Annual Meeting RSVP

annual meeting

2020 Annual Meeting

annual meeting

RSVP for our Annual Meeting at our Vacaville Branch on Tuesday, July 28th at 5:00 pm.

6 Ways to Spend Your Stimulus Responsibly

Happy couple at home paying bills with laptop

Have you received your COVID-19 stimulus payment or are you expecting it soon? Have you started thinking about how you would spend it?

It’s tempting to think about all of the ways you could spend an extra $1,200 or $2,400 – depending your filing status and the number of dependents you claim. Before you get that list finalized, we want to give you some tips to help your money stretch as far as possible.

1. Prioritize.

Look at your bills. What are essential – rent or mortgage, car payment, utilities – and what bills are non-essential – entertainment, streaming services, unusable memberships? Make a list of what you need and what you can live without. Focus on paying the essential bills first.

2. Save. Save. Save.

Don’t miss an opportunity to pad your savings account with some of your stimulus money. It’s a one-time payment so think of your stimulus as a mini emergency fund. You may want to set aside some of the payment as “in case” money.

3. Divide and conquer.

You only get one stimulus payment, but your bills will still come monthly. If you’re currently unemployed, it’s especially important to be strategic in how you spend your stimulus payment. Take this opportunity to divide it up into smaller chunks to help cover some of the essential bills you pay each month. Also, talk to your landlord or mortgage lender, your utility company and internet service provider if you’re having trouble meeting your monthly obligations. A lot of companies are finding ways to help their customers during this unprecedented situation.

4. Don’t hoard cash.

Hoarding cash is a bad idea in general. Your money is much safer at your credit union than it is in your home. The National Credit Union Administration insures amounts up to $250,000. So, bring it to us and let us keep an eye on it. Plus, if you have a checking account that has a reward option, you could save money on purchases.

5. Pay down debt.

Paying off debt is almost never a bad financial move but think about it and prioritize carefully. Even in these uncertain times, paying off your highest-interest debt isn’t a bad idea. But, don’t feel like you need to be in a hurry to spend all your stimulus money on paying off debt. Look at your options for forbearance, payment deferrals or even the option to skip a monthly payment. If you can get some relief on your debts in the coming months, let that stimulus payment sit in your savings account.

6. Splurge Smartly.

We’re all feeling the weight of stress, grief and uncertainty as we wonder when this pandemic will end, and life will return to normal. No matter how you decide to spend your stimulus check, set aside a little bit to spend on something fun for yourself. Maybe even shop at some of your local businesses to offer support. Remember: the government is hoping these stimulus payments will put some cashflow back into the economy to stimulate it.

Over the past couple of months, we’ve faced a situation no one could’ve possibly prepared for. We know that our members have been affected in some way by the COVID-19 pandemic. While the stimulus payments will certainly help and offer some relief to most, please know that Befit Financial Federal Credit Union is here for you. We want to help you stretch your stimulus payment as far as it will possibly go. Maybe you need to skip a monthly payment or you’re looking for a relief loan. Regardless of your needs, give us a call and let us figure out how to help.

Befit Visa® Rewards Credit Card

befit member holding card and cell phone in hand

Befit Visa® Rewards Credit Card

befit member holding card and cell phone in hand

Having healthy credit gives you the freedom (power) to do it all! Be Empowered with our Befit Visa® Rewards Credit Card. You’ll get a great, low rate on purchases, no fees, and a ton of perks, too.

Be Rewarded with the power of plastic in your hands:

  • 1 point per dollar spent
  • Credit limits up to $20,000
  • No annual fee
  • 25 day grace period on purchases
  • Competitive interest rates
  • 24/7 Visa customer service

Befit Rewards Program

Earn rewards on everything you buy like groceries, gas, dinners out… and everything in between!

How does it work? We’re glad you asked. You’ll earn one point for every dollar you spend using your Befit Visa Credit Card!

Enjoy rewards like….

  • Cash back – receive a statement credit to your card.
  • Travel – redeem for hotel discounts, car rentals, hotel stays, and airfare to virtually anywhere in the world.
  • Event tickets – grab seats to the latest concerts, shows and sporting events.
  • Gift cards to retailers and restaurants – get gift cards to Amazon, Groupon.com, Bass Pro, Target, and so many more.

For more information and a complete listing of rewards, visit here. opens in a new window

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