If you need to borrow money and own equity in your home, either a home equity loan or a home equity line of credit may be a good option. What is the difference between a home equity loan and a home equity line of credit, and which one is right for you? Read more to find out.Read More »
Even if you’re not stressed about the amount of debt you have, making multiple monthly payments to different accounts can be difficult to keep track of. Debt consolidation can help you organize your debt and make it easier to pay off your various balances. Keep reading to learn more about debt consolidation and how it can help you!Read More »
Although winter isn’t traditionally the most popular time to move, there are some significant benefits to early-year homebuying. In addition to low mortgage rates, the overall market is slower, which means there’s less competition from other buyers, leading to lower sales prices.
Read More »
Back to school season can feel like a fresh start for everyone. We’ve settled into the new school year. Now is the time to help your kids, teens, and young adults get their finances in order and set goals and habits for the coming year. Whether you’re homeschooling or sending your kids to in-person school this year, we’ll help you break down the ABCs of saving and spending.Read More »
First-time homebuyers make up about half of the home purchase mortgage market. But how do you get from Point A (renting or living with family) to Point B (proud new homeowner)?
The answer largely has to do with saving. Because buying a home requires some upfront cash for a down payment and closing costs, you need to figure out what you can afford to spend on a house and then save up enough for closing.Read More »
It's become essential to be able to conduct some tasks remotely, such as banking, instead of visiting a physical location. What are the benefits of mobile banking?Read More »
As the nation’s COVID-19 response continues to limit face-to-face financial services, many of our customers are exploring online banking for the first time. What started as a convenience has now become a necessity for our community.Read More »
Take stock of your financial situation and figure out what (and what not) to do with your money. Keep reading for a variety of tips to meet different situations and needs!Read More »
Looking for a home loan in one of our service areas? Here's everything you need to know before you begin the mortgage application process.
Scammers are always trying to con victims out of their information and money. They are, unfortunately, often successful. Here at Palisades Credit Union, our biggest priority is your financial wellness, and that includes keeping you and your money safe. To help you achieve it, we’ve put together this guide about recognizing the signs of fraud and protecting yourself from scams.Read More »
When was the last time you updated the designated beneficiaries on your insurance policies and retirement accounts?
At Palisades Credit Union, we care deeply about the security and privacy of our customers and their families.
Looking back on your own childhood, what did you learn about money and how did you learn it? Perhaps you held part-time jobs from an early age to cover your personal expenses, save for college, or buy a car. Did you have an allowance?
Are you buying a car in 2019?
If so then you may have to decide whether a used or new car will be right for you and your needs.
In 2017, 28% of Americans made their New Year’s Resolution to pay down debt.
If this was your resolution too read on for our five tips to make 2019 the year you ditch debt for good!
Was one of your resolutions for this year to save more money?
Here are some of our best tips and tricks to help you save more and achieve your financial goals this year.
Are you looking to cut costs this holiday season?
Or did you just have sticker shock the last time you opened your heating bill? No matter what your reason, you can save money on your monthly heating bill with these tips.
Are you using your smart phone or a mobile wallet to pay for purchases over the holiday season?
The ease and convenience of these options have made them increasingly popular in the past years. Some experts say that paying with a smart phone can even be more secure than paying with credit or debit cards. But that doesn’t mean they are immune to fraud. Here’s what to look out for and ways to protect your identity when paying with a smart phone.
It happens to the best of us, it’s just three days before Christmas and you’re still not done shopping for gifts.
If you’re scrambling to get gifts and stick to your budget here are some tips. And don’t worry, there are no DIY presents on this list!
Are you in debt?
You’re not alone. Nearly ¾ of all Americans have debt, including mortgages, student loans, credit card, auto and medical debt. If you’re struggling with debt there may be options available to you. Read on to learn more about debt forgiveness and debt consolidation and see which one is right for you.
Thanksgiving may not be known as the most expensive holiday in the winter season, but costs can add up quickly.
Between travel, décor, and dinner it’s easy to go ham and overspend. Use these tips from PCU to host a great Thanksgiving on a budget!
From worrying about your waistline to your wallet, there are many reasons the holidays can be stressful.
Thankfully, we’ve put together a Holiday Survival Guide that gives you weekly action items. So, you can spend more time celebrating with friends and family this holiday season.
Change is always welcomed at Palisades Credit Union as well as new memberships.Read More »
October 18, 2018 will mark the 70th anniversary of International Credit Union Day.
This year’s theme is “Find Your Platinum Lining.” It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”
Buying a used car can be a confusing or daunting process, especially if you’ve never bought a car before.
And with nearly 40 million used cars sold a year, how do you know you’re making the best choice for you? Keep reading to see our tips for buying a used car you’ll love at a price you’ll love!
Credit Unions have been around for over 100 years, but there is still a lot of misinformation surrounding them.
Below are seven common credit union myths including PCU and how we prove them wrong!
Do you have credit card debt?
You’re not alone — 50% of consumers in the U.S. have credit card debt. If you have credit card debt, it can be a monthly burden on you and your family, so here are three tips to help you pay off your credit card debt faster.
Only one-third of Americans can pass a basic financial literacy quiz.
Do you think you can do better? Take our financial literacy quiz below and get three or more questions right to pass. Ready to begin…
College is an exciting time where you will be trying and learning many new things.
Make sure you learn how to take care of your finances while you’re away from home for the first time! Read on to see what PCU recommends for every college freshman.
Everyone knows going to college is a great way to make money.
A recent study found college graduates earn $1 million more in their lifetime than high school graduates. But some majors earn more money than others. Here are some of the highest paying college majors!
Last month Timehop announced it had been the target of a security breach that affected millions of people.
It seems that there are more and more security breaches that can compromise your identity and lead to identity theft. Here are some tips to help protect you and your identity online!
You’ve probably been asked when checking out if you would like to save 10, 15, and even 20% off your total, by getting a store credit card.
While this discount can be very tempting, are store credit cards worth it in the long run? Read on to find out!
Becoming a home owner for the first time is a momentous occasion, but it can also be a little intimidating.
If you want to become a homeowner but don’t know where to start, here are some tips for making the most of your home search.
Summer vacations are super fun, but they can be expensive!
The best way to save money is to plan and save up for it accordingly, but even if you haven’t, you can still save money while on your trip. Use these tips to save while you’re gone and remember to let PCU know where you’re going so there’s no interruption in your service!
Buying a home and getting a mortgage will be one of the biggest financial decisions of your life!
Whether this is your first home or you’re a seasoned pro who just needs a refresher, here are the terms you need to know to help you make the most of your mortgage!
Credit cards can be a great tool to help you and your finances – if you know how to use them properly.
Whether you’ve never had a credit card before or just want to take better care of your credit card, here are our six credit card dos and don’ts to help you!
Summer is quickly approaching.
Whether you’re planning a family vacation or just want to escape abroad here are some tips to help prepare to spend money internationally.
If you just graduated college, congratulations!
Like thousands of other recent college alumni, you may be starting your first full-time, salaried job and earning your first paycheck. Here are a couple things you can do now, to make sure you set yourself up for financial success for now and later!
How Much Does College Cost?
The cost of college has been steadily rising for years, and a four-year degree is no small expense. For the 2017-18 school year the average cost of a bachelor’s degree ranged from $9,970 for an in-state public school to $34,740 for a private school degree. This estimate only covers the cost of tuition, but there are many other expenses to consider when paying for college, like fees, supplies, room and board, and everyday living expenses. For example, for a private college in New York City, they estimate you will have to spend an extra $10,00 - $20,000 a year to cover room and board and all other associated college costs. As you can see, the cost of college can vary greatly, but no matter where you go, college is not cheap. So, how can you pay for college?Read More »
Making and sticking to a budget.
Making and sticking to a budget is one of the most important steps to taking control of your finances and achieving your goals, but many Americans can’t stick with it. Help yourself succeed by choosing a budget that fits your lifestyle!Read More »
Everyone deserves a great vacation occasionally, but it’s no secret that traveling is not cheap.
Do you know how much it costs to travel to popular vacation destinations? Keep reading to see what it costs to have a dream vacation, and how you can afford it.Read More »
For many Americans, money can be of the biggest causes of stress.
Since April is Stress Awareness Month, we’re sharing five tips for ways you can take the stress out of your financial planning.Read More »
One of the biggest investments you will ever make is the purchase of a home.
You want to make the most of your investment, so consider one of these home projects to add value to your home!Read More »
What is an Emergency Fund?
An emergency fund is a savings account that is there for a rainy day. It can help you cover major unexpected expenses like car repairs, medical bills, and even unemployment. You need an emergency fund because it provides a buffer in situations that may otherwise have you take out high interest loans or increase your credit card debt. If you already have those kinds of obligations or don’t have any savings at all, an emergency fund is essential to your financial health!Read More »
Did you know that one in three Americans has nothing saved for retirement?
While it is better to start saving for retirement sooner rather than later, it is never too late to start saving. The best way to begin saving for your retirement is through an Individual Retirement Account or IRA.Read More »
You may not look forward to doing your taxes, but you probably look forward to getting your tax refund.
But before you start spending your refund on impulse buys, consider putting your refund to good use and ensuring your financial stability for the future. Here are seven smart things to do with your tax refund this year.Read More »
Spring brings new life, beautiful blooms — and the start of wedding season!
Warmer months are the most popular time of the year to get married, and the average wedding cost $35,329 in 2016. You don’t need to spend thousands of dollars to have your dream wedding, but you should be prepared no matter what your budget is. Before you start picking out colors and venues, here are our tips to help you create and stay on budget for your big day!Read More »
You may have heard that last month, one of the big banks announced they will no longer offer free checking for customers with low balances.
This decision prompted many people to look for alternative ways to bank. Credit Unions, like Palisades CU, are a great option for people who are worried about being charged to bank at big banks or want to bank with people that know and care about them. So, what is a credit union and what advantages do they offer?Read More »
Flowers. Chocolate. Dinner and a movie?!
Expectations may be high on Valentine’s day but that doesn’t mean the bill has to be too! Here are some ideas for any budget to make this a Valentine’s Day to remember.Read More »
This year Palisades CU can help you get — and stay — organized!
Our online and mobile banking system was designed for people that are always on the go, like you! If you enroll in online banking you will you have less errands to run, less paper cluttering your house, and fewer due dates to remember every month. If you’re ready to have peace of mind when it comes to your finances read more about how online banking and all the services it comes with was made for you!Read More »
Did you know only 8% of Americans achieve their New Years resolutions?
While 40% of Americans make resolutions on January 1st, very few actually stick to them. There are many reasons why resolutions may fail, like they’re too lofty or not being specific. Sometimes 12 months is just too daunting! If you want to be one of the 8% who achieve their goals, here are 10 tips to make your resolution stick this year.Read More »
Many people think of the New Year as a time to get in shape, but have you ever considered getting your wallet into shape?
With the fresh start of a new year, now could be a great time for you to tackle some new resolutions that can help your finances and secure your future! Here are four attainable financial resolutions for you to try in 2018.Read More »
Our last blog focused on savings in your 20’s and 30’s.
This week were giving you some tips on how to save in your 40’s, 50’s and 60’s. Your life can change a lot in these decades, but saving is just as important now as it was earlier in life, and it’s time to get serious about saving for retirement. Read on to see our simple tips to help you save and plan for your future.Read More »
Saving money is an important step to take to plan for your future and to be financially secure in life.
But did you know, the way you save in your 20’s and our 60’s could look completely different? The one thing that will remain the same through out the years is the importance of saving! So no matter where you are in life, it’s never too soon to start your savings journey. Here is the first of two blogs on saving for any age, with some tips to help you start saving.Read More »
Many people purchase cars for the holidays for a variety of reasons.
Some people give cars as gifts to loved ones and others just take advantage of all the sales and end of year pricing happening on car lots at this time of year. If you are purchasing car this holiday season you’ll want to make sure you walk in prepared to get the best deal, so we’ve put together a list of tips to help you buy a car this holiday season.Read More »
The holidays are a great time to reconnect with friends and family, enjoy time together and are generally considered a time of cheer and good tidings.
But for some the holidays can be stressful, due to the amount of money spent around the holidays. The National Retail Federation predicts Americans will spend over 670 million around the holidays in 2017, and in 2016 the average American spent $929 on gifts. Don’t let the spirit of giving get the best of you and your finances. Here are six ways to help you save money on gifts and other expenses this holiday season.Read More »
Saving money is an important step to building wealth and having financial security in your future, and it’s never too soon to start teaching your kids good saving habits.
Building good habits when they’re young can help ensure your child’s future and will enable them to make sound decisions with their money when they go to college or leave the home. You have a huge part in helping shape these habits, and it’s never too soon to start! Use these six tips to help your kids start building good saving habits now.Read More »
Winter is not a popular time to move.
In fact, most Americans move between May and September. While the idea of moving in the cold months and possibly having to deal with adverse weather conditions may not be appealing, moving during the winter can save you lots of money. Read on to see the three ways starting your new home search now can save you!Read More »
Palisades Credit Union Assumes Loans, Assets, and Shares
(Pearl River, NY) – The National Credit Union Administration (NCUA) liquidated New York State Employees Federal Credit Union (NYSEFCU) on October 27, 2017. Palisades Credit Union immediately assumed most of New York State Employees Federal Credit Union’s assets and all member shares and loans.Read More »
For many millennials — over 80% in a recent survey — student debt has become a barrier to home ownership.
Despite being in their prime years to buy their first home they expect to delay buying a home by seven years. Earlier this year however home lenders Fannie Mae and Freddie Mac changed some of the requirements to debt-to-income (DTI) ratios. Fannie Mae raised the DTI ceiling from 45% to 50%, which may open the door to home-ownership for many new buyers.Read More »
If you are like a majority of Americans banking and finances can be a confusing and even stressful topic.
However, being financially literate is key to having a successful future and knowing you will be able to take care of you and your family’s needs.Read More »
Sticking to a budget is hard, but it is essential to plan for you and your family’s financial health and future.
Thankfully there are dozens of mobile apps that can help you learn more about your spending habits and how to better take care of your finances available. Here’s a list of some of our favorite money apps available to smartphone users, so you can bank smart no matter where you are!Read More »
With data breaches becoming more frequent, it is important to understand how to protect yourself.
Identity theft occurs when someone uses your personal information, without your permission, and pretends to be you to commit fraud. It can be hard to notice that you were a victim of identity theft until you review your reports or statements and see charges you didn't make, or are contacted by a debt collector about a debt you don't recognize.Read More »
College is quite the expense and tuition is only one part of that.
You also need to consider room and board, books, food, and more but don’t let that discourage you! There are plenty of ways to cut costs and save. Keep more money in your wallet by trying these five ways to save in college.Read More »
Beat! Beep! Watch us beat your rate!
Beep! Beep! Is there a new car in your future? Finding the perfect vehicle can be a daunting task. Lots of questions come up about what style car are you looking for. What make of the car? What model? But the most common thought is: “how much money is this going to cost?”Read More »
Beginning September 15, 2017, the National Automated Clearing House Association (NACHA) is implementing a Same Day ACH debit program, enabling the same-day processing of virtually any ACH payment.
Only international transactions (IATs) and high-value transactions above $25,000 will be excluded from same-day processing.Read More »
Wrap Up Summer With Rewards
If you’re looking for a credit card with great benefits, check out our Platinum Rewards MasterCard!Read More »
Beware: Charging Your Phone In Public May Not Be Safe!
If you’re like most people, you use your smartphone for everything, everyday! Even if it’s just there in case of emergencies having a charged cellphone can provide a serious sense of security. That’s why when the battery meter starts to tick down, a cold sense of panic rises in your stomach.Read More »
Feeling Stuck In Your Auto Loan? Refinance With Palisades CU!
With all the attention paid to refinancing home mortgages, refinancing your auto loan to a better rate may not have even crossed your mind!Read More »
How To Pay For College When Financial Aid Isn’t Enough
While many types of federal student loans exist, freshman college students and their families often find that even the maximum loan amounts are not enough to pay for their education.Read More »
How Do Home Appraisals Affect Your Mortgage Loan?
Financing your new home is a process with numerous steps and the home appraisal process is one that can be particularly confusing to first time home buyers. Here are some answers that you need to get you through one of the final—and most important—steps of the home buying process.Read More »
Ditch Your Bank, Join a Credit Union!
Tired of paying bank fees on everything from ATM withdrawals to monthly account maintenance? Want to be earning a better interest rate on your savings account? It might be time to consider switching to a credit union.Read More »
Missed the FASFA Deadline? You Still Have Options!
Paying for college can be overwhelming and if you are looking for financial aid to help pay for school, staying on top of all those deadlines can be even more so. Besides keeping track of college application deadlines, scholarship deadlines, and financial aid deadlines, you also need to keep track of the special requirements for each one. It can be difficult to keep it all straight when you have so much going on.Read More »
Student Loan Myths Busted!
A recent LendEDU survey of more than 500 college students showed some troubling misconceptions about how student loans work — from the length of repayment plans to what happens if you cannot pay. With so much information and advice about student loans it's easy to be misinformed. Watch out for these five student loan myths.Read More »
Applying for a Home Loan? Don’t Do These Things!
Buying a home is a long process – sometimes taking months. When you decide you’re ready to buy a home, you’ll (hopefully) examine your own finances closer than you ever have before – because your mortgage underwriter will be looking at your finances even more closely.Read More »
If you’re buying your first vehicle, the process may seem overwhelming.
Maybe you know what you want, but you’re not sure it will fit in your budget. And how do you know you’re getting the best deal? This guide is designed to help you successfully maneuver down the road to your new vehicle and avoid any potholes that could derail the process.Read More »
Palisades Credit Union announced today it has received approval of its community charter expansion by the National Credit Union Association (NCUA).
With this approval, Palisades Credit Union will expand its membership to serve “persons who live, work, study, volunteer, or worship Rockland County, New York and Bergen County, New Jersey”. This field of membership expansion was approved effective June 1, 2017.Read More »
Palisades Credit Union Awards Scholarships to Members
PEARL RIVER, NY – Palisades Credit Union has awarded three thousand dollars ($3,000.00) in college scholarships to five (5) high school seniors to help finance their college education.Read More »
Thinking about buying a second home?
Even in today’s housing market, a second home can be a great long term investment, or a way to earn extra income on the side by renting! However, there are some things to consider when buying a second home.Read More »
Have you ever been hit with a “minimum balance” fee by your bank only to wonder why you have to pay to access your own money?
Read on to find out why banks charge fees and what your options are!Read More »
Millennials may say they don’t want credit or that they have no worries about credit, but in reality, everyone needs to be actively concerned with their credit and credit score.Read More »
Learn the difference between student loan consolidation and student loan refinancing to find out which option is best for you.Read More »
Personal loans are most often used to consolidate debt or pay off credit card bills but they can also be used for a world of travel opportunities. Read more to see if a personal loan from Palisades Credit Union is right for you!Read More »
Drive Away With A Low Rate And More Benefits!
Once you've found the vehicle that fits your needs, make sure your auto loan is also a perfect fit. Learn if the Flex Auto Saver Loan from Palisades Credit Union is right for you!Read More »
Palisades CU is pleased to announce that we are upgrading our credit cards!
In addition to upgrading cards, all credit card information will be accessible through Online Banking.Read More »
Whether you are a first-time home buyer or a seasoned veteran, you likely already know that there are many options available when choosing a mortgage lender to buy a new home.
Many people choose large banks or corporations for their mortgages because they feel that they can get a better rate – but is that really true? Read on to find out!Read More »
Spring Into Action With A Home Equity Line of Credit (HELOC)
Put your home’s equity to work and get the flexibility you need with a Home Equity Line of Credit (HELOC) from Palisades Credit Union! Whether you want to spruce up your home for spring, plan a vacation or consolidate your debt you can do it on your terms with help from Palisades Credit Union.Read More »
Are you ready to buy your first home?
Taking the steps to buy a home is exciting but it can also be scary if you don’t know what to expect. Take a look at these tips to avoid making common mistakes that could end up putting your new home loan on hold!Read More »
Palisades Credit Union Partners with Rockland Boulders for Charity
Palisades Credit Union is proud to partner with the Rockland Boulders in their new and exciting fundraiser program that is guaranteed to help area groups and 501(c)3 organizations raise an unprecedented amount of money while enjoying all the fun of a Boulders home game.Read More »
Palisades Credit Union Saves Rockland County over $2 Million in Interest
Palisades Credit Union set a goal in 2016 to save Rockland County residents $1 Million in interest on loans with competitive rates. As a community chartered credit union, Palisades wanted to reinvest in its members and the community. The credit union found a way to save its community money by helping members find lower rates for their loans.Read More »
Direct Deposit is a free service that automatically deposits recurring income into your checking or savings account.
Types of deposits that qualify include: salary from your employer, Social Security, pension, retirement plans, the Armed Forces, VA benefits, and annuity or dividend payments.Read More »
Beat the Rush! Black Wednesday Loan Sale
In honor of the biggest shopping season, Palisades CU will host a Black Wednesday Loan Sale to get shoppers ready for Black Friday. You can apply online or in person starting Wednesday, November 23 8AM-5PM EST. Get ready to submit those applications early as rates will increase throughout the day.Read More »
Palisades Credit Union Offers Relief Loan Special for Hurricane Matthew
(Pearl River, NY) - Palisades Credit Union announced today that they will be offering low rate relief loans to provide assistance to all Rockland county residents who have families that have been affected by Hurricane Matthew.
The Credit Union is offering personal loans at 50% off their standard rates for terms up to 24 months. The loans can be used for anything to help with relief in the affected areas. Through this offer, Palisades CU hopes to help the families of our members who have been affected by Hurricane Matthew.
Relief Loan applications can be taken online and over the phone, please visit www.palisadesfcu.org/apply to get started. For more information about the loan program visit www.palisadesfcu.org/reliefloan
About Palisades Credit Union
Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.
Have you checked mortgage interest rates lately? If rates happen to be lower than when you bought your home, it may make sense to refinance to a lower rate. Read on to learn more about refinancing and to see if it’s something you should consider.Read More »
Palisades Federal Credit Union is aware that there is a Mystery Shopper Scam that utilizes fraudulent credit union checks with our logo and credit union information.
Letters are being sent welcoming people to the Mystery Shopper program. Recipients are asked to deposit the fraudulent check into their bank accounts. After completing a few assignments, they are told to keep a set amount as their payment for completing the mystery shop assignments and to send the rest back to the sender.Read More »
Palisades Credit Union is now offering discounts at Palisades Credit Union Park, home of the Rockland Boulders. By using a Palisades CU debit or credit card you can receive 20% off tickets at the box office, items in the team store, and food& non-alcoholic beverages in the main concession stands.
If you do not already have a checking account with Palisades Credit Union or a debit card, visit one of one of our branches or www.palisadesfcu.org/apply.
Palisades Credit Union Acquires Naming Rights to the Rockland Boulders Ballpark
Fans of the 2015 Can-Am Regular Season Champion Rockland Boulders will find a new community partner on the ballpark this year with the announcement today that Palisades Credit Union has acquired naming rights to the park now to be called Palisades Credit Union Park.Read More »