Tag Archives: Money Management

Money Management – Budget For a Brighter Future

Money Management is a tool in online banking that lets you view and track all transactions from USACU and external accounts — for FREE. You will be able to receive valuable insights and reports about your finances, ensuring you’re in control of your financial life.

ACCOUNTS — Gives you an overview of all your accounts. Not only will you be able to view your USACU accounts, you can also link and view accounts from external financial institutions. Data will automatically update every time you visit the Money Management feature in online or mobile banking.

TRANSACTIONS — Money Management gives you a quick overview of recent spending on all your accounts, and the ability to search or filter for specific transaction. Transactions will be automatically categorized for you.

SPENDING — The spending wheel helps you identify the biggest expenses but also dives into the smallest details, so you can spend smarter.

BUDGETS — Track your budget with color bubbles to help you understand the relative health of your budgets instantly. You can use sub-budgets to track specific spending and see the money you have leftover to put towards goals.

TRENDS — Track spending in each category over time and get you insights of your spending habits.

DEBTS — Prioritize your debts and pay it down faster so you can save the money you would otherwise spend on interest.

Know your accounts. See all your accounts, including those outside of USAgencies’.
Money management - accounts overview

Track your budget. Color bubbles help you understand the relative health of your budgets instantly.
Money management - Budget chart

Watch your spending. Every transaction is automatically categorized so you can spend smarter.
Money Management spending chart


Climb to new heights with USAgencies’ free financial management tool, Money Management. Visualize and interact with your money in the most epic ways. Log in to online banking get started with Money Management today! 

Questions? Connect with us at 503-275-0300 Option 4. You deserve a better banking experience. Get it here.

Spring Clean Your Finances

In collaboration with our friends at Consumer Financial Protection Bureau.

There is something about Spring that makes us feel like we have a fresh start. From the sunnier skies to the blooming flowers – this time of year always gives us a little extra boost to tidy up around or homes and yards. It is also important to take the time to do the same with our finances! Here are a few ways to get started on Spring Cleaning your finances.

1. Request a free credit report

You can request a free credit report  every 12 months from each of the three major consumer reporting companies (Equifax, Experian and TransUnion). Once you have your credit report, you can check for and correct any errors. This is especially important if you’re thinking of making any big purchases, like buying a new home. Our checklist will help you know what to look for in your credit report. Try setting a calendar reminder so you remember to check your credit reports on a regular basis. You can request all three reports at once or you can order one report at a time. By requesting the reports separately (for example, one every four months) you can monitor your credit report throughout the year.

Just like with the big three consumer reporting companies, you can also get free copies of your nationwide specialty consumer reports every 12 months from many of the specialty consumer reporting companies. Specialty consumer reporting companies collect and share information about employment history, medical records and payments, check writing, or insurance claims.

2. Address debt

If you’re facing a large debt or your payments are overdue, your first instinct may be to ignore the debt or hope it goes away. But, that will things worse and lead to more stress down the line. There are strategies that can help you make payments that work for your current financial situation.

First, review your bills and make sure you understand what you owe. Using automatic Bill Pay with your credit union, or utilizing a bill tracker can help you stay on top of your payment due dates.

Second, contact your lenders to see if alternative payment options are available. You may be able to change your due date so that a payment is due closer to when you receive your income.

3. Review your spending

Have you ever looked at your credit card bill and wondered where all those charges came from? Or, have you found yourself swiping your credit card for a purchase before you’ve had a chance to think about it?

Gain control over your credit card spending by taking a close look at your credit card purchases over the past couple months. If you’re looking to cut back, try breaking down necessary expenses vs. wants. Once you see how you’re spending, try creating a “rule to live by” to make sure you stay on track. These kinds of simple personal guidelines, such as using cash for smaller purchases, make it easier to stick to your goals over time.

You can also utilize money management tools to help keep all your finances in focus. By knowing all your accounts and tracking your budget all in one place, it can help reduce stress and give you peace of mind.

4. Save automatically

After checking your budget, you may see some more opportunities to boost your savings. For example:

  • If you have a credit union membership and direct deposit, you can arrange to automatically deposit some of your paycheck to a savings account every time you’re paid, instead of all of it going into a checking account.
  • You can check with your employer to see if it’s possible to split your paycheck into two accounts. You may also be able to transfer some of the money in your checking account into a savings account at another institution to keep it out of sight out of mind.

Did you know that nearly 46 percent of consumers indicated that they could not pay for an emergency expense of $400? When you save for unexpected expenses, you can handle them when they happen without having to skip other bills or borrow money. Start with $500 as your goal. This is enough to cover a lot of common emergencies, like car repairs, a plane ticket to care for a sick family member, or smaller medical costs.


Questions? Connect with our Member Relationship Specialists today at 503-275-0300 Option 3, send a secure message or chat with us when you log into your Online Banking! You can also stop by our branch located at 95 SW Taylor St., Portland, OR 97204 – we are here to help!

Debt Consolidation Loans

What is a Debt Consolidation Loan?

In general, a debt consolidation loan can be defined as a loan that combines multiple debt obligations into one single loan. These loans tend to have lower interest rates than many existing debts. They also allow the borrowers to make only one payment per month instead of many.

Advantages

  • Pays off high-interest credit cards or other debts with low-interest loans
  • One easy monthly payment to make
  • A closed-end loan will result in a set payment schedule
  • May result in lower overall monthly payments
  • Establishes good credit history, if paid back as agreed

Things to be Prepared For

  • Some type of collateral may be required before approval
  • A co-signer on the loan may be required before approval
  • Credit score will be a significant factor

As you can see, there are some important factors to consider. If you are struggling with high credit card debt, you first must strive to change your spending habits and learn to live within your means. Setting a budget is the first step, and with Money Management you can know your accounts, track your budget, and watch your spending all  in one place.

It doesn’t make a lot of sense to consider a debt consolidation loan if you will be continuing to incur monthly balances on your credit cards. In the long run, you will end up having a higher overall debt balance if your spending behavior does not change.


Is it time to tackle your post-holiday debt and give your budget a breath of fresh air? Our Debt Consolidation loan offers you that chance. Connect with our Loan Specialist today at 503-275-0300 Option 2 to apply today. 

Letter from the CEO: We’re all ears!

All good things must come to an end…and be replaced with something way better!

You may have noticed a few changes around here lately. Not only did we redesign our website with a fresh new look, but we also upgraded our Online and Mobile Banking solutions. We are very excited to bring you these enhancements to give you easier access to your accounts, and smarter technologies that will give you an even better banking experience!

Some of these new features include the ability to customize your accounts in Online Banking by hiding and sorting your accounts any way you like – creating an online banking experience of your own. We also introduced our new Money Management tool that will help you track your budget and spending, as well as giving you valuable insights about your finances – ensuring you are in control of your financial life.

This time last year, we received valuable input from our members who expressed interest in having access to Financial Advisory Services here at USAgencies Credit Union. Which is why we are excited to announce we have partnered with Michael Volk of KMS Financial Services, Inc. to offer investment services and financial planning to our members. Michael shares our member centric values and has been working with credit unions since 2003. This fall Michael will have a presence in our branch and will be available to members.

Your input has provided us valuable information and direction on how we can serve you better. Meanwhile, USAgencies Credit Union will continue to strive towards our mission – To provide solutions to improve each member’s financial life, in the years ahead.

Jim Lumpkin, President/CEO, USACU
Jim Lumpkin
President/CEO
USAgencies Credit Union

 

 

 

We’ve Got a New Look

We are so excited to finally bring you a better banking experience with our new Website, Online and Mobile Banking. However, we understand that this change will take some time to get used to and we are here to help you through the transition. To help you get everything out of your new banking experience, here are some tips on how to navigate the new changes, and what has changed.

First-time log in as a Bill Pay User

If you have used Bill Pay since January 1, 2017 you have been pre-enrolled in our new Online Banking system. Simply login to your account with these steps:

  • Visit Our Website and click the “Login” button in the upper right corner of the page
  • Your username is your Member Number
  • Your temporary password is the last 4 digits of the primary account holders social security number + birth year (e.g., If your social security number is 0000-00-4321 and you were born in 1936, your temporary password is 43211936)
  • Upon initial login with your temporary information, you will be prompted to select a new Username and Password
  • Complete the following instructions to confirm your additional and contact information

Registers for the first time not as a Bill Pay User

If you are not a Bill Pay User, to login for the first time you will need to follow these steps:

  • Visit Our Website and click the “Login” button in the upper right corner of the page, followed by selecting “New User” in the login window.
  • Complete the required requested information
  • Once complete you will be prompted to read and agree to the Online Banking User Agreement. If you Agree, hit the “Finish” button.
  • Upon successful registration, follow the instructions to verify your contact information via the available channels.
  • Once verified you will need to login for the first time and set up your One Time Passcode ( OTP ) delivery options. ( Note: you are required to set up at one phone number or email address to continue).
  • Once you receive the OTP, enter it into the provided box ( Note: forgotten passwords can only be retrieved via text message or phone ; email is NOT an option).
  • Next, select whether you want to register your device as private ( skip the OTP from now on using this device ) or public ( will require an OTP upon every login)
  • You are in!

What’s New?

  • Fingerprint and Face ID – Quick access to your account information on your mobile device.
  • Text Message Banking (454545) – Get the latest account balance and history information, transfer funds, receive weekly balance via text messages.
  • Customization – Hide, show, and sort accounts any way you want in Online Banking, you can control how you want to view your accounts.
  • Live Chat – Securely chat with us within your online accounts during business hours. Available in Mobile Banking too!
  • Mobile Web Banking – Full access to your account information, right from the palm of your hand! Securely view your account balances and transaction history, transfer funds, pay bills, receive notifications, live chat, and more.
  • Money Management – Budgeting can be stressful, our new money management tool will make your life easier.
  • PopMoney is now available without having to sign up for bill pay. Splitting bills has never been easier!

What is the same?

  • Bill Pay – Your payees, payment history, scheduled and recurring payments are all ready for you in the new system!
  • eStatements – If you are signed up for eStatements, you can easily view them by logging into your Online Banking and hovering over “Account Information” and selecting “Online Statements” from the drop down menu.

Questions?

We are here to help you through this exciting transition, as we know sometimes change isn’t easy. Please do not hesitate to call us, visit our branch, or send us a secure message.