AAA Auto Insurance for Members

February 23rd, 2011

For every driver, auto insurance is a vital necessity. Since there are so many confusing coverage choices, it can be challenging to find the right car insurance policy. Before purchasing auto insurance, it is important to identify your specific needs and to understand the factors that affect insurance rates. Important Coverage Considerations Becoming informed about

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Retirement Planning Tips

February 20th, 2011

Regardless of age, planning for retirement is an important component of any long-term financial strategy. Through the benefits of modern medicine, people are commonly living well into their 80s and beyond. Coupled with the continuing uncertainty surrounding social security benefits, careful planning is vital to ensure adequate financial resources are available throughout retirement. At its

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Money Market Accounts – Safety and Flexibility

February 17th, 2011

Credit Union accounts are similar to regular savings accounts, with added features designed to increase yields. Wayne Westland Federal Credit Union money market accounts offer exceptional flexibility and may prove to be the right choice for those who will not need to access their savings on a regular basis Money Market Features When considering money

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IRA – The Reliable Retirement Investment Vehicle

February 15th, 2011

With the long-term solvency of social security still in question, it is becoming increasingly important to plan for self-sufficiency in retirement. Regardless of age, IRA’s are a valuable tool provided to enhance retirement savings.  IRA and 401k Rollover services are available through Wayne Westland Federal Credit Union. IRA’s present substantial tax benefits compared to regular

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Financial Counseling – Understanding Money Management Basics

February 13th, 2011

Understanding how to properly manage money can be complex and often intimidating.  Financial counseling provides insight into many strategies that will help to reduce debt, raise credit scores, and increase savings. Usually offered through local Credit Unions, financial counseling introduces members to qualified, friendly people that are trained in a variety of financial disciplines. In

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Certificate of Deposit – The Financial Safe Haven

February 10th, 2011

A certificate of deposit is an extremely safe financial instrument designed to provide a higher yield than traditional savings accounts. CD’s can be an attractive savings alternative if the account holder does not need immediate access to the funds. Understanding CD’s Unlike stocks, bonds, and mutual funds, CD’s are not subject to daily market fluctuations. 

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Benefits of Online Banking

February 8th, 2011

To take advantage of the convenience provided by the internet, many Credit Unions are structuring their websites to accommodate interactive banking. For many members of Wayne Westland Federal Credit Union, online banking offers exceptional ease of use and a variety of services that save time and reduce banking related expenses. While some people may feel

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Mobile Banking Apps – Provides Consumer Flexibility

January 17th, 2011

Mobile banking apps provide consumers with remarkable flexibility in conducting financial transactions remotely. Unlike online banking that requires an internet or Wi-Fi connection from a specific location, mobile banking allows a member to access a variety of banking functions from a cellular connected device. As more Credit Unions adopt mobile banking formats that can be

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Saving Money through Loan Refinancing

December 29th, 2010

Refinancing can provide relief from unmanageable payments and can add additional revenue to meet other monthly obligations. Refinancing can be utilized for an individual loan, or several loans can be consolidated into a single monthly payment. The actual process of refinancing a loan consists of securing a second loan and applying those funds to pay

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Understanding Your Credit Score

December 23rd, 2010

A credit report is a reflection of an individual’s ability to manage money and debt. It serves as a tool for creditors to evaluate the credit worthiness of those seeking loans for a variety of purposes, including mortgages, vehicle loans, and revolving credit facilities. The combined record of activity in a person’s credit report results

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