What are assets in a credit union? And how do they benefit you?

Have you ever wondered what happens to your money when you deposit it in your credit union savings account? It joins a pool of resources called the credit union’s assets. These assets are like the building blocks your credit union uses to serve its members, you!

Think of it like a community potluck. Everyone brings a dish to share, and together you have a fantastic feast. At a credit union, your deposits are your contribution to the pot. These deposits, along with other assets like cash on hand and investments, allow the credit union to offer loans, mortgages, and other financial services.

So, how does this benefit you? Here’s the win-win:

Stronger borrowing power: A healthy pool of assets means the credit union has more resources to lend. This translates to potentially lower interest rates and better loan terms for you when you need to borrow money.

Improved savings returns: The credit union reinvests some of its assets, which can lead to higher returns on your savings accounts.

Focus on members: Unlike for-profit banks, credit unions are member-owned cooperatives. This means their primary focus is on serving your financial needs, not maximizing profits for shareholders.

In short, a strong asset base is the foundation for a healthy credit union. By being a member and contributing your deposits, you’re not just saving money, you’re actively participating in a financial community that benefits everyone.

It’s your money, working together for a stronger financial future.

The great money-saving Easter egg hunt

Are you ready to embark on an adventure that’ll lead you straight to the pot of gold at the end of the rainbow? Well, maybe not gold, but definitely some extra cash in your pocket. Get your baskets ready because we’re about to embark on the ultimate money-saving Easter egg hunt.

1. Hunt for hidden discounts:

Just like Easter eggs, discounts and deals are hidden all around us, waiting to be discovered. Keep your eyes peeled for coupons, promo codes, and special offers both online and in-store. Who knows, you might stumble upon a golden ticket to major savings.

2. Crack open budget-friendly recipes:

Instead of splurging on pricey meals, why not crack open some budget-friendly recipes? From DIY gourmet sandwiches to wallet-friendly one-pot wonders, cooking at home can save you a fortune. Plus, it’s a cracking way to impress your friends and family with your culinary skills.

3. Eggs-quisite DIY decorations:

Why shell out a fortune on fancy decorations when you can DIY your own eggs-quisite Easter decor? Get crafty with paint, glitter, and whatever else you have lying around the house. Not only will you save money, but you’ll also have a blast unleashing your inner artist.

4. Follow the thrift store trail:

Ready to embark on a thrifty treasure hunt? Head to your local thrift store and uncover hidden gems at bargain prices. From vintage fashion finds to quirky home decor, you never know what treasures you might stumble upon. One person’s trash is another person’s treasure, after all.

5. Plant the seeds of savings:

Why not start your very own money-saving garden? Growing your own fruits, veggies, and herbs not only helps you save on grocery bills but also ensures you have fresh, organic produce at your fingertips. It’s a green way to save some green.

6. Share the savings love:

Just like Easter is all about sharing, why not spread the savings love with your friends and family? Organise a swap meet where you can trade clothes, books, and other items you no longer need. Not only will you declutter your space, but you’ll also score some new goodies without spending a dime.

So there you have it, folks – the ultimate guide to turning your money-saving journey into a fun-filled Easter egg hunt. Remember, with a little creativity and a keen eye for hidden treasures, you can unearth some serious savings this season.

Happy hunting!

Empowering women: balancing life and achieving dreams with Hertsavers Credit Union

Women today are unstoppable. They’re smashing career goals while building loving families, proving they can be amazing at everything they do. This juggling act takes incredible strength and adaptability, and it’s what makes women so powerful.

More than multitasking

We often see women compared to jugglers, keeping everything in the air. They lead in boardrooms, manage households, and somehow find time for themselves – all while staying calm. But this balancing act isn’t easy. Trying to excel at work and at home can be a struggle. Still, women persevere, driven by a desire to succeed in every aspect of life.

Financial empowerment: a key to success

Financial security is essential for this balancing act. Organisations like Hertsavers Credit Union understand this and offer support specifically designed for working women.

  • Saving made easy: The Salary Savings Scheme encourages women to save regularly through their payroll, building a safety net for the future and gaining financial independence.
  • Help when needed: Payroll loans provide a lifeline during emergencies, offering quick access to cash without turning to high-interest lenders.
  • Supporting working mums: Child Benefits Loans and Savings Plan help cover childcare costs, easing the burden on working mothers.
  • Savings goals for every dream: Hertsavers offers a variety of savings accounts to fit any goal, from education to retirement to that dream vacation.

Beyond the balance: shaping the future

Women’s power goes way beyond their careers. They nurture families, overcome challenges, and leave a lasting impact on the world. With the support of organizations like Hertsavers Credit Union, women continue to break barriers and prove their strength is limitless.