Rest Confident, Your Money is Safe and Secure at Kirtland Credit Union, a message from our President & CEO. Learn More
We have engaged FORVIS, LLP (Attn: Jeff Rosno, 1801 California Street , Ste. 2900, Denver, CO 80202) to perform member verifications. Kindly compare the balance of your accounts on your December 2022 statement WITH YOUR RECORDS. If balances do not agree, please address your discrepancies directly to FORVIS, LLP. Include your name, truncated account number, and an explanation of the difference noted. A reply is not considered necessary unless a difference is noted.
Kirtland CU branches and the Member Contact Center will be closed Monday, September 4 in observance of Labor Day.
Due to a power outage, our Montgomery Crossings branch is currently closed.
Our other branches remain open to serve your needs, as well as Kirtland CU Online & Mobile Banking.
By Ashleigh, K-Staff
Do you have an emergency fund? If you’re like many Americans, the answer is probably no. In fact, more than half of Americans don’t have enough savings to cover three months of expenses, according to a July 2021 Bankrate.com poll. Despite multiple rounds of stimulus assistance from the federal government, just 1 in 6 say they have more emergency savings than before the pandemic started.
If you’re like most Americans, building an emergency fund should be a top priority. The good news is there are simple steps you can take today to protect yourself from whatever may come tomorrow.
Few of us anticipate having a costly crisis—but they’re so commonplace that it makes sense to be prepared. Do you have the money you would need to cover:
Nearly all of us face these situations, and credit cards and loans tend to be go-tos. But interest payments make them more expensive choices, and your particular credit situation may not be conducive to relying on these avenues. Having a savings fund ready to go can give you peace of mind during a stressful time.
A good rule-of-thumb is to save six to nine months’ worth of expenses. Factors including job stability, the ease with which you could find a similar job if you needed to, and family structure (are you the sole income-earner in your household?) all influence whether you should aim for the lower or higher end of that range.
MoneyUnder30.com has a very useful calculator for figuring a good target for your emergency fund.
Building a good emergency fund could take some time, but any amount you do save before an emergency allows you to borrow that much less.
An emergency fund is the smartest way to handle financial obstacles. If you do encounter a financial emergency and don’t have the savings to handle it, a low-rate loan or credit card are the next best option. Kirtland FCU has wide variety of savings account, credit card programs, and loan options to help you handle any expense!