News: Financial Education

Financial Education

The Importance of an Emergency Fund

When life throws you a financial curveball, having an emergency fund can be the difference between making it through with minimal disruption or facing a financial disaster. Having money set aside for unexpected expenses is essential, and Texas Bay Credit Union is here to help.


From Renting to Owning: How Mortgages are Changing the Landscape of Low-Income Housing

Imagine achieving the dream of owning a home despite facing challenges as a low-income individual. It may seem daunting, but with the right guidance, it's entirely possible. Challenges faced by low-income individuals in obtaining a mortgage can include strict credit score requirements, limited down payment options, and income limitations. Despite these challenges, there are steps low-income individuals can take to make home ownership a reality.

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Strategies to Slash Debt, Boost Your Credit Score, and Stay on the Path to Success

In challenging economic times, many people find themselves burdened with debt and face difficulties in managing their finances effectively. Whether the problem is credit card debt or other piled-high balances that seem hopeless, finding strategies to consolidate debt and improve your credit score is crucial to achieving long-term financial stability.

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Here's Why More People are Choosing Credit Unions Over Banks

Choosing who to trust with your hard-earned money is an important decision. While there are many financial institutions to choose from, one of the first decisions to make is whether to choose a bank or a credit union. Our VP of Branches, Brandy Guzman partnered with the Houston Chronicle to explain the differences between a credit union and a bank and what you should keep in mind when deciding who to trust with your financial journey.

CDs in Texas

As a Texas resident, you have several options when it comes to investing your money. One of the most popular is investing in CDs. There are numerous misconceptions about Certificate of Deposits (CD), and here at Texas Bay, we want to help you understand them better.

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Reasons to Consider Refinancing Your Mortgage 
For many homeowners in Houston, refinancing their homes can be a smart financial move. With the current low-interest rates and rising home values, refinancing can save homeowners thousands of dollars in interest over the life of their mortgage.


Credit Union vs. Bank - Which One is Right for You?

October 19, 2023 is International Credit Union Day. Each year, we celebrate the honor of serving member through this awesome cooperative! This year, we addressed choosing between a bank and a credit union. There are some fundamental differences. Broken down - we offer many of the same products, services, and technology as banks, but we're not-for-profit. This means the profits we do make go back to our membership through lower interest rates on loans, higher dividend rates on deposits, and improving technology and services for members.