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Belco's Online Banking

Archive for the ‘Uncategorized’ Category

American Banker names Belco CEO to 2022 Most Powerful Women in Credit Unions list

access_time Posted on: November 10th, 2022

HARRISBURG, PA (November 9, 2022) – Belco Community Credit Union, President & CEO, Amey Sgrignoli has been selected by American Banker as one of its 2022 Most Powerful Women in Credit Unions. “The inaugural Most Powerful Women in Credit Unions honoree list recognizes the women who are driving innovation and inclusion in this very unique segment of the financial services industry,” says Daniel Wolfe, Content Director at American Banker. “These are proven mission driven leaders who value their members, employees and positive workplace experiences as much as their business goals.” Nominations for the program were open to any women leaders who are primarily employed at a credit union. Applications were… read more »

A couple talking with a real estate agent at an open house about higher mortgage rates.

What Higher Mortgage Rates Mean for Buyers Now

access_time Posted on: June 28th, 2022

The Fed’s aggressive rate hike at the beginning of May has reshaped the real estate landscape. Let’s take a look at what higher mortgage rates mean for homebuyers. Silver Linings: Higher Mortgage Rates Might Not Be All Bad Everyone knew it was coming and now it’s here: the Federal Reserve’s rate hike in May was the sharpest in 22 years. At first glance, the move is bad news for would-be homebuyers, signaling an end to rock-bottom mortgage rates, but there are some glimmers of hope for those struggling to get into the nation’s overheated housing market. More Expensive Money Mortgage rates have been rising since the start of the year… read more »

A couple reviews their monthly loan payment after learning about the benefits of debt consolidation.

Benefits of Debt Consolidation

access_time Posted on: January 19th, 2022

If you have several credit cards and other forms of debt, you may be struggling to stay on top of all your monthly payments. Consolidating your debt into one convenient place is a great way to save money and reduce stress.  Another benefit of debt consolidation is that it can help you get your finances in shape so your credit score gets a boost. Read on for more details about how debt consolidation can work in your favor. Lower Monthly Payments If you use a financial tool like a personal loan to consolidate your debts, the monthly payment might be less than all your other payments combined.  Here’s what to… read more »

Benefits of Choosing a Credit Union

access_time Posted on: November 9th, 2021

One of the most important decisions a person makes is which financial institution they want to utilize. Many individuals choose large banks because they are well known and it’s “just easier”, but is this the right decision? A recent Gallup poll found that as many as 74% of Americans had “some or very little confidence” in banks, while only 10% said they had a “great deal” of confidence. As a credit union member, you can expect to have a much more rewarding and meaningful experience. Because credit unions are member-owned and not-for-profit, they are more attuned to the needs of their members and communities, and are not driven by investors… read more »

Business Mistakes

5 Mistakes Business Owners are Making in 2021

access_time Posted on: June 14th, 2021

2020 was a difficult year for everyone, especially the small business owner. A survey from the Federal Reserve Bank suggests that 30% of small businesses in the United States will not survive 2021. As a result, this has been the most trying time for small business owners since the Great Depression. Knowing this, small businesses cannot afford to make simple mistakes. Owners must truly look at their business from a holistic perspective. Evaluating your business resources and goals will help to eliminate the mistakes that are most common by business owners. Here are 5 mistakes that many business owners are making in 2021. Not having a plan Every business needs… read more »

How can You be Financially Fit Rightnow?

access_time Posted on: October 2nd, 2020

Are you ready to stretch those financial fitness muscles? We hope so, because it’s time to get financially fit! Being financially fit means living a life of complete financial responsibility. The Center for Financial Services Innovation (CFSI), also known as the Financial Health Network, defines four basic components of financial health: Spend, Save, Borrow and Plan. These components reference everyday financial activities. Therefore, Every choice you make in terms of these four activities either builds or detracts from your financial fitness. Like physical fitness, you can beef up those fitness muscles a little bit more each day. Being financially fit is crucial for a well-balanced, stress-free life. Here’s why (and how):… read more »

6 Bad Reasons to Refinance Your Home Loan

access_time Posted on: September 17th, 2020

With interest rates trending downward over the last several months, refinancing is all the rage. For many, refinancing an existing mortgage to a home loan with an interest rate that’s lower than their current rate, could hack hundreds of dollars off their monthly payment. This can easily add up to thousands of dollars in saved interest paid over the life of the loan. However, refinancing is not always a good idea. Here are six bad reasons to refinance a home loan. 1. To extend the term of the loan Refinancing a mortgage with a lower interest rate can save you money each month, but be sure to look at the… read more »

a first-time car buyer smiles from the driver's seat of her new vehicle

Planning Guide for a First-Time Car Buyer

access_time Posted on: September 11th, 2020

Buying a car for the first-time is a journey, and it can be a bit daunting. To make the process as easy to navigate as possible, consider following the pointers listed below. Before Car Shopping Before you begin shopping for a car, it’s worth taking the time to do some preparation. In particular, you’ll want to make sure you’re in a good financial situation to handle the cost. Determine your budget Your budget is the first item you should look at, particularly concerning how your monthly income compares with your existing financial obligations. Typically, it’s best to see that your car loan payments are no higher than 10% of your… read more »

Payday Loans: Not As Cheap As You May Think

access_time Posted on: September 3rd, 2020

“Payday loans,” which are also called cash advance, check advance and post-dated check loans, have become increasingly popular for fast cash. All a consumer needs in order to obtain a payday loan is employment, a utility bill, a checking account and a driver’s license. The borrower writes a personal check payable to the lender for the amount he or she wishes to borrow, plus a fee, which is typically in the range of 10% to 25% of the amount. That check is held for up to four weeks. At that time, the check is redeemed by the borrower by paying the face amount of the check or allowing it to… read more »

What’s the Best Way to Use a Home Equity Loan?

access_time Posted on: August 31st, 2020

Q: With interest rates falling and home prices rising, it seems like a great time to tap into my home’s equity using a home equity loan. What’s the best way to use these funds? A: A home equity loan can be a fantastic way to source extra funds during a falling-rates environment. Tapping into your home’s equity, or the positive difference between what is owed on a home and its current value, will give you the funds you need for a large expense with no additional strings attached. With interest rates on a Belco Community CU Home Equity Loan starting at just 3.49% APR*, the repayment plan is always affordable. If… read more »

Please be aware of fraudulent text messages targeting Belco members. We have received several reports of members receiving messages that appear to be from Belco. THESE MESSAGES ARE NOT FROM BELCO COMMUNITY CREDIT UNION. If you receive a message claiming to have a hold on your account, DO NOT click the on the link. Delete the message and block the number.