Tax season is here, and many families are expecting a refund. Before you make spending plans, consider this: your tax refund could be one of the most powerful tools you have to reset your finances this year.

At The Family Credit Union (TFCU), we encourage members to think strategically — especially when it comes to depositing that refund and paying down debt.

Start With a Smart Deposit Plan

The fastest and safest way to receive your refund is through direct deposit into your TFCU account. Direct deposit gives you quicker access to your money and keeps your funds secure.

Once it hits your account, pause before spending. A plan for your refund can make a lasting difference.

Use Your Refund to Pay Down Debt

If you’re carrying balances, your refund can help you save money and reduce financial stress.

Pay Off High-Interest Debt First

Apply your refund to credit cards or loans with the highest interest rates. This reduces how much you pay in interest over time.

Knock Out a Small Balance

Prefer a quick win? Paying off a smaller balance can free up a monthly payment and build momentum.

Make a Lump-Sum Payment

Use your refund to:

• Reduce credit card balances
• Pay down auto loans
• Catch up on overdue payments

Lower balances can improve your credit score and free up monthly cash flow.

Consider Debt Consolidation

If your refund doesn’t fully eliminate your balances, you may want to 

combine it with a lower-rate personal loan from TFCU. Consolidating high-interest debt into one manageable payment can:

• Simplify your finances
• Potentially lower your interest rate
• Give you a clear payoff timeline

Don’t Forget an Emergency Cushion

If your debt is under control, consider splitting your refund — put part toward debt and part into savings. Even a small emergency fund can prevent future reliance on credit cards.

File and Save on Tax Prep

TFCU members can also take advantage of exclusive savings on tax preparation:

• Save 20% on TurboTax®, whether filing yourself or with expert help
• Save up to $25 on in-office services from H&R Block

Using trusted tools and professionals can help you maximize your refund and file with confidence.

Make This Tax Season Count

Tax season isn’t just about filing — it’s about opportunity.

A direct-deposited refund combined with a smart payoff strategy can reduce debt, improve cash flow, and move you closer to financial freedom.

Visit The Family Credit Union to explore tools and options that help your refund work harder for you.

This year, don’t just spend your tax refund — use it to strengthen your financial future.

Retail and department store credit cards can be tempting. Many offer instant discounts at checkout, special financing, or exclusive rewards. Cards from places like Old Navy, Kohl’s, Target, and other retail stores are easy to open—but they often come with high interest rates that make balances hard to pay down.

If you’re carrying balances on one or more store credit cards or retail credit cards, a 0% credit card balance transfer could be a smart way to regain control of your finances.

Why Store Credit Cards Can Become Costly

Store credit cards typically have:

• Higher interest rates than traditional credit cards

• Limited usability (only usable at one retailer)

• Smaller balances that add up across multiple cards

Even modest balances can grow quickly when interest is applied month after month. That’s where a balance transfer can make a difference.

What Is a 0% Balance Transfer?

A balance transfer allows you to move debt from high-interest credit cards—like department store or retail cards—onto a lower-rate credit card.

That means:

• Less money wasted on interest

• Faster payoff timelines

• Simplified monthly payments

  

Transferring Store Credit Cards Is Often Overlooked

Many people don’t realize you can transfer balances from store credit cards—not just major bank credit cards. Balances from retailers like Kohl’s, Old Navy, or other department stores are often eligible for transfer, helping consolidate multiple payments into one manageable account.

The Family Credit Union Credit Card Options That Can Help

The Family Credit Union offers several credit card options designed to support different financial goals:

MasterCard® Rewards Credit Card

• 1% cash back on qualifying purchases

• 2% cash back on grocery purchases

• No annual fee

• Competitive interest rates as low as 12.90% APR

• No balance transfer fees

MasterCard® Basic Credit Card

• Low fixed interest rates as low as 9.90% APR

• No annual fee

• 25-day grace period

• No balance transfer fees

Share Secured Credit Card

• Ideal for building or rebuilding credit

• Designed to establish a positive credit history

• Re-evaluated after one year

With no balance transfer fees and lower rates than most retail credit cards, these options can be a powerful tool when consolidating debt.

One Card. One Payment. Less Stress.

By moving multiple store credit card balances into one account, you can:

• Reduce interest costs

• Track payments more easily

• Focus on long-term financial progress

Plus, TFCU cardholders benefit from local service, fraud alerts, and convenient account access through online and mobile banking.

Ready to Explore a Balance Transfer?

If you’re juggling balances from retail or department store credit cards, now may be a great time to explore your options. A balance transfer could help you save money, simplify payments, and move closer to your financial goals.

Find a nearby credit union branch to learn more about credit card options at The Family Credit Union.

The Family Credit Union (TFCU) is proud to support students in the Quad Cities (Davenport, Bettendorf, Silvis), Perry, Muscatine, Beardstown, and Omaha areas with local scholarships designed to help further education and personal growth. Scholarships are more than just financial aid—they can help reduce student debt, recognize your hard work, and open doors to new opportunities. Whether you’re attending the University of Iowa or another accredited college, The Family Credit Union offers several ways to help you succeed.

Why Apply for TFCU Scholarships?

Applying for a scholarship can provide:

• Financial support to help cover tuition, books, and other school expenses.

• Recognition for your achievements in academics, extracurricular activities, and community involvement.

• Opportunities to build your resume and stand out in future college or job applications.

• Motivation and confidence to pursue your educational and career goals.

Scholarship Opportunities

• Keith Ruefer Memorial Scholarship – $1,000 for a TFCU member or family member attending the University of Iowa. Applications due in April, awards will be dispersed by June 1st.

• Kevin Post Memorial Scholarship – $1,000 for a member or family member attending any accredited college or university. Applications due in April, awarded in awards will be dispersed by June 1st.

• Family Hispanic Scholarship – $1,000 for TFCU members or family members of Hispanic heritage attending an accredited college or university. Applications due in April, awarded in awards will be dispersed by June 1st.

• Warren A. Morrow Memorial Scholarship – Sponsored by the Iowa Credit Union Foundation, this scholarship encourages high school seniors and post-high school students to learn about credit unions and prepare for their financial futures. Applicants submit an essay on how teamwork or collaboration has helped achieve a goal. 16 possible scholarships totaling $46,000 are awarded annually. Deadline: February 6, 2026. Applications: Iowa Credit Union Foundation/Scholarsavvy.com. Spanish resources are available.

By applying for The Family Credit Union scholarships, students not only gain financial support, but they also engage with the values of community, education, and personal growth. These opportunities make higher education more accessible while rewarding students for their hard work and dedication. Find a nearby credit union branch today!

If you’ve ever asked yourself, “What’s the difference between a credit union and a bank?” you’re not alone. While both offer many of the same services—like checking accounts, loans, and online banking—the way they operate and who they’re designed to benefit are very different.

At your local The Family Credit Union (TFCU) branch, those differences matter. Understanding how credit unions work can help you choose a financial institution that truly supports your goals.

Member-Owned vs. Profit-Driven

One of the biggest differences between a credit union and a bank comes down to ownership. Banks are for-profit businesses owned by shareholders. Credit unions are not-for-profit and owned by their members. When you join a credit union, you’re not just opening an account—you’re becoming part owner of the institution.

Because of this structure, credit unions like TFCU are able to reinvest earnings back into the membership instead of paying shareholders. That often translates into better loan rates, stronger savings returns, and fewer fees, all designed to benefit the people who use the credit union every day.

A Commitment to Community

Credit unions are deeply connected to the communities they serve. Rather than operating from a national or global profit model, they focus on local impact. At TFCU, that means supporting our community through scholarships, local donations, educational initiatives, and partnerships that make a difference close to home.

When you bank with a credit union, your money stays local—helping strengthen the community you live and work in.

Better Value for Your Money

Because credit unions operate as not-for-profit institutions, they’re often able to offer more competitive rates. Members frequently benefit from lower interest rates on loans and higher dividends on savings compared to traditional banks. Over time, those differences can add up, helping you save money and grow your finances more efficiently.

Whether you’re financing a vehicle, purchasing a home, or building your savings, credit unions are structured to work in your favor.

Personalized Service That Puts You First

Another key difference is the level of personal service. Credit unions are known for building relationships, not just processing transactions. At TFCU, members receive personalized guidance based on their individual needs and goals.

Instead of being treated like an account number, you’re supported by a team that takes the time to understand your financial picture and help you make confident decisions—today and in the future.

More Than Just Checking and Savings

A common misconception is that credit unions offer fewer services than banks. In reality, TFCU provides a full range of financial solutions, from everyday checking and savings to loans, credit cards, mortgages, retirement planning, and retirement and trust services. Members also enjoy modern digital banking tools, mobile access, and convenient ATM services.

You get the convenience you expect from a financial institution, paired with the care and flexibility of a member-focused organization.

Why Many People Choose Credit Unions

The difference between a credit union and a bank ultimately comes down to priorities. Credit unions are designed to serve people.

At The Family Credit Union, our mission is to support our members’ financial well-being while strengthening the community we share. When you choose a credit union, you’re choosing a financial partner that puts people over profits—every time.

At The Family Credit Union (TFCU), we’re committed to helping our members build financial confidence at every stage of life. That’s why we’re proud to partner with First Community Trust (FCT).

Whether you’re planning for retirement, investing for long-term growth, or preparing your estate, FCT provides expert guidance backed by decades of experience and professional credentials. Together, TFCU and FCT deliver accessible, personalized financial planning that supports your goals today and your legacy tomorrow.

Wealth Management for Every Stage of Life

FCT offers a full range of financial services designed to help you manage, protect, and grow your assets with confidence:

Investment Management

Your portfolio manager will work directly with you—building an investment strategy that aligns with your goals, risk tolerance, and long-term plans. FCT’s active involvement means you’ll always have access to knowledgeable support and a clear understanding of your investments.

Retirement Planning

Whether retirement is near or decades away, FCT helps you create a roadmap for a comfortable future. Their holistic approach ensures every piece of your plan works together—from savings strategies to distribution planning.

401(k) Rollovers & IRA Transfers

If you’ve recently changed jobs or want more control over your retirement funds, FCT can help you roll over your 401(k) or transfer an IRA. Members benefit from:

• Greater investment flexibility

• Easy access to your account

Financial Planning

FCT’s financial planning process takes your entire financial picture into account. They help you:

• Establish personalized goals

• Identify opportunities for growth

• Build a comprehensive, long-term financial plan

Estate & Trust Planning

FCT’s experienced trust professionals help you navigate one of the most important (and often overwhelming) parts of financial wellness. Their goal is simple: provide peace of mind for you and clarity for your loved ones.

Why This Partnership Matters for TFCU Members

By teaming up with First Community Trust, TFCU can offer a higher level of financial expertise right where members already feel at home. You get:

• Local access to highly trained trust and investment professionals

• Personalized guidance based on your goals—not sales quotas

• A long-term partnership focused on building financial stability and confidence

No matter where you’re starting, TFCU and FCT are here to support your financial journey—from simple savings goals to complex estate planning.

Get Started Today

Curious about your financial options? Schedule a conversation to discuss your goals and see how First Community Trust can help you grow, protect, and manage your financial future.

Your goals matter—and with The Family Credit Union and FCT collaborating, you have a team focused on helping you achieve them. Visit your local credit union today for more information!

Every year, on the third Thursday of October, credit unions around the world celebrate International Credit Union (ICU) Day—a day to honor the spirit of the global credit union movement, reflect on its history, and recognize the people who make it possible: our members. This year, ICU Day falls on October 16, and at The Family Credit Union (TFCU), we’re proud to celebrate our members in the Quad Cities, Perry, Muscatine, Beardstown, and Omaha.

The Credit Union Difference

Credit unions are unique. Unlike traditional banks, credit unions are member-owned cooperatives, meaning every decision is made with members’ best interests in mind. Being a member isn’t just about accounts and loans—it’s about community, trust, and financial wellness.

At TFCU, we offer a full range of financial products to support your goals, including:

• Auto, boat, motorcycle, and RV loans with competitive rates

• Home loans and refinancing with local processing

• Personal, signature or student loans to help you manage life’s expenses

• Savings and checking accounts, including programs designed for kids and young adults

• Financial coaching and educational tools to help you build credit, save for the future, and plan for emergencies

Celebrate With Us!

ICU Day is a perfect time to reflect on how far credit unions have come and how much they empower members. It’s also a great time to experience the credit union difference yourself. Whether you’re opening your first account, financing a vehicle, or planning for retirement, TFCU is here to help every step of the way.

Visit one of our Family Credit Union branches today and discover how membership means more than just banking—it’s being part of a community that cares.

As summer winds down and the excitement of a new school year builds, so can the pressure of back-to-school expenses. From school supplies and new clothes to tech gear and activity fees, these costs can quickly add up—especially for families with multiple school-age children. That’s where a back-to-school personal loan from The Family Credit Union (TFCU) can make a real difference.

Rather than scrambling to cover costs or relying on high-interest credit cards, families can take advantage of a budget-friendly, flexible solution designed to ease the seasonal strain and support a successful academic start.

Affordable Financing with Member-Friendly Rates

Getting a back-to-school loan from The Family Credit Union has the advantage of lower interest rates than traditional banks or alternative lenders. TFCU is member-owned and operated, meaning we prioritize the financial well-being of our members rather than maximizing profits. This translates to lower interest rates on loans, ensuring that families can borrow the funds they need without falling into a high-interest debt trap.

Flexible Loan Terms to Fit Your Life

Every household manages money differently. That’s why we offer customizable loan terms that are built around your financial situation. Whether you want to pay off your loan quickly or prefer smaller payments stretched over a longer term, we’ll help you choose a plan that keeps you in control.

No Hidden Fees

Unlike some traditional lenders that may surprise borrowers with hidden fees and charges, credit unions are known for transparency. When you opt for a back-to-school loan from a credit union, you can expect straightforward terms and a clear understanding of any associated costs. This transparency helps you make informed financial decisions and avoid any unpleasant surprises down the road.

Personalized Service

At TFCU, we take pride in delivering a personalized banking experience to our members. Expect personalized service and understanding when applying for a back-to-school loan. Our staff is  accessible and willing to guide you through the application process, making the experience smoother and more reassuring.

Back to School Loans Build Credit

A back-to-school loan isn’t just about covering today’s expenses—it’s also a great way to establish or strengthen your credit. For students and young adults, making on-time payments can help build a healthy credit history, opening the door to better financial opportunities in the future.

Prioritizing Education

Helping our members make smart financial choices is central to our mission. Alongside loan options, TFCU provides ongoing financial education, from budgeting tools and workshops to one-on-one support. We want our members to succeed not just during the back-to-school season, but throughout every stage of life.

A Smarter Start to the School Year

Whether you’re buying backpacks and notebooks, updating school wardrobes, or covering tech and tuition fees, a Back-to-School Loan from The Family Credit Union can help you manage costs without sacrificing your budget or peace of mind.

Let us help make this school year a little easier—and your financial future a lot stronger.

👉 Apply online today or find a local branch near you to speak with a loan specialist and get started.

When you walk through the doors of our Rockingham branch in Davenport, IA, you’re stepping into more than just a credit union—you’re stepping into the foundation of The Family Credit Union (TFCU).

Located at 1400 Rockingham Road in Davenport, this branch holds a special place in our hearts. It’s not only our original location, but also where our mission began back in the 1970s. What started as a small but powerful idea to support local families with trusted financial services has grown into the strong, community-centered credit union we are today.

A Branch Full of History—and Heart

The Rockingham branch has been a steady presence on the west side of Davenport. From its early days serving hardworking families to today’s modern banking experience, this location has continued to evolve while staying true to its roots. It’s a place where generations have opened their first accounts, applied for their first car loans, and worked toward brighter financial futures—together.

Many of our longtime members still fondly remember starting their banking journey at Rockingham, and we’re proud to continue offering the same personalized service, friendly faces, and local support.

Why Rockingham Matters

• It’s the founding branch – the original home of The Family Credit Union

• Decades of service – helping members since the 1970s

• Still serving strong – offering the same services as our other locations with the same welcoming, community-first approach

Whether you’ve banked with us for decades or are brand new to the credit union family, our Rockingham branch is here for you. From checking and savings accounts to auto loans, home equity options, and financial coaching—we’re proud to offer services that make a real difference in people’s lives.

Visit Us Today

Stop by the Rockingham branch to say hello, open an account, or talk with one of our team members about your financial goals. We’re honored to be part of your community—and your journey.

The Family Credit Union – Rockingham Branch
1400 Rockingham Rd
Davenport, IA 52802

Summer is all about FUN! Fun in the sun, fun educational events for kids, and more! The Family Credit Union would like to help you get to know our Summer Fun Partners: The Quad Cities Botanical Center, The Family Museum, The Putnam Museum, and Moline Parks & Bass Street Landing. Get the family ready for some exciting events this summer!

Don’t forget—Discount Mondays are part of the fun too! Enjoy great deals while exploring exciting events with the whole family this summer!

TFCU’s Summer Fun Parters

The Family Museum

The Quad Cities Botanical Center

The Quad Cities Botanical Center in Rock Island, Illinois, offers several highlights that make it a notable destination for plant enthusiasts and visitors of all ages. Here are some of the key attractions:

1. Sun Garden Conservatory

The Sun Garden Conservatory is a highlight with its tropical rainforest environment. It features a wide variety of exotic plants, including banana trees, orchids, and palms. The conservatory also has a koi pond and a small waterfall, creating a tranquil and lush atmosphere.

2. Outdoor Gardens

The outdoor gardens showcase a variety of themed areas:

• Children’s Garden: This interactive garden is designed for kids to explore and learn about plants. It includes a water feature, sand play area, and numerous plantings.
• Butterfly Garden: This garden attracts butterflies with its diverse range of nectar plants. It provides a colorful and vibrant environment for visitors to enjoy.
• Rose Garden: Featuring a variety of rose species, this garden offers a fragrant and visually stunning display.
• Hummingbird Garden: Specially designed to attract hummingbirds, this garden is filled with tubular flowers that these birds love.

3. Educational Programs

The Botanical Center offers various educational programs and workshops for both children and adults. These programs cover topics such as gardening techniques, plant biology, and environmental conservation.

With these attractions and so much more, the Quad Cities Botanical Center is a great stop for you and your family this summer. We are pleased they are one of our Summer Fun partners. Mondays this summer you can enjoy $5.00 admission!

Held April 17th at the Davenport Elks Club – New Beginnings

The 89th TFCU Annual Meeting was held on April 17th^th, 2024, at the Elk’s Club. The 75 guests enjoyed a Ganzo’s taco bar and refreshments and the theme, New Beginnings, reflected the announcement of our new President and CEO, Mike Brandt.

Getting to know our new CEO can be found here.

The annual reports and ballot can be found here along with the biographies of the board members that were all re-elected.

Re-elected to the Board by unanimous vote are two incumbents:

Jim Bickford

Donald Schnauber

Randy Olsen was also elected to replace outgoing board member Dave Nichols.

Thank you to all who attended our Annual Meeting 2024. We look forward to a great 2025 with all our wonderful members in the next year when we will be celebrating our 90^th year.

Contact us today about our contactless financial solutions or about loans, retirement planning, college programs, and more.