SC Telco Federal Credit Union EVP to serve as board member for the Carolinas Credit Union Foundation Greenville, SC — Executive Vice President Brian McKay has been named to the Board of Directors for the Carolinas Credit Union Foundation. With a rich 25-year history, the Foundation partners with credit unions of the Carolinas to provide collaborative… Read more »
Savings Accounts
Share Certificates vs. CDs vs. Money Market Accounts
What is the Best Short Term Investment Option for Your Finances? Saving is smart. Investing is savvy. But when it comes to making your money work for you, there’s a catch. Traditional savings accounts rarely offer attractive rates, and popular investments (401Ks, IRAs, Roth IRAs, etc.) tend to tie up your money for a long… Read more »
Social Security Is Not Trying To Take Your Benefits
Last week, the Federal Trade Commission reported a new twist on the Social Security Administration (SSA) scam. Impostors will robocall individuals, alerting them that their SSA benefits will end – which is not true. Currently, this scam is the number one scam reported by the FTC with 73,000 reports being documented within the first six… Read more »
5 Ways Joining a Credit Union Can Help You Build Your Credit
There are plenty of excellent reasons to become a credit union member. Lower rates on loans. Higher rates on savings. Personalized financial service. A sense of community and ownership. The list of benefits goes on and on. But what about building a better credit rating? Is it possible that joining a credit union can help… Read more »
9 Steps to Fix Your Credit After Identity Theft
Since 2015, more than 60 million Americans have been victims of identity theft, and the resulting losses total more than $100 billion. Financial losses may be the most immediate concern for identity theft victims, but the long-term effects of damaged credit can be the most frustrating. Fixing your credit after identity theft requires a strategic… Read more »
The Benefits of Mobile Check Deposit
If it seems like everyone you know is using a mobile app to deposit their checks in the bank, that’s probably because they are. According to a recent Bankrate survey, 72% of millennials and 52% of Americans 50 and older use mobile deposit. And when you consider that approximately 95% of Americans own a cell… Read more »
Worshipers Targeted by Gift Card Scam
by Colleen Tressler Consumer Education Specialist, FTC We’re seeing a new spin on gift card scams. This time, scammers are pretending to be a pastor, rabbi, priest, imam, or bishop. They’re asking worshipers for gift card contributions for a worthy cause. Appeals are often made by email, but we’ve heard people are also getting texts… Read more »
4 Helpful Tips for Using Your Debit Card Overseas
Debit cards make everyday purchases more convenient. Whether you’re at the gas pump, store register, or restaurant drive-thru, swiping your card has likely become your preferred method for completing a transaction. But if you’re planning a trip overseas, you may be wondering whether you’ll be able to use your credit union debit card while traveling… Read more »
What the FTC Facebook settlement means for consumers
by Lesley Fair Attorney, Division of Consumer & Business Education, FTC The next time users visit Facebook, things might not look different, but big changes are brewing behind the scenes. The FTC’s record-breaking $5 billion settlement requires Facebook to conduct a massive overhaul of its consumer privacy practices. The settlement also makes major changes to… Read more »