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What is a Savings Account?

A savings account is a place for you to store money, that isn’t being used, in a secure place where it can earn interest, which grows your overall savings. Savings accounts help you distinguish between everyday spending money and the cash that’s meant for a later date, so that you can avoid overspending, over drafting, and fees.

First Alliance Credit Union Pays Off Delinquent Lunch Accounts at Rochester Public Schools

First Alliance Credit Union donated $8,500 to the Rochester Public School’s Student Nutrition Services. The funding will be used to pay down delinquent lunch accounts across the district, providing needed financial relief for many local families.

Five Financial New Year’s Resolutions That Are Easy To Keep

Everyone knows that January 1 is a time for making New Year’s Resolutions. Everyone also knows most people give up on their Resolutions by January 2, although some strong-willed individuals may actually last until January 3.

Switching Financial Institutions Isn't As Bad As It Seems

Banking is a necessary evil right? Most of us don't really think about switching financial institutions, and if we do, we most likely think of it as a huge hassle. Actually, switching financial institutions isn't as bad as it seems. Check out our tips to make the switch relatively painless:

15 Money Hacks to Make Managing Money Easier

Sometimes we just need our finances to be easy! Here are fifteen ways to hack your finances to make managing them less stressful. Try one or all of them to gain control over your money and your financial future.

Good Debt vs. Bad Debt

According to most financial gurus, one of the best ways to improve your financial situation is to get rid of debt. In general, this is good advice. Owing money you can’t afford to pay back can haunt you for a long time, and it could potentially wreck your credit if you’re not careful.

What To Do If You Win The Lottery

You probably know that winning the lottery is a pipe dream. You’re more likely to be struck by lightning than win the lottery, and you also know that investing your money wisely will eventually give you a better return than you’ll ever get from a lottery ticket. However, there is one dirty secret about the lottery. It’s something very few people want to think about.

Direct Deposit: What It Is and How to Set it Up

There are three main ways you can receive payments: cash, checks, or electronically. Each of these payment methods has its advantages and disadvantages. One method, though, can give you a huge advantage when it comes to helping you manage your personal finances, a form of electronic payment called direct deposit.

How To Go Christmas Shopping Without Going Bankrupt

As you may have heard from Alvin and the Chipmunks, Christmas, Christmas, time is here. Time for toys and time for cheer. The only problem is that in addition to toys and cheer, Christmas is also time for office holiday party gifts, groceries for Christmas dinner, new Christmas outfits, and traveling expenses.

Why You Need to Add Beneficiaries to Your Accounts

The one part of financial planning nobody likes to think about is who will manage your accounts after you’ve passed away. This is understandable. Nobody really likes thinking about what happens after they’ve died, and trying to divide up even a small estate can seem intimidating.