Blog

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Many financial institutions offer overdraft protection for checking account holders. Overdraft protection can be a life saver or a huge headache. At New Covenant Dominion Credit Union, we offer overdraft protection for our member account holders. Keep in mind that overdraft protection is a backup plan that usually incurs fees when it is used. The following is what you need to know about overdraft protection. 
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You may think of yourself as being pretty savvy about fraud. And you may possess both the knowledge and skepticism needed to thwart most attempts. But two factors, in particular, can weaken even the stoutest defenses: speed and feelings. Criminals commonly prey on our desire for convenience and our emotional relationship with money when devising their scams.
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A checking account is a contractual relationship between you and your financial institution, with each party having specific responsibilities. The financial institution holds your money in a safe place and helps to facilitate your purchases. You are responsible for handling your account wisely by not overspending the money you have in your account.
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Because of their omnipresence in our society, you’ve probably read about financial scams over the years. It’s important to keep in mind, though, that criminals put a lot of effort into developing fresh ways to defraud victims. Staying safe requires continuously educating yourself about the latest tactics fraudsters use to scam.
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New Covenant Dominion Credit Union, a minority-owned financial institution founded in 2007 by the National Credit Union Administration that services underserved individuals in the Bronx and surrounding areas, announces its grand reopening after extensive renovations and an expansion.
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If overwhelming debt is causing you stress, you are not alone. If you are pulling your hair and thinking, “Help, I'm in debt!” Keep reading for strategies to relieve debt stress.
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As we as a society do increasingly more online, including shopping, communicating and banking, it can be challenging to keep up with how to keep personal information safe.
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A new car is one of the most expensive purchases many consumers ever make. According to the National Automobile Dealers Association, the average price of a new car sold in the United States is $28,400. That’s why it’s important to know how to make a smart deal. Luckily, we’re here to discuss car loan options with you.
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When your monthly statement comes, there’s a great temptation to pay only the minimum. Don’t do it. Read your statement carefully for information about how long it would take to pay off your account balance if you only pay the minimum payment.
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If you believe that someone has stolen your identity, you should: Contact any credit union, bank or creditor where you have an account that you think may be the subject of identity theft. Advise them of the identity theft.

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