Inflation is hurting everyone’s budgets. According to US Labor Department data, the annual inflation rate for the United States is 6.5% for the 12 months ended December 2022, after a previous increase of 7.1% in 2021. This equates to higher prices everywhere.
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Assets include cash, real estate, investments, IRAs, and home equity, while liabilities cover debts like mortgages, car payments, and credit card balances.
Mercer County NJ Teachers’ Federal Credit Union is a member-owned, not-for-profit financial cooperative dedicated to providing quality financial products and services.
Decisions are made locally with you in mind, and we always put people before profits. Earnings are returned to you in the form of lower loan rates, higher interest on deposits, and lower fees.