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

Tips For A Fall Wardrobe On A Budget

We want our members to be successful in finding financial solutions that fit their personal journey. We hope this information helps you stay in reach of your goals! With Fall right around the corner, you might be in the need for some warmer autumn clothing for yourself. And of course, if the leaves are starting to change colors, it can only mean that winter isn’t far behind. That brings with it a whole slew of wardrobe necessities and accessories you’ll need to purchase, for yourself and perhaps the rest of... Read More

Tips for First-Time Home Buyers

Buying a home can be nerve-racking, especially if you’re a first-time home buyer. These tips will help you navigate the process, save money and avoid common mistakes. Learn strategies for saving a down payment, applying for a mortgage, house shopping and more. Mortgage down payment tips  1. Start saving for a down payment early It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying... Read More

Most Common Checking Account Questions

What Is a Checking Account? I don’t write checks, so do I need a checking account? A checking account is offered by financial institutions and is used by consumers to pay bills and expenses through debit cards, at merchants and online stores, peer to peer, and paper checks. Since there is generally no limit to the number of times you can access the money in the account, many people use them for daily expenses such as buying coffee, paying for parking or purchasing gasoline or groceries. Maybe they should call... Read More

Keeper Password Protector

Keeper Security is the top-rated password manager for individuals, families, and businesses, helping millions of people around the world create strong, unique passwords and store them in their own secure web vault. They are also the password protector we use at Credit Union of Denver. We want our members to be safe online, so we are sharing Keeper’s credit union discount with you. Keeper wants to offer you an exclusive 20% discount on your individual or family plan! Just use promo code: CUDENVER here. Why should you consider Keeper? You trust... Read More

Benefits of Living Frugally

The word ‘frugal’ seems to have a negative connotation. People think that if you are frugal, you are somehow missing out on life. However, living frugal is not as extreme as it sounds. It may even amaze you how you can change your life. Here are some of the benefits of frugality: 1. Saves Money Adjusting your spending habits will allow you to save more money over time. After cutting your expenses, it may amaze you how much money you can save (even in a short amount of time). This... Read More

Staycation Ideas

Have a Spa Day Two words: Spa day. Although a spa vacation may sound exciting, a great alternative to treat yourself can be making your own custom relaxing spa experience at home. To get some serious bang for your buck, grab a few face masks, some mani-pedi supplies, and have a DIY spa day. Have a Cooking Night If you’re one of those travelers who eats your way around new locales, transform your kitchen into a dining destination. Try out some new recipes and have fun creating an exotic dinner... Read More

8 Steps to manage your finances – Use your time wisely

60-Day Action Plan: 8 Steps on How You Can Manage Your Finances Wisely A lot of us find ourselves with a little more time on our hands. Taking advantage of this time can be adventitious for your personal financial life. Here are a few things you can do to work through the current crisis and set yourself up for better financial success in the future. 1. Get in the driver’s seat: You are in control of your financial future – nobody can or will do it for you. Although this... Read More

IRA Catch-up Contributions for 2020

Individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions. Annual catch-up contributions up to $6,500 in 2020 ($6,000 in 2015 – 2019) may be permitted by these plans: 401(k) (other than a SIMPLE 401(k)) 403(b) SARSEP governmental 457(b) Elective deferrals are not treated as catch-up contributions until they exceed the limit of $19,500 in 2020 ($19,000 in 2019) or the ADP test limit of section 401(k)(3) or the plan limit (if any). A participant can make catch-up contributions for a year up to the lesser of the following amounts: The... Read More

Cyber Tech Security – 4 Simple Steps for Safety

Four Simple Steps to Staying Secure Making the most of technology safely and securely can seem overwhelming and confusing. However, regardless of what technology you are using or how you are using it, here are four simple steps that will help you stay secure. Unfortunately, technology itself cannot protect you from hackers. Many hackers are now attempting to target you rather than your computer or electronic device. They try to achieve this through deception and trickery. For example, they might call you pretending to be Microsoft tech support, claiming that... Read More