Credit Union
To become a member of a Credit Union, you need to blank an account
What is Open
What is a three-digit number that reflects your credit?
What is Credit Score
What’s a stock?
What is A share of ownership in a company.
A bank account where you can get direct deposit set up
What is Checking Account
What is budgeting?
Creating a plan on how to spend your money.
credit unions are non- profit financial institution, true or false?
What is True
Blank is a line of credit that you borrow money from a bank with a promise to pay it back. This can be secured, unsecured, conventional.
What is a loan
Blank is a low-risk investment that promise your money back with paid interest. Typically to a government agency.
What is Bond
Blank is Connected directly to your checking accounts, which allows you to make daily transactions for purchasing merchandise or services and you can withdraw money
What is Debit Card
Blank are expenses you can change each month, like dining out or entertainment.
What are Variable expenses.
What is a Credit Union?
What is A credit union is a member-owned, non-profit financial institution that provides traditional banking services.
Without a good credit history, vendors have no way of knowing if someone is trustworthy to loan to. True or False
True.
Blank is a Employer-sponsored plan allowing pre-tax or Roth contributions, often with employer matching
What is 401K
Money in a Peer-to-Peer app like Venmo, Cash App and PayPal are insured, true or false?
What is False.
Unlike Credit Unions, they are not insured. Credit Unions are insured by National Credit Union Administration (NCUA).
Rent, car payments, and insurance are examples ofbudgeting methods. this type of expense
What is Fixed expenses
How can a credit union benefit me?
Offering lower lower fees and better interest rates.
Are there any credit card fees?
What is Yes.
Some credit cards have a yearly fee. So, it’s best to choose a credit card without a yearly fee—especially if you’re just getting started.
Blank is putting time or money into something with the hope of getting something greater in return but is also risky.
What is Investing
Blank is a type of fee when you overspend on your checking account.
What is an overdraft fee.
What is the 50/30/20 Rule and how can it help you?
50/30/20 rule stands for 50% needs, 30% wants, 20% savings/debt. this rule helps you keep track of your income and ensures that your covering essentials.
What year was the first credit union created in Minnesota?
What is 1925
This 3-digit number range is the highest credit score anyone can attain.
What is 850
Everyone has access to private stock, true or false?
False, Private stocks are private. This means that the general public doesn’t have access to them, so ownership is limited to a small group of employees or internal company investors.
What ages are eligible for Blaze's student accounts.
What is 14-17
Blank describes the total amount of money you earn before any deductions. (taxes, Medicare, social security)
What is gross income