Uncategorized Archives - CPM Federal Credit Union

Navigating the Mortgage Maze: Expert Advice from Clark Adkins

Buying a home is one of the biggest financial decisions you’ll ever make—and with rising prices, low inventory, and evolving mortgage options, it can feel more overwhelming than ever. Whether you’re a first-time homebuyer wondering about government loan programs, debating between pre-qualification and pre-approval, or exploring the pros and cons of refinancing, there’s no shortage…

Exit from Shared Branching

📣 Important Update: CPM Is Exiting the Shared Branching Network At CPM Federal Credit Union, we’re always looking for ways to improve your banking experience and make it more secure, seamless, and member-focused. With that in mind, we want to let you know about an upcoming change: 🗓️ Effective April 28, 2025, CPM will no longer…

Why Work at CPM? Our Benefits Make the Difference

At CPM Federal Credit Union, we believe that happy employees create the best experiences for our members. That’s why we invest in benefits that support your health, work-life balance, and financial well-being. Here’s what you can expect when you join our team: Health & Wellness Your health matters to us. That’s why we offer comprehensive…

Important Social Security Updates for Retirees in 2025

As we welcome 2025, big changes to Social Security will impact retirees and those nearing retirement. Staying informed is key to maximizing your benefits and planning for financial stability in your golden years. Whether you’re already drawing Social Security or preparing to apply, here’s what you should know. Cost-of-Living Adjustment (COLA)The Social Security Administration (SSA)…

Tis the Season (For A Mid-Year Money Checklist)

As summer hits its stride, the idea of financially preparing for the holidays might feel like overkill. Consider this: money is the most cited source of stress during the holidays, with 58% of US adults worrying about overspending or not having enough money. July is an ideal month to assess your financial picture and make…

Romance on a Budget: 10 Affordable Date Night Ideas

Hey there, lovebirds on a budget! Who said you need to empty your pockets to have an unforgettable date? We’re here to share some wallet-friendly date ideas that’ll make your heart skip a beat without burning a hole in your pocket. Whether you’re in a budding romance or celebrating years of togetherness, these tips will…

Take These Steps With Your Student Loans

All good things must come to an end – and that applies to the up-coming end of federal student loan payment relief measures, which paused federal student loan debt collection and reduced interest rates on federal student loans to 0% during the moratorium. For those with government-held loans, the relief options provided a record-long “breather.”…

Mid-Year Money Checkup: 5 Ways to Boost Your Financial Health

Summer is in full swing and so is peak travel season. And while July is a prime time to get outdoors and cash in on any plans you may have—at home or beyond—the reality is that financial concerns (and recent credit interest rate spikes) remain a pain point for many of us. Here are five…

Protecting Your Loved Ones from Elder Fraud

laptop with a padlock around it and an older person typing on the computer

In 2022, Phyllis Wiseberg, a 90-year-old widow lost $20,000 when cybercriminals withdrew the money from her account. Her story, shared by the National Council on Aging, is devastating, but unfortunately not uncommon. Financial exploitation is a reality many seniors face, especially in the age of online scams. Here are actions you can take to help…