Car Buying 101: What You Need To Know

Where to start? Who said that buying your first car would be easy? Chances are that you’ve received lots of unhelpful and conflicting advice on your way to the dealership. So, before you take that test drive, here are six car buying basics that you should know:  Loan pre–approval is your most powerful negotiation tool. Get this first! If you know your approval limit and interest rate, you’ll be able to effectively strategize. PEFCU usually offers better rates and terms than banks. Just reach out for more info.  The total price is more important than the monthly payment. This is very basic. Many people think if they can handle the monthly payment, it doesn’t matter how long it takes to pay off the car…

July 6, 2020Borrowing Basics 3 Comments
Car Buying 101: What You Need To Know

Where to start? Who said that buying your first car would be easy? Chances are that you’ve received lots of unhelpful and conflicting advice on your way to the dealership. So, before you take that test drive, here are six car buying basics that you should know:  Loan pre–approval is your most powerful negotiation tool. Get this first! If you know your approval limit and interest rate, you’ll be able to effectively strategize. PEFCU usually offers better rates and terms than banks. Just reach out for more info.  The total price is more important than the monthly payment. This is very basic. Many people think if they can handle the monthly payment, it doesn’t matter how long it takes to pay off the car…

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
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…

5 Ways to Build Your Emergency Fund 

Car repairs. Medical bills. Sudden job loss. These unexpected expenses unfortunately pop up from time to time. Putting aside three to six months of living expenses into an Emergency Fund should be at the top of everyone’s financial to-do list.   However, that isn’t the easiest thing to do. Could you use some guidance? If so, here are five tips to help you boost your emergency fund without drastically changing your lifestyle or finances.  #1: Payroll Deduction  The best way to jumpstart your emergency savings is with payroll deduction. This service allows you to designate a certain dollar amount to be transferred to a separate savings account every time your paycheck is…

July 5, 2020Wallet Wins 2 Comments
5 Ways to Build Your Emergency Fund 

Car repairs. Medical bills. Sudden job loss. These unexpected expenses unfortunately pop up from time to time. Putting aside three to six months of living expenses into an Emergency Fund should be at the top of everyone’s financial to-do list.   However, that isn’t the easiest thing to do. Could you use some guidance? If so, here are five tips to help you boost your emergency fund without drastically changing your lifestyle or finances.  #1: Payroll Deduction  The best way to jumpstart your emergency savings is with payroll deduction. This service allows you to designate a certain dollar amount to be transferred to a separate savings account every time your paycheck is…

5 Things To Know About Publix Stock Secured Loans

George Jenkins (Mr. George), the founder of Publix Super Markets, Inc., believed in investing in people. He believed that if his associates owned Publix, they would care for and continue to improve the business. When Mr. George founded Publix Employees Federal Credit Union (PEFCU), associates had the opportunity to own a Credit Union that met their unique financial needs.    What better way for you to take advantage of ownership than to borrow against your non-ESOP shares when you need it? The PEFCU Stock Secured Loan will come in handy for planned events or unplanned rainy days. Here are five facts you…

July 4, 2020Borrowing Basics 10 Comments
5 Things To Know About Publix Stock Secured Loans

George Jenkins (Mr. George), the founder of Publix Super Markets, Inc., believed in investing in people. He believed that if his associates owned Publix, they would care for and continue to improve the business. When Mr. George founded Publix Employees Federal Credit Union (PEFCU), associates had the opportunity to own a Credit Union that met their unique financial needs.    What better way for you to take advantage of ownership than to borrow against your non-ESOP shares when you need it? The PEFCU Stock Secured Loan will come in handy for planned events or unplanned rainy days. Here are five facts you…

PEFCU Values: Transparent

What does it mean to be transparent? To us, it means that by being fair and honest, we create real relationships with our employees. Below are some ways that PEFCU is transparent. “Transparency breeds trust.” PEFCU Values: Ways That We Are Transparent PAR (Performance Achievement Review): PEFCU strives to be an employer of choice. With our PAR strategy, we make our annual goals clear to our employees each year, and we give honest feedback quarterly. The honest rapport between managers and employees leads to better performance and better service for our members. Annual Report: Each year, PEFCU shares the Credit…

July 3, 2020We Are PEFCU No Comments
PEFCU Values: Transparent

What does it mean to be transparent? To us, it means that by being fair and honest, we create real relationships with our employees. Below are some ways that PEFCU is transparent. “Transparency breeds trust.” PEFCU Values: Ways That We Are Transparent PAR (Performance Achievement Review): PEFCU strives to be an employer of choice. With our PAR strategy, we make our annual goals clear to our employees each year, and we give honest feedback quarterly. The honest rapport between managers and employees leads to better performance and better service for our members. Annual Report: Each year, PEFCU shares the Credit…

Benefits of Refinancing Your Auto Loan

Are your car payments wrecking your budget without putting a dent in your loan? Are you throwing away money in interest payments each month? If so, refinancing your auto loan may be an easy solution. It’s a painless process that could keep your money in your pocket.   Let’s review what auto refinancing is and how to decide if it’s right for you.   What is Auto Loan Refinancing?   Refinancing your auto loan sounds hard, but it’s simple. When you originally bought your vehicle, you likely financed it with the dealership or some other lender. By refinancing your loan, you are just switching it from your current lender to a new lender to save money.   Why Should You Refinance?   Better Rates: You would want to refinance your auto loan to take advantage of better loan rates. If auto loan rates are…

July 2, 2020Borrowing Basics 1 Comment
Benefits of Refinancing Your Auto Loan

Are your car payments wrecking your budget without putting a dent in your loan? Are you throwing away money in interest payments each month? If so, refinancing your auto loan may be an easy solution. It’s a painless process that could keep your money in your pocket.   Let’s review what auto refinancing is and how to decide if it’s right for you.   What is Auto Loan Refinancing?   Refinancing your auto loan sounds hard, but it’s simple. When you originally bought your vehicle, you likely financed it with the dealership or some other lender. By refinancing your loan, you are just switching it from your current lender to a new lender to save money.   Why Should You Refinance?   Better Rates: You would want to refinance your auto loan to take advantage of better loan rates. If auto loan rates are…

Understanding Your Credit Score

Most people believe if they make all of their credit cards, car loan, and mortgage payments on time, they can expect their credit score to be great. However, focusing on your payment history alone will not give you a complete breakdown of what actually goes into your credit score. Here are five factors that determine your credit score:   Payment History: 35% Lenders want to know that you are a reliable payer and you are making most of your payments in a timely manner. While a one-time late payment will have an impact on your payment history, if it is an unusual occurrence, it will not take long to regain your standing.   Your payment…

July 1, 2020Borrowing Basics No Comments
Understanding Your Credit Score

Most people believe if they make all of their credit cards, car loan, and mortgage payments on time, they can expect their credit score to be great. However, focusing on your payment history alone will not give you a complete breakdown of what actually goes into your credit score. Here are five factors that determine your credit score:   Payment History: 35% Lenders want to know that you are a reliable payer and you are making most of your payments in a timely manner. While a one-time late payment will have an impact on your payment history, if it is an unusual occurrence, it will not take long to regain your standing.   Your payment…

PEFCU History: A Look Back in Time

Building Our Credit Union  Publix Employees Federal Credit Union (PEFCU) wasn’t built with brick and mortar. PEFCU was built with people, by people, and for people. We owe our success to the individuals who share our trust, commitment, and values.  Membership is essential to the design of our not-for-profit cooperative, and the members keep the Credit Union strong.     The Architects  PEFCU was envisioned by Publix founder George Jenkins, John Turner, and other leaders of Publix Super Markets, Inc. Mr. George was known for his generosity, and he often helped Publix associates in times of financial need. In 1957, someone suggested…

June 30, 2020We Are PEFCU 37 Comments
PEFCU History: A Look Back in Time

Building Our Credit Union  Publix Employees Federal Credit Union (PEFCU) wasn’t built with brick and mortar. PEFCU was built with people, by people, and for people. We owe our success to the individuals who share our trust, commitment, and values.  Membership is essential to the design of our not-for-profit cooperative, and the members keep the Credit Union strong.     The Architects  PEFCU was envisioned by Publix founder George Jenkins, John Turner, and other leaders of Publix Super Markets, Inc. Mr. George was known for his generosity, and he often helped Publix associates in times of financial need. In 1957, someone suggested…

4 Perks of Going Mobile 

The iPhone® just came out in 2007. That’s hard to believe, isn’t it? Since then, everything from checking your emails to finding a soul mate has completely changed.   The way we bank has transformed as well. Now we can make well-informed, instant financial decisions wherever we go. We can even deposit checks with just a few taps.   Keep reading to discover four ways that smartphones can lead to smart banking.   Get Access Anytime, Anywhere. Out and about and need to know how much money you have available? No problem. Check your balance or transfer money with a few simple taps. With the PEFCU Mobile Banking app, your account is a few taps away.   Pay Bills Instantly. Have you ever forgotten to pay a bill? This could be a thing of the past with mobile banking. When your bill arrives, just log in and pay it instantly with Online Bill…

June 29, 2020PEFCU Perks 2 Comments
4 Perks of Going Mobile 

The iPhone® just came out in 2007. That’s hard to believe, isn’t it? Since then, everything from checking your emails to finding a soul mate has completely changed.   The way we bank has transformed as well. Now we can make well-informed, instant financial decisions wherever we go. We can even deposit checks with just a few taps.   Keep reading to discover four ways that smartphones can lead to smart banking.   Get Access Anytime, Anywhere. Out and about and need to know how much money you have available? No problem. Check your balance or transfer money with a few simple taps. With the PEFCU Mobile Banking app, your account is a few taps away.   Pay Bills Instantly. Have you ever forgotten to pay a bill? This could be a thing of the past with mobile banking. When your bill arrives, just log in and pay it instantly with Online Bill…

Top 5 Reasons to Choose a Credit Union

1. YOU Own It  Banks take as much as they can and share as little as possible because they are controlled by profit-driven stockholders. PEFCU is a member-owned, not-for-profit co-op—so, the members benefit from the Credit Union’s success. Profits are returned to you in the form of lower loan rates and higher dividend rates than banks typically offer.   Also, once you’re a member, you’re always a member. Your membership qualifies your immediate family to become lifetime members as well.   2. YOU Earn More Money  The banks will offer deposit rates small enough to keep their shareholders happy, with little regard for the customer’s ability to earn…

June 28, 2020PEFCU Perks No Comments
Top 5 Reasons to Choose a Credit Union

1. YOU Own It  Banks take as much as they can and share as little as possible because they are controlled by profit-driven stockholders. PEFCU is a member-owned, not-for-profit co-op—so, the members benefit from the Credit Union’s success. Profits are returned to you in the form of lower loan rates and higher dividend rates than banks typically offer.   Also, once you’re a member, you’re always a member. Your membership qualifies your immediate family to become lifetime members as well.   2. YOU Earn More Money  The banks will offer deposit rates small enough to keep their shareholders happy, with little regard for the customer’s ability to earn…