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Deck the Halls Without Much Money
Deck the Halls Without Much Money Even in tough times, solid consumer spending reached nearly $6 billion during the 2012 holiday season, according to the National Retail Federation (NRF), Washington, D.C. Some people may feel guilty about not spending as much time with their loved ones or friends and will compensate with a special gift. Others may feel they need to ‘keep up with the Joneses' to match what friends, families, neighbors, and even co-workers are doing. And some simply get swept away in the glitter of the season--overspending before they realize what they're doing. For all of these reasons, setting a budget and making a list--and matching the two--can be really effective at reining in the ‘over' part of holiday overspending. Smart spending Changing the gift-giving dynamic within your own family is one route to holiday savings, but what about the other people on your list? Brad Stroh,...
Shop at Home for the Holidays
Shop at Home for the Holidays Does the thought of making your way through crowded malls and shopping at 20 different stores only to wait in long check-out lines have you feeling like the Grinch? Shopping online during the holiday season can save time and minimize stress, but know a few simple rules before you dive into the world of online purchasing. 1. Only buy from familiar companies. Confirm the seller's contact information in case you have questions or problems in the future. Know exactly what you're buying. Carefully read the product description. Remember--if it seems too good to be true, it probably is. 2. Protect your privacy. Read and understand the company's online privacy policy and keep any personal information, passwords, or PINs (personal identification numbers) private. Look for these signals indicating that you have entered a secure Web page: * A screen notice that says you're visiting...
STOP THE BREACHES; Merchants Need Accountability

STOP THE BREACHES; Merchants Need Accountability

By: Patrick Conway, President & CEO, Pennsylvania Credit Union Association If you shopped at Target, Home Depot, and Neiman Marcus, or if you had dinner or dessert at Jimmy John’s, P.F. Changs or Dairy Queen, you were also likely a victim of a data breach in 2014. The Identity Theft Resource Center estimates over 500 data security breaches have occurred this year, exposing more than 75 million data records. While these merchants faced a public relations crisis, credit unions and other card issuers experienced a financial crisis. Credit unions not only must cover the fraudulent charges, but also shoulder the costs of blocking transactions, reissuing cards, increasing staff to handle inquiries, and monitoring consumer accounts. Credit unions had to replace millions of cards at a cost of upwards of $2.50 each, along with the millions of dollars in fraudulent charges. The...
Happy Thanksgiving! All branches are closed, Thursday, Nov. 27th to observe the holiday. All branches will reopen on Friday for normal branch hours.