05 - April 2021
Improving Financial Literacy
Posted by : ProMedica FCU
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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 […]
05 - March 2021
Paying Taxes…
Posted by : ProMedica FCU
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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 […]
08 - February 2021
Financially Recovering From Job Loss…
Posted by : ProMedica FCU
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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 […]
11 - January 2021
Paying Down Credit Card Debt
Posted by : ProMedica FCU
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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 […]
03 - April 2020
COVID-19: We’re Going to Get Through This – Let Us Help Where We Can
Posted by : ProMedica FCU
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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 […]
07 - February 2020
Tips for Managing Credit Card Debt
Posted by : ProMedica FCU
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 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. […]