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    The Great Debate: Banks vs. Credit Unions

    Last updated 1 year ago

    Perhaps you are interested in acquiring a home mortgage loan, but you aren’t certain whether you should borrow from a bank or credit union. While both provide similar financial services, you should be aware of the key differences between them, as one option may benefit you more than the other.

    Banks and credit unions are both financial institutions; the former is a for-profit institution while the latter is a non-profit organization or cooperative. As this video illustrates, each institution regards its customers in very different ways.

    If you want to be more than a number in a folder, then experience the difference of being a Jeanne D’Arc Credit Union member. For 100 years, Jeanne D’Arc Credit Union has been putting credit union members first and helping them achieve their financial dreams. Visit our website or give us a call at (978) 452-5001 for more information.

    Simple Strategies to Help Save On Everyday Activities and Pay Down Your Debt

    Last updated 1 year ago

    Life brings many unexpected expenses, many of which are paid with a credit card. Paying the minimum balance on your credit card bill may seem practical, but the longer you live with your debt, the more interest you will end up with. Make a debt-free life your top financial priority and pay down your debt with these helpful spending strategies:

    Use Less Gasoline

    If you use your car to get everywhere, you probably spend a lot of money on gas. One great way to save money is to choose more economically efficient ways to get around. Use public transportation or organize a carpool to get to your job every day. You might also walk or bike to destinations that are a reasonable distance away and experience savings while getting some fresh air.

    Shop with Your Head

    Food is an essential purchase. However, there are many ways you can save at the grocery store. For instance, buying in bulk and choosing generic brands is a great way to get the products you need for less money. Also, never underestimate the savings that come with coupons or items on sale. Finally, never go shopping when you’re hungry—you are less likely to make smart purchases when your stomach is telling you to buy everything.

    Rethink Your Entertainment

    If you regularly pay full price for event tickets, you should check museums, skating rinks, local parks, and movie theaters to see if they have free or reduced-price events. You might also think about hosting a movie or board game night at your home. Also, rather than paying for coffee-to-go at a café, take the time to make your own at home before you leave. You can save money, pay down your debt, and enjoy fun entertainment options if you make thoughtful financial choices.

    Jeanne D’Arc Credit Union is committed to helping you find financial stability. We can help you transfer your balance to a credit card with a lower rate, as well as travel and CashBack rewards. For more information, visit our website or call us at (978) 452-5001.

    Find Even More Useful Information Regarding Credit Unions and Your Financial Health

    Last updated 1 year ago

    Millions of Americans are discovering the benefits of working with smaller, community-centered credit unions versus large, impersonal banking institutions. If you’d like to learn more about making the switch to a credit union and its positive impact on your finances, take a look at the links provided. Call Jeanne D’Arc Credit Union today at (978) 452-5001 to speak to one of our professionals about the advantages of banking with us.
     

    • Before making the switch from your old bank to a new credit union, be sure to follow some of the steps laid out in this ABC News article.
    • Do you need help planning for your kids’ future? Take a look at this page from Bankrate.com.
    • You can read more about the benefits of giving a bond by heading over to the U.S. Securities and Exchange Commission’s webpage.
    • Help your college student avoid credit card troubles by sharing this important FoxBusiness.com article with him or her.
    • There’s no better place to read about the benefits of switching to a credit union credit card than this online article from Forbes.com.

    Credit Card Tips for Students

    Last updated 1 year ago

    Credit card companies love to target college campuses as part of their major marketing strategy. As students become more financially secure, it’s important that they understand the responsibilities that come with using credit to make purchases.

    As you will learn in this video, the penalties that students face for not paying credit bills on time are high interest, poor credit, and huge debts. College students should consistently pay their bills on time and avoid relying too much on credit.

    If you’re a student who’s interested in learning more about healthy credit card spending, speak with a representative at Jeanne D’Arc Credit Union. To schedule a personal meeting or to discuss any of our other services, call us today at (978) 452-5001.

    How a Credit Union Can Help You During the Holidays

    Last updated 1 year ago

    Instead of picking out new sweaters or more unnecessary electronics for your loved ones this holiday season, why not consider giving a gift that will keep on giving? With help from Jeanne D’Arc Credit Union in Lowell , you can find a variety of great gifts that will bring your friends and family members financial opportunity and a feeling of deep appreciation. Take a look at these ideas to find out how a credit union can help you during the holidays:

    Savings Bonds Make Perfect Stocking Stuffers

    Buying an electronic savings bond is simple with help from Jeanne D’Arc Credit Union. We can help you print out an official gift certificate as proof of your generous gift. Bonds are safe investments that family and friends can enjoy far into the future.

    Receive a Helping Hand with Your Holiday Expenses

    The holidays can be one of the most financially straining times of the year. If you and your family have major purchases to make, you should consider securing a personal loan with a Lowell credit union representative. With low interest rates and favorable terms, a personal loan can be the perfect financial stimulus you need this holiday season.

    Ensure a Bright Future for Your Kids with a Savings Account

    It’s never too early to start putting money aside for your kids’ future. By opening a savings account for your kids at your local Lowell credit union, you can help make their future dreams a reality. Although a savings account may be a harder sell than a new toy, your kids will thank you in the future.

    Jeanne D'Arc Credit Union offers clients a number of services to make the holiday season a little brighter. You can visit any one of our Lowell-area branches to discuss your options with one of our caring and knowledgeable staff members. To find your closest branch, call us today at (978) 452-5001.

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