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Money Matters Blog

Tuesday, March 31, 2020

Fun Activities for Kids at Home

It isn’t always easy to be holed up at home with just your family for company. After a few days, you may be running out of ideas on how to keep your kids busy and engaged. As the parent, you have the unique opportunity to set the tone in your home and decide if these weeks will be a nightmare for everyone, or filled with precious memory-making and family-bonding activities.

Here are some fun activities to keep your kids busy while you wait out the pandemic at home:

Tuesday, March 24, 2020

Tips for Working at Home

The coronavirus pandemic has taken the world as we know it and turned it upside down. As part of this upheaval, millions of Americans have been sent home from work with laptops in hand and strict instructions to remotely tend to their usual workload.

Unfortunately, this can prove to be a lot harder than it sounds. If you find yourself struggling to complete your workload from home during the outbreak, we can help!

Here are some tips on how to stay focused, on-task and productive as you work from home.

Friday, March 20, 2020

School Spotlight: Gallimore Volunteers Multitask at the Student-Run Credit Union!

Gallimore Elementary Student-Run Credit
Union winter volunteers with Education
Partnership Coordinator, Julie Blaylock.
Gallimore Elementary School in Canton has been a partner with Community Financial for ten years! Since the Student-Run Credit Union’s program introduction in 2010, Gallimore has evolved from being a standard K-5 elementary school, to a 3-5 district school for talented and gifted students. Community Financial’s involvement at Gallimore has evolved as well.

Education Partnership Coordinator, Julie Blaylock, works with student volunteers who typically embrace challenges with open arms.

Julie finds creative ways to challenge Gallimore students’ abilities and thinking, usually by multitasking. Here are some pictures of student volunteers multitasking on the job!

Tuesday, March 17, 2020

Beware of Coronavirus Scams

Scammers are notorious for capitalizing on fear, and the coronavirus outbreak is no exception. They have already set up fake websites, bogus funding collections and more in an effort to trick the fearful and unsuspecting out of their money.

The World Health Organization (WHO) has published on its website a warning against email scams connected to the coronavirus. The agency claims it has received reports from around the world about phishing attempts mentioning coronavirus on an almost daily basis.

Tuesday, March 10, 2020

Why You Should Never Abbreviate 2020

It may be a new year, but scammers are still looking for ways to con you out of your money. Experts are warning of a new scam that involves changing the date on important documents.

Most of us are accustomed to abbreviating the date by using just the last two digits when we need to write it. While it was fine to do in the past, continuing this practice in 2020 can be problematic. With the two sets of digits that make up the new year being identical, abbreviating the date on documents opens us up to multiple scams.

Tuesday, March 3, 2020

"Thumbs Up for Charity" Starts March 9th!

We often give a “thumbs up” to things we like such as Facebook statuses and Netflix shows. During the month of March, Community Financial is making it easy for you to give a “thumbs up” to your favorite charity with our 7th annual “Thumbs Up for Charity!” program! So how can you get involved?

Starting Monday, March 9th, you can nominate a local organization that's doing great work in your community for a chance to receive a donation up to $10,000! Nominations will be accepted at cfcu.org/thumbsup until Friday, March 27, 2020.

Tuesday, February 25, 2020

9 Germy Places to Avoid or Disinfect This Winter

As winter settles in, it’s time to brush up on your disinfecting smarts. Harmful bacteria can lurk in places you’d never suspect, and knowing which places to be wary of can help you avoid getting sick this winter.

At home 

There are harmful microbes all over our homes-and most are found in the kitchen. 

Kitchen sink
According to microbiologist Charles Gerba, there is more fecal bacteria in your kitchen sink than there is in your toilet after flushing it. Gerba recommends regularly scrubbing your sinks with diluted bleach, or with a kitchen cleaning product that contains bleach. For best results, allow the cleaning solution to sit for a bit before wiping, or use wipes for a more targeted cleanup. Be sure to clean the entire sink and all nearby surfaces, as well.

Friday, February 21, 2020

School Spotlight: Hillside Middle School Students Continue to Save

Hillside Middle School Student-Run
Credit Union first semester volunteers
Hillside Middle School in Northville provides students with the continued opportunity to save their money at school with Community Financial’s Student-Run Credit Union program. Many students have been saving their money since elementary school at Thornton Creek, Amerman, and Moraine within the Northville School District.

So, what are middle school students saving for these days? A phone, a down payment on a car, video games, college, and clothing are just a few examples. Although the list is wide-ranging, maintaining good money-saving habits during middle school is important for a student’s future financial success.

Tuesday, February 18, 2020

How to Create a Budget in 6 Easy Steps

If you’re always wondering how you’re going to pay the next bill, feel guilty when you indulge in overpriced treats and you just can’t find money to put into savings, you might need a budget.

A budget will help you gain financial awareness, which will help facilitate more responsible decisions. Here are 6 easy steps to create a budget:

Step 1: Gather your financial information
Collect all your financial documents and receipts for three consecutive months. This includes all account statements, bills, pay stubs, receipts and more.

Tuesday, February 11, 2020

Create Your Own Photo Shoot

Professional pictures can cost a pretty penny, but captured memories are priceless. Have your pictures and your money, too, by creating your own photo shoot.

Where should you look for props? 
  • Your best bet for cheap props is your local dollar store 
  • Try discount shops like Five Below 
  • Most box stores have an aisle of clearance or 5-and-under items 
  • Make something at home! Take empty boxes, paint, scissors and glue and create something new 

Tuesday, February 4, 2020

Beware of the Fake Check Scam Targeting College Students

Making the transition from high school to college isn’t easy. Unfortunately, scammers are making it even more challenging. In fact, there’s recently been an uptick in fake check scams targeting new college students. Don’t be the next victim! Here’s how you can recognize a fake check scam.

How does the scam play out? There are several variations of the fake check scam, but all of them ultimately lead to the victim cashing an extra-high fake check and returning the difference to the scammer.

Tuesday, January 28, 2020

Making Your Own Luck

We all can point to that one person in our lives for whom everything seems to come easily. He or she has a good income, great house, beautiful children and the checkout line they choose always moves the quickest. You probably really wonder about that person. Why are they so lucky? Why not me?

Well, why not you? Research has confirmed that we have more power over our own luck than we think.  We can make ourselves into the type of successful, powerful, happy people that everyone else will wonder about with these three easy tips:

Tuesday, January 21, 2020

All You Need to Know About Home Loans

If you’re in the market for a new home, you’ll likely need to take out a home loan or mortgage. Let’s take a closer look at this product and its application process.

What is a home loan?
A home loan enables you to buy a home without having to pull all the cash directly from your pocket at the time of purchase. You’ll need to make a down payment, which is typically between 3.5-20% of the home’s value, along with closing costs and some other fees. The home loan will finance the rest. You’ll then repay the loan, along with interest, generally over the course of 15 to 30 years.

Friday, January 17, 2020

School Spotlight: Wildwood Elementary Students are SMART!

Wildwood Elementary Student-Run
Credit Union fall volunteers.
Community Financial’s Westland branch opened to our members in 2018.  Since then, our school partnerships within the Wayne-Westland School District have started to develop.

Wildwood Elementary joined in partnership with Community Financial last year.  Here are some pictures of Wildwood’s Student-Run Credit Union.



Tuesday, January 14, 2020

January is National Blood Donor Month, 3 Reasons to Donate Today


With the holidays behind us and thoughts of gratitude and kindness fresh on the brain, let’s talk about donation! Specifically blood donation because January is National Blood Donor Month.

Why should you donate? Take a look at these blood supply statistics from the American Red Cross and the Community Blood Center:

Tuesday, January 7, 2020

Don’t Get Scammed at the Gym

If you’re looking to make good on your New Year’s resolution by joining a gym, make sure to keep your eyes out for these five subtle gym scams.


The Free Trial
Free gym trials can end up costing you a pretty penny. The Better Business Bureau (BBB) warns against sharing your credit card information with a gym that’s offering a free trial, since many will start automatically charging you a monthly fee unless you remember to cancel your “membership” within a certain time-frame.

The Fix: Read the fine print on free trial offers. If possible, only take advantage of a free trial offered without asking for any financial information.