Peak Advisers LLC’s Post

The CFPB has ordered Navy Federal Credit Union to pay over $95 million for charging surprise overdraft fees. A major step in holding financial institutions accountable. #QuickBooksSolutionProvider https://oal.lu/MCIhB

🚨 Attention Navy Federal Credit Card Holders! 🚨 Starting October 1, 2024, Navy Federal Credit Union is implementing a major change to how interest is calculated on their credit cards. If you're a cardholder—or considering becoming one—this update could significantly impact your financial strategy. 💳 In my latest video, I break down the shift to daily interest accrual and what it means for you. Whether you're a business owner leveraging high credit limits or simply managing personal expenses, understanding these changes is crucial. 📈 🔍 Key Takeaways: How daily interest compounding could lead to higher overall interest charges Strategies to mitigate the impact and keep your finances on track What does this mean for those who carry balances or make large purchases? This isn’t just another update—it's a game-changer for many. Watch the full video to stay ahead of the curve and protect your wallet. 💡 Pro Tip: Want personalized advice on how to navigate these changes? Let's connect! Book a consultation through the link in the video description. Let’s make your financial goals a reality. 👉 Watch the video here: https://lnkd.in/g_dZN4T7 #FinancialFreedom #CreditCards #NavyFederal #BusinessFunding #PersonalFinance #ZachGordon #CreditStrategy #LinkedInFinance #BusinessGrowth #InterestRates #CreditCardTips

DCUC applauds Rep. French Hill for introducing the 'Military Financial Services Protection Act of 2024.' This bill strengthens financial readiness for service members & families by modernizing the United States Department of Defense banking program. Learn more: https://buff.ly/3P2FQUS #DCUC #ServiceMembers #CreditUnions

DCUC urges Senate leaders to address Consumer Financial Protection Bureau overreach, advocating for balanced oversight to protect military families' financial readiness. Learn how we're standing up for fair policies that empower credit unions & communities. 📝 Read more: https://buff.ly/4gp1xKD #TheDCUCDifference #CreditUnions #MilitaryFamilies

This is a hack on how to increase your Navy Federal credit card limit up to 4 times a year without getting a hard inquiry! #creditcard #credithacks #credittips #credithelp

Thinking about a Navy Federal pledge loan? 💸Maybe hit 'pause' before you sign on that dotted line! From risking your savings to paying interest on your own money, there's a lot to consider. 🚫💰We break down the top reasons to be cautious and explore smarter financial moves. Ready to stay savvy? Tune in!🌟 https://lnkd.in/ggdfxmjh #FinanceTips #SmartBanking #CreditScores #FinancialWellness #LoanAdvice #NavyFederal #MoneyMatters

So just how much bigger is Navy Federal Credit Union Federal than other U.S. credit unions? Consider this. The NCUA posted call report data recently that showed Navy Federal had nearly 13.8 million members at the end of the second quarter of 2024. By comparison, the next five largest credit unions in the country by assets had roughly 10 million members combined at the end of the second quarter. And Navy Federal is not alone. First Tech Federal Credit Union experienced solid membership gains. The $16.7 billion-asset credit union actually outpaced Navy FCU on a percentage basis with 6.5% year-over-year growth to nearly 693,000 members. The $19.6 billion-asset Mountain America Credit Union also had a strong year with 7.8% membership growth to 1.3 million members. Read the whole story at Tyfone, Inc.'s News & Resources page! 👇 https://lnkd.in/eXpuv5Gn

Ferguson’s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. This was true for Hapsburg Spain, the ancient régime France, the Ottoman Empire, and the British Empire. In today's context, the argument to prioritize defense spending becomes even more relevant. If we are not a great power, who will defend our freedom and democracy? Some may argue that we should allocate more funds toward servicing our national debt to improve living standards. While managing national debt is undoubtedly important, we must also consider the growing threats from military totalitarian regimes and ongoing conflicts such as the Russia-Ukraine war. These examples illustrate the tangible dangers to global stability and democratic values. Spending on defense is not merely about maintaining military strength; it is about ensuring the security and sovereignty of our nation. A robust defense capability deters potential aggressors and safeguards our way of life. In contrast, neglecting defense in favor of debt repayment might lead to short-term economic benefits but can have severe long-term consequences. Without adequate defense, we risk losing our freedom, democracy, and the ability to protect our interests both at home and abroad. Moreover, historical precedents show that when nations fail to invest in their defense, they become vulnerable to external threats, leading to political and social upheaval that can drastically reduce living standards. Therefore, balancing our budget to ensure strong defense spending is crucial for the continued protection of our freedoms and the preservation of our democratic values.

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Financial instability, predatory lending, and lack of financial literacy can all be threats to military readiness, but ROGER has your back. We have the educational tools & resources you need for long-term financial success! https://lnkd.in/e8n8XYs5