ACU of Texas Blog

When you deposit your money into a federally insured financial institution, you automatically receive a certain level of security in how your money is protected. Banks are insured by the Federal Deposit Insurance Corporation (FDIC), while credit unions are insured by the National Credit Union Administration. These federal agencies are responsible for backing consumer deposits in case an insured financial institution fails.

Whether you're saving up for an emergency fund, a vacation, a down payment on a house, or anything else, the right account can help you maximize your hard work. Both a CD and a savings account allow you to safely stash away your funds while earning interest. But there are some core differences that could impact which one is the better option for your savings goal.

Cryptocurrency is becoming more accessible to everyday consumers. One of the most visible signs of this shift is the rise of Cryptocurrency ATMs—machines that allow people to buy or sell Bitcoin (or other cryptocurrencies) using cash. While they may seem like a fast and easy way to get involved with crypto, Bitcoin ATMs have also become a favorite tool for scammers.

Cash flow is a huge concern for businesses of every size, whether you're navigating a rocky economy or experience a sudden financial emergency. A business line of credit offers access to capital so that you're not left scrambling when you do need additional working capital. Find out everything you need to know about this type of financing, plus when it might be a smart move for your business.

The length of your car loan determines how long you'll make payments on your automobile, plus how large those payments will be. With more term options than ever, you may wonder which is the best — something as short as 36 months? Or should you opt for one of the longest terms, like 84 or even 96 months? Here's everything to consider as you weigh your financing options for your next vehicle purchase.

As the last of the Baby Boomers reach retirement age, more Americans are tasked with providing increasing levels of care for their aging parents. Health and mobility may be at the top of mind, but money is also an issue — and the sooner you talk about it together, the better. A little advanced financial planning makes it easier for everyone to navigate the years ahead and maximize your parents' independence and security. Here are five strategies for organizing and managing finances as your parents get older.

Using a budget to improve your financial wellness gives you a sense of security when it comes to your money. You'll be ready to face emergencies head on while also preparing for your future. Not sure where to start on your financial wellness journey? Here are six tips you can incorporate at any stage of life.

Home values have soared in and around Houston, providing many Texas homeowners with a large amount of equity in their properties. Even if you just bought your house within the last few years, the value could already have appreciated quite a bit. You don't have to move in order to take advantage of that equity. Instead, you can use a home equity loan to get low-interest financing for a variety of expenses. Find out how a home equity loan works and how to apply with ACU of Texas.

With a home improvement loan from ACU of Texas, you can leverage your home equity to make repairs or upgrades on your own timeline.

After 40 years of dedicated service, Jack Click, Chief Executive Officer of Associated Credit Union of Texas (ACU of Texas) since 1994, will retire from his position as CEO on April 30, 2024.

Read for tips on protecting yourself from common cash app scams.

We take a proactive approach to securing your data, and we monitor, detect, and prevent suspicious activities to help secure and protect you and your information. Help protect yourself with these tips.

Online scams aren’t so scary when you know what to look for. We’re committed to helping you spot them to keep your information — and money — safe.

Deciding whether to rent or buy depends on your financial situation, future plans and lifestyle. Both options have benefits that you need to carefully consider before making your decision. For more information about homeownership and resources, contact our Mortgage Team.

If your 2023 goals include buying a home, making home improvements, building your dream home, or consolidating your debts using the equity in your home, ACU of Texas Mortgage has you covered.

Whether you’re looking for a houseplant, a coffee table, or a new gaming console, online marketplaces can be great places to start. But be careful. Anonymous listings and virtual transactions are ripe for online marketplace scams, which can take a variety of forms.

While increased mortgage rates may have potential buyers scared to make a move on buying a home, there is never a bad time to invest in your future!

If you're looking for ways to improve your financial security, you should consider working with a credit union. Here are a few signs that you should work with a credit union for better financial security.

Are you looking to open a new checking or savings account? If so, you should consider visiting your local credit union. Credit unions have many benefits that can help you with your financials. Keep reading for five benefits of banking with a credit union.

There are many reasons why you should make growing your savings account by banking, a priority. Here are just a few.