Spring 2026 Newsletter

Posted in KTFCU News, Newsletter on May 29, 2026

Spring 2026 Newsletter.pdf

How Do I Create And Sustain Wealth? (Part1)

Posted in Board Brief, KTFCU News on May 20, 2026

A 2024 Pew Research Center survey found that 59% of Americans felt very or extremely confident they can budget. A 2023 NerdWallet survey found that 74% of Americans had a monthly budget. A 2024 Debt.com survey found that around 90% of Americans report they budget their money.

Since so many Americans say they are budgeting, WHY ARE SO MANY PEOPLE STRUGGLING FINANCIALLY? What gives? The quick answer is reality overcomes good intentions. That same 2023 NerdWallet survey found that 83% of people who have monthly budgets said they exceed it. Many said they use credit cards to cover the overspendin...

Our CD Rates are still Great

Posted in KTFCU News on Apr 30, 2026

Our Certificate of Deposit rates are very competitive. Have your money earn interest for YOU.

3.00% apy. $ 5,000 & up 12 month term

3.25% apy. $10,000 & up 12 month term

Just give us a call at 716-877-1630 and we'll have your money earning dividends.
Rates shown for May 1, 2026. Subject to change without notice. Other restrictions may apply.

Buy Now, Pay Later BNPL No-Interest Services (Part 3 of 3)

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

The last two Board Briefs on this subject we layed out what Buy Now, Pay Later (BNPL) services are (a financing product) and when you might consider using a BNPL financing option (only on rare occasions).

So, what are the circumstances where I should NOT consider a BNPL financing option?

There are many examples.

• Any item that has a short lifespan (less than the financing term of the BNPL option).
• Anything perishable, like groceries, clothing, entertainment, travel, etc.
• Anything that is a nice to have, but is not a need, like furniture, a stereo system or a TV, especially when you alrea...

Buy Now, Pay Later BNPL No-Interest Services (Part 2)

Posted in Board Brief, KTFCU News on Mar 18, 2026

As discussed in the last Board Brief, more retailers are offering Buy Now, Pay Later (BNPL) no-interest options. These products are a form of financing. They are like limited time, zero interest credit cards. The terms may differ, but these are financial products, and they are offered because they increase retail sales and they make someone money, sometimes a lot of money, that can be at the consumer’s expense. So, BEWARE!

When should I consider taking a BNPL offer? The simple answer is you shouldn’t. But there are some limited situations when considering a BNPL financing option is worth cons...