(716) 877-1630
Posted in Board Brief, KTFCU News on May 21, 2025
THE DIFFERENCE BETWEEN WEALTH AND POVERTY IS TWO CENTS.
What?!!
That’s right. It’s a euphemism for financial health. What it summarizes is this.
Every person who earns one dollar and spends 99 cents of that dollar are building savings and, over time, financial wealth. By contrast, every person who earns one dollar and spends $1.01 can only do so by taking on debt, which if not managed well over time, can lead to self-inflicted financial oppression.
The difference between spending $1.01 and $0.99 is two cents!
Of course, taking on debt can be necessary and practical.
Taking on debt to buy a ca...
Posted in KTFCU News on May 07, 2025
Our Certificate of Deposit rates are very competitive. Have your money earn interest for YOU.
3.75 apy. $ 5,000 & up 12 month term
4.00% apy. $10,000 & up 12 month term
Just give us a call at 716-877-1630 and we'll have your money earning dividends. Rates subject to change.
Posted in Board Brief, KTFCU News on Apr 16, 2025
Part 2 of 2
We think financial lost as a result of scams, phishing and smishing schemes target other age groups, not ours.
The data shows different age groups are susceptible to different types of fraud. Here are some shocking statistics related to fraud targeted towards our cell phones via texts.
• In 2022, people between the age of 18-44 are most likely to lose money to phone scams.
• Of this group, over 55% are men and about 42% were women. The other 3% chose not to declare their sex.
WHY ARE TEXT MESSAGES INCREASING?
On Dec. 30, 2019, President Trump signed a bill called the TRACED ACT...
Posted in KTFCU News, Newsletter on Apr 01, 2025
Posted in Board Brief, KTFCU News on Mar 19, 2025
Part 1 of 2
Almost all Americans own a cell phone (98%). In 2023, 76% of those were smartphones.
Our mobile phones are increasingly becoming instruments of phishing and spam attacks via our text apps. The industry calls these “smishing” schemes.
In 2022, 19.5% of texts were reported as spam (requests to block) and they are growing at a 15% rate per year.
What to Do?
Here is one example supposedly from the US Postal Service (USPS).
Upon inspection, here are some simple observations: