Making Your Online Experience Helpful and Useful: SPENDING (part 2 of 4)

Posted in Board Brief, KTFCU News on Oct 21, 2026

Sometimes, we can take for granted that our members know how to find information on our website. This month, we take the time to update you on where to find important information related to Spending.

Spending is the second leg of everyone’s financial reality. We consume our time living, working and enjoying the fruits of our labor. Spending is an everyday activity.

By clicking “Spending” on the header, you go directly to all the things related to Spending money. This includes dedicated pages on:

• Share Draft (Checking) Accounts
• Bill Pay
• Courtesy Pay Overdraft Protection
• Our VISA Debit Card
• No...

Making Your Online Experience Helpful and Useful: SAVING (part 1 of 4)

Posted in Board Brief, KTFCU News on Sep 16, 2026

Sometimes, we can take for granted that our members know how to find information on our website. In this series, we take the time to update you on where to find important information.

We start with Saving, because it is the key to financial health.

By clicking “Saving” on the header, you go directly to all the things related to Saving money. This includes dedicated pages on:

• Share Savings Accounts
• Home Banking
• Remote Deposit Capture
• Direct Deposits & Electronic Funds Transfers (ETFs)
• Home Banking Mobile App
• Katie, Our Voice Response System

Each page is similarly co...

What is Artificial Intelligence? (AI)

Posted in Board Brief, KTFCU News on Aug 19, 2026

Artificial Intelligence (or AI) refers to the simulation of human intelligence processes by machines, computational frameworks and computer systems. These technologies are designed to perform complex tasks that typically require human cognition.Artificial Intelligence (or AI) refers to the simulation of human intelligence processes by machines, computational frameworks and computer systems. These technologies are designed to perform complex tasks that typically require human cognition.

Because AI is essentially software, the original name given for AI was Large Language Model (LLM). The name s...

What If My Budget Is Off? (Part 3 of 3)

Posted in Board Brief, KTFCU News on Jul 15, 2026

WHAT TO DO?
Your budget is a plan to follow. Your budget can be off in either direction. If you are doing better, it is probably due to being disciplined (repaying debt, etc.) or you’ve increased your income. If so, you can reallocate your resources within the 70-20-10 model.

You could modify your allocations using what financial planners call the 50-30-20 budget. Here’s how that works.

• 50% for Needs – Housing, food, transportation, insurance premiums and minimum payments
• 30% for Wants – Entertainment, travel and subscriptions (streaming services, Internet, etc.)
• 20% for Savings – Emerge...

How To Create a Budget And Stick To It? (Part 2)

Posted in Board Brief, KTFCU News on Jun 17, 2026

A 2020 survey suggested 7% of Americans were wealthy enough to not need a budget. That implies that the rest of us (93%) do. Last Board Brief, surveys suggest about 85% of Americans either don’t budget or cannot maintain their budget.

WHY?
For the most part, people don’t feel the need to budget when they should, people have set unrealistic budget expectations, or they have had an unexpected event that caused them to exceed their budget.

WHAT TO DO?
There are several metrics for developing a budget. If you are starting out or if you have landed in a bad spot, financially speaking, a place to s...