Leveraging Technology To Better Your Finances
Universal 1 Credit Union's Money Management Tools.
Understanding your current financial picture is a key component in achieving financial clarity and improving your personal finances. Universal 1 Credit Union’s Money Management tool helps you do just that.
Money Management is a free service offered to members of Universal 1 Credit Union and is accessible through Online Banking that lets you see all your financial accounts, including those from other institutions, all in one place. Simply add an account to include funds you have outside of the Credit Union and get the full picture of all your assets. Checking and savings accounts, investments, credit cards, loans, mortgages, and other lines of credit can all be added.
Some of the key features of Universal 1 Credit Union's Money Management service include:
• Budgeting: Money Management allows you to create a budget based on your income and expenses. You can set spending limits for different categories and track your progress towards staying within those limits.
• Goal setting: Use Money Management to set financial goals, such as saving for a down payment on a house or paying off debt. Track progress towards your goals and make adjustments to your budget as needed.
• Transaction categorization: Money Management automatically categorizes your transactions, allowing you to see where your money is going, such as groceries or gas. You can also add custom categories to help you better understand your spending habits.
• All your accounts in one place: Money Management allows you to see all your financial accounts in one place, including those from other financial institutions. This can give you a comprehensive view of your finances and help you make more informed financial decisions.
• Alerts and notifications: Money Management can be set up to send you alerts and notifications for important financial activities, such as low account balances, unusual transactions, and bill payment reminders. These alerts can help you stay on top of your finances and avoid any unexpected fees.
For more on Money Management and how you can use the tool for budgeting or setting goals, watch the short video below and get started on your road to financial security. If you have additional questions or need further assistance, please contact U1 Member Services for assistance at 800-543-5000 option 0 or at memberservices@u1cu.org.