Equity Loans vs Equity Lines of Credit – Fox 8 (Part IV)
Christine Blake, CEO of Cardinal explains the differences between Equity Loans and Equity Lines of Credit:
Cardinal is helping to bridge the financial literacy gap.
Mentor High School will soon be home to a new in-school branch of Cardinal Credit Union aiming to teach students the importance of personal financial management skills.
Credit Cards – Fox 8 (Part III)
David Moss from Fox 8 News garners credit card insights from Cardinal Credit Union CEO, Christine Blake.
Best time to Refinance – Fox 8 (Part I)
When is the best time to refinance your home? Listen as David Moss of Fox 8 News speaks to Cardinal Credit Union CEO, Christine Blake.
4 Finance Topics Every Kid Should Know
It’s never too early to learn how to handle your money. Imagine if your child were suddenly about to move out but never learned how to manage an income. The things kids need to know about finances are not that different than what adults need to know. However, it’s always better to think ahead and prepare your child for life away from the nest. Remember, these tips are pretty simple, so start early with your child and plan for the future. Need vs Wants This might be one of the more difficult concepts for younger people to grasp. There is…
How much money you could have in retirement savings and Social Security on a $50,000 salary
If you’re like most Americans, you don’t know how much money you will need to retire comfortably. Sadly, 56% of Americans say they aren’t sure how much they’ll need in savings to make it through retirement, according to Northwestern Mutual’s 2019 Planning & Progress Study. And it’s not a surprise as to why. Experts recommend saving 10% to 15% of your income for retirement. And if you have a traditional job, you already pay 6.2% of your salary in Social Security taxes. But it can be hard to decipher how much money that will give you later on. In this case, there are…
Cardinal Credit Union: Empowering Young Adults Through Financial Literacy Education
YOUNGSTOWN, Ohio — A group of Youngstown State University students in a national co-ed professional fraternity gave up their winter and spring breaks to teach marketing, finance and entrepreneur skills to kids as part of Junior Achievement. The marketing students were among 10 volunteers and businesses honored Tuesday morning at the Junior Achievement of Mahoning Valley’s recognition breakfast. The nonprofit organization is celebrating 100 years of providing education in financial literacy, college and career readiness and entrepreneurships through business partners and volunteers from Columbiana to Ashtabula. JA President Michele Merkel reported the 584 volunteers served 12,192 students in 87 schools.…
HABITS that Build Financial Well-Being
HABITS that Build Financial Well-Being October is Financial Planning Month. What is the definition of Financial Well-Being? According to the CFPB, financial well-being is defined as: “A state of being wherein you have control over day-to-day, month-to-month finances; have the capacity to absorb a financial shock; are on track to meet your financial goals; and have the financial freedom to make the choices that allow you to enjoy life.” With this definition in mind, SAM suggests these guiding principles for structuring your financial habits: Spend less than you earn - Bolster your savings and reduce your expenses. Remember, just because…