Dear Members, At Element Federal Credit Union, the safety of our members, friends, and neighbors has always been – and remains – our top priority. In the midst of these unprecedented times, it is our social responsibility to take precautionary measures that will help to limit the spread of COVID-19 in our community, as well […]
How much money would you have if you would have saved every coin since you were born? If you simply saved a quarter a day for a year, you would have saved $91.25 per year. So, if you are 20, you would have a whopping $1,825 in your savings account right now … that’s if […]
Name: Samantha About me: I’m the Vice President and Chief Operating Officer of Element Federal Credit Union. Outside of work, I am very family oriented. I have a daughter, Emily, who is now eleven. She’s very creative and has many interests such as guitar, gymnastics, volleyball, and is active in school. She always keeps us […]
Name: Emily Chandler About me: I’m the lending manager at Element Federal Credit Union. I have been here for almost 13 years now. I oversee the lending department and also help with other tasks when needed. Outside of work, I just recently got engaged last year. I live with my fiance, Nathan, and our 12-year-old, […]
What does it mean to be a credit union member? Even though there are over 5,000 credit unions in the United States, many misconceptions about their structure and their services still exist. One popular-but-false assumption is that the term “credit union member” is interchangeable with the term “credit union customer.” It might seem like a […]
When’s the best time to write a business plan? Writing a business plan is an essential part of building a successful business. At its core, a business plan is a road map for your project: it establishes your purpose, it sets goals and expectations, and it forecasts the relationship between cost and revenue. Business plans […]
Budgeting with 50/30/20 Budgeting is a skill that helps you make smart decisions with your money. It ensures that you’re spending less than you earn, it prepares you for life’s curveballs, and it funds your goals and your dreams. Unfortunately, budgeting is often seen as restrictive and overwhelming. Financial priorities are deeply personal, so it […]
Buying vs. Renting a Home: Are You Getting the Right Advice? The average person moves residences about 11 times in their lifetime. That provides a lot of opportunity to confront the following question: is it better to own your home or to rent it? It’s a huge decision that affects your lifestyle as much as […]
Scholarship Application Time-Savers Successful scholarship applications take considerable time and effort. Although there’s no shortcut to a quality application, there are steps you can take to make your efforts as rewarding as possible. Tackling your scholarship search with strategy and efficiency can translate into extra applications—and therefore, extra tuition dollars. For best results, incorporate the […]
The Dos and Don’ts of Debt Repayment Consumer debt is an extremely contradictory part of our personal finances: it’s at once common and incredibly personal. According to numerous sources, the majority of US adults owe money in some way, shape or form—and yet what this consumer debt represents can vary drastically from person to person. […]