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Money Matters Blog

Friday, April 16, 2021

School Spotlight: Celebrating March and April with Our Community Partners!

March and April are busy months for our community partnerships! Both months provide great opportunities for Community Financial to assist with educational events at local schools and libraries within the community. 

Students in Ms. Danaher’s fourth grade class at Kennedy Elementary
in Livonia listened to Education Partnership Coordinator, Amy Fava,
read as a guest for “March is Reading Month.”
“March is Reading Month” Fun

Community Financial has been actively supporting local libraries, school media centers, and classrooms for “March is Reading Month” for many years. This year, Education Partnership Coordinators have “zoomed” into classrooms to read some of their favorite books to students, as well as creating book read-aloud videos for teachers and media specialists alike. Prizes were also sponsored and given out to exceptional readers at Community Financial’s partnering schools. “March is Reading Month” was a fantastic month, full of reading fun for everyone involved.

Tuesday, April 13, 2021

Free Financial Literacy Month Resources

While it’s always a good idea to put your finances first each month, April is extra special because it’s Financial Literacy Month! Whether you’re looking for new techniques to teach your children about money or you’re eager to brush up on your own financial literacy, there’s always something new to learn. Here are a few of our favorite financial resources to help build your financial knowledge this month!

Tuesday, April 6, 2021

How to Get the Most from Your Online Banking

With the release of our new and improved Online and Mobile Banking platform last month, it’s time to get acquainted with some of the exciting features available! Whether you’re new to the platform, or have utilized online banking for years, there’s something for everyone. Take a look at some of our tips and tricks on how to get the most from your eBanking experience below:

Tuesday, March 30, 2021

What Type of Saver are You?

We all know the benefits of saving money and how having a nest egg can help us down in the road in case of emergencies. We know the age-old adage that you should generally have about 1-2 months’ worth of living expenses in your checking and another 3-6 months’ worth in your savings. For some, following these savings guidelines is as easy as butter. For others, trying to put away five dollars is a struggle. We’ve put together a list of 5 different types of savers and how to best utilize your membership to get the most from your money!

So… What Type of Saver are You?

Tuesday, March 23, 2021

Tips and Tricks to Keep Your Data Private

With many families still working and attending school online from their homes, we are using more and more data. While the flexibility of being able to do so much from home is an amazing leap in communication technology, it also increases the possibility of our personal information getting into the wrong hands. The last thing you want at the end of the day is to find out your information has been stolen.

To protect you and your family while online, the U.S. Federal Trade Commission offers these tips:

Friday, March 19, 2021

School Spotlight: Orchard Hills Students Continue to Be Money-Smart!

Orchard Hills Elementary School in Novi has been a partner with Community Financial for eighteen years! Throughout these years, students have been exposed to the importance of saving money monthly at the Student-Run Credit Union. This year, however, students at Orchard Hills have been encouraged to visit the “drive-thru” at our near-by Community Financial branch locations. Orchard Hills students remain money-smart in spite of the challenges the past year has thrown at us! Although the Student-Run Credit Union hasn’t been able to operate within Orchard Hills just yet, it’s fun for students to watch their money and prizes “ride the tube” to and from their car!

Tuesday, March 16, 2021

Save Money When Shopping Online

It’s time to replace that rush you get from filling your virtual cart with the high that comes from saving a ton of money. Online retailers are experts at getting you to go from “I-gotta-have-it” to “It’s-on-the-way-to-my-house” quicker than you can say “buyer’s remorse.” Using these handy tips, you can beat them at their own game and get the best prices for the items you really want.

Ready to start saving?

Tuesday, March 9, 2021

Beware Coronavirus Vaccine Scams

Believe it or not, there is a light at the end of the socially-distanced tunnel. After months of trials, the FDA has approved three vaccines for the coronavirus. While it may not be a quick process—due to the rules and regulations about who will be getting the vaccine first—scammers may have you thinking otherwise.

In order to stay far away from vaccine scams, keep in mind the information below and stay safe as you navigate this process.

Tuesday, March 2, 2021

Thumbs Up for Charity is Back March 8th!

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 8th annual “Thumbs Up for Charity!” program! So how can you get involved? 

Starting Monday, March 8th, 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 26, 2021. 

Tuesday, February 23, 2021

Five Steps to Take After a Financial Disaster

As we continue into 2021, many Americans are still struggling with the aftershocks of financial disaster. Whether it’s due to a layoff, a smaller workload, medical expenses or a change in family circumstances, the financial fallout of COVID-19 continues to be devastating.

Recovering from a financial disaster, due to a pandemic or any other reason, is never easy; however, with hard work and the ability to look forward, it can be done. Here’s how.

Friday, February 19, 2021

Wayne-Westland's School Partnerships with Community Financial

Community Financial’s Westland branch opened to our members in 2018. Since then, our school partnerships within the Wayne-Westland School District have grown. Student-Run Credit Unions are offered at Wildwood and Edison Elementary Schools. We have also brought financial education to the William D. Ford Career and Tech Center, as well as John Glenn High School.

Assistant Manager/Community Relations, Mary Kerwin,
braves the cold weather to provide students the opportunity
to save their money at Wildwood Elementary.
Student-Run Credit Union Comprehensive Program Offerings  

The Student-Run Credit Union program offers many different types of financial education experiences to its school partners. In addition to bringing access to saving money at schools, financial and business presentations are offered as well as “Reality Fairs” and budgeting simulations, mock interviews, and interviewing etiquette skills. Education Partnership Coordinators are hard at work each day providing these lessons and skills to students in the Wayne-Westland School District. They’ve even found imaginative ways to engage these students during an ever-challenging pandemic!

Tuesday, February 16, 2021

How to Make Meals at Home Easier (and Cheaper!)

With many Americans tightening their budgets and working to stay healthy with COVID-19, meals out and restaurant purchases have become one of the first things to go. While meals at home can save hundreds of dollars a month, the switch over can feel overbearing. Grocery shopping, meal planning, prep-time, and long cooking times often feel daunting.

To ease your mind, we’ve compiled some of our favorite tips and tricks to making meals at home even easier—and cheaper to boot!

Tuesday, February 9, 2021

All You Need to Know About Checking Accounts

The most obvious things in life are often overlooked, and your checking account is just one of them. Most people hardly give a thought to this important account and how to best manage it effectively. We’re here to change that.

Here’s all you need to know about checking accounts:

Friday, February 5, 2021

Celebrating Black History Month in 2021

Now more than ever it’s important to celebrate and educate ourselves on the amazing diversity of the world. In honor of Black History Month, Community Financial Credit Union would like to share four little-known facts about African American history, along with some great ways to commemorate black history and culture. 

Tuesday, February 2, 2021

5 Reasons We Overspend (and How to Overcome Them)

We’ve all been there. Maybe it’s that I-gotta-have-it urge that overtakes us when we see a pair of designer jeans. Maybe it’s that shrug as we reach for the $6 cup of overrated coffee that says “I deserve this.” Or maybe it’s that helpless feeling as the end of the month draws near and we realize we’ve outspent our budget — again.

What makes us overspend? Let’s take a look at five common reasons and how we can overcome them.

Tuesday, January 26, 2021

Beware Heartbreak with Romance Scams

With COVID-19 forcing more singles to connect online, America’s most expensive scam is on the rise. Romance scams are all over the internet and can be difficult to spot. Here’s what you need to know about these scams to keep yourself from heartbreak.

Tuesday, January 19, 2021

Slow Cooker Teriyaki Chicken Thighs

With holiday stress in the rearview mirror, there’s no better time to try out new recipes for the whole family to enjoy. Set-it-and-forget-it meals, like this delicious slow cooker teriyaki chicken recipe, are the best way to try new dishes without the extra hassle of spending hours in the kitchen. With only 15 minutes of prep and a low cost per serving, this recipe has it all!

 

Friday, January 15, 2021

School Spotlight: Plymouth Scholars Charter Academy Students Grow Their Savings Early!

Education Partnership Coordinator, Amy Pashukewich,
arrives ready and eager for a socially-distanced, masked deposit day! 
Students at Plymouth Scholars Charter Academy (PSCA), in Plymouth, are exposed early on to money management skills through Community Financial’s Student-Run Credit Union program.  Students in all grades at PSCA are able to make deposits to their Community Financial savings accounts once a month, and are given fun incentives to do so!  This year, Education Partnership Coordinator, Amy Pashukewich, worked with PSCA administration to devise a plan for students to continue to save their money at school, even during a pandemic! 

Tuesday, January 12, 2021

5 Ways to Destress After the Holidays for Less

For many, the holiday season brings not just cheer, but stress as well. Thankfully, we’ve got your post-holiday destress covered! Check out these 5 ways to destress for less:

Tuesday, January 5, 2021

January is National Blood Donor Month, 5 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: