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Understand Good and Bad Debt An excerpt from Managing Your Debt from CUNA While some debt is okay, too much debt is not. So, how do you know whether you have too much debt or not? First let’s look at two different kinds of debt we might incur. 1. Investment Debt First, there is investment debt, such as the debt incurred to buy a home (mortgage) or to start a business. Generally, this kind of debt is used to purchase assets that when liquidated will provide cash to repay the debt, or will provide income or have use value over the life…

by MoneyAndStuff.info in Financial Tips Comments Offon Five things to do before making a big purchase Nearly 18 million Americans will buy a new vehicle this year. Over half of all Americans plan to buy a house in the next five years. As more consumers make major purchases, the demand for affordable loans will rise. How can consumers take action to save on financing costs and find the most affordable loan? According to a recent survey, many Ohioans planning to purchase a car or home have taken steps to prepare. Fifty percent of respondents indicated they would use money from savings for a…

Know how habits are formed In his book The Power of Habit, Charles Duhigg explains that habits go through a cue-routine-reward loop. First, something cues or triggers us to take an action. We go through the routine of that action, and we get a reward. To use an example from Financially Fearless, let’s say you have a habit of spending $5 on a snack every day at 4:00 p.m. You have to take a step back and understand what your cue is. Are you hungry at that time? In need of a break from work? If the real reward is…

Award Winning 25th Business EXPO Showcasing Local Businesses If you are looking for ways to expand your business, or are seeking enhancements to the services you provide customers, please join Cardinal Credit Union at: Thursday, May 9, 2019 Hilton Garden Inn & 700 Beta Conference Center, Mayfield Village 3:00 PM – 7:00 PM:  Exhibits Open Grow your business with the connections you will make and we will provide: Special Guests, Raffle, Cake, & more! Bring your friends, co-worker, colleges for an afternoon of fun and relationship building. Free Attendance with a business card! See you at the Business Expo!

Cardinal announces new Willoughby Branch Manager: Jared Furnia. Six years ago, I began my banking career at First Federal of Lakewood. Within a year, I was promoted to Branch Operations Manager. And in March 2018, I transferred to Rocky River to serve as their Manager, and dedicated the remainder of my tenure to operations and sales of the Rocky River Branch. I was instrumental in increasing deposits on file, developing a robust loan pipeline, as well as achieving my national mortgage license. I grew up in Syracuse, New York,  but moved to Ohio in 2013 to begin a banking career…

Celebrated as “Children & Youth Month” since 1938, April is the perfect time of year for everyone to demonstrate that Americans are committed to their communities, and all the children that inhabit them. America’s youth represent the future of our nation. It is up to us to equip them with financial knowledge, leadership skills, and a commitment to serve others, that will remain with them into their futures. Cardinal Credit Union has been actively involved in Financial Literacy Education with children of all ages, since its inception, in 1953. In many instances, Cardinal has been the driving force on behalf…

Important Information About our Westlake Branch Dear Members, Cardinal Credit Union has made the difficult decision to close its Westlake Branch, located at 26931 Detroit Rd., Westlake, OH.  While this branch will permanently close its doors on May 28, 2019, Cardinal will continue to operate as it has for over 66 years.  The branch staff will take other positions within the credit union. Read on to learn about some alternative service options that are available to you. Please review the accompanying Member Resource Guide for convenient access options. We continue to offer amazing deposit and loan rates. Our 12-month certificate…

When? Saturday, March 9, 2019 Where? LaMalfa Holiday Inn 5783 Heisley Road Mentor, OH 44060 (click for directions) Tickets are free to members, $12.50 for non-members Tickets available until March 2nd  at any Cardinal Branch Doors open and breakfast is served at 9:30 AM Meeting begins at 10:00 PM Breakfast buffet & door prizes

Accessing Your Account Information When using Cardinal’s Telephone Banking for the first time, have your member number handy and the last 4 digits of your Social Security Number. The system will then guide you through the process of choosing a new access code. Change your access code to a 4 digit number that only you know. Note: Your new access code cannot start with a zero. It’s fast and easy to use You get immediate access to a variety on Cardinal account information right over the phone, including: Checking and savings account balance information Recent account activity - last 10…