Recent Articles

Michael S. Ostrowski, President and CEO of Arrha Credit Union Testified on an Act to Modernize Credit Union Laws

Michael S. Ostrowski, President and CEO of Arrha Credit Union testified on an act to modernize credit union laws before the Joint Committee on Financial Services.  Ostrowski testified on allowing technological advances; increasing transactional authority for chartering and merging credit unions; and increasing in state authority for low-income designation. 

Equifax Breach: What You Can Do to Safeguard Your Financial Data

More than 140 million Americans affected 

The recent data breach in which more than 140 million Equifax accounts were hacked is considered one of the largest ever, and serves as a reminder that we now live in a time that requires all of us to take proactive steps to protect our financial and personal data.

Identifying and Reporting Common Scams

On July 6, 2017 the Federal Trade Commission (FTC) issued an alert on scammers posing as FTC officials who contact individuals and claim they have won prizes from a charity contest. The scammers ask for money to cover taxes or insurance costs associated with the prize. While this is a new malicious campaign, scammers use these basic tactics time and time again with slightly different wording to take advantage of unsuspecting individuals. It may seem like a day doesn’t go by without scammers contacting you online or by phone seeking money and/or personal information.

Top 10 Gifts for New Grads

College commencement season is here again, but for many soon-to-be graduates, it's a time to both celebrate and prepare. With the job market still challenging and national student loan debt exceeding $1 trillion, new grads face real financial hurdles. 

Decide How Much to Save

When it comes to saving, something is better than nothing, and more is better than less. That’s not much help—but this simple guideline might be:

  • 50% of your after-tax income goes to needs
  • 20% goes to savings and debt repayment
  • 30% is for wants