Finex Blog

How to Add a Teen’s Car to Your Insurance

Posted by Shaughnessy Comstock on May 9, 2018 12:32:43 AM

You've been playing taxi driver for your high schooler for a few years, and now that she's gotten her driver's license, she's borrowing your car, leaving you stranded. Maybe it's time to consider getting her a car of her own, but what impact will that have on your car insurance?

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Topics: Excel 24, used car, car loans, insurance

President's Message to First Time Homebuyers

Posted by Michael Palladino on Apr 16, 2018 6:06:06 PM

Finex on the go home mortgages – creative solutions built on mutual trust.

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Topics: mortgage, first time home buyer, custom mortgage solutions

Refinancing Auto Loans 101

Posted by Shaughnessy Comstock on Apr 3, 2018 9:33:10 PM

If you're paying too much in interest on your car or truck loan, refinancing could be a great way to save some serious dough. Interest rates for vehicle loans may have dropped since you financed your auto. Or maybe you've improved your credit score, which could qualify you for a lower rate. Either way, it could be worth hundreds of dollars in savings to get a new auto loan to replace your current one.

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Topics: auto loan, refinancing

Financial Literacy for Kids

Posted by Shaughnessy Comstock on Mar 29, 2018 7:46:21 PM

No matter how enthusiastic you are, trying to formally teach finance to kids is a tall order that is likely to make their eyes glaze over. Hold their attention by keeping money lessons relevant, age-appropriate and a bit playful.

First finances

Preschoolers can grasp that money is exchanged for stuff. Teach them the names of coins, and as their counting ability develops, explain their values. Playing “store” lets them gain skills as they “buy,” “sell” and even “price” household items.

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Topics: Excel 24

Building a Credit Score From Scratch

Posted by Shaughnessy Comstock on Mar 21, 2018 6:03:41 PM

Young adults starting out on their own often bump into a cold fact of financial life: Having no credit history can limit your options just as much as having bad credit does. Lenders, rental offices and insurance companies use your financial track record to judge how likely you are to pay debts and bills — and if you're a blank slate, you're generally considered a risk.

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How to Improve Your Credit Score

Posted by Shaughnessy Comstock on Mar 13, 2018 7:25:56 PM

March is Credit Education Month! Here are some ways to Improve your Credit Score!

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Topics: credit enhancement

Is your credit score too impersonal to assess the risk you present?

Posted by Michael Palladino on Jan 5, 2018 6:07:30 PM

We use credit scores every day providing them free to you in our mobile app and home banking platforms.  They are very important to us as well as to banks, credit card providers, insurance companies and in many other areas of life.  But it can be an impersonal way to do business if used on its own.  So Finex Credit Union has adapted our personal service approach to use credit scores in lending; but only with other facts we have about you to provide a more accurate picture.  Here are some illustrations.

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President's Message on Custom Mortgage Solutions

Posted by Michael Palladino on Nov 15, 2017 5:20:19 PM

Finex home mortgages – Improving your financial position no matter where you are in life.

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President's Message Regarding the New Finex Mobile App

Posted by Michael Palladino on Nov 9, 2017 8:14:27 PM

A Kodak moment?

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What Is a Certificate of Deposit (CD)?

Posted by Shaughnessy Comstock on Oct 29, 2017 10:51:47 PM

Certificates of deposit, or CDs, are not the most exciting investments, but they are among the safest. They make perfect sense for the risk-averse or for people just looking to park some cash over a specific period of time.

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