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Your Complete Guide to a Spend-Free Summer Weekend

Between flip-flops and baseball, beach days and the Fourth of July, there’s much to love about summer! Unfortunately, the warmest season can be expensive. A great way to combat a swollen summer budget is to take a financial fast on a summer weekend—or several of them. Here’s how.  Plan ahead. Your spend-free weekend won’t happen

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Not So Great Popular Money Tips

Money tips can be helpful, but it’s important to remember that not all advice is created equal. Let’s look at three common money tips that aren’t as great as their claim. 1: The latte factor. The claim: Cutting out your daily latte will solve all your money problems. The truth: Trimming discretionary expenses will only

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Money and Mental Health

For many, mentioning the word “money” sparks stress and anxiety. At the same time, living a financially responsible life can help one maintain optimal mental health. With May being Mental Health Awareness Month, this is the perfect time to examine the connection between money and mental health. HOW DO FINANCIAL STRUGGLES IMPACT MENTAL HEALTH? There

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Does Good Debt Exist?

Despite its bad rap, not all debt is bad debt. Some are actually beneficial for the debtor and considered “good debt.” Here’s a look at the factors defining good debt, the various types of good debt, and how to keep debt from going bad. WHAT IS GOOD DEBT? Good debt helps you build wealth or

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DoverPhila Marks 27th Year of Giving Back to Its Members

2021 was another significant year for DoverPhila Federal Credit Union, and because of great financial results, the credit union could give back $1.5 million to its members through a year-end bonus-dividend, low-cost auto loans, certificates of deposits (CDs) with higher interest rates, and a vast array of other financial products and services. This marks the

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DoverPhila Prioritizes Members & Invests in Community

While 2020 was challenging in so many ways, it marked considerable community investment and product enhancement for DoverPhila Federal Credit Union as it continued to be a financial leader in Tuscarawas County while giving back to its members. Because of great financial results in 2020, the credit union gave back $1.65 million to its members

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The Beginner’s Guide to Filling Out a W-4

It’s no secret that the IRS excels at making things complicated. And when you’re busy learning the ropes of a new job, trying to fill out a 4-page W-4 form can be a huge hassle. It’s not a good idea to rush through it, though, because a small mistake now can mean withholding too much

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Understanding the Mortgage Process

Most would agree – home ownership is part of the American Dream. According to Bankrate, a recent “Consumer Mortgage Understanding Study” conducted by Fannie Mae showed that  91% of more than 3,600 respondents prefer owning a home to renting, but are still largely unaware when it comes to home-buying basics. Securing a mortgage is often

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Why Does Credit Score Matter?

Your credit score is an indicator of your financial wellness and responsibility. We have outlined how credit scores are calculated, why it matters, and steps to take to improve your score. How is my credit score calculated?The three major credit bureaus in the U.S. collect and share information on a person’s credit usage with potential

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Is It a Good Idea to Open a HELOC Now?

If you’re looking to fund a home improvement project, or the economic devastation of COVID-19 has left you in need of cash, consider tapping into your home’s equity with a home equity line of credit, or a HELOC. WHAT IS A HELOC?A HELOC is a revolving credit line allowing homeowners to borrow money against the

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How to Dispute and Pay for Large Medical Bills

Astronomical medical bills can be devastating to any budget. Here’s how to dispute and pay for large medical bills in five easy steps. Step 1: Review your bills.Typically, you’ll receive an Explanation of Benefits (EOB) from your insurance company in addition to the actual bill telling you how much you’re responsible for paying. It’s important

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Financing a Home Renovation with a Home Equity Loan

As a member of DoverPhila Federal Credit Union, you have several options for funding a home renovation. You can open a HELOC, or a Home Equity Line of Credit, which is an open credit line that’s secured by your home’s value for up to 10 years. You can also fund your renovations with an unsecured

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Help! I Overspent on Christmas!

It’s easy to go overboard for Christmas. Giving extravagant gifts to your family members seems like a great idea … until you’re facing a huge credit card bill in January. However, it happened, approach this problem rationally. Blaming yourself is pointless; the important thing now is to right yourself financially. Fortunately, you’re not facing this

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DoverPhila Federal Credit Union Continues to Give Back

Following another very successful year at DoverPhila Federal Credit Union, the credit union was able to give back a $1.5 million year-end bonus dividend to its members. This marks the 25th consecutive year that DoverPhila returns earnings back to its members.  The credit union is a community-focused, financial cooperative controlled by its members making it

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DoverPhila Offers Holiday Skip-A-Pay to Qualified Members

DoverPhila Federal Credit Union’s Holiday Skip-A-Pay has started and runs until the end of January 2020. You might qualify for this opportunity if you have made at least twelve full monthly payments on your loan, you have not exceeded the maximum skips allowed, and your account is in good standing. Holiday Sip-A-Pay allowance is determined

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Couples and Money: Truth or Friction?

Money is one of the most sensitive topics couples face. Disagreement over spending and saving habits is one of the most frequent causes of friction in a relationship. Truthful, frank discussion and mutual financial planning can go a long way to resolve the tension. BUDGET: A DIRTY WORD?Does the mere mention of a budget start

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Seven Steps to a Mid-Year Financial Check-Up

It feels like you just packed away the holiday decorations yesterday, but believe it or not, 2019 is already half over. As we sail into the season of barbecues and beaches, take a few minutes to give yourself a mid-year financial checkup. A small investment of time can spur important changes that can affect your

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The Credit Union Difference Part 2: What’s in a Membership?

As a member of DoverPhila Federal Credit Union, you are uniquely positioned to manage your finances and watch your money grow on the best possible terms. Like the member of an elite club, you are entitled to exclusive privileges and individualized service, courtesy of your credit union. Let’s take a quick look at some of

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The Credit Union Difference Part 1: The History of Credit Unions

As a member of DoverPhila Federal Credit Union, you know credit unions are always striving to serve their members and community in much as possible. We value each member’s input as an equal owner in the credit union, and we offer flexible loan terms, low-cost accounts, and higher dividends to help members achieve and maintain financial

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Scams are on the rise and take many forms. DoverPhila would never call or text to ask for your account and debit card information. If you receive an unexpected call or a text from someone claiming to be from DoverPhila, please ask questions to verify that it is a representative. If you are unsure, call us at 330-364-8874 to confirm. Learn more at our Fraud Resource page. Learn more>>

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