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Managing your money should be convenient and worry-free. Poor customer service, driving distances to ATMs, high interest rates on loans, and more can all create a negative banking experience. If you’re facing these obstacles, it’s time to find a better organization to handle your money. Finding a new personal banking partner and switching financial institutions can seem daunting, but it doesn�... Continue Reading »

Information is power – and it is certainly key when it comes to financial goals. The more you know about your financial situation, the better equipped you are to change it. Cobalt CU has free financial education resources to help. From paying down your debt to protecting your identity, you can pick up tips and ideas on a variety of topics from our collection of free e-books. Here is what you wil... Continue Reading »

Personal loans can come in handy for a variety of purchases, but you may hesitate to apply because you do not know all of the benefits or personal loan uses. As soon as you know those, you will see all the reasons a personal loan can work for you.  Benefits of a personal loan Some of the benefits of having a personal loan are...  Helps build credit  Allows borrowers pay for purcha... Continue Reading »

Teaching your kids about money isn’t a single conversation. It’s a process that goes on until they’re on their own – and beyond. But talking about money can be tough, so here are some tips for ensuring your kids receive the financial education they need.  1. Teach by example. Kids learn how you handle money long before you start to consciously teach them. When they see you buying on im... Continue Reading »

Right now, you are probably trying to keep your finances in check throughout the holidays. Once the holidays are behind us, your finances could be the thing left behind. What goals do you have to make them better? 2022 is coming up and starting the new year with a fresh view of your finances can change up your entire year. To help, we have 5 personal finance tips that you can use to rock your fina... Continue Reading »

Everyone is eager to eliminate the nagging pressure of debt and its interest payments. But that’s a tough problem to escape. The average credit card balance among indebted Americans (about $7,000) has remained steady for years.  The debt challenge can be so daunting – especially if you face large or multiple debts – that some people think it’s unbeatable. The good news is if you take t... Continue Reading »

From paying down those credit cards to making a major purchase, like a new car, a home equity loan could be a reliable source of funds. But because you’re borrowing against your home, you should know what exactly you’re getting into. Here is a look at the basics of home equity loans to help you ask yourself, “Is a home equity loan right for me?”  What is a home equity loan?  With... Continue Reading »

Who can join a credit union? Finding the right financial institution for your needs can be challenging, especially given the myriad of products, services, and incentives that are out there today. Among these endless options, many consumers are turning to credit unions as their financial institution of choice. And it makes sense, given their competitive rates and broad range of products and a... Continue Reading »

Credit union beginnings This year at Cobalt Credit Union we celebrated 75 years of serving our members! We were founded in 1946 as SAC Federal Credit Union to serve Strategic Air Command (SAC) at Andrews Air Force Base in Maryland. When SAC moved to Offutt Air Force base in 1948, we moved along with them. For many years we served the military community exclusively before expanding our membershi... Continue Reading »

You can’t ever be fully prepared for the unexpected, but it’s nice to have extra cash on hand in the case of an emergency. By preparing and saving now, you can help prevent a financial headache the next time something you don’t anticipate comes your way. What is an emergency fund? An emergency fund is exactly as it sounds, money set aside to cover unanticipated expenses. While you may ... Continue Reading »