The KCCU Blog
As the calendar turns and a new year begins, many of us set resolutions focused on health, happiness, and personal growth. This year, consider adding financial fitness to your list. According to the Pew Research Center, 40% of adults describe their current financial situation as fair, 17% as poor, and 28% expect their financial situation to worsen. Consequently, it is important to focus on developing a plan to keep your finances in check. Just like physical wellness, financial wellness is built through consistent habits, informed decisions, and the right support system. At KCCU, we believe a financially fit life helps you focus on what matters most.
What is Financial Fitness?
Financial fitness means having the knowledge, habits, and confidence to manage your money effectively. It’s about living within your means, preparing for the unexpected, and planning for your future—without constant stress. Whether you’re just starting out or refining your financial strategy, small steps can lead to big improvements.
Start with a Financial Check-Up
A new year is the perfect time to assess where you stand. Review your income, expenses, savings, and debt. Creating or updating a budget helps you see exactly where your money is going and where adjustments can be made. In return, you’ll start to feel much more in control of your finances. In the words of Dave Ramsey, “A budget is telling your money where to go instead of wondering where it went.” Think of it as your financial baseline for the year ahead.
Set Realistic, Achievable Goals
Instead of vague resolutions like “save more money,” aim for specific, measurable goals:
- Build or strengthen your emergency fund
- Pay down high-interest debt
- Save for a vacation, home, or major purchase
- Increase retirement or long-term savings
Clear goals keep you motivated and make progress easier to track.
Build Strong Financial Habits
Consistency is key to financial fitness. Automate savings, pay bills on time, and review your accounts regularly. Even small, regular contributions to savings can add up overtime. Developing these habits now can set you up for long-term success.
Use KCCU Tools and Resources
At KCCU, we’re here to support your financial journey. From savings accounts designed to help you grow your money to loans with competitive rates and personalized guidance, our team is committed to helping you make confident financial decisions. Along with our services designed to improve financial fitness, we offer a wide array of tools to help you become more knowledgeable and shape the steps you want to take next:
Financial Management & Learning Tools: KCCU partners with Zogo Finance, a gamified financial education platform that teaches money skills in bite-sized lessons. Members earn rewards like gift cards as they complete modules on topics from budgeting and saving to credit and retirement. This makes learning about money fun and rewarding.
There’s also Zogo Classroom, a platform tailored for educators to teach financial literacy to students — helping cultivate strong money habits early.
Calculators and Planning Tools: KCCU offers online financial calculators such as mortgage calculators, auto loan payment calculators, budget calculators, saving calculators, and more, that help members project outcomes and make informed decisions — for example:
- How much you’ll pay monthly on a loan
- How long it will take to pay off debt
- What your savings could grow to over time
- Mortgage and payment comparisons
These tools can help you map a path to your financial goals and better understand the impact of your choices.
Digital Banking: It’sMe247 Online Banking allows members to check balances, transfer funds, view statements, apply for loans, schedule automatic transfers, set up alerts, and much more — all from home or on the go.
The KCCU Mobile App puts full banking control in the palm of your hand. You can view account details, make mobile deposits, pay bills, transfer funds, apply for loans, and even control your debit/credit card settings.
These tools help members stay on top of their finances daily — a key part of financial fitness.
Credit Score Insights: Through SavvyMoney, KCCU members can access credit score information and educational resources to understand and monitor their credit — an important part of financial health.
Practical Support Tools: KCCU also provides forms and resources to help members efficiently manage their accounts and services — such as setting up direct deposit or automatic payments or loan payment instructions — so that transactional tasks don’t become barriers to staying financially organized.
Why This Matters for Your New Year’s Resolution
Financial fitness is more than saving; it’s about learning how to make smart financial decisions, tracking progress, and having the tools to act confidently toward your goals. KCCU’s suite of digital banking tools, educational platforms, calculators, and credit-building resources help you take control of your money and build habits that stick.
Make This the Year You Feel Financially Strong
Financial fitness isn’t about perfection, it’s about progress. This New Year, take control of your finances, one step at a time. With the right mindset and a trusted partner like KCCU by your side, you can make this your most financially fit year yet.
Ready to get started? Visit KCCU or connect with our team to learn how we can help you turn your financial goals into reality.
Kellogg Community Credit Union (KCCU) successfully concluded its annual holiday toy drive, helping ensure local children could experience the joy and excitement of the holidays. This year marked the 23rd consecutive year KCCU has proudly supported children in need through this meaningful tradition.
KCCU collaborated with the Salvation Army's Angel Tree program at its Battle Creek, Kalamazoo, and Grand Rapids branches. The Three Rivers branch and Schoolcraft branch partnered with the St. Joseph County United Way to support local foster children, while the Marshall branch worked alongside There's Enough. Thanks to the incredible generosity of KCCU members and staff, more than 800 toys were collected. These donations will make a lasting difference for many families and bring holiday cheer to children throughout the communities KCCU serves.
"The holidays are truly a magical time for children, but for many families, this season can also bring financial stress," said Tracy Miller, CEO of KCCU. "That's why this toy drive is so important to us - it allows us to come together as a credit union and as a community to help ensure every child can experience the joy and excitement of the season, while giving financial relief to those who need it most. Seeing the generosity of our members, team, and community partners year after year is incredibly heartwarming, and we are deeply grateful to everyone who helped make the holidays brighter for so many local children and families."
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Kellogg Community Credit Union, headquartered in Battle Creek, Michigan is a full-service financial institution serving people who live, work, worship, or attend school in the state of Michigan. With $951 million in assets, KCCU proudly serves over 55,000 members in Michigan, with branches in Battle Creek, Marshall, Kalamazoo, Portage, Richland, Grand Rapids, Schoolcraft, and Three Rivers. A community leader since 1941, KCCU consistently outperforms other financial institutions with outstanding service satisfaction ratings and a long history of growth. For more information, please visit www.kccu4u.org. Connect with KCCU on Facebook, Instagram, and LinkedIn.
KCCU is proud to announce they have been honoured for the third consecutive year as one of America's Best Credit Unions in 2026 by Newsweek, placing them in the top 500 credit unions in the nation!
This award recognizes KCCU's strong community impact and commitment to their vision of "providing financial opportunity, choice, and lifelong value to our members and our community."
Newsweek, in partnership with the market research firm Plant-A Insights Group, assessed over 8,800 banks and credit unions, obtained feedback from 66,000 U.S. customers, and evaluated over 82 million online reviews. In their results, they spotlighted the top 500 credit unions in the United States on Newsweek.com, and KCCU is honored to be named on this list! Credit Unions were highlighted in their own category as being recognized that they were a financial cooperative owned by their members.
Plant-A Insights Group based their assessment on factors of the financial institution's profitability, lending activity, overall financial health and stability, operational performance, and reputation.
"We are honored and thrilled to receive the American's Best Credit Union award from Newsweek for the 3rd year in a row! This award reflects our unwavering commitment to delivering exceptional value and service to our members, so they are empowered to achieve their financial goals," said Tracy Miller, CEO of KCCU. "We are deeply grateful for the dedication of our team and the continued trust and loyalty of our outstanding members."
"More than financial service providers, credit unions are community partners, showing up in neighborhoods, participating in local initiatives and helping strengthen the connections that bind their members together," said Jennifer H. Cunningham, Editor-in-Chief of Newsweek.
You can find more detailed information on Newsweek's website, America's Best Regional Banks & Credit Unions 2026.
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Kellogg Community Credit Union, headquartered in Battle Creek, Michigan is a full-service financial institution serving people who live, work, worship, or attend school in the state of Michigan. With $951 million in assets, KCCU proudly serves over 55,000 members in Michigan, with branches in Battle Creek, Marshall, Kalamazoo, Portage, Richland, Grand Rapids, Schoolcraft, and Three Rivers. A community leader since 1941, KCCU consistently outperforms other financial institutions with outstanding service satisfaction ratings and a long history of growth. For more information, please visit www.kccu4u.org. Connect with KCCU on Facebook, Instagram, and LinkedIn.
Throughout the winter months, you’re either saving up for holiday gifts or trying to recover from them. Financially, things might feel a bit tighter than usual, especially with ever-rising prices on just about everything. While winter gives you a good excuse to stay in and save money, it’s completely normal to feel bored and at a crossroads. Do you hibernate all winter to save cash, or do you splurge on $100 ski rentals at Boyne for one day of fun?
Luckily, KCCU is here to remind you that finding cheap winter activities in Michigan doesn’t have to be stressful. Whether you’re looking for fun with the whole family or planning something with friends, there’s plenty to enjoy during the Mitten’s snowy season.
Outdoor Activities
1. Peabody Ice Climbing - Looking for a chilling, adventurous experience that makes you feel like you’re on top of the world? Peabody Ice Climbing in Fenton, MI offers the chance to climb their 45-ft and 75-ft ice towers—perfect for both beginners and experienced climbers. It’s fun for the whole family, and day passes are $25 per person (rental gear not included).
2. Echo Valley - Get ready for a day full of excitement with Echo Valley’s snow tubing, tobogganing, and ice skating all for $25! Located in Kalamazoo, MI, you can experience sledding at a whole new level with quarter-mile toboggan runs that reach speeds of up to 60 miles per hour. If you’re looking for a longer ride, enjoy the tubing hill with a paved and heated walking path, or go ice skating throughout the park. No matter what you choose, you’re guaranteed to make warm winter memories.
3. Christkindl Market - From November 19th through December 23rd, Grand Rapids is hosting its third annual Christkindl Market. Explore a wide variety of delicious food, drinks, handmade gifts, and more, with 60+ vendors in attendance. Even if you’re not looking to buy anything, the Christkindl Market offers a warm, scenic, and festive environment to stroll through and enjoy.
4. Millennium Park - If you’re looking for an affordable place to ice skate, head to Millennium Park in Kalamazoo, MI. Admission is just $5, and skate rentals are $3. Enjoy being outdoors while taking in the city’s lively winter atmosphere.
5. Flurry of Fun - Held in Kalamazoo in February, Flurry of Fun is packed with winter activities at absolutely no cost. Enjoy a hot chocolate station, s’more station, mobile library, storytelling tent, winter golf, winter obstacle courses, snow toss, and more. It’s the perfect opportunity to bring your little ones for a magical day they won’t forget. More information on dates and pre-registration will be available in January.
6. Winter Wanderland - Downtown Battle Creek is hosting the Winter Wanderland event on December 6th from 2:00 p.m.–8:00 p.m. Explore the city while enjoying free horse-drawn wagon rides and a mini Polar Express train. You’ll also find holiday markets and artisan vendors throughout the event.
Indoor Activities
1. Crafting for Adults - If you’re searching for a warmer, lighthearted activity, Willard Library in Battle Creek, MI offers adult craft nights. They feature a variety of projects, one of them being a chunky-yarn snowman. Stay updated on their website as well as All Events – Battle Creek to see what’s happening throughout the winter.
2. Kalamazoo Institute of Arts (KIA) - Enjoy free general admission on Thursdays at the Kalamazoo Institute of Arts. Stop in to browse beautiful artwork ranging from paintings and ceramics to photographs, prints, and sculptures.
3. Improv Night - Get your giggles in this winter at Crawlspace Comedy Theatre in Kalamazoo, MI. On December 12th, Crawlspace is hosting an improv night for $15 per ticket.
4. Winter Book Swap - Visit Sit & Stay Winery on December 4th in Kalamazoo, MI for a cozy evening of reading, delicious wine and food, and friendly conversation. The winery offers a warm, welcoming environment—perfect for a low-cost night out.
5. Trivia Night - Test your knowledge for free at LFG Gaming Bar in Kalamazoo, MI. Trivia Night takes place every Wednesday at 7:00 p.m., making it the perfect mid-week pick-me-up. Bring friends or family to team up—or spark some friendly competition!
6. Marshall Indoor Flea Market - If you’re big into flea markets but not into cold weather, Marshall’s indoor winter flea market is calling your name! Browse local produce, baked goods, and artisan shops as a refreshing morning activity. Admission is free, so it’s entirely up to your budget how much you spend on goodies and gifts.
No matter which activities you choose this season, KCCU hopes you—and your wallet—stay cozy all winter long. Happy holidays from KCCU!
Kellogg Community Credit Union (KCCU) is proud to kick off our annual toy drive, bringing joy to children who might otherwise go without a gift during the holidays. Now in its 23rd year, KCCU continues this heartwarming tradition of collecting toys and gifts for local children in need.
This year, all KCCU branches are excited to support local organizations dedicated to bringing holiday joy to children of all ages - from infants to teens. We invite our members and the community to join us by donating new toys and games for kids up to 17 years old. For our teenage recipients, gift cards make a wonderful choice, giving them the chance to choose something special from their own wish list.
Donations can be dropped off at any KCCU branch from November 10th through December 13th, 2025. Please remember to keep the donated gifts unwrapped. By contributing a gift, you can help brighten a child's holiday and bring the joy of the season to families across West Michigan!
"At KCCU, the holiday season is a time to reflect on the importance of generosity and community," shared Tracy Miller, CEO of KCCU. "We are honored to once again host our annual toy drive, helping to bring joy and hope to children and teens during this special time of year. We invite our members and the broader community to join us in making a meaningful difference - together, we can help ensure the season is brighter for those who need it most."
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Kellogg Community Credit Union, headquartered in Battle Creek, Michigan is a full-service financial institution serving people who live, work, worship, or attend school in the state of Michigan. With $925 million in assets, KCCU proudly serves over 54,000 members in Michigan, with branches in Battle Creek, Marshall, Kalamazoo, Portage, Richland, Grand Rapids, Schoolcraft, and Three Rivers. A community leader since 1941, KCCU consistently outperforms other financial institutions with outstanding service satisfaction ratings and a long history of growth. For more information, please visit www.kccu4u.org. Connect with KCCU on Facebook, Instagram, and LinkedIn.
The temperature is dropping, the leaves are falling, and the snow is on its way. These are all tell-tale signs of fuzzy sweaters, hot cocoa, and most of all, the holidays. The holiday shopping season is close to being in full swing. If you’re wondering how you’re going to pay for this frenzy of shopping while keeping your checking account in the black, you’re not alone.
The most important thing to remember is to plan ahead: Have a set spending amount for gifts, wrap, entertainment, donations, and travel.
Make a list and check it twice
If your finances are tight you might have to evaluate your gift-recipient list to stay in budget this year. Once you trim your list, make a holiday treat or handmade token for those who got the cut. It really IS the thought that counts.
Once you have your list complete, figure out a realistic amount to spend on each person. Jot down a couple of gift ideas in your price range for that person.
Try a budgeting app like Mint to keep your spending in check. You can use Mint for regular monthly budgeting, but it also allows you to allocate more funds for holiday purchases. Using graphs and reports, it shows how much you’ve spent and how it will affect your budget in the months to come.
The iSpending app uses charts to show your expenses and how much you have left to spend, while CashTrails allows you to separate your normal expenditures from special purchases like holidays and travel.
Shopping
Most people want to avoid crowds, so they may hit stores earlier in the season or shop online. Retailers are well aware of this trend and are offering pre-Black Friday sales and discounts.
Spreading out your holiday shopping over several weeks also makes it easier on your budget. Always shop with a list and keep track of your spending. As you buy your gifts, subtract from your total budget.
In addition to shopping the sales and collecting coupon codes for online purchases, know when to buy. December is the best time to buy cars, appliances, winter clothing, and electronics. Also, know how much items cost before a markdown to know if you’re really getting a deal.
If you’re shopping online, order early and expect delays in shipping. Increased shopping during the holidays will affect already-strained delivery companies. To avoid shipping delays and higher shipping costs, shop at stores that offer “buy online, ship to store” service. This service is free at most retailers, some of which offer curbside pickup.
Get the best deals on cards, decorations and gift wrap during the days right before and after Christmas. Discounts of up to 75% off can shave a lot off your holiday budget for next year.
Entertaining
The best part about the holidays is getting together with your loved ones to enjoy each other’s company, which of course, can still be just as delightful when following a budget. If you’re hosting guests, keep costs down by asking everyone to bring their favorite side or dessert and include festive recipe cards with the chef’s name.
Use DIY decor featuring natural items, like holly and pinecones. Gather the kids and go on a hike to find outdoor holiday decorations. Not only will it save you money, but it will also give you some stress-free outdoor time with your family.
Travel
If you must travel home for the holidays, don’t forget to figure in other incidentals beyond gasoline and the cost of a plane ticket.
If you’re traveling by car, gas prices have luckily seen a steady dip. Still the GasBuddy app can help you find the best prices for gasoline wherever you are. Don’t forget to figure in tolls and any emergency costs that may come up.
If you’re flying, consider baggage fees, parking and shuttle costs and the expense of ground transportation once you arrive.
And don’t forget Fluffy! You’ll need to pay someone to take care of your furry friends. The Rover app can help you find pet care options near your home.
Charitable giving
The holidays are a time for goodwill toward all. But if your budget cannot accommodate a monetary donation, volunteer your time. If you can make a financial donation, be sure to check that the charity you are supporting is legitimate.
Keep your holiday dollars in check, and you may have some holiday spirit left over even after the last elf is packed away and the January bills start rolling in.
We at KCCU wish you all a happy, healthy and stress-free holiday season!
On October 16th, we celebrate International Credit Union Day - a time to recognize the vital role credit unions play in supporting their communities and helping individuals achieve their financial goals. For 77 years, this day has honored credit unions for their commitment to people over profit, offering personalized service, financial empowerment, and genuine responsiveness to members' needs. As we mark the milestone anniversary, we acknowledge the impact credit unions continue to have across the country in advancing financial literacy, inclusion, and building stronger, more resilient communities.
History of Credit Unions
The idea of credit unions first began in Germany during the 1850s, where early models were created to provide various financial services to communities that were excluded from traditional banking systems. Pioneers such as Friedrich Willhelm Raiffeisen and Hermann Schulze-Delitzsch were a key part of creating cooperative financial institutions that accentuated self-help and community collaboration. These institutions went against the practice of usury and aimed to provide affordable loans to rural and urban populations.
In North America, Alphonse Desjardins founded the first credit union in Canada called Caisse Populaire de Lévis in 1900. Consequently, this model inspired the first credit union in the United States, St. Mary's Cooperative Credit Association, in 1909, located in Manchester, New Hampshire. Desjardins sparked innovative groundwork for credit unions in America, further pushing for cooperative banking among local communities.
Credit Unions began to flourish with the Federal Credit Union Act of 1934, which provided a legal framework for federal credit unions and granted access to operate across state lines. This legislation was a key component in expanding credit unions and further ensuring their reliability during economic hardships, such as the Great Depression.
During the 20th Century, the seeds of credit unions blossomed from small, community-focused organizations into significant figures in the financial landscape, allowing them to serve millions of members. Credit unions became known for prioritizing their members by offering lower fees and better interest rates compared to traditional banks. Additionally, industrial unions contributed to the establishment of credit unions fitted for the financial needs of workers in various industries.
Credit Unions and Banks - The Difference
You may be wondering what makes a credit union stand out compared to a bank. While they're both financial institutions, there are various components that set them apart. For starters, credit unions are non-profit institutions owned by their members, while banks are for-profit institutions owned by shareholders. This leads to a difference in services, fees, and interest rates. Since credit unions are owned by members, any profits are returned to members through lower fees and better interest rates on loans and savings accounts. Conversely, since banks are for-profit, either privately owned or publicly traded, they aim to maximize profits for their shareholders. This can lead to higher fees and lower interest rates on savings accounts.
Furthermore, credit unions often emphasize community involvement and customer service, leading to a more personalized financial experience. Banks may also engage in community efforts, but their primary focus remains on profitability and shareholder returns.
How to Celebrate International Credit Union Day
If you want to join the fun and celebrate International Credit Union Day, there are several ways to contribute your support:
1. Talk about your credit union experience: Share your stories and successes you've had with your credit union through word of mouth, social media, or online reviews. This will inspire others to explore what financial options they have.
2. Promote financial literacy: Support financial education through sharing knowledge and resources with others, especially the youth, to empower them with financial skills.
3. Join KCCU on October 16th at your favorite branch for Credit Union Day and grab some giveaway items and refreshments! We invite everyone to join us for this celebration, as it recognizes our team for their dedication as well as our members who inspire us to strive for community cooperation and financial well-being every day. We hope to see you there!
Happy International Credit Union Day!
Looking to buy a new car, home, or just wanting to take a trip somewhere to escape from the cold weather, but it feels unattainable? Or maybe you're wondering, where is all my money going? Saving your money can often feel like running on a hamster wheel - you're trying to get somewhere but staying stagnant at the same time. Luckily, this month is all about savings and what you can do to better prepare yourself financially for the future. Financial Planning Month provides the opportunity to assess what you're really spending your money on, what you can do to cut costs, and how you can create simple plans that add up over time.
Additionally, with holidays right around the corner, giving yourself a month to analyze and prepare for the upcoming season sets an ideal timeline to establish new goals and review your finances.
How to Get Started
There are simple ways to cut back on spending, and as we all know every dollar counts. Making small steps toward a better financial state will result in making better financial decisions in the future. It gives you the ability to practice the art of responsibility and thinking ahead.
Make it a Challenge Without being a Challenge
When it comes to saving money, why not make the challenge creative and fun? The 100 envelopes savings challenge asks you to take a certain amount out, whether it be $25, $50, or $100, from each paycheck and store it in an envelope for a certain amount of time. If you store your money away in small amounts, you'll have a second savings in no time. Normally, it shows the amount of money that should be saved by the time the challenge is done, and voila! You have a few thousand dollars to put towards that dream vacation you've been dying to take.
Or take advantage of our Save to Win saving account! This unique account combines the benefits of a regular savings account with the exciting opportunity to win big! For every $25 deposited into your Save to Win account, you earn an entry into monthly, quarterly, and annual cash prize drawings.
Additionally, there are various challenges that can spice up saving money, one being a group effort. Have your friends or family join you in creating a goal amount to save up by a certain date. This turns saving money into a fun and friendly competition that gives motivation and accountability. After all, who doesn't like a little competition?
Join a Trade & Swap Group
The old barterting system is still alive today and promotes a sustainable lifestyle all the while saving money on things you desire. There are groups you can participate in within your local or online communities that allow you to trade things you no longer need for things you want. You're basically receiving free stuff and cleaning out your space of unnecessary items at the same time. That's what we call a win, win!
Cut Back on Social Media
Believe it or not, reducing your screen time actually helps save money. These days, the internet is filled with targeted advertising, and the seemingly cheap items on your Amazon wishlist add up quicker than you think. However, if you are an avid social media user or enjoy your online shopping, there are ways to still use both while managing your savings:
1. Set a budget for online shopping so that you can still enjoy spending while not breaking the bank.
2. Mute accounts that tempt you to make impulsive purchases. This helps reduce the urge to use an all-too convenient site for buying items.
3. Curate your feed to align with your goals, such as muting tempting accounts while following content that encourages financial responsibility.
4. Get rid of unused subscriptions. Look at how much money is being taken out of your account each month and where it comes from. After all, three unused subscriptions at $10 a month are $360 a year you could be saving.
See Where all the Green Goes by Evaluating and Budgeting
It might feel like you don't spend your money on a lot, but everyone has guilty pleasures in life that can lead to your bank account hurting. For instance, the iced coffee that you grab every morning might not seem like a big deal, but do the math for a year, and you'll start to see what you could be cutting out for a cheaper alternative. During the month of October document everything you spend, so you can see where your money goes and then using that information you can create a budget to help you save in the future.
Meet with a Financial Consultant
At KCCU, our investment team is prepared to meet you where you are, addressing your specific needs and financial goals. If you're looking to secure yourself financially in the long run, our financial consultants are here to help you get on the right path to ensure that you can feel secure in your financial position and future. When it comes to our members, we strive to work side by side to build a desired financial lifestyle.
There are many avenues to take when it comes to planning out your financial goals and saving money. As stated, planning for a desired financial position can seem daunting, but the sooner you focus on your future, the more stabilized your future will be. Our team at KCCU is rooting for you this month, and we hope that you succeed in what you seek. Happy Financial Planning Month!
Kellogg Community Credit Union (KCCU) is thrilled to announce the winners of its recent home equity promotion, OMG (Oh my gosh) My Home Equity Loan is Free? Raffle. The Raffle ran from June 1 - August 31, 2025. Everyone who opened a new fixed rate home equity loan or home equity line of credit of $20,000 or more were automatically entered into the drawing for a chance to have their loan paid off, up to $25,000.
KCCU members, Melanie & Clint have been named the winners of the 2025 OMG! My Home Equity Loan is Free? Raffle! A celebration took place at KCCU's B Drive Branch in Battle Creek, where team members gathered to congratulate the long-time members. Melanie and Clint were stunned when they received the surprising news—and even more so when they saw the check made out in their name.
"When the KCCU team called us to let us know we had won, we couldn't believe it happened to us," said Melanie. "It is a huge blessing for sure. To be able to pay off our loan sooner than expected is really exciting. We are so grateful to have won this!" She continued, "KCCU has always gone above and beyond for us to make our dreams come true. We've purchased homes that needed remodeling and presented challenges, and the lenders always got us what we needed when we needed it. KCCU has always been so good to us."
"We always look forward to our 'OMG!' Raffle with great excitement," said Tracy Miller, CEO of KCCU. "It's incredibly rewarding to give one of our members up to $25,000 to put towards paying off their loan. Seeing their reaction when they walked through the doors to claim their prize was unforgettable. Moments like these truly remind us why we do what we do at KCCU. We're proud to support our members on their financial journeys and honored by the trust they place in us. Being able to make a meaningful difference in our members lives is what it's all about."
To check out the video capturing the surprise, visit KCCU's website, www.kccu.org.
Photo caption: Pictured are KCCU Team members celebrating with OMG! Raffle winners, Melanie and Clint, who are in the center holding the prize check.
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Kellogg Community Credit Union, headquartered in Battle Creek, Michigan is a full-service financial institution serving people who live, work, worship, or attend school in the state of Michigan. With $931 million in assets, KCCU proudly serves over 54,000 members in Michigan, with branches in Battle Creek, Marshall, Kalamazoo, Portage, Richland, Grand Rapids, Schoolcraft, and Three Rivers. A community leader since 1941, KCCU consistently outperforms other financial institutions with outstanding service satisfaction ratings and a long history of growth. For more information, please visit www.kccu4u.org. Connect with KCCU on Facebook, Instagram, and LinkedIn.
Do you ever feel like managing your money is a full-time job? Between paying bills, remembering due dates, and waiting in line to deposit checks, it's easy to feel overwhelmed. Fortunately, there's a simple solution that can save you hours every month and reduce financial stress: automating your payments and deposits. Let’s break down how this works.
What are Automatic Payments and Deposits?
Automatic payments and deposits are financial tools that allow money to move in and out of your account without you having to manually do anything each time. These systems use your bank routing number (a nine-digit number that identifies your bank) and account number (your personal bank account) to securely move money.
With these two numbers, you can:
· Set up direct deposit of your paycheck, government benefits, or other regularly scheduled deposits.
· Quickly move money from payment systems such as Venmo, PayPal, Cash App, etc. to your account.
· Authorize automatic bill payments for utilities, rent, loans, subscriptions, and more.
How to Set Up Automatic Payments and Deposits
Whether you want your paycheck to go directly into your account or have your gym or utility bill automatically deducted from your account, all you need is KCCU’s routing number and your full account number.
KCCU’s routing number is 272476734. Our routing number can be found on multiple locations on our website, including in the footer, on the Contact Us page, and within online banking.
Your full account number can be obtained by stopping into a branch or by conveniently accessing it within your secure online banking account. To view your full account number from online banking, follow these easy steps:
1. Log into online banking.
2. Go to the main “Account Summary” screen.
3. Find the account you want the account number for, then click on the three dots (…) to the right of your balance.
4. Select “Account Details” from the menu options.
5. On the next screen, click the “More Account Details” button and your full account number and the routing number will be in the “Account Information” section.
Tips for Managing Automated Finances
- Timing is important: Payments coming into your KCCU account via ACH can take a few days to process, so check your balances before spending. KCCU does accept Real-Time Payments (RTP), a U.S. payment system that allows funds to move instantly between domestic financial institutions. KCCU is currently able to accept incoming RTP, but members cannot send funds via RTP from their KCCU accounts. To see if a payment is coming via RTP, check with the vendor who is sending the payment.
- Keep a Buffer: Maintain a cushion in your account to cover unexpected charges.
- Check Monthly Statements: Automation isn’t “set and forget.” Stay aware of your transactions.
- Use Alerts: Set up low balance alerts or payment confirmations with your bank.
Final Thoughts
Automating your finances might be the simplest way to buy back your time, reduce stress, and take control of your money. All it takes is a few pieces of information and a little setup time.
For most Americans, retirement is a sought-after dream that offers the ability to break free from financial worries and instead focus on enjoying the world around them. It could look like buying a condo somewhere sunny or just kicking your feet up on a reclining chair to soak in some relaxation. No matter what retirement looks like for you, it’s necessary to plan ahead of time to ensure that your retirement savings align with your dreams and goals.
National 401(k) Day, September 5th, serves as an opportunity to check your retirement reserves and get started on planning an ideal future. While most employers offer a 401(k) plan, less than half of Americans choose to invest. It might seem daunting to set aside cash from your paycheck, because most individuals want their full check upfront, but investing in a 401(k) plan means investing in your future self.
History of 401(k) Day
The 401(k) plan stemmed from the Revenue Act of 1978. An arrangement was made to allow employees to postpone compensation from stock options and bonuses without immediate taxation. This condition was listed in Section 401(k) of the Internal Revenue Code, which was designed to limit tax-advantaged profit-sharing plans that, in return, would result in benefiting executives. However, Ted Benna, a benefits consultant, saw the potential of this provision to create expansive retirement savings for employees. In 1980, Benna implemented the first 401(k) plan for his company, The Johnson Companies.
In 1996, National 401(k) day was established by the Profit Sharing/401(k) Council of America. The holiday was created to raise awareness of retirement savings education and motivate Americans to start their 401(k) plans. This day takes place on the Friday after Labor Day intentionally so that individuals can start the week with Labor Day and end the week with retirement.
Why You Should Invest in Your 401(k)
There are several benefits to investing in your 401(k), including tax advantages, employer matching contributions, and compound interest. Tax benefits result from your 401(k) because the contributions are made pre-tax, basically meaning they reduce your annual taxable income. This results in your money becoming tax-deferred until it is withdrawn in retirement, potentially reducing your overall tax burden.
Several employers are willing to match contributions to your 401(k). In other terms, employers offer free money so that you’re able to save up for your future while still getting paid a percentage for your contribution! If your employer offers this opportunity and you decide to decline, it’s almost like declining an extra amount of cash.
Compound interest is another benefit of investing in a 401(k). You earn interest on the initial investment in addition to the interest that accrues over time, ultimately increasing your savings substantially. The earlier you choose to invest in your 401(k), the more you can benefit from compound interest.
Lastly, your 401 (k) protects you from early withdrawal. Some may see having penalties for withdrawing before age 59 ½ as a downside; however, it helps you refrain from using the money for anything other than securing your future. It can assist you in resisting the temptation to take from your retirement savings for non-emergency expenses, ensuring that you stay on track for a secure and blissful retirement.
KCCU values each and every one of its members and their long-term goals for retirement. Along with deciding to invest in a 401(k) account, KCCU offers individual retirement accounts. An individual retirement account (IRA) is a type of savings account designed to help you save for retirement and offers tax advantages.
KCCU offers several options for IRA accounts to meet your needs, including both Traditional IRA and Roth IRA accounts. Additionally, we offer an IRA Certificate Account where you get the tax advantages of a traditional IRAs with the added benefit of higher returns from a Certificate Account.
Investing in a 401(k) account can seem intimidating or unnecessary for some, but the bottom line is that putting aside some money from your paycheck will give your retired self stability and peace. National 401(k) Day is your friendly reminder that paving the way for a financially secure destiny can start in the present; your future self will thank you.
Kellogg Community Credit Union (KCCU) will kick off its annual coat drive on September 15 to help the members of the communities they serve stay warm this winter. The coat drive will run until October 31, and items can be dropped off in the lobby at any KCCU branch location. Financial hardship can make it difficult for some families and individuals to ensure they are dressed properly this fall and winter, making this annual coat drive especially timely. KCCU knows their team, members, and the community will come together and show support for this worthy cause, as they have done for many years past.
KCCU is committed to helping provide cold-weather gear for those who may need assistance, so they are collecting new and gently used coats, snow pants, hats, mittens, and scarves that are clean and in good condition, in all sizes from adults to infants and everything in between. The items collected will be distributed to local families in need by community partners.
"KCCU is deeply committed to supporting the communities we serve in every way possible," said KCCU's CEO, Tracy Miller. "With the colder months just around the corner, we want to make sure everyone in our community has access to warm clothing. Our annual Coat Drive is one of the many ways we strive to give back and embody our 'people helping people' philosophy. Together with our incredible community partners, we're honored to make a positive difference for families and individuals who may need a little extra help as the cold weather approaches. A heartfelt thank you to everyone who donates and helps us make a lasting impact!"
KCCU's vision statement includes, "providing opportunity and lifelong value to our members and our community." KCCU takes this statement seriously, and for the past twenty-one years, they have hosted a Coat Drive in partnership with community-based organizations as part of their commitment to their vision.
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Kellogg Community Credit Union, headquartered in Battle Creek, Michigan is a full-service financial institution serving people who live, work, worship, or attend school in the state of Michigan. With $928 million in assets, KCCU proudly serves over 54,000 members in Michigan, with branches in Battle Creek, Marshall, Kalamazoo, Portage, Richland, Grand Rapids, and Three Rivers. A community leader since 1941, KCCU consistently outperforms other financial institutions with outstanding service satisfaction ratings and a long history of growth. For more information, please visit www.kccu4u.org. Connect with KCCU on Facebook, Instagram, and LinkedIn.
Did you know approximately 102 million American adults need life insurance or more of it? September is Life Insurance Awareness Month, a time to consider your life insurance plan — whether you currently have one or don't. Life can move fast; American families are trying to work through their day-to-day responsibilities to provide for their children, and many times a life insurance plan may get overlooked, or household providers are unknowingly underinsured. For anyone who has dependents or loved ones they want to care for after passing, life insurance is a necessity that ensures lost income doesn't translate into tangible material losses once you're gone. Life Insurance Awareness Month gives you the opportunity to assess whether your plan is right for you and your loved ones, or if you need to change or start a new plan.
History of Life Insurance
The idea of life insurance can be traced back to ancient Rome, where soldiers formed “burial clubs.” Members would contribute to a fund that covered funeral expenses for those who passed away, which would ensure proper burial rites. Similar practices also existed in Egypt to reflect the importance of respect for one’s funeral. Later, during the Middle Ages, guilds were established as a form of insurance to offer financial assistance in times of need, such as rebuilding after disasters or covering funeral costs.
In 1583, modern life insurance was born when Richard Martin, who purchased the world’s first recorded insurance policy, insured a man named William Gybbons for a total of £400 in the event of his death within the year. Years later, in 1706, the Amicable Society for a Perpetual Assurance Office was established in London. This marked the first modern life insurance company where members paid annual contributions and benefits were given to families with deceased members.
In the 18th and 19th centuries, life insurance began to gain popularity in America. In 1759, The Presbyterian Church began offering life insurance to the clergy which eventually evolved into formal life insurance models. Additionally, the demand for life insurance dramatically increased during the Civil War, leading to a tripling of life insurance coverage during the years of the war.
How Do I Know if I'm Underinsured?
Let’s discuss five different circumstances, according to Life Happens, that raise the possibility of being underinsured.
The first is if you only have life insurance through your employer. Life insurance plans offered by your employer typically offer very limited coverage, such as a year or two worth of salary. If you have any significant debts or plan of providing college education to loved ones, it’s unlikely that your employer’s plan will meet your family’s needs. Additionally, life insurance provided through your employer is normally only available while you have the job; If you must leave your job for any reason the coverage will no longer apply.
The second circumstance is if your income has increased. We can all celebrate a raise, as it is an important landmark at our jobs and means more money. However, if you are making much more income today than when you first bought your life insurance policy, it is possible that you are underinsured.
Third, you may be underinsured if your stay-at-home spouse doesn’t have a life insurance policy, and if so, it’s necessary to start thinking about getting them one. Even if your spouse isn’t making income that would need replacement, they may be paying for childcare or other services that would need to be paid for if they were to pass.
Speaking of children, you might be underinsured if you had a child. Your life insurance policy needs differ significantly once you decide to bring a child into the family, as children can be extremely expensive. In 2025, it is estimated that raising a child costs about $30,000 per year from birth to age 17. Therefore, it is worth looking into your current plan to ensure that your child can get all the necessary resources.
Lastly, the fifth circumstance that can alter your life insurance policy is buying a new home. Paying a mortgage is one of the biggest investments we make during our lifetime and may be unattainable for your family if you were to suddenly pass. If you bought a new home since setting up your life insurance policy, you might find that you need more coverage to make sure your family will be able to pay off the debt.
If you are looking to start a life insurance plan or wondering if your policy is right for you, KCCU’s investment team is here to help you get started. Our financial consultants offer a holistic approach and specialize in several areas within wealth management, including life insurance. KCCU wants nothing but the absolute best for its members; we’re here to ensure that your future financial health is in good hands and can be distributed to your loved ones.
Life Insurance Awareness Month is an opportunity to reflect what you wish for your family or loved ones’ financial position to look like if you were to pass. Investing in life insurance means investing in the people you care for. If you have not signed up for a plan or are unsure about your current plan, this month is your chance to set you and your loved ones up for financial success.
Picture this: You’re at a higher-end retail store where you occasionally pop in just to peek, not because you plan on buying anything but because you simply like to admire the chic and overpriced articles of clothing. Suddenly, a pattern of stripes with flashes of your favorite color catches your peripheral vision. You whip your head around to discover the most stunning cashmere sweater that you’ve ever laid eyes on. You’ve heard stories and seen them on social media, but you never thought it would be in your grasp. Slowly, you flip over the price tag, preparing for it to sting, but to your surprise, it’s 50% off. You whisper to yourself with a wide grin on your face, “What a bargain.”
We’ve all come across an unbelievable bargain at some point in our lives, whether it was the perfect centerpiece that tied the dining room together, a new set of tires you needed to face the harsh winter, or a juicy find on Facebook Marketplace. Regardless of the bargain, a good deal never fails to leave us with that rush of serenity and satisfaction.
Starting today, we can all celebrate the feeling of saving money with National Bargain Hunting Week. National Bargain Hunting Week is observed each year during the second week in August. This week is devoted to all the bargain battlers, savings soldiers, and coupon connoisseurs.
History of National Bargain Hunting Week
National Bargain Hunting Week was established in 1996 by Debbie Keri-Brown, an author and passionate bargain shopper. The holiday was paired with her books, Bargain Hunting in Ohio and Bargain Hunting in Columbus. Not only did she create the holiday, but she placed National Bargain Hunting Week on the same dates as National Smile Week. Debbie understood that bargain hunting gave people great joy, therefore, she intentionally chose to have the two weeks coincide.
How to Celebrate National Bargain Hunting Week
There are several ways to celebrate this exciting period, but the biggest factor to National Bargain Hunting Week is being able to shop and leave with a full wallet. You can start off by shopping at local stores to browse any good deals that may be available, but exploring second-hand stores that you haven’t visited or searching for yard sales can spice the experience up. Additionally, bargain chains such as Burlington Stores and Ollie’s are known to celebrate by offering extra savings during this week.
While some prefer to bargain hunt solo, it could also be an opportunity to gather a group of friends and head out to shop for the day or weekend. Combining ideas on where to hunt for deals creates a much better chance of finding the hidden gems you’re searching for. Not only that, but it can serve as an enjoyable experience that creates a fun and thrilling memory.
Lastly, National Bargain Hunting Week could be a time to buy those you care about gifts of appreciation. Buy your coworkers fun office supplies or search for heartfelt items to give to family members or friends. Not only do you potentially get to steal some deals, but you can share the love when pursuing this joyful holiday.
National Bargain Hunting Week is a time of spending (less than expected), saving, and smiling. Whether it is spent at your local stores, second-hand shops, or garage sales, we hope that you set forth on your bargain hunting journey this week and find some personal diamonds in the rough. Happy hunting from KCCU!
An excellent credit score is the ultimate goal of the financially responsible consumer. Those three magic digits tell a story of accountability, good financial sense, and the ability to spend mindfully. A great credit score also unlocks doors for large, affordable loans, employment opportunities, and more.
Its significance notwithstanding, achieving and maintaining an excellent credit score is easier said than done. There is no quick and easy way to dramatically boost your score over a short period of time, but you can take steps to increase your credit score gradually. First, you must know your score. KCCU offers a free service where you can find out yours: SavvyMoney®! Below, we’ve listed six ways you can start amping up your credit score today.
1. Pay your bills on time
Your payment history is the single most important factor in determining your score. A missed credit card payment can significantly impact your score, and it can take months to recover from the loss. Set a reminder a few days before your bill is due to ensure you never miss a payment. You could also set up recurring payments from another one of your sub accounts (AFT – Automatic Funds Transfer), or from another institution (ACH – Automated Clearing House). At KCCU, we have many different options for you to make a loan payment!
2. Reduce your credit utilization ratio
Another crucial factor in your score, your credit utilization ratio, refers to the amount of available credit you use. It’s best to keep your utilization under 30%, or even 10% if you can swing it. This means, if you have $50,000 of available credit, try to keep your usage below $15,000 at most and, ideally, below $5,000. It can also be a good idea to accept offers of increased credit or to request an increase on your own, which can instantly bring down your credit utilization ratio. However, only go this route if you know you are not at risk of overspending as soon as you have more credit at your disposal.
3. Use your cards
Taking a pair of scissors to credit cards can seem like the perfect way to increase your credit score, but you need to use your cards to keep your score high. A great way to make sure you use your cards occasionally but don’t overspend is to charge fixed expenses, like monthly subscriptions, to your card. Just be sure to pay the balance in full before the credit card bill is due. If you’re in the market for a new card, be sure to check out our KCCU Visa Credit Cards! We offer an Edge and an Elite credit card, both of which can be eligible to earn rewards – either points redeemable for merchandise, travel, and gift cards, or cash back. If you’re going to use your cards, you may as well earn rewards along the way!
4. Work to pay down outstanding debt
If any of your cards are carrying a balance from month to month, showing that you are working to get rid of this debt can do wonders for your credit score. Maximize your monthly payment by trimming an expense category in your budget and channeling that extra money toward your credit card bill. Don’t be afraid to reach out to your credit card company to ask for a lower interest rate as you work to pay off debt. Finally, consider consolidating credit card debt with a personal loan, which will help you eliminate your credit card debts and leave you with one low-interest payment to make each month. Stop into your local branch if you are looking into debt consolidation options. Our Member Service Representatives are happy to help!
5. Look for errors on your bill and credit history
A fraudulent charge on your credit card can bring down your score without your knowledge. That’s why it’s important to check your statements each month and to look for charges you don’t remember making. If you see anything suspicious, contact the credit card issuer immediately to dispute the charge. It’s also a good idea to get your annual free credit report for a more comprehensive look at your credit usage and signs of possible fraud. With SavvyMoney®, you have access to your full credit report, credit monitoring alerts, tips to improve your credit score, and more!
6. Become an authorized user on another cardholder’s account
If you’re new to the world of credit, and you’re looking to thicken your credit file to build your score, becoming an authorized user on another cardholder’s account can be a great way to get results quickly. Partner with someone who has excellent credit and a strong payment history to help ensure every bill is paid on time. Your partner’s responsibility will reflect well on you, helping to build your credit history and boost your score. Credit scores are a crucial component of financial wellness, but achieving and maintaining a high score can be challenging. Use the tips outlined above to start boosting your score today. What are you waiting for? Check out SavvyMoney® in your KCCU online banking today!
For parents with college-bound students, helping them feel at home in a new environment is a top priority—especially when it comes to furnishing their dorm room. While students may dream of a cozy, stylish space, many families are also working within tight budgets. The good news is, it’s entirely possible to create a comfortable and personalized dorm room without overspending. With a little creativity and effort—like repurposing items from home, shopping secondhand, or taking advantage of student discounts, your student can achieve a space that feels like home while staying well within budget. Below are some tips to get you started!
1. Set a budget
Like all major financial undertakings, furnishing and decorating a dorm room requires planning ahead and establishing a budget. Make a list of everything needed, and then determine how much money it will take to cover all costs.
You’ll also want to take some time to choose what is most important to you, deciding where to spend more money and where to rein in the spending. This way, you can shop stress-free, knowing you’ll have enough funds to cover all necessary expenses and won’t wind up with a half-decorated room or missing some essentials.
2. Shop second-hand
Thrift stores are your new BFF. Hit up shops like Goodwill and the Salvation Army for used furniture treasures, creative decorations, and so much more. Shop with an open mind and remember that a small facelift—like a fresh coat of paint or new accessories—can help you customize any bargain-priced piece of furniture you find.
3. Get creative with storage
Dorm rooms are not typically known for being big on space. Ensure you have sufficient storage in your dorm room by having your furniture multitask. Think ottomans that open up to provide you with room forbooks, under-the-bed storage bins, and more. You’ll have space for all your stuff without making your room look overstuffed with storage shelves and hooks.
4. Use removable decals
Personalize your space and add color to your walls with removable decals. You can find them online and in home décor sections of big-box stores, and most are inexpensive. Removable decals are a great way to turn your dorm room into your own space, as they come in a wide variety of colors and styles. If you like to hang up clever one-liners on your walls, you’ll find those in decals, too. They’re also super easy to hang up and can be removed with very little effort and without damaging your walls.
5. Shop the sales
Save a boatload on your dorm décor by shopping sale events throughout the year. For example, shop department stores at the beginning of the year to take advantage of January’s “white sales” for bedding and linens. You can also pick up that dream piece of furniture you’ve been eyeing when furniture prices drop in February, and shop from Black Friday through December for all sorts of dorm essentials like mini fridges, blenders, and coffeemakers at bargain prices.
6. Recycle and upcycle what you already have
Upcycling—or reusing old materials to make them more functional—and recycling are perfect ways to get your dream dorm room without spending a whole lot of money. Look through your belongings to find things you barely use or were about to toss, and find ways to repurpose them for your dorm room. For example, you can clean out a used tin can, decorate it with Washi tape and use it as a catch-all for your writing supplies. old picture frames can be painted and refreshed to match your new décor, or use your holiday lights to hang to add ambiance to your room.
Decorating your dorm room does not have to drain your wallet or force you to compromise on your personal taste and style. Use the tips here to create your dream dorm room on a budget.
July 1st marks a day closer to celebrating Independence Day for many, but what others may not know is that this day serves as an important step in creating a desired financial lifestyle. Financial Freedom Day strives to raise awareness about making the American dream even dreamier. On this day, freedom refers to the ability to build a sustainable amount in savings and obtain passive income so that one does not need to worry about steady employment. Financial freedom provides the choice to live out passions and goals outside of work, whether it be traveling around the world or achieving early retirement.
The History Behind Financial Freedom Day
Financial freedom begins with personal finance —the financial management done by an individual or an entire family. It entails budgeting, saving, and spending money. In 1920, the first research done on personal finance was conducted by Hazel Kyrk who laid the foundation for both family and consumer economics. In 1947, Herbert A. Simon claimed that most individuals may not be able to make good economic decisions due to limited educational resources and personal desires. Thus, through several studies it was concluded that personal financial education was necessary for sound financial decisions. After 1990, several universities began offering financial education courses.
In 1984, the Association for Financial Counseling and Planning Education (AFCPE) was founded at Iowa State University, and the Academy of Financial Services (AFS) was established in 1985. Both became extremely influential institutions in personal finance. Furthermore, in 2008, the United States President’s Advisory Council on Financial Capability was established to further promote financial literacy in America.
How to Accomplish Financial Freedom
Financial freedom truly is a dream that can be turned into reality. However, it does require discipline, consistency, and strategy. Along with achieving passive income and strong savings, it involves paying off debt or reducing loan costs. Many start paving the way for financial stability with small habits such as setting life goals, creating automatic savings, and making a monthly budget.
At KCCU, we strive to give our members the ability to pursue their ambitions and live a comfortable lifestyle. There are many services that can assist with achieving financial freedom, one being our investment team. Investing is one of the popular avenues to earn passive income, a key component to financial freedom. Along with investing, it is crucial to understand how to make important financial decisions and create a plan to build strong savings. Luckily, our financial advisors can assist with what steps to take throughout the financial journey.
KCCU also offers certificate accounts where members can lock in great rates for terms as short as 6 months or longer terms up to five years. Another option is money market accounts: an ideal savings account for members who want to maximize their return on investment while still having easy access to funds. There are several benefits to money market accounts, including earning higher yields than traditional savings accounts and receiving highly competitive dividend rates.
Similarly, KCCU offers a high dividend eChecking account, where one can earn up to $787 a year by performing normal day-to-day tasks, such as debit card transactions, online banking, paying bills, and so on.
Lastly, KCCU offers financial calculators that allow individuals to see what their savings are worth ahead of time and how long savings will last. The calculators also show how many months it will take to pay off debt, how much is spent per month, home equity, mortgage payments, vehicle payments, and much more.
If one is looking to build his/her financial knowledge, KCCU partners with Zogo Financial to offer a financial literacy app. With Zogo individuals can learn a wide array of topics from opening a bank account to saving for retirement—and everything in between. As the different modules are completed, you’ll earn rewards such as gift cards to use at their favorite stores. As stated previously, financial freedom starts with financial education; why not have fun in the process?
July 1st provides an opportunity to recognize financial freedom and the fresh start that comes with it. Financial education was created so that Americans can thrive in their economic and everyday environments. It allows individuals to live out life-long dreams and gain relief from financial struggles. This year, KCCU encourages individuals to set forth in their financial journey so that they may reach their desired destinations. Don’t worry —we’ll be there every step of the way. Happy Financial Freedom Day!
Q: I’m planning to renovate my home, and I’m wondering about my financing options. What’s the best way to pay for a home improvement project?
A: Home renovations can breathe new life into your living space, enhance your property’s value and customize your home to your unique needs. Whether you’re upgrading the kitchen, adding a new room or tackling long-overdue repairs, funding the project can be the most significant consideration. Fortunately, there are financially responsible ways to pay for home renovation projects.
Here’s a guide to help you choose the best option.
1. Determine the scope and budget of your renovation
Before exploring financing options, take a moment to outline your renovation goals and calculate the total costs. Are you doing a minor upgrade or a major remodel? Gather estimates from contractors and research material prices to establish a realistic budget. Once you know the scope and cost of your renovation, you can determine how much financing you’ll need.
2. Use savings for smaller projects
For smaller renovations or updates, tapping into your savings can be the simplest option. Paying with cash allows you to avoid debt and interest charges. If you’re considering this route, evaluate your emergency fund and ensure you’ll have enough left for unexpected expenses after covering the renovation costs. The best part of using savings is that you’ll be done making payments on the project when the work is complete instead of paying it off for months or years to come.
3. Home equity loans: ideal for large-scale renovations
Home equity loans are one of the most popular ways to finance major renovations. These loans allow you to borrow against the equity you’ve built in your home, which is essentially the difference between your home’s market value and the remaining balance on your mortgage.
The benefits of choosing a home equity loan to fund your home renovation include locking in a fixed interest rate and having predictable monthly payments throughout the loan, as well as lower interest rates than credit cards or unsecured loans. The funds are also disbursed in one lump sum, which makes them ideal for homeowners who are looking for capital to cover a single home improvement project.
If a home equity loan sounds like it might be for you, we can help! Call us at 269-968-9251 or check out to learn about your options today.
4. Home Equity Lines of Credit (HELOC): flexible and accessible
Another great option for funding a home renovation is a Home Equity Line of Credit (HELOC). This loan works like a credit card, allowing you to borrow funds as needed during a draw period that generally lasts 5 to 10 years. This flexibility makes HELOCs ideal for ongoing or phased renovations.
The advantage of using a HELOC for your home improvement is that you’ll only borrow what you need when you need it. You’ll enjoy lower rates compared to unsecured loans and credit cards. Plus, you’ll only make payments on the interest during the draw period.
If you’d like to open a HELOC to pay for your home renovation, we can help! KCCU offers HELOCs with quick access to your funds, low closing costs, and favorable interest rates. Call, click or stop by today to learn more.
5. Unsecured loans: a versatile option
If you don’t have enough equity in your home, or you’d prefer not to tap into your home’s equity, an unsecured loan may be your solution. These loans don’t require any collateral, which means you don’t need to have accumulated equity in your home or to pay for an appraisal. The loan will have fixed interest rates and terms to go with a faster approval process when compared to equity-based loans. As loans with no collateral, they tend to have higher interest rates than loans that are backed by equity, but at KCCU, we offer unsecured loans, such as signature loans, with competitive rates. Speak to a Member Service Representative today to find out more.
6. FHA loans: renovate while purchasing
If you’re buying a fixer-upper, an FHA loan could give you the option to combine your mortgage and renovation costs into one loan, allowing you to finance renovations as part of your home purchase. These loans are popular because they offer low downpayments and more flexible credit requirements than other types of mortgages. You’ll have only one loan to manage, which makes it easier to keep track of the payments. Talk to one of our Mortgage Originators to see if this a good option for your project.
Choosing the best means for financing your home renovation can seem daunting, but the options available through KCCU make it simple. Use this guide to learn about the various ways you can fund a home improvement project and reach out to us to learn more.
At KCCU, your account security is our top priority, and we are committed to protecting your financial well-being. To further safeguard your ItsMe247 online banking experience, KCCU introduced Multi-factor Authentication (MFA) in June 2025.
Multi-factor Authentication - Frequently Asked Questions
What is Multi-factor Authentication (MFA)?
Multi-factor Authentication, also known as 2-factor authentication, is an added layer of protection that goes beyond just passwords and security questions. When you log in, a verification code is sent to your device via email or text, providing an additional step to confirm your identity and helping to prevent unauthorized access to your accounts.
Why is MFA important?
Information on the internet can be vulnerable to compromise, but MFA provides an additional way to authenticate yourself when accessing your online accounts. Even if your password or security questions are compromised, your information remains protected—unless fraudsters also have access to your device to receive the one-time passcode.
How do I prepare for MFA?
To ensure you can seamlessly complete the MFA process, it’s essential that KCCU has your most up-to-date cell phone number and email address on file. These will be used to send your verification code to during the login process. You can easily review and update your personal information at any time within online banking.
How does it work?
When you log in to online banking from a new device for the first time, you’ll enter your username, password, and answer the security questions as you normally do. Next, you’ll be prompted to choose how you’d like to receive your one-time verification code, either via text message or email.
Once you receive and enter the verification code, you'll have access to your accounts.
You'll also have the option to select "Register this Phone or Browser." If you choose this option, your device will be remembered for a limited time, so you won't need to go through the MFA process again until that period expires on that device.
Please note: If you are logging in to online banking using a public device, such as computer at the library, you should not register that browser or device.
Will MFA be required when using the mobile app?
Yes, MFA will be required any time you are accessing online banking whether you’re using KCCU’s website, mobile website, or mobile app.
When will an MFA code be required?
MFA will be required when you log in from a new device for the first time. If you register your device, you will not have to go through the MFA process for a short period of time. However, there are other situations that might cause you to verify your identity with MFA even if you have already registered your device:
- If you use multiple browsers on your device. For example, if you authenticated with Chrome, and then login from Firefox you’ll have to re-authenticate. Registration is per browser.
- Updates to browsers, operating systems, and other network or workstation components.
- If you authenticate via the mobile app and then use a browser or vice versa, you may have to re-authenticate. Keep in mind that these different environments may have a different expiration date based on when you registered your device.
- If you get a new device or when you log in from a device, you have not previously authenticated from before.
- When you download a new version of the KCCU app you’ll have to authenticates with the new app.
Can I register my device for multiple accounts?
You cannot register a device for multiple accounts. However, you can still access your accounts by completing the MFA process each time you log in.
If I currently have multiple linked accounts, will I need to complete MFA each time I switch between them?
You will not need to complete the MFA process once you are logged in to your account. You’ll be able to switch between linked accounts as you do today.
If I am joint on an account, can I still access online banking with MFA?
Yes, as long as your cell number is on the account, you can choose to have the verification code sent to your cell number. However, we do not recommend that you register your device if the primary owner will also be accessing the same account.
If you have questions or need assistance we are here to help! Just give us a call at 800.854.5421, email us, or if you are near a branch stop in for friendly personal assistance.
Juggling debt payments while balancing everyday expenses can be exhausting. With multiple loans and credit cards boasting different interest rates, payment amounts, and due dates, it’s easy to feel overwhelmed by mounting financial obligations. The pressure can take a toll on your well-being, leaving you stressed – mentally and financially.
But there’s a solution to simplify the repayment process while keeping more money in your wallet: debt consolidation.
Debt consolidation combines multiple debts into one loan, often with a lower interest rate and a fixed repayment schedule.
Here are seven ways debt consolidation can help improve your finances and increase your savings:
1. Fewer Payments
Consolidating debt makes handling monthly finances easier. Instead of trying to track numerous due dates and minimum payments, you focus on a single debt obligation. This helps you keep bills organized and reduces the chance of missed payments and the resulting late fees.
2. Lower Interest Rates
Debt consolidation can help you secure a lower interest rate on outstanding balances. By replacing multiple high-interest debts with a single loan at a lower rate, you can save a substantial amount of money over time.
3. Fixed Repayment Terms
With debt consolidation, you’ll have a stable repayment schedule. Knowing exactly when and what you need to pay can offer significant peace of mind. Plus, a fixed repayment term provides certainty, allowing you to budget more accurately and track financial milestones.
4. Faster Debt Elimination
If you consolidate your debts into a loan with a lower interest rate, more of each payment goes toward eliminating the principal balance. This accelerated repayment can help you become debt-free more quickly, saving you money on interest and providing a sense of accomplishment.
5. Increased Savings
Whether you want to save for a trip abroad or build a 6-month emergency fund, debt consolidation can provide the financial breathing room needed to hit your financial targets. The potential interest savings from a lower-rate loan means you can allocate more money toward savings each month, helping you achieve your financial dreams.
6. Less Stress
Constant financial worry can negatively impact your quality of life. Debt consolidation reduces this mental strain by providing a single, manageable payment. Gaining control of your finances can positively impact your relationships, work performance, and overall happiness.
7. Improved Credit Scores
Debt consolidation can positively impact your credit score by reducing your credit utilization rate - the amount of credit used compared to the total available credit. A higher credit score can open the doors to lower insurance premiums, certain employment opportunities, and expanded housing options.
Debt consolidation scenario*:
Jenny finds herself in a challenging financial situation with three credit cards carrying the following balances and interest rates:
| Credit Card | Balance | APR |
| Credit Card A | $5,000 | 22% |
| Credit Card B | $3,000 | 18% |
| Credit Card C | $2,000 | 20% |
Jenny's total debt amounts to $10,000, and she's struggling with high interest rates on all three cards. To simplify her payments and potentially save money, Jenny decides to explore debt consolidation using a personal loan.
After researching her options, Jenny applies for a debt consolidation loan of $10,000 with an 11% APR and a 24-month repayment term. Upon approval, she uses this loan to pay off all three credit card balances, leaving her with a single monthly payment to manage.
Before consolidation:
- Jenny had three separate payments to keep track of
- She was paying an average interest rate of about 20%
- Over two years, she would pay approximately $4,080 in interest
After consolidation:
- Jenny now has one monthly payment
- Her interest rate is reduced to 11%
- She has a fixed repayment term of 24 months
Over two years, she will pay about $2,200 in interest
This consolidation could save Jenny money on interest charges and simplify her debt repayment process, making it easier for her to manage her finances and pay off her debt more efficiently.
NOTE: While debt consolidation offers numerous benefits, there is a risk of accruing new debt if the underlying reason for overspending is not addressed.
Debt consolidation is a powerful money management strategy that can help you take control of your future. Ready to take the next step? KCCU is here to support you every step of the way. Visit us online, call us at 800.854.5421, or stop by a branch location to learn how debt consolidation can work for you.
*This is a hypothetical situation provided for illustrative purposes only. Your results may differ.
As technology continues to evolve at an astonishing pace, the need to prioritize cybersecurity has never been more critical. At the heart of this digital transformation is the protection of our most valuable asset - our privacy. Our Chief Technology Officer (CTO), Jason, takes a moment to talk about the importance of cybersecurity and shares how we can all play a role in safeguarding our personal information. In today's interconnected world, your digital presence is constantly at risk, and it's crucial to understand the steps we can take to protect ourselves. Whether you're an individual or part of a larger organization, the responsibility to secure your data starts with you. Let's explore why cybersecurity matters and how we can work together to create a safer online environment for everyone.
Cybersecurity is Everyone's Responsibility: A Vision for Safer Digital Practices
Imagine this: an employee clicks a link in a seemingly urgent email from their CEO or you receive a personal email saying you have a past due bill that needs urgent attention and to click on the link. Within minutes, ransomware spreads through the organization's systems or your personal system, locking down critical data and costing thousands or millions in recovery and reputational damage. This isn't fiction—it's happening every day.
Cybersecurity isn't just an IT function anymore; it's a shared responsibility. As threats become more sophisticated, the best defense is a proactive, informed workforce equipped with the right tools and practices. Let's explore what it takes to stay one step ahead.
Why Everyone Matters in Cybersecurity
Over 80% of breaches result from human error, such as clicking on phishing links or using weak passwords. Cybercriminals rely on exploiting individual vulnerabilities to infiltrate organizations and individuals.
The reality: Your security habits, both at work and at home, are part of the collective defense. Everyone's actions contribute to overall resilience.
The Tools You Need to Secure Your Digital Life
Passwords remain the frontline of defense—but poorly managed credentials are a hacker's dream. Advanced solutions like 1Password provide a simple yet powerful way to safeguard your accounts.
Here's why:
- Store all your credentials in an encrypted environment.
- Get notified if any of your accounts are compromised.
- Eliminate weak, reused passwords by creating unique, strong ones for every account.
- Share credentials securely with colleagues, family, or those you trust when needed.
By using tools like 1Password, you minimize the risk of password-related breaches while simplifying your digital life.
The Ever-Present Threat: Phishing Attacks
Phishing accounts for 36% of all breaches, making it one of the most persistent cyber threats. These scams often look convincing, but here's how to spot the telltale signs:
- Emails that demand immediate action, like resetting your account or paying a bill.
- Phrases like "Dear Customer" instead of your name.
- Hover over links to see where they lead—malicious URLs are often disguised.
- Be cautious with unfamiliar files, even if they appear to come from a trusted source.
Leverage tools like KnowBe4, a security awareness training platform used by organizations to strengthen their phishing defenses. Employees trained with KnowBe4 have been shown to reduce phishing click rates by over 50%.
Proactive Habits for a Secure Digital Environment
Cybersecurity isn't just about reacting to threats; it's about building proactive habits that minimize risk.
Here's what you can do:
- Use a VPN on public Wi-Fi to protect your connection from prying eyes.
- Enable multi-factor authentication (MFA) for an extra layer of security on critical accounts.
- Keep devices updated: Regular updates close vulnerabilities that attackers exploit.
- Back up your data: Secure cloud or offline backups ensure quick recovery from attacks like ransomware.
The Future of Cybersecurity
As technology evolves, so do cyber threats. Emerging trends like AI-driven phishing attacks, deepfake scams, and passwordless authentication are reshaping the cybersecurity landscape. Individuals and organizations that adapt by implementing robust defense, like behavioral biometrics or AI-powered threat detection, will thrive.
Take the First Step Today
Cybersecurity isn't about fear—it's about empowerment. By adopting the right tools, staying educated, and for workplaces—fostering a culture of vigilance, you become a vital part of the solution.
Explore resources like the NIST Cybersecurity Framework (NIST Cybersecurity) or the FTC Cybersecurity Tips (FTC Cybersecurity) to deepen your understanding.
Why This Matters
The future of cybersecurity is a shared responsibility. By staying vigilant, using tools like 1Password, and fostering a culture of awareness, we can collectively reduce the risk of breaches and build a safe digital environment for all.
KCCU named as one of America's best credit unions
KCCU is thrilled to announced that it has been recognized as one of America’s Best Regional Banks and Credit Unions 2025 by Newsweek and Plant-A Insights Group for the second year in a row. Newsweek and Plant-A Insights Group recognized top regional banks and credit unions in the United States, by conducting a large-scale study based on the analysis of over 9,000 institutions, more than 70,000 customer surveys and millions of social media reviews.
This award recognizes KCCU’s community impact and commitment to the company’s vision of “providing financial opportunity, choice, and lifelong value to our members and our community.” Multiple factors were analyzed when compiling the list of the region’s best banks and credit unions, including simplicity of account management, minimization of account holder risk, enhanced transaction experience, and staff interaction.
"It is truly affirming to our dedicated team and loyal members to be recognized as a top credit union for the second year in a row,” stated Tracy Miller, KCCU’s CEO. “We strive to provide our members with the best value and services possible to support them in their financial journeys. We wouldn’t have been granted this honor if it wasn’t for our members!"
Global Editor in Chief for Newsweek, Nancy Cooper said, “Regional banks and credit unions are the financial backbone of communities nationwide as they support small businesses, fund local projects, and ensure easy access to essential banking services.” Cooper added, “Newsweek and market-data research firm Plant-A Insights are proud to introduce ‘America’s Best Regional Banks and Credit Unions 2025’, highlighting companies utilizing a community- and customer-centric approach to make a big financial impact in their neighborhoods.”
KCCU was named "Best of the Best" in three categories by the community (Feb 2025).
Readers of the Battle Creek Shopper and community members voted KCCU as the Best of the Best for:
- Best Credit Union
- Best Bank
- Best Mortgage Lender
"We are truly humbled and honored to be recognized by our members and the community in three amazing categories; Best Credit Union, Best Bank, and Best Mortgage Lender" said Tracy Miller, CEO of KCCU. "At KCCU, we don't just work here, we live in the communities we serve. We're your neighbors, your friends, and your biggest financial cheerleaders," she continued. "We see this recognition as a testament to the dedication of our incredible team and the trust and support of our members. It's our pleasure to provide the best financial solutions to help enrich the communities we serve."
KCCU was named "Best of the Best" by The Morning Star and The Recorder newspaper readers (Aug 2025)
The Morning Star and The Recorder newspapers cover Eastern Calhoun and Jackson County. Readers from these areas voted KCCU as the "Best Bank/Credit Union."
"It has been an absolute honor to receive such meaningful and positive feedback from our members and the community" said Tracy Miller, CEO of KCCU. "Our members are at the heart of everything we do, and this recognition means the world to us as it comes directly from the communities we are proud to serve. This award is a reflection of the strong relationships we've built together, and we are so grateful for the trust and support you have placed in us."
Why is Credit Score so Important?
Your credit score is made up of three numbers, serving as an indicator of your financial history, wellness, and responsibility. These three little numbers can spell the difference between approval and rejection for a mortgage, a job, a rental unit, and so much more.
We have outlined how your credit score is calculated, why it matters and steps you can take to improve your score.
How is my credit score calculated?
There are three major credit bureaus in the U.S.: Experian, TransUnion and Equifax. Each one collects and shares information about your credit usage with potential lenders and financial institutions. Most lenders use this information along with the FICO scoring model to calculate your credit worthiness. The scoring model looks at the following factors when calculating your score:
- The age of your credit. How long have you had your oldest credit card? When was your first loan? An older credit history generally boosts your score.
- The timeliness of your bill payments. Are you paying all your monthly bills on time? Chronic late payments, particularly loan and credit card payments, can drastically reduce your score.
- The ratio of your outstanding debt to available credit. The VantageScore formula views consumers with a lot of available credit as a liability, while the FICO formula considers this a point in your favor.
- The diversity of your credit. Lenders want to see that you have several kinds of open credit. For example, you may be paying down an auto loan, a student loan and using three credit cards.
- The trajectory of your debt. Are you accumulating new debt each month, or slowly working toward paying down every dollar you owe?
- Your credit card usage. Financial experts recommend having several open credit cards to help boost your credit score, but this only works if you actually use the cards and pay off your bills each month. It doesn’t help much to have the cards sitting in your wallet.
How does my credit score affect my life?
Your credit score serves as a gauge for your financial wellness to anybody who is looking to get a better idea of how responsible you are with your financial commitments.
Here are just some ways your credit score can affect your day-to-day life:
- Loan eligibility. This is easily the most common use for your credit score. Lenders check your score to determine whether you will be eligible for a loan.
- The larger the loan, the stricter the requirements. A poor credit score can hold you back from buying a house, a car, or getting a personal loan.
- Interest rates on loans. Here too, your credit score plays a large role in your financial reality. A higher credit score can get you a lower interest rate on your loan, and a poor score can mean paying thousands of extra dollars in interest over the life of a loan.
- Employment. A study by the Society for Human Resources Management found that 47 percent of employers look at the credit reports of potential employees as part of the hiring process.
- Renting. Many landlords run credit checks on new tenants before signing a lease agreement. A poor credit score can prevent you from landing that dream apartment or it can prompt your landlord to demand you make a higher deposit before moving in.
- Insurance coverage. Most insurers will check your credit before agreeing to provide you with coverage. Consumer Reports writes that a lower score can mean paying hundreds of dollars more for auto coverage each year.
How to improve your credit score
If you’re planning on taking out a large loan in the near future, applying for a new job, renting a new unit or you just want to improve your score, follow these steps:
- Pay your bills on time. If you have the income to cover it but find getting things paid on time to be a challenge, consider using automatic payments. Pay more than the minimum payment on your credit cards. Your credit score takes the trajectory of your debt into account. By paying more than just the minimum payment on your credit cards, you can show you’re working on paying down your debt and help improve your score.
- Pay your credit card bills before they’re due. If you can, it’s best to pay your credit card bills early. This way, more of your money will go toward paying down your outstanding balance instead of interest.
- Find out if you have any outstanding medical bills. You may have an unpaid medical bill you’ve forgotten about. These can significantly drag down your credit score, so be sure to settle any outstanding medical bills as quickly as possible.
- Consider debt consolidation. If you’re paying interest on multiple outstanding debts each month, you may benefit from paying off your debt through a new credit card that offers an introductory interest-free period, or from taking out a personal Signature loan at Kellogg Community Credit Union. This way, you’ll only have one low-interest or interest-free payment to make each month. (Note: If you’ll be applying for a large loan within the next few months, it’s better not to open any new cards.)
It’s crucial that you make the effort to improve and maintain your credit score. It’s more than just a number; it will impact your financial wellness for years to come.
Protect Yourself from Scams
This week (November 13-19) is International Fraud Awareness Week, so what better time than now to discuss how to protect yourself from falling victim to fraudsters. Here at Kellogg Community Credit Union, our biggest priority is your financial wellness. To help keep you safe, we’ve created this guide to help you recognize and protect yourself from scams.
5 ways to spot a scammer
1.They ask for detailed information before agreeing to process an application.
2. They insist on a specific method of payment.
3. They send a check for an inflated amount to a seller or “employee,” and then ask the victim to mail them the extra money. Of course, the original check will not clear.
4. You can’t find any information about the company the caller allegedly represents.
5. You’re pressured to act now.
Who are the targets?
Here are some of the most common targets of scams:
- The unemployed. If you’re job-hunting, don’t respond to emails offering you a “dream position” you never applied to have.
- The aging. Older people often spend lots of time online. They can also be less aware of the dangers lurking there.
- Children. Children will more readily share information with strangers, which can then be used to steal their identity.
What do scams look like?
These are some of the most common scams:
- Cyberhacking. Hackers gain remote access to your computer-and personal information.
- Phishing scams. Scammers bait you into sharing personal information, which they use to hack your accounts or steal your identity.
- Mystery shopper. A bogus company will “hire” you to purchase an item in a store and then report back on the experience. Before you get started, though, you’ll have to pay a hefty fee, which you’ll never see again.
- Job offers. Scammers “hire” you for a position and then scam you by sending you an inflated check, as detailed above.
- Sweetheart scams. A scammer pretending to be an online lover will con you into sending them money and gifts or sharing personal information.
- Fraudulent investments. Scammers reach out to victims with information about lucrative investments that don’t exist.
10 ways to protect yourself from scams
- Never share personal information online
- Don’t open unsolicited emails. If you do, do not click on any links in them.
- Never send money by insecure methods to an unknown party.
- Protect your devices by using the most current operating systems, choosing two-factor authentication and using strong, unique passwords for every account.
- Choose the strongest privacy settings for your social media accounts.
- Keep yourself in the know about the latest scams
- Educate your kids about basic computer safety and privacy
- If you have elderly parents, talk to them about common scams and teach them to protect themselves.
- If a government agency or a company calls and asks you to share personal information, tell them you’ll contact them on your own.
- Never accept a job or pay for a purchase or service without researching the company involved.
8 Ways to Spot a Survey Scam
Survey scams are almost as old as the internet. They’re so prevalent, you can hardly spend an hour online without running into an ad for a “super quick” survey promising a reward for just a few minutes of your time.
What actually happens is that the scammer walks away with a free survey, or worse, your information and/or your money. The alert consumer can spot a survey scam easily, but fraudsters are unfortunately becoming more sophisticated at luring innocent victims into their schemes. Don’t get caught! Here are eight ways to spot a survey scam:
You’re asked to pay to participate in a survey
Authentic survey companies need you – you don’t need them. There’s absolutely no reason to pay to take a survey of any kind. If you’re targeted by an ad asking you to take a survey and to pay for the privilege of doing so, don’t respond.
You’re asked to share sensitive information before you can take the survey
They’d really appreciate it if you could take this quick survey for them. They just need some information from you first, like your Social Security number, date of birth and maybe even your checking account number. If a survey company asks for anything more than basic information from you, sign out as quickly as you can.
They advertise on Craigslist and similar sites asking for your email address
“Survey companies” that advertise on sites like Craigslist asking you to share your email address are usually fronts for scam rings. They use the bogus surveys as bait so you will share your email address. Once they have this information, they’ll use it to spam you with scam emails, phishing schemes, malware or worse. Alternatively, they’ll sell your email address to another scam ring to be used for similar purposes.
They offer too much money
If a survey is offering you $100 for a 20-question survey that shouldn’t take you more than five minutes to complete, you can be sure you’re looking at a scam. No legitimate survey company is that desperate. The pay for authentic survey-taking is generally on a much more modest scale.
You’re directed to download attachments
Any time an unknown contact asks you to download attachments to your device, be super-suspicious. More often than not, these are scams, and the attachments are loaded with malware. Don’t respond to the offer, and if it was made via email, be sure to report the email address as spam.
They advertise aggressively
If the same solicitation for survey participation keeps popping up across your screen, you may be looking at a scam. Scammers tend to flood their targets with ads in the hopes that one of them will actually work. Similarly, if the survey offer is full of unbelievable testimonials of past participants, you’re likely looking at a scam. Legitimate survey companies don’t need to try so desperately hard to get people to take their surveys.
They give you an hour to pre-qualify for the survey
Often, a survey company will want you to answer a few pre-qualifying questions to see if you fit their desired demographic. Scammers exploit the prequalification by having the target answer dozens of questions and then informing them they’ve run out of time and cannot participate in the actual survey. This is false, of course, and the questions the scammer just answered actually were the survey questions, only now they won’t be getting paid for it. Check to see if a survey has a time limit on the prequalification before you start answering questions.
They require an outrageous minimum before payment
Most legitimate survey companies require the survey taker to complete a minimum number of surveys before the first payment. However, scammers require their targets to take an unrealistic number of surveys before they receive their first paycheck. Often, the victim will just quit before they qualify for a payment and the scammers now have these completed surveys without paying anything for them.
Survey-taking can be a great way to earn some pocket money, but survey scams are rampant. Follow these tips to stay safe!
new online banking design
We are excited to announce that today (July 28, 2021), we launched a new look and user experience for our Online Banking! This new version of It’sMe247 online banking combines both the desktop and mobile versions into a single design that works on every device. So, whether you are using your phone, tablet, or home computer, the overall look and feel will appear uniform across all platforms.
new look - same great service!
It'sMe247 will offer all the same great functionality plus some exciting new features as well!
- Simplified log in screen
- Easy to navigate
- Quick access to tools you need
- List your favorite accounts in the order you want to see them
- List your favorite features on the home page – Bill Pay, Quick Transfer, Message Center, etc.
- Search transaction history
- And more!
what's NOT changing
Rest assured, the following items will remain the same.
- Your username, password and security questions
- Bill Pay program - including saved payees
guided tour video
See the updates for yourself in our guided video tour! links
- Visit the new online banking
- New It'sMe247 interface FAQs
Don’t Fall for Money Mule Scams
What is a money mule?
A money mule, also sometimes referred to as a "smurfer," is a person who transfers money acquired illegally (stolen or fraud) in person, through a courier service, or electronically, on behalf of others. Typically, the mule is paid for services with a small part of the money transferred.
How money mule scams work
Money mule scams happen several ways. Someone might offer you a job, or say you’ve won a sweepstakes, or even start an online relationship with you. Whatever the story, next they want to send you money – and then ask you to send it on to someone else. They often say to wire the money or use gift cards.
But that money is stolen. And there never was a job, a prize, or a relationship – only a scam. That scammer was trying to get you to be a money mule.
The consequences
Transferring money / valuables on behalf of others only benefits criminals and may lead to serious consequences for you. If you deposit a scammer’s check, it might clear, then when the bank discovers it’s a fake check, you’ll have to repay the bank. Also, if you help a scammer move stolen money – even if you didn’t know it was stolen – you could find yourself in legal trouble.
Avoid money mule scams
- Don’t engage in financial transactions with strangers
- Don’t take a job that promises easy money and involves sending or receiving money or packages
- Check any work-from-home opportunity or money transferring offer with a trusted family member or friend. You can also contact your Better Business Bureau chapter or access the state’s corporation directory to help verify if the business is legitimate.
- Report money mule activity/ scams as soon as possible
If you suspect a money mule scam
If you think you might be involved in a money mule or money transfer scam, stop transferring money. Notify your financial institution, the wire transfer service, or any gift card companies involved. Then, report it to the FTC at ftc.gov/complaint.
Try-Before-You-Buy Car Payment
You already know that car loans cost less when you can pay a portion of a vehicle’s purchase price upfront in cash. Makes sense—you borrow less when you have a down payment.
But coming up with that down payment can be a challenge. And then, once you have a car loan, that monthly payment could be a tight fit in your budget if you haven’t planned for it.
How to Get Started
Below is a tactic that will help you save for your down payment and it gives you a chance to “try on” your car payment on a trial basis, no strings attached.
Save what you expect to pay
Just save what you expect your car payment will be for several months in your down payment fund.
Build Your Down Payment
Find a Comfortable Payment
You get to audition your car payment, with the luxury of stopping that “payment” if it really is too much for your budget. If you find the payment is too high, then you can adjust the payment to something that fits your budget more comfortably.
There’s no down side. You can stop payments at any time, without penalty, because you’re making the payments to yourself.
Reality Check
This tryout can serve as a reality check for your plans to buy a car. You might have the pleasant experience of realizing that you can handle a car loan without too much pressure—or you might learn that you need to wait a bit longer, save a bit more, or plan to buy a less expensive car.
And don’t forget a Kellogg Community Credit Union member service representative can help you determine how much car you can afford and can even get you preapproved you for your car loan. Call 269-968-9251 or stop in today to talk about your plans.
Beware of Banking Scams
There’s been a recent uptick in banking scams. In these scams, criminals pose as representatives of the victim’s financial institution. They might “spoof” KCCU’s number, so the caller ID may even look like it’s really us on the phone. The scammers may then state there’s a problem with the victim’s checking account that needs immediate attention. Sometimes, they’ll claim they can help lower interest rates on credit cards.
All they need to “help” the victim, they say, is the member’s confidential information, including account numbers and passwords. The scammers then use this information to empty the victim’s accounts and disappear.
Avoid Being a Victim
Here’s what you need to know about spoofing calls and banking scams.
Be suspicious
We will never ask you to share confidential information through insecure channels. If you’re on guard, you’ll spot those fakers easily. Is a representative claiming there are problems with your account when everything seems to be in order? Are they asking for passwords over the phone? If things don’t add up, hang up.
Don’t Pick Up
Don't answer calls from unknown numbers. If you answer the phone and the caller - or a recording - asks you to hit a button to stop getting the calls, just hang up. Scammers often use this ploy to identify potential targets.
Don’t Respond to Questions
Do not respond to questions, especially those that can be answered with "Yes" or "No."
Use a Voicemail Password
If you have a voice mail account with your phone service, be sure to set a password for it. Some voicemail services are preset to allow access if you call in from your own phone number. A hacker could spoof your home phone number and gain access to your voice mail if you do not set a password.
Block Calls
Talk to your phone carrier about call blocking tools and check into apps that you can download to your mobile device. The FCC allows phone companies to block robocalls by default based on reasonable analytics. More information about robocall blocking is available at www.fcc.gov/robocalls
Safeguard account details
Never share account information without being certain you’re talking to the real entity.
Use good password hygiene
Create and use complex passwords and change them frequently. Use different passwords for each of your accounts.
Choose extra protection
Opt for two-factor identification when logging into your accounts.
Monitor your accounts
Check your accounts on a regular basis and look specifically for any suspicious or unrecognized activity.
Use eAlerts
Choose to receive an email or a text message when transactions on your account exceed your typical level of spending. Learn more about eAlerts or watch our eAlerts Video to see how easy it is to set them up.
Reach out to us
It can sometimes be difficult to determine if the people you’re talking to are the real thing. If you think you’re dealing with KCCU, but things seem fishy, hang up or log out and call KCCU yourself. You can always reach us at 269.968.9251 / 800.854.5421 Be sure to call this number and never use another number suggested by a suspicious-acting “member representative.”
In case of fraud, take action
If you suspect you’ve been taken for a ride, let us know as soon as possible. The sooner you catch and report a scam, the better. It’s also a good idea to let the FTC know about the scam. Contact them at FTC.gov.
Why Use Mobile Payments
Why fumble for your wallet at checkout when you can just pay by using your phone?
With more than 81% of Americans owning smartphones, contactless payments by digital wallet and mobile payment apps are now more popular than ever. Contactless payment is also becoming increasingly available at checkout counters across the country, with six in every 10 retailers accepting digital payments, according to research by the National Retail Federation.
Switching over to paying for your daily purchases with a digital wallet is simple. You’ll need to choose between popular mobile payment apps, like Google Pay, Apple Pay and Samsung Pay. All of these apps are similar, but Google Pay is your app of choice for all Android phones, Apple Pay works with recent Apple devices, and Samsung Pay offers the widest acceptance of all digital wallet apps. KCCU’s mobile wallet supports all three of these mobile payment apps. Once you’ve downloaded your preferred app, you can load your KCCU credit union credit and debit card information and then finish setting up the app with your personal authentication process. When this step is complete, your app is ready for use.
Benefits of using mobile payments.
Convenience
The biggest and most obvious draw of mobile payments is their incredible convenience. No more pawing through cards at the checkout counter while the people standing in line behind you are growing impatient. No more hesitating over a stack of cash. Just pull out your phone, open your digital wallet app and tap or wave your phone near the payment-enabled terminal. It’s that easy.
Security
Using a mobile payment app to complete a purchase has several security advantages over traditional payment methods.
First, it eliminates the need to carry around cash or credit cards, which always has the risk of being stolen or lost. Misplaced credit cards in particular can be a nightmare for consumers, making them vulnerable to full-blown identity theft.
Second, mobile-payment apps use extra security measures to protect the user’s data, such as encrypting all personal information and utilizing biometric authentication features, like fingerprint scans and facial recognition.
Finally, each transaction that takes place over a mobile payment app is tokenized. This involves a one-time code generated by the payment terminal, or a “token.” The token is used to complete the transaction in place of the buyer’s actual payment information. The token cannot be used for any other transaction and is effectively useless if hacked. The buyer is thus protected from fraud.
Speed
Mobile payments are super-fast. Instead of counting out cash or inserting a card into a payment terminal and waiting for the transaction to clear, it’s just a one-two-three tap to pay. With mobile payments, checking out in any store can take just seconds from start to finish.
Budgeting and expense-tracking
Digital wallets can be easily integrated with money-management apps, making budgeting easy. Every transaction will be instantly recorded for future reference and review. Additionally, retailers generally offer electronic receipts with mobile payments, as opposed to paper receipts which are easily misplaced.
Safety
Ever since the world entered the alternate reality of COVID-19, mobile-payment apps have enjoyed an enormous boost in popularity. In fact, retailers have seen a 69% rise in contactless payments since the beginning of 2020, according to a study done by the National Retail Federation. This is likely due to the fact that consumers are wary of shopping in brick-and-mortar locations and are hesitant to handle germ-infested cash. Inserting a debit card or credit card into a public payment terminal that processes payments for hundreds of cards a day is not much of a better option. All of this has made digital wallets the chosen method of payment now more than ever, with 67% of shoppers choosing self-checkout options from their own mobile devices over in-person payment.
Mobile payment apps enable consumers to complete a purchase without making physical contact at germ-laden terminals. There’s no need to use a wallet, cash or credit card at all. Just pull out your phone and your transaction is a quick wave or tap away. It’s the perfect way to pay for purchases without compromising your safety.
Mobile payments are the way of the future. There are so many reasons to love mobile payments. They’re convenient, secure, quick and safe.
Share Insurance Protects Your Money
Federal Share Insurance
Safeguarding your hard-earned money is vitally important. That's why Kellogg Community Credit Union has federal share insurance, administered by an independent government agency, the National Credit Union Administration (NCUA).
How Much is Insured?
The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings up to at least $250,000 in your checking accounts, all savings accounts, including regular share savings accounts, secondary savings accounts, youth savings accounts and certificates.
IRA Safety
The coverage for individual retirement accounts (IRAs) and Keoghs is also $250,000. Funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate to $250,000. A Keogh account is insured separately up to $250,000 as well. It's important to note that share insurance doesn't cover investment products such as mutual funds and annuities.
Individual & Joint Accounts
Something else about share insurance: It separately insures individual and joint accounts. For example, say you have an individual account containing $250,000, and a joint account with your spouse containing $250,000. Each account is insured separately for a total coverage of $500,000.
So how do you know we're federally insured? All federally insured credit unions–like yours–must post the official NCUA insurance sign in their offices. As do other NCUSIF-insured credit unions, we abide by high standards of safety and soundness. Because of that, NCUSIF is a strong, well-capitalized fund.
So, rest assured, your money is safe. You can count on Kellogg Community Credit Union to take good care of it.
Pending Package Scam
Everyone loves a surprise package, and scammers are taking the excitement out of that experience by using bogus packages as a cover for a scam that tricks victims into sharing personal information. Here’s all you need to know about the pending package scam.
How the scam plays out
In the pending package scam, the victim receives a text message from a contact who is an alleged mail carrier or represents a package-delivery service. The contact tells them that they were unable to deliver a package to the victim’s home. The victim is asked to reply to confirm their identity; however, as soon as they engage with the scammer, they are asked to share personal information or credit card details for scheduling delivery. This, of course, places the victim at risk for identity theft.
Red flags
There are two primary red flags that can warn you about the pending package scam.
First, the original text or email will generally not inform the victim of the identity of the company they represent. The scammer will only claim to be an employee of a mail or package-delivery service, but will not verify if they work for UPS, FedEx or another legitimate organization.
Second, the scammers don’t always check if the victim actually has a package in transit. They’ll either assume the victim has recently ordered something online or they’ll claim a friend or family member has sent a surprise gift. If you know that neither of these is true, you can be on the alert for a possible scam.
Don’t get scammed!
Take these precautions to avoid being the next victim of a pending package scam:
- Be wary of unsolicited communications. Your mail carrier and package delivery services will never contact you via text message. If a package cannot be delivered for any reason, they will usually leave a note on the door.
- Track all incoming packages. After placing an order for an item, record the tracking number for the package so you can easily verify its whereabouts. This way, you can quickly confirm the authenticity of any suspicious texts, emails or phone calls about your package.
- Never share personal information with an unverified contact. Be super-wary when asked to share sensitive information via text. If you suspect fraud, end the conversation immediately and do not engage further.
- Never click on links in unsolicited text messages. Links in text messages can download malware onto your computer or device.
If you’ve been targeted
If you believe you’ve been targeted by a pending package scam, it’s important not to engage with the scammer. Delete any suspicious text messages and block the number of the contact. You can also report the scam at FTC.gov .
How to Spot a Counterfeit Bill
Printers and software have gotten better, so counterfeit money has gotten harder to spot. Here are eight simple ways to detect it along with what to if you find some!
Counterfeiting is on the rise
The coronavirus pandemic has brought with it a wave of scams, with no signs of slowing down. These scams are also producing a surge of counterfeit bills into circulation. Using cutting-edge technology, scammers create bills that look just like the real thing to the untrained eye.
Unfortunately, once counterfeit bills are passed, their new owner can become liable for passing them on to someone else.
In an effort to combat the reach of counterfeit bills, the Secret Service and the U.S. Treasury have added several identifying features to legitimate dollar bills to help citizens and business owners determine whether they are authentic.
The Real Deal - 8 Things to Look For
Here are eight things to check for when determining if a bill is the real deal.
1. A hologram of the face image on the bill
When held up to the light, the hologram on the bill should match the face on the front of the bill. Scammers will often bleach a lower denomination bill and try to pass it off as a bill of a higher denomination — but they can’t change the interior hologram. So, if the $100 bill is really a counterfeit bill created from a $5 one, holding the bill up to the light will reveal the face of Abraham Lincoln, and not Benjamin Franklin, who appears on authentic $100s.
2. A thin vertical strip of text spelling out the bill’s denomination
Holding the note up to the light will also display this sign of authenticity on genuine bills.
3. Color-shifting ink
All new-series bills, except for fivers, were designed with this trick: If you tilt the bill back and forth, the numeral in the lower right hand corner will shift from green to black and back to green again.
4. Watermark
The watermark of the bill can be seen in an unprinted space to the right of the portrait when the bill is held up to the light.
5. Security thread
Also apparent when the bill is held up to light, the security thread is a thin strip running from the top of the face on the bill until its bottom. The security strip is positioned to the right of the portrait on $10 and $50 bills, and to the left of the portrait on $5s, $20s and $100s.
6. Ultraviolet glow
You’ll need an ultraviolet light for this to work, but it’s an instant reveal about the bill’s authenticity. When held up to an ultraviolet light, $5 bills glow blue, $10 bills glow orange, $20 bills glow green, $50 bills glow yellow, and $100 bills glow red.
7. Microprinting
For yet another sign of a bill’s authenticity, you can look for tiny microprinting on the bill’s security thread, which spells out its denomination in all-caps text.
8. Fine line printing patterns
Look for very fine lines behind the portrait and on the other side of the bill as well.
What to do if you’ve been passed a counterfeit bill?
If a note you’ve been passed does not hold up to the authenticity test, and you believe it’s a
counterfeit bill, the U.S. Treasury advises the following course of action:
- Do not put yourself in a position of danger.
- You can also mail it to your nearest Secret Service office.
- Do not return the bill to the passer.
- If possible, delay the passer with an excuse.
- Take note of the passer’s physical appearance and record their vehicle license plate if possible.
- Contact your local police department or call your local Secret Service office.
- Write your initials and date in the white border area of the suspected counterfeit note.
- Do not handle the counterfeit note. Place it inside a protective cover, a plastic bag or an envelope until you can pass it on to an identified Secret Service Special agent.
Counterfeit cash can be harder to spot than you think. Don’t get stuck holding the bag! If you think you’ve been passed a counterfeit bill, and the note is missing the signs listed above, follow the advice of the U.S. Treasury to keep your hands clean.
Resources
Sources:
https://www.businessknowhow.com/security/counterfeitmoney.htm
https://www.wvnews.com/news/wvnews/holograms-presidential-faces-will-authenticate-dollar-value-state-police-say/article_a415a9a8-1979-5d1f-95e6-7e75575589cf.html
Is it a good time for a HELOC?
If you’re looking for some extra money to use for a home improvement project, debit consolidation, family vacation, college tuition, new appliances, furniture or other major purchases consider tapping into your home’s equity. One great way to do this is by opening a home equity line of credit, or a HELOC. Let’s take a closer look at HELOCs and why they can be an excellent option to get the cash you need.
What is a HELOC?
A HELOC is a revolving credit line allowing homeowners to borrow money against the equity of their home. The HELOC is like a second mortgage on a home; if the borrower owns the entire home, the HELOC is a primary mortgage.
Given that a HELOC is a line of credit and not a fixed loan, borrowers can withdraw money from the HELOC as needed rather than borrowing one lump sum. This allows for more flexibility than a fixed home equity loan and is especially beneficial for borrowers who don’t know exactly how much money they’ll ultimately need.
Borrowers withdraw funds (aka “draws” or “advances”) from the HELOC during a set amount of time that is known as the “draw period”. At Kellogg Community Credit Union, we allow borrowers to draw from their HELOC for the first 5 years. The first 5 years will be interest-only payments. There is no set amount that has to be withdrawn every time; however, the first advance has a minimum of $500.
How do I repay my HELOC?
When the draw period ends, some lenders will allow borrowers to renew the credit line and continue withdrawing money. Other lenders require borrowers to pay back the entire balance due, also known as a “balloon payment.” Still others allow borrowers to pay back the loan in monthly installments over another set amount of time, known as the “repayment period.” Repayment periods are generous, lasting as long as 20 years.
KCCU offers all those options:
- Renew the credit line
- Pay back the entire balance
- Pay back during the “repayment period”.
How can borrowers spend the money?
While home improvement projects are popular uses for HELOCs, borrowers are free to spend the money however they please. Some other uses for HELOCs include debt consolidation, funding a wedding, dream vacation or paying for large purchases and even paying for college expenses.
Is everyone eligible for a HELOC?
Like every loan and line of credit, HELOCs have eligibility requirements, which help lenders determine the applicant’s financial wellness and responsibility. Most notably, the borrower must have a minimal amount of equity in the home. You can contact a member service representative at KCCU to help you determine your HELOC eligibility.
How much can I borrow with a HELOC?
HELOC amounts vary along with three criteria: the value of your home, the percentage of that value the lender allows you to borrow against and the outstanding amount on an existing mortgage.
For example, if you have a $300,000 home with a mortgage balance of $175,000 and your lender allows you to borrow against 85% of your home’s value, multiply your home’s value by 85%, or 0.85. This will give you $255,000. Subtract the amount you still owe on your mortgage ($175,000), and you’ll have the maximum amount you can borrow using a HELOC, which is $80,000.
What are the disadvantages of a HELOC?
A HELOC is secured by your home’s equity, which places your home at risk of foreclosure if the HELOC is not repaid. Before opening a HELOC, it’s a good idea to run the numbers to get an idea of what your monthly payments will look like and whether you can easily afford to meet them.
If you don’t plan to stay in your home for long, a HELOC may not be the right choice for you. When you sell your home, you’ll need to pay off the full balance of the HELOC.
A HELOC can be a great option now
HELOCs have variable interest rates, which means the interest on the loan can fluctuate over the life of the loan. This variable is based on a publicly available index, such as the U.S. Treasury Bill rate, and will rise or fall along with this index, which is currently near historic lows. The low rates make it an excellent time to take out a HELOC with manageable payback terms
Are you looking to tap into your home’s equity with a HELOC? Call, click, or stop by Kellogg Community Credit Union today to get started. Our low rates and generous terms make a Kellogg Community Credit Union HELOC a great choice to get the money you need.
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