Five Star Rating For Our Financial Strength And Superior Service
TFCU Banner

Thoughts from TFCU

TFCU

Cruising Out: What You Need to Know About Buying and Financing a Boat

By Claire Nunez

Living on an island is great— especially in the summer.  There is so much to see and do:  bike rides through one of the many state parks, farm stands out on the East End, and of course, the beach. The sun, sand and water all get very crowded once school lets out.  Maybe skip out on the crowds and the heat with a boat— a bo...

Read More >

Saving Money in 2017

By Katrina Ippoliti

Anytime is the best time to start saving.

When it comes to saving, planning ahead is always key - regardless of if it's for the home of your dreams, that family vacation you’ve been talking about for years, your child’s college fund, or your retirement fund. Setting goals, either for the short-term or long-term, will he...

Read More >

A Quick Look at Mortgages

by Sarah Sarwari

Thirty-year fixed rate mortgages are the most popular option for homebuyers, especially first-time buyers. By choosing this option, homeowners pay lower monthly payments and are less likely to fall back on payments. Fixed mortgage rates provide stability to the homebuyer, so they know exactly what their monthly payment will be and are able to plan ...

Read More >

An Introduction to Credit Scores

By Sarah Sarwari

Your credit score determines whether you will get approved or denied for credit, whether it be for a mortgage or a car loan. The concept of credit helps lenders determine how likely you are to repay them on time. Factors that may affect your credit score include your total debt, types of accounts, number of late payments, and the age of your accoun...

Read More >

TFCU

An Introduction to CDs

by Sarah Sarwari

Certificates of deposits, or CDs for short, are low-risk investments that allow you to receive relatively high returns on your money. With a CD, you agree to keep your money at a bank or credit union for a fixed period of time. The standard length for a CD is three to five years, but can be as short as a few days to as long as ten years. The longer...

Read More >

TFCU

Auto Financing 101: What You Need to Know

By Sarah Sarwari

The financial choices you make on your auto loan can lead to several benefits, including paying significantly less on your car, and having the flexibility to change vehicles as time progresses. Your credit score is a huge factor that determines whether you will be approved for a loan and what interest rate you will pay -- the better the credit scor...

Read More >

It's Never Too Late to Save For Your Retirement

By Sarah Sarwari

Preparing for retirement takes a lot of time and planning, and it’s never too early to start saving. According to the United States Department of Labor, less than half of Americans have calculated how much they need for retirement. It was also found by the Department of Labor that in 2014, 30% of private industry workers did not participate i...

Read More >

TFCU

The Scoop on Student Loans

By Sarah Sarwari

If you or your child is currently attending college, then chances are you have received a student loan in some shape or form. According to US News and World Report, 70% of students graduated with outstanding student loans, and the average 2016 graduate has $37,172 in student debt. Just like any loan, you must eventually repay your student loan debt...

Read More >

Tackling Your Post-Graduation Finances

By Sarah Sarwari

You’ve just graduated, now what? Many college graduates face financial challenges, such as repaying student loans. There are several steps you can take to prevent any financial challenges you may face and help you take control of your money. Learning how to effectively manage your money can benefit you in a number of different ways in the fut...

Read More >

TFCU

Subprime Auto Lending - What Is It, and How to Avoid It

By Sarah Sarwari

The number of subprime auto loans being issued, typically defined as loans being made to borrowers with a credit score less than 619, has increased drastically over recent years. So many are being issued that they have reached a 10-year high. The auto market is heating up again, with the number of automobile purchases at its highest point since 200...

Read More >

TFCU

Some Helpful First-Time Home Buying Tips

By Sarah Sarwari

Buying a home can be complicated, especially if it’s your first time. It is important to get your finances organized before you make your big purchase. First, be sure to check your credit score. You may end up with a higher interest rate, or even be denied a loan, if your credit score doesn't meet lender's criteria. You can build your...

Read More >

Millennials and Saving - What You Need to Know

By Sarah Sarwari

Although saving money is important at any age, it is particularly crucial during your 20s and 30s. The choices you make in your early years will have great impact on your financial future. Follow these tips on spending, investing, and saving to get on the path to financial success.

Start off your savings by putting one-third of your incom...

Read More >

What the Decision to Raise Rates May Mean For You

By Katrina Ippoliti

Recently, the Federal Reserve has raised it’s benchmark rate for only the second time in more than a decade, according to reports by The Washington Post. Such a rate increase has not occurred since the financial crisis in 2008, when there was a major worldwide economic downturn. Given today’s upward trending economic climate, the Fed...

Read More >

Featured Rates

ProductAPR*
Unsecured Personal Loan10.45%
Teachers Advantage LOC8.25%
Visa "No Frills" Card9.36%
Visa Classic12.36%
HELOC2.74%
See All

*APR = Annual Percentage Rate. All rates are subject to change without notice.

Additional Resources

Share Branch NCUA Equal Housing Lender