Education & Resources Content

Education & Resources

Calculators

Mortgage Payment Calculator | Loan Payment Calculator | Savings Estimator | Debt Payoff

Mortgage Payment Calculator

Use our loan calculator to help you determine the loan financing amount and payment options that are best for you. Web browser must support JavaScript.

Years:
Interest:
Loan Amount:

Results

Monthly Principal Interest:

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Loan Payment Calculator

Use our loan calculator to help you determine the loan financing amount and payment options that are best for you. Web browser must support JavaScript.

Principal:
Number of Payments:
Interest Rate:

Results

Monthly Payment: $

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Savings Estimator

Enter how much you can afford to save each month, how long you can save this amount, and the interest rate you can get on your savings and this script will display your total savings.

Total invested each month:
Number of months/years to acquire sum:
Interest rate on savings:%

Results

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Debt Payoff Calculator

What will it take to pay off my credit card?

Enter your credit card balance: $
Enter the credit card's interest rate: %
Enter payment amount per month: $
or
Enter desired months until debt free:

Results

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Get Your Free Credit Report

To get your FREE Credit Report* go online to www.annualcreditreport.com, click on Minnesota and follow the instructions.

If you prefer not to use the web and you don't mind waiting, you can call 877-322-8228 or stop by one of our offices and ask for an Annual Credit Report Request Form.  It may take up to two weeks to receive your credit report if you use either of these methods.  Once you get your credit report review it for accuracy.  It will help detect reporting errors and may help protect you from a case of identity theft.  The new amendment to the Fair Credit Reporting Act entitles you to one free credit report a year from each of the three major credit reporting bureaus:  Equifax, Experian and TransUnion.
*Your credit score is not included so if you want to buy your credit score you will be charged. 

If you receive a suspicious e-mail message claiming to be from Home Town Credit Union, please let us know and we will act on it promptly.

Fraud Prevention

Fraud Awareness:

Skimming

ATM card skimming fraud involves the attachment of electronic devices on or around an ATM to illegally collect data from the magnetic strip of the card, while hidden cameras are also installed to capture the personal identification number entered by the customer. These electronic devices used to capture the information vary in design, size and shape, and look similar to legitimate devices. In some cases, criminals situate themselves near a compromised ATM and capture card data using a wireless device that is sometimes plugged into the network cables of the ATM's phone or internet connection. Often the criminals install the deice for only a short period of time to avoid detection. Card skimming is an industry-wide issue and not unique to one type of ATM. Therefore, consumers should monitor  their accounts and report suspicious activity.

How to reduce the chance of becoming a victim of ATM card skimming:

  • Check all ATMs and other card-reading devices before use. Signs of card skimmers include:
    • The ATM cover looks loose.
    • Scratches or sticky tape residue which might indicate a false ATM front.
    • A pinhole on the machine which could indicate a camera has been installed.
    • An extra keypad layered over the ATM's keypad.
    • Try jiggling the card reader - if it moves, it could be a card skimmer.
  • Cover the keys when entering your pin.
  • If you have a choice, opt for credit (or using your debit card as credit) to prevent criminals from gaining access to your pin.
  • Be more aware on weekends because criminals are more likely to install skimmers after a bank or credit union has closed, making it harder for consumers to report a problem.
  • If an ATM looks suspicious in any way, don't use it. Report it to the financial institution or police.
  • Check your statement as soon as you receive it and report any suspicious entries to your financial institution or credit card company.

If you become a victim of ATM card skimming, you should:

  • Contact your financial institution immediately to report any suspicious activity on your account.
  • Continue to monitor your credit report - criminals may continue to use your information.
  • Contact one of the three major credit bureaus to place a "fraud alert" on your credit reports:
Informational Links:

View Demo

Buy Smart! Tips for Car Buying

  • Before you start shopping, call HomeTown Credit Union to get pre-approved for financing.
  • If you plan on buying a pre-owned vehicle, consider whether to buy from a dealership or private party.
    • Dealerships typically do a mechanical inspection, service and detailing on the vehicle before it goes on their lot. A dealership can take care of the title transfer for your new purchase, and sometimes they will offer a free basic warranty.
    • Buying from a private party may get you a lower purchase price. You can talk to the past owner about the vehicle and any service they may have done to it in the past.
  • When you find a vehicle you are interested in, consider running a CarFax report. A CarFax report will show you if previous damage had been reports on the vehicle, how many past owners the car has had, and if the vehicle had ever been listed as a lemon, flood, salvage title or total loss.  HomeTown Credit Union offers discounted CarFax reports to its members.  All we need to run a report for you is the vehicle’s VIN number.
  • Check out Consumer Reports for information on the vehicles that you are interested in. Since Consumer Reports does not have advertisers, they are able to offer a non-biased review on vehicles along with reliability reports.
  • Establish a value for the vehicle you are buying. You can check your vehicle’s value for free at www.nadaguides.com
  • Keep your emotions in check! When you find a vehicle that you love, it can be easy to overlook flaws that may bother you down the road.  Consider bringing a friend along to ensure that you do not overlook any details on the vehicle.
  • If you choose to finance your purchase, HomeTown Credit Union has multiple products available to protect your new purchase and your loan! Protect Your Loans
  • Be cautious about buying more vehicle than you need. You may be able to afford that large car payment now, but will it have an effect on your ability to do things in the future such as buy a house, save for retirement or take a vacation?

Member Education Seminars

HomeTown Credit Union is pleased to host various seminars throughout the year for our members through Owatonna and Faribault Community Education. Upcoming seminars include:

 

Budgeting to Win

Understanding Credit

Stay Safe! Fraud Prevention

 

Check back for details and see more by visiting Events.

Financial Planning

Planning for your future is as simple as a click away. There are many options to help maximize your investments and prepare for your future.

Click here to learn how our financial advisor can assist you.  Appointments can be scheduled at any of our offices for your convenience.