News

Critical Fraud Trends to Watch

As fraudsters develop increasingly sophisticated ways to con consumers out of their hard-earned money, we, in turn, must elevate our awareness and advance our fraud prevention tactics. At Alloya, our compliance and fraud prevention experts are continuously monitoring evolving fraud trends to keep our members informed.

Lifestyle Inflation: How to Recognize and Avoid it

Lifestyle inflation is best described as a vicious but often unrecognized cycle of financial or spending increases. When income increases (even by a small amount), spending—not saving—increases at a similar rate. Each time a promotion, raise, or job change occurs, many people fall victim to the same cycle of lifestyle inflation.

5 Biggest Mistakes You Can Make With Your Retirement Savings

If you’re starting to save for retirement, you’ve got the right idea. Millions of Americans have little or no retirement savings at all, and the simple act of working toward a nest egg can put you on the right track.

How to check medical bills for accuracy.

How often do you check your medical bills? If you're like most people, then not often. It’s common for us to assume the bill is accurate, make payment arrangements, and go on with our lives. Unfortunately, medical billing errors are common in the United States. Over time, they can cost customers thousands or even tens of thousands of dollars. The good news is that most mistakes are easy to spot by taking the time to review your bill for accuracy before paying it. So let's take a look.

Your funds are safe with HealthCare Associates Credit Union

While recent banking-related news may cause people to be concerned about the health and security of their financial institution, please rest assured that your funds at HACU are safely insured as they have been for over 40 years. Deposits are insured for at least $500,000-$250,000 through the federally insured NCUA National Credit Union Share Insurance Fund and an additional $250,000 via Excess Share Insurance. Click to see our disclosures.

6 Ways to Cope With Financial Burnout

As the Federal Reserve raises rates to combat inflation, more of us are feeling a drain on our finances. Add mounting debt, the loss of a job, or any other source of financial strain, and the stress can become downright overwhelming. Now, in addition to worrying about reaching our goals in life, we may begin to wonder if we can even meet our basic survival needs. Eventually, this worry can turn into burnout.

Watch out for these Holiday Scams

While most individuals think of the holiday season as a time to gather with loved ones and get some rest, scammers use it as another opportunity to defraud consumers. Especially as we all look to save money amidst rising costs, it is important to remain vigilant against suspicious deals and offers. ​

Back To School Scams

Helpful Tips to Protect Members

Don't let your guard down this holiday season

With the holiday season upon us, many Americans will be anxious to travel and visit loved ones, possibly for the first time since the beginning of the pandemic. Unfortunately, with scams linked to the pandemic continuing to affect millions of Americans, the holidays are no time to let your guard down. Here are scams that holiday travelers and shoppers should be on the lookout for.

Cash App scams on the rise

During the pandemic, more consumers than ever have turned to peer-to-peer payment apps to send money to friends and family, with usage expected to increase by 37 percent in 2021.

COVID-19 and Scammers

Beware of scammers trying to take advantage of consumer fears surrounding COVID-19.