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Money Matters

Your Credit Union Newsletter

Money Matters by Farmers Insurance Federal Credit Union
You are at:»Author: Elyse Hahn

Author Elyse Hahn

Budgeting
Buy Now, Pay Later: The Pros And Cons Of A Growing Financial Trend

In recent years, “buy now, pay later” (BNPL) services have surged in popularity, enabling you to split purchases into smaller, interest-free payments over time. Prominent online providers have made BNPL options available for everything from clothing and electronics to flights and groceries. However, as this modern twist on layaway becomes more prevalent, it’s essential to consider both the pros and cons of buy now, pay later services in relation to your financial well-being. Read more.

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Financial Wellness
The End of the Penny: A Small Coin’s Big Exit

For over two centuries, the penny has clinked in pockets, fallen between couch cushions, and served as a symbol of humble beginnings and lucky finds. But in today’s digital, fast-paced economy, the utility of the one-cent coin is fading — and so is its place in our currency. The end of the penny is on its way, here are a few things to consider as we prepare for this small coin’s big exit. Read more.

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Farmers Agents
Message From Our CEO

Listening is a critical skill. It helps build trust, foster open communication, and offers valuable insights into an organization’s strengths and challenges. Last quarter, I embarked on a Listening Tour, visiting your Credit Union’s branches to meet our Members. Here are some things you shared, and what we’ve done with the information.  Read more.

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Farmers Agents
Navigating Today’s Housing Market: Challenges And Opportunities

As of mid-2025, the U.S. housing market presents a complex landscape for prospective homebuyers. Mortgage rates have seen fluctuations, with the 30-year fixed-rate mortgage averaging around 6.96% as of June 11, 2025.* While this is a slight decrease from earlier peaks, rates remain elevated compared to the historically low rates experienced during the pandemic years. Read more.

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Home Buying
Home Equity Loan vs. HELOC: Which Is Right For You?

Using the equity in your home to pay off unsecured debt or make home improvements can be a difficult financial decision. Low annual percentage rates, tax-deductible interest, and streamlining your monthly payment make second mortgages extremely attractive. However, using your home for collateral is a decision that should be weighed carefully. This blog will cover home equity loans vs. HELOCs and provide information that can help you decide which is right for you. Read more.

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