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Welcome to our Financial Education Center

New resources each week for the Founders Federal Credit Union community.

This Week

The Psychology of Money

This week explores how misguided beliefs and biases may guide our financial decisions.

Learn More

Featured Topics

Articles and videos from the Founders Federal Credit Union team.

Hand running credit card through credit card machine.

Credit vs. Debit Cards
Credit and debit cards each have pros and cons. When should you use each?

Boy Scout in uniform with hand raised for Scout Pledge. Boy Scouts written above.

Credit Reports and Scores
Credit reports and scores determine the rates you pay when borrowing and can affect your ability to...

Pile of different credit cards.

Risks and Benefits of Credit Cards
Credit cards offer benefits for many consumers, but it's important to understand the risks of...

Credit Report with Score

Building Credit
Understanding the decisions and behaviors that can lead to improved credit scores.

Stack of credit cards.

Understanding the Credit Card Act of 2009
How the new regulations work to protect card holders.

Printed Credit Report with Pen next to it.

Reading Your Credit Report
A detailed description of what to expect and look for when viewing a credit report.

Financial Wellness Courses

Make real progress in less than an hour.

Buying a Car

44 minutes

Get Started

From choosing a make and model to financing a purchase, topics every consumer should understand when buying a car.

  • Buying a Car
    An introduction to the basics of this major purchase and responsibility.
  • Choosing a Make and Model
    A look at four important factors to consider when choosing a car: fuel consumption, insurance rates, reliability, and depreciation.
  • The Total Cost of Ownership
    Understanding the many costs associated with owning a car - from financing cost to taxes.
  • Buy or Lease Decisions
    The pros and cons of leasing.
  • Financing a Car Purchase
    How a loan affects the total cost of buying a car.
  • Evaluating a Used Car
    How to "do your homework" before buying a used car.
  • Negotiating Your Purchase
    Effective negotiation could potentially save you thousands on your next car purchase.
  • Setting a Target Price
    How to set a realistic target price for both new and used vehicles.
  • Negotiating Price
    Know what to expect when negotiating the best deal.
  • Avoiding Surprises
    Think the negotiating is finished when you agree on a price? Here's how to negotiate dealer extras and extended warranty pitches.
  • Common Mistakes
    Twelve common mistakes to keep in mind when shopping for a car.

Financial Planning

33 minutes

Get Started

What you need to know to start making a long-term financial plan, from getting married to planning for retirement.

  • Medical Care Planning
    How to make sure your wishes are followed in a medical crisis.
  • Financial Planning
    Learning the "how" and "why" of short, medium, and long-term financial planning.
  • Estate Planning
    Wills, trusts, and other end of life issues.
  • Creating a Will
    A will is the cornerstone of the legal framework of an estate plan, and everyone should have one.
  • Powers of Attorney
    Everyone faces the possibility of temporary or permanent incapacitation. Make sure your wishes are followed.
  • Talking About Money
    A look at some of the financial considerations of getting married.
  • Planning for the Unexpected
    Planning for unexpected events, including accidents, death, and even the possibility of divorce, are all part of a responsible marriage.

Financial Trouble

38 minutes

Get Started

What to do if you're in financial trouble, from creating a debt reduction plan to your rights when dealing with debt collectors.

  • How Chronic Debt Happens
    Spotting the warning signs of excessive debt.
  • Spotting the Signs of Financial Trouble
    Many Americans find themselves in debt, but for some, debt turns into a serious problem with lasting consequences.
  • Do it Yourself Debt Reduction
    Whether you do it yourself or work with a credit counselor, creating a debt reduction plan is an important first step for those with financial trouble.
  • Credit Counseling
    The role of credit counseling organizations and how a debt management plan works to restore credit over time.
  • Choosing a Credit Counselor
    The best way to find a good credit counselor is to know what questions to ask.
  • Credit Repair Scams
    There's a big difference between a non-profit credit counseling service and a credit repair scam. Learn how to tell the difference.
  • Debt Collection
    Your rights and responsibilities when dealing with debt collectors.
  • Debt Collection and Legal Actions
    What to expect if you are sued over debt.
  • Understanding Bankruptcy
    The types of bankruptcy and why bankruptcy should be used only as a last resort.
  • Alternative Financial Services
    Understanding why payday loans, check cashing services, and similar services may be bad deals for consumers.

Identity Theft

24 minutes

Get Started

An overview of identity theft, including strategies for preventing it and what to do if it happens to you.

  • Identity Theft
    Understanding ID theft and how to prevent it.
  • Avoiding Identity Theft
    The three Ds of identity protection: Deter, Detect and Defend.
  • Protecting Your Digital Information
    There are many data backup solutions available designed to protect personal information that vary in their security and ease of use.
  • Dealing with Identity Theft
    Understanding the different types of identity theft and what to do in each scenario.

Managing Credit

32 minutes

Get Started

Credit reports and scores, credit vs. debit cards, reading your credit report, plus more.

  • Credit vs. Debit Cards
    Credit and debit cards each have pros and cons. When should you use each?
  • Credit Reports and Scores
    Credit reports and scores determine the rates you pay when borrowing and can affect your ability to get certain jobs.
  • Risks and Benefits of Credit Cards
    Credit cards offer benefits for many consumers, but it's important to understand the risks of unsecured credit.
  • Building Credit
    Understanding the decisions and behaviors that can lead to improved credit scores.
  • Understanding the Credit Card Act of 2009
    How the new regulations work to protect card holders.
  • Reading Your Credit Report
    A detailed description of what to expect and look for when viewing a credit report.

Managing Student Loan Debt

47 minutes

Get Started

An introduction to student loan repayment choices and strategies. Visit the Library for in-depth coverage of repayment plan options.

  • Making Smart Repayment Decisions
    Flexible federal student loan repayment plans can help you avoid financial trouble and reach your financial goals.
  • Repayment Strategies
    To repay your student loans, you need a comprehensive strategy to put your education debt in a larger financial picture that includes your income, non-education debt, and long-term goals.
  • How Repayment Plan Choices Affect Loan Cost
    Your repayment plan choice can greatly affect your monthly payment and the total cost of your student debt.
  • Deferment and Forbearance Options
    Both deferment and forbearance can help you avoid financial trouble. If you think you might qualify, reach out to your loan servicer as soon as you first experience financial difficulty.
  • Managing Loans in Times of Financial Distress
    You can’t always prevent financial stress, but how well you manage it will make all the difference in how successful you’ll be in meeting your repayment obligation.
  • Grace and Deferment Period Strategies
    Federal education loans all offer a grace or deferment period – a set amount of time during which repayment is not required. How you manage loans during your grace period can make a big difference.
  • Public Service Loan Forgiveness
    If you work in certain fields or for certain employers, a portion of your Direct Student Loan debt may be eligible for forgiveness.
  • Loan Consolidation
    Loan consolidation can simplify the loan repayment process, but you must review the loans you plan to consolidate carefully – once consolidated, there’s no going back.

Need help now?

Call us for personalized credit counseling.

(866) 664-1734