Category: Featured News - Enbright Credit Union

Be prepared this Christmas!

Apply for a Christmas Loan Today!

$1,500 as low as *8.25% APR for 12 months – Now until December 24th.  

The Christmas Loan may be used for loan amounts up to $1,500.00 (loan amount may be less than $1500).

A member can have only one Christmas Loan Special open at a time. 

Apply here. (Signature Loan)

APR = Annual Percentage Rate, APR based on members’ credit score.

Membership eligibility requirements apply. Other terms and conditions may apply. *All loans are subject to our normal underwriting policies and guidelines.
Institution NMLS # 418484


Need to skip a loan payment?

We know that the end of the year can make more demands on your finances, between holidays, taxes, travel, etc. Our Skip A Payment program allows you to skip one loan payment yearly after 12 months of payments have been made. If the loan is paid twice a month, those two payments may be skipped during the month you choose. Only one skipped payment (month) is allowed per year. Skipping a payment may extend the term of the loan and is not available if you have had a loan extension in the last 12 months.

Mortgages, credit cards, SBA Loans, and credit lines are excluded from this offer. To apply for a skipped payment, CLICK HERE for the application form. Please complete the form and submit it at least five days before your payment is due.

Please submit a separate form for each loan.

Credit Union Members Unlock Benefits of Calm

Limited Time Offer: Pay only $29.99 for an annual subscription for a savings of $40.

Unlock the Benefits of Calm

Find Calm in the chaos with access to hundreds of guided meditations, sleep stories, breathing exercises and relaxing music on Calm, the #1 App for Meditation and Sleep.

Join the millions experiencing better sleep, lower stress & less anxiety.

  • Learn how to increase focus, inspiration & productivity.
  • From 3 to 25 minutes, choose the length of each session to fit your schedule.
  • Calm provides experiences for resilience and mental fitness. The programs are designed to support feelings of creativity, calm, resilience, happiness and success. What’s even better, credit union members can enjoy Calm for only $29.99, which is a **savings of $40** off the annual subscription cost of $69.99.

Sleep more. Stress less. Live better.

Back to School: 3 Ways Credit Unions Step Up


Key Summary:  Here are three ways credit unions are stepping up and helping their communities and members head back to school – even amidst a global pandemic. Credit unions offer back-to-school loans, classroom and supply drives and donations, and funding for sports and extra-curricular activities.

As we look ahead to the 2021-2022 school year, the only certainty is uncertainty. Whether you’re preparing for yourself or for your school-aged children to return to school, we are all trying to figure out our new normal. “Back to school” certainly looks different this year, but one thing remains the same – your local credit union is there to ease the burden and take away some of your uncertainty. Here are three ways credit unions are stepping up and helping their communities and members head back to school – even amidst a global pandemic. 

#1 Back-to-school loans 

Heading back to school is expensive, even in “normal” times. We are asked to purchase a never-ending list of supplies, new clothes for our growing children, tuition and other expenses add to financial strains when livelihoods are at risk. Throw a global pandemic into the mix, and expenses are sure to skyrocket. According to the National Retail Foundation, the coronavirus could push back-to-school spending to record levels. “Spending is expected to total $33.9 billion, up from $26.2 billion last year and breaking the record of $30.3 billion set in 2012.”

Credit unions around the nation are helping to offset these expenses by offering “Back to School” loans. One of these credit unions, Members Choice WV Federal Credit Union in West Virginia, is offering loans tailored specifically to education needs. Gabrielle Wright, Marketing Director, notes “Back-to-school loans are a legacy loan product for us, and this year they were more important than ever. We knew we needed to offer a loan to the community that individuals could use in whatever way they needed; and the flexibility of our personal loan special, Back to School Loans, was it. Whether for students and families trying to prepare for an uncertain, upcoming school year, or just to provide supplemental cash ahead of whatever is coming next, our Back to School Loans are here to help.”

Credit unions have proven time and time again that they are perfect for all your loan needs, as they offer lower rates, and offer loans to individuals that banks turn away. Most families find credit union loans to be better solutions than alternative solutions. 

#2 Classroom supply drives & donations 

Children of all ages need tools and supplies essential to success in school. Credit unions around the country are working to ensure schools in their communities are equipped to make going back to school less burdensome. Keesler Federal Credit Union in Mississippi is making sure kindergartners have all the tools they need to succeed as school begins. The credit union hosted a “Backpacks for Bright Futures” supply drive benefitting 6,700 kids in 16 school districts. As the President & CEO Andy Swoger puts it, “This is a community giveback to try and lighten the load a little bit on our community.” 

#3 Sports & scholastic activity

Every facet of the school year is up in the air, including school sports and extracurricular activities. This can be challenging for children and parents alike. According to ChildFund, “There is significant research available today which points to the important and positive impact that sports and physical activities can have on educational outcomes. This includes encouraging better academic performance, ensuring greater inclusivity and participation in the classroom, as well as improvements to student health and preparedness for the future.” Even scarier is the fact that funding for school sports and activities relies on sales and sponsorships during the season. Without adequate funding, many school sports teams would cease to exist.

Credit unions are stepping up to make sure that school sports remain, even if this season is canceled. Amidst the coronavirus pandemic, Gesa Credit Union in Washington announced the expansion of its official title sponsorship of the Washington Interscholastic Activities Association. Don Miller, Gesa’s President & CEO, said “enhancing this partnership provides Gesa a way to further impact students across Washington.”  

Back to school may be uncertain this year, but credit unions are here to help make the transition as easy as possible.  

Interested in joining a credit union?  Find one near you.

Back to School: 3 Ways Credit Unions Step Up. (n.d.). Default. Retrieved August 9, 2022, from


Back to school may be uncertain this year, but credit unions are here to help make the transition as easy as possible.

Know the 4 Components of a Budget

Key Summary
Building a budget is the first step toward becoming a better money manager. Believe it or not, many people don’t know how much money they earn or how much they spend each month. Learn how to create a budget by using these four components: net income, fixed expenses, flexible expenses, and discretionary spending/expenses.

This guest post is written by La Capitol Federal Credit Union.

Warning: This post may contain math!

Building a budget is the first step toward becoming a better money manager. Believe it or not, many people don’t know how much money they earn or how much they spend each month.

That’s why we create budgets. It’s a financial exercise that sometimes surprises people – even shocks them when they discover the amount they spend each month. It also inspires them to change their financial habits.

Before you break out the calculator, know these four main components of a budget. This will allow you to get all your paperwork in order before diving into equations and spreadsheets.

Net Income

This is the income you take home from each paycheck. Net income is your wages minus taxes, retirement contributions, employer-sponsored healthcare costs, etc. If you’re married, it also includes your spouse’s wages It also includes money you earn through investments, a part-time job, and even alimony.

It’s important to include everything to maintain an accurate budget. You should also make sure to report the income you actually receive and not the income you expect to receive. For example, if you are supposed to receive child support, but do not receive payments regularly, do not include this in your income.

Fixed Expenses

All expenses are not created equal. You need to separate them into three categories to reveal where your money is being spent and pinpoint the areas where you can cut spending if necessary.

Fixed expenses are those that are usually necessary expenses and remain fixed from month to month. They include car payments, mortgage, rent, and even expenses such as HOA fees. Basically, if you can’t change what you pay each month, then it’s a fixed expense.

Flexible Expenses

As the name suggests, these expenses are flexible in how much they cost. They change from month to month but are mostly necessary – although you can easily lower them. They include grocery bills, utilities, cable, and cell phone bills.

Discretionary Expenses

These are your wants. Discretionary expenses are items you don’t necessarily need to survive but still buy them anyway because you want them. These include gym memberships, dining out, morning coffee, and more. They may also include unexpected costs, such as home repairs. When you’re creating a budget and you need to reduce expenses, these are the first to get cut.

Start Building Your Budget

Now that you know the four components that make up a budget, you’re ready to start adding and subtracting your way to a better financial lifestyle.

Many credit unions offer free financial resources including worksheets, interactive courses, publications, videos, and more to help you take control of your financial future. Interested in joining a credit union? 


Know the 4 Components of a Budget. (n.d.). Default. Retrieved July 26, 2022, from

I Love My Credit Union, and So Will You!


Loving a credit union isn’t hard to do. By design, credit unions are different than other financial institutions. And those differences, once experienced, are hard to live without! Credit unions serve their members – not stockholders, typically have better rates and lower fees, offer personalized service, care about your community, and are available for you 24/7/365 – no matter where you are!

Credit unions are so easy to love – just ask the more than 130 million members nationwide. If you don’t have time for that many conversations, no worries! We detail some of the reasons you’ll be shouting “I LOVE MY CREDIT UNION!” very soon. Read on to find the top reasons you’ll love your credit union relationship. 

You’ll love being treated like an owner. 

Credit unions are a different kind of financial institution: owned by you and working for you to give you control of your financial future. Because of this, YOU get a piece of the pie. Credit unions offer the same products and services as banks, but the profit cycles back to members instead of shareholders. In fact, credit union “shareholders” are the everyday Americans who do business with them – their members. And credit union earnings are returned to members through reduced fees, higher savings rates, lower loan rates, and dividends! At a credit union, your money = your choices.  

You’ll love the better rates and lower fees.

Since credit unions aren’t paying dividends to stockholders, that means they can return earnings to members in the form of higher interest rates on savings products and lower interest rates on loans and credit cards. In addition, if credit unions do charge fees, they are nominal and generally lower than what banks demand. Credit unions want to help you keep as much of your money as possible; they are here to help your wallets, not hurt them!  

You’ll love the personalized service.

Credit unions are small enough to know you and your neighbors, but big enough to bring the world to your fingertips. They care about who you are, and what you dream of. This means they offer you honest, personalized service to help make your financial future brighter. Credit unions can focus energy and training on high-quality customer service as a not-for-profit. Credit unions don’t sell members the latest financial product because of a sales quota. A credit union’s products and services are tailored to the member, not a corporate quota.

You’ll love their investment in your community.

If you’re looking for a great financial partner that’s also great for your community, credit unions are the best option. Unlike the big national banks and online-only banks, credit unions are member-owned financial institutions that directly contribute to where you live, work, and worship. This community investment comes in the form of financial education and funding, philanthropy, small business supporters, and so much more! Credit unions truly live up to their motto of “people helping people”. 

You’ll love that they have your back, 24/7/365!

No matter who you are or where you’re from, credit unions have your back. Credit unions put people first all across America. Today, an extensive network of credit unions form a group of financial cooperatives that have $1.5 trillion in assets: Collectively they serve more than 130 million people with modern financial service solutions to meet the needs of a growing membership that is as diverse as the United States. And just like banks and the FDIC, individual credit union deposits are protected for up to $250,000 by the National Credit Union Administration. Credit unions are there for you, available at your fingertips, wherever you are and whenever you need them! 

Credit unions are SO easy to love, and if you have yet to experience the credit union difference, you’re missing out! 

I Love My Credit Union, and So Will You! (n.d.). Default. Retrieved July 25, 2022, from


*Membership eligibility requirements apply. Other terms and conditions may apply.

Translate »