Everyday Finance Blog

Everyday Finance Blog

Everyday Finance is your go-to resource for navigating life's financial twists and turns. Whether you're looking for advice on buying a home, financing a car, paying for college, saving for retirement, or something in between, we've got you covered! At Towpath Credit Union, we aim to guide and educate our members, and Everyday Finance is just one of the ways we can help.


Equifax Data Breach Settlement 

Did you know that if you live in Ohio, there’s a 45% chance that your personal information was exposed in the 2017 Equifax data breach?
Posted by Jeremy Wascak July 30, 2019 Categories: Avoiding Scams Credit Cards Security
The Federal Trade Commission recently announced that Equifax is required to pay a settlement of up to $700 million, including $425 million to the consumers it affected. Towpath CU wants to be sure our valued Members know their rights under this
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SCAM ALERT - Mystery Shoppers 

“Mystery Shopper” Scams are increasing in frequency – Do you know how to spot a scam?
Posted by Jeremy Wascak July 18, 2019 Categories: Avoiding Scams Security Shopping
Towpath Credit Union has noticed an increase of Mystery Shopper Scams in recent weeks. While it may seem like an easy opportunity to make a profit, it’s probably a scheme to steal from you. Here's how it works: The scammers will send you a
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Share Certificates 101 

Posted by Jeremy Wascak July 01, 2019
A share certificate is a type of savings account that has a fixed dividend (or interest) usually higher than a regular savings account. Share certificates also have a maturity date, or a predetermined length of time where funds are not accessible.
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Saving with Towpath CU 

Here's what you need to know about savings products.
Posted by Jeremy Wascak July 01, 2019 Categories: Local Saving
​ When you choose a financial institution, you're choosing more than just where to keep your checking account or where to finance your car from. When considering where to do your banking, it's also important to look at where and how you choose to
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The Longest Day - Parking Lot Cookouts 

The Day with the Most Light is the Day We Fight!
June 05, 2019 Categories: Akron Community Fundraising Towpath CU Staff
Help us raise money to find a cure for Alzheimer's disease! June is Alzheimer’s and Brain awareness month. That is why Towpath Credit Union is partnering with our local Alzheimer’s Association Chapter to raise awareness about this
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2019 Professional of the Year  

Towpath Credit Union President / CEO Named Professional of the Year
April 18, 2019 Categories: Towpath CU Staff
Rose Bartolomucci, President / CEO of Towpath Credit Union has been named the 2019 Professional of the Year by the Ohio Credit Union League. This award, which was presented to Bartolomucci during the Ohio Credit Union League’s annual convention in
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How to use Mobile Deposit 

A Step-by-Step Guide
Posted by Jeremy Wascak February 21, 2019
Mobile deposit allows you to deposit paper checks from anywhere! You will need a compatible smartphone, the TowpathCU app, and you must be enrolled in TowpathCU online banking. Remember that we currently place a three day hold on all checks
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Member Appreciation Days 

Cookies and coffee and cocoa, oh my!
Posted by Jeremy Wascak January 22, 2019 Categories: Member Appreciation
We can't thank you enough for being a Member of Towpath Credit Union...but we're going to try! To show how much we love our Members, we're hosting a Member Appreciation Day on January 25 (beginning at 1:00 pm) and January 26 (beginning
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2019 New Year's Resolutions 

New Year's Resolution Suggestions to Improve your Financial Wellness
Posted by Jeremy Wascak January 01, 2019 Categories: Budgeting Credit Cards Credit Scores Saving
It's not too late to choose a New Year's Resolution to start your 2019 off right! Here are five simple ways you can boost your financial wellness this year. Start a Budget. An important step toward financial wellness is keeping track of
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Happy New Year! 

A New Year's Message from Rose
December 31, 2018
As the holiday season winds down, I would like to take some time to thank each of you for your membership and trust in Towpath Credit Union. Since 1936, we’ve worked hard to offer all of our members top-notch care and individualized attention, and
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Revolving Credit Utilization 

Revolving Credit Utilization Plays an Important Role in Your Credit Score.
Posted by Jeremy Wascak December 24, 2018 Categories: Credit Cards Credit Scores Loans
Two people walk into a credit union to apply for a loan. The first person has $1,000 in credit card debt. The second person has $5,000 in credit card debt. If the rest of their finances are the same, who has a higher credit score? It’s impossible
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What To Grab And What To Skip In June 

Posted by Jeremy Wascak May 29, 2018 Categories: Shopping Summer
June is the month of sun-kissed beaches, dripping ice cream cones, backyard BBQs … and spectacular sales. There’s lots to celebrate this month, but June sales aren’t just for “dads and grads.” If you know what to look for, you can find great
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Five Things To Do Outside In Akron This Weekend 

Posted by Jeremy Wascak May 18, 2018 Categories: Akron
Looking to do something different this weekend in the Rubber City? Here's our short-list of options. 1. Stan-Hywet Hall & Gardens - If you haven't yet been, this is a must see. The 70-acre estate was the home of F.A. Seiberling,
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6 Ways To Turn Your Dream Vacation Into A Reality 

Posted by Jeremy Wascak May 09, 2018 Categories: Saving Vacations
You’re sipping a pina colada on a beautiful, white-sanded beach while watching the cerulean waves lap at the shoreline. You might be pulling muscles and riding high on adrenaline while scaling Mount Greylock, up in Massachusetts. Or, maybe you’re
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The 20% Down Myth 

Posted by Jeremy Wascak May 07, 2018 Categories: Millennials Mortgages
If you’re desperate to own a home of your own, you are likely saving up until you have 20% of your dream home’s total value. All that’s great, but the fact is you don’t need to put down 20%. The 20% myth is leftover from the era after
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Understanding Share Secured Loans 

Posted by Jeremy Wascak April 30, 2018 Categories: Credit Scores Loans
As a member of Towpath Credit Union, you already know we’re here to help you manage your money and let it grow in the best ways possible. That typically involves wisely using only the products and services best suited to your needs and
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How to Talk Money with Your Partner 

Posted by Jeremy Wascak April 27, 2018 Categories: Budgeting Saving
What happens when you and your partner have different approaches toward money? It’s a common scenario. One partner seemingly knows where every earned dollar goes, while the other is a carefree spirit who thrives on
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6 Ways To Avoid Getting Taken By A Car Dealer 

Posted by Jeremy Wascak April 26, 2018 Categories: Cars Credit Scores
Purchasing a vehicle is an important life decision. Slow down, take your time, and do it right. You don't want to have buyer's remorse over any part of the transaction: the vehicle, the financing, or the process. 1. Do your research before
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Six Things That Do Not Impact Your Credit Score 

Posted by Jeremy Wascak April 23, 2018 Categories: Credit Scores
Monitoring your credit scores and reports has never been easier. With the free tools provided by websites likes Credit Karma and many credit card companies, getting help monitoring and understanding our credit is never more couple clicks
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Understanding Stock Fluctuations 

Posted by Jeremy Wascak April 17, 2018 Categories: Investing Retirement Saving Stocks
If there’s one constant in the stock market, it’s that the stock market is never constant. It will continue to fluctuate every single day. This means share prices are constantly rising and falling. Consequently, so do the market values of
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Real Mortgage Pre-Approvals 

Posted by Jeremy Wascak April 16, 2018 Categories: Millennials Mortgages
So, you are hoping to be pre-approved to purchase a home. Did you know that there are different types of pre-approvals? Some lenders pre-qualify you based on information you tell them, some ask for a little bit of documentation and issue a
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E-Budgeting 

Don't Make Budgeting Harder Than It Should Be!
Posted by Jeremy Wascak April 13, 2018 Categories: Budgeting Millennials
Budgeting is to personal finance what diet & exercise is to health. If you aren't deliberate​ about where your money goes every month, the chances of you getting out of debt, building an emergency fund, and preparing for retirement properly
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Why Do I Need To Get Pre-Approved For A Mortgage? 

Tips from Amanda, Our Mortgage Specialist
Posted by Jeremy Wascak April 09, 2018 Categories: Mortgages
Q: I'm in the market for a new home, and everyone I talk to, from friends to financial advisors, suggests I get pre-approved for a mortgage before I start house hunting. Why is this so important? A: You're actually on the
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Millennials Have Difficulty Leaving the Nest 

February 05, 2018 Categories: Credit Scores Millennials Mortgages Student Loans
Millennials, also known as Generation Y have had a difficult time leaving the nest. While there are different ranges given for their birth years, they can be roughly defined as those born between the late 1970's and the year 2000. Many define the
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Five Financial Reasons to Love Akron 

Posted by Jeremy Wascak May 08, 2017 Categories: Akron

Just as the founders of Akron’s rubber companies chose Akron for its unique economic advantages, there are plenty of financial reasons to love Akron today. Here are five!

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Will I Get All My Money Back from Home Improvements? 

With Guest Blogger Dawn Lawson
Posted by Jeremy Wascak May 05, 2017 Categories: Mortgages

One of the hardest concepts for homeowners to understand is that the market value of land is what appreciates while home improvements depreciate. It is understandable that people want to see a decent return on their sweat equity. However, taking the fair market value of their home and then adding on the money spent to update or maintain the property does not necessarily reflect a change in value.

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Why Staging Your Home is Important 

With Guest Blogger Dawn Lawson
Posted by Jeremy Wascak May 04, 2017 Categories: Mortgages

The more stunning your home, the longer the buyer will linger. I’ve even had people so in love with the condition of a home that they tried to figure out a way to make it work even though the home didn’t have their key features.

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Can Refugees Save a Town? 

Posted by Jeremy Wascak March 13, 2017 Categories: Akron

A few weeks ago the Christian Science Monitor ran an article about Akron written by Simon Montlake, a staff writer with the magazine titled "Can Refugees Save a Town?"

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The Parent-Child Student Loan Conversation You Need to Have 

Posted by Jeremy Wascak February 21, 2017 Categories: Millennials Student Loans

I understand you want your children to succeed. I acknowledge that education is the ladder that allows people to be upwardly-mobile in the workforce. I believe higher education to be very important for many reasons, and I want to see every student that is qualified and able to attend.

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