What does Prime Rate mean?

Prime rates

Q: What is the prime rate and why does it matter? A: The prime rate, or prime, is the current interest rate that financial institutions in the U.S. charge their best customers. How is the prime rate determined? The Federal Reserve System, which is the central bank of the United States, sets the federal funds […]

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The Ultimate Shopping Cheat Sheet

Shopping during the week

You’ve already perfected your monthly shopping schedule to get the best possible prices throughout the year: linens in January; luggage in March; household appliances in May; patio furniture in September and wedding dresses in December. But, did you know you should be timing your shopping throughout the week as well?  That’s because each weekday brings […]

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How Much Should I Invest In Retirement?

two people looking at computer

Experts recommend allocating 15% of your monthly income toward retirement. Before you start exploring your options, though, you will need to set a goal, or a target number.  This number will represent how much you need to have saved for living comfortably and independently throughout your retirement.  A good way to set a target number […]

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Great Grocery Apps to Make Your Life Easier

Grocery Shopping

Grocery shopping is an inevitable part of life. Whether you choose to do your shopping at the corner grocery, Whole Foods or your local supermarket, remembering what you need and trying to stick to your budget can be difficult. Wouldn’t it be fantastic if this chore was a little easier?  That is the goal of […]

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5 Ways to Avoid Credit Card Fraud

Keep your credit cards safe. Store your cards in a secure wallet or purse. After making a purchase, immediately return your card to that place. Don’t allow websites to “remember” your card number. Only let secure payment portals, like GooglePay and PayPal, remember your card number. An even better practice is to never check the […]

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How Long Does It Take to Become a Millionaire?

Saving for the Future

A million dollars. For many people, it’s the pinnacle of financial success. For others, it’s just the first stepping stone toward their outrageous dreams. But how long does it take to actually reach that goal? How much would you need to save on a monthly basis to net a cool million? And, most importantly, is […]

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History of Credit Unions – Why They Were First Started

Compare Banks to Credit Unions

As a member of American Southwest Credit Union, you know that credit unions are always striving to serve their members and community in as many ways as possible. We value each member’s input as an equal owner in the credit union, and offer flexible loan terms as well as low-cost accounts. We also reward our […]

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Are Solar Panels Right for You?

Solar Panels

Q: My summertime electric bills are sky-high. For this reason, I’m really thinking about having solar panels installed on my roof. I figure it’s gotta help me save on energy costs, but I hear they can be super-expensive. Should I go solar? A: Solar panels are popping up on roofs all across the country. This […]

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