ProMedica FCU Articles
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Housing Market Changes

Big changes in the housing market last year provided good news to existing homeowners while presenting a challenge to consumers in the housing market. According to a Washington Post interview with the National Association of Realtors (NAR), home sales set records last year, due in part to the pandemic. From small apartments in the city […]

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The Return of Travel

As vaccinations become more readily available across the country and the light at the end of the tunnel grows stronger and closer, Americans once again find themselves getting bitten by the travel bug and will likely resume spending money on travel. Getting back to business as usual, or some sense of normalcy, is what we […]

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Improving Financial Literacy

Each year, the National Financial Educators Council releases a National Financial Literacy Test, which is taken by Americans of all ages, financial positions, and backgrounds. The test measures participants’ knowledge as it pertains to earning, saving, and growing their money. As of 2020, the average score of 15- to 18-year-olds who took the test stood […]

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Paying Taxes…

Since 1913, Americans have been paying taxes to the federal government with states adopting similar tax programs in 1930. Though this annual process has continued for decades, many Americans have been feeling anxious about taxes in recent years. According to a 2019 Nerd Wallet Report on taxes, 26 percent of Americans feel stressed or anxious […]

Financially Recovering From Job Loss…

Many Americans have spent the last several months getting back into the workforce after being laid off due to the COVID-19 pandemic. Recovering from the financial fallout can bring turmoil, but there are also silver linings. American workers became familiar with stories of job loss and salary cuts as the pandemic ravaged through 2020. According […]

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Paying Down Credit Card Debt

Just when you thought 2020 was devoid of good news for Americans – here is a small financial reason to smile! U.S. consumers paid down a record amount of credit card debt this past year. However, that does not mean American consumers now harbor less credit card debt. According to a report from the Federal […]

COVID-19: We’re Going to Get Through This – Let Us Help Where We Can

Now that we’re near the end of the second week of Ohio’s state-wide “Stay at Home” order we wanted to take a moment to give an update on the services we at ProMedica Federal Credit Union are committed to continuing to provide to all of our Members. For now, we will continue to offer extended […]

Tips for Managing Credit Card Debt

 Ohioans may fair better than the average American when it comes to credit card debt. The most recent ValuePenguin data showed the average Ohio household holds just $5,446 in credit card debt. That’s the least of any state, while the typical household in Alaska carries the most credit card debt at an average of $13,048. […]

Tips and Tricks to Help Manage Your Holiday Expenses

With the holiday season right around the corner, consumers are often unprepared for the additional expenses for those special presents and occasions and exit the holiday season with debt—a gift that unfortunately keeps on giving. According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, consumers expect to spend […]

Heat in the winter
Winter is coming—save on energy costs

Ohioans are spending a significant chunk of change on household energy costs, yet most have not evaluated potential savings opportunities. According to the 2018 Ohio Utility Rate Survey conducted by the Public Utilities Commission of Ohio, Ohio residents spend, on average, between $2,000 and $3,000 per year in household energy expenses. This range is slightly […]