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    Understanding Your Savings Account

    Last updated 2 days 19 hours ago

    Opening a savings account and contributing to it regularly is a critical step in safeguarding your financial future. When you deposit money in a savings account, you earn interest on it, which is automatically deposited into your savings account. The higher your balance, the more interest you’ll earn.

    To learn more about savings accounts, watch this video. This financial expert briefly discusses the differences between savings accounts, money market accounts and CDs. Since the interest rate on savings accounts can vary widely among various financial institutions, it’s a good idea to shop around. Typically, credit unions offer the most competitive interest rates.

    NSWC Federal Credit Union offers our members a comprehensive suite of savings solutions, including our regular share, premium savings, and prime share savings accounts. You can open a savings account today by visiting one of our convenient branches in Virginia or by calling our credit union at (877) 274-2805.

    A Look at the Credit Union Services Available on Our Website

    Last updated 3 days ago

    NSWC Federal Credit Union is dedicated to continually improving our customers’ experiences with our online banking services. By logging into the ShareNET website, you can view all of your accounts and transactions with ease. You can pay your bills online, make easy transfers, and even use our FinanceWorks services to view your complete financial picture.

    The main website offers other valuable services for our members, including an easy way to reorder your checks online. Simply follow the link on our website and enter your information to place your order. Or, use the drop-down menu on the main website to apply for a personal loan, automobile loan, mortgage or credit card online. You’ll receive a decision within 60 seconds! We also encourage our valued members to take advantage of our tools and calculators section, which includes a helpful loan comparison calculator, home and family finance information and car value information.

    At NSWC Federal Credit Union, our friendly representatives are dedicated to helping you build a secure financial future. If you have any questions about the services available at our credit union, give us a call at (877) 274-2805.

    Celebrate the 350th Anniversary of Stafford County with the Founder's Day Parade, May 3rd!

    Last updated 4 days ago

    Come out on Saturday, May 3rd and celebrate the 350th Anniversary of Stafford County with the Founder’s Day Parade. The parade starts at 9am. Additional events will follow at Brooke Point High School. NSWC Federal Credit is proud to be a sponsor of this event! Fun and entertainment for all ages!

    What You Need to Know to Protect Your Personal and Financial Information

    Last updated 24 days ago

    Identity theft is a constant and ever-growing threat. If someone steals your identity, he or she could wipe out your accounts and decimate your credit score before you even know it is happening. It is crucial to take steps to protect your personal and financial information at all times. If you suspect you have been the victim of identity theft, report it to NSWC Federal Credit Union right away. Here are some steps you can take to keep your personal and financial information safe.

    Beware of Public Computers and Wireless Connections
    Generally, it is best to use your own computer and your own home network when conducting financial transactions online or accessing your accounts. Even if you log off a public computer completely, sensitive information could be stored in the history, temporary files, and cookies. Public wireless networks have low security settings so they can be easily accessed. While this convenience is great when you want to browse the web, it means that the information you send and receive over the network is easily stolen – including your personal and financial information.

    Ignore Emails Asking for Personal Information
    No legitimate financial institution will ask for personal information, like your account numbers, Social Security number, or PIN numbers by email. Even if the email looks like it is from your financial institution, hit delete. Scammers clone emails from banks and credit unions in an attempt to get information that will give them access to your accounts.

    Read Your Account Statements
    Check all your account statements each month to look for fraudulent activity. Report any unusual transactions to the financial institution. It is also a good idea to periodically check your credit report to catch any suspicious entries.

    Fast action is critical when you suspect identity theft, so call NSWC Federal Credit Union immediately at the first sign of trouble. If you are victimized, we can help you get back on your feet and protect your assets. To learn more about all our credit union’s services, please call us at (877) 274-2805.  

    Eliminating Unnecessary Expenses from Your Household Budget

    Last updated 28 days ago

    How much money do you spend on things you never even use? If you tracked your expenses to see where your money was going, you might be surprised at how easy it is to cut your spending without feeling the pinch. Here are a few ways you can get smart about your purchases so you have extra money in your pocket for the things you really want.

    Don’t Buy Something You Hope You’ll Use
    It is easy to spend money on things you hope will get put to good use, only to find they just sit around. A good example is exercise equipment. Many people invest thousands of dollars in equipment and then leave it untouched. Before you spend money on things like exercise equipment, cooking gear or supplies for a new hobby, make sure you are truly engaged. For instance, commit to running around your neighborhood for a few months before you treat yourself to a treadmill.

    Skip Impulse Purchases
    Retail stores are set up to encourage you to make impulse buys. From candy and magazines in grocery store aisles to jewelry at clothing store registers, those last-minute purchases call out to you from everywhere. Snap decisions to spend money are seldom good for your bottom line. If you think impulse buys cannot hurt your budget, track your expenses for a month and see how money goes to towards items you never intended to buy. Get a one-track mind when you shop and only buy the things you set out to purchase.

    Avoid Trying to Keep Up
    Putting pressure on yourself to “keep up” with neighbors, family, and friends can be an expensive habit which gets you further away from your own financial goals. Resist the urge to make emotional purchases based on what you see in your neighbor’s driveway or your friend’s house and stay the course with your own budget.

    Staying on top of a household budget can be a challenge, but NSWC Federal Credit Union is here with support. With our affordable financial products and expert advice, we will help you make the right decisions with your money. To find out more about joining our credit union, please call (877) 274-2805.  

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