Skip to content
Fast Pay
FastPay Locations
Locations Rates
Rates Contact
Contact

Ashley

Estimating Your Closing Costs

Closing costs typically are about 3-5% of your new home’s purchase price. This amount may vary, however, based on your home’s location, cost and other factors.  Lenders are required to provide a Loan Estimate, which includes information about closing costs, within three days after you apply for a loan. Remember—this is just an estimate.

Just Say No to Mortgage Junk Fees

Finding the right home can be a long but satisfying journey, and nothing can put a damper on a dream home closing quite like extravagant closing costs. It’s normal to pay closing costs when you finalize a mortgage, but those fees may

…
An individual signing an auto loan application.

How To Set Yourself Up For Auto Loan Success

If you’re in the market for a new set of wheels, you’ll likely need to get an auto loan. This loan will significantly impact your monthly budget for at least a few years, so it’s important to make an informed decision when it comes to choosing your auto loan. Here’s how to select an auto loan that best suits your needs.

Make an auto loan budget

Your first step when shopping for an auto loan will be to determine how much you can afford to pay toward the loan each month. Review your current budget and calculate how much you …

Beautiful young woman and child girl little helper are having fun and smiling while doing laundry at home.

Spring Clean Your Finances

Personal loans can be a game-changer in your spring plans. Whether you have a project in mind or want to consolidate your high-interest credit card bills into one lower, fixed-rate payment, it’s a great time to lock in your rate, and start saving today!

How Personal Loans Can Clean Up Your Finances

As the flowers bloom and the days grow longer, spring brings a sense of renewal and rejuvenation. It’s when many of us dive into the annual spring cleaning ritual, decluttering our homes and setting fresh goals. But what about your finances? Just like your living space, your financial …

Navigating the Volatile Housing Market

Should You Buy or Sell Now?

The housing market is always changing, and in recent years, it has become more unpredictable. This has left many potential buyers and sellers wondering whether it is the right time to move.

Factors Contributing to Housing Market Volatility

Several factors have contributed to the recent volatility in the housing market. These market conditions include:

  • Rising interest rates: The Federal Reserve has raised interest rates to combat inflation. This has made mortgages more expensive, which has cooled demand for homes.
  • Limited housing supply: The supply of homes for sale has been tight for several years. This is because of several
…

How life events can change your housing needs.

Are you contemplating buying a home this year? Taking such a significant leap forward is a crucial milestone. Life-changing events such as marriage, divorce, job opportunities, or just the desire for a better lifestyle often spur this decision.

We’re aware that today’s economic climate and inflation worries may have you evaluating your living situation. Even with potential higher mortgage rates looming, don’t let uncertainty hold you back from jumping into the housing market.

Why? Because many compelling reasons still make 2023/24 a promising year for relocation.

So, if you’ve been mulling over a move, now might be the right time …

2024 TEG Annual Meeting

YOU are the reason we love what we do—improving lives. Helping people get to a better place financially. Member Focused. Member Driven. Together Everyone Grows.

Over the past five decades, TEG has grown to serve over 37,000 members and is approaching $420 million in assets. This success is a testament to the unwavering support of its members and employees. As TEG Federal Credit Union commemorates its 55th anniversary, it extends a heartfelt invitation to join in celebrating this momentous milestone.

We’re Turning 55, and You’re Invited!

Help us kick off our 55th Anniversary Celebration & Annual Meeting.

Date: Saturday, March

…

Why the Holidays are a Good Time to Consolidate Your Debts

During the holiday season, you’re likely making a list and checking it twice. But between gifts, travel, and festive celebrations, it’s easy to lose sight of holiday spending and your financial goals. This year, why not add “consolidate my debts” to your wish list?

The holidays may seem strange to focus on debt but hear us out. There are several reasons why this is a perfect opportunity to tackle your financial burdens and head into the new year feeling empowered.

Things that cause us to have financial stress during the holidays.

  • Increased gift expectations: Social pressure and marketing campaigns often
…
TEGFCU Community Shred Events

Free Community Shred Events

Shred it. Don’t regret it.

Fraud and identity theft have become an epidemic in our communities, and to raise awareness and promote prevention, we host these FREE community service shred events for you, our members.

TEGFCU hosts these events to provide community residents and businesses with a safe and secure way to discard documents that contain confidential and personal information.

Safeguard against identity theft and fraud while removing all those financial statements, tax returns, medical bills, receipts, and any other confidential documents cluttering your home.

Acceptable Items:
Paper (white or colored), file folders, checkbooks, staples and paper clips, and small …

Rising Home Mortgage Interest rates

In a High Mortgage Rate Environment – What Are Your Options to Buy a Home?

Buying a home is one of the most significant investments you’ll make. Low mortgage rates have made it easier for people to afford their dream homes over the last dozen years. In 2023, home mortgage rates have been soaring, causing problems for people who want to buy a house.

30-year mortgage rate history

While higher mortgage rates may discourage you from purchasing a home, don’t let it prevent you. There are still several homebuying options, even with higher mortgage rates, that may work for you.

Getting pre-approved is your best option.

Build a strong credit history – A good credit score will help you …

The Federal Trade Commission (FTC) is warning consumers about text message scams.

Beware of Text Message Scams

The Federal Trade Commission (FTC) is warning consumers about text message scams.

The FTC found that fake bank fraud alerts were the most common text message scam reported in their study. The study also revealed that many popular financial text scams pretend to be from reputable banks and credit unions like TEGFCU.

In 2022, the FTC listed the top five text message scams. They provided examples of how scammers create deceptive messages to trick people. In 2022, text message scams caused consumers to lose $330 million, which is over twice the amount reported in 2021. The number of reports regarding …

social engineering

Don’t Be Tricked By Social Engineering Scams

Social Engineering Scams have increased over the past few years, with incidents increasing alarmingly. Social Engineering is a term that refers to using psychological techniques to manipulate someone. This exploitation can lead to revealing sensitive information, like passwords, bank account numbers, and debit card pins.

Scammers use pretexting, phishing, baiting, and other scam tactics to trick their targets into divulging their personal and financial information. These Social Engineering Scams can have devastating consequences, including identity theft and financial losses. Knowing how to recognize a social engineering attack can help you protect yourself from becoming a victim of fraud.

Types of

…
How can I tell if I'm talking to a scammer

Know the Signs of a Scam

How Do I Know If I’m Talking to a Scammer?

Know the signs of a scam. The internet has made communicating with others much easier, but it also makes it easier for scammers to find new victims. Scammers are constantly looking for people to take advantage of and always coming up with new ways to fool people. Scammers can quickly contact people and try to defraud them, whether through email, text messages, social media, phone calls, or postal mail.

They contact you unexpectedly – One of the most obvious ways to spot a scammer is if they reach out and …


APY = Annual Percentage Yield ▪️ APR = Annual Percentage Rate ▪️ All rates and offers are subject to change without notice. ▪️ All financing is subject to approval and is based on an evaluation of credit history, so your rate may differ. ▪️ Please consult with qualified professionals to discuss your situation. ▪️ The calculators on the TEGFCU website are provided for educational purposes and results may differ based on the terms and conditions of specific products and may not apply to you.
NCUA logo Insured by NCUA Equal Housing Lender Logo Equal Housing Lender

Copyright © 2024 TEG Federal Credit Union. All rights reserved.

…
You are now leaving TEG Federal Credit Union

Modal called incorrectly.