Woman wearing face mask holding a Christmas gift in a shopping mall

Winter holidays are here, and that means family gatherings, gift-giving, and shopping! Even though holiday shopping is a bit different during a pandemic, there are still plenty of ways to find that perfect holiday gift for everyone on your list. Today’s blog from Volt Credit Union explains how our credit union helps you with holiday shopping.

Related Post: How Volt Credit Union’s Online Banking Services Help You Manage Your Finances

Secured Loans

Secured loans use your current financial standing to borrow money. For example, you have a savings account of $500. You could get a loan for $500 to give you a bit of spending money for the winter holidays. This type of secured loan can also help you rebuild your credit. 

Another option comes from the equity in your auto loan. This is how auto loan equity works: We take the difference between the resale value of your vehicle and the amount you owe on it. That amount becomes a loan, and it’s often at a better interest rate than a credit card. For instance, your vehicle is worth $10,000 in resale value if you sell it yourself. You owe $8,000 on your auto loan. The equity is $2,000.

Talk to the employees of Volt Credit Union about what options are available for you.

Checking Account 

Volt Credit Union has share accounts rather than traditional savings or checking accounts. Your checking account allows you to pay bills online, and it comes with a debit card so you can easily shop for items. Checking accounts maintain up-to-date transactions as you spend money, so you know exactly what’s in the account. 

Transaction Security

Our team helps to keep your online transactions safe and secure. When you’re shopping online, look for secure online transactions before inputting your personal payment information. Secure transactions tell you that there is encryption that helps prevent theft and fraud.

Related Post: Volt Credit Union Explains How to Keep Your Debit Card Transactions Safe From Fraud and Theft

Questions? Volt Credit Union Has Answers!

Have questions about how we can help with your holiday shopping? Contact Volt Credit Union today and we’ll happily answer. The staff at Volt Credit Union wishes you and yours a Merry Christmas and a Happy New Year!

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