New Auto Loan Tax Update for 2025 Vehicle Purchases
If you purchased a new vehicle in 2025, there’s an important tax update you’ll want to know about. A recent federal tax change may allow some borrowers to deduct part of the interest they paid on their auto loan when filing their 2025 taxes. It’s something new, and we didn’t want you to miss it.…
Read MoreDo This Not That: Plan Your 2026 Finances With Ease
According to a recent WalletHub survey, nearly 3 in 4 people say their financial situation impacts their mental well-being, and 69% of Americans feel insecure about their finances. It is no wonder so many of us are tired of traditional “new year, new budget” advice. Financial wellness does not have to mean strict spreadsheets. It…
Read MoreTDE Frequently asked questions
As always, we are hard at work behind the scenes enhancing your online experience and providing you a better way to bank! We’re excited to bring you Transaction Data Enhancement to make managing your finances easier and more intuitive! With this new functionality, your online banking experience will become more detailed, organized, and user-friendly. So…
Read MoreKeeping you and your finances safe and secure
Protect Yourself in Several Ways CPM Federal Credit Union is dedicated to member service and what better way to serve our members than to provide advice on how to protect against security threats! Unfortunately, there are increasing numbers of security risks popping up each day and the best way to prevent yourself from becoming a…
Read MoreAdjustable-Rate Mortgages: How They Work and What to Know Before You Choose One
Buying a home is an exciting journey—but it also comes with lots of decisions, especially when it comes to choosing the right mortgage. One option that often sparks curiosity is the adjustable-rate mortgage (ARM). If you’ve ever wondered how an ARM works, whether it could be a smart choice for you, or how it compares to…
Read MoreNot all calls and texts can be trusted!
Recently there has been an increase in phone and text scams targeting credit union members. Scammers have recently called and texted CPM members posing as a fraud department, and asked the member to “verify” personal information such as card numbers, online banking information and Social Security numbers stating that there is an unusual charge on…
Read MoreRaise the Bar – Win Big When You Open a Checking Account
You worked so hard for your savings – why stop there? At CPM Federal Credit Union, we believe your finances should work as hard as you do. That’s why we’re inviting you to take the next step with our Raise the Bar campaign! From September 1 – September 30, 2025, open a new checking account…
Read MoreTariffs, Car Buying, and Your Spending Power—What You Need to Know
Thinking about buying a car this year? You’re not alone. But if you’ve been keeping an eye on prices, you may have noticed something: the sticker shock is real. One factor that can quietly push prices higher—especially for cars, trucks, and SUVs—is tariffs. What’s a Tariff, and Why Does It Matter for Car Buying? In plain…
Read MoreSwitch to eStatements.
Why Make the Switch? 1. Faster Access With eStatements, your monthly account statements are available sooner than traditional mail. You’ll get an email notification as soon as your statement is ready—no waiting, no delay. 2. Safer and More Secure Paper statements can be lost or stolen, increasing your risk of identity theft. eStatements are securely stored in…
Read MoreTop 5 Reasons to Use Your CPM Debit Card When Traveling
Whether you’re heading to the mountains, the beach, or just hitting the road for a little adventure, traveling should feel fun—not financially stressful. One of the easiest ways to keep your trip smooth and your money safe? Bring your CPM Visa® Debit Card along for the ride. Here’s why using your debit card is one…
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