Summer is here and it's time to soak up the warm weather and sunny skies! What better place to celebrate the season than your very own backyard oasis? Turn your outdoor space into an amazing getaway - the perfect spot for fun, entertaining, and relaxation.
You can get your summer sanctuary under way with a Home Improvement Loan from SUN Credit Union. The possibilities are endless when it comes to warm-weather renovations, including:
You can also use funds from your Home Improvement Loan to finally tackle some indoor projects. With long days, summer break, and extra vacation time, summer can be a great time to get caught up on your home redo to-do list.
The good news is that with the help of a Home Improvement Loan, you'll have the funds you need to make the changes you want while also increasing the value of your home. And, keep in mind, this convenient financing tool offers:
Life happens. And when it does, there's often a bigger price tag on it than you might have expected. If your emergency savings can't see you through a cash crisis, you may have the choice between using a credit card or taking out a personal loan. There are pro's and con's to both options.
When to use a credit card: If it's a short-term problem, you can use a credit card and pay off the balance fairly quickly. Using a credit card is a convenient way to deal with it. But credit cards often carry a higher rate of interest than a personal loan, and that interest can add up over time. Or if you need to borrow a large amount, it might put you right up against your credit limit, making it difficult to use the card for other things you need. Bumping up against your limit also may affect your credit score, as one of the components of your score is the amount of available credit you have. Think carefully about taking out a cash advance on your card. The interest rate can be higher than that charged on purchases and there's often a 3% to 5% fee, and a minimum charge.
When to use a personal loan: Taking out a personal loan from the credit union may save you money in the long run, especially if you need a larger amount and need longer to pay off the loan. If you own your home, and have a major expense, a home equity line of credit or home equity loan may be your best option. A personal loan can also help you get the things you need if the merchant only takes cash or checks. You will need to apply for a loan, so it may take longer to get access to cash than using a credit card.
Contact the credit union for help. That's why we're here.
Fulfilling our role as your financial partner goes hand-in-hand with protecting the health of you, our members, our staff and the communities in which we live and operate. We are taking steps to prevent the spread of infectious viruses. For these reasons, and in accord with guidelines issued by the Centers for Disease Control (CDC) we have limited lobby traffic by adjusting hours and accepting members by appointment only. We strongly encourage members to conduct financial transactions electronically as much as possible to help avoid any spread.
For members who are experiencing financial hardship, we offer products and services that can help during this difficult time!
Auto Purchase and Refinance Deferred Payment
Home Equity Line of Credit
SUN Credit Union members can request to skip loan payments to help ease some burden.
Expanded Account Access
Enjoy SUN Credit Union no fee checking accounts with free mobile services! Pay your bills, deposit checks and transfer money quickly and conveniently from your mobile device. As always, SUN Credit Union members have free access to Publix Presto Network ATM’s and for the time being we are also waiving SUN Credit Union Out-of-Network ATM fees to make access to cash even more convenient.
SUN Credit Union encourages our members to contact us for assistance with loan payments, debt consolidation loans, or balance transfers. If you are not a member, please give us a call at 954.967.4441 to speak with a Member Service Representative about joining today!
I would like to also point out that there are those that look to take advantage of you. We urge you to be cautious. The Federal Trade Commission has provided a resource: www.consumer.ftc.gov/blog/2020/02/coronavirus-scammers-follow-headlines
We will monitor developments and provide updates as they relate to SUN Credit Union on our website and social media. Please stay safe and be assured we are here for you.
Patrick J. Mason
Most people rely on credit cards for daily purchases at the grocery store, gas pump, and preferred shopping spots. Though convenient, the reality is that credit cards often come with fees. In fact, Americans collectively pay millions of dollars in credit card fees every year. If you aren’t familiar with these fees, SUN Credit Union in Hollywood, Florida, can help break them down for you. Our staff has gathered information on some of the most common fees people face and how to avoid them. We look forward to saving you money in the coming year!
It’s that time of year, again, when those of us with high school seniors have daunting decisions at hand. College acceptance letters are rolling in and, naturally as parents, our thoughts turn to finance. For those of us with seniors heading off to college next year, our planning days are near an end and implementation is at hand.
For many folks, saving money can be a daunting task, but in truth, it does not have to be complicated. Fortunately, there are many tools available to simplify this task. One of the current favorites is the 52-Week Money Challenge.
Your credit report is one of the most important documents that your credit union will be reviewing when you apply for a mortgage. Your credit history is reviewed to determine your “credit worthiness” as part of the loan approval or “underwriting” process.
When you are purchasing a new home, refinancing your existing home, or simply taking a home equity loan, one of the key questions that any lender has to ask concerns the value of your home.
If credit card payments make up a big portion of your expenses, paying off debt might be one of the first ways you can save money. High-interest credit card debt is expensive to keep around. That’s probably why more than 30% of New Year’s resolutions are related to getting out of debt and saving money, so 2019 is your year to get out of debt! Here are some tips on how you can make a successful resolution to become debt free.