January is Scam Alert Month (Part 2)

Posted in Board Brief on Jan 25, 2023

So, what’s going on with these unwanted text messages?

You may be noticing more and more uninitiated, unwanted text messages. They are dangerous. Beware!

Some text messages come from companies when you've arranged upcoming appointments. Other communications may be alerts you’ve set up with other vendors like credit card companies. These kinds of text notices have something in common; you are expecting them based on the setting or arrangements you’ve made. Directly or indirectly, you requested these types of text communications.

On the other hand, you may be getting unsolicited text messages wh...

January is Scam Alert Month (Part 1)

Posted in Board Brief on Jan 18, 2023

Have you heard of Check Washing?

Unfortunately, it’s the latest scam. Check Washing is where a physical check is obtained illegally by bad actors. They use a solvent to erase the ink on the “Pay To” and “$ Amount” fields, insert a new Pay To and a much larger $ amount. They cash or deposit the check into an account controlled by them.

How can you protect yourself against Check Washing?

We recommend a couple solutions; actively manage your Share Draft balances and consider using Bill Pay.

Actively managing your Share Draft account balances means you keep a smaller balance in your Share Draft a...

unLOCk (Part 3)

Posted in Board Brief on Dec 21, 2022

Inflation, Your Money and the Holidays

Finding yourself in one of these circumstance? Which best describes your situation?

1. You’re all set. You’ve completed your list and there’s nothing to do but open the presents. But, you’ve gone over your budget, maybe by a lot.
2. You’ve got more to buy, but you’re up against your shopping budget.
3. You’re over budget. You’re wondering how you got there and maybe you have more on your list to buy.

Our Advice-Wrap up all your debt into one, low, fixed-rate payment with unLOCk.

To learn more about our unLOCk loan, CLICK HERE: https://www.kenteachfcu.com/unl...

unLOCk (Part 2)

Posted in Board Brief on Nov 21, 2022

Inflation,Your Money and the Holidays

Less in Your Cart and Wallet We don’t need to tell you! If your staples (like rent or mortgage, food and transportation expenses) are increasing more than your take-home pay, it cuts into your disposable income (the money you have left).

How to Cope Budgeting how you spend is key to managing your money. It allows you to look more closely at where the money goes and where you can adjust by reducing or cutting expenses. One obvious place to look is debt consolidation. Debt consolidation is where we can help you.

Our new product, unLOCk, can be your Key

How ...

unLOCk (Part 1)

Posted in Board Brief on Oct 19, 2022

Inflation, Your Money & the Holidays

Through the end of the year, the Board Brief will look at decisions our members face due to the impact of inflation.

For the longest time, Fed interest rates have been very low with only nominal inflation (2% or less).

Since the pandemic, it is running more than 7%; more in certain goods (like homes, gas and the like).

The Federal Government defines inflation as the change in the costs (over time) of a fixed basket of goods (food, rent, transportation, etc.) bought in an urban setting. The timeframe is usually a comparison of one month to the prior year’s m...