Savings Account Saving money is something everyone should do, but often, it is difficult to get started. The fact is, everyone has to start somewhere, and starting is the hardest part. Having savings is something that might impact you in ways you hadn’t thought of. Savings provide you with security in case of an unexpected expense, like a medical bill or car repair. If you want more information on opening a savings account, contact the Valley Federal Credit Union by visiting us at any of our locations, or by calling our main office in Brownsville at 956-546-3108. Why open a savings account? We often underestimate the importance of saving, but there are many reasons why it’s important to keep a savings account and ensure there’s always money in it. Unanticipated spending – A car repair, medical expense or repair of your vehicle can put a serious dent in your finances. Having money saved, can help with these unexpected expenses. Security – The funds you deposit in a savings or money market account are secured by FDIC insurance. That means that even if your bank goes under, the government will replace your funds up to a certain amount. Independence from Credit – Savings accounts allow you to meet your financial goals without using credit. Savings allows you to pay for things you want, without having to borrow money. Contact Us The Valley Federal Credit Union understands that managing your finances is not always easy, which is why they offer savings accounts and financial advice. For more information, contact the Valley Federal Credit Union by calling our main office in Brownsville at 956-546-3108. Related Articles Tips for a Savings Account in a Credit UnionEarning money is hard and putting money in your savings account is even harder. The last thing on a person’s mind after seeing their paycheck is to set aside some funds for a rainy day. It’s important to make a habit out of saving responsibly. Making this a habit does take discipline, so here are...Read more ...Why You Should Open a Savings Account as a College StudentAbout 26% of adults in the United States have no savings set aside for emergencies. While the number seems low, it’s really a staggering amount of adults without extra cash in the bank to fall back on. For college students that already live on a tight budget, a savings account is a must. Maintaining an...Read more ...Open a Christmas Club Savings AccountEveryone enjoys holiday parties, gifts, and family vacations. But it is important to start saving now, so that you don’t find yourself in a rough financial situation during Christmas. Saving money throughout the year can provide relief when the time for shopping and decorating comes around. The stress of watching your checking account diminish or...Read more ...Credit Union Certificate of DepositsSeveral people, including students, are joining credit unions to experience the benefits. Credit unions are gaining popularity due to low interest rates for checking accounts, savings accounts and credit cards. They offer their members security and perks that other banks don’t offer their customers. Alternate advantages offer members control of their money through direct member...Read more ...4 Benefits of Opening a Savings AccountPeople open savings accounts for a multitude of reasons. Whether you're looking to profit from your savings or simply want to put aside money for a rainy day, starting an account with a credit union is definitely a smarter and safer option. Stop hiding your money in a piggy bank or under your mattress and...Read more ...Save for Your Child’s Future Today with a VFCU Youth AccountThe student loan debt crisis in the U.S. continues to make headlines as the $1.2 trillion amount continues to grow each second. As a parent, you may be one of the 40 million Americans still struggling to pay off that student loan, but there’s no reason your child should suffer the same fate in the...Read more ...
