ProMedica FCU Articles
Identity Theft
Consumers, be wary: Identity theft is on the rise

If you’ve been a victim of identity theft, you’re not alone. Thirty-three percent of Ohioans reported that they’d been victimized by fraud and/or identity theft in a year-end 2016 survey conducted by the Ohio Credit Union League. More could have suffered at the hands of fraudsters without knowing it yet. In 2015, Ohio had the […]

Teen Driver
Breaking News: Parents and Teens Disagree on Auto Ownership

Here’s a finding that will surprise nobody: 76% of teens say they’re ready for a car, while 85% of parents disagree. This comes from independent research conducted for Junior Achievement & American Honda Finance Corporation. The discord may lie in the fact that 86 percent of teens feel that parents should help them with automobile expenses […]

Travel
Travel Smarter and Save Bigger this Summer Vacation

Spring flowers are in full bloom, which can only indicate one thing: summer is nearly upon us. For many, that means it’s time for a well-deserved vacation with family and friends. In a year-end 2016 survey conducted by the Ohio Credit Union League, an overwhelming majority of respondents, 71 percent, are planning to get some […]

Debt
Drowning In Debt

Nearly three quarters of Americans are struggling with debt and the burden is significant in terms of both size and duration, according to a new study from insurer Northwestern Mutual. The company found that, among Americans with debt, 4 in 10 (45%) spend up to half of their monthly income on debt repayment. Nearly half of […]

Mortgage
Mortgage Rates Do an About-Face

Mortgage rates started the year on a tear, continuing an upward trend that push them to highs not seen in years. There was one-party rule in Washington! A new president who wanted to spend a trillion on infrastructure! An aggressive Fed eager to push interest rates higher and higher! And then, reality set it. First, […]

Financial Literacy
Why financial literacy isn’t just one person’s responsibility

Since 2003, April has been designated “Financial Literacy Month” by the federal government, and for good reason. Although most would agree it’s important for people to learn (preferably early) the life skills that set them up for financial success, studies consistently indicate Americans are generally not sufficiently educated about their personal finances. Respondents in the […]

Vacation
Does Vacation Shaming Keep You from Relaxing?

U.S. workers are feeling more guilt than ever before about planning and taking their vacations, according to a new survey from Alamo Rent A Car. Overall, the rental car firm’s Family Vacation Survey  around half (49 percent) of all American workers report feeling vacation shamed – being made to feel shame or guilt by co-workers […]

Technology
How is technology changing the way consumers manage their finances?

Consumers rely on their financial institutions for multiple reasons and define their convenience based on their habits. As technology continues to evolve, these habits are drastically impacted. In a time when smartphones are becoming more and more integral to consumers’ daily lives, financial institutions are increasingly using mobile devices to provide services to their customers. […]

Car Shopping
Five Ways to Turbo Charge Your Car Shopping Process

More than 23 percent of Ohio consumers are considering purchasing a vehicle this year, and 83 percent are more likely to finance the purchase than pay cash, according to a consumer survey conducted by the Ohio Credit Union League. When asked what factors respondents considered when vehicle shopping, 67 percent said monthly payment is the […]

Car Value
These Vehicles Have the Best Resale Value

A great deal on a new vehicle will only stay great if the operating costs remain competitive, and the resale value is strong at trade-in time. A new report from Kelley Blue Book examines the latter. KBB recently ranked vehicles on resale value, and awarded top honors to the best 10. The company’s annual Best […]