P1FCU Translations

This stands for Annual Percentage Rate, which is the yearly cost of borrowing money or interest charged on a loan. 

This stands for Annual Percentage Yield, which is the amount of interest earned on a checking or savings account in one year. 

This is the amount of money available to spend in your account. 

This is a person who receives money from an account after the account owner’s death. 

This is a certified check issued by a financial institution. 

This stands for Certificate of Deposit, which is a savings account with a fixed rate for a set amount of time. 

This is a temporary delay before the money from your check is available to spend. 

This is something of value used to secure a loan. 

This is the process of trying to recover an unpaid debt. 

This is a notice on your credit report that helps protect against identity theft. 

This is a record of your credit history.

Think of this as a financial report card. It’s a three-digit number that predicts how likely you are to repay borrowed money over time. 

This is the total amount of money in your account before pending transactions are processed. 

This is combining multiple debts into one loan and one payment. 

Think of this as us paying you back. It’s the money your credit union pays you for keeping money in eligible accounts. 

This stands for Debt-to-Income ratio, comparing how much you owe each month to how much you earn. 

This stands for Electronic Funds Transfer, which is any electronic movement of money between accounts.