Renting vs. Buying – Pros and Cons

Given the high upfront costs associated with buying a home, it is no surprise most young people start asserting their independence by renting their own living space instead. As they advance in their careers, save money, get married, and start families, most eventually buy a home. On the other hand, many other homeowners are selling their houses and choosing to rent to downsize.   Whether you’ve been renting for a long time and want to buy a home or are a homeowner considering renting instead, you’re in the right place! In this article, we will discuss the pros and cons of renting and buying. Hopefully, we will help you decide which is best for you.   Renting: Pros & Cons  A common…

November 2, 2020Borrowing Basics No Comments
Renting vs. Buying – Pros and Cons

Given the high upfront costs associated with buying a home, it is no surprise most young people start asserting their independence by renting their own living space instead. As they advance in their careers, save money, get married, and start families, most eventually buy a home. On the other hand, many other homeowners are selling their houses and choosing to rent to downsize.   Whether you’ve been renting for a long time and want to buy a home or are a homeowner considering renting instead, you’re in the right place! In this article, we will discuss the pros and cons of renting and buying. Hopefully, we will help you decide which is best for you.   Renting: Pros & Cons  A common…

PEFCU Mobile Services: Mobile Deposit

Want to save time and gas while reducing your car’s “carbon footprint?” Then deposit your checks from your smartphone with the PEFCU Mobile Banking app’s Mobile Deposit feature. Mobile Deposit is a convenient feature available in our PEFCU Mobile Banking App.   Mobile Deposit allows you to photograph check(s) and electronically deposit them into your Savings or Checking Account. This service allows you to deposit up to $5000.00 dollars per day. Mobile Deposits also gives you instant access to your funds up to $600.00.  To get started:  Endorse the back of the check, including:  Required accountholder signature(s) PEFCU deposit account number The exact words “For Mobile Deposits Only at…

October 19, 2020PEFCU Perks 4 Comments
PEFCU Mobile Services: Mobile Deposit

Want to save time and gas while reducing your car’s “carbon footprint?” Then deposit your checks from your smartphone with the PEFCU Mobile Banking app’s Mobile Deposit feature. Mobile Deposit is a convenient feature available in our PEFCU Mobile Banking App.   Mobile Deposit allows you to photograph check(s) and electronically deposit them into your Savings or Checking Account. This service allows you to deposit up to $5000.00 dollars per day. Mobile Deposits also gives you instant access to your funds up to $600.00.  To get started:  Endorse the back of the check, including:  Required accountholder signature(s) PEFCU deposit account number The exact words “For Mobile Deposits Only at…

Manage your cards with Card Controls

At PEFCU, we give you the power to control your financial future—and your financial present—with the Card Control feature in our Mobile Banking app. With Card Control, you can be assured that when you need to take swift action to secure your cards, you will have the access you need.   This tool gives you an extra layer of security over your PEFCU debit and credit cards. With Card Controls, you can temporarily or permanently deactivate lost or stolen cards from the PEFCU Mobile Banking app.  If your card is misplaced, you can turn it off by simply toggling the on/off switch on the screen.   Enrolling is easy:   Simply log in to your PEFCU…

October 19, 2020PEFCU Perks 8 Comments
Manage your cards with Card Controls

At PEFCU, we give you the power to control your financial future—and your financial present—with the Card Control feature in our Mobile Banking app. With Card Control, you can be assured that when you need to take swift action to secure your cards, you will have the access you need.   This tool gives you an extra layer of security over your PEFCU debit and credit cards. With Card Controls, you can temporarily or permanently deactivate lost or stolen cards from the PEFCU Mobile Banking app.  If your card is misplaced, you can turn it off by simply toggling the on/off switch on the screen.   Enrolling is easy:   Simply log in to your PEFCU…

PEFCU Credit Card Rewards: Music

Love Music? Then ScoreCard® rewards will be music to your ears. Every time you use your PEFCU Visa® Credit Card, there is an opportunity to earn reward points. With your rewards points, you can easily redeem your points for good vibrations.   Digital Album Downloads  You can download albums with your ScoreCard Rewards Points. Got one favorite workout tune? You can pick your one favorite song to download too.  Concert Tickets  Do you prefer an in-person musical experience? With ScoreCard® rewards, you can get as close as you can to hear your favorite musician play. Use your rewards to get in the concert hall, the front row,…

October 19, 2020PEFCU Perks No Comments
PEFCU Credit Card Rewards: Music

Love Music? Then ScoreCard® rewards will be music to your ears. Every time you use your PEFCU Visa® Credit Card, there is an opportunity to earn reward points. With your rewards points, you can easily redeem your points for good vibrations.   Digital Album Downloads  You can download albums with your ScoreCard Rewards Points. Got one favorite workout tune? You can pick your one favorite song to download too.  Concert Tickets  Do you prefer an in-person musical experience? With ScoreCard® rewards, you can get as close as you can to hear your favorite musician play. Use your rewards to get in the concert hall, the front row,…

#ICUDAY: Inspiring Hope for a Global Community 

Why do hundreds of millions of people worldwide choose credit unions? Because credit unions have a “people-first” philosophy that impels them to constantly improve their communities and the lives of their members. That local service feeds a worldwide network that reaches more than 274 million members across the globe. On October 15, 2020, join credit union and financial cooperative members around the globe in celebrating 72 years of International Credit Union Day®.  PEFCU’s story began with Publix founder George Jenkins (Mr. George) more than 63 years ago. Mr. George also created a “people helping people” culture that made Publix associates’ personal needs important. He wanted Publix associates and their immediate…

October 13, 2020We Are PEFCU 3 Comments
#ICUDAY: Inspiring Hope for a Global Community 

Why do hundreds of millions of people worldwide choose credit unions? Because credit unions have a “people-first” philosophy that impels them to constantly improve their communities and the lives of their members. That local service feeds a worldwide network that reaches more than 274 million members across the globe. On October 15, 2020, join credit union and financial cooperative members around the globe in celebrating 72 years of International Credit Union Day®.  PEFCU’s story began with Publix founder George Jenkins (Mr. George) more than 63 years ago. Mr. George also created a “people helping people” culture that made Publix associates’ personal needs important. He wanted Publix associates and their immediate…

4 Must-Try Personal Finance Apps

Getting your finances in check can be hard. Fortunately, technology makes it easier to manage your personal finances. There are many applications to help with your budget goals. Each provides a unique approach to help you manage your money. We’ve done a little digging for you. Check out these budgeting apps to find out what works best for you!   You Need a Budget (YNAB) How it helps: YNAB is all about budgeting. Period. This app provides both the mechanics to monitor your income and expenses and help you find the root causes of financial distress. It follows the model “give every dollar a job.” YNAB encourages users to think about money differently and this philosophy can be difficult for some users to catch on to. When using this tool, you only budget the dollars you already have.…

October 12, 2020Wallet Wins 2 Comments
4 Must-Try Personal Finance Apps

Getting your finances in check can be hard. Fortunately, technology makes it easier to manage your personal finances. There are many applications to help with your budget goals. Each provides a unique approach to help you manage your money. We’ve done a little digging for you. Check out these budgeting apps to find out what works best for you!   You Need a Budget (YNAB) How it helps: YNAB is all about budgeting. Period. This app provides both the mechanics to monitor your income and expenses and help you find the root causes of financial distress. It follows the model “give every dollar a job.” YNAB encourages users to think about money differently and this philosophy can be difficult for some users to catch on to. When using this tool, you only budget the dollars you already have.…

PEFCU Credit Card Rewards: Travel

After sheltering in place for several months, you must be itching to explore new territory. Why not take advantage of the rewards that come with the PEFCU Visa® Credit Card? Whether you’re taking a road trip, boarding a plane, or cruising the seas, your ScoreCard® reward points can help you make it to your next destination. You can find the best ways to use your points toward travel accommodations below:  Hotel Reservations  While you’re away on a trip, good sleep is crucial so you can enjoy the daily excitement. Your hotel accommodations can be the difference between a night of sweet slumber and a night of horrors. Whether you’re…

October 12, 2020Borrowing Basics No Comments
PEFCU Credit Card Rewards: Travel

After sheltering in place for several months, you must be itching to explore new territory. Why not take advantage of the rewards that come with the PEFCU Visa® Credit Card? Whether you’re taking a road trip, boarding a plane, or cruising the seas, your ScoreCard® reward points can help you make it to your next destination. You can find the best ways to use your points toward travel accommodations below:  Hotel Reservations  While you’re away on a trip, good sleep is crucial so you can enjoy the daily excitement. Your hotel accommodations can be the difference between a night of sweet slumber and a night of horrors. Whether you’re…

CO-OP ATM Network

We get it. In times like these, you want the ability to access cash whenever you need it. The good news is that PEFCU is now part of the CO-OP ATM Network, which gives you access to more ATMs.   What is the CO-OP?  CO-OP Financial Services understands that valued credit union members like you appreciate being a part of community-based financial institutions like PEFCU because we look to serve our members and are not operating for profit. CO-OP unites some of the most innovative thinkers that help us make your financial experience easier and more secure. By thinking out of the box, they have used user-friendly technology that give…

October 5, 2020PEFCU Perks 4 Comments
CO-OP ATM Network

We get it. In times like these, you want the ability to access cash whenever you need it. The good news is that PEFCU is now part of the CO-OP ATM Network, which gives you access to more ATMs.   What is the CO-OP?  CO-OP Financial Services understands that valued credit union members like you appreciate being a part of community-based financial institutions like PEFCU because we look to serve our members and are not operating for profit. CO-OP unites some of the most innovative thinkers that help us make your financial experience easier and more secure. By thinking out of the box, they have used user-friendly technology that give…

PEFCU Credit Card Rewards: Charity

You have a big heart, don’t you? You are always looking for opportunities to give to those in need. With the PEFCU Visa® Credit Card, you can give your ScoreCard® reward points to charitable organizations. It is one more reason that you’ll want to hold on to your PEFCU Visa® card.   Local Charities  Scorecard® allows you to search for local charities, allowing you to see your community change up close. Choose from a list of charities that are close to your neighborhood… and close to your heart.  Giving Pools  Sometimes paying it forward is a small piece of a bigger puzzle. You can join other like-minded members and pool your points together with them for a large donation to…

October 5, 2020PEFCU Perks, Wallet Wins No Comments
PEFCU Credit Card Rewards: Charity

You have a big heart, don’t you? You are always looking for opportunities to give to those in need. With the PEFCU Visa® Credit Card, you can give your ScoreCard® reward points to charitable organizations. It is one more reason that you’ll want to hold on to your PEFCU Visa® card.   Local Charities  Scorecard® allows you to search for local charities, allowing you to see your community change up close. Choose from a list of charities that are close to your neighborhood… and close to your heart.  Giving Pools  Sometimes paying it forward is a small piece of a bigger puzzle. You can join other like-minded members and pool your points together with them for a large donation to…

4 Smart Ways to Use Your Stimulus Check 

If you are fortunate enough to have a secure job during this COVID-19-related economic downturn, you might not need the stimulus money offered to struggling American families. While everyone could use the extra money, here are four wise tips for using your stimulus checks:    1. Pay Your Most Important Bills First.  Some families are hurting right now. If your family is among them, prioritize and pay the most important bills first. If feeding your family is most crucial, then use the money to buy groceries. Otherwise, prioritize your bills according to need. Just be aware that deferments and forbearances must eventually be repaid.    2. Build Up Your Savings.  There’s nothing wrong with putting your money aside for a rainy day. Today is a rainy day for millions of Americans. If you’ve kept your head…

September 21, 2020Future Planning, Wallet Wins No Comments
4 Smart Ways to Use Your Stimulus Check 

If you are fortunate enough to have a secure job during this COVID-19-related economic downturn, you might not need the stimulus money offered to struggling American families. While everyone could use the extra money, here are four wise tips for using your stimulus checks:    1. Pay Your Most Important Bills First.  Some families are hurting right now. If your family is among them, prioritize and pay the most important bills first. If feeding your family is most crucial, then use the money to buy groceries. Otherwise, prioritize your bills according to need. Just be aware that deferments and forbearances must eventually be repaid.    2. Build Up Your Savings.  There’s nothing wrong with putting your money aside for a rainy day. Today is a rainy day for millions of Americans. If you’ve kept your head…