Blog

April is National Financial Literacy Month, and it’s also the first full month of spring, which means new beginnings. That makes it the perfect time to establish some fresh financial resolutions. Not sure where to start, or even what topics might interest you? No problem. Cobalt CU has a wealth of resources that can help you boost your financial literacy: Blog posts Since you’re here... Continue Reading »

Managing personal finances isn’t something you should put on cruise control – the more actively you manage your money, the more your money will work for you. It’s time to take a close look at your finances and figure out what you can do to better direct them. Consider it spring-cleaning for your wallet! A personal financial audit doesn’t have to be a tedious activity. It’s a relative... Continue Reading »

If you’re a college hoops fan, March Madness means brackets and basketball. Though many of us at Cobalt Credit Union will watch our share of games this month, our interests will always lean toward the financial. In that spirit, here’s a look at some of our top blogs and top tips: Credit vs. savings edition. Credit and saving both have their place in a solid financial plan. Here’s a look ... Continue Reading »

Does your debt feel like it’s spiraling out of control? Even if it’s just starting to feel a little overwhelming, now is the time to take action. These strategies can help you regain financial control — and peace of mind.   Set the Stage Start your quest with a simple step: Write down what you owe — balances, interest rates and monthly payments for every account, plus a grand tot... Continue Reading »

For many people, improving their personal financial outlook is closely tied to boosting their credit scores. After all, a good score can save you thousands when it comes to loans for things like a house or a car. So how can you get there? Through a review of our top mythbuster posts, we’ll show you how to build your credit by dispelling some of the biggest “urban credit legends” about what h... Continue Reading »

When you’re just beginning your (gulp) “adult life,” the last thing on your mind is likely how you want to retire or what your life will look like decades from now. That’s something your parents, wealthy people, or investment bankers worry about, right? For you, it all seems so far down the road. But there’s a saying that perfectly captures the flaw in this line of thinking: “The troub... Continue Reading »

Credit can be a valuable tool for reaching major life goals like going to college, buying a home, or starting a business. But other times, debt can pile up faster than you realize. Suddenly, those fun splurge items and vacations seem to stay stuck on your credit cards – with interest accumulating every month. For some people, debt begins to feel claustrophobic, with high interest rates and m... Continue Reading »

If you’re like most new retirees, you probably have a wish list of things you look forward to doing in your free time. Travel. Visit with your grandkids. Do more volunteering. It’s a great time in your life, but it’s also a big transition financially, as you move from relying on employment income to living on your retirement savings. With this in mind, we’ve put together another important ... Continue Reading »

At first glance, banks and credit unions can seem so similar that people may not recognize the differences between them. After all, both offer checking and savings accounts, loans, mortgages, and wealth management, among other services and products. But when you take a closer look, you’ll notice a distinctive difference between credit unions and banks when it comes to rates and dividends. Her... Continue Reading »

With college expenses, potentially low-paying first jobs, and trying to get a firm financial foothold, your 20s can be a challenge when it comes to money management. But as you ease into your 30s and find yourself with more financial security,there are some struggles worth keeping in mind – even better, turn them into strategies for long-term financial health. Here are some tips on saving mon... Continue Reading »