Senate Cents: A Financial Wellness Blog

The 2023 Family Car Buying Guide

Published: January 24, 2023

As we look forward to 2023, buying a family car may feel impossible - and don't get me wrong, it's hard - but there are steps you can take to make the process feel a little smoother, especially once you understand how purchasing a vehicle has changed over the last few years.

Here are 3 Crucial Things You Need to Know Before Buying a Car in 2023

Published: January 17, 2023

The U.S. Federal Reserve has been raising its benchmark interest rates aggressively to tame white-hot inflation. That has translated into higher borrowing costs - especially if you want to finance a new car. According to the automotive information website Edmunds, the average annual percentage rate for a financed new car purchase was 6.3% in October 2022, a big jump up from 4.2% in the year-ago period. In fact, we could be heading for the highest APR on new car loans since early 2009, according to Bloomberg. And that could be costly for new car buyers.

Why Choose a Money Market?

Published: September 6, 2022

Earning a competitive yield, having easy access to your money and safety are some of the top reasons to consider opening a money market account. Here are four advantages of storing your savings in this type of account.

Four Benefits of a Share Certificate

Published: August 29, 2022

Share certificates might be one of the best wealth-building tools you've never heard of. When you open a share certificate from your credit union, you get to select a term that fits your financial goals. Their low initial deposit requirements make them an excellent option for new investors who may not be able to commit large amounts. They come with the security of federal insurance.

Back to School Tax-Free Shopping

Published: August 2, 2022

Many households are grappling with soaring prices on gas, groceries, and other essentials, and now it's time to shop for back-to-school supplies. If you're looking to save, here are some strategies to help cut costs on back-to-school items.

Buying a Car, Gas or a Home: How Everything Is Different Now

Published: July 26, 2022

When it comes to driving these days, it's been feeling a little like, "You can't get there from here." For one thing, a typical monthly new car payment has shot up to over $700. And it feels like it costs us about that much just to buy gas every month, am I right? Buying a house today is also fraught with good news/bad news scenarios.

Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

- James · Locust Grove, GA

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

- Larry · Cumberland, MD

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

- Eliza · Washington, DC

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

- Charles · Upper Marlboro, MD

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

- Denise · Washington, DC

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

- David · Silver Spring, MD

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

- Manuel · Bowie, MD

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

- Misty · Brookings, OR

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

- Tamra · Denver, CO

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

- John · Fort Washington, MD

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

- Bernard · Richmond, VA

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

- Erwin · Ellicott City, MD

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

- Ruth · Takoma Park, MD

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

- Jacquelyn · Sanford, FL

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

- Jamie · Washington, DC

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

- Kathleen · Ukiah, CA

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

- Richard · Washington, DC

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

- Nicole · Alexandria, VA

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

- Angela · Alexandria, VA

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