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When Times Are Tough, We Can Help

In tough times, it's more important than ever to develop and maintain good financial habits.

Having a household budget and shedding high-rate credit card debt are two obvious things that could benefit most consumers. But figuring out where to start can be a daunting task—especially if you feel like you’re already in trouble. The thing to remember is that it’s never too late to ask for help from your credit union.


Tap Your Home’s Equity

A Home Equity Line of Credit can be a useful cushion if you’re not already overloaded with debt.

Cut Credit Card Costs

Not all credit cards are created equal. Switch to a CDFCU VISA® Credit Card—they average more than two percentage points lower than bank credit card interest rates, and a CDFCU VISA® Credit Card has no annual fees.

  • -Pay on time, no exceptions.
  • -Whenever possible, pay the balance each month. When you have to stretch payments, pay in as few months as you can manage.
  • -Avoid cash advances—the interest rate on these is higher than on straight purchases.

Pass Up Payday Loans

Payday lenders promise to help when you’re short on cash. You’ll get the money you need, but with interest rates from 300% to 1,000%.

  • -See what it really costs to borrow from a payday lender.
  • -Visit CDFCU—Credit unions offer payday loan alternatives with fairer terms and lower interest rates, such as short-term Signature Loans and low-cost cash advances.

Use Direct Deposit

Direct deposit will help you to save automatically. You simply need to set it up to place a certain amount or a percentage into your checking account and another amount into your savings. It gives you:

  • -One less thing to worry about; it’s the safest way to receive your money.
  • -An easier and more convenient way to contribute to IRAs (individual retirement accounts) and other savings vehicles.
  • -More control over your money and your time—it’s predictable and dependable.

Steer Clear of Scams

Some scammers use negative economic news to scare investors into high-risk investments. They use investor fears to promote sketchy schemes with promises of high return and no risk that leave investors with nothing but empty wallets.

  • -Hang up on aggressive cold callers.
  • -Delete unsolicited e-mails promoting investment opportunities.


As a member-owned not-for-profit institutions, we look out for our members’ best interests. Our rates and fees can save our members hundreds of dollars annually.

Don’t wait until you’re in deep trouble to ask for a financial checkup. In fact, the earlier you ask for a review, the better the outcome can be. Give us a call today at 800-572-5678.

We know members like friends.
We know their names, their families and their pets.