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

Holiday Shopping Strategies – a MUST Read!

Your Holiday Shopping Credit/Debit Card Plan of Attack Are you planning your strategy for Black Friday yet? What about Cyber Monday? It is smart to plan for these shopping events by making a list of gifts to buy, looking through the sale ads to see who is going to have the best price and checking to see which stores are opening the earliest. Something else to consider would be to make sure your checking account, debit and/or credit cards are just as ready as you are! Have your cards been... 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

Credit – what is it?

Have you ever wondered how your credit is determined and why it is so important? We’ve made it easy. Check this out… Credit Union of Denver’s video is a labor of love by our employees. We put this together to help educate about what credit is, how the score is influenced and why you should be concerned with knowing this information. Check it out and share with your friends and family. When you are ready, feel free to give us a call and set up a consultation to check out your own credit... Read More

old Non-EMV cards are no longer able to be used

Old Debit Cards (non EMV) have been turned off Credit Union of Denver (along with the majority of financial institutions in the USA), have replaced old magnetic strip only cards with the new, more secure, EMV Chipped Cards. All EMV debit cards were delivered to members last year, therefore, after an extended period of time to allow members to activate their new cards and after repeated announcements about this action, on May 1st we closed down all existing non-EMV debit cards. If your debit card is not working and you need assistance, please follow these... Read More

Scams – don’t be a victim

Sharing helpful information about scams, of any sort, is our way of lending a helping hand to keep you safe. Never give your social security number, account number, card numbers, etc. to anyone unless you have initiated the call. Here is a message we would like to share from our Network Information Security Officer – Benjamin. There has been an increase in the amount of Phishing and Malicious Email attempts using crafty emails that appear real. Keep in mind that if you do not normally receive email from a company... Read More