Woburn-MFCU, Author at Common Trust FCU

Investing In History: Woburn’s Inventive Past

At Common Trust Federal Credit Union, we believe honoring our communities’ past and present is critical for building and supporting our members’ future success. Our new series “Investing in History” focuses on better understanding the foundations of our beloved communities. Next up is Woburn! 

In the Name of Expansion

In 1629, the Charlestown settlement was looking to grow its borders and petitioned Massachusetts Bay Colony representatives for access to the land north of Boston. This land was settled in 1640 and incorporated as Woburn in 1642, taking its name from a small village in Bedfordshire, England. Co-founder Edward Johnson served as the first town clerk and is often called the “Father of Woburn”; Deacon Edward Convers, another co-founder, was one of its first selectmen and built the first house and first mill in Woburn. 

Shoe Leather and Tanning

Until 1803, Woburn remained a primarily agricultural center for the region. When the Middlesex Canal opened, this gave local tanners and leather manufacturers better access to materials, and the leather industry boomed. This led to expansions in both the shoe-making and tanning industries, leading to the establishment of the rubber industry in East Woburn in 1836. By 1885, Woburn was the leading producer of leather in the area; none of these manufacturers are around today because of the Great Depression and other market changes affecting the demand for tanning.

Great Inventors

Benjamin Thompson, also known as Count Rumsford, was one of Woburn’s more notable citizens. Born in 1793, he is credited with the inventions of the drip coffee pot and the kitchen stove. In fact, President Franklin D. Roosevelt once said that the brightest minds America ever produced were Thomas Jefferson, Benjamin Franklin, and Benjamin Thompson. Another bright idea to come from Woburn: Charles Goodyear discovered the process of rubber vulcanization in 1839, just in time to revolutionize the world forever.

‘A Civil Action’

An environmental trial cast both a shadow and spotlight over the town when, in May 1982, citizens filed a lawsuit against W.R. Grace and Company and Beatrice Foods, accusing them of contaminating local water sources with chemicals linked to cancer. At the time, Beatrice Foods was acquitted and Grace was fined only $8 million; later, the EPA found that both companies were responsible for the contamination. The case garnered Hollywood attention, leading to a book and adapted movie starring John Travolta and Robert Duvall.  

Today and Into the Future

Woburn today is a mix of quiet neighborhoods located about 9 miles from downtown Boston. It is still an industrial center and home to vibrant industrial parks and medical facilities. The Woburn Public Library was designated a National historic landmark in 1987, and the new police station opened in 1990. Two silly laws still on the books: 

  • Don’t try to use Silly String within town borders — the stuff was outlawed in 1991. 
  • In bars, it’s illegal to stand up and/or walk around with a drink in your hand.

At Common Trust Credit Union, we are proud to support Woburn’s residents and businesses as part of our community of financial leadership. If you would like more information on how to become a member of CTFCU, contact our local branch today to get started! 

5 Tips to Get Your Student Financially Smart for College and Beyond

College is a profound experience for students, one that teaches them more than just Bio 101 and English Lit. The lessons on independence, both socially and financially, will carry with them throughout their tenure and beyond. Is your student ready to tackle the challenges of making their own money, creating their own budget, and staying fiscally responsible? 

As your student ages toward this big milestone, it’s critical that you prepare them with a solid foundational knowledge of how money works and why it’s important to be smart with their money. Here are 5 lessons to instill on them to get them excited and invested in their financial future:

1. Make a Cost List

Sit down with your child and help them create a list of how much everything they use costs. Food, clothing, electricity, cell phones — itemize these consumables over the course of a month to give them a true idea of how much it costs to be financially independent. 

2. Create a Budget

Incoming money from paychecks and outgoing money to bills — this is the heartbeat of adulthood. Teach your student how to best manage this equation to understand how much they need to make, how much they can afford to spend, and how much they should save. 

3. Emphasize Savings

When teens get their first job, this sudden influx of cash is the time to institute a plan that will help them learn the importance of savings. Most experts recommend 30% be put into savings, but more can’t hurt, especially with the looming costs of books and supplies for college.

4. Keep Yourself Responsible

Ever had your toddler repeat a curse word that accidentally slipped out? Use this “Do as I do” mentality to show your child how important it is to be responsible. Get them involved in saving for a vacation, or have them sit with you while you pay bills. Be their financial role model.

5. Consider a Digital Aid

In this digital era, there are countless tools available to help parents and kids create budgets, track spending on late-night food runs to fuel study sessions, and stay on top of the student loan repayment schedule. 

A good step toward financial independence is understanding how savings and loan programs work. At Common Trust Federal Credit Union, our Financial Education Center offers tools and lessons on common banking needs. Also, our Back to School Loan promotion offers students a way to offset the costs associated with going to college with a low interest rate and 12-month payback period. Learn more today!

Dorm Room Comfort: 9 Overlooked Essentials You’ll Want This Fall

Moving out on your own is a huge step, one full of equal parts excitement and nervousness. Without the comforts of home, you can feel unanchored in the new space while adjusting to the sheer freedom of being a college student. It doesn’t have to be this way, though! 

Other dorm room lists have the basics covered — sheets, comforter, towels, shower shoes, etc. — let’s take a deeper look at those essential extras that will make your shared space feel like a home and provide you with the support you need to make your college experience successful! 

1. Area rug — Getting up for that 8 a.m. lab might be easier if your feet hit a plush carpet rather than a cold floor. Measure the space to get the right size, and pack a small vacuum and fabric spray to keep it clean and fresh. 

2. Dish and silverware set — A small set that includes a few plates, a bowl, a mug, and some silverware will go a long way toward making late-night ramen or local take-out feel like a home cooked meal.

3. Powerstrips — There are never enough outlets, especially when you have to share them. Look for a model that has a long extension cord, plenty of plug space and USB ports for easy charging.

4. Cozy blanket — You have a nice comforter set, but a soft throw blanket gives you options when you don’t necessarily want to get into bed. Use it to wrap up during cold study sessions or when taking a much-needed video game break.

5. Trash can — You forget that you need one until you actually need it. Get a slim model and use those delivery bags to line it for easy disposal on your way to class. 

6. Alarm clock — Yeah, we know: Your phone alarm works great … until it doesn’t. Spend the dough to get a real alarm clock. Some models even offer special features, like a bed shaker or puzzle, that’ll make sure you don’t miss class.

7. Sound-proof headphones — Dorms are, by nature, communal spaces. There will be times when you want to crank your music loud — and conversely times when the party down the hall is disrupting your study time. Best be prepared.

8. Laundry basket — Opt for a sturdy, collapsible model with handles that can fit in your closet and hold all the supplies you need, like soap and dryer sheets. 

9. Curtains — Aside from adding privacy in a fairly non-private space, they can also function as decor on bare concrete walls. Sheer to light-blocking varieties are available — and in a pinch, a shower curtain will do.

One thing all students will need in their dorm rooms is a new computer — and with the Common Trust Federal Credit Union computer loan promotion, you can borrow up to $3,000 for computer-related purchases at a low rate to ensure you’re set up with all the latest tech you’ll need. Head to the branch today or apply online to get started!

Digital Vs. Paper: Understanding Online Payment Services

Ever get stuck behind a customer paying by check at the grocery store? Or get forced to make change when someone owes you their half of the dinner bill? It’s getting less frequent by the day as the digital age expands and money becomes more about 1s and 0s than paper currency. 

As these online methods of payment spring up and gain popularity among the tech-savvy younger generations, older generations are increasingly wary of their reliability, deciding instead to cling to more traditional payment methods. It’s time to debunk the myths of online payments. The reality is that, since their induction into our lexicon in the late 2000s with e-tail and mobile banking, online transactions can be safer, more reliable, and less of a hassle than whipping out a wallet full of cash. 

Let’s take a look at the most popular online payment services:

  • PayPal — Since its 2002 IPO, PayPal has stood strong as the de facto method of online payment. It’s linked directly to your debit card or bank account, is as simple as a normal banking transfer, uses email addresses for payments, and is free for personal use.
  • Venmo — When you have to make a personal transaction — pay back a friend or send money to one of your kids — this free service is simple to use. There is a 3% fee if you use a credit card, so avoid that, if possible.
  • Payza — Link your credit card and bank accounts easily to securely transfer and receive money from personal acquaintances. You can even exchange currencies within the app for a fee. 
  • Dwolla — This app has stringent account verification practices that could include photo IDs — which might make you feel a bit safer. It’s free for transactions under $10 and only $0.25 for anything above that. 

With each option, your bank, debit, and (in some cases) credit cards are linked to your account, which is typically an email address. Sending and receiving money is as simple as accessing the app, typing in an email address and amount, and hitting send. Aside from the occasional fee, depending on the service and transfer amount, the only catch is that the person you’re sending money to or receiving money from has to have their account on the same service. Meaning, you can’t send someone money on Vemno using a PayPal account. 

Okay, But Are They Safe? 

The simple answer is YES, they are safe to use — the more complicated answer is that, with all methods of payment, there are risks. You could always drop your wallet full of cash. Someone could steal your purse with all your credit cards in it. You could misplace your checkbook, giving any signature forger open account access.

However, there are digital methods in place for each of the above sites to help protect your identity. Most sites/apps use two-factor authentication — which means you have to provide a password and a one-time code sent to your phone or email — or fingerprint scans to ensure you have full access to your account. 

In some cases, online transactions are even more secure than physical ones based on the digital trail you’re leaving as evidence that you paid or were paid. This gives you peace of mind, which is what we are all really looking for with any type of transaction. 

If you are still uneasy with the idea of online banking, it’s simple to allay your fears with online account tools offered at Common Trust Federal Credit Union. We offer mobile and online banking, remote check deposits, even online security best practices to keep your accounts secure. Questions? Contact us today! 

Common Trust Federal Credit Union Supporting Local Health Care as Platinum Sponsor of Step out for Hospice

Photo caption: Members of the Woburn Friends of VNA Hospice & Palliative Care recently
thanked Common Trust Federal Credit Union for their support as Platinum Sponsor of the
22 nd annual Step Out for Hospice. Back row, from left: Robert Brown, Treasurer of the
Woburn Friends; Joseph McDonough, Jr., Co-Chair of the Woburn Friends; James M.
McCorkle, President & CEO of Common Trust Federal Credit Union; Brian Kelley, Co-Chair
of the Woburn Friends; Jamie Kelley, Co-Chair of the Woburn Friends; and Laura Wise,
Manager of Fund Development for VNA Hospice & Palliative Care.

Common Trust Federal Credit Union has signed on as a Platinum Sponsor of the 22nd annual Step Out for Hospice, a benefit for VNA Hospice & Palliative Care on Sunday, Oct. 6, in Woburn.

“We are grateful for Common Trust’s ongoing generosity as a key sponsor of our annual Walk Run benefit. All the money raised though Step Out for Hospice will help us to provide care, support and comfort to people of all ages with a life limiting illness,” said Laura Wise, Manager of Fund Development.

Common Trust Federal Credit Union is a member-owned financial institution that provides personal banking services. Located at 8 Cedar St., Woburn, Common Trust’s mission is to be the familiar face that guides their membership to financial stability by building lifelong relationships with each individual and providing them with the solutions needed to meet their unique goals.

“Common Trust is pleased and honored to support this fun, family-oriented event,” said Jim McCorkle, President and Chief Executive Officer of Common Trust Federal Credit Union. “We are deeply involved in our community, and we see this as an opportunity to give back to the community and to support an important local organization. We hope to see everyone there enjoying Step Out for Hospice!”

Step Out for Hospice begins at the Irish American Club of Woburn, 147 Main St. The free, 1-Mile Fun Run for children ages 13 and under starts at 11:30 a.m. Prizes and a limited number of T-shirts will be available for Fun Run participants. The 3-Mile Walk starts at noon, and 5-mile Road Race at 12:30 pm. Participants are invited to enjoy the post-walk/run festivities, including live music and dancing, chowder, hot dogs, popcorn, raffle, and silent auction.

Preregister now for the Walk or Road Race for a discounted fee of $30 (includes sweatshirt). Students may register for the Walk or Road Race for $15. The Fun Run is free; preregistration is appreciated. To register, visit www.vnacare.org/stepout or call Deborah Corkum of VNA Hospice & Palliative Care at 888-663-3688, ext. 1362. Step Out for Hospice is presented by the Woburn Friends of VNA Hospice & Palliative Care, Irish American Club of Woburn, and Shamrock Running Club. For more information about Common Trust Federal Credit Union, please visit www.commontrustfcu.org.

Investing In History: Winchester’s Rich Industrial Past

At Common Trust Federal Credit Union, we believe honoring our communities’ past and present is critical for building and supporting our members’ future success. Our new series “Investing in History” focuses on better understanding the foundations of our beloved communities. First up is Winchester! 

Humble Beginnings

Prior to European settlement, the bulk of northern Massachusetts was settled by the Massachuset tribe of Native Americans. In 1633, an area of land known as Wildwood (later Waterfield) was given to the town of Charlestown; it is on this land that Winchester was incorporated in 1850. In the 200+ years between these two dates, the land was shifted between Charlestown and Woburn and eventually incorporated sections of what was then Arlington and Medford. 

Industrial Boom

In the 1800s along the Middlesex Canal, mills began popping up, changing the character of the small village. These mills became factories, and the introduction of the railroad in 1835 helped build business and trade. Blacksmiths, iron shops, and various manufacturers moved in to profit from this transportation access, boosting the town’s cache among local communities. During the Revolutionary War, the town’s Black Horse Tavern served as an important meeting place for soldiers and citizens to discuss and trade news.

Official Incorporation

The town of Winchester broke away from Woburn and was incorporated in 1850. According to historical record, it was almost named Columbus, but leaders instead chose to name it after Colonel William P. Winchester — a wealthy businessman who donated $3,000 to the incorporation efforts. He died shortly thereafter, having never visited the town bearing his name. 

Residential Growth

During the late 1800s, two social groups dominated Winchester’s population: the industrial workers and the wealthy elite who worked in Boston and either commuted home to Winchester or owned summer property. This led to intense conflict in town meetings and the eventual transition of the town from an industrial center to a suburban hub. The tanneries in the town center were turned into parks, and new residents quickly moved in. By 1900, the town was no longer a hub of industrial work but rather a thriving residential community.

Medical Support

With this influx, public and medical resources were needed to support the population. In 1917, Winchester Hospital admitted its first patient into what began as a 44-bed facility. This local hospital now features state-of-the-art technology including a leading cancer center, sleep disorder center, and robotic surgery capabilities. It’s the only hospital in Massachusetts to have been thrice designated a Magnet hospital, which is the highest level of recognition possible for excellence in nursing. More than 2,000 babies are born here every year.

Modern Community

Winchester today is a bustling suburb of well-maintained parks, clean waterways, and a culture that highlights the importance of supporting local businesses. From coffee shops to bookstores, volunteer groups to professional businesses, the bright town center is a welcoming space for young adults and families to settle and grow. Known now as a “bedroom” town, Winchester is still a prime commuting location for Boston professionals, earning it recognition as one of the best places to live in Massachusetts.

At Common Trust Credit Union, we are proud to support Winchester’s residents and businesses as part of our community of financial leadership. If you would like more information on how to become a member of CTFCU, contact our local branch today to get started!

Retirement for Beginners: 5 FAQs about the 401(k)

Getting your first job can be both exciting and scary, especially when dealing with the onboarding paperwork associated with those big financial decisions. This is a watershed moment that most young workers will recognize: According a survey from Fisher Investments, 80% of millennials want to work for companies that offers a 401(k) — yet, only 25% of those working at companies with >200 employees actually enroll in their retirement savings program. 

Why? Though the process seems fairly straightforward, it can get complicated quickly if you don’t understand how the various contributions, penalties, and investments fit together. Let’s take a deeper dive into the 5 most frequently asked questions when faced with your first 401(k) plan and give you the answers you need to start planning for your future today.

1. What is a 401(k)?

In its most basic definition, a 401(k) is a type of Individual retirement account (IRA) into which you contribute money each month. This money can be invested on your behalf into various funds (more on that later) and is left to accrue tax-free until you retire — at which point you will hopefully have a nice nest egg ready to fund the rest of your life. 

2. What is my company’s match?

When you’re choosing the amount you want to contribute to your retirement account, it’s critical to know if your company offers a match. Let’s say you make $50,000 per year. If your company offers a match of 5%, they’re willing to contribute up to $2,500 per year into your 401(k) — but only if you contribute that much, too. If you choose to only contribute 2.5% (or $1,250), you’re giving up an extra $1,250 your company was willing to give you for free. 

3. What is vesting? 

Some companies offer generous matches that are saddled with “vesting” timelines. This means that they could offer a 10% match, but in graded increments based on how long you’ve been with the company. This can affect the amount shown in your 401(k) balance statement; if you’re not fully vested (meaning, if you haven’t been at the company long enough to earn the full amount of their contribution), your account may show more than you actually have.

4. Can the account be moved?

Yes — and this is a critical step in changing jobs. When you end your employment with Company A, you need to take the money from your 401(k) account with them and either move it over to your next employer’s 401(k) account or cash it out with tax penalties. You can also set up a personal IRA (like with Common Trust Federal Credit Union) to house your retirement funds so you don’t have to move them after every job.

5. How should I invest my funds?

A large — and risky — part of the 401(k) account is choosing to invest your saved retirement money. Here are the most common options:

  • Stock funds: Choose the stocks in which you can invest a percentage of your 401(k).
  • Target-date funds: Simply pick your target date for retirement, then pick the matching fund. There’s little maintenance, as the fund adjusts your asset allocation over time.
  • Blended-fund investments: Choose a set ratio of stocks and bonds appropriate for your situation and risk assessment.
  • Bonds/managed income: These can safeguard your money, but it won’t grow much.
  • Money market funds: There’s zero growth, as these funds barely keep up with inflation. 

The choice is yours and can be adjusted over the life of your retirement account, based on your situation.

When you transition from one life stage to another — be it graduation or retirement — it’s a scary move no matter your age. You face new financial decisions, but you just aren’t sure how to make the right choices for your future now that you’re the one in charge of it. What you need is a crash course in financial education designed to help you choose the path using sound information and advice. 

Common Trust Federal Credit Union understands your concerns and offers our Financial Education Center to help you best understand and prepare for new life milestones. Get started today!

9 Most Common Savings Accounts — Which Is Right for You?

The nostalgic clink of a full piggy bank has evolved for the digital age — and it’s time to take advantage of the various savings accounts available to modern workers and savers looking to make the most out of their hard-earned savings. But with the variety of savings accounts to choose from, it can be difficult to make a confident choice. 

What type do you need? Which is the safest? Which gives you the most access to funds? Which will pay the most in interest? These are all valid questions, especially when you’re looking to open an account today to reap the most in future savings. Let’s take a look at the 9 most common savings accounts and what they can do for your money. 

1. Savings deposit accounts are interest-bearing that allow you to withdraw money anytime for up to 6 transfers per month. This is what is considered to be a “normal” savings account.

This might be for you if: You want the simplest solution to storing money and earn interest.

2. Money Market Accounts (MMAs) are similar to normal savings accounts but allow you to withdraw money using checks and sometimes even debit cards. The deposit and balance requirements are higher than normal savings, as is the interest. 

This might be for you if: You want to save a lot of money but want access to it all.

3. High-interest savings accounts pay higher-than-average interest, or “yield” — but a high minimum balance, among other things, is required to earn that interest. 

This might be for you if: You want to save a lot of money but only need access to some of it.

4. Club savings accounts offer incentives for things like maintaining a minimum balance or reaching certain savings levels geared toward your goals.

This might be for you if: You like having a savings goal and don’t mind a slightly lower interest rate.

6. Student savings accounts are made for high school and college students and can feature lower minimum balances and more flexible terms. 

This might be for you if: You are a student who wants to save money.

7. Certificates of deposit (CDs) pay more interest than an average account but do not allow you to withdraw funds for a specified amount of time (anywhere from a month to 5 years) without penalties. 

This might be for you if: You want to put a specific amount of money aside to grow and do not need access to it.

8. College savings accounts (529 plans) are accounts used to save money for a child’s higher-education expenses. They aren’t tax deductible but won’t be taxed upon withdrawal as long as the money goes toward higher-education expenses.

This might be for you if: You want to start a savings plan for your child and don’t plan to do anything with the money other than pay for college. 

9. Individual Retirement Accounts (IRAs) are government-sponsored, tax-deferred accounts into which you can make deposits and manage investments to best grow your money between now and retirement.

This might be for you if: You want to plan for retirement by putting money aside now and allowing it to grow untouched until you reach the retirement age. 

Whether you have questions about an upcoming financial decision or just want to be more educated on the path of your money within the banking system, you need a crash course in financial education using sound information and advice. Common Trust Federal Credit Union understands your concerns and offers our Financial Education Center to help you best understand and prepare for new life milestones. Get started today!

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Dealership Don’ts: 5 Tactics to Get the Best Deal on Your New Vehicle

Car dealerships, like all businesses, are out to make as much money as possible — and as soon as you enter the showroom, their target is on you. There’s a reason in-person vehicle negotiations average about 3 hours: The dealership assumes that once you’re captive, you’re there until they make a deal. But don’t let this process force your hand. Strategize up front with these 5 “Dealership Don’ts” to ensure you have the right defense and tactics to successfully negotiate the right car for you at the right price for your budget.

Don’t Talk Too Much

Dealerships know how to make you more comfortable — friendly smiles, soft chairs, weekend tryouts, even free popcorn for the kids. But take care not to let your guard down: Every bit of small talk offers a salesperson more insight into how much they can manipulate a vehicle’s price. Just changed jobs? Trade-in not in great shape? Kid going to college? Absolutely in love with the test drive? Not great at math? Really, don’t mention it.

Don’t Agree to an Up-Front Credit Check

Six out of 10 shoppers are undecided when they walk into the dealership. Don’t agree to a credit check until you are sure that you’ve found the vehicle you want because every “hard pull” lowers your overall score by a few points. It’s also important that you know your credit score before negotiations begin — shady dealerships can sometimes manipulate that number to increase your payments and their profit.

Don’t Be Oversold

You walked into the dealership looking for mid-sized hatchback; don’t leave in an overpriced SUV. The salesperson’s job is to upsell you with fancy features, fully loaded extras, and “exclusive” deals, but don’t buy into it. Studies show 59% of car buyers research their purchase online before walking into the showroom; staying confident in your purchase decision will make you less susceptible to suggestion.

Don’t Discuss Payment Options Too Soon

Dealerships make a lot of money on financing deals. If you’re not using their financing, they will try to compensate by raising the price, lowering your trade-in, or bundling add-ons (keyless entry, free oil changes, etc.) that you didn’t ask for. If you are planning on paying cash or have come to the table with your own pre-approved financing deal (we offer those at CTFCU!), it’s in your best interest to keep that to yourself until you’ve locked down a price.  

Don’t Be Afraid to Walk Away

There’s a lot of power in being able to walk away from a deal that won’t suit your needs — even if you’re still tempted to sign off. Your trade-in value is low-balled, the monthly price is higher than you’d like, the color isn’t for you — whatever your reason, know that you can at any stage leave when you’re not 100% happy with a proposed deal. The dealership might be upset, but knowing they are losing business could entice them to lower your costs or add free incentives.

The best tool to take with you while vehicle shopping is pre-approved financing from Common Trust Federal Credit Union. Our ongoing auto loan promotion offers you 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 today to get started!

Start Your Engines: 5 Great Sites for Finding Your Perfect Car

Searching for a new or new-to-you vehicle can be daunting: Intimidating salesmen, pressure-filled decisions, and countless sunny hours wasted in the artificial AC of dealership waiting rooms are enough to put anyone off the process. And all those makes, models, reviews, and negotiations? Forget about it.

Thankfully, online resources are available to help you find the vehicle that best fits your lifestyle and budget before leaving the house — or even your comfy chair. In fact, Google estimates that nearly 50% of car buyers start to research their potential vehicle purchase online before heading into the dealership! Here is a list of 5 great sites to help get you started.

1. MyProductAdvisor.com

Looking to fast-lane your potential choices? This simple, effective quiz guides you to your best car match down to the make and model with targeted questions aimed at your needs. And, it offers instant customization with priority slide bars to help you weigh your answers based on what matters most to you.

2. CarMax.com

This all-in-one online auto dealer lets you digitally buy, sell, or trade in your car, but it also offers an extensive library of educational articles that can act as your own personal car-buying GPS, leading you in the right direction. It’s the perfect pit stop to get your car-search engine in top shape.

3. AutoList.com

Looking for your new ride while on the move? This mobile-friendly website and accompanying app give you on-the-go access to the databases of other car shopping sites and even local dealerships within a single user-friendly interface. You also get intel on price fluctuations, potential accident reports, and how long particular vehicles have been on the market.

4. Autotrader.com

Once you have a general direction of where you want to go next in your car search, this site can help you solidify your vehicle choices with advanced search functionality beyond just the make, model, and price. Parse results for fuel economy, navigation systems, keyless entry, etc.

5. KBB.com

Kelley Blue Book is a household name — and for good reason. This highly respected site offers the most accurate trade-in and purchase values for vehicles, giving you a solid idea of how much you should be spending on that new SUV before you start negotiations. You can also browse their extensive review section and even check your credit score.

When you’re ready to close the deal on your new car, Common Trust Federal Credit Union is here to help with our ongoing auto loan promotion! Get 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.

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