paterson

Destination: Financial Freedom

July 29, 2022

It’s never too early to start thinking about buying a new vehicle. When you do, make sure you’re prepared with our tips and guidelines on everything from auto loan programs to vehicle searches. Our friendly loan professionals are experienced in vehicle lending and can guide you through many of your ...

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You might be running a brick-and-mortar shop. Maybe those weekend music gigs bring in real money. Or perhaps your online craft store is taking off. From traditional small businesses to smaller side projects, managing finances is a critical component of your success. Business banking can help you ...

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Could you use some extra money in your life? Maybe you’re looking to build up your child’s college tuition fund. Maybe an unexpected illness landed you in the hospital and saddled you with debt, or you need emergency house repairs. Or perhaps you need to pay off a lot of credit card debt quickly or ...

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When five Hackensack educators opened Greater Alliance Federal Credit Union in 1937, they never imagined that the tradition of outstanding service and commitment to our members would carry on for 85 years.   Throughout that time, Greater Alliance FCU have kept the mission that was chartered by ...

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Do you have a big purchase in mind, such as securing your wedding venue or finally taking your dream vacation to the Italian countryside? If you want to use your credit card on larger purchases without paying substantial interest fees, you need to have a good credit score. To improve your credit ...

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An unexpected financial emergency can put you and your family in a perilous position. Whether it’s an unexpected vehicle repair, a broken appliance, or a sudden illness, sometimes all you need is a bit of a safety net to help you get back on your feet. Unfortunately, many of us are strapped for ...

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The Basics of Student Loans As many people know, you can’t put a price on a good education. Still, over 30% of college graduates continue to face the debt collector as they search for their dream jobs. Student loans are the only type of loan that a bank can issue to any student regardless of ...

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You might be running a brick-and-mortar shop. Maybe those weekend music gigs bring in real money. Or perhaps your online craft store is taking off. From traditional small businesses to smaller side projects, managing finances is a critical component of your success. Business banking can help you ...

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NEW YORK, NY - Greater Alliance Federal Credit Union (GAFCU), a New Jersey-based financial institution with $239 million in assets, has successfully launched Narmi’s digital account opening and mobile and web-based banking platform to provide its more than 23,000 members with an elegant, end-to-end ...

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What is “digital banking”?  Imagine you’re shopping and need to transfer money to cover a transaction. Maybe you need to pay the babysitter on a Sunday. Or you’re out of town and want to check your balance. What are your options? Drive across town to a branch? Try to navigate your financial ...

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HACKENSACK, NJ – The Greater Alliance Federal Credit Union (GAFCU) has cut the ribbon and opened its doors on Hudson Street in Hackensack. Their new branch is located in the heart of the City at 100 Hudson Street and boasts an open concept where customers no longer have to wait at a counter.

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Buying a new vehicle is one of the most important purchases you can make in life, so researching the right type and model should be a top priority. While choosing the perfect model and color of your car are important, so too is understanding the financing. Knowing how an auto loan works will ...

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Life happens. No matter how much you might plan and save, water heaters break, once-in-a-lifetime appliance sales come along, unexpected wedding or school expenses arise. This is exactly why you might be exploring top reasons for getting a personal loan. Whether a large one-time purchase like a ...

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Create a cost-cutting plan right for you A recent Intuit survey revealed that 65% of American adults don’t know how much they spend monthly and one-third regret overspending last month. It’s not surprising—creating and sticking to a monthly budget can be daunting. If you find yourself wishing ...

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If you have paid your mortgage loan up to a level that the remaining debt is less than the current market value of your home, you are said to have equity in your home. Having home equity allows you to borrow money equal to a percentage of your equity amount, but the problem arises when you get to ...

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Get personal budgeting tips to help feel financially secure Life brings unexpected surprises. And while many are welcomed, some are expensive. Having the right financial preparation can help make those unexpected costs easier to handle. Let’s take a look at how you can prepare.  Build up an ...

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The expanded child tax credit was established in the American Rescue Plan signed into law in March. In 2021, the maximum enhanced child tax credit is $3,600 for children younger than age 6 and $3,000 for those between 6 and 17. The credit will be distributed as an advance on 2021 taxes in ...

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Every business, no matter how big or small, can end up as a failure. Indeed, being a business owner is not for the faint of heart. On the contrary, with threats lurking around every corner, running a company requires a lot of bravery and self-discipline. While some entrepreneurs can ...

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Tips for how you can take advantage of 0% interest and no payments   If you have student loan debt, you’re probably breathing a sigh of relief. Borrowers with federal student debt won’t have to make monthly payments and can expect 0% interest through September 2021.   The ...

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No matter if you are a very experienced homeowner or moving into your first house, you are aware that there are many regular home and car maintenance tasks and occasional repairs, such as getting a garage door spring replacement or filling the cracks in the flooring, that you will need to deal ...

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Financial investment is all about the allocation of money with the aim to gain a positive return in the future. In a simpler context, investment is all about owning an asset with the objective of generating income from the appreciating value of the asset over time. Learning how to invest money ...

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Personal loans are gaining popularity by the day. They’re the fastest-growing type of consumer debt. If you’ve never applied for a personal loan, you may have already asked yourself the question: What are personal loans used for? We’ve all been in situations where we have found ourselves in need ...

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It’s an unfortunate fact that many of our veterans returning from tour arrive at their doorstep with a suitcase full of struggles. From mental health to financial concerns, a post-military life can be extremely challenging for many. While there are resources available for veterans to turn to, ...

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The COVID-19 pandemic has brought unprecedented change to the financial sector, and the mortgage industry has not been spared. As mortgages are the most important asset on lenders’ books, lenders are being extra careful when determining who they should loan to, making it more challenging for ...

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Help kids save money with these teaching tips If you want to teach kids money management and the importance of saving, it doesn’t hurt to start early. Research shows that children grasp how money works as early as age 3. By age 7, they begin to hone money habits. Plus, many adults say they would ...

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Having a family is incredibly rewarding, and it’s one of life’s main goals for many people. However, before starting a family, it’s important to make sure that you are financially ready to take on such a challenge. Having a family is an endless joy, but it is becoming increasingly ...

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If you own a home, chances are you want to make some upgrades or renovations at some point. After all, you want a space that works for your specific needs. From new countertops to a fresh coat of paint in the bedroom, there are a variety of home improvement ideas to consider. While these ...

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The era of the average income being enough to fund a household is long gone. Even before the events of 2020, it was extremely challenging for a working couple to afford the classic family setup (a stable home, food on the table, money for entertainment), and even harder for one-income families to ...

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A new financial outlook for a new year If you've wondered where your hard-earned money goes, you’re not alone. After all, it’s easy to spend money—monthly bills and weekly groceries are on a continuous cycle. And you can buy just about anything with the swipe of a credit card. For some people, ...

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Get help setting goals and sticking to budgets If your 2021 resolution includes some sort of financial goal, you are not alone. According to a recent survey, more than half of Americans will make a money resolution for 2021, many with the goal of reducing debt or becoming debt-free. Whether your ...

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