Money Mindset Blog

When it comes to saving money, compound interest is like a superpower for your savings. It can help your money grow a lot over time. But what is compound interest, and how does it work?

We all know someone – a friend, neighbor, family member or co-worker - who could use a little help to stay warm this winter.

The holidays are over, and while the festive cheer lingers, the looming credit card bills can dampen the spirit.

Sebastián Patiño Gómez immigrated to the U.S. from Colombia two years ago to keep his family safe. At the time, he knew very little English and nothing about the American banking system.

The holidays are here, bringing that familiar urge to spend a little extra on the people we love. It’s a good feeling…until the bills arrive. If you've ever found yourself dreading your January credit card statements, you’re not alone. With thoughtful planning, you can keep your holiday joy intact without taking on holiday debt. 

As the colder months approach, heating costs can become a significant part of your household budget. “We all need heat,” said Jeff Lowenstein, a Financial Wellness Coach at Greylock Federal, “not just to keep us safe and comfortable, but also to protect our homes.”

For Cindy Shogry-Raimer, vice president and director of Community Development at Greylock, fraud is a topic she’s well-versed in. She, and others at Greylock’s Community Empowerment Center, routinely lead discussions on fraud and ways to stay safe.

For years, Greylock members have enjoyed the ease and convenience of eStatements. Now, these benefits will be extended to various documents through Greylock’s eDocuments portal.

Fall is almost here and that means cooler nights, leaves changing color and an increase in cyber-attacks and fraud incidents. That’s right, as the leaves are falling down, the criminal activity seems to ramp up.

Buying your first home is an exciting milestone, but it can also feel overwhelming. “In today’s competitive marketplace, many houses are selling as soon as they become available,” said Erin Carlotto, AVP Mortgage Origination Officer at Greylock Federal Credit Union. “But with the right preparation, you can give yourself an advantage over other home shoppers and navigate this journey with confidence.”