Blog - Page 28 - PEFCU Blog

Why a Good Credit Score Matters

You’ve heard by now, more than once, that it is important to have a good credit score. While this sounds good and wise, the importance of a high credit score often doesn’t sink in until you see it in black and white. We want you to understand that a good credit score matters in very real ways. The following example will help illustrate the difference your credit score makes for how much you pay for loans, such as financing a vehicle. The Effect of a Good Credit Score Before we begin, it is important to note that each lender will have their own tiers for deciding what constitutes a…

September 1, 2020Wallet Wins 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…

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

July 5, 2020Wallet Wins 2 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…

July 4, 2020Borrowing Basics 11 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…

July 3, 2020We Are PEFCU 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…

July 1, 2020Borrowing Basics No 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…

June 30, 2020We Are PEFCU 39 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…

June 29, 2020PEFCU Perks 2 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…

June 28, 2020PEFCU Perks No Comments

KNOW Before You GO: Car Shopping

There’s lots of excitement when you are shopping for a new or used vehicle. There’s the good excitement of test–driving those shiny, new cars. But there’s also the nervous excitement of making a big financial move. Whether you’re a car-buying novice or you’re a car-buying guru, we have a few tips that will calm you enough to make a cool-headed decision. Get Pre-Approved Your most important step is to get a pre-approval from the PEFCU. With a pre-approval, you’ll know how much you can spend before you go shopping and you’ll also have an advantage during dealership negotiations. Why? Because dealers know they can‘t charge you more than your pre-approved amount. You can apply for pre-approval at www.pefcu.com, via the PEFCU Mobile Banking app, or by visiting your local branch. Do Your Research Before you even step foot into a dealership, make sure to do your research. The Internet is a good place to start. Research what others are paying for the same vehicle in your area. Kelly Blue Book is a…

June 27, 2020Borrowing Basics No Comments

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