Sarah Silvia, Author at Common Trust FCU

6 Summer Safety Tips for Kids

From biking to swimming to playing sports, summer is the time of year where kids can fully enjoy the outdoors. However, with so much free time during the summer, there’s also more room for kids to get injured. The following are six tips to make sure your kids have a fun and safe summer!

Pack the SPF

It takes as little as 15 minutes for the sun to burn unprotected skin, according to the National Institutes of Health. Once the skin is burnt, the damage is irreversible for life. No matter whether you are going to the pool, the beach or the park, always pack sunscreen with at least SPF 30 in it. Don’t forget to re-apply after about 2 hours in the sun or after swimming and sweating.

Stay cool

Did you know that small children are more susceptible to dehydration than adults? When kids are playing outside during the hot summer weather, make sure that they take breaks to drink fluids and cool down. For about every 20 minutes of activity in the heat, children should drink 1 cup of water in order to prevent dehydration and heat exhaustion. In addition, try to remind them to drink water continuously throughout the day instead of only when they are really thirsty.

Keep chemicals out of reach

During the summer, chemicals like gardening sprays, insect sprays, and pool chemicals are constantly in use by adults. When these chemicals are not being used, make sure that they are put away and out of reach from children. Kids that get their hands on these dangerous poisons run the risk of ingesting or spraying in their eyes, causing serious damage.

Car safety

It doesn’t have to be a 90-degree day for car temperatures to quickly become dangerously high. The temperature inside a car can rise 20 degrees in as little as just 10 minutes. Because of this, never leave a child alone in the car, even if you’re just running into the store for a few minutes. Leaving a child in a car puts them at serious risk for developing heat stroke, a potentially deadly disease that can take effect in just a few minutes. Also, make sure your car is always locked when not in use to prevent kids from playing in it and getting trapped inside.

Prevent bug bites

We all know that the summer months means the season of pesky insects like wasps, ticks, and mosquitos. These bugs not only cause painful bites but also may carry dangerous diseases. When outside, especially at night, use an insect repellent to guard against ticks and mosquitos which can carry Lyme Disease and West Nile Virus.

Many insect repellents use DEET, an effective insecticide, but a potentially toxic chemical. Choose a repellent with less than 30% DEET, and always wash the product off before bed to prevent overexposure to the chemical. To protect against tick-borne illnesses teach kids to avoid playing in fields with tall grass, and always do a tick check before bed.

Ride carefully

Kids should always wear a properly fitting helmet whenever playing on anything with wheels, whether that’s a bike, scooter or skateboard. The helmet should be secured tightly to their head so it doesn’t fall backward or forwards, and if they are riding a bike, check to make sure it fits them properly. Their knees should not be hitting the handlebars, and their legs should not be completely outstretched while pedaling.

If your child has outgrown their bike, now’s their chance to win a new one with CTFCU’s youth account promotion. Open a youth account for the chance to win a new bike or an Amazon gift card!

If you’re looking for some more summer safety tips, join Common Trust Federal Credit Union at our second annual Child Safety Day on June 1st. During the event, we will be giving away free child safety kits and will have a fire truck for kids to play on!

5 Reasons to Buy a Car this Memorial Day Weekend

Memorial Day is upon us which means it’s about to become one of the biggest weekends of the year for car sales. During Memorial Day weekend, auto manufacturers and dealerships kick off their summer selling season by showcasing their best deals and offering low prices. If your car is on its last leg or if you’re ready for an upgrade, this weekend is the perfect time to get a new ride. Keep reading for five reasons why this weekend is such a great opportunity to purchase a new car.

Dealers are clearing out inventory

Did you know that dealers start clearing out their car inventory for new models at the beginning of summer? That’s right, next year’s car models will begin to arrive at the end of the summer. This means that dealers are looking to clear out this year’s models quickly. You’ll be able to find great deals as well as have tons of inventory to choose from. Whether you want your car to have a red exterior or a tan interior, you’ll find what you’re looking for this weekend.

Great incentives

To get buyers into the store on Memorial Day, dealers provide tons of incentives. These incentives include lower-pricing, rebates, and low-cost financing. Some places even give impressive deals such as extended warranties, free oil changes, or a year’s worth of car washes. Make sure to do your research before heading into a dealership to find out what they are offering and what you can take advantage of.

End of the month deals

Every month, dealerships set goals for the target number of cars they aim to sell and offer sizable bonuses to the salespeople who can reach those objectives. When it’s the end of the month, dealers are more likely to negotiate a good price with you so they can reach their goals and receive their bonuses. Since Memorial Day falls at the end of the month, dealers are more incentivized to give you the price you want.

Upgrade your ride before summer

Summer is on the horizon, which means it’s almost the season of road trips. Memorial Day weekend makes for the perfect time to upgrade your ride so you’ll be ready for all of your summer travel plans. If your family is in need of some extra car space for your road trips, you can find a great deal on a bigger SUV this weekend. Purchasing a new car now will also give you the peace of mind that your car is safe and won’t break down in the 90-degree weather.

Buy before you need one

In general, it’s always best to be proactive and buy a new car before yours kicks the bucket. Even if you want to get every last mile out of your car, if you wait until it’s dead, you’ll be forced to get your next car quickly. When this happens, you run the risk of having to purchase a car for a much higher price. During Memorial Day weekend, you can take advantage of the low prices now instead of waiting until your car breaks down for good.
If you’re looking to take advantage of this weekend’s sales, make sure to secure your financing beforehand with an auto loan from Common Trust FCU. Our ongoing auto loan promotion is offering rates as low as 2.49% with terms at 60 months, 72 months for 2019 models or 84 months for loans of $50,000 or greater. Visit our auto loan promotion page or stop by the branch to get started.

6 Tips for Teaching Kids About Money

Teaching kids about money might seem daunting, but it’s an essential job in order to set up children for financial success. While kids probably won’t be able to understand complex topics like interest and stocks during elementary school, providing an understanding of how money works and good money habits will provide a solid foundation as they grow up. Follow these six tips to start the money conversation early with your young ones.

Encourage savings

Having a designated spot to put money is essential in order for kids to start building their savings. Instead of using a piggy bank, set up their savings in a clear jar so they can watch their funds grow. Get them excited to save by challenging them to fill the jar all the way up to the top and offer a prize for when they reach the goal. Another incentive to get them to save is to match whatever they put into the jar. Just like with a 401K matching program, this strategy incentivizes them to put more bills and coins into their jar.

Keep track of spending

Encourage your child to write down everything that they spent their money on each day, and add up the total spending at the end of the week. This exercise helps kids to understand their spending patterns and find the areas where they are spending a lot. For example, if they find out that they spent $10 a week on candy, you can explain how much of their savings that cost them.

Explain wants vs. needs

When kids are young, it’s important to emphasize the difference between wants and needs. If they are begging you to buy a new toy, it’s the perfect time to explain the difference between the items that we want to buy and purchases that we need, such as food. In addition, demonstrate how much work goes into buying something by helping them to calculate how many weeks worth of their allowance it costs to buy that toy.

Lead by example

Just like when you’re trying to enforce any lesson with kids, it’s important to lead by example. When teaching about money management, set a good example by avoiding impulse buys. While you’re out shopping, stick to your shopping to list and try not to buy anything outside of that list. Another tactic to set a good example is to have your own savings jar and save along with your child. This demonstrates how much you value saving and encourages them to keep going. You can create a healthy competition with your kids and even decide to put all of the savings towards a new pool toy or a family vacation.

Share your experiences

As your kids grow up, nothing helps them to understand proper money management more than hearing about your personal finance successes and mistakes. Share specific stories about the times that you made good or bad financial decisions and what you would have done differently. Owning up to the where you went wrong opens your children’s eyes in ways that are more authentic than a lecture.

Give them their own account

Lastly, once they are old enough, give your kids the responsibility of their own savings account. An account is a safe spot for kids and teens to put their the money away while also accruing interest on their savings. If they open an account early, by the time they are heading into college, they’ll be able to make a big contribution to their tuition.

From now until June 1st, Common Trust FCU is offering a promotion on our youth accounts. By opening up a youth account with a $25 deposit you will be entered to win a bike or an Amazon gift card. Visit our youth account promotion page to learn more or stop by the branch to get started.

SiriusXM® radio – Free 3 Month Trial

CTFCU have partnered with Sirius XM to offer a 3 month free trial to our members with used auto loans. This program is no cost to you and no obligation to continue after the trial. Your vehicle must be equipped with factory installed satellite radio and you must not have participated in a free trial within the last 12 months. That is all there is to it! Also you don’t need to be in your car to enjoy Sirius XM. Streaming online and the Sirius XM app are included. If you have any questions, please contact us or stop in our lobby. We are very excited to offer this new program!

Get 150 channels of awesome! Let’s get started!


Online Mortgage Application Now Available!

Common Trust FCU now offers MortgageClick®, our online mortgage center. MortgageClick allows credit union members to apply for a 1st mortgage and receive a loan decision, from anywhere with an internet connection 24/7. We offer exceptional personal service, fast decisions and a vast array of competitive rates and products. If you’re a first-time home buyer, or refinancing your existing mortgage, we have a loan at a great rate, right for you.

We are a full-service mortgage lender and will make the process fast, easy and convenient!

Click the button below to check out MortgageClick!


Share The Benefits

The Common Trust FCU offers free checking with no minimum balance requirement and no monthly service charges, the only time there would be a charge is if there were NSF’s or returned checks. Open a checking account today with direct deposit, you’ll be glad you did! Stop in today and let our family take care of yours.

Tired Of Paying Bills? Let Your Common Trust FCU Do It For You!

Okay, so your credit union can’t actually supply the funds to pay your bills. We can, however, eliminate the stress and time constraints associated with doing so. The service is called Electronic Bill Payment, and will be available to members who have a credit union checking account!

Electronic Bill Payment (EBP) can make it simple and convenient to pay your monthly bills. All you will have to do is verify that the amount you have been billed is correct, and then schedule the payment. We will do the rest!

You will be able to schedule recurring payments of the same amount (e.g., mortgage), and by retaining the contract information of the payee, your bill payment history will speed the process of paying billed amounts that vary from month to month (e.g., credit card).

Payments should be requested no less than five business days prior to a bill’s due date to ensure they are received on time.

Please sign up now, Bill Payment is now being offered at your credit union, stop by the credit union or give us a call at 781-933-2600. Feel free to print the form below and bring into the credit union.

eStatements are here!

Less Paper Equals More Benefits. Experience the convenience of paperless statements and protect your planet. It is fast, it is easy and it is secure.

View your statement online – anytime, anywhere. You will never miss the paper, and you will enjoy the benefits of this free service to:

Increase financial control
View your interactive online statements to find and sort transactions without searching through piles of paper statements and receive automated alerts, such as payment due notification.
Receive faster statement delivery
Electronic statements are delivered on average three to five times faster than paper statements.
Improve functionality
Online access gives you additional information to help you understand your statement and you can also easily review electronic statements from previous months.
Reduce your risk of fraud
Electronic statements provide a feeling of security about the risk of mail fraud and identity theft.

For Monthly and Quarterly Statements along with your MasterCard Bill/Statement go to Online Banking.


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