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Time to Rethink Your Savings Strategy
If you’re like many Americans, chances are you put saving on your back burner the past couple years. The personal savings rate, which measures the percentage of your disposable income that you save, has historically averaged 8.45% from 1959 until now. For obvious reasons, that rate soared to 33% during the height of the COVID-19 pandemic in 2020...
Tips For Successful ACH Transfers
Keep these things in mind to ensure transactions between your financial institutions are seamless. What do shopping online, sending money to friends through an app, and having your tax refund deposited directly into your bank account have in common? They’re all possible thanks to the Automated Clearing House (ACH)—a computer network that moves...
Driving for Uber or Lyft? Make Sure You’re Insured
- SELCO Community Credit Union /
- Education Articles /
- Driving for Uber or Lyft? Make Sure You’re Insured
Popular rideshare services like Uber and Lyft are now available in larger cities across Oregon, including Eugene. And for many people, becoming a driver is an attractive way to pick up a little extra spending money. You’ll want to make sure you’re prepared for the associated costs, and that you and your customers are protected, to make it a smoo...
‘Smishing’: What Is It, Why Is It So Common, and What Can You Do About It?
- SELCO Community Credit Union /
- Education Articles /
- ‘Smishing’: What Is It, Why Is It So Common, and What Can You Do About It?
Does it seem like you aren’t getting as many robocalls these days? OK, maybe they haven’t slowed down that much; let’s just say they’ve leveled off . But you’re likely getting bombarded with more spam texts than ever before. A lot more. After an exponential increase in 2022, spam texts continue to go out to Americans in droves—and are becoming...
Is Now the Time to Refinance?
The benefits of refinancing locally could make the difference. In mid-2022, the Federal Reserve began raising interest rates in an effort to reduce inflation. By October 2023, the average 30-year fixed mortgage rate climbed to 7.79%, the highest it had been in the 21 st century since topping out at 8.64% in 2000. Those surges put homeowners...
