Credit Union Membership Is Worth Hundreds

Did you know you’re saving money-maybe hundreds of dollars a year-just by being a Hopewell Federal Credit Union member? Credit unions typically charge fewer and lower fees than other financial institutions, according to the Credit Union National Association’s (CUNA) latest membership benefits report.

Of course, the amount you save has a lot to do with your financial habits and the number of Hopewell FCU products and services you use. On average, credit union member households in the U.S. save about $159 a year.

Some of those savings comes from higher rates on savings products. For example, according to CUNA’s latest report, money market accounts at credit unions earned an average interest rate of .18%, while the same accounts at banks earned .09% interest.

Lower rates on credit cards also benefit the bottom line. CUNA reported that the average rate for a classic credit union credit card is 11.70% versus 17.16% for a bank credit card.

Consider this: Financing a $25,000 new automobile for 60 months at a credit union will save members an average of $171 per year in interest expense compared to what they would pay at a banking institution. That’s approximately $855 in savings over five years.

Credit unions offer better value because they are non-for-profit institutions owned and controlled by their members. Banks are owned by stockholders who want solid returns on their investments.

Bottom line: If you’re looking for a safe place to save and borrow, without getting nickeled and dimed to death, credit unions are the best deal-bar none.

So visit Hopewell Federal Credit Union to see how much more you can save by using our services.

Security Information

Wendy’s is investigating reports of potential fraudulent activity at some of its restaurant locations.  This breach occurred from October 2015 – February 14, 2016 and could impact those who paid with a debit or credit card.  As always, we take your security very seriously.  If you have been impacted, please remember to monitor accounts for peculiar activity.

Additional articles and information you may find helpful.

Phishing is a way of attempting to acquire information such as usernames, passwords, and credit card details by masquerading as a trustworthy entity in an electronic communication. Vishing also called (Voice Phishing) is the voice counterpart to the phishing scheme. Instead of being directed by an email to a website, the user is asked to make a telephone call.

SMiShing is a spin-off version of Vishing.  In this instance the victim receives a text message via their cell phone with the implications that there is a threat to their account and request a callback to a number provided in the message.  The social engineering tactics used are the same as the phishing and vishing attacks; the only difference is the delivery method.


  • Remember….Hopewell Federal Credit Union will never call, email or text requesting your account number, social security number or last four digits of either.
  • Ignore e-mails or pop-up messages that request personal or financial information
  • Don’t use links in messages, even if the message appears to come from your credit union. Enter your credit union’s Web address in the browser yourself.  Phishers can make links look like they go one place, but it actually send you to their legitimate-looking fake site.
  • Read carefully. Typically, phishing messages are not personalized, whereas official credit union communications are. A typical warning sign is that the communication presents an urgent nature to the request.
  • Call Hopewell Federal Credit Union at 740.522.8311 to confirm the message. Always use the phone number printed on official statements or credit cards.  Do not use the number that appears in the message.

Keep your home and work computers safe with current technology solutions, including gateway routers and virus/malware/spyware detection software, which will help

Make the Most of Unexpected Moola

“The Three Amigos,” Maryland public school employee winners of a mega millions lottery who split $105 million after taxes, all say they will continue to work, for now.

One winner is going to help his kids pay for college and buy a house for his sister, another will backpack through Europe with her brother, and another plans an overseas trip. All vow to be careful about how they spend their winnings, according to

Whether you’ve won the lottery or come into unexpected cash by way of a bequest, receiving sudden wealth can be overwhelming whether you’re inheriting $10,000 or $10 million.

Here are some considerations that may help you manage your windfall, according to the Credit Union National Association’s Center for Personal Finance:

Find help. Just be sure the help you get is on your side. Make sure that the person managing your money is registered with the Securities and Exchange Commission. In addition, read your quarterly performance reports, never pay more than a 1.7% annual money management fee, and ask to see other client reports.

Take first steps. Contact your tax professional for advice about what is and isn’t taxable. Also, be aware that each state has its own estate tax rules. Check the Internal Revenue Service website at for current rules.

Plan ahead. What do you want to accomplish in life and how will this money help you get there? For example, maybe now you can reach a life goal sooner than expected, perhaps by pursuing a different profession or going back to school.

Pay off debt. Using your windfall to pay off debt is a great idea, but experts recommend going one step further and figuring out how to avoid building new debt. Set aside enough money to cover future emergencies in case of job loss or a medical crisis.

Manage obligations. Have you saved enough for retirement? Are you saving for your kid’s education? If not, this is a great opportunity to beef up those accounts. If you still have money left, work with an adviser who knows you, your goals, and your timetable.

Splurge cautiously. Figure out what will make your life better long term and what might be fun just for now. Be careful how you spend and how much you spend. Studies show that more than 18% of those who receive $100,000 or more spend it, lose it, or give it away, according to a Consumer Affairs newsletter.

Regardless of your situation, receiving a large amount of money will be life-changing; the bigger the windfall, the more dramatic the impact is likely to be. Money management is one thing, but managing how your life has changed is another.