Search Results for: loan

While every mortgage is a little different, one thing most home loans have in common is that they come with a 30-year term. However – it’s not the only choice. Another popular option is the 15-year mortgage.

When you make the decision to purchase a home, it can feel like there are a million things to plan for but there’s really just a handful that will get you on track. One of the first steps is saving money for a down payment.

Life happens. It might not be always possible to keep credit card balances low but when you know the options, it is possible to benefit from the spending and borrowing power you need for purchases while managing balances and interest charges. When you keep credit card balances low, you are on the path to make […]

Purchase the right car, and you’ll spend your time traveling in safety and comfort. Purchase the wrong car, and you could find yourself stuck on the side of the road waiting for a tow truck.

Should you lease a car or buy a car? This is a question that many car shoppers face and the answer is simple: it depends.

Families with dependent children are about to receive advanced payments as part of the American Rescue Plan’s expansion of the Child Tax Credit. On average, families who claim the Child Tax Credit for 2021 will receive up to $3,000 per qualifying child each year, paid out in monthly installments. A qualifying child is between 6 and 17 […]

HUECU’s Annual Personal Finance Summit was a hit! With over 500 registrants, our members were eager to gain a deeper knowledge of the best ways to simplify their finances. Our 2021 Summit consisted of four different sessions over four days: Simplifying Financial Goals, Understanding Investing, Student Loan Repayment, and Decoding the Fine Print.

The Boston Children's Hospital in collaboration with the Harvard Federal Credit Union (Harvard FCU) will host a webinar series for Boston Children's Hospital employees designed…
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A home renovation project is one of those rare opportunities where you get to spend money to make money. In other words: the updates you make on your house today, will only increase the value of your property in the future. Plus, in the meantime, you get to enjoy a better living space without the […]

Here are some answers to frequently asked questions regarding escrow analysis. An escrow account is a fund set up on the borrower’s behalf to pay…
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When money is tight, it might be difficult to pay all of your monthly bills. You may have to make hard financial decisions about which bills you should pay and which ones you delay. Although everyone’s financial situation is unique, here are some general rules of thumb from our partners at GreenPath Financial Wellness for […]

Your credit score dictates a lot in your life — from your interest rates to whether or not you qualify for a certain job. It’s important to keep track of both your score and your credit report (which is your credit history that’s used to make up your score) to check for any inaccuracies. And, […]

HUECU’s Spring Town Hall was held this past Friday, May 14th, with President and CEO Craig Leonard, who answered questions on everything from current low interest rates to loan offerings and HUECU membership. Keep reading for a brief recap and click here to view the full recording of the event.

In 2010, MTV’s “Catfish” made waves, first as a feature-length documentary and subsequently as a popular TV series spinoff. The show popularized the term “catfish” as it follows couples who have met online but never in person; often one, if not both, halves of the romantic entanglements on the show are not being honest about […]

Sometimes the hardest part about budgeting is sticking to a plan. The “set it and forget it” mentality can be a stress-free way for some to manage their money; but for others, autopiloting their finances leads toward speed bumps like missed bills or debt accumulation. If that’s the case for you, you may want to […]

Springtime is a busy season for anyone attending college next fall. In March and April, prospective students usually hear back from the schools they’ve applied to and learn two key pieces of information: if they’ve been admitted to the school, and what kind of financial aid they can expect to receive.

Half the challenge of homebuying is finding a house you love, in a great neighborhood, at a price that fits your budget. But, once you’ve found your dream home, what comes next? Here are some important things to think about when you’re ready to close on a home.

At the end of 2020, Citigroup named Jane Fraser its next CEO, making her the first ever woman to run a major U.S. bank. Women continue to make leaps in bounds in the world of finance, as well as with their personal finances — in 1974, women couldn’t even open credit cards on their own, […]

On Tuesday, March 30, 2021 Harvard University Employees Credit Union held its 81st Annual Meeting — the second year that the meeting has been held virtually. HUECU President and CEO Craig Leonard began the meeting by welcoming attendees and introducing the day’s speakers, including Senior Vice President and CFO Katie Armstrong, Board Chairman George White, […]

Buying a home is one of the most important purchases you’ll ever make – and sometimes, it can feel like one of the most complex. The good news is, you don’t have to do it alone! Smart homebuyers know that purchasing a piece of property is really a team effort.

With the excitement of Match Day, medical students around the country are preparing for the start of their new residencies. Becoming a resident is a major step toward entering the field as a fully qualified medical professional, but with just a few months before residencies begin, the relocation process can feel daunting.

With mortgage rates still hitting record lows due to the COVID-19 pandemic, many people are now considering buying a home. If purchasing a property is on the horizon and you’re ready to take the first step toward home ownership, keep reading for a rundown of everything you need to know about pre-qualification for a mortgage.

Financial independence is a tricky concept that can mean different things to different people. For some, being financially independent means not needing to work in order to support their lifestyle, or finally achieving those elusive retirement years. But, the very first step on any journey to financial independence is simple: stepping out on your own […]

Asking questions can be a great way to gain wisdom and insight. Spend time with younger children who are full of questions about a range of topics – why is the sky blue? for instance – and that becomes clear.

How to upload documents to Harvard FCU: For Home Loan Applications Visit the Loan Status page and be sure to have the application confirmation code…
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Did you receive an Abandoned Property Notice from Harvard FCU? The Commonwealth of Massachusetts General Laws relating to Abandoned Property requires that deposit accounts, which…
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Achieving financial freedom means taking ownership of your finances, so that you feel empowered to make the best decisions for your money and your life. Ultimately, financial freedom is all about living with less stress and more choice. While financial freedom isn’t necessarily hard to achieve, like anything worth having, it can take some work.

College costs are continuously increasing, fortunately, financial aid is available to help reduce education expenses. However, many students and families miss out on financial aid solely because they do not apply or they apply too late. Keep reading to make sure you’re making the most of these financial aid opportunities, and remember, don’t miss your […]

From credit cards and student loans, to home mortgages and more, the average American has over $90,000 in debt. Paying off debt can feel like a mammoth challenge, but it doesn’t have to be! This year, develop a debt repayment strategy and commit to paying down the money you owe. Here are a few key […]

A new year brings new goals or, for some of us, the continuation of prior goals. Whether it’s paying off a credit card, refinancing debt to a lower rate, saving for our next emergency or vacation (one day!), or another financial aspiration, HUECU has resources to help you and those in your household plan for […]

Here are the important details of your Platinum Rewards+ MasterCard® Click here for the full card How We Will Calculate Your Balance: We use…
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Choose your reward! With Smart Rewards Checking, there are no maintenance fees of any kind, just rewards you can count on. Choose the reward that's…
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2026 Thrive Home Buying Forum Home Buying Forum 2026 has concluded. Missed this year's Home Buying Forum? No worries! Check out the recordings and presentations…
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America Saves Week has concluded! Check out the 2024 themes below. America Saves Week is a national effort to set a savings goal, make a…
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BILH in collaboration with the Harvard Federal Credit Union (Harvard FCU) will host in-person and webinar information sessions for Beth Israel Lahey Health employees designed…
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Dana-Farber Cancer Institute in collaboration with the Harvard Federal Credit Union (Harvard FCU) will host a webinar series for DFCI employees designed to improve your…
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Our toolkit provides you with the information and guidance you need to meet your financial goals and achieve your financial future. Handouts Savings and Spending…
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In partnership with HUCTW, Harvard FCU will host a series of Financial Wellness classes for HUCTW members on a variety of financial topics. Browse the classes…
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The Mass General Brigham Employee Assistance Program (EAP) in collaboration with the Harvard Federal Credit Union (Harvard FCU) will host a webinar series for Mass…
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In partnership with Harvard University’s Work/Life Office, Harvard FCU will host a series of Financial Wellness classes on a variety of financial topics. Student Loan Repayment…
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