Welcome To Making Money Prosper

At every stage in life, we all need a routine checkup for our financial health. That is why we’ve launched Making Money Prosper! This blog is dedicated to you, our PEFCU members. We’re here to help you live your best financial life by teaching you to successfully save, invest, and manage your money. Adulting can be hard–we get it! We want you to find success through all of life’s stages: like purchasing your first car, traveling the world, planning for retirement, and everything in between. At PEFCU, our goal is to educate you and your family about your personal finances…

July 6, 2020PEFCU Perks, We Are PEFCU No Comments

At every stage in life, we all need a routine checkup for our financial health. That is why we’ve launched Making Money Prosper! This blog is dedicated to you, our PEFCU members. We’re here to help you live your best financial life by teaching you to successfully save, invest, and manage your money. Adulting can be hard–we get it! We want you to find success through all of life’s stages: like purchasing your first car, traveling the world, planning for retirement, and everything in between. At PEFCU, our goal is to educate you and your family about your personal finances…

How to Send Money with Zelle® Safely

Zelle® is a fast, private, and easy way to send and receive money with people you trust, like your sibling, friend, babysitter, coworkers, fellow PTA mom, or your son’s soccer coach. Whether you just enrolled with Zelle® or have been an active user for a while, there are a few tips you should always keep in mind to ensure you are being safe when sending money.   Only send money to those you know and trust  Money moves fast with Zelle®, directly from checking account to checking account in minutes,* so it’s important you know and trust the people you’re sending…

September 29, 2025Security Center No Comments

Zelle® is a fast, private, and easy way to send and receive money with people you trust, like your sibling, friend, babysitter, coworkers, fellow PTA mom, or your son’s soccer coach. Whether you just enrolled with Zelle® or have been an active user for a while, there are a few tips you should always keep in mind to ensure you are being safe when sending money.   Only send money to those you know and trust  Money moves fast with Zelle®, directly from checking account to checking account in minutes,* so it’s important you know and trust the people you’re sending…

What Is the Prime Rate & How Does It Affect Me? 

Have you ever noticed your credit card rate inching upward? Or certain loan payments increasing from a rise in interest rates? Chances are that those shifts are the result of changes to the prime rate.  The “prime rate” may sound like financial jargon, but it plays a significant role for borrowers and savers alike. This figure sets the bar when lenders price loans, and it changes more often than you might think.   In this article, we’ll shed light on what the prime rate is, how it’s determined, and the impact it can have on your everyday finances.     What Is…

September 24, 2025Borrowing Basics No Comments

Have you ever noticed your credit card rate inching upward? Or certain loan payments increasing from a rise in interest rates? Chances are that those shifts are the result of changes to the prime rate.  The “prime rate” may sound like financial jargon, but it plays a significant role for borrowers and savers alike. This figure sets the bar when lenders price loans, and it changes more often than you might think.   In this article, we’ll shed light on what the prime rate is, how it’s determined, and the impact it can have on your everyday finances.     What Is…

One-Minute Reads: What Does Collateral Mean? 

When you hear the term collateral in the world of lending, it’s simply something valuable you pledge to a lender to secure a loan. Think of it as the lender’s safety net—if you can’t repay the loan, they can use the collateral to recover the money they lent you.  Collateral can be many things, depending on the type of loan:  Auto loan: the car you’re buying is the collateral.  Mortgage: the home itself serves as the collateral.  Secured personal loan: items like a savings account, share certificate, or other valuable assets can be used.  Using collateral can work in your…

September 19, 2025Borrowing Basics, One Minute Reads No Comments

When you hear the term collateral in the world of lending, it’s simply something valuable you pledge to a lender to secure a loan. Think of it as the lender’s safety net—if you can’t repay the loan, they can use the collateral to recover the money they lent you.  Collateral can be many things, depending on the type of loan:  Auto loan: the car you’re buying is the collateral.  Mortgage: the home itself serves as the collateral.  Secured personal loan: items like a savings account, share certificate, or other valuable assets can be used.  Using collateral can work in your…

Avoid the Holiday Scramble by Planning Now

For most of us, the holiday season plays out the same way every year. By the time November rolls around, the calendar is packed, prices are high, and that overwhelming feeling starts creeping in. Gifts are bought in a rush, travel gets booked at sky-high rates, and we promise ourselves we’ll plan earlier next year.  Then, January arrives. Right when we’re setting New Year’s resolutions to better our finances – save more, eliminate costly debt, improve our credit scores – the holiday credit card bills arrive in the mail.   The whole scenario can feel defeating. However, it doesn’t have to…

September 18, 2025Wallet Wins No Comments

For most of us, the holiday season plays out the same way every year. By the time November rolls around, the calendar is packed, prices are high, and that overwhelming feeling starts creeping in. Gifts are bought in a rush, travel gets booked at sky-high rates, and we promise ourselves we’ll plan earlier next year.  Then, January arrives. Right when we’re setting New Year’s resolutions to better our finances – save more, eliminate costly debt, improve our credit scores – the holiday credit card bills arrive in the mail.   The whole scenario can feel defeating. However, it doesn’t have to…

Travel Prep Like A Pro

As a frequent international traveler and professional planner of many grand adventures for clients, here are some tips I’ve learned that can help you prep like a pro for your next trip!  Start Planning 12-18 Months in Advance  The journey to your dream trip starts now! Decide on a destination, dates, and an overall budget. Cruises go on sale around two years in advance, while flights and hotels open up for booking around the 12-month mark.  Open a Travel Savings Account  Always know what’s in your vacation fund and add to it over time. Set up automatic transfers from your…

September 17, 2025Wallet Wins No Comments

As a frequent international traveler and professional planner of many grand adventures for clients, here are some tips I’ve learned that can help you prep like a pro for your next trip!  Start Planning 12-18 Months in Advance  The journey to your dream trip starts now! Decide on a destination, dates, and an overall budget. Cruises go on sale around two years in advance, while flights and hotels open up for booking around the 12-month mark.  Open a Travel Savings Account  Always know what’s in your vacation fund and add to it over time. Set up automatic transfers from your…

Before You Move Out, Do the Math

Moving out of your parents’ house and into a place of your own is a huge milestone. Whether you’re looking forward to flying solo or you plan to share a space with roommates, it’s a significant step toward independence.   While this transition is exciting and empowering, it can also be more expensive than you may anticipate. Living independently stretches your dollars far beyond the price tag of monthly rent. There are many costs to consider, including utilities, food, and insurance, to name just a few.   If you’re currently living at home, now is the perfect time to begin planning. In…

September 1, 2025Future Planning, Wallet Wins No Comments

Moving out of your parents’ house and into a place of your own is a huge milestone. Whether you’re looking forward to flying solo or you plan to share a space with roommates, it’s a significant step toward independence.   While this transition is exciting and empowering, it can also be more expensive than you may anticipate. Living independently stretches your dollars far beyond the price tag of monthly rent. There are many costs to consider, including utilities, food, and insurance, to name just a few.   If you’re currently living at home, now is the perfect time to begin planning. In…

A Trusted Partner for Publix Associates

A Trusted Partner for Publix Associates  We’re honored to be featured in Forbes and Fortune for our commitment to serving Publix associates and their families. This recognition reflects what has guided us since our founding in 1957: a belief that “people helping people” should be more than a motto—it should be our mission.  At Publix Employees Federal Credit Union (PEFCU), that mission shines through in every relationship we build, every solution we design, and every community we support. From tailored financial products to a culture of care, PEFCU is proud to stand alongside Publix associates and their families, helping them…

August 27, 2025We Are PEFCU 1 Comment

A Trusted Partner for Publix Associates  We’re honored to be featured in Forbes and Fortune for our commitment to serving Publix associates and their families. This recognition reflects what has guided us since our founding in 1957: a belief that “people helping people” should be more than a motto—it should be our mission.  At Publix Employees Federal Credit Union (PEFCU), that mission shines through in every relationship we build, every solution we design, and every community we support. From tailored financial products to a culture of care, PEFCU is proud to stand alongside Publix associates and their families, helping them…

Protecting Yourself from Cryptocurrency Scams

While cryptocurrency has been around for quite some time, what it is and how it is used as a currency remains a mystery in the minds of so many. However, as more governments around the world eye its potential or seek to regulate its usage, cryptocurrency continues to rise in popularity.  Unfortunately, anytime there is something new, especially in the financial world, it will attract bad actors. There are many features of crypto that make it the ideal currency for fraudsters. But as more people flock to the currency as an investment, it’s becoming the foundation for new scams.  In…

August 25, 2025Security Center No Comments

While cryptocurrency has been around for quite some time, what it is and how it is used as a currency remains a mystery in the minds of so many. However, as more governments around the world eye its potential or seek to regulate its usage, cryptocurrency continues to rise in popularity.  Unfortunately, anytime there is something new, especially in the financial world, it will attract bad actors. There are many features of crypto that make it the ideal currency for fraudsters. But as more people flock to the currency as an investment, it’s becoming the foundation for new scams.  In…

Tips to Stay Safe in a Digital World

Keeping your financial accounts safe in today’s digital world is a growing challenge. Hackers are constantly coming up with new ways to gain access to your accounts through your computer and even your mobile devices. It’s important to remain proactive when it comes to protecting your finances. Here are some ways you can make sure you’re protected.  Add Antivirus Software  While you probably have antivirus software on your computer, did you know it can also add this layer of protection to your mobile devices? And since you likely use your mobile devices as often, if not more, than your computer,…

August 22, 2025Security Center No Comments

Keeping your financial accounts safe in today’s digital world is a growing challenge. Hackers are constantly coming up with new ways to gain access to your accounts through your computer and even your mobile devices. It’s important to remain proactive when it comes to protecting your finances. Here are some ways you can make sure you’re protected.  Add Antivirus Software  While you probably have antivirus software on your computer, did you know it can also add this layer of protection to your mobile devices? And since you likely use your mobile devices as often, if not more, than your computer,…

Making the Switch from Physical to Digital Wallet

In our increasingly digital world, the way we manage money is constantly evolving. The traditional physical wallet, once a staple for carrying cash and cards, is now being replaced by a much more modern and efficient solution: the digital wallet.   Digital wallets, also known as mobile wallets, allow users to securely store their debit and credit card details directly in their smart devices, making transactions effortless. Rather than rummaging through a bulky wallet or bag, you can simply tap your smartphone or smartwatch to complete purchases in seconds.   In this article, we’ll explain how digital wallets work and provide steps…

August 18, 2025Wallet Wins No Comments

In our increasingly digital world, the way we manage money is constantly evolving. The traditional physical wallet, once a staple for carrying cash and cards, is now being replaced by a much more modern and efficient solution: the digital wallet.   Digital wallets, also known as mobile wallets, allow users to securely store their debit and credit card details directly in their smart devices, making transactions effortless. Rather than rummaging through a bulky wallet or bag, you can simply tap your smartphone or smartwatch to complete purchases in seconds.   In this article, we’ll explain how digital wallets work and provide steps…