News

Savvy Is the New Cool

Remember in high school when everyone wanted to have the same pair of brand shoes, the same hairstyle and the same backpacks? Some things never change, especially when your kids are begging for the latest trends. We’re here to break the cycle by making savvy the new cool!

  • Being a little different sets you apart from the rest and saving money makes you smarter than the rest, so skip department stores and find unique things at local discount retail stores.
  • Those shoes are cool but the price, not so much. Shop on sites like Amazon or eBay for a cooler deal.
  • When did school supplies get so expensive? Get more bargain for your buck at the dollar store.
  • Check last year’s school supplies. Perhaps the backpacks are still in good shape or their uniforms have a few months left in them before they’re outgrown.

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Last, use this shopping experience to teach your kids about the importance of being resourceful and saving money. It’ll be a lesson not offered in school.

Affordable End of Summer Outings

Summer is coming to an end. You’ve traveled, you’ve partied and there are just a few weeks left before you can celebrate back-to-school! What to do?

Keep your vacation fun by staying local and under budget:

  • Attend a local festival, concert or community event. They typically are free – so pack a cooler and snacks to save money.
  • Act like a tourist and see sites like the J.F.K Museum, Klyde Warren Park or the Perot Museum of Nature and Science.
  • Catch a movie- for free at the Annette Strauss Square in downtown Dallas.
  • Visit the Dallas Arboretum for a day filled with blooms and kid’s activities- and splash frogs!
  • Get cultured and see what’s happening at the Ronald Kirk Bridge. There are weekly events and it’s relatively close to the Bishop Arts District.

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Security Tips

The security of your accounts with us is one of our highest priorities at City CU. Fraud and identity theft attempts are bigger and bolder than ever before. As such, we continuously look for ways to provide increased security for our Members’ daily banking routines. Effective August 1, 2017, ATM cash withdrawals by debit card will be limited to $500 per day.

In addition, City CU urges all Members to observe basic safety precautions and exercise discretion when using an ATM or night deposit facility. Here are some useful tips:

  • Prepare for ATM transactions prior to approaching the ATM or night deposit facility.
  • Retain your receipts, do not lend your debit card to anyone and do not leave your card or any other documents at the ATM or night deposit facility.
  • Treat your debit card the same as cash and keep it in a secure place.
  • Keep your PIN secret and memorize it. Do not give anyone information regarding your card or PIN over the telephone.
  • When using an ATM, place your body in a position to prevent others from observing your PIN when entered.
  • At any ATM or night deposit facility, keep a lookout for any suspicious activity near the facility and make sure all approaches to the facility are well lighted.
  • Conceal cash received from the ATM to the best of your ability and count it after you have left the ATM.
  • If anyone offers assistance while you are operating an ATM, do not accept it. If you have started a transaction, consider canceling the transaction and leaving the ATM location.
  • Compare your receipts to your monthly statement and notify us immediately if you suspect that an error or unauthorized transaction has occurred.

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For any questions, contact us at members@citycu.org or call our Member Service Center at (214) 515-0100 or (888) 324-2328.

Five Ways to Raise Your Credit Score

You’re ready to buy that new car, but your credit score means a payment you can’t afford. Lenders like credit scores over 640 – how do you get there?

  1. Set up payment reminders to pay your bills on time, every time.
  2. Stay below 30% of your available credit card balance.
  3. If you have a low credit limit, ask for an increase. This can help your credit score by reflecting a lower balance owed if it’s over the 30% margin. Remember the credit increase isn’t an invitation to spend (and owe) more.
  4. Limit the number of credit cards you acquire in a short period of time. There’s no point in increasing your debt when you are trying to improve your score or repair debt.
  5. Avoid pulling your credit if unnecessary- think wisely about what you want to purchase within a year. Pulling your credit report multiple times could hurt your credit score.

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We can help you raise your credit score, for free. Visit our financial advisor, D Newkirk to get on the road to that new car. Learn more here.

Blaze through the Summer with a City CU Low-Rate Auto Loan

It’s summertime and everyone is outside, enjoying the pool or cooking out on their new grills– but all you want to do is raise dirt against your new grille, your pick-up’s grille that is. You can blaze through the summer with a low-rate City CU auto loan!

  • Rates as low as 1.99% APR*
  • 90 Days No Payment
  • 60 Seconds to Apply
  • Secure Online Application

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Apply Now

*Annual Percentage Rate (APR). For qualified borrowers only. Rates and terms may change without notice. Advertised rate is for up to a 60-month term. Interest continues to accrue daily. Some restrictions apply. See credit union for details. Federally insured by NCUA.

Is an Annuity Right for You?

First and foremost, what is an annuity? An annuity is a tax-deferred savings contract between you and an insurance company. An annuity helps investors with long-term savings intentions, like your retirement. They are ideal for those that possess larger amounts of money or have a diverse retirement portfolio. So is an annuity right for you?

Here are a few reasons why an annuity could be the right choice for you:

  • No premium limits- otherwise known as contributions. You can pay premiums as much and as many times as you want. (Consider this – do you have that much to spare to make a significant impact to your retirement portfolio? Are you ready to withdraw your 401k or IRA for this investment?)
  • There is no qualification with an annuity; in fact, if you’re not in an Immediate Payout Annuity, there is no IRS reporting.
  • Conveniently, there are many different types of annuities: Fixed Annuities, Variable Annuities, Fixed-Indexed Annuities, Immediate Annuities, Differed Annuities and more.

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So if you’re ready to take the next step towards your financial well-being and want to have a rewarding retirement, think about investing in an annuity.

Learn more about City CU’s Financial Education here.

Sources: https://www.annuityfyi.com/types-of-annuities/

Debt Independence

Are you tired of living paycheck to paycheck? Perhaps you rely too much on your credit cards or depend on payday loans just to get by. City CU can help you break this debt cycle.

  1. Organization is key. Categorize your bills as Essentials; like utility bills, car payment and rent, and as Discretionary; such as credit card bills, cable, gym memberships or eating out. This will allow you to see where your money is going.
  2. Make a choice. Decide which Discretional expenses you can do without- perhaps that unused gym membership or the cable TV you never watch.
  3. Review your investments and insurance premiums. Perhaps a lower deductible or scaling back on your savings temporarily can help pay down debt.
  4. Payoff. Choose the credit card with the highest interest rate and pay it off- even if that means paying the minimum on other credit cards in the meantime.
  5. Look ahead. Think about your future goals and start saving something every pay-period.
  6. Whose life is this? Live within your means to avoid a lifestyle of pretenses, stress and unhappiness.

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For information on our free financial counseling, visit our Education page for details.

Did You Know?

City CU’s mobile app offers convenience and freedom while on-the-go. Getting to know our mobile app helps you manage your accounts successfully. When viewing your account balance, keep in mind that your Current Balance does not reflect pending transactions. The Available Balance is the actual amount available to use after pending transactions have cleared. So rule of thumb while you’re out and about- your Available Balance is… available to spend.

If in doubt, always check your account history. Look for transactions that state pending and subtract those transactions from your Current Balance. You should get the Available Balance as a result.

Mobile-available-balance

Learn more about our mobile app here.

You Asked, We Answered: City CU’s Q&A

How Can I Make a Transfer?

Conveniently, there are many ways to make a transfer with City CU.

If you want to make a transfer within your accounts:*

  • Use City CU’s online banking – set up automatic transfers through your online banking account
  • Chat with us online via Live Chat
  • Call our EasyTeller Automated Phone system at (214) 515-0100 or
    toll-free at (888) 324-2328 (Follow the prompts)
  • Visit a surcharge-free ATM
  • Call us at (214) 515-0100

*If you are transferring from a Savings or Money Market account, the transfer must fall within
Regulation D requirements.

If you want to make a transfer between other City CU accounts or to another financial institution you can:

  • Use City CU’s PopMoney® service
  • City CU’s Bill Pay

If you want to make a wire transfer or need assistance, please contact a City CU Associate via Live Chat or call (214) 515-0100.

Save the Date, We're Celebrating You!

City CU invites you to join us to celebrate YOU on Member Appreciation Day! We’re so excited to show you how thankful we are for your loyal Membership and for allowing us to help make the difference in your financial well-being.

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Join us for food, prize drawings, giveaways and more!

Come to one of our City CU branches from 10am – 4pm to celebrate you:

  • Friday, June 23
  • Thursday, August 24
  • Thursday, October 1