The facts about your credit score
Your credit score is based on your past and present credit transactions. Having a good credit score is important because most lenders use credit scores to evaluate the creditworthiness of a potential borrower.
Category: Personal Finance
What is a business HELOC? A comprehensive guide
A business home equity line of credit (HELOC) is a revolving line of credit in your business’s name secured by the equity in your personal home. It allows business owners to borrow against the equity they have built up in their property to fund business expenses. This product can be a helpful funding source for
Elevations CFS* wealth management program awarded Gold Pacesetter
The CUSO Financial Services, LP (“CFS*”) team at Elevations Credit Union was awarded the Gold Pacesetter award,** as they ranked within the top 15 of all programs across the company. “Advising members on how to make wise choices with their hard-earned dollars is a privilege for our team,” said John Marx, CFS program manager at
24 Elevations employees now certified financial counselors
Members have more access to financial counseling, as employee certification prepares them to offer this advice.
Which projects qualify for a home energy loan?
Tackling energy-efficient upgrades to your home can reduce monthly utility bills, boost the value of your property and lessen your impact on Colorado’s environment. To make this a reality, consider applying for a home energy loan.
Home Energy Audits 101
A home energy audit is a thorough examination of how your home is using energy and where energy is being wasted, plus recommendations for making your home more energy efficient. Implementing the fixes prescribed by a home energy audit can often result in a 5%-30% savings on your monthly electricity bill—not to mention a more
What’s the process to qualify for a home energy loan?
You may feel intimidated by the process of applying for an energy loan, but it’s surprisingly easy. And at Elevations, we’re here to support you every step of the way. Home energy loans can be used for projects big or small; the minimum amount Elevations will finance for a home energy loan is $500. These
6 Steps to building financial capability
Learning about finances doesn’t have to be overwhelming. Start learning the basics of how to get out of debt, save for your goals and more.
Understanding credit card balance transfers
In its simplest explanation, a credit card balance transfer allows you to transfer a balance from an existing credit card to a new one that has an introductory annual percentage rate that is lower or a 0% APR.
Home Equity Loan vs Cash-Out Refinance
Your Colorado home is valuable. So, why not dip into the equity that you have accrued as a homeowner to help reach your financial goals? Two options to access your home’s equity are a home equity loan and a cash-out refinance. Both options put dollars in your pocket but in very different ways. Let’s examine
