• ENDWELL, N.Y. – Financial Wellness Bootcamp, a contest from Visions Federal Credit Union, has concluded and Robert Moore of Binghamton was one of the participants. The contest, launched in June 2021, provided a unique chance for Visions members to get their personal finances on track, whether they were trying to buy a house, pay off debt, or just improve their credit score. Last year, contestants…, About Visions, Visions Federal Credit Union is a not for profit financial institution completely owned by its members. Established in 1966, Visions proudly serves more than 230,000 members in communities throughout New Jersey, New York, and Pennsylvania. Services include banking as well as auto, home, personal, and business loans. Ref: Visions FCU press release, 2022. View recent news.
  • TEANECK, N.J. – Financial Wellness Bootcamp, a contest from Visions Federal Credit Union, has concluded and Lauren Singleton of Teaneck is the grand prize winner of $10,000. The contest, launched in June 2021, provided a unique chance for Visions members to get their personal finances on track, whether they were trying to buy a house, pay off debt, or just improve their credit score. Last year,…, About Visions, Visions Federal Credit Union is a not for profit financial institution completely owned by its members. Established in 1966, Visions proudly serves more than 230,000 members in communities throughout New Jersey, New York, and Pennsylvania. Services include banking as well as auto, home, personal, and business loans. Ref: Visions FCU press release, 2022. View recent news.
  • Reading, PA – Visions Federal Credit Union surprised Centro Hispano Daniel Torres, Inc. with a donation of $25,000 at the 2023 Amigo Award Dinner in Wyomissing, PA. The donation will help to support many of the organization's community programs, including Abriendo Puertas (Opening Doors). The Amigo Award Dinner is an annual gala hosted by the Centro Hispano, or Hispanic Center, to honor those who…, About Centro Hispano Daniel Torres, Inc., The mission of the Hispanic Center is to support and enhance the acculturation of the Latino population in the Greater Reading area through collaborative initiatives designed to enable individuals to improve their quality of life and the quality of life in their communities.  , About Visions Federal Credit Union, Visions Federal Credit Union is a not for profit financial institution completely owned by its members. Established in 1966, Visions proudly serves over 250,000 members in communities throughout New Jersey, New York, and Pennsylvania. Services include banking as well as auto, home, personal, and business loans. Ref: Visions FCU press release, 2023. View recent news.
  • Endwell, NY – Visions Federal Credit Union offers congratulations and best wishes to our scholarship winners! Visions recently awarded $25,000 to select students for the 2023-2024 school year. Visions offers two scholarship programs each year: the Visions Cares and Visions Salutes Scholarships. Each recognizes college-bound and currently enrolled college students for their outstanding performance…, About Visions Federal Credit Union, Visions Federal Credit Union is a not for profit financial institution completely owned by its members. Established in 1966, Visions proudly serves over 250,000 members in communities throughout New Jersey, New York, and Pennsylvania. Services include banking as well as auto, home, personal, and business loans. Source: Visions FCU press release, 2023. View recent News.
  • Endicott, NY – Visions Federal Credit Union recently won the Toastmasters Corporate Recognition Award for their in-house corporate club. Visions Toastmasters Club was chartered in June 2018 as part of Region 9, District 65. It has received Distinguished Club honors since its inception. Comprising employees from across the organization's New Jersey, New York, and Pennsylvania footprint, the closed…, About Toastmasters International, Toastmasters International is a nonprofit educational organization that teaches public speaking and leadership skills through a worldwide network of clubs. Headquartered in Englewood, Colo., the organization's membership exceeds 364,000 in more than 16,200 clubs in 145 countries. Since 1924, Toastmasters International has helped people from diverse backgrounds become more confident speakers,…, About Visions, Visions Federal Credit Union is a not for profit financial institution completely owned by its members. Established in 1966, Visions proudly serves over 210,000 members in communities throughout New Jersey, New York, and Pennsylvania. Services include banking as well as auto, home, personal, and business loans. Visit www.visionsfcu.org for more information. Ref: Visions FCU Press Release, 2021.…
  • People need a car. For most people, that means getting an auto loan. Whether you're just starting out or you're fresh out of school, not having established credit causes concern for many people, which leads to the following question:, Is it really possible to get an auto loan with no credit?, And the answer is, yes! It's definitely possible to get an auto loan with no credit. Here are some considerations if these circumstances apply to you. Credit vs. No Credit Financing a vehicle without credit can be quite different from the auto loan process with a great credit score and history. Your financial institution can help you through these differences and explore options that fit your…, Save up for a down payment, - Go for at least 10 percent. This will demonstrate responsibility and commitment to the lender while lowering the payment of your loan., Have proof of employment, - Showing that you are gainfully employed and earning an income often reflects favorably on you in consideration of an auto loan., Have documented history of bill payment, - In addition to earning an income, paying your bills is proving financial responsibility and commitment that is necessary for paying back a loan. If you don't have established credit and have questions about obtaining an auto loan, it's better to be informed and prepared. Talk with a professional at your credit union or bank to learn more and prepare yourself in advance. That way when the time…, 800.242.2120, or stop by a local branch . We're also available for free, confidential one-on-one financial counseling .  
  • Generally speaking, when it comes to using the equity built up in their house, people understand that it's an option to tap into that equity to get cash they need. However, before going forward with a home equity loan it's good to understand how it works. So, let's take a look at the basics of the home equity loan and how it works. A home equity loan is when homeowners borrow against the equity…, Let's look at an example:, A man named Barry owns a house valued at $250,000. Barry still owes $200,000 on the mortgage. His equity would be $50,000. This number is used to help determine what your loan would look like. Other factors that are considered when determining the loan amount and terms are credit reports, payment history, and income. It's also important to remember that homeowners are allowed to borrow a certain…
  • People who own homes sometimes need money for those things that life throws your way. The good news is that homeowners can tap into the equity of their home to get the money they need. There are two main ways to do this: a home equity loan or a home equity line of credit (HELOC) . Home equity loans and home equity lines of credit have some things in common. However, there are some differences you…, What Do Home Equity Loans and Lines of Credit have in Common?, Both loans and lines of credit are considered second mortgages . In addition, both the home equity loan and the line of credit are secured by your property. Generally speaking, both home equity loans and HELOCs have shorter terms - usually 5 to 15 years. First mortgages tend to be 15 or 30 year terms. Now that we understand what home equity loans and lines of credit have in common, let's see how…, How Are Home Equity Loans and Lines of Credit Different?, How Does a Home Equity Loan Work?, Of the two ways to use your home's equity, the home equity loan is more straight-forward. It's very similar to how a mortgage or other traditional loan works and typically there are no special features like interest only payments. The home equity loan is a loan for a set lump sum of money to be paid out over a determined time. This means there is a fixed interest rate, and the payments are the…, How Does a Home Equity Line of Credit Work?, The thing that sets a home equity line of credit apart from a home equity loan is its flexibility. It's a flexible option based on how the lines of credit are structured and how you can access your cash. Instead of receiving one lump sum, you have access to a reserved amount of money over a given period. You can take as little or as much as you need depending on your circumstances. For many, this…, A Better Understanding Makes For Better Decisions, Now that you understand the basics of home equity loans and lines of credits, you can make a more informed decision. Knowing how each works can help you decide what is better for your specific financial needs. If you want to know more about home equity loans or lines of credit, contact our lending experts at your local branch or at 800.242.2120. We're happy to help.
  • A Premium Visa® Credit Card Can Provide Big Benefits to Travelers., Some people may wonder what a premium credit card offers over a more traditional credit card. After all, how different can they be? The answer may surprise you. People with premium credit cards can reap all kinds of benefits. People who travel, either for business or pleasure, may find some premium credit cards provide all kinds features that are ideal for them. Some premium credit cards seem to…, Here are some of the benefits that premium credit cards can provide to travelers.,   Airline Miles Most people are familiar with airline miles as a credit reward. It's been around for a long time for good reason. Airline miles are handy for both business travelers and those who travel for enjoyment alike. These can help cut down on costs and offer more options.   Cruises If you are traveling by sea, some premium Visa® credit cards provide great rewards and points toward cruises…
  • When considering if and when to use a home equity loan, it's important to know the potential benefits that a home equity loan or home equity line of credit (HELOC) can offer. Here are three for you to consider:, Lower Interest Option, For some people, home equity can offer a lower interest rate than other types of loans. This can be helpful when considering education costs, large purchases, or managing debt. Check current interest rates ., Flexibility, There are two options when tapping into the equity that's been built up – a fixed-rate home equity loan or the line of credit (HELOC). And HELOCs are structured for extra flexibility. Instead of receiving a lump sum, there is an amount of cash available to the borrower to take when needed during the withdrawal period. So, if an unexpected expense arises, you could take the amount to cover the…, Countless Potential Uses, Home equity loans can be used for any purpose. That means they can be a financial solution for people in many situations. It's always good to know you have options. If you want to know more, you can read about the top uses for home equity loans .