Author: PEFCU - Page 14

Q&A with Karol Molle, Branch Manager, 26 years

At PEFCU, we are proud of what each of our employees brings to our Credit Union. We are especially proud to showcase the employees who have contributed to our organization for years. When our employees love PEFCU enough to stay with us, it shows that we have a lot to offer. One of those employees is Karol Molle, our Altamonte Springs Branch Manager, who has been with PEFCU for 26 years. We hosted Q &A with Karol to find out why PEFCU won her heart. Check out the interview below: Q: Why did you choose to join the PEFCU team? A: In 1994, I had the opportunity to join the PEFCU team. I worked for 17 years with…

December 6, 2020We Are PEFCU 2 Comments

Why Shopping Local Matters

We know that COVID-19 has had an impact on our economy. When we use the word “economy,” we often think about how the national economy is affected. But what affects us the most are the impacts on our local economies and communities. As a credit union that supports local economies, we understand how economic downturns affect each of our member’s financial lives. We know that the mom-and-pop pizzerias and bakeries are more real to you than the market value of the good because you can smell and taste the care that goes into each batch. We understand how brilliant the colors are at the farmer’s market you stroll through…

November 16, 2020Wallet Wins No Comments

Good Debt, Bad Debt – Knowing the Difference

You might be under the impression that all debt is bad, but that isn’t true. While no one likes to owe money, some loans can help you become more financially secure. There are good debts, and there are bad debts. Good debts are not as risky to lenders and may lead to better loan terms. Bad debts raise red flags to lenders and make them more cautious about lending you money, leading to higher interest rates. To help you better understand the differences, let’s review some examples of good and bad debts. Unsecured Debt vs. Secured Debt Most debt falls into two categories: secured debt and unsecured debt. Secured debt that is “secured” by collateral, like mortgages and car loans. If you do not repay the secured debt as promised, your lender can repossess the security (your house or car) to satisfy…

November 16, 2020Wallet Wins 1 Comment

Refinancing Loans to Boost Your Savings

Let’s be honest: saving money isn’t as easy as it sounds. You create a monthly budget and try your best to follow it—then something always pops up and throws you off track. Sure, you can switch cable providers or phone plans, but those savings are usually minimal. Want to see more progress? Then refinance your current loans. You may find you are giving half or more of your income toward monthly loan repayments. By refinancing, you can save a substantial amount of money. You can then place these funds into an emergency or retirement account so you can build your personal wealth. What is Loan Refinancing? Loan…

November 4, 2020Borrowing Basics 2 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…

November 2, 2020Borrowing Basics No 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…

October 19, 2020PEFCU Perks 4 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…

October 19, 2020PEFCU Perks 8 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,…

October 19, 2020PEFCU Perks No 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…

October 13, 2020We Are PEFCU 3 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.…

October 12, 2020Wallet Wins 2 Comments

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