Money Mindset Blog

When you sign up for a mortgage, you agree to insure your home to protect against damage or loss. This is a requirement of every mortgage agreement, whether your mortgage is with Greylock or any other lender. If for any reason you fail to maintain adequate insurance coverage on your property, the lender will purchase insurance on your behalf to protect its interest in the property. This is called force-placed insurance (FPI).

Tax season is upon us and Greylock Federal Credit Union has a variety of resources to help you through it.

When it comes to saving money, compound interest is like a superpower for your savings. It can help your money grow a lot over time. But what is compound interest, and how does it work?

We all know someone – a friend, neighbor, family member or co-worker - who could use a little help to stay warm this winter.

The holidays are over, and while the festive cheer lingers, the looming credit card bills can dampen the spirit.

Sebastián Patiño Gómez immigrated to the U.S. from Colombia two years ago to keep his family safe. At the time, he knew very little English and nothing about the American banking system.

The holidays are here, bringing that familiar urge to spend a little extra on the people we love. It’s a good feeling…until the bills arrive. If you've ever found yourself dreading your January credit card statements, you’re not alone. With thoughtful planning, you can keep your holiday joy intact without taking on holiday debt. 

As the colder months approach, heating costs can become a significant part of your household budget. “We all need heat,” said Jeff Lowenstein, a Financial Wellness Coach at Greylock Federal, “not just to keep us safe and comfortable, but also to protect our homes.”

For Cindy Shogry-Raimer, vice president and director of Community Development at Greylock, fraud is a topic she’s well-versed in. She, and others at Greylock’s Community Empowerment Center, routinely lead discussions on fraud and ways to stay safe.

For years, Greylock members have enjoyed the ease and convenience of eStatements. Now, these benefits will be extended to various documents through Greylock’s eDocuments portal.