NFCU
Paid In Full
Maxed Out
All About The Benjamins
Identity Thief
100
Who is ranked #1 and is "World's Largest" Credit Union?
Navy Federal Credit Union
100
How many Credit Bureaus are there?
3
100
How many credit reports can you get for FREE annually?
One
100
A budget is used to prevent spending more than you earn. True or false?
True
100
Giving your pin number to someone who later withdraws more money out of your account than you agreed to is called fraud. True or False?
False
200
Are we insured by NCUA or FDIC?
NCUA (National Credit Union Administration)
200
Who can offer lowest interest rate? Bank or Credit Union?
Credit Union
200
True or False: If you always pay the minimum balance on your credit card on time, you will not be assessed a finance charge.
False
200
An individual's income before taxes are paid is called? A. Gross Income B. Contract Income C. Net Income D. Premium Income
A. Gross Income
200
How often should you check your bank statements?
Every month
300
Who qualifies for Membership with Navy Federal?
DOD/Service Members and their families as well as Coast Guard
300
What does APR Stand for?
Annual Percentage Rate
300
What does a credit card company do when you fail to pay your credit card bill on time? A. Charge you a finance charge B. Charge you a late fee C. Charge you an over-the-limit fee D. Both A and B E. All the above
D
300
Gross Income - Deductions = ?
Net Income
300
Is possession of the card needed to for fraud?
No
400
Being in the Military qualifies you for additional accounts and discounts. True or False
True
400
Which of the following defines "Collateral"? A. Dividends earned on an account B. Finance charge from an institution for borrowing money C. Something pledged as security for repayment of a loan D. Score used to rate your credit worthiness
C. Something pledged as security for repayment of a loan.
400
The process of moving an unpaid credit card debt from one issuer to another is called what? A. A finance charge B. A balance transfer C. Diversification D. Liquefying your assets
B. A balance transfer
400
Which of these is a fixed expense? A. Gasoline B. Telephone C. Rent D. Electricity
C. Rent
400
Will a bank or credit union ever email you requesting personal information?
No
500
Where is the nearest Navy Federal Credit Union?
Enterprise, Alabama
500
The two basic types of installment loans are what?
Secured and Unsecured
500
Which of the following can affect a person’s credit score? A. Number of open accounts B. Late Payment history C. Not having any credit cards D. All of the above
D
500
A formula that lenders use to calculate income against debt is what?
Debt to Income Ratio: Liabilities/Income
500
What is the fastest growing crime in America?
Identity Theft
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