One-Minute Read: Can a Car Loan be Refinanced?

Absolutely! Refinancing an auto loan is a smart way to potentially lower your monthly payments, reduce your interest rate, or adjust your loan term to better fit your financial situation. If your credit score has increased or if rates have dropped since you received your loan, refinancing could be a great option.  At PEFCU, we make the refinancing process straightforward and convenient. By refinancing your auto loan with us, you can take advantage of our competitive rates and flexible terms*. Plus, you can apply easily at PEFCU.com.  Ready to see how much you could save? Visit our website today and…

September 17, 2024One Minute Reads, Wallet Wins No Comments
One-Minute Read: Can a Car Loan be Refinanced?

Absolutely! Refinancing an auto loan is a smart way to potentially lower your monthly payments, reduce your interest rate, or adjust your loan term to better fit your financial situation. If your credit score has increased or if rates have dropped since you received your loan, refinancing could be a great option.  At PEFCU, we make the refinancing process straightforward and convenient. By refinancing your auto loan with us, you can take advantage of our competitive rates and flexible terms*. Plus, you can apply easily at PEFCU.com.  Ready to see how much you could save? Visit our website today and…

Are Credit Unions FDIC Insured? – One Minute Reads

If you’ve ever wondered whether credit unions are FDIC insured, the short answer is no. However, credit unions have their own equivalent protection through the National Credit Union Administration (NCUA).  The FDIC (Federal Deposit Insurance Corporation) insures deposits at banks, ensuring that your money is safe up to $250,000 per depositor, per insured bank. Credit unions, on the other hand, are insured by the NCUA (National Credit Union Administration) through the National Credit Union Share Insurance Fund (NCUSIF). This coverage also protects deposits up to $250,000 per individual depositor.  So, while credit unions aren’t FDIC insured, the NCUA provides a…

August 1, 2024One Minute Reads, Uncategorized No Comments
Are Credit Unions FDIC Insured? – One Minute Reads

If you’ve ever wondered whether credit unions are FDIC insured, the short answer is no. However, credit unions have their own equivalent protection through the National Credit Union Administration (NCUA).  The FDIC (Federal Deposit Insurance Corporation) insures deposits at banks, ensuring that your money is safe up to $250,000 per depositor, per insured bank. Credit unions, on the other hand, are insured by the NCUA (National Credit Union Administration) through the National Credit Union Share Insurance Fund (NCUSIF). This coverage also protects deposits up to $250,000 per individual depositor.  So, while credit unions aren’t FDIC insured, the NCUA provides a…