Personal & Business Loans, Free Checking: Poughkeepsie, Newburgh, NY: TEG Federal Credit Union
Fraud and identity theft are becoming an epidemic in our communities, and to raise awareness and promote prevention, we are hosting a FREE shred event for you, our members. Safeguard against identity theft and fraud while removing all those tax returns and confidential documents cluttering […]
View moreHow Do I Know If I’m Talking to a Scammer? Know the signs of a scam. The internet has made communicating with others much easier, but it also makes it easier for scammers to find new victims. Scammers are constantly looking for people to take […]
View morePlease be aware of a phishing telephone scam that some credit unions across the country are reporting more frequently. Members are receiving phone calls from fraudsters posing as a credit union employee, who tell them that their account has been compromised or that their credit/debit […]
View moreWhat do I need to know about Adjustable-Rate Mortgages? An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that your monthly mortgage payment could go up or down over the life of your loan. ARMs […]
View moreHome warranty scams are rising. with millions of dollars lost to fraudsters each year. These scams can take many forms, but they all share one common goal: stealing your money. Scammers often pretend to be from companies you know and trust. For example, TEG Federal […]
View moreIf you live in Hudson Valley, it’s time to get on the defensive regarding mail theft. With rising reports of statements, packages, letters, and other important documents going unchecked due to a significant increase in mail thefts across the state, this is not something NY […]
View moreTEGFCU eStatements are your best option. Fast. Secure. Convenient. Always Available. Your bank statement is a vital tool for keeping track of your withdrawals and deposits, but more importantly, it also helps you become aware of suspicious activity and possible fraud. Fast – Avoid USPS […]
View moreThis year’s 54th Annual Meeting was held: March 30, 2023, 5:30 PM 1 Commerce Street, Poughkeepsie, NY, 12603 Each year, TEG Federal Credit Union hosts an Annual Meeting. Our Annual Meeting is a unique opportunity for credit union members to hear about our financial health […]
View moreStudent Scholarships Available We’re ready to support the future generations of our communities. Our scholarship program is an investment in our future and yours. With a solid education, we can all make a difference. TEG Federal Credit Union will award three $1,000.00 scholarships to graduating […]
View moreThe national trend of homebuyers seeking out properties in need of renovations has established a firm foothold in the Hudson Valley, where low inventory and a critically-low inventory of turnkey houses, have repositioned the market. As a result of these shifting sands, many homebuyers are […]
View moreIt all starts with an auto lease buyout. Simply put, this involves you buying your car when your lease ends, instead of turning it in, beginning a new lease and getting a different car. A car lease buyout is essentially a used car loan – only this time, you’ve already been driving the vehicle for the past few years.
View moreHaving a good credit score is critical in the age we live in. Having a low score—or no credit history—can hold you back in life. The good news is that you don’t have to live with a low credit score forever. You can use a […]
View moreBuying things with credit cards is quick and easy—just swipe your card and go. But for many, the ease of making purchases causes their balances to grow to unmanageable levels. If you have one or more high-interest credit cards, a personal loan can be used […]
View moreThe annual percentage rate (APR) is a term you’re likely to encounter while reviewing your mortgage options. Thankfully, it’s not difficult to understand—but what is APR exactly? Knowing how the APR works can help compare different loans to help you get the best deal possible. […]
View moreIf you have either a home equity line of credit (HELOC) or a home equity loan, you may have considered refinancing to get more favorable terms or to save money on interest. Before you refinance, however, there are some important things to consider to make […]
View moreThere are many perks to being a homeowner. When you buy a home, for example, the down payment and monthly mortgage payments you make help to grow your equity. Many people take advantage of their home equity by taking out either a home equity line […]
View morePersonal loans are among the most common financing options for borrowers. They are highly flexible, relatively easy to obtain, and the interest rates are often lower than other borrowing options, such as credit cards. If you are considering one of these loans, the following are […]
View moreIf you are thinking about applying for a loan, you may have encountered the term debt-to-income (DTI) ratio while researching your options. When considering applicants for a loan, lenders evaluate this ratio to make sure borrowers don’t have too much debt. Understanding the DTI ratio […]
View moreAlthough interest rates have been very low for a while, they are now rising. To cool the high level of inflation we are experiencing, the Federal Reserve is raising interest rates for the first time since 2018. During the uncertain economic times we are now […]
View moreIn just the past two years, home prices all across the nation have increased significantly. If you’ve been wondering what’s going on, the following overview can help you understand why prices are rising and how they affect your home’s equity. Why Are Home Prices Rising […]
View moreMany people tap into their home’s equity with either a home equity loan or a home equity line of credit (HELOC). They may use the money they borrow for a home improvement project, to buy new appliances, or for something else. A question that borrowers […]
View moreA common way that many homeowners borrow money is with a home equity loan. The money you borrow can be used for many different purposes, and the interest rates are usually lower than other borrowing options, like personal loans. The following overview can help you […]
View moreIf you’ve built up some equity in your home, you might be thinking about tapping into the cash to fund renovations and anything else you have on your plate. You might also be wondering how a home equity line of credit works. A home equity […]
View moreSign up for e-Statements and get entered to win one of three $100 Adams Fairacre Farms Gift Cards! We at TEG Federal Credit Union don’t want you to get e-Statements because it’s green. Saving trees and time is a great reason for you to want […]
View moreYou’ve probably heard it on the news – the Federal Reserve will raise interest rates this year to help slow inflation. According to many economists, we could see up to six or seven rate hikes in 2022. But what does this mean for you? Will […]
View moreVisiting the Hudson Valley should come with a warning – once you’ve experienced it, you will probably fall in love with it. Whether it’s the spectacular fall foliage, outdoor recreational adventures, breathtaking vistas, historic locations, or something else, each year many people are taken by […]
View moreWhen many find themselves in financial binds and need quick cash, they often turn to payday loans. These loans are quick and easy to obtain, and the funds are usually available the same day you apply. Although payday loans are convenient, they have some important […]
View moreTrying to keep up with multiple debt payments can be a big headache. Each debt will have its own monthly due date, and some debts will have higher interest rates than others. To simplify their lives, many people consolidate their debt so they only have […]
View moreOur Annual Meeting is an unique opportunity for credit union members to hear about our financial health and community impacts. It is a solid commitment by staff, members and volunteers to keep the credit union vibrant and growing. We invite all members to learn about […]
View morePersonal loans are among the most common and versatile loans that people apply for. They can be used for many different purposes, interest rates are fixed, and they can be obtained without collateral. Also, if you are approved for a personal loan, funds are usually […]
View moreCarrying a lot of debt can really hold you back in life. If you try to apply for a mortgage, for example, you may be denied if you already have an expensive car payment, a student loan, and significant credit card debt. Being deep in […]
View moreWhen you need access to a large amount of money rather quickly, there are a few different options available, including personal loans and personal lines of credit. Both offer consumers access to funds that can be used for almost any purpose, including financing a trip, […]
View moreAt TEG Federal Credit Union, we’re serious about protecting you from fraudulent activity on your accounts. That’s why we’ve strengthened our defenses with a new, automated system that can identify threats faster, notify you sooner and equip you with the tools you need to take […]
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