A Home Equity loan can be an ideal way to tap your available the equity for a variety of expenses, but what is the best way to use these funds? Here are four forward-thinking uses for a Home Equity loan:
(Woodbury, MN – August 31, 2020) – With demand for food assistance rising to historic levels in our local communities, Ideal Credit Union rallied its employees to raise funds for Second Harvest Heartland’s ongoing hunger relief efforts, resulting in $606 from staff and another $175 on Ideal’s Facebook page from members. Ideal CU’s Board of Directors sweetened the pot by offering to match 100% of the cash raised up to $2,500. In total, a check for $2,500 was sent to Second Harvest to support its mission to end hunger through community partnerships and make families and communities whole again.
(Woodbury MN – August 28, 2020) With safety in mind, Ideal Credit Union turned its annual Member/Community Appreciation event into a two-week virtual celebration that increased participation and enabled attendees to follow along online and on social media. Ideal saw an 89% increase in adult registrants from 35 states and a 52% increase in youth registrants from 7 states enroll online for chance to win cash prizes. Ideal gave away ten $500 grand prizes, five $250 grand prizes and ten $50 Bucky Bear youth prizes. Overall, Ideal gave away $6,750 to 25 lucky winners, and donated another $3,000 to local area food shelves in the communities the credit union serves.
Credit cards and debit cards offer incredible convenience; but, is it a smart idea to pay monthly bills with them? Choosing to pay a bill with a card can have a significant impact on your general financial wellness — for better or for worse. It’s important to consider the many variables of this decision before going ahead with it. Let’s take a closer look at the pros and cons.