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 11 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…

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 39 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…

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
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…

PEFCU Values: Inclusive

What does it mean to be inclusive? To us, being inclusive means celebrating authenticity, creating a sense of belonging for all people, and respecting different points of view. Below are some ways that PEFCU commits to being inclusive. “Strength lies in differences, not in similarities” – Stephen Covey. PEFCU Values: Ways That We Are Inclusive DE&I (Diversity, Equity, and Inclusion) Training: DE&I Training recognizes the benefit of diversity to PEFCU and reiterates our commitment to inclusion. Our People Development team brings engaging development sessions to every PEFCU branch and office to boost our collective awareness. These sessions are interactive and discussion-based, answering…

June 26, 2020We Are PEFCU No Comments
PEFCU Values: Inclusive

What does it mean to be inclusive? To us, being inclusive means celebrating authenticity, creating a sense of belonging for all people, and respecting different points of view. Below are some ways that PEFCU commits to being inclusive. “Strength lies in differences, not in similarities” – Stephen Covey. PEFCU Values: Ways That We Are Inclusive DE&I (Diversity, Equity, and Inclusion) Training: DE&I Training recognizes the benefit of diversity to PEFCU and reiterates our commitment to inclusion. Our People Development team brings engaging development sessions to every PEFCU branch and office to boost our collective awareness. These sessions are interactive and discussion-based, answering…

IRA Investing for Beginners 

Although many employers offer 401k and other retirement options, it’s a good idea to set aside personal funds as well to ensure you can enjoy retirement the way you want to. A great place to start is to invest in an IRA (or Individual Retirement Account).   What is an IRA?  An IRA is a personal savings account set up specifically for retirement. Employees under the age of 50 can contribute up to $5,500 a year into an IRA – after age 50, you may contribute up to $6,500 a year. Because it’s designed for use during retirement, there are specific…

June 25, 2020Future Planning No Comments
IRA Investing for Beginners 

Although many employers offer 401k and other retirement options, it’s a good idea to set aside personal funds as well to ensure you can enjoy retirement the way you want to. A great place to start is to invest in an IRA (or Individual Retirement Account).   What is an IRA?  An IRA is a personal savings account set up specifically for retirement. Employees under the age of 50 can contribute up to $5,500 a year into an IRA – after age 50, you may contribute up to $6,500 a year. Because it’s designed for use during retirement, there are specific…