News

News

April 7, 2020
April is Credit Union Youth Month and we're celebrating by looking at the many different ways that the real world can teach our kiddos about money and the importance of managing money wisely. Today, we're taking a look at David's wish for an air hockey table and how that helped him understand more about budgets. Air Hockey and Budgets David’s friend, Mikey, had the most awesome basement ever. It had a ping-pong table, a foosball table and an air hockey table. That’s why David loved going over to Mikey’s house to play. But David wanted an air-hockey table of his own. “Can we get one, Mom?...Read More
April 6, 2020
When it comes to smart money management, transparency is key. For adults, that means keeping accurate records. But how can young children get a real sense of how much of their money goes to spending and how much they’re saving? It can be done by providing them with a simple, visual system for dividing their money. Instead of an old-fashioned piggy bank, consider using three clear glass jars. As soon as your child is old enough to do basic chores without much supervision, consider assigning a dollar amount for each week to the work they do. Give them the aforementioned three jars and label...Read More
April 3, 2020
Legislation was passed recently that provides small businesses with the financial assistance they need through the SBA (Small Business Administration). There are two separate programs available: The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). The following comparison chart illustrates each program as we understand them right now. U.S. Small Business Administration PAYCHECK PROTECTION PROGRAM The Coronavirus Aid, Relief and Economic Security (CARES) Act allocates $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn...Read More
April 1, 2020
Spend 5 minutes with a child, and you know they are constantly wanting to learn. We are here to hold your hand as you start to teach your kids about finances. Here's just a couple of ways to get started today: Take your kids with you on your next visit to Archer Credit Union. Let them watch you balance your checkbook. Show your kids how you pay your bills so they know that electricity, water, gas, phones and cable all cost money. Give them a budget for an item they want and let them choose which one to buy. Let your kids work to pay for an expensive gadget or a special trip they really want...Read More
March 23, 2020
We are excited to announce the hiring of Andrew Costello a Member Service Representative of the St.Paul location. Andrew will serve as the first point-of-contact for members. He will perform accounting duties, product/service assessments and provision of quality service. He will assist all areas of the credit union operation. Rex Minert, President/CEO of Archer Credit Union, states, “We are very excited with the newest addition to our credit union team. Andrew brings with him a strong work ethic and a working knowledge of the St. Paul area. We are looking forward to him being a part of the...Read More
March 19, 2020
As an ACCU member, you have access to your money while social distancing. While all of our locations remain open at this time, here are just a few ways you can access your money from wherever you are: Online Banking Mobile App Mobile Deposit Our ATMs and Surcharge-Free ATM Network Bill Pay eStatements These remote services will help you manage your finances during any interruption in regular in-person services and so we encourage you to start taking advantage of them now. Please use the links above to learn more about each of these services and enroll online. If you need assistance with any...Read More
March 19, 2020
Dear Members, As of Monday, March 23, our 4 branches (Archer, Central City, Dannebrog, and St. Paul) are limiting the lobby access to scheduled appointments only. Our Drive-thru in Central City and St. Paul will remain open during normal business hours for most of your transactional needs. If you need to visit our office locations during regular business hours, our dedicated team members will be ready to help with any needs. While our offices will have limited in-person servicing, we encourage you to use our Central City or St. Paul Drive-thru or ATMs. Be assured that our office is being...Read More
March 18, 2020
Q: What steps should I be taking to protect my personal finances during the coronavirus outbreak? A: The coronavirus outbreak has already generated consequences for the national and global economies — and experts say this is only the beginning. The virus ended one of the longest bull markets in history, as the stock market plunged by a full 25 percent in one month. Businesses have also been adversely affected by the outbreak in many ways: production lines have been put on hold as the delivery chain is disrupted while countless industries have been negatively impacted by a dearth of supplies,...Read More
March 13, 2020
Dear Members, During this time of uncertainty surrounding the spread of COVID-19, I want you to know that you are our top priority. Currently, we are keeping our locations open and continuing to take the following precautions: Monitor the latest reports from the Centers for Disease Control (CDC), World Health Organization (WHO), and state officials; and Implement good hygiene and infection control practices at each location. This includes our employees who are vigilant about staying home if they are sick. I encourage you to stay home if you are feeling unwell. As always, the following off-...Read More

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