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Using an alternative greeting during the covid pandemic

Life Lessons Learned During the COVID-19 Pandemic

If someone would have approached us a year ago and told us that, in 2020, the country would essentially shut down for three months; the busiest thoroughfares in cities across the world would be empty of traffic; schools and colleges would close for an entire semester and blockbuster releases would be put on hold indefinitely, we probably would not have believed them.

Tales of mass shutdowns and cancellations of in-person gatherings, from sporting events to concerts to graduations, sound like scenes from an outrageous sci-fi movie with an unbelievable plot. Not real life, right?

We’ve all changed this year. We’ve …

Hand holding a pen typing on calculator

My Savings has Been Wiped Clean; How can I Replenish it?

Q: The last few months have been really tough on my finances, and I’ve been forced to use my savings for getting by. My emergency fund and savings account are basically zero. Now that my financial situation is starting to improve, I’d like to start building these up again, but it’s all so overwhelming. Where do I begin?

A: Watching savings that took you years to build up disappear in just a few months can be disheartening, but it’s important to remember that you’ve made the right choice. Using emergency funds to survive prolonged unemployment, an unexpected large expense or …

Person on Laptop with Transparent Lock

How to Create and Keep Strong Passwords

Your passwords are the keys to your life. And when it may feel like there’s another big security breach every other week, you want to be sure your passwords are strong and safe.

Below are 6 steps for super-strong passwords that will keep scammers guessing.

Step #1: Choose a password manager

The best way to ensure your passwords are secure is to use a password manager like 1password, Lastpass or Keepass. These services generate encrypted passwords for every website you use. You will then create one master password to use for logging into all of your accounts.

Step …

Why You Should Get an Auto Loan Through a Credit Union

Why Your Next Car Loan Should be From a Credit Union

If you’re in the market for a new automobile, maybe you think the easiest way to get your dream car financed is to obtain dealer financing at the time you buy the car. In a sense, that’s true – as long as you don’t mind spending more time and money than necessary just to make things “easy.”

At TEGFCU, you apply for the loan before you go shopping and get pre-approved for a specific maximum. Then you can use that pre-approval almost like cash when you go shopping. It may seem strange if you’ve never done it before, but car …

5 Ways to pay off a loan early

5 Ways to Pay off a Loan Early

If you’re like most Americans, you probably owe money toward a large loan. Whether that means carrying thousands of dollars in credit card debt, having a hefty mortgage in your name or making car loan payments each month, loan debt is part of your life. This means you’re looking at hundreds of dollars in interest payments over the life of the loan(s). There’s also the mental load of knowing you owe perhaps tens of thousands of dollars and that you’ll be paying back the loan for years to come.

It can all get kind of depressing—but it doesn’t have to …

7 Ways to enjoy a personal loan this summer

7 Ways You Can Use a Personal Loan This Summer

Summer is a time for fun and excitement, but it can also be super expensive. Before you start swiping the plastic for everything under the sun, we recommend considering a personal loan to stay within your budget.

At TEG, the application process is smooth and quick. We also offer fantastic terms, with interest rates on loan payments as low as 10.49%*. When you use a personal loan instead of racking up credit card debt, you are making a responsible choice that can positively impact your finances for years to come.

To help you accomplish this, we have outlined seven ways …

Man and Woman working on a new deck

Financing a Home Renovation with a Home Equity Loan

Q: I’m doing some home renovations, and I’m not sure how to finance it all. Do I take out a loan? Should I just charge all the expenses to my credit card? There are so many options! Which one makes the most sense for my finances?

A: Whether you’re gutting your entire kitchen or only springing for a fresh coat of paint and new fixtures, we’ve got you covered. As a member of TEG Federal Credit Union, you have several options when it comes to funding a home renovation. You can open a HELOC, or a Home Equity Line of …

How to Create a Budget

How to Create a Budget in 6 Easy Steps

If you’re always wondering how you’re going to pay the next bill, feel guilty when you indulge in overpriced treats and you can’t seem to find money to put into savings, then you probably need a budget.

A budget is not a magic potion that will automatically solve all of your money problems, but it will help you gain financial awareness. That, in turn, will help facilitate more responsible decisions.

Lots of people think budgeting is overly tedious, and that living within a budget means never indulging in a $6 latte or a pair of designer jeans again. The reality, …

Why is my credit score important?

Why Does my Credit Score Matter?

Your credit score is made up of three numbers, serving as an indicator of your financial history, wellness and responsibility. These three little numbers can spell the difference between approval and rejection for a mortgage, a job, a rental unit and so much more.

We have outlined how your credit score is calculated, why it matters and steps you can take to improve your score.

How is my credit score calculated?

There are three major credit bureaus in the U.S.: Experian, TransUnion and Equifax. Each one collects and shares information about your credit usage with potential lenders and financial institutions. …

How to manage high medical bills

How to Pay for Large Medical Bills

If you’re looking at astronomical medical bills thanks to the coronavirus pandemic or another health emergency, you might think there’s no choice but to pay thousands of dollars for your treatment. Lucky for you, though, there is hope.

Here’s some advice on how to bring down the numbers on your medical bills and tips on how to cover the remaining costs in five easy steps.

Step 1: Review your bills.

Typically, you’ll receive an Explanation of Benefits (EOB) from your insurance company along with the actual bill, which tells you how much you’re responsible for paying. It’s important to hold …


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.
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