Hail Damage to Homes: Know Your Insurance Policy Hail storms can wreak havoc on roofs, leaving homeowners facing repair or replacement costs. Start by checking your homeowner's insurance policy to understand what's covered and what your deductible is. In Colorado, especially on the Eastern Plains, many policies have separate roof deductibles due to the frequency of hail storms. If you're unsure...

What is a CD Account? A certificate of deposit (CD) account serves as an alternative to a traditional savings account. Unlike savings accounts, CD accounts often require a higher balance (a minimum of $500 at CUofCO), and the deposited funds remain locked for a predetermined period, known as the "term" of the account. Interest starts accruing after an initial deposit, and the account holder can...

You went from college student to alumnus in the blink of an eye. Now, as you transition to life on your own, it's wise to adjust your finances for life after college just as quickly. You may long for the days of managing a college budget with a small income and a handful of expenses, but that's no longer your reality. While your first full-time job is likely to provide you with more income, you...

Coloradans lost $28.7M to fraud in 2019. This figure includes bank fraud, which remains one of the top identity theft types in the state. Bank fraud generally involves fraud related to debit cards, electronic funds transfer, and ACH transactions. Criminals look to use your personally identifiable information to open fraudulent new accounts. Fortunately, members can keep their private information...

What Is a Money Market Account? A money market account combines the features of checking and savings accounts. Generally, money market accounts come with check-writing abilities, are federally insured, and provide a higher rate of return compared with standard checking accounts or regular savings accounts. Money market accounts differ from money market funds. The former is a deposit account, but...

Some recent surveys have shown that many homebuyers express regret. Research from Zillow, for example, showed that 75% of homebuyers wish they had done at least one thing differently. About one-third regret buying a home that needs more work or maintenance than they originally expected. And one-quarter wish they would have purchased in a different area. But don’t panic. Getting through the process...

Anyone who has ever lost sleep over credit card bills or stock market shake-ups knows that money is so much more than just a set of numbers on a screen. Money, or a lack of it, can be fraught with emotions that – in some cases – lead to health issues including anxiety and depression. A 2022 survey on money and mental health from Bankrate and Psych Central showed that a large number of Americans...

Whether or not you usually hire a tax pro to prepare your return, it pays to be prepared ahead of time. (After all, the more time your tax preparer has to spend making sense of your financial records, the more money you’ll owe for their labor.) And many tax preparers charge more the closer it gets to April 15, which is why it’s vital to start early and gather your materials well before the filing...

Meet Quinn. She’s 34, and a Director of Communications for a medium-sized accounting firm in Denver. Quinn lives in RINO, has two Labradors (Sadie and Harper) and she loves her Visa Signature® card from Credit Union of Colorado. Quinn is savvy when it comes to card shopping. She knows she could find comparable cards at bigger banks, but she appreciates the commitment CUofCO makes to her community...

Dear Members, During the past few days there has been uncertainty in the financial system resulting from questionable business decisions made by Silicon Valley Bank and Signature Bank. These failures resulted from insufficient risk management practices at these institutions and are not systemic issues that will impact Credit Union of Colorado. Credit Union of Colorado’s balance sheet is strong...