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Who Else Should Know About a Loved One’s Passing

It can be emotionally draining to utter the words that a loved one has passed away. After sharing the tragic news with immediate family, figuring out who else should be notified can seem like a monumental task. But quickly alerting others could lighten the financial burdens that may arise after a loved one’s passing. Here’s a list of people and organizations that should be notified of the death...

How to Separate Your Finances After a Breakup

Many people find themselves stuck in financial limbo after a breakup, unsure how to untangle joint accounts, shared debts, and co-mingled assets without damaging their financial futures. But delays can unnecessarily hurt credit scores or lead to unexpected legal battles. A step-by-step approach is typically needed to effectively separate finances while protecting personal interests. Here’s how to...

Budget for These Commonly Overlooked Car Ownership Expenses

All it took was one final test drive to convince yourself that you'd found "The One" — the perfect vehicle. It meets all your specs, including color, style, and safety features. And with financing in order, you're ready to grab the keys to your new (or new-to-you) vehicle. But before you sign on the dotted line, slide into the driver's seat, and drive off in your new ride, slow down and double...

How to Complete a Mid-Year Financial Checkup

It’s understandable that you might not want to check in on your finances. Daily news reports featuring a tumbling stock market and growing inflation are enough to make you want to lather on another layer of sunscreen, hang out by the pool, and delay reviewing your financial accounts until the fall. But these very circumstances make it even more critical that you review your financial progress...

Our Response To The Recent Bank Failures

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...

5 Simple Actions That Help Protect Your Account Against Fraud

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...

Should You Use a Home Equity Loan or a HELOC?

If a home repair or improvement project is on your summer "To Do" list, using the equity in your home to pay for it might make good financial sense. However, choosing between a home equity loan and a home equity line of credit (HELOC) to fund your project isn't always an easy decision. While both loan types use your home as collateral, each has its unique benefits and potential drawbacks. Get...

Vehicle GAP Insurance

If your vehicle is stolen or totaled, our Guaranteed Asset Protection can give you added peace of mind. GAP pays the difference between your auto insurance’s settlement and the remaining loan amount (directly related to the vehicle purchase), up to the maximums allowed by the Credit Union and/or the state.

Credit vs. Debit Cards: How They Differ and Why It Matters

Contactless payment systems, digital wallets, and peer-to-peer (P2P) payment apps reduce the need to carry cash. Shoppers only need to preload credit or debit card information into their mobile device to experience incredible convenience. Saying “Yes” to virtual plastic and “No” to physical cash also provides fraud protection and simplified recordkeeping. Credit and debit cards often possess...

Mechanical Repair Coverage

Car trouble is more than a hassle; it's expensive. Now you can get peace of mind on the road when you have Members Choice Mechanical Repair Coverage (MRC) from Credit Union of Colorado. MRC insures your vehicle against almost all mechanical breakdowns. You can get MRC coverage on most vehicles that are 15 years old or newer, except Saab, with fewer than 150,000 miles . It’s also available for...