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...

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...