HELOC for Debt Consolidation
If you’re working to pay down debt, you’re not alone. Nearly 54 million adults in the U.S. have carried debt for a year or more. With higher prices and rising interest rates, keeping up with monthly payments on top of groceries, utilities, insurance, and other essentials can feel overwhelming. One option is tapping into the […]
How to Use a HELOC to Renovate Your Home in 2025
How to Use Home Equity Lines of Credit to Renovate Your Home Key takeaways How does using home equity for home improvement work? There are two main ways to use your home’s equity for renovations: home equity loans and HELOCs. In both cases, the amount you can borrow depends on the equity you’ve built, the […]
Comparing Mortgage Loan Rates in 2025 | How to Find the Best Deal
Comparing Mortgage Loan Rates Key takeaways How to compare mortgage offers If you want the most favorable loan terms, it helps to follow a clear process when shopping for a mortgage. Step 1: Choose the right mortgage type Before requesting quotes, figure out which kind of mortgage suits your financial situation and long-term goals. Asking […]
How to Get the Best Interest Rate on a New Car Loan in 2025
How to Get the Best Interest Rate on a New Car Loans Key takeaways How to get the best auto loan rates Walking onto a car lot with financing already in place can save you money. While dealerships can arrange loans through their lending networks, relying solely on them could mean missing out on better […]
Options for Debt Consolidation in 2025
Understanding Debt Consolidation Are you finding it difficult to keep up with your bills? Debt consolidation may be a practical solution to help manage what you owe more effectively. With debt consolidation, you roll several debts into one new loan or line of credit. This simplifies your monthly payments and may allow you to secure […]
Understanding Your FICO® Score — And Why It Matters
Your Updated FICO® Score Is Now Available! At Freedom Credit Union, we want you to feel confident about your financial health. That’s why we’re pleased to share that your updated FICO® Score is now available. You can log into your online account today to view your current score and keep track of your progress over […]
Stronger Security for Your Online Banking: MFA Updates Now Live
Your New Login Experience At Freedom Credit Union, protecting your money and personal information is one of our top priorities. Last month, we let you know about upcoming changes to how you log in to your account. As of October 1, those updates are now live — giving you a more secure and streamlined online […]
A Second Chance, and a Reason to Dance
One of our members recently opened a secured checking account with us, and he’s still proudly carrying around the folder he received that day, showing it off to family like a badge of honor. Years ago, he made some mistakes that led to jail time at age 19. But after serving his sentence, he committed […]
Do Credit Unions Have Lower Loan Rates Than Banks?
Do Credit Unions Have Lower Loan Rates Than Banks? Do Credit Unions Have Lower Loan Rates Than Banks? When managing your finances, even a small difference in interest rates can have a big impact. A common question many people ask is whether credit unions provide lower rates compared to traditional banks. In most cases, the […]
What is a Share Certificate?
Here’s Everything You Need to Know If you’re looking for a simple, low-risk way to grow your savings, a share certificate may be the perfect fit. Offered by credit unions like Freedom Credit Union, a share certificate lets you earn a guaranteed, fixed rate in exchange for keeping your money in the account for a […]