Navigating the Holidays with Financial Wisdom: Insights from KC Unidos Director of Lending, Ismael Gallegos
The holiday season often brings joy and warmth, but it can also come with financial stress for many. In a recent conversation with Ismael Gallegos, the Director of Lending at KC Unidos Federal Credit Union, we explored holiday promotions and financial tips designed to ease the burden on our community members. Let's delve into the highlights of our discussion.
Reduced Holiday Loan Rate
This holiday season, we’re excited to offer a Holiday Loan designed to help members with holiday expenses. With a lower interest rate and a short repayment term of just 18 months, this loan provides an affordable way to manage holiday costs.
Skip a Pay Program for December and January
The Skip a Pay program emerged as a beacon of relief for members facing financial strain during the holidays. Eligible members with a clean payment history can opt for this program. Ismael clarified that each member can utilize Skip a Pay for December and January, applying it to every loan they have. At a cost of $35 per loan per month, this program doesn't impact credit scores and simply extends the loan term.
Members who’ve used Skip a Pay before have shared great feedback, showing just how helpful it really is. Ismael emphasized the importance of initiating the process before the payment is due and reassured that the skipped payments get added to the end of the loan term.
Holiday Budgeting Tips
Recognizing the significance of budgeting during the holidays, Ismael shared invaluable tips for managing expenses. His advice included not spending beyond one's means, exploring alternative gift-giving solutions, and taking advantage of promotions offered by the credit union. Ismael emphasized the importance of year-round planning and savvy shopping to maximize savings.
Ismael stressed that budgeting is not only about limiting expenses but also about making informed choices. He urged members to consider alternative gift-giving solutions, such as homemade gifts or experiences that create lasting memories without breaking the bank.
Talking with Ismael Gallegos gave us a clear picture of how KC Unidos Credit Union is here to support its members during the holidays. With programs like Skip a Pay and thoughtful promotions, the credit union is all about helping the community celebrate while staying smart with their finances. As the holidays get closer, let’s take a page from their book and make choices that bring joy and keep us on track financially!
