Credit Score & More!

Credit Union of Denver has another FREE benefit! Credit Score & More Your credit score is more than just a number – it’s a way for lenders to determine whether you are eligible for a loan, for apartment complexes and insurance agencies to give you rates or access based on your credit worthiness. Managing your credit is an important part of managing your financial well being. It will guide your financial picture on how much interest you pay, which affects your payments, which effects your budget, etc. It’s important Smart... Read More

Forbes: We Made the List!

America’s Best Credit Unions In Each State There are more than 5,000 credit unions with 117 million members across the U.S. Members-only credit unions typically have lower fees and offer better interest rates than traditional banks, and the nonprofit model also puts the customer first, resulting in higher levels of satisfaction. But to get to the bottom of whose customers have the highest opinion of them, Forbes partnered with market research firm Statista to produce our second annual look at the Best Credit Unions In Each State. More than 25,000... Read More

First Vehicle Purchase

Are you ready to purchase your first vehicle? The problem with vehicles is that they don’t last forever. Maybe up until now, you’ve been driving a hand me down car and it’s on the verge of dying. Unless you live in a city and plan to rely on public transportation, you’re probably going to need a new set of wheels. In order to do that, you’ll have some decisions to make. Getting a new car can be stressful, especially if you’ve never gotten a loan before. Since this is a... Read More

Another Free Member Benefit!

Credit Union of Denver has added another FREE benefit for our members! Credit Score & More This optional free benefit is available from within cudonline and our mobile banking app. Your credit score is more than just a number – it’s a way for lenders to determine whether you are eligible for a loan, for rental properties and insurance agencies to give you access or rates based on your credit worthiness. Managing your credit is an important part of your financial well-being. It will guide your financial picture on how... Read More

Reasons to Review Statements

Important Reasons to Review Your Monthly Statements   We realize that many members don’t “balance” their checkbooks any more. It seems to be a lost art since online banking has become the new way to review your account activity. However, there is still value to reviewing your monthly statement even if you do login to online banking every day. Below is a list of reasons and items to look for when reviewing your monthly statement. Reasons to review statements Review account history for fraudulent or unauthorized transactions. You only have... Read More

Auto Equity Loan

What is an Auto Equity Loan? That is a great question! The definition of Equity is the monetary value of property in excess of liens against it. An Auto Equity Loan is a great way to put the equity in your vehicle to work for you! If you have a car title that is free and clear or an auto loan that you have paid way down, you can use this equity to put cash in your pocket. Learn more about CUD’s Free Checking Account with No Opening Deposit The... Read More

Protect Yourself from Identity Theft

Simple Steps to Protect Yourself from Identity Theft Millions of Americans fall victim to identity theft each year. According to the Department of Justice, an estimated 17.6 million people, or 7% of all U.S. residents age 16 or older, were victims of one or more incidents of identity theft in 2014 (latest available). What’s more, about 7% of identity theft victims experienced out-of-pocket losses of $100 or more. What can you do to help reduce your chances of having your identity stolen? The steps below can help you prevent significant... Read More

Get Out of Debt

Avoid these “get out of debt quick” pitfalls! Everyone has their own personal finance story – a history with money that’s gotten them where they are today. And anyone who has ever managed debt in the past knows getting out of debt is incredibly rewarding. Whether your debt is from student loans, credit cards, auto loans or unfortunate legal debt, there are very few shortcuts to paying off debt.  It’s true that you don’t have to pay off debt for the entire course of a loan. You can refinance an auto loan... Read More

Have You Considered a Secured Card?

Secured MasterCard® The credit union offers a Secured Card, which is a fantastic financial tool that is often overlooked. This credit card has great benefits like no annual fee, no cash advance fees, no balance transfer fees, no over limit fees, a free Reward Program and is accepted wherever MasterCard® is welcomed. The first and probably most popular reason for obtaining a Secured Card is to establish or work on rebuilding credit. It can be difficult to be approved for a regular credit card (revolving unsecured credit) when you don’t... Read More

Bank Fees vs. Credit Union Fees

Hidden Bank Fees vs Credit Union Fees! A recent article titled Hidden Bank Fees in September’s issue of AARP Magazine listed ways to bypass unexpected bank fees. In reality, the best way to bypass these unexpected bank fees is to bank with a credit union. Credit unions are unique financial businesses because they have little to no fees based on their “cooperative” structure. Paper Statement fees Some banks are now charging to mail out a monthly statement. This fee can typically range from $1 to $5. Credit Union of Denver... Read More