Getting to Know Emery Federal Credit Union

Getting to Know Emery Federal Credit Union

Navy Federal Credit Union was proud to host Senator Mark Warner (D-Virginia) on Wednesday, August 31st at its Headquarters in Vienna, Va. While Congress was in recess, the senator's "staycation" road trip across Virginia took Mr. Warner around all parts of Virginia. From Richmond, Hampton Roads to Vienna, the senator has taken this time to meet with constituents and business leaders to hear their concerns and share his vision for the future and solutions to our troubled economy. Senator Warner's visit lasted a little over two hours. Where he first met with Navy Federal executives and then conducted a town hall meeting with over 75 employees. During his town hall, the senator reflected on the huge deficit, the economy and the good business practices of Navy Federal and how he could see the sentiment of service from talking with employees. He then closed his visit with a quick tour around the Hughes Branch in Vienna Va.

Senator Mark Warner Visits Navy Federal Headquarters

Winner: Navy Federal Credit Union · Best Doctor in Vienna Winner: Dr. Scott Gerrish. Best Dance Studio in Vienna ... Navy Federal Credit Union. 820 Follin Ln SE, Vienna, VA. 703-206-2000. /listings/navy-federal-credit-union-22. 373631. /locations ... Readers' Choice Winners 2012: Vienna

Whether you are trying to buy a home (or your second one), or raise money for your children’s education or for your family’s health purposes, you can’t run away from this one global phenomena that is happening everywhere to almost everyone. Perhaps you’ve heard of it…. it’s called mortgage (there’s also refinance, actually, but let’s go one by one). If you have not heard of it before, then you are either Mark Zuckerberg (or people who are within the range of wealth as him), or you’re a 10-year-old. If you’re the former... how would you like to donate a house to poor little me? And if you’re the latter… don’t worry, kid, sooner or later you’ll need to know these things.

But I’m getting off-tracked. To make a long story short, anyone who is thinking about taking a mortgage or refinance mortgage should first of all do his/her homework.

What homework, you ask? Homework about the banks you want to approach regarding this issue. Trust me, I should know the importance of this; my father nearly drove our family into bankruptcy when he did not do a thorough investigation on this one bank from which he was taking a mortgage. This does not mean that you shouldn’t take any recommendation from your friends or relatives, though. It simply means that you may want to do your own checking, and since the competition among banks are quite stiff these days, it may do you good to compare the rates and fringe benefits from each bank so you can get the best deal.

I’m getting off-tracked again. I really want to talk about this institution called the Emery Federal Credit Union, which has been around since 1939. Unlike most financial institutions out there, the Emery Federal Credit Union is a non-profit institution that also happens to be member-owned.

It dedicates itself to serving its members by transferring the excess earning back to members through low interest rates, high yield savings and low/no convenience fee! You can sleep soundly in the nights knowing how safe your money is, as it is federally insured with the National Credit Union Administration (NCUA).

When you buy a house (or any property for that matter), you’ll most likely need a mortgage to help you with the payment. For the uninitiated, a mortgage is a pledge to put up a certain property as collateral to a loan, and in this case, the collateral would be the house that you’re buying. If you are unable to repay the mortgage payments, your creditor would likely repossess your house. If this is your first mortgage on that house, then it is known as a first mortgage. There are usually two types of first mortgage, namely the fixed rate and adjustable rate mortgage. The Emery Federal Credit Union mortgage service provides both types.

Now, if you’re imposing a mortgage on a house that already has a mortgage on it, then it is known as a second mortgage or refinance mortgage. In a layman’s term, it is like renewing your old mortgage but (usually) with lower interest rates (and hence lower monthly payments too). There are many types of refinance mortgages available, such as VA mortgages, Loan-to-Value (LTV) loans, Home Equity Loans, Home Equity Line of Credit (HELOC), Cash-out Refinance and FHA Loans. Are all these also available in Emery Federal Credit Union? Yes, you can get them within the Emery Federal Credit Union refinance service!

Not only that, in order to make consumers’ lives easier, there are also a variety of online tools made ready on its website. You can check the updated interest rates there, as well as use their online financial calculators to assist you in your decision making. But don’t just take my word for it â€" do your homework!

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