Romance On A Budget: Valentine's Day
Spring may be far away, but love is still in the air. It’s almost Valentine’s Day, and that means it’s time to start planning something special for that special someone in your life. How can you show someone you care without breaking the bank? Here are five low-cost Valentine’s dates you can use to give your sweetheart (and your wallet) a great time!

1) A home-cooked meal

Food is love. It’s one of the most traditional ways to show you care. Paying restaurant prices for it, though, can add up fast. A typical meal out costs an average of $13 per person, excluding tip and drinks. Worse yet, unless you act quickly, getting a table on the 14th may be a non-starter!

Instead, try making a meal yourself. For added fun, try cooking together! The meal will taste better with the knowledge that you made it yourself, and you’ll save the time and expense of going out to a restaurant.

2) Ice skating

Once a staple of courtship, this date idea may seem a little old-fashioned. There’s a lot to love, though. It’s a chance to be close together, hold hands, and it comes with a wonderful cup of cocoa at the end! Best of all, costs are low, so it’s a bargain-priced way to build memories. You’ll form lasting memories from the bumps and scrapes of falling down, and picking each other back up again will bring you closer than ever.

3) Picnic a meal

Somewhere between dinner at a restaurant and home cooking lies a pre-packed meal you can take with you to a special spot. Scope out some place with a view, then pack up light fare – sandwiches, cheese and crackers, or even just some fresh fruit. Pack up your blanket and your basket and grab your sweetheart. If the weather turns foul, you can even move your impromptu date to a dorm common area or other public indoor space.

4) Discount theater

Movies have always been a traditional date night trope, but a new release at the theater can cost a pretty penny! If you look, you can almost always find a nearby theater playing slightly older movies for dirt cheap prices. You can get the whole theater experience, down to the shared bucket of popcorn, and see a good movie you’ve both been dying to see!

5) Learn something new

This doesn’t mean following each other to classes for a day, although that might be a great bonding experience. Instead, find a new skill or activity you want to find out about and take a class together. Many colleges offer cooking, dancing and other romantic activities, but learning to play a sport or a fitness class could be a great fit, too. Whatever you choose, be sure it’s something just outside both of your comfort zones! Nothing builds relationships like shared experiences.

Member Benefits 
Deposit a check via mobile deposit between Feb. 7th-14th and earn a chance to win a Free $100 Gift Card!
Rising Interest Rates: What Do They Mean For You?
You’ve probably seen the financial headlines announcing that the Federal Reserve is raising interest rates. These headlines are either accompanied by devastating or optimistic predictions, which can be confusing. What does this news really mean for you?

The prime interest rate is the rate the Federal Reserve charges financial institutions to borrow from it. It influences numerous financial prices, many of which only concern economic enthusiasts. Here are some ways the prime rate hikes can affect you!

Many people opted for adjustable-rate mortgages (ARMs) when interest rates were historically low. These mortgages offer better rates for an introductory period before they adjust to a new rate, which is partially determined by the Federal Reserve rate.

The Federal Reserve plans to continuously increase interest rates as the economy improves. Consequently, your adjustable rate will likely increase, and your monthly mortgage payment may become unpredictable. Fortunately, you can still refinance your mortgage into a fixed-rate loan and take advantage of still-low rates.

The past six years’ low interest rates have done wonders for the stock market. With the affordable borrowing rates, companies expanded rapidly, directly fueling stock price growth.

As interest rates rise, that credit availability will decrease. Companies will find it harder to expand, their growth will slow and stock prices will decline.

Rising interest rates will also increase bond rates. Their price will rise accordingly, as more investors chase those rates. Speak to a financial adviser to ensure that your portfolio is properly balanced in accordance with changing market conditions.

3.) Save more

The rising interest rate affects the rates financial institutions offer account holders. When it’s expensive to borrow from other institutions, it’s more profitable for those institutions to “borrow” from their members through certificates and savings accounts. As interest rates rise, it’ll be increasingly more profitable to stow your money in an interest-bearing account.

If you’ve been delaying opening a certificate or increasing the deposits in your share account, consider it now. With a 12- or 24-month certificate, you can capitalize on rising interest rates.

The service charges on several kinds of debt, like credit cards and private student loans, are tied to the prime rate and may increase along with it. That’s why you might want to consider refinancing now.

Avoid an increased debt rate by refinancing to a personal loan or a home equity line of credit, which bundles your high-interest debt with your low-interest mortgage. Speak with a loan officer today – the sooner, the better.



Holiday Hours

In observance of President's Day, our offices will be closed on February 20th, 2017

Convenient Home Banking, Mobile Deposit, Telephone Banking and Mobile App will be available to assist you.

Have a safe & happy holiday!  
   The Secret of Financial Success

The secret of financial success is to spend what you have left after saving, instead of saving what you have left after spending.

It sounds almost too simple. But, if you’re not saving as much as you’d like to, ask yourself this: are you saving what you don’t spend or are you spending what you don’t save? That, in a nutshell, is the difference between a saver and a spender.

2017 Betty M. Collins Memorial Scholarship 

Given in memory of a founding Alive Credit Union Board Member, the Betty M. Collins Memorial Scholarship recognizes and offers $2,000 of financial assistance to a student currently pursuing a career in healthcare from an accredited institution.

America Saves Week

America Saves Week is an annual opportunity for individuals to assess their savings and take financial action. Each year, we encourage savers – or potential savers – just like you to set a goal, make a plan, and save automatically.

Refer-A-Friend Program

We take pride in building strong relationships with our members and giving them a positive experience they'll want to share with others. That's why when you refer a friend to open a loan or a checking account at Alive, you'll both earn $25!
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