Finance Articles

5 Benefits of a Credit Union Membership

5 Benefits of a Credit Union Membership

You’ve heard of credit unions. You may know someone who belongs to one, or you have one nearby. Maybe you even know that you’re eligible to join one. But what is a credit union, and what is the difference between a bank and a credit union? Here, we’ll list and explain...

Is Freezing Your Credit a Good Idea?

Is Freezing Your Credit a Good Idea?

Identity theft is big business for criminals. According to the Federal Trade Commission, there were 4.72 million reports of identity theft and fraud in 2020 alone. Sadly, as each year passes, the number of people falling victim to this criminal activity continues to...

How to Get the Most Out of Your Credit Union Membership

How to Get the Most Out of Your Credit Union Membership

Joining a credit union introduces a variety of benefits to those who join. Since you as a member are also an owner, a credit union can offer you a wealth of perks. Credit unions are financial institutions owned and operated by their members as opposed to traditional...

How Can I Check If Someone Is Using My Identity?

Identity theft is a common occurrence with over two million fraud reports in 2020. One question many people have after a compromise of their personal information or property is, “how to check if someone is using my identity?”. We’ll cover what identity theft is, how...

How Credit Card Skimming Works & What to Look Out For

How Credit Card Skimming Works & What to Look Out For

Credit card fraud is increasing and so is the number of ways criminals can access your accounts, steal your money, and make fraudulent purchases. Credit card skimming is when a device is attached to an ATM or payment terminal. Crooks target online shopping now, too....

Are Credit Union Loans Better? (Yes + Here’s Why)

Are Credit Union Loans Better? (Yes + Here’s Why)

Are credit union loans better than loan options from other sources? The short answer is yes! If you aren’t familiar with credit unions, they offer borrowers a smaller and more specialized alternative to traditional banks and lenders. Keep reading to learn some of the...

Banks vs Credit Unions: Which Is Best For You?

Banks vs Credit Unions: Which Is Best For You?

Choosing a financial institution is a big decision. You’re deciding the place you are going to trust with your hard-earned money and financial future. When it comes to where you’re going to open a bank account, you may be wondering about banks vs. credit unions and...

Why Credit Unions Are Good For the Local Community

Why Credit Unions Are Good For the Local Community

Credit unions contribute much to areas they serve. From providing financial services to lending a hand when needed, credit unions are good for the community. GHS Federal Credit Union has a proud and rich history of giving back to our members and supporting our...

What You Should Do If Your Credit Card Is Stolen

What You Should Do If Your Credit Card Is Stolen

Fraudulent credit card activity is on the rise, and the numbers highlight this disturbing trend. According to the Federal Trade Commission, consumers submitted more than 2.1 million fraud reports in 2020 and reported a loss of $3.3 billion – a sharp rise from the $1.8...