Money Mindset Blog

You’re getting a tax refund - congratulations! Now, how are you planning to use it?

Did you know that Greylock offers a scholarship for high school students who exemplify community spirit and respect for their peers?

Scammers are good at triggering emotional responses. They know that if they can scare, confuse, or stress you out, you may be more likely to take quick action without thinking it through. Be wary of any phone call, email, or text message with a strong sense of urgency and insistence on immediate action. The first step in protecting yourself and your financial security is to STOP and THINK.

Debt can happen to any of us. Sometimes we make choices that overstretch our budget or develop spending habits that challenge self-control. Sometimes unexpected life events require funds we simply do not have. Whether debt is of your own making or a result of unfortunate occurrences, there are ways to tackle the burden.

According to U.S. News & World Report, the majority of Americans do not have enough savings to cover three months of living expenses, leaving them vulnerable to a financial emergency. The unexpected loss of a job, a trip to the emergency room, car or home repairs, or costly veterinarian bills can wreck even the most carefully planned budget - which is why having an emergency fund is crucial to financial stability.

Post holidays and tax season can be a good time for financial reflection, an opportunity to check in with your credit score - that three-digit number that has powerful implications on your financial wellbeing - especially if you're in the market for a big purchase or even a new job.

Tax season is upon us and Greylock Federal Credit Union has a variety of resources to help you through it.

Refinancing refers to the process of replacing an existing loan with a new one, usually to secure better terms, like a lower interest rate or a shorter/different term. As the #1 mortgage lender in Berkshire County, Greylock is an excellent place to start the process. Check out this Q&A to see if refinancing is right for you - then reach out to us!

As a mom and a banker, I see firsthand how digital tools can make life easier -- not just for me, but for my kids too. Greylock's Digital Banking has rolled out some great new features, and I have already seen them in action in my own household.

Financial intuitions like Greylock talk about credit a lot. Building credit. Improving credit. Credit scores. Credit cards. But what exactly is credit?