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Welcome to the Financial Wellness Center

New resources each week for the South Metro Federal Credit Union community.

This Week

Caring for Aging Parents

As parents age, adult children may need to provide financial guidance and support. This week, we look at some of the issues common to many families.
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Credit Report with Score

Managing Credit

21 minutes

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Credit reports and scores, credit vs. debit cards, reading your credit report, plus more.

  • Credit vs. Debit Cards
    Credit and debit cards each have pros and cons. When should you use each?
  • Credit Reports and Scores
    Credit reports and scores determine the rates you pay when borrowing and can affect your ability to get certain jobs.
  • Risks and Benefits of Credit Cards
    Credit cards offer benefits for many consumers, but it's important to understand the risks of unsecured credit.
  • Building Credit
    Understanding the decisions and behaviors that can lead to improved credit scores.
  • Understanding the Credit Card Act of 2009
    How the new regulations work to protect card holders.
  • Reading Your Credit Report
    A detailed description of what to expect and look for when viewing a credit report.
Person putting last piece of a jigsaw puzzle down.

Financial Planning

23 minutes

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What you need to know to start making a long-term financial plan, from getting married to planning for retirement.

  • Financial Planning
    Learning the "how" and "why" of short, medium, and long-term financial planning.
  • Medical Care Planning
    How to make sure your wishes are followed in a medical crisis.
  • Estate Planning
    Wills, trusts, and other end of life issues.
  • Creating a Will
    A will is the cornerstone of the legal framework of an estate plan, and everyone should have one.
  • Powers of Attorney
    Everyone faces the possibility of temporary or permanent incapacitation. Make sure your wishes are followed.
  • Talking About Money
    A look at some of the financial considerations of getting married.
  • Planning for the Unexpected
    Planning for unexpected events, including accidents, death, and even the possibility of divorce, are all part of a responsible marriage.
Young woman, and on chin, looking up to left, question marks on chalkboard, wondering.

Choices About Money

10 minutes

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Financial decisions almost always involve a trade off - getting something now usually means giving up something else.

  • Choices About Money
    Financial decisions almost always involve a trade off - getting something now usually means giving up something else.
  • Financial Values
    While each of us may have different values, we all make financial decisions based on them.
  • Setting Financial Goals
    Setting financial goals gives us the chance to step back from everyday pressures, allowing us to think about how we’d like to be rather than as how we are.
Miniature house, gold coins, car protected with black umbrella

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.

 Enter the Budget Challenge for a Chance to Win $1,000!

As we approach the holiday spending season, now is a great time to review your spending plan. Simply update your monthly budget to be entered to win. Sign up or log in to get started!

Promotion ends 12/31/22.

Details

About South Metro Federal Credit Union

Our suite of Financial Education Services (FES) is founded on providing a thorough education and consistent guidance with a confidential personal representative. With this relationship in place, we’ll work with you to determine your broad goals and set tactics for direct outcomes that build credit and help manage debt. We’ll empower you with the mindset, tools and products it takes to make an impact on your financial health.

A photo of Alyssa Walford.

Have a question?

Alyssa Walford
952-358-9738
fes@southmet.com

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