Utah First, Author at Utah First Credit Union

Jul 30, 2022 / Money Tips

What Do Rising Interest Rates Mean for You?

Interest rates are rising and the sky is falling! Okay, it’s not all doom and gloom. Yes, the Federal Reserve recently raised rates. And yes, more increases may be coming, but there are both good and bad things about rising rates, and it all impacts you, the consumer. Here is a brief primer about the…

Jul 22, 2022 / Credit

How Does Revolving Credit Work?

Revolving credit makes the financial world go ‘round. It can also keep you from having to run circles in your financial life to apply and reapply for loans. Here is a brief overview of this revolutionary credit concept and some ways it can help you…

Jul 15, 2022 / Local Utah

Utah First Credit Union Wins 8th Straight Crystal Performance Award

All credit unions are created equal, right? It’s easy to fall into the trap that all financial institutions are alike—safe places to store and borrow money without any real substantive differences. But pay attention to the little details, and you’ll find that some credit unions…

Jul 08, 2022 / Money Tips

Understanding Term Deposits: Easy Investments with Guaranteed Growth

These days, it seems that economic uncertainty is everywhere you look. Supply chain and labor shortages have disrupted many industries, inflation is at a 40-year high, and the stock market has been incredibly volatile. While no one knows exactly what the economic picture will look…

Jun 24, 2022 / Home Equity

3 Reasons to Improve Your Property this Summer

The Federal Reserve just announced an increase in interest rates, which means the cost of borrowing money is going up. It’s a move that affects nearly everyone, but according to Bankrate, would-be homebuyers may feel the most immediate impact. That’s because home prices are still…

Jun 17, 2022 / Auto & RV

What’s Your Loan Language?

Do you know your loan language? Every borrower wants something slightly different from their loan and lending relationship. And it makes a lot of sense. After all, your loan isn’t just a fleeting financial transaction. You’re entering into a meaningful, long-term relationship and it’s important…

Jun 06, 2022 / Credit

Are You Creditworthy? (Cringe)

Creditworthiness. It just might be the cringiest word in the entire financial dictionary. At the very least, it evokes feelings of unfair financial judgment—separating the haves from the have-nots and generally making a certain percentage of the population feel less than stellar about their current…

May 27, 2022 / Money Tips

How to Choose the Right Checking Account

A checking account is a checking account is a checking account. You put your money in, you take your money out, you get a little interest, and that’s what it’s all about. You can find the same hokey-pokey routine at every bank or credit union…

May 13, 2022 / Home Equity

How Much Equity Do You Have In Your Home?

Home values are high, like the highest they’ve ever been in our humble home state. But what does that mean for you? How much home equity do you have and what can you actually do about it? If you’re curious about how much your home…

May 09, 2022 / Credit

3 Financial Decisions that Follow You (And How to Successfully Start Over)

Everyone has a few financial regrets. No one is perfect with their money 100% of the time. But some financial faux pas are less forgiving than others. In fact, some can impact your credit for years to come and severely limit your financial flexibility. Here…