Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Ohio CUs CUNA offer tips for holiday shoppers
DUBLIN, Ohio (12/3/07)--Ohio credit unions are reminding shoppers to spend their money wisely during the holidays and are offering tips on how to avoid debt. Although consumers are concerned about rising expenses, such as gas, spending will increase this year compared to last year, said Credit Union National Association (CUNA) Chief Economist Bill Hampel. “This time of year, we tend to lose weight in our back pocket,” said Paul Mercer, Ohio Credit Union League president. “While we do not want to downplay the importance of giving to our loved ones and those in need, we do want to make sure consumers are not spending irresponsibly and finding themselves racking up excessive debt.” About 76% of credit unions offer Christmas Club accounts, which allow members to set aside a specified amount from their paychecks throughout the year. When the holidays arrive, funds from the Christmas Club accounts are transferred into members’ checking or savings. Some suggestions that credit unions can offer their members during the holidays include:
* Make a list of gifts and dollar amounts; * Avoid using credit cards; pay for gifts with cash; * Shop early and compare prices; * Take advantage of sales and coupons; * Don’t shop for yourself; * Pay with a credit card instead of a debit card, because credit card charges can be disputed; * Prevent identity theft by not using debit cards for online shopping; and * Create a timeline for paying off holiday bills--such as by Valentine’s Day.
Other Resources

RSS print
News Now LiveWire
MA legislative young interns get own version of reality fair @DailyCUScan See #NewsNow http://t.co/DIrZFMF09X
4 minutes ago
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
17 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
17 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
18 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
18 hours ago