Certificate accounts offer a safe and dependable way to save money while earning interest over a fixed period. These investment accounts are an excellent refuge for funds that need a temporary home with the promise of a guaranteed return. Read on to learn more about certificate account advantages and disadvantages and whether opening one is right for your portfolio. What Is a Certificate Account? A certificate account is an investment product whereby you deposit money in an account for a fixed period and earn interest. The rate is usually higher than what you’d make in a regular savings account. When the term ends, you get your initial deposit back along… read more »
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How Do Money Market Accounts Work?
Traditional savings accounts are the bedrock of personal finance, providing a safe haven for our hard-earned money. However, in the quest for higher interest earnings and greater flexibility, many people opt to open a money market account (MMA) instead. MMAs combine the best of both worlds and can be an attractive alternative for those seeking stability and potentially higher-yielding interest rates. Read on to learn more about how money market accounts work and if opening one might be right for you. What Is a Money Market Account? A money market account is a type of deposit account that often offers higher interest rates than a traditional savings account. However, MMAs… read more »

6 Steps to Crushing Debt
You and debt are so over. You’ve just about had it with those endless piles of credit card bills and those hideous numbers that never seem to get any lower. It’s time to kiss that debt goodbye! Getting rid of high debt will take hard work, willpower and the determination to see it through until the end, but it is doable. Here, we’ve outlined six steps to help you start crushing debt today. Step 1: Choose your debt-crushing method There are two approaches toward getting rid of debt: The snowball method, popularized by financial guru Dave Ramsey, involves paying off your debt with the smallest balance first and then moving to the… read more »

5 Tips to Jump-Start Your Savings Plan
By GreenPath Financial Wellness It’s human nature. We’re all wired to meet our immediate wants, whether it’s indulging in a tempting bowl of ice cream, spending more time than we planned to scroll through social media, or treating ourselves to an impulse purchase. Unplanned expenses or emergencies are other common life events. A car or house repair, or even a weather-related emergency, can make a dent in our budget. Whether it’s the struggle of delaying immediate rewards for greater benefit in the future, or an unexpected expense, people looking to build a successful savings habit often run up against these very human challenges. To help manage these realities, here are five tips… read more »

How to Shop for a Mortgage
For many people, the hardest part of the home-buying process isn’t finding the perfect home. It’s the process of knowing how to shop for a mortgage. If you’re unsure where to start or have no idea how to get one, we’re here to help! Our homebuyer’s guide will take you through every step so you’ll know exactly what to expect from the moment you start house-hunting through closing day. Prepare First During the application process, our Mortgage Lending Team will review your financial history. Get a head start by eliminating as much debt as you can before you apply. Plan to pay off any loans of high amounts such as… read more »

Home Improvements for Building Equity in Harrisburg, PA
Locals know there’s nothing minor league about our state capital, Harrisburg. Known as a “small city with a big city feel,” Harrisburg remains a magnet for singles, young families, and retired couples—keeping the local property market hot even as prices cool elsewhere. That long-term value is great news for local homeowners. Continuously strong real estate prices mean you can swing big on home improvements, knowing every dollar you spend on upgrades will be well worth it. Let’s look at how to build equity in your home by making smart choices about home improvements. Choosing Home Improvements That Build Equity Even if you’re not considering selling anytime soon, home improvements and… read more »

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

What Higher Mortgage Rates Mean for Buyers Now
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 »

Benefits of Debt Consolidation
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
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 »