Money Tips for Veterans: Save More and Make the Most of Your Benefits
At Service Credit Union, we’re proud to serve those who have served our country. Not only do we recognize the sacrifices made by our military members and their families, we want to help ensure that the financial well-being they’ve worked so hard for continues long after service.
Whether you’re transitioning to civilian life or managing long-term financial goals, smart budgeting and taking advantage of available veteran benefits can help you build a secure future.
Create a Post-Service Budget
Transitioning from active duty to civilian life often means changes in income and expenses. Start by tracking your monthly costs, such as housing, utilities, groceries, transportation, and healthcare, and compare them against your current income. Service Credit Union’s checking and savings accounts make it easy to set up automatic transfers, helping you stay on track with your savings goals and build an emergency fund for unexpected expenses.
Make the Most of Military and Veteran Discounts
Many businesses offer discounts year-round for veterans and military families, from restaurants and retail stores to travel and car insurance. Check out sites such as Military.com and DAV (Disabled American Veterans) for updated lists of military discounts and freebies.
Use Your VA Home Loan Benefit
If homeownership is one of your financial goals, a VA Home Loan through Service Credit Union can make it more attainable. Backed by the U.S. Department of Veterans Affairs, VA Loans offer significant advantages such as no or low down payment for qualified borrowers, competitive interest rates and no private mortgage insurance (PMI) requirement. At Service Credit Union, we offer a one-time rate float down option.* That means that if the interest rates for VA loans decrease after you have locked in your rate but before your loan is finalized, you will have the opportunity to request the lower rate.
Take Advantage of Financial Counseling and Support
Financial transitions can be challenging, but you don’t have to navigate them alone. Organizations such as Green path Financial Wellness offer free financial counseling, debt management programs and housing Services to Service Credit Union members.
Save for the Future with Military-Friendly Accounts
From savings accounts to affordable personal loans, we’re here to help you grow your savings and manage your finances with confidence.
Download our free mobile app for iOS or Android and learn how to get started with convenient services such as mobile check deposit**, online bill pay, and more, so you can bank wherever life takes you.
*Qualified VA loan applications are offered one rate float-down free of charge. To qualify the VA application must have an existing rate lock and choose to utilize the float down option to move to a currently available lower rate. Only one float down option permitted per application. Rate float-down must be initiated more than 10 days prior to closing. Standard rate lock rules apply. See a Real Estate Lending Specialist for additional details.
**Must be at least 18 years old to deposit checks remotely. Members between the ages of 13 and 17 years old must have a parent/legal guardian accept the terms and conditions. Standard funds availability policy and other restrictions apply. Please see terms of use agreement for additional details. Checks deposited in real time are subject to Service CU discretion.
Whether you’re transitioning to civilian life or managing long-term financial goals, smart budgeting and taking advantage of available veteran benefits can help you build a secure future.
Create a Post-Service Budget
Transitioning from active duty to civilian life often means changes in income and expenses. Start by tracking your monthly costs, such as housing, utilities, groceries, transportation, and healthcare, and compare them against your current income. Service Credit Union’s checking and savings accounts make it easy to set up automatic transfers, helping you stay on track with your savings goals and build an emergency fund for unexpected expenses.
Make the Most of Military and Veteran Discounts
Many businesses offer discounts year-round for veterans and military families, from restaurants and retail stores to travel and car insurance. Check out sites such as Military.com and DAV (Disabled American Veterans) for updated lists of military discounts and freebies.
Use Your VA Home Loan Benefit
If homeownership is one of your financial goals, a VA Home Loan through Service Credit Union can make it more attainable. Backed by the U.S. Department of Veterans Affairs, VA Loans offer significant advantages such as no or low down payment for qualified borrowers, competitive interest rates and no private mortgage insurance (PMI) requirement. At Service Credit Union, we offer a one-time rate float down option.* That means that if the interest rates for VA loans decrease after you have locked in your rate but before your loan is finalized, you will have the opportunity to request the lower rate.
Take Advantage of Financial Counseling and Support
Financial transitions can be challenging, but you don’t have to navigate them alone. Organizations such as Green path Financial Wellness offer free financial counseling, debt management programs and housing Services to Service Credit Union members.
Save for the Future with Military-Friendly Accounts
From savings accounts to affordable personal loans, we’re here to help you grow your savings and manage your finances with confidence.
Download our free mobile app for iOS or Android and learn how to get started with convenient services such as mobile check deposit**, online bill pay, and more, so you can bank wherever life takes you.
*Qualified VA loan applications are offered one rate float-down free of charge. To qualify the VA application must have an existing rate lock and choose to utilize the float down option to move to a currently available lower rate. Only one float down option permitted per application. Rate float-down must be initiated more than 10 days prior to closing. Standard rate lock rules apply. See a Real Estate Lending Specialist for additional details.
**Must be at least 18 years old to deposit checks remotely. Members between the ages of 13 and 17 years old must have a parent/legal guardian accept the terms and conditions. Standard funds availability policy and other restrictions apply. Please see terms of use agreement for additional details. Checks deposited in real time are subject to Service CU discretion.
