HRCCU Blog on Finance, Banking, Saving & More – Page 9

adult hand holding a silver pen writing finances in a small notepad next to a black calculator and money

How Does Inflation Affect the Cost of Living?

For most of recent history, the concept of inflation has been fairly abstract. As recently as 2018, the worldwide inflation rate was as low as 1.8%. However, much of that changed in 2021 when inflation started to skyrocket, partially in response to the global COVID-19 pandemic. For the average consumer, however, the abstract concept of… Read more »

woman with red nail polish on her fingers wearing a black shirt with a white pattern shaking the hands of a man wearing a black coat, holding house keys

Understanding Bank Appraisal vs. Market Value When Buying a Home

When consumers are in the market to buy a home, financial factors are often top-of-mind. This includes everything from monthly payments and interest rates to the difference between the appraisal and market value of homes they are considering buying. In a dynamic real estate market, understanding bank appraisal versus market value is critical when it… Read more »

man wearing a black shirt holding a glass mason jar filled with coins that has been labeled “savings”

How Beginners Can Get an Auto Loan

Buying your first car, whether it’s brand new or previously owned, is a huge and exciting milestone in life. However, navigating the world of auto loans is also incredibly complex. For those who are unsure about how to get a car loan, it’s important to get educated — and pre-approved, before going to a dealership…. Read more »

closeup of purple flowers growing in green grass in front of a home with the lights turned on

How to Protect Your Home While Away

One of the true joys of summertime is taking a trip with family or friends to enjoy the longer days and warm weather. However, before getting caught up in the excitement over leaving, it’s important to remember that preparing a house for vacation is a necessary precaution before jumping in the car or boarding the… Read more »

System Upgrade Information for HRCCU Members

Last month, HRCCU CEO Sue Commanda announced an exciting new upgrade to our members’ banking experience. The new system upgrade will officially roll out on Monday, July 18, 2022, and offers users a new level of convenient, personalized service. Here’s a breakdown of what you need to know about the HRCCU system upgrade. HRCCU System… Read more »

The 2022 HRCCU Scholarship Winners Announced!

One way of achieving our mission at HRCCU is by awarding local, college-bound, high school graduates with scholarships to help relieve some of the financial burden often faced with paying for college. As a local, not-for-profit credit union, the staff and board of directors at Hudson River Community Credit Union (HRCCU) are dedicated to helping members… Read more »

cracked, red brick wall with the radon symbol next to the image of a white house under a magnifying glass

Reducing Your Home’s Risk of Radon

Radon is a colorless and odorless gas that is released from the natural breakdown of uranium in rocks, soil, and water. It’s also one of the leading causes of lung cancer in nonsmokers. Although many people may not think much about the risks associated with radon, the gas can build up to dangerous levels inside… Read more »

overhead shot of a suburban neighborhood with white and tan houses and green lawns

Our 2022 Housing Market Predictions for Spring

Throughout much of 2021, buyers  found the housing market challenging to navigate. All-time low mortgage interest rates combined with a finite number of listed properties led to bidding wars that drove asking prices upward by 18.5% according to the Federal Housing Finance Agency (FHFA) — leaving many prospective homebuyers with no choice but to rent…. Read more »

brunette HRCCU mobile banking and budgeting app user holding up iPhone with the blue HRCCU logo on it

5 Budgeting Apps to Save Money

Managing personal finances and expenses by budgeting can be simple with the right tools. When it comes to online or mobile budget apps, a lot of options are out there — but not all money management apps are created equal. Before scrolling through the app store for a free budget app or expense tracker, it’s… Read more »