Latest Posts

[Video] Differentiating Your Auto Loan Offer

For years, credit unions have marketed their auto loans by promoting their industry-leading low interest rates, low payments as a result of those low interest rates, and great service. While those offers are certainly worth mentioning, unfortunately, they are no longer differentiators in the current auto lending environment that has been in a low-rate holding pattern for some time. In order for lenders to distinguish their auto loan program from the competition, they must learn to offer...Read more

What to Expect When Closing on Your New Home

You have everything checked off on the mortgage process checklist above, and have finally made it to the very last, most exciting check mark—closing the transaction, also known as the settlement.  This is the moment where ownership of the home will transfer to you, the buyer, from the seller. But before the closing is final and the keys to your new house are dropped in your hands for good, there are a few things you need to know to help you prepare: Read more

5 Tips to Safeguard Your Company from Cyber Attacks

Everyone knows that fraud, in all its forms, is expensive. According to the Association of Certified Fraud Examiners, the typical organization loses 5% of its revenue any given year to fraud. Assuming you don't want to hand over 5% of your company's revenue to fraudsters each year, here are some tips to tighten your electronic controls and prevent cyber attacks, which affect the majority of companies on a daily or weekly basis. Read more

Which Company Culture Matches Your Work Style?

Have you ever asked yourself, “what is the culture at my place of work and does it really fit me?” Read more

Improve Your LinkedIn Profile in 5 Simple Steps

Many business professionals that I regularly interact with are somewhat perplexed when it comes to LinkedIn. While most people of all age groups understand the basics of social media from a personal perspective—Facebook, Twitter, Instagram—LinkedIn falls into a different category where the lines of what to include in your profile and what type of content to share can become blurred. If you're using LinkedIn to build your professional network, generate leads, or search for career...Read more

How Lenders Will Be Impacted by the 2016 Election Results

For most Americans, the last year of campaign slogans, attack ads, debates, and social media rants has been exhausting. No matter what side of the aisle you sit, emotions have been—and remain—high. For many business and financial institution leaders, our post-election inboxes and news streams have been flooded with predictions about how a Trump presidency will impact business growth, regulatory change, and the overall economy. Read more

Will the Battle Be Joined?

In 1993, President Bill Clinton came into office planning a large fiscal spending program that centered on education and infrastructure spending, coupled with a middle-class tax cut. Unfortunately for the new president, the Federal Reserve (Fed) had been providing heavy monetary stimulus to combat a relatively nasty recession in the early 1990s. Fed Chairman, Alan Greenspan, was actually getting ready to reduce this stimulus due to concerns about building inflation. In his mind, new fiscal...Read more

5 Delinquent Borrower Objections (and How to Overcome Them)

When it comes to paying bills, some people have a million excuses (both valid and invalid) for skirting their obligations. Unfortunately, lenders constantly deal with borrowers' excuses when it comes time to pay up. Here's some guidance for responding to common collections objections and recouping the money you're rightfully owed. Read more

The Differences Between Term Life and Permanent Life Insurance

Although most people don’t like to think about it, getting life insurance is an important decision for you and your family. Buying life insurance now helps protect your dependents later if you’re not around to take care of them. After you’re gone, your family can use the proceeds to cover funeral costs, mortgage and other loan payments, college tuition, and other expenses. Read more

When to Dip Into Your Emergency Savings Fund

If you look up "emergency" in Merriam-Webster's dictionary, you'll see the definition is listed as, "an unexpected and usually dangerous situation that calls for immediate action."  When considering whether a specific expense is an appropriate use of the emergency savings fund you probably saved for years to accumulate, the word unexpected is key.  Read more

Save Money on Your Teenage Driver's Auto Insurance

If you’re already complaining about your teen's extracurricular expenses, then you don’t have a 16-year old who’s about to get their license and start driving. Not only does the expense of purchasing an additional vehicle come to your mind, but the added expense of an auto insurance policy probably gives you a little anxiety as well. While teens are considered a higher-risk, it doesn’t mean you will have to break the bank when purchasing an auto insurance plan. Here are few tips and tricks you...Read more

Department of Labor Fiduciary Ruling: 5 Things You Need to Know

The Department of Labor (DOL) Fiduciary Ruling is good news for employers and their employees. The primary benefit of the new legislation is that investment professionals that offer investment recommendations for retirement plans will be held to the fiduciary standards as defined by ERISA. While you may believe your existing investment advisor has served in this role, this is less common than most employers would think. Use the five questions listed below to confirm that you are taking...Read more

How to Determine the Amount of Life Insurance You Need

Figuring out how much life insurance you need doesn't have to become an extensive mathematical equation that you can't easily solve. As we know, life happens. What does that mean for you? As you reach different milestones in your life, you will need to determine if that requires you to increase your life insurance coverage. Let's say you receive a substantial pay raise, now your family will rely on that extra income to cover a larger portion of expenses. This is a great example of...Read more

6 Smart Ways to Use Your Holiday Bonus

While there are unfortunately few "nice problems to have" in life, here's one: you need to decide what to do with unexpected or bonus cash. We all would love to have this problem more often! If you're receiving a year-end or holiday bonus, first, take a little time to enjoy the feeling. Second, let's talk about smart ways to use the extra money. Read more

5 Reasons Military Veterans Should Use a VA Loan to Finance Their Home

As a veteran, you worked hard and made unimaginable sacrifices to protect our country and our freedom. It's only fair that you receive some benefits in return! One big benefit of your service is the opportunity to use a Veterans Affairs (VA) home loan to purchase or refinance a home. Here are five great reasons to use a VA loan: Read more

Selling Your Home? Don't Do These 5 Things

Finally! The shiny “FOR SALE” sign has been hammered into your front lawn to advertise to the world that you, indeed, are planning to move into a new house! But for some reason, the metal sign has been swinging back and forth inside the ihooks for about two months, and you’ve had no hits on your home. Most sellers are in denial and think their house is desirable as is, but they’re wrong. You could be the one who’s preventing the sale. If you are doing any of the following things below,...Read more

4 Ways a Small Business Can Avoid Cyber Attacks

According to the Small Business Administration, there are almost 28 million small businesses in the United States. Small businesses are the backbone of our economy, and since the 1970s, they have provided 66% of all new net jobs. However, because small businesses don't typically have the technology and human capital resources of larger corporations, it makes them more vulnerable to fraud and cyber attacks. Hackers have gotten more and more sophisticated with their tactics, making it...Read more

Steps You Should Take AFTER You Pay Off Your Credit Cards

It's the big day! Whoopee! You've graduated to an elite group of consumers who have paid off all of their credit card debt. Congrats! Okay, so there's no pomp and circumstance, no commencement speeches and no one is handing you a diploma, but there's definitely a great reason to celebrate. So, give yourself a high five! You should be proud of your persistence and sacrifice, and soak in the feeling of freedom that comes with being free of credit card debt.  Read more

4 Areas to Save on Your Custom-Built Home

If you're in the process of building a custom home, or thinking about building one, it can be tempting to want to include every high-end feature imaginable. After all, the ability to create a customized, unique home that is suited to your specific wants and needs is one of the primary reasons that consumers believe that building a custom home is the right move for them. However, when it comes to building a custom home—or remodeling an existing home, for that matter—rarely does someone have an...Read more

5 Tips Every Real Estate Investor Should Know

If done right, real estate investing can be a great source of secondary income and even become your primary source of income. Starting on the right foot and understanding the process is imperative and can save you time and money in the long run.  If you are currently a real estate investor or thinking about becoming one, here are five essential tips that every real estate investor should know-no matter where you are in the game.  Read more