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3 min read

Fueling Growth: Strategies for Scaling Your Business

By Wasatch Peaks on May 17, 2024

In today’s fast-paced business environment, standing still is not an option. Growth is not just a goal; it’s a necessity for survival and success. But how do you achieve sustained growth in a competitive market? This week we explore how to identify growth opportunities, the customer experience, leveraging strategic partnerships, and evaluating your current products and services.

3 min read

Financial Management Solutions for your business

By Wasatch Peaks on May 9, 2024

Running a flourishing business means overseeing a constant flow of money. There’s revenue, payroll, suppliers, lease payments, taxes and so much more. It’s a lot to keep track of!  Luckily, though, there are lots of products on the market that can help you cover, manage and track your business expenses effectively and smoothly. Let’s take a look at some of these business products and share some tips for choosing those that are the best fit for your business.

3 min read

Wasatch Peaks Offers A Membership Affiliate Association With TFNU

By Tod Schroeder on April 1, 2024

Discover the exciting new membership opportunity at Wasatch Peaks Credit Union with the Trails Foundation of Northern Utah (TFNU) affiliation.

Topics: TFNU Membership
3 min read

Money Market Accounts vs. Savings Accounts

By Wasatch Peaks on March 26, 2024

Savings and money market accounts are two popular options available to individuals seeking a secure, low-risk avenue to keep their money. Both options provide a safe place to store your funds while earning some interest.

Topics: Savings
9 min read

Can You Add to Your Money Market Balance Regularly?

By Wasatch Peaks on March 18, 2024

Money market accounts offer a higher interest rate but come with some restrictions compared to checking and saving accounts. But, can you add to your balance regularly with a money market account? And are you able to withdraw money at any time, or is it stuck in the account when you might need funds unexpectedly? 

Topics: Savings
4 min read

What Are the Benefits of a Money Market Account?

By Wasatch Peaks on March 7, 2024

Money market accounts (MMAs) are unique types of savings accounts that offer numerous benefits. An MMA combines the best of both worlds of a checking account and a savings account, making it an excellent choice for savers and consumers alike.

Topics: Savings
2 min read

Protect Yourself from After Holiday Scams

By Wasatch Peaks on January 8, 2024

The weeks after the holiday season generally bring an increase in scams that can be difficult to spot. Watch out for these common post-holiday scams.

6 min read

Home Equity Loan vs. Mortgages - What's the Difference?

By Wasatch Peaks on November 27, 2023

Home equity loans and mortgages are both ways of borrowing against the value of your home. That’s why home equity loans are also sometimes known as second mortgages, but there are also fundamental differences in how these loans work and what they are intended to achieve. 

2 min read

Is Black Friday shopping worth the hassle?

By Wasatch Peaks on November 21, 2023

Q: I’m an avid sales shopper, but after so many Black Fridays spent fighting crowds to chase down deals, but often coming home disappointed, I’m wondering if it’s all worth it. Should I give up the Black Friday shopping?

8 min read

Money Market vs. CD - Which One Is Better?

By Wasatch Peaks on November 20, 2023

When it comes to building savings, both CDs and money market accounts offer safe, easy ways to get started, but which one is better for helping you achieve your financial goals now and in the future? 

5 min read

Money Market Accounts Pros and Cons

By Wasatch Peaks on November 6, 2023

Money market accounts offer a great way to grow your savings while keeping your money close at hand, but come with some restrictions. We take a look at some money market account pros and cons to keep in mind when choosing where to invest your savings.

7 min read

Should You Get a Home Equity Loan for Debt Consolidation

By Wasatch Peaks on October 26, 2023

Tapping the equity you hold in your home can be a great way to pay for major renovations, college tuition, and other big expenses, but did you know you can also use a home equity loan for debt consolidation? We take a look at the pros and cons of using your home equity to help pay down your high-interest debt.

4 min read

Is a Simple IRA the Same as a Traditional IRA?

By Wasatch Peaks on September 6, 2023

Are you trying to decipher the differences between retirement savings plans? SIMPLE IRAs (Savings Incentive Match Plans for Employees) and Traditional IRAs (Traditional Individual Retirement Accounts) are two popular investment vehicles that can help you secure a financially stable future.

4 min read

Can You Use a Roth IRA as an Emergency Fund?

By Wasatch Peaks on September 5, 2023

It's no secret that stashing away funds in a tax-advantaged retirement account is a savvy financial move. However, the stringent rules attached to these accounts can often make it challenging if you need to access your savings in an emergency. 

4 min read

Certificate of Deposit Advantages and Disadvantages

By Wasatch Peaks on August 31, 2023

Certificates of deposit (CDs) can be an attractive investment option, offering many benefits such as fixed returns and higher interest rates than traditional savings accounts. However, there are a few potential downsides and it's essential to understand them fully before diving in. 

6 min read

How Many IRAs Can You Have?

By Wasatch Peaks on August 29, 2023

Can you have more than one IRA? The short answer is yes, but the reasons you might want to do so are more complex. We take a look at why you might want to have more than one IRA account as well as some of the implications of doing so.

9 min read

How to Open a Traditional IRA in 5 Steps

By Wasatch Peaks on August 24, 2023

Traditional individual retirement accounts (IRAs) offer a simple and convenient way to save for retirement as well as offering significant potential tax savings. Here’s how to open a traditional IRA in just a few easy steps.

4 min read

Where to Open a Coverdell Education Savings Account

By Wasatch Peaks on August 21, 2023

A Coverdell Education Savings Account is a great way to start saving for your child's education expenses from K-12, college, and even other forms of higher education. You can open an account with your local credit union or another financial institution such as a bank. 

8 min read

Roth IRA vs. IUL - Which One Is Better?

By Wasatch Peaks on August 18, 2023

Saving for retirement is essential, but according to a recent survey, almost two-thirds of Americans fear their retirement planning is not on track. Smart long-term planning is critical if you are not going to struggle to make ends meet once you stop working.   

10 min read

Are Certificates of Deposit Worth It Right Now?

By Wasatch Peaks on August 17, 2023

The roaring eighties and nineties gave certificates of deposit (CDs) an undeserved reputation as a safe but rather dull place to keep excess cash. High inflation, soaring interest rates, a looming recession, and an uncertain stock market have changed all that. Read on to find out why CDs are having a moment—and why you need to be part of it.

2 min read

Perks of Get Away Today

By Wasatch Peaks on August 10, 2023

At Wasatch Peaks Credit Union, we want to help make your financial and personal dreams come true. Whether that’s buying a new house, applying for our Visa Platinum Cash Back Rewards Card or getting a personal loan for your vacation, we’re here to help you every step of the way. Because of this, we’ve partnered with Get Away Today to make sure that your next vacation is worry free. If you’ve never heard of Get Away Today, here are just a couple of reasons why we recommend them for all your travel needs:

6 min read

Can You Add Money to a CD Regularly?

By Wasatch Peaks on August 8, 2023

A certificate of deposit offers a predictable and risk-free way to grow money you can afford to be without for a few months. But what if you want to add cash to a certificate account you have already opened? Can you add money to a certificate of deposit on a regular basis? At Wasatch Peaks Credit Union, the answer is yes.

8 min read

How to Open a CD Account in 5 Steps

By Wasatch Peaks on August 1, 2023

Certificate of deposit (CD) accounts offer higher rates and guaranteed returns with all the security of a regular deposit account. That makes them a great way to save for a set goal or take the next step in turning your nest egg into real long-term wealth. 

Topics: Savings
5 min read

Requirements for a Home Equity Loan in 2023

By Wasatch Peaks on May 8, 2023

It’s a good time to be a homeowner. A home equity loan can help you invest further in your most valuable asset or fund other important expenses. Here’s what you need to take out a home equity loan in 2023.

6 min read

Refinancing a Home Equity Loan - What You Need to Know

By Wasatch Peaks on May 1, 2023

Refinancing a home equity loan can help lower your monthly payment or adjust your loan terms to better meet your needs. It’s another way to make what you already have work harder for you. Here’s how to refinance a home equity loan and when it might make sense for you to do it.

3 min read

Affordable Sustainability 4 of 12: Reduce Your Energy Usage

By Wasatch Peaks on April 26, 2023

One of the best ways to live a sustainable lifestyle is to reduce your energy usage. Practicing energy efficiency enables you to lower your carbon footprint and help combat climate change, all while saving money on your energy bills. It’s truly a win-win! 

6 min read

HELOC vs Home Equity Loan

By Wasatch Peaks on April 24, 2023

If you're a homeowner, you may tap into the equity you've built up in your home to finance your projects and achieve your goals. Whether you’re looking for a lump sum installment loan or a revolving credit line, we’re here to help you find the option that best fits your needs.

3 min read

Travel Hacks 4 of 12: How to Choose a Vacation Destination for Less

By Wasatch Peaks on April 20, 2023

Planning and enjoying a dream vacation without taking out a second mortgage may seem out of reach, but it is possible. One of the best ways to bring down vacation costs without compromising on the fun factor is to choose a vacation destination smartly. Here’s how to find a budget-friendly vacation destination for the trip of a lifetime!

3 min read

Why Your Child Should Have a Savings Account

By Wasatch Peaks on April 18, 2023

 

5 min read

HELOC vs Cash-out Refinance

By Wasatch Peaks on April 17, 2023

Once you've built up some equity in your home, you may be wondering about the best way to access the funds so you can complete home improvements, go on a dream vacation, consolidate debt, or achieve another goal.

5 min read

Using Home Equity to Purchase a New Home - How to Guide

By Wasatch Peaks on April 10, 2023

If you’re a Wasatch Front homeowner looking to buy a second property, the equity you hold in your original property can be a powerful way to fund your purchase or cover some of the costs associated with buying a rental or investment property.

5 min read

How Do Money Market Accounts Work?

By Wasatch Peaks on April 4, 2023

Saving is essential to reaching your financial dreams. A money market account can be a great place to begin or provide a valuable stepping stone to the next stage in your savings journey. We take a closer look at how money market accounts work, what they’re best used for, and what to look for in finding a great account that matches your needs.

4 min read

How Long Are Motorcycle Loans?

By Wasatch Peaks on April 4, 2023

There’s nothing quite like going for a long motorcycle ride on a warm, sunny day—just you, the open air, and the road ahead. It’s an experience that only motorcycle riders can truly understand and appreciate.

7 min read

What is a Home Equity Line of Credit?

By Wasatch Peaks on April 3, 2023

If you're a homeowner looking for a convenient way to access funds, you might consider tapping into your home’s equity. One great way to do this is by opening a home equity line of credit, or a HELOC. 

4 min read

April is Financial Literacy Month

By Wasatch Peaks on March 28, 2023

Financial literacy is the ability to understand and use financial skills, including responsible money management, budgeting, saving and investing for the future. Let’s take a deeper look at Financial Literacy Month along with some ways to become more financially literate for managing our money responsibly all year long. 

3 min read

Lawn-Care Scams Sprout up in Spring

By Wasatch Peaks on March 27, 2023

Spring is here, and the buds are sprouting like mushrooms after rain. Unfortunately, so are the scams. The Better Business Bureau (BBB) is warning of an uptick in lawn-care scams, which can be difficult to spot. Here’s what you need to know about these scams and how to play it safe.

4 min read

Are Money Market Accounts Safe?

By Wasatch Peaks on March 27, 2023

If you’re a north Utahn who is just starting to save, keeping your hard-earned money safe is your top priority. We explain why a money market account is among the safest choices you can make and answer some common questions, like “Is a money market account FDIC insured?”

Topics: Business
4 min read

Boat Financing Guide With Calculator

By Wasatch Peaks on March 21, 2023

Chances are you already have an auto loan and maybe even a home loan. Well, boat financing isn't all that different. You simply borrow the amount you need to cover the purchase, choose a loan term to suit your budget, then start making monthly payments. 

Topics: RV Loans
3 min read

Travel Hacks 3 of 12: Choose a Vacation Date

By Wasatch Peaks on March 20, 2023

If you’re planning a dream getaway, you don’t have to plan on spending a boatload of money. An easy way to bring down costs while still enjoying the vacation of a lifetime is to be flexible with your vacation date. Let’s take a look at why your vacation date has such a strong impact on prices and how to be flexible with your travel plans. 

4 min read

How to Open a Money Market Account in 6 Steps

By Wasatch Peaks on March 20, 2023

A money market account is a great way to start putting money away towards any savings goal. Whether you have your eye on a dream wedding, an island vacation, a loaded side-by-side, or you just want to set aside cash in a rainy day fund, a money market account offers a great way to get started.

Topics: Business
3 min read

Affordable Sustainability 3 of 12: 7 Tips for Upcycling at Home

By Wasatch Peaks on March 17, 2023

Upcycling is a popular way to reuse old or unwanted items while giving them new life. It’s an environmentally friendly choice that reduces waste and saves you money at the same time. Best of all, you only need some creativity, a little time to devote to the project and stuff you already have lying around at home to be a successful upcycler. 

Topics: Budgeting
4 min read

How Long Can You Finance A Boat?

By Wasatch Peaks on March 9, 2023

If you are thinking about buying a boat to enjoy sailing, fishing, water skiing, or something else, you may be wondering how long you can finance it. The longer your loan term, after all, the lower your monthly payments. The following overview of boat financing can help you understand how these loans work and how to determine the best loan term for your budget. 

Topics: RV Loans
3 min read

How to Get Motorcycle Loan Pre-Approval in Utah

By Wasatch Peaks on February 22, 2023

If you’re looking to hit the open road in a brand new ride or simply want a more fuel-efficient mode of transportation, nothing compares to a motorcycle. However, there are some important steps you should take before making your purchase, like creating a budget and getting pre-approved for a loan! This guide will show you how to get a motorcycle loan pre-approval.

Topics: RV Loans
3 min read

Affordable Sustainability 2 of 12: Going Organic on a Budget

By Wasatch Peaks on February 13, 2023

Going organic is a great way to improve your personal health and the health of the environment. By choosing organic products, you can help reduce the amount of synthetic pesticides and fertilizers that are used in the farming and harvesting of food products, which can have devastating effects on the soil, water and air. 

Topics: Budgeting
4 min read

What Are the Average RV Loan Terms?

By Wasatch Peaks on February 7, 2023

An RV can be a great investment, offering years of affordable family vacations or a great retirement lifestyle. But what are the average loan terms on an asset like a recreational vehicle? 

Topics: RV Loans
3 min read

Q&A: Why Are Prices So High Now?

By Wasatch Peaks on February 3, 2023

Q: I’m trying to heal financially as life returns to pre-pandemic norms, but the rising cost of many commodities, like groceries and gasoline, is making a financial rebound a challenge. Why are prices skyrocketing right now?

Topics: Budgeting
3 min read

Travel Hacks 1 of 12: 6 Ways to Save on Airfare

By Wasatch Peaks on January 25, 2023

If you’re planning a trip overseas, airfare may be your largest vacation expense. Even when flying relatively close to home, the cost of your airline ticket can take a big bite out of your vacation budget. Fortunately, there are loads of ways to save on airfare and leave you with more to spend at your destination. Here, we’ve compiled a list of six ways to save on airfare.

2 min read

5 Workplace Resolutions for the New Year

By Wasatch Peaks on January 20, 2023

It’s that time of year again: the time when you draw up a list of New Year’s resolutions looking awfully similar to last year’s list. This year, why not go beyond the usual weight-related goals and resolving to spend less time on social media by setting some resolutions for the workplace? It’s time to turn yourself into a star employee! Here are five workplace resolutions for the New Year.

3 min read

Affordable Sustainability 1/12: All You Need to Know About Going Solar

By Wasatch Peaks on January 20, 2023

Since 2008, hundreds of thousands of homeowners have chosen to install solar panels on their rooftops to use the sun’s energy for powering their homes. Solar panels can benefit the environment and can save the homeowner boatloads of money in energy costs over the years. Thanks to the ever-evolving solar industry and generous government incentives, solar panels are more popular than ever. Here’s what you need to know about going solar.

Topics: HELOC
3 min read

How to Finance an RV In Utah

By Wasatch Peaks on January 17, 2023

A recreational vehicle, also known as an RV or camper, gives you the opportunity to travel the country and still have all of the luxuries of home like a restroom, beds, and a kitchen for preparing meals. 

Topics: RV Loans
3 min read

The Post-Holiday Budget Recovery Guide

By Wasatch Peaks on January 11, 2023

The holidays are over, and if you’ve gone over budget with your spending, it’s time to deal with the aftermath. Instead of living in a financial deficit, take steps to repair your budget as soon as the last guest leaves. 

4 min read

What Is the Minimum Credit Score for an RV Loan?

By Wasatch Peaks on January 5, 2023

Taking off on a road trip adventure in an RV is a great way to spend time with friends and family. You can set up your home on wheels in a remote location, then relax and enjoy the natural surroundings. Traveling by RV allows you to have unique experiences that a hotel room could never match.

4 min read

How to Get Zero-Down RV Financing

By Wasatch Peaks on December 14, 2022

RVs are a great way to travel. These homes on wheels allow you to cruise to your destination in comfort and luxury. When you arrive, there’s no need to rent a hotel room since you brought your own accommodations.

3 min read

How to Get RV Loan Pre-Approval in Utah

By Wasatch Peaks on December 6, 2022

Recreational vehicles, also known as RVs or campers, are a unique hybrid between a vehicle and a home that you can take on the road! They’re a convenient way to travel the states without the hassle of flying, plus they have built-in accommodations. But the downside is that RVs can come with a hefty price tag.

Topics: RV Loans
1 min read

Financial Planning on a Budget

By Wasatch Peaks on October 7, 2022

According to recent studies, Americans are more concerned than ever about their finances. Unfortunately, most are doing nothing about it.

3 min read

How to Avoid Shopping Scams!

By Wasatch Peaks on June 2, 2022

Shopping these days is worlds away from what it was at the turn of the century, or even just a few years ago. According to retail research firm, Digital Commerce 360, eCommerce sales surpassed $870 billion in 2021, a 50% jump over 2019. Online shopping is quick, easy and convenient. 

Topics: Scams Security
3 min read

What is a Fraud Ring and How Can I Keep Myself Safe?

By Wasatch Peaks on May 2, 2022

You may have heard a lot recently about fraud rings and how dangerous they can be for both businesses and individuals. But what is a fraud ring and how can you keep yourself from becoming a victim?

3 min read

Should I Offer Financial Support to my Adult Child?

By Wasatch Peaks on April 30, 2022

Many parents have found themselves asking an important question: Should I offer financial support to my adult child?

3 min read

How To Save on Entertainment Costs

By Wasatch Peaks on March 11, 2022

With inflation driving up costs on everything imaginable, you may have found that your monthly budget isn't going as far as it usually does. 

4 min read

How to Get a Car Loan with Poor Credit

By Wasatch Peaks on February 11, 2022

Whether you have limited credit history, especially as a new borrower, or some negative credit history, there are many reasons why you may not have a great credit score. Many people get a car loan to purchase a new vehicle – but it can be tricky to qualify for one if you don’t have the best credit.

Topics: Credit Auto Loan
3 min read

What to Look for In a Credit Card [Checklist]

By Wasatch Peaks on February 2, 2022

When it comes to opening a new credit line, it's smart to research so you know what to look for in a credit card offer. Credit card companies, big banks, credit unions, and even your local retailers all have their own credit card products, so understanding how each works, and how they impact your finances is wise before sending off your application.  

Topics: Credit Cards
4 min read

Buying a House With Military Benefits [Guide] | Wasatch Peaks Credit Union

By Wasatch Peaks on January 31, 2022

Utah is proud to have a strong military, veteran, and retiree presence in its communities. 

3 min read

5 Types of Mortgage Loans You Need to Know

By Wasatch Peaks on January 26, 2022

When you’re buying a home, you may initially feel overwhelmed by the many different types of mortgage loans. It’s a lot to think about! But paying attention to your monthly budget, down payment amount, and credit score gives the best idea of which loan works for your situation.

3 min read

Beware Tax Filing Scams

By Wasatch Peaks on January 22, 2022

It’s tax season, so it’s time to get your paperwork in order and hire a tax preparer. Unfortunately, though, there are thousands of scammers looking to steal your information and your tax refund by posing as authentic tax preparers. It’s important to learn how to recognize the signs of a fraudulent tax preparer so you don’t fall victim to a tax filing scam. Here’s all you need to know about these scams and how to keep your money and your information safe.

Topics: TurboTax Taxes
3 min read

What is the Average Monthly Car Payment?

By Wasatch Peaks on January 22, 2022

A new car is a big purchase. It can be helpful to do some research ahead of time so you can know what to expect. This is especially true when it comes to the monthly payment for the car loan.

Topics: Auto Loan
4 min read

What Is the Best Time To Buy a Car?

By Wasatch Peaks on January 19, 2022

Buying a car is a major financial purchase. For many people, it is second only to their home purchase.

Topics: Auto Loan
4 min read

How to Get Out of an Upside Down Car Loan

By Wasatch Peaks on January 16, 2022

The value of vehicles will fluctuate over time. This depends on a variety of factors including the wear and tear of the vehicle and the overall market for cars. While there are exceptions in vintage collections and limited-edition models, most cars will eventually lose their value.

Topics: Auto Loan
3 min read

Is Phone Insurance Worth It?

By Wasatch Peaks on January 14, 2022

Whether it’s a cracked screen or an unexpected swim, it doesn’t take much to damage a cellphone.

3 min read

Different Types of Credit Cards Explained

By Wasatch Peaks on January 12, 2022

When it comes to choosing a credit card, there are many different options available. These different types of cards have pros and cons that can help you find the perfect fit for your situation. Here are 7 types of credit cards to consider:

4 min read

How to Calculate Your Home Equity

By Wasatch Peaks on January 11, 2022

Equity is a term that you may encounter when dealing with financial matters. It is easy to understand, and if you have equity in your home, you may be able to qualify for certain types of loans that have special benefits.

4 min read

HELOC Draw Period: What is it? How Does it Work?

By Wasatch Peaks on January 6, 2022

A home equity line of credit (HELOC) is a popular way for homeowners to tap into the equity they have in their homes. These loans are different from traditional loans in several ways, and it’s important to understand how they work before you apply for one.

3 min read

Should You Use a HELOC for Debt Consolidation?

By Wasatch Peaks on January 3, 2022

You may be considering a home equity line of credit (HELOC) to gain access to the value you’ve collected in your home, also known as equity. HELOCs work much like credit cards. You’re given a set credit line based on your home’s equity where you can then withdraw money as needed. 

Topics: HELOC
4 min read

First-Time Home Buyer's Guide to Mortgage Loans

By Wasatch Peaks on December 28, 2021

Mortgages are the most common way that people obtain the money they need to purchase their homes. If you are a first-time home buyer, the following overview can help you understand how mortgages work and what fees you can expect. There are also a few helpful tips for when you apply. 

3 min read

How to Use a Credit Card Like a Finance Expert

By Wasatch Peaks on December 27, 2021

Whether you’re getting your first credit card or you’d like to improve your habits with your credit card spending, we have some expert tips to help you use your card. There are many ways to use a credit card, but not all of them are wise or recommended.

5 min read

The Best Way to Finance a Car

By Wasatch Peaks on December 22, 2021

Buying a new car is exciting! If you’re like many people, you’re choosing to finance your purchase with an auto loan. There’s a lot to consider when it comes to your financing and what options are available to you! Check out this guide to help you discover the best way to finance your new car to help you save money and stress less.

Topics: Credit Auto Loan
5 min read

How Do You Recover from Identity Theft?

By Wasatch Peaks on December 21, 2021

Identity theft can be devastating to experience, and the process of recovery can be time consuming. There’s a lot to be considered as your repair the damage and you don’t want to leave any potential openings for further fraud. Here is a guide to help you explore and understand the recovery process.

4 min read

Are Store Credit Cards Worth It?

By Wasatch Peaks on December 20, 2021

You’ve likely experienced an overeager cashier or floor manager trying to sell you on the benefits of their store’s credit card. But are store credit cards worth it? Keep reading to find out what store credit cards entail, if they are right for you, and their pros and cons.

Topics: Credit Cards
4 min read

How to Compare Identity Theft Services

By Wasatch Peaks on December 20, 2021

Whether you’ve been a victim of identity theft or you’re trying to be proactive to avoid the damage and upheaval of identity theft, identity theft services can help keep your information safe in the future. However, once you’re ready to move forward, you’ll need to choose which identity theft service to move forward.

4 min read

Mortgage Pre-Approval vs. Pre-Qualification

By Wasatch Peaks on December 16, 2021

Before diving into the housing market, you usually have a general idea of where you want to live, how you want to live, and how much home you can afford. But that’s only the beginning!

3 min read

HELOC Requirements: Here's What You Need

By Wasatch Peaks on December 2, 2021

A home equity line of credit (HELOC) is a homeowner's best friend, especially when it comes to major renovations. 

Topics: HELOC
3 min read

15-Year vs. 30-Year Mortgage

By Wasatch Peaks on December 1, 2021

When you decide to become a homeowner, you’ll likely need to take out a mortgage to purchase your new home. Knowing you’ll need a mortgage to finance your home is an easy decision to make but deciding which mortgage is right for you can be a harder decision. 

3 min read

4 Scams to Watch Out for this Black Friday

By Wasatch Peaks on November 17, 2021

Black Friday has traditionally been the day that kicks off the holiday shopping season, sending hordes of crowds surging through malls and big-box stores all over the nation. Unfortunately, it’s also been a day that kicks off the season of shopping scams. 

Topics: Scams Security
4 min read

How to Choose the Right Credit Card

By Wasatch Peaks on November 16, 2021

You can use your credit card to perform many useful functions beyond paying for items in-store and online. Credit cards can give you a financial safety net, help you shop safer, earn rewards, and even get cash back on purchases.

Topics: Credit Cards
3 min read

Credit vs. Debit Cards: What’s the Difference

By Wasatch Peaks on November 16, 2021

While they may look similar, debit cards and credit cards work differently and can provide different benefits when you utilize them. Understanding how they work and when to use them can help you make the best decisions for your finances. Here’s a guide to help you understand each type of card and when to use them.

4 min read

Steps in the Mortgage Process

By Wasatch Peaks on November 14, 2021

At Wasatch Peaks Credit Union, one of our primary services is helping walk you through the home loan process. A mortgage loan is a huge financial commitment, and you need to know that you have expert help available for areas you may not be familiar with.

3 min read

Is a Home Equity Line of Credit (HELOC) a Good Idea?

By Wasatch Peaks on November 11, 2021

You may be considering a home equity line of credit (HELOC) to gain access to the value you’ve collected in your home, also known as equity. HELOCs work much like credit cards. Based on your home’s equity, you’re given a set credit line where you can then withdraw money from as needed.

Topics: HELOC
3 min read

How to Get the Best Home Equity Line of Credit (HELOC) Rate

By Wasatch Peaks on November 8, 2021

Owning a home is a huge financial investment. But how can you put that investment to work for you?

Topics: HELOC
4 min read

The Advantages [and Disadvantages] of Paying Off a Car Loan Early

By Wasatch Peaks on November 1, 2021

Did you know that you have the option to pay off your car loan early?

Topics: Auto Loan
2 min read

What is the Minimum Down Payment on a Car?

By Wasatch Peaks on October 20, 2021

Buying a car can be an exciting experience, but there are many different components to understand. An important part of financing your new, or new-to-you, car is your down payment. You may be wondering how a down payment works and how much you’ll need to pay for your vehicle upfront. Check out this guide to learn more and help you decide how much you’ll want to pay for a down payment.

Topics: Auto Loan
5 min read

How Can You Prevent Identity Theft?

By Wasatch Peaks on October 14, 2021

Identity theft occurs when someone uses another individual’s personal information to commit fraud or other serious crimes. This can have devastating consequences to the victims who are left to pick up the pieces. This guide can help you identify ways to better prevent identity theft and protect your personal information.

Topics: Scams Security
3 min read

Is Identity Theft Protection Worth It?

By Wasatch Peaks on October 13, 2021

According to Experian, identity theft will impact 1 in 20 people in the United States. Whether the identity theft has to do with debit or credit cards, financial accounts and loans, or government information, the victim is left to deal with the fallout and recovery.

Topics: Scams Security
4 min read

What is an SBA Loan?

By Wasatch Peaks on October 8, 2021

Small Business Administration (SBA) loans are very popular among business owners for several reasons. It’s worth taking the time to learn about them and to see how they compare to other financing options if you need a loan for a startup or to expand an existing business.

Topics: Business
3 min read

What is a Business Line of Credit & How Does It Work?

By Wasatch Peaks on October 7, 2021

There’s a lot to juggle when you’re a business owner, including how to finance your business purchases. Whether you’re needing to finance inventory purchases, equipment or other business expenses, a business line of credit can be a great option for short-term financing. We’ve put together a guide to help answer your questions and decide if a business line of credit is the best choice for you.

Topics: Credit Business
4 min read

How to Get a Business Line of Credit

By Wasatch Peaks on September 24, 2021

A business line of credit can be a great alternative to a traditional business loan. This type of loan is often more flexible in terms of how the funds can be used and repayment requirements, which makes them a popular option.

Topics: Business
5 min read

A Complete Guide to Small Business Start-Up Loans & Credit

By Wasatch Peaks on September 21, 2021

With several small business loans to choose from, selecting the best one for your startup can be confusing. The following overview of the most common small business startup loans can help you determine which funding option is best for your needs.

Topics: Business
3 min read

Don't Get Spooked by a Halloween Scam

By Wasatch Peaks on September 20, 2021

That cackling, long-haired witch might send your heart fluttering with fear, but these Halloween scams are even spookier! Here’s what to know about these common Halloween scams. 

Topics: Scams Security
3 min read

Beware Gift Card Scams

By Wasatch Peaks on September 13, 2021

Everyone loves a gift card for their favorite retailer or restaurant. It’s like getting money to spend in any way you please! Unfortunately, scammers also love gift cards, but for all the wrong reasons: They often use gift cards to pull off scams. Here’s what you need to know about gift card scams and how to avoid them.

Topics: Scams Security
4 min read

How to Get a Commercial Loan For Rental Property

By Wasatch Peaks on September 7, 2021

Investing in rental property is a proven vehicle for building wealth. After making a down payment and securing a loan for the remainder, you can then use the monthly rental income to make the mortgage payments and grow your net worth.

4 min read

Understanding the Different Types of SBA Loans

By Wasatch Peaks on September 2, 2021

Small businesses are the backbone of our country. They employ nearly half of the national workforce, and they are responsible for just over half of the US gross domestic product. They are the unsung heroes of our economy.

5 min read

Should I Buy or Lease a Car?

By Wasatch Peaks on September 2, 2021

Are you torn between buying or leasing your next car? Choosing between the two can be difficult, but there are pros and cons to each that might help you make your choice. Here is a guide to help you decide which option is the best fit for your needs.

Topics: Auto Loan
4 min read

4 Types of Commercial Real Estate Loans

By Wasatch Peaks on August 30, 2021

If you are thinking about starting a business, or you would like to expand an existing business, you may be wondering how you can obtain the necessary funding to purchase commercial real estate. The answer may be found in either a Small Business Administration (SBA) loan or a line of credit.

Topics: Business
3 min read

Things to Consider When Buying a Company Car for a Small Business

By Wasatch Peaks on August 27, 2021

Buying a company car for your business can be a big step forward with a lot of decisions to explore. You’ll want to find a vehicle that is affordable, fits your company image, and meets your needs. We’re here to help walk you through some of the important things to consider as you investigate buying your own company car.

4 min read

Guide to SBA Loans for Real Estate

By Wasatch Peaks on August 26, 2021

Unless you operate an e-commerce business or another online venture, real estate is a necessary part of most small business operations. While many businesses get started by leasing land or a store, most will eventually want to purchase property of their own as their startup matures and grows.

Topics: Business
3 min read

What Does 0% Auto Financing Really Mean

By Wasatch Peaks on August 25, 2021

You may have seen a dealer or financial institution offering 0% APR financing on auto loans, but what does that really mean? Is it as good of a deal as it sounds? We’re here to help you understand what this offer includes and how to decide if it’s a good fit for you.

Topics: Auto Loan
3 min read

How Do Commercial Construction Loans Work?

By Wasatch Peaks on August 20, 2021

Few companies have the necessary cash reserves to finance the construction of new buildings for their operations, which can cost millions. To finance expansions, they often turn to commercial construction loans for the land, materials, labor, and other costs.

Topics: Business
4 min read

What Credit Score is Needed to Buy a Car?

By Wasatch Peaks on August 18, 2021

Buying a new car can be a very exciting purchase, whether the car is new or new-to-you! Unless you have the funds saved up to purchase the car, you’ll need to get an auto loan to finance your purchase. There are several factors when it comes to qualifying for an auto loan, including your credit score. Here’s a helpful guide with information to help you through the process:

Topics: Credit Auto Loan
4 min read

How to Get a Small Business (SBA) Loan

By Wasatch Peaks on August 17, 2021

If you are a small business owner, obtaining a loan to expand your operations may be easier than you think. 

Topics: Business
3 min read

Beware Back to School Scams

By Wasatch Peaks on August 10, 2021

As the store aisles fill up with pencils and crayons and the frantic back-to-school shopping season begins, scammers are ready to strike. Whether you’re a college student preparing for the fall semester, a high school student ready to make the most of the coming school year or the parent of a student of any age, beware of these trending back-to-school scams.

Topics: Scams Security
5 min read

Checklist: Preparing for an SBA Loan Application

By Wasatch Peaks on August 9, 2021

As a small business owner, you are part of the backbone of the American economy. Small businesses makeup approximately 44 percent of all economic activity in the U.S. and employ millions of people. About 534,000 new small businesses start up every month, and nearly all of them need funding to get off the ground.

Topics: Business
4 min read

Why You Need to Be Financially Fit

By Wasatch Peaks on August 8, 2021

Individual Americans spend hundreds of dollars a year and at least as many hours on keeping themselves physically fit but too many people neglect their financial health. Just like physical health, being financially fit is crucial to your wellbeing, your future and your quality of life. 

4 min read

Business Loan vs. Line of Credit: How to Decide Which One Is Best

By Wasatch Peaks on August 6, 2021

Businesses often need a source of money to fund expansions, for additional working capital during slow seasons, and other reasons. The two most popular options for obtaining the funding they need are business loans and business lines of credit.

Topics: Business
3 min read

When Should I Refinance My Car? [Checklist]

By Wasatch Peaks on August 3, 2021

Deciding when to refinance your car loan can be a big decision. There are several factors to consider when it comes to the timing of a refinance and your situation. We’re here to help you understand how to refinance and then review what situations make refinancing a great option for you take advantage of.

Topics: Auto Loan
3 min read

What to Buy and What to Skip in August

By Wasatch Peaks on August 1, 2021

Q: I’d love to pick up some great bargains as the summer winds down, but I’m not sure what I should be buying this season. Which products typically go on sale in August and which should be pushed off for another time?

2 min read

What is an SBA 7(a) Loan for Startups?

By Wasatch Peaks on August 1, 2021

Starting a business can be daunting and can seem financially out of reach. Fortunately, there are loans specifically available to help small businesses reach goals and access important resources. Here’s a guide to help you get started:

Topics: Business
2 min read

How to Compare Checking Accounts

By Wasatch Peaks on July 31, 2021

With the different fees, resources, and types of accounts, choosing a checking account can sometimes feel overwhelming. There’s a lot of different factors to compare! We’ve put together this guide to help you know exactly what to look for when it comes to comparing the different checking accounts so you can find the best fit for you.

2 min read

Jumbo Loans: What You Need to Know

By Wasatch Peaks on July 30, 2021

When it comes to choosing a mortgage loan for your home, there are a lot of different options to consider. A jumbo loan might just be the loan you’re looking for! Check out this guide to learn more about jumbo loans and help you decide if it’s the right mortgage for you.

4 min read

How Long Does It Take to Get an SBA Loan?

By Wasatch Peaks on July 29, 2021

Small Business Administration (SBA) loans are the most common way that entrepreneurs finance expansions, obtain working capital, purchase real estate, and do other things that are critical to business success.

Topics: Business
2 min read

How to Finance Equipment & Buildings with an SBA 504 Loan

By Wasatch Peaks on July 29, 2021

Starting, maintaining, and growing a business is a lot to take on and equipment and real estate can be a major hurtle when it comes to business expenses. Fortunately, there are loans available to help ensure you have the funds you need to be successful. We’ve created this guide to help you understand how an SBA 504 loan can help you!

Topics: Business
2 min read

5 Advantages of Having a Checking Account

By Wasatch Peaks on July 22, 2021

Choosing to open a checking account can provide you with many benefits when it comes to managing and storing your money. We’ve put together this list of advantages you can enjoy when you utilize your checking account, check it out!

2 min read

[Guide] Opening a Checking Account: How To Do It & What's Required

By Wasatch Peaks on July 21, 2021

Utilizing a checking account is an important step for managing your money. It enables you to easily access, withdraw, and utilize your financials for a variety of transactions.

2 min read

Guide to Homebuyer Assistance Programs

By Wasatch Peaks on July 19, 2021

Buying a home can feel out of reach financially, especially when the housing market is active. Fortunately, there are homebuyer assistance programs available to help bring your dream of buying a home into your reach! From offering adjusted loan requirements, flexible terms, and grants to assist with down payments, there are a variety of options that could help you move into your dream home sooner than you think.

2 min read

6 Reasons to Consider a Car Loan from a Credit Union

By Wasatch Peaks on July 18, 2021

Choosing a financial institution to finance your car loan can be a difficult decision. While it’s important to find a good interest rate, it’s also very important to find a financial institution that works for you. We’re here to offer 6 reasons why you may want to consider choosing a credit union for your next auto loan.

Topics: Auto Loan
3 min read

10 Questions to Ask a Mortgage Lender

By Wasatch Peaks on July 17, 2021

Buying a home can be a daunting process, but your mortgage lender can help guide you through the financial process. It’s important to find a lender who is a good fit for you and one that you feel comfortable with. Here are some great questions that you may want to ask your lender to help you make important decisions:

4 min read

Renting vs. Buying Office Space: Which is Better?

By Wasatch Peaks on July 9, 2021

For the last year, the U.S. has had more remote workers than ever before. For those in the market to rent (or purchase) an office, this has presented a unique opportunity to get into previously tough-to-afford spaces. But, there are a number of different nuances to the decision of whether to rent or buy an office space, with no one-size-fits-all approach.

1 min read

Teach Your Teenager Money Management Skills with a Youth Checking Account

By Wasatch Peaks on July 6, 2021

As your teenager gets older, they transition closer to adulthood and moving into the world. Now is an important time to help them learn money management skills.

1 min read

How Checking Account Rewards Work

By Wasatch Peaks on July 6, 2021

Did you know that you can earn rewards with your checking account?

4 min read

Q&A: Why Are Prices So High Now?

By Wasatch Peaks on July 5, 2021

Q: I’m trying to heal financially as life returns to pre-pandemic norms, but the rising cost of many commodities, like groceries and gasoline, is making a financial rebound a challenge. Why are prices skyrocketing right now?

Topics: Budgeting
3 min read

How to Make a Vacation Budget You Can Keep

By Wasatch Peaks on June 29, 2021

With mask mandates and occupancy limits easing and/or lifting, millions of Americans are looking forward to a summer getaway with more excitement than usual. Entertainment venues are opening, attractions are up and running again and for some, it’s been two years since they’ve enjoyed a real summer vacation.

Topics: Budgeting
3 min read

College Degree Scams

By Wasatch Peaks on June 29, 2021

For many young adults, obtaining a college degree in their desired field is the key to a secure financial future. Unfortunately, though, scammers are exploiting this essential right of passage by offering fake diplomas and bogus degree programs to the unsuspecting college-bound crowd. Here’s what you need to know about college degree scams.

3 min read

Post-Pandemic Money Moves

By Wasatch Peaks on June 26, 2021

Re-acclimating to normal life as pandemic restrictions are lifted and businesses reopen across the country will mean more than just getting used to wearing real pants again and working without your cat on your lap. You’ll also need to consider your finances. How has your overall money management changed during the pandemic? Have you dipped into your savings? Have you been letting your retirement accounts slide? Or, maybe you’ve been waiting for the chance to hit your favorite retailers again, and you can’t wait to splurge after a 15-month financial fast.

4 min read

What Do I Need to Know About the Advance Child Tax Credit Payments?

By Wasatch Peaks on June 21, 2021

Q: I’ve heard that the IRS will start making advance payments toward the Child Tax Credit of 2021 this summer. What do I need to know about these payments?

Topics: Taxes
3 min read

Needs vs. Wants: How to Tell the Difference

By Wasatch Peaks on June 18, 2021

One of the most important parts of setting up a monthly budget is separating needs from wants. Before assigning dollar amounts to any categories, it’s important to know which parts of your monthly expenditures are an absolute need, and which items would be nice to include, but are not a necessity. Many people find this particularly challenging, and many even give up on budgeting when they can’t move past this step.

Topics: Budgeting
4 min read

How to Be a Competitive Buyer in Ogden's Hot Real Estate Market

By Wasatch Peaks on June 10, 2021

The real estate market in Ogden, Utah, has been robust for years—long before the market became hot for other cities in the U.S. It’s not hard to see why. Ogden is a gorgeous place, offering majestic views of the mountains, and its real estate provides access to an amazing quality of life.

2 min read

Six Reasons to Switch to eStatements

By Wasatch Peaks on June 8, 2021

Are you constantly dealing with a barrage of junk mail that clogs up your mailbox? Drowning in papers needing sifted through? Are you always afraid to throw out any paper from your financial institution, fearful that you’ll be throwing sensitive material into the trash and making it an easy steal for would-be scammers?

4 min read

Buying Commercial Real Estate [Checklist]

By Wasatch Peaks on June 7, 2021

Although residential real estate remains scarce, with bidding wars cropping up in even unassuming neighborhoods, there are many opportunities for those hoping to enter (or add to their holdings in) the commercial real estate sector.

3 min read

Home Improvements: DIY or Leave It To The Pros?

By Wasatch Peaks on May 27, 2021

Q: Which home improvement projects can I tackle myself, and which should I leave to the pros?

3 min read

Essential Tools for Every New Homeowner

By Wasatch Peaks on May 24, 2021

As a new homeowner, you likely have a long list of items you need or want to purchase for your new digs. From welcome mats to plungers and wall hangings, there’s lots to buy in the first weeks after moving day. As you browse through window treatments and home decor, don’t forget to stock up on the basic tools every new homeowner needs.

Topics: Home Tips
3 min read

5 Steps to Take Before a Large Purchase

By Wasatch Peaks on May 22, 2021

Have you been bitten by the gotta-have-it bug? It could be a Peloton bike that’s caught your eye, or maybe you want to spring for a new entertainment system, no matter the cost. Before you go ahead with the purchase, though, it’s a good idea to take a step back and follow the steps outlined here to be sure you’re making a decision you won’t ultimately regret.

Topics: Credit Cards
2 min read

Understanding Overdraft Protection

By Wasatch Peaks on May 5, 2021

What is Overdraft Protection?

Overdraft protection is a type of loan offered by a financial institution that ensures that your transactions clear, even if there aren’t enough funds in the account. This is done by linking two accounts. Your financial institution will automatically transfer funds from one account to cover the overdraw of funds in the other. This safety net will allow the transaction to go through up to a set amount but will result in an overdraft transfer fee.

2 min read

Why You Should Get a Mortgage Preapproval

By Wasatch Peaks on May 4, 2021

What is a Mortgage Preapproval?

A mortgage preapproval is the process that lenders utilize to determine how much money you can qualify for on a mortgage loan. If you qualify for a preapproval, you’ll receive a preapproval letter that can be used as you search for and buy your new home.

2 min read

How Long Does a Refinance Take?

By Wasatch Peaks on May 3, 2021

Refinancing your mortgage can be a great way to save money on your payment, take advantage of great interest rates, or to free up some extra cash. But how long will it take? We're here to help walk you through the process and any potential delays throughout.

3 min read

Spring Clean Your Finances

By Wasatch Peaks on April 30, 2021

Spring is a great time of year to clear your house of accumulated junk and make it sparkle. Why not do the same for your finances? Junk can accumulate there, too. In fact, some of your money matters may need a good wipe down this season. It is especially true this year, when many Americans are still recovering from the financial fallout of COVID-19, or maybe wondering how to use the latest round of stimulus checks. Whatever your current situation, a thorough spring-cleaning for your finances is a responsible move this time of year.

3 min read

How Much Does it Cost to Have a Dog?

By Wasatch Peaks on April 8, 2021

Q: I’d love to have a dog, but I’m not sure I can afford one. What kind of expenses am I looking at if I bring a furry canine friend home?

Topics: Budgeting
3 min read

Beware Stimulus and Tax Scams | Wasatch Peaks Credit Union

By Wasatch Peaks on April 5, 2021

It’s stimulus season and tax season at once, and scammers couldn’t be happier. They know that taxpayers are eager to get their hands on their stimulus payments and tax refunds. As consumers are working to file their taxes before the May 17 deadline, all that paperwork and payments mean people may be letting their guard down. For a scammer, nothing could be better!

Topics: Scams Security
2 min read

Discover How Unsecured Credit Cards Work

By Wasatch Peaks on March 7, 2021

Choosing a credit card can be a big financial step. This guide will help you understand how unsecured credit cards work and how they vary from a secured credit card to help you as you begin your search for a new credit card.

3 min read

Can You Pay Your Mortgage with a Credit Card?

By Wasatch Peaks on March 6, 2021

There can be a lot to consider when it comes to getting a mortgage, including how you pay your mortgage payment. One option that you might be considering is to pay your mortgage with a credit card. Here is some information to help you understand the details of paying with a credit card and whether that is the best choice for you.

3 min read

Avoid Auto Warranty Scams!

By Wasatch Peaks on March 5, 2021

Another phone call, another scam.

Topics: Scams Security
1 min read

Second Chance Checking Accounts Explained

By Wasatch Peaks on March 5, 2021

If you’ve had a negative history with checking accounts or have had your account applications denied, it may be easy to feel discouraged moving forward. Did you know there’s an opportunity for a second chance to build or rebuild that history? We’ve got the information on second chance checking accounts to help you get started.

3 min read

Trust Checking Accounts Explained

By Wasatch Peaks on March 4, 2021

Utilizing a trust can be a great way to transfer funds, property, and assets, and ensure that they are used for specific purposes. A trust checking account can be a great tool to help you manage your trust and safely hold the funds. You can use this guide to help you explore the uses and benefits of having a trust and a trust checking account.

4 min read

A Guide to SBA 504 Loans: Everything You Need to Know

By Wasatch Peaks on March 3, 2021

When it comes to SBA 504 loans, you likely have quite a few questions: What are the benefits of a 504 loan, and how can the funds be used? What is the maximum that someone can apply for, and who is eligible?

3 min read

Don't Fall Victim to These Tax Scams

By Wasatch Peaks on February 20, 2021

It’s tax season, and scammers are working overtime to get your money. Tax scams are as varied as they are common, but when you know what to look for, you can beat fraudsters at their game and keep them from getting your money and your information.

Topics: Scams Security
3 min read

Is It Bad to Close a Credit Card? There is a safe way!

By Wasatch Peaks on February 12, 2021

Have you been considering canceling a credit card? There’s a lot to consider when it comes to making that decision. You probably have questions about the process and consequences of closing a credit card and we're here to help, so let’s go over some helpful information.

2 min read

A Guide to Different Parts of a Check

By Wasatch Peaks on February 11, 2021

While it may seem that the days of writing checks has been replaced by technology, checks are still an integral part of managing finances. It’s still very important to understand the different parts of a check so you can read and write them. Here is your guide to help you learn the different parts of a check:

2 min read

What Happens When You Pay Off Your Credit Card? Find Out...

By Wasatch Peaks on February 10, 2021

You’ve paid off your credit card, now what? First, congratulations on meeting one of your financial goals! Paying off credit card debt is a huge step and can take a lot of work. You’re probably now wondering what you should do next and we’ve got some ideas and tips to help you navigate your next steps.

2 min read

Why There Is a Hold on Your Check Deposit and What to Do

By Wasatch Peaks on February 9, 2021

Have you ever tried to deposit a check, but the funds took some time before landing in your account? It may be frustrating, especially if you don’t have a clear understanding of why this is happening. We’re here to help you understand why your check may have a hold and what you can expect.

5 min read

30 Mortgage Terms to Know When Getting A Home Loan

By Wasatch Peaks on February 8, 2021

Buying a home is one of the largest purchases you’ll make. While getting a mortgage and making your home purchase, you may find there are a lot of terms and phrases that are being used. We want to help you feel confident and understand these terms as you make decisions about your home and mortgage.

3 min read

How to Celebrate Valentine's Day on a Budget

By Wasatch Peaks on February 8, 2021

Love is in the air, but it seems it may come at a steep price. According to the National Retail Federation, the average American spends $221.34 on Valentine’s Day each year. That’s a lot of money to spend on a one-day celebration!

3 min read

Avoid PPP Scams

By Wasatch Peaks on February 6, 2021

The Paycheck Protection Program (PPP) has been a welcome relief for small businesses struggling to stay afloat while also keeping their employees’ incomes flowing during the coronavirus pandemic.

3 min read

Second Wave of Stimulus Checks Brings More Scams

By Wasatch Peaks on January 21, 2021

The second wave of stimulus checks only started hitting checking accounts a few weeks ago, and the BBB and the FTC are already warning of related scams.

3 min read

Simple Steps to Start Saving

By Wasatch Peaks on January 19, 2021

Everyone knows how important it is to regularly put money into savings, but research shows that 25% of Americans have no emergency savings at all.

3 min read

How To Calculate Auto Loan Interest

By Wasatch Peaks on January 15, 2021

What is an interest rate?

Let’s start first with the basics of understanding what an interest rate is. The interest rate is the rate at which a lender will charge for you to borrow the funds from them. This rate is a percentage of the loan amount, so the amount you pay in interest will be based off the principal balance of the loan.

Topics: Credit Auto Loan
3 min read

Should I Get Another Credit Card? It Sounds Tempting…

By Wasatch Peaks on January 14, 2021

Are you considering getting another credit card? There are many reasons why this may sound like an appealing idea. Depending on your situation, it might be the perfect time or it may be better to wait a bit.

2 min read

How A Checking Account Affects Your Credit Score

By Wasatch Peaks on January 12, 2021

If you’re thinking about opening a new checking account, you might have some questions. We’re here to help you understand when and how a checking account can affect your credit score and how to make sure that impact is a positive one.

3 min read

Don't Get Caught in a Weight-Loss Scam!

By Wasatch Peaks on January 8, 2021

January is prime time to get into shape.

Topics: Scams Security
3 min read

5 Reasons We Overspend (and How to Overcome Them)

By Wasatch Peaks on January 5, 2021

We’ve all been there. Maybe it’s that I-gotta-have-it urge that overtakes us when we see a pair of designer jeans. Maybe it’s that shrug as we reach for the $6 cup of overrated coffee that says “I deserve this.” Or maybe it’s that helpless feeling as the end of the month draws near and we realize we’ve outspent our budget — again.

4 min read

[Complete Guide] on How to Get Your First Credit Card

By Wasatch Peaks on January 5, 2021

Getting a credit card can be a great way to build your credit score. However, you may also have heard stories of people ending up in credit card debt with exorbitant interest rates! This might make you nervous about embarking on the journey of signing up for a credit card.

Topics: Credit Cards
3 min read

Will I Be Getting A Second Stimulus Check?

By Wasatch Peaks on January 3, 2021

After eight months of negotiations, the Senate has finally passed a bipartisan deal on a new coronavirus stimulus plan. The $900 billion economic relief package will deliver emergency aid to a trampled economy and provide struggling Americans with desperately needed funds.

Topics: Coronavirus
3 min read

How To Get Out Of Credit Card Debt While Minimizing Stress

By Wasatch Peaks on December 29, 2020

Credit plays an essential role in how we live, work, and play in the 21st century. Few of us can buy a car or a home with cash, yet both are necessities if we want to travel to and from a job or have a warm place to de-stress at the end of the day. Credit lets us do both. And most of us need a major credit card to purchase services such as internet connection or cable TV.

3 min read

How Do I Give Myself an End-of-Year Financial Review?

By Wasatch Peaks on December 28, 2020

Q: With 2020 drawing to a close, I’d love to give myself an end-of-year financial review before it goes. Where do I begin?

Topics: Goals Budgeting
4 min read

Checking vs. Savings: The Battle Continues...or Does It?

By Wasatch Peaks on December 23, 2020

Are you trying to decide what’s better, checking vs. savings account? Ideally, you should have both. When used responsibly and customized to fit your specific needs, checking and savings complement each other. Combined, they make it much easier to manage your financial health. Here’s why.

3 min read

Five Steps to Take After a Financial Disaster

By Wasatch Peaks on December 22, 2020

As we sail into the new year, many Americans are struggling with the aftershocks of financial disaster. Whether it’s due to a layoff, a smaller workload, medical expenses or a change in family circumstances, the financial fallout of COVID-19 has been devastating for people in every sector of the economy.

Topics: Goals Budgeting
3 min read

The Benefits of Using Mobile Pay

By Wasatch Peaks on December 17, 2020

Why fumble for your wallet at checkout when you can just pay by using your phone?

3 min read

Don't Fall Prey to a Holiday Toy Scam

By Wasatch Peaks on December 16, 2020

He’s making his list and checking it twice. Unfortunately, though, the scammers making the list aren’t being so nice.

3 min read

Keeping the Cheer in the Holidays

By Wasatch Peaks on December 12, 2020

‘Tis the season to be jolly, but many of us may be feeling grinchy this year. With the pandemic still a looming threat to our health and happiness, the economy still a hot mess, and so many of our favorite seasonal activities canceled, getting into the holiday spirit can be challenging.

2 min read

Secret Sister: An Illegal Pyramid Scheme

By Wasatch Peaks on December 3, 2020

It’s baaaack! The “Secret Sister” holiday gift scam has reared its crooked head again, just in time for the holidays.

Topics: Scams Holidays
4 min read

Tracking Holiday Spending Keeps Seasonal Stress Down

By Wasatch Peaks on November 28, 2020

Nothing is more heartwarming than seeing your loved ones’ faces light up when they open that perfect gift.

2 min read

Pre-Qualified vs. Pre-Approved Credit Card Applications

By Wasatch Peaks on November 24, 2020

Have you ever received a pre-qualified credit card offer in the mail? If you’re looking for a new credit card, the offers may be helpful, otherwise they might be annoying. But do you know why you’re receiving them? We’ve got the info about why you’re receiving these offers and how to either utilize the offers or opt out of receiving them.

2 min read

HELOC vs. Mortgage

By Wasatch Peaks on November 24, 2020

Home financing can help you purchase your dream home, but did you know that you can also use home financing to free up funds? Depending on what you’re looking for, a mortgage or a home equity line of credit can be a great fit for your financial needs.

4 min read

How Do Auto Loans Work?

By Wasatch Peaks on November 24, 2020

Shopping for a new car can feel overwhelming, especially if this is your first time buying a car. You may have already spent time researching cars and know a little bit more about what you’re looking for, so it’s time to start exploring how you’ll finance your car purchase. We’re here to help you learn more about auto loans and help you through the process.

Topics: Auto Loan
2 min read

How a Joint Checking Account Works & When It Makes Sense

By Wasatch Peaks on November 24, 2020

Discussing and managing finances can be stressful in any relationship. Fortunately, there are some tools that can minimize the stress of those discussions and help each party set healthy boundaries and guidelines for money management. A joint checking account can be one of those great tools!

2 min read

Is Black Friday Still Happening in 2020?

By Wasatch Peaks on November 21, 2020

Black Friday has gotten a bad rep in recent years.

3 min read

Celebrating Thanksgiving in a Pandemic

By Wasatch Peaks on November 2, 2020

It’s turkey season! But this year, due to the COVID-19 environment we’re experiencing, the holiday festivities will look a bit different than before. With some precautionary measures and careful planning, though, you can celebrate Thanksgiving in the era of the coronavirus without compromising on your health or safety. Here’s how:

3 min read

When and Why to Utilize Business Debt

By Wasatch Peaks on October 30, 2020

Taking on debt can be an inevitable step for many businesses. A loan or a line of credit can provide a business with the cash it needs to expand or fund a new venture.

Topics: Business
3 min read

Beware of Debt-Collection Scams

By Wasatch Peaks on October 29, 2020

With the pandemic still wreaking havoc on the economy, many people are struggling to pay their monthly bills and meet their debt payments. Unfortunately, scammers are exploiting the financial downturn by tricking unsuspecting victims into paying for debts that don’t actually exist, or by using abusive tactics to collect legitimate debts.

Topics: Scams Security
3 min read

How to Refinance Your Car Loan [Guide]

By Wasatch Peaks on October 28, 2020

When to Refinance:

If you’re feeling stuck in your car loan, it could be for a variety of reasons and we're here to help! Before refinancing your car loan, it’s important to make sure that it will be beneficial for you. There are several factors that can make or break your decision, so now is the time to review and compare to see if refinancing can save you money or improve your terms. Here are some of the reasons that you may want to refinance:

Topics: Auto Loan
3 min read

Political Fundraising Scams

By Wasatch Peaks on October 17, 2020

Election fever is now at an all-time high — and so are election scams. From schemes that steal your vote to ones promising dream (albeit, bogus) vacations in exchange for participation in a poll or survey, there’s no shortage of scams centering on elections.

Topics: Scams Security
3 min read

What to Do After Being Hacked

By Wasatch Peaks on October 15, 2020

Uh oh — you’ve been hacked! Finding out someone has cracked open your accounts and helped themselves to your information can be alarming, but there are ways to mitigate the damage while jump-starting your recovery process.

Topics: Scams Security
3 min read

Beware the Pending Package Scam

By Wasatch Peaks on October 9, 2020

Everyone loves a surprise package, and scammers are taking the excitement out of that experience by using bogus packages as a cover for a nefarious scam that tricks victims into sharing their personal information — and their money.

Topics: Scams Security
3 min read

Auto Loan FAQs

By Wasatch Peaks on October 1, 2020

Application Questions

How do I apply for an auto loan?
Applying for an auto loan is easy! You can apply at your local Wasatch Peaks branch, give us a call at 801-627-8700 or even apply online by clicking here.

Topics: Auto Loan
5 min read

What is a Mortgage Loan?

By Wasatch Peaks on October 1, 2020

Has it been your dream to live in a home of your own? We’re here to walk you through the basics of a mortgage loan and to show you how to make your home dreams a reality!

3 min read

The Importance of Being Financially Fit

By Wasatch Peaks on September 30, 2020

Are you ready to stretch those financial fitness muscles? We hope so, because it’s time to get financially fit!

4 min read

Why Does My Credit Score Matter?

By Wasatch Peaks on September 23, 2020

Your credit score is made up of three numbers, serving as an indicator of your financial history, wellness and responsibility. These three little numbers can spell the difference between approval and rejection for a mortgage, a job, a rental unit and so much more.

Topics: Credit
3 min read

How to Negotiate Salary

By Wasatch Peaks on September 15, 2020

Things are falling into place, and after months of researching your options, polishing your resume and sitting through awkward interviews, you think you may have found your dream job.

Topics: Goals College
4 min read

What's a Recession?

By Wasatch Peaks on September 3, 2020

Unless you’ve been living in a bunker for the last several months, you’ve likely caught the term “recession” thrown around on the news more than once. Hearing this word being used to describe the state of the U.S. economy can trigger a range of reactions from mild anxiety to a full-blown stuffing money under the mattress panic.

Topics: Coronavirus
5 min read

IRS Dirty Dozen Tax Scams for 2020

By Wasatch Peaks on August 10, 2020

Each year, the IRS publishes the “Dirty Dozen,” a list of tax scams most prevalent during that year’s tax season. This year, with COVID-19 pushing off the federal tax deadline to July 15, the IRS held off publishing the list until early July, and of course it’s loaded with COVID-19-related scams.

4 min read

The Beginner's Guide to A W-4

By Wasatch Peaks on August 5, 2020

It’s no secret that the IRS excels at making things complicated. And when you’re busy learning the ropes of a new job, trying to fill out a 4-page W-4 form can be a huge hassle. It’s not a good idea to rush through it, though, because a small mistake now can mean withholding too much or too little of your salary for covering your taxes. There have also been several recent changes to the W-4, so you may need to make some adjustments to your current form on file.

3 min read

Beware Back-to-School Scams!

By Wasatch Peaks on August 3, 2020

Back-to-school season means a flurry of shopping — and a flurry of scams. Scammers know that students and their parents are caught up in a frenzy of preparations and errands and are, therefore, more likely to fall victim to schemes. As you get ready for school, look out for these scams targeting college students and parents of private school students that tend to peak before the start of the school year.

5 min read

A Guide to Credit Cards

By Wasatch Peaks on July 31, 2020

Q: I’d love to improve my credit score, but I can’t get ahead of my monthly payments. I also find that my spending gets out of control when I’m paying with plastic. How do I use my credit cards responsibly?

5 min read

How to Read a Paystub

By Wasatch Peaks on July 25, 2020

Q: My accountant suggests I review my paystub to see if any changes need to be made to the amounts withheld, but I’m finding that to be an impossible task. I always receive my paycheck via direct deposit and I'm not sure about the numbers or information on my paystub. Where do I begin?

4 min read

Life Lessons Learned During the COVID-19 Pandemic

By Wasatch Peaks on July 22, 2020

If someone approached us a year ago and told us that, in 2020, the country would shut down for three months; the busiest cities across the world would be empty of traffic; schools and colleges would close for an entire semester and blockbuster releases would be put on hold indefinitely, we probably would not have believed them.

Topics: Coronavirus

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