Routing Number: 211177133
**ALERT! ** Members have reported receiving phone calls impersonating credit union employees. Imposters frequently ask to verify personal information to attempt to gain member data and confidential details. Crosspoint employees will never contact you to ask for login, debit/credit card info, deposit account info, or any other personal information. If you are contacted, do not share data with them and contact crosspoint directly at 203-288-1695 or in person at one of our branches.

New Year, New Financial Goals

Top Tips for Financial Success in 2024

The New Year always brings a fresh new start! Now, is the perfect time to map out your 2024 financial goals and determine the steps you can take to reach them. We understand the importance of financial well-being and are here to guide you on your journey to financial success. Here are a few tips to help you crush the New Year:

Reflect on 2023:

Before diving into the new year, take a moment to look back on your financial wins and lessons. Celebrate your victories, whether big or small and brainstorm ways to avoid those less-than-helpful habits—like overspending on dining out or avoiding canceling unneeded subscriptions.

Craft Your Budget:

A solid budget goes a long way! Knowing how much you spend and save every month, allows you to make the changes necessary to reach your goals. With a little help from budgeting apps, online spreadsheet templates, and you can begin tracking your finances in no time.

Establish an Emergency Fund:

Set a clear goal of three to six months’ worth of living expenses and consistently contribute by automating transfers. Open a separate savings account dedicated to emergencies to prevent non-essential withdrawals. Use windfalls and bonuses to accelerate savings without impacting your regular budget.

Debt Management Strategies:

If you have existing debts, develop a plan to manage and reduce them. Start by prioritizing high-interest debts and consider consolidating or refinancing to lower interest rates. Focus on making consistent payments to reduce the principal amount and save on interest payments over time.

Invest Wisely:

Explore investment options that align with your financial goals and risk tolerance. Whether you’re new to investing or a seasoned investor, diversify your portfolio to spread risk. Consider consulting with a financial advisor to ensure your investments are aligned with your long-term objectives.

Follow these tips and you’ll be on your way to financial success. Here at CrossPoint we’ll be here to help you along your journey. Here’s to a prosperous and financially rewarding New Year!