What You Will Learn in this Section

Take some time to review this section. When you've done so, you will:

  • have a clear understanding of your financial situation;
  • have a good grasp of your spending patterns;
  • be able to identify your strengths and weaknesses in dealing with money;
  • have learned some helpful hints about saving money;
  • know what your goals are;
  • have learned how to reach those goals by making some simple changes;
  • know the legal alternatives available to you;
  • have learned about the different ways you can borrow money to pay off your debt;
  • know when you should—and when you should not—refinance your mortgage;
  • be able to make informed decisions about getting a home equity loan;
  • know what your options are when you need a loan to buy a car;
  • understand why, in most cases, loans from qualified retirement plans are not recommended; and
  • have a strategy in place for borrowing money, for whatever reason, that makes sense for you.
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.