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Welcome to the Financial Wellness Center

New resources each week for the Heritage Family Credit Union community.

This Week

Financial Concepts Everyone Should Understand

We review the financial concepts that everyone needs to be familiar with. The information we all need to flourish in today's world.

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Financial Wellness Courses

Make real progress in less than an hour.

Understanding Insurance

23 minutes

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Understanding the common types of insurance, including auto, renters, health, plus more.

  • Insurance
    Understanding how insurance plays an important role in our financial lives.
  • Auto Insurance
    A review of the major types of auto insurance, factors influencing cost, and choosing a policy that's right for you.
  • Life Insurance
    Who needs life insurance, types of policies, and how to determine coverage.
  • Renter's Insurance
    Understanding the benefits (and potential pitfalls) of this type of inexpensive insurance.
  • Health Insurance
    The various health insurance choices.
  • Disability Insurance
    The benefits and costs of these often complex policies.

Managing Student Loan Debt

31 minutes

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An introduction to student loan repayment choices and strategies. Visit the Library for in-depth coverage of repayment plan options.

  • Making Smart Repayment Decisions
    Flexible federal student loan repayment plans can help you avoid financial trouble and reach your financial goals.
  • Repayment Strategies
    To repay your student loans, you need a comprehensive strategy to put your education debt in a larger financial picture that includes your income, non-education debt, and long-term goals.
  • How Repayment Plan Choices Affect Loan Cost
    Your repayment plan choice can greatly affect your monthly payment and the total cost of your student debt.
  • Deferment and Forbearance Options
    Both deferment and forbearance can help you avoid financial trouble. If you think you might qualify, reach out to your loan servicer as soon as you first experience financial difficulty.
  • Managing Loans in Times of Financial Distress
    You can’t always prevent financial stress, but how well you manage it will make all the difference in how successful you’ll be in meeting your repayment obligation.
  • Grace and Deferment Period Strategies
    Federal education loans all offer a grace or deferment period – a set amount of time during which repayment is not required. How you manage loans during your grace period can make a big difference.
  • Public Service Loan Forgiveness
    If you work in certain fields or for certain employers, a portion of your Direct Student Loan debt may be eligible for forgiveness.
  • Loan Consolidation
    Loan consolidation can simplify the loan repayment process, but you must review the loans you plan to consolidate carefully – once consolidated, there’s no going back.

Having a Baby

26 minutes

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A look at the financial challenges of raising a child.

  • Introduction
    Having a baby is not just a family decision, it's a financial decision too.
  • Babies and Budgets
    How to get your finances in shape before a baby arrives, including a budget review, paying down debt, making sure you're getting the best on any long-term debt, and creating an emergency fund.
  • Paying for the Baby Years
    The non-childcare costs you can expect when having a baby, from cribs to health insurance.
  • Managing Risks
    Life is filled with unexpected events. Learn how to ensure the financial security of your child in the worst case scenario.
  • Children and Taxes
    A review of the tax benefits that can help you manage the expenses incurred with children.
  • Childcare Choices
    An overview of different childcare choices and the financial implications of each.
  • Growing Up - Childhood and Beyond
    A look at the additional costs of raising a child beyond the first few years including the indirect costs.

Saving and Investing

26 minutes

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Why and how to invest, including how to save money now.

  • Saving and Investing
    The difference between investing and saving, and how to tell what's the best option for your needs.
  • Types of Investments
    The pros and cons of stocks, bonds, and cash. The concept of asset allocation is explained.
  • Investment Accounts
    The types of accounts available to investors, including both taxable and tax advantaged accounts.
  • Saving for Retirement
    Why save for retirement and the impact of fees on investment performance.
  • Retirement Saving Strategies
    How to develop a comprehensive retirement savings strategy.
  • Retirement Accounts
    An overview of the major retirement accounts, include Individual Retirement Accounts, Simplified Employee Pensions, and 401(k) plans.
  • Retirement Savings Ideas
    A few simple things to keep in mind when starting a retirement savings plan.
  • Individual Development Accounts
    Understanding the benefits of IDAs, how to qualify, and where to find a program.

About Heritage Family Credit Union

Since 1956, Heritage Family Credit Union has provided friendly, personable, high quality services for the entire family. With eleven branches, we offer a wide variety of financial products and services including mortgages, business services and construction loans to meet all of our members purchasing, refinancing and home remodeling needs.


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