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Pam Moeller Awarded Heritage Award for Volunteers

Fort Dodge Family Credit Union’s Board of Director, Pam Moeller was awarded the Iowa Credit Union League’s Heritage Award for Volunteers at the Iowa Credit Union Convention.   The Award Ceremony was held in Dubuque on September 16, 2021.

Pam has been a Board member since February 2001.  She has served as the Audit Chairperson for most of her term.  

Pam is a dedicated Board member always ready to step in and help wherever needed.  

Congratulations Pam!   A well-deserved award!

2021 Board Members:

Augie Lanning – Pam Moeller – Linda Mersch – Andrew Campbell – Chris Hanson – Curt Lehman – Marsha Condon – Dallas Woock – Josette White

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Know Your Number

You most likely have a credit score, but you may not know how your score came to be. Having a good credit score can help when it comes to things such as getting a car loan or renting.

The first thing you need to know is that your score is comprised of several components. The largest portion is your credit history (35%), the amounts owed (30%), and the length of credit history (15%). There are also two other categories that include new credit that you have applied for as well as the types of credit that have been used.

Payment history is one of the most important things to keep track of as it can decrease your score drastically. Ensure that all of your bills are paid on time or prior to their due date.

The amounts owed on an account are usually referred to as your utilization percentage. Your utilization is calculated based on how much of your available credit is being used at one time.

Notes About Utilization Percentage

  • For example, say you owe $500 on a card with a $1,000 limit. You would be at 50% utilization.
  • There are three utilization percentages where your credit score can change. 30%, 50%, and 80
  • It is best to keep your utilization percentage below 30% for a good credit score.

The length of your credit history is especially important in younger individuals. When looking to establish good credit, keep in mind that your score will gradually improve over time. Just remember to keep making on time payments and keep your utilization under 30%.

If you need assistance, we are here to help! Whether you need to establish credit, rebuild credit, or just get your credit back on track, we can help you manage your credit score. Connect with us today!

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