Posts by Megan Clark
How Credit Card Utilization Impacts Your Credit Score
Your credit score calculation is based on multiple factors, one being your credit utilization ratio. Understanding how your spending habits with your credit card can influence this ratio is important because credit utilization directly impacts your credit score. So, what exactly is credit card utilization, and why is it so important? Understanding Credit Utilization Credit…
Read MoreProtecting Your Kids in Virtual Gaming Worlds: Recognize and Avoiding Scams
In recent years, the popularity of virtual gaming worlds for kids has soared. Games like Minecraft, Roblox, and Fortnite have captivated young audiences, offering them imaginative landscapes to explore and conquer. However, alongside this surge in interest, there has been a growing concern about scams targeting young gamers. This post aims to shed light on…
Read MoreProtecting Older Adults: A Guide to Senior Scams
As our loved one’s age, they become increasingly vulnerable to a variety of scams that specifically target older adults. According to the Federal Bureau of Investigation (FBI) Internet Crime Complaint Center (IC3), in 2023, scams reported by those over the age of 60 topped $3.4 billion, marking an almost 11% increase in reported losses from…
Read MoreCongratulations to the 2024 Scholarship Recipients
At Park View Federal Credit Union, we are committed to supporting the academic success of our members and investing in the future of our community. Each year, we are pleased to award three (3) $500 scholarships to two graduating high school seniors and one full-time working professional. To apply, applicants must be a Park View…
Read MoreNavigating the Lending Landscape: Understanding the 5 Cs of Credit for Small Business Financing
Securing a business loan is a pivotal step for any small business owner looking to expand, invest in new equipment, or simply manage the ebb and flow of their operations. However, the process of getting approved for a loan can often feel like navigating through a maze, with various factors influencing the lender’s decision. At…
Read MoreHybrid HELOC: A Smarter Way to Access Home Equity
Homeownership is more than just a personal milestone; it’s an investment in your future. And tapping into the equity of your home can be a savvy financial move when it comes to consolidating debt, making home improvements, or covering tuition fees. While conventional loan options like a Home Equity Line of Credit (HELOC) or a…
Read MoreDefending Against Impersonation Scams
In an era where our lives are intertwined with technology more than ever before, scammers have adapted to use technology to exploit personal information. Impersonation scams, commonly referred to as spoofing, have become more sophisticated, with fraudsters targeting unsuspecting individuals and posing as trusted entities, including Park View Federal Credit Union. To help you safeguard…
Read MoreHow to Recognize and Defend Against PPP Loan Scams
In the wake of the COVID-19 pandemic, the Paycheck Protection Program (PPP) became a lifeline for small businesses struggling to stay afloat. However, this much-needed help also opened the doors to opportunistic fraudsters and recently, there has been a surge in PPP loan scam attempts that continue to target unsuspecting business owners. Exploiting PPP Loan…
Read MorePark View Federal Credit Union Receives 2024 Best of the Best Awards
Park View Federal Credit Union recognized by Member XP as one of North America’s best credit unions in providing an outstanding member experience in the following categories: Best Loan Experience, Best New Member Experience, and Best Transaction Experience. HARRISONBURG, Va. (FEBRUARY 22, 2024) – Park View Federal Credit Union emerges as a recipient of the…
Read MoreTips to Prepare for Tax Season
As tax season approaches, now is the time to get ahead of the game and prepare. Filing taxes can be a daunting task, but with careful planning and organization, you can navigate through the process with ease. To ensure a stress-free and smooth filing process with or without the help of a professional, explore these…
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