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Introducing Our New Cash ServiceThat’s right members; we have a new Cash Service.  This service allows you to withdraw money or cash your checks for the cash you need on hand now.  And what is the best part about this service?  It makes your banking experience more convenient.  To top it off, this is a free service that we are happy to provide to you, our members!

What is Money Desktop?

Categories: News

Money Desktop NEW at NFFCUAre you having a difficult time keeping track of your finances?  Do you have multiple accounts with different institutions?  Are you unsure of how much you have coming in or going out?  Are you at a standstill as to what you can do to get organized?  We have just the tool that can help you.  Sign into your online banking account, scroll your mouse over to the personal finance tab, and say hello to your new best friend…Money Desktop.

Money desktop allows you to view information on all of your accounts in one place.  Banking, investments, credit cards, loans, mortgages are all able to be seen and reviewed so you know where your finances stand.  This allows you to see how much money you have and how much you are paying out or owe in total.

Two of the most useful tools on Money Desktop are the Spending and Trends features.  They show you a chart of all of the things you’ve been spending on and categorize those purchases for you.  They chart your expenses so that you can visually see where the bulk of those purchases are being made.  Some of the headings you can expect to see are business services, pet food and supplies, bills and utilities, education, shopping, entertainment and so on.  From the charts shown, you will be able to determine if you are spending too much one any one category and take steps to change this pattern, which brings us to budgeting.

Money Desktop at Newark Firemen Federal Credit UnionWith the budgeting tool, you can let Money Desktop set a monthly limit for spending in a particular category, or you can set one for yourself manually.  This can help you to reign in your spending in areas where you feel are excessive.  You will be able to track your transactions in these categories as often as you like and your color coded budgets (red, yellow, green) will tell you how close you are to keeping within your budget.

As if the Spending and Budgeting tools weren’t enough, there is also a Goals tool.  This tool allows you to set financial goals for yourself.  You can choose a savings goal or a payoff goal.  Some of the savings goals you can set for yourself are saving for an emergency fund, college, retirement, vacation etc.  You can also choose to set goals such as paying off a credit card, loan or other debt.  You can have the tool suggest a monthly contribution amount or you can set one yourself manually.  The tool will then calculate how long it will take for your goal to be completed.  If need be, you can change and adjust the goals to meet your current financial needs.

With all of the features on Money Desktop, there is no way you won’t be able to organize your finances and get back on track.  Get started today!

NFFCU Annual Meeting Saturday, April 25
NFFCU will be hosting its annual meeting on Saturday, April 25, 2015 at 6:00pm.  The meeting will be held at the Kilkenny Alehouse at 27 Central Ave and Halsey St in Newark, NJ.  A reception and door prize raffles to follow.  Tickets can be purchased at the credit union office or at the door for $25.00 per person.  If you have any questions, please feel free to contact us.

New Year, New Money OpportunitiesNow that the New Year has begun, our heads will soon be turning to our next task, the filing of our tax returns.  While many people choose to use their refund to pay down a debt or invest in upgrading their homes, there are still other things that can be done with your tax refund.  You can invest it, or you can save it.  It’s all up to you.

Let us help you navigate your options with our Share Accounts, Savings Clubs and Certificates of Deposit.  You can sock some of your money away in a share account and save it for a rainy day.  You can put your money into one of our savings clubs for a special occasion (gift giving, vacation, wedding savings) or you can use it toward your investment portfolio with our Certificates of Deposit (CDs).  They are low risk investments that grow your money over a set period of time and are a good addition to any portfolio.  With all of the choices available to you, let us help you decide what options are best for you.  Contact us today for more information.  We’ll be happy to answer any questions you may have.

Happy Holidays from NFFCU

Categories: News

Happy Holidays from NFFCUNFFCU would like to take the opportunity to thank all of our members and welcome our new members.  We have seen much in the way of growth this year.  It has allowed NFFCU to invest in new technology that makes it easier and more convenient to manage your finances.  We thank you for placing your trust in our institution and hope to continue providing you with the utmost in customer service.

From all of us at NFFCU to all of our members, family and friends: we wish you a very happy holiday and a fortuitous new year.