APR vs. Interest Rates

When comparing long-term loans, the interest rate and the annual percentage rate (APR) are often confused. While the interest rate refers to the annual interest expense of the loan, the APR reflects the annual cost of borrowing money from the lender. Clear as mud? Don’t worry; we can help.

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Saving on Home Renovations

Many homeowners are thinking of making minor and major household improvements and for most, the cost will be prohibitive. The average kitchen remodel tops $60,000 and a bathroom overhaul can run $18,000. No worries, though! With some careful planning and smart choices, you can shave thousands off the cost of renovations.

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6 Ways You Can Use A Personal Loan This Summer

Summer is a time for fun and excitement, but it can also be super expensive. Summertime can be a season of major life changes like household moves, weddings, or purchasing that boat you’ve been eyeing.

Before you start swiping the plastic for everything under the sun, Cooperative Teachers Credit Union recommends considering a personal loan to stay within your budget.

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