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Category Archives: Personal Banking

A cure for a holiday spending hangover

A cure for a holiday spending hangover

If you’re like most people, celebrating the holidays didn’t just make your waistline a little bigger; it made your credit card balances bigger, too.

While we don’t have any suggestions for the waistline, we do have a simple method that can help reduce those bulging credit card balances and pay them off quicker.

First, gather up all your credit card bills and compare the interest rates you’re paying on each card. The one with the highest rate is the one you should pay off first.

Starting with your next payment, only pay the minimum amount due on all your credit cards — except the one with the highest interest rate. For that one, pay as much over the minimum as you can. If your minimum payment on that card is $25 try paying double, or triple that amount each month. The more you pay, the quicker this card will be paid off.

Then once that card is paid off, take all the money you were paying towards that balance and add it to the amount you’re paying on the card with the next highest interest rate. So if you were paying $75 on the first card and $25 on all your other cards, add that $75 to the $25 you’re paying on the next card. Now, instead of just paying the $25 minimum, you would pay $100.

Then once that card is paid off take everything you’re paying on that card and add it to the next card. Continue doing this until you pay all your balances off.

To help pay down your credit card debt faster, try to not put any new purchases on them. Use your debit card or cash instead. Also, try to cut down on the number of cards you use to just two or three. And don’t keep a balance on either card that’s more than 10% of the card’s credit limit. This will help improve your credit rating.

Financial literacy starts here

Financial literacy starts here

As a parent, you instill good moral values and financial guidance in your children. Help your son or daughter toward a secure future by teaching financial responsibility early with a free checking account from the Credit Union. “I wanted to teach my kids how to be financially responsible. I opened a checking with a debit card… Continue Reading

Access your money nationwide…for free

Did you know as a CSFECU member you have FREE access to more than 30,000 ATMs nationwide? Free. Nada. Zip. No surcharges. That’s more than the major banks! And do more than just get cash…you can make balance inquiries, transfers, and deposits!* We have 24 locations in Humboldt county alone. Just visit co-opatm.org or download… Continue Reading

Maximize your tax refund

Maximize your tax refund

April is the month when Americans get one of two bits of news. We write a check to pay our taxes, or we get a check written to us in the form of a tax refund. If you’re one of the nearly 80% of Americans who receive a refund on your federal income taxes, congratulations!… Continue Reading

Electronic services pave the way in 2017

Electronic services pave the way in 2017

Throughout 2016 we worked to build our electronic services to make CSFECU the most convenient banking solution around. In case you’re not yet fully digitally immersed, here’s a quick recap. Online Banking Manage your accounts from anywhere in the world via the internet. You can check balances, transfer funds within your own accounts or to… Continue Reading

Refer a friend to CSFECU and make both of you very happy!

Refer a friend to CSFECU and make both of you very happy!

**This promotion is no longer available.** There’s nothing better than doing something nice for a friend. You get a big smile, maybe a hug. And the satisfaction of knowing you made their life just a little better. Here’s something you can do: refer a friend to CSFECU! You know they’ll love our personal service, smile-making… Continue Reading

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

Federally Insured by NCUA

Compass CCU utilizes AudioEye to ensure that our site is fully accessible to all users. Click here to learn more.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

Federally Insured by NCUA

Compass CCU utilizes AudioEye to ensure that our site is fully accessible to all users. Click here to learn more.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.