MVCU Blog

Living the Credit Union motto of “People Helping People” is important to the team at MVCU.

Life is unpredictable. It doesn’t matter how much you plan; sometimes, things pop up that can be very expensive! Having money saved for planned and unplanned events can help you manage financial stress.

It’s a new year! Now is a great opportunity to develop some positive savings habits to build or refresh your Emergency Savings account.

Since starting this blog in 2020, we’ve covered a wide range of topics. We have talked about taxes and learning how to file on your own, understanding your 401(k) and the benefits of owning a credit card. We’ve discussed budgets in every way you could think of; how your personality effects your budgeting, different types of budgets and the 50/30/20 budgeting rule. At one point, we even threw in a financial challenge that proved to be a total failure if you don’t have great willpower (for me, anyway). It has been fun doing deep dives into the world of personal finance. All this big thinking, though, can cause us to gloss over basic financial principles.

Recently, some of our members were targeted by a Home Warranty Notice scam. This isn’t the first time this scam has been used, and it probably won’t be the last. But don’t worry! If you stay alert and aware, you can avoid becoming a victim.