Credit Corner – Book Smart, Bank Smart.

As your “child” graduates from high school or college, we probably all feel assured that they are prepared to step out into the world. Properly raised and educated, off they go.

The one area of their lives that may have been neglected is personal finance. Even though 100% of us use money, only 17% of schools require a personal finance class. Before graduation, everyone should know about the difference between a bank and a credit union, how to maintain a savings and checking account, budgeting, how and when to use credit, how to buy a car and car insurance and how to file state and federal taxes. They need to know how compounding interest on a credit card is a bad thing, while compounding interest on an investment is a good thing.

Check with your graduate and if they give you a blank look about any of the items listed above, please have them come to us and we will give FREE financial advice and we’ll explain why we are the best financial institution for them. You have our promise that we will not push a credit card or any other product that does not benefit him/her.

Our industry mantra is “People Helping People” and that’s exactly what we do! Unlike banks, we are a not-for-profit organization, so we do what’s best for our members.

Shelley Murphy
Senior Vice President of Lending & Collections
(925) 228-7550 Ext. 824