say the least. Pre-qualified, first-time homebuyers that use Diamond Credit Union might have additional resources to help with costs, depending on government funding and qualifications. First-Time Homebuyer Grants There are several first-time homebuyer grant options for you. Diamond specifically partners with First Front Door (FFD), a Federal Home Loan Bank homebuyer grant program. The FFD is government funding that is typically available starting in March of every ..read more

  Photo: Diamond Credit Union’s Cumru Branch Manager, Cori Coleman. Diamond Credit Union has named Cori Coleman as the Branch Manager of the new Cumru location that is set to open in April. This is Coleman’s eleventh year working for Diamond. She started her career as an Assistant Branch Manager in 2013 at the Exeter branch and was quickly promoted to Exeter Branch Manager in 2014. This will be Coleman’s first opportunity to facilitate the opening of a new branch. “I am beyond excited to be part of the Cumru branch opening,” Coleman said. “This is an opportunity for me to share Diamond w ..read more

As the excitement of purchasing a new car starts to wear off, you may be wondering, how should I protect myself and my car from future accidents or damages?  This guide will outline the PA auto insurance requirements, the different types of coverage available to you, and the steps to take when needing to file a claim.  If you’re ready to get more information about receiving auto insurance through Diamond Credit Union, you can speak to a Diamond representative or contact our Senior Sales Representative to learn more.  What Does Auto Insurance Cover?  Auto insurance companie ..read more

If you want to purchase a motorcycle and are looking for financing options, Diamond Credit Union can prepare you to apply for a motorcycle loan. The first thing to know is the process is not much different than applying for an auto loan. If you’ve already been through that, then applying for a motorcycle loan should be familiar. The Motorcycle Loan Process No matter what you’re getting a loan for, it’s helpful to get pre-approved first. Getting pre-approved will give you an idea of what your interest rate will be, the payment term and how much you will be approved for. The Diamond representat ..read more

The Diamond Credit Union Team had many opportunities to impact local community organizations in the beginning of 2024. Employees served meals to the homeless, held collection drives, and volunteered. Keep reading to see what the Diamond Team was up to. Prepared and Served Meals for Opportunity House The Exeter Team purchased food and brought it to Opportunity House in Reading, Pa. on March 23. They prepared meals and then served it to shelter residents. Opportunity House is an emergency shelter that helps people overcome homelessness and personal challenges. Mascot Madness at the Reading Royal ..read more

Our team is excited to share our top ten money-saving tips for you and your home. Whether you’re looking to make a big purchase, save for vacation, or set your future self up for success, these tips will help you become more financially secure.  #1. Shop Around  When you’re making big purchases, you shouldn’t go with the first offer or price you see. From home products, like a new washing machine or TV to a new credit card or car, it’s important to have a wide range of options. These options will not only help you find the best product but also the best price.  Our team recomme ..read more

Asset financing may be necessary if you need expensive tools and machinery for your business. Asset finance allows you to acquire or use assets without having to pay in full upfront. It gives you the funding you need to purchase or lease assets you’ll need to operate your business while preserving your capital and managing your cash flow. Should you consider asset finance? Asset finance makes sense for many businesses. Even if you have enough cash saved to buy the asset, you may need that capital to finance continued operations or explore new growth opportunities. The flexibility of asset fin ..read more

You probably lock your front door and your car, but what about your mobile phone? Well, if you aren’t doing it now, you should start taking your mobile device security seriously. Your phone contains passwords, data, photos and all types of private information, all of which may leave you vulnerable to hackers. We use our phones for virtually everything nowadays — from banking to paying for goods and services, browsing the web and watching our favorite shows. This has made us all more vulnerable to cyber threats as fraudsters have new ways of stealing our data. HERE ARE 15 MOBILE DEVICE SECURIT ..read more