Money Matters Blog

If you are thinking about buying a new car, there is a new financial benefit on the horizon that may be worth keeping on your radar. Starting in the 2025 tax filing year, a new federal law will allow some borrowers to deduct the interest paid on qualifying auto loans – a first for many modern consumers. This change could mean extra savings at tax time; however, like most tax updates, there are a few important details to understand before making decisions. What’s Changing? Under recent legislation, qualifying consumers will be able to deduct up to $10,000 per year in auto loan interest for personal-use vehicles purchased after December 31, 2024. The deduction applies regardless of whether you itemize your taxes, and it runs through 2028.

Finding the right home for you—whether that be a starter home or a forever home—can be an exciting and daunting process. When you’re ready to buy, done your research and know what you want in a home, congratulations! But the homebuying process doesn’t end there. There are loan applications, credit report checks, negotiations, and so many financing options, it can make your head spin!

Medical debt often feels overwhelming because it shows up unexpectedly, varies wildly in cost, and is tied to stressful health events. You have more rights and options than you might realize—including the ability to negotiate bills, request financial assistance, or set up low or no interest payment plans or no interest payment plans.

Paying for college can feel overwhelming—especially if you’re juggling work, family responsibilities, or a tight budget. If you’re a Black student or planning to attend a Historically Black College or University (HBCU), the financial aid research process can add an extra layer of stress. With that in mind, here’s an easy-to-scan guide designed to help you figure out which awards you may qualify for in the coming months.

A new year means new opportunities—and new goals to set! Learn how to create smart financial goals that help you make the most of your money.

At Sharonview Federal Credit Union, we believe being a community means giving back. See how we've given to our communities through volunteer work and more.

You don’t have to stick with a subpar mortgage. Learn the benefits of refinancing a mortgage and why it’s a great way to save money, build equity, & more.

The right personal loan can unlock opportunities & boost your budget. Learn how to get a personal loan with great rates from a trusted provider like Sharonview.

We’ve shown people why joining a credit union is a wise choice for 70 years. Click here to learn more about Sharonview & the impact we’ve made for our members.