OnPath Credit Union

OnPath Update

Things to Keep in Mind When Purchasing Your First Home

First-time homeownership is an important milestone in many people’s lives. Whether you want more space to grow a family, build wealth through equity or simply make your space your own, embarking on the journey to homeownership can be exhilarating.

To ensure the process goes smoothly and you find the right property for your unique preferences and circumstances, there are several important things to do and consider before you sign on the dotted line.

Why Choose a Federal Credit Union Over a Bank

Both banks and credit unions offer products that satisfy the financial needs of their customers. On the surface, credit unions and banks seem the same, but upon closer examination you may notice a few things that make them different.

If you’re looking for a trusted and service-oriented financial institution, consider joining the OnPath Federal Credit Union. We offer a variety of affordable personal and commercial banking products to residents of the Greater New Orleans area.

What You Need to Know About Opening a Checking Account

Checking accounts are essential financial tools for fulfilling your day-to-day spending and bill paying needs.

Not every checking account will fit your personal needs or finances, so understanding the differences between the types of checking accounts out there is critical. When choosing the account that’s right for you, take your time and consider all your options.

Share Certificates: What are they & How can they help you?

At OnPath, we understand how hard it is to save right now. That's why we're consciously introducing our promotional rates to allow you to watch your money flourish in a share certificate account. We're trying to help you earn more money, while we do all the rest of the work! 

Understanding Interest Rates for Your Car Purchase

interest rates when buying a car

Auto loan interest rates are primarily based on the borrower’s credit score and the rates the lender is willing to offer. Other factors, like the term of the loan, will impact the monthly payment. Different lenders offer varied incentives to encourage people to borrow from them instead of a competitor.

How Can I Build a Good Debt Management Plan for My Business?

debt management plan for businesses

The act of “debt management” covers a wide range of activities. If you’re a New Orleans or Louisiana small business owner concerned about your debt, you have many different avenues of debt management to pursue. These activities can include things like:

What Is the Difference Between FHA Loans and Conventional Loans?

difference between and conventional loan vs fha loan

Conventional loans come from private lenders, like credit unions and banks, and are not backed by the government. Federal Housing Administration (FHA) loans are backed and insured by the federal government.

10 Common Mistakes Made with Credit Cards

Credit card mistakes

  1. Getting a credit card without understanding the ramifications of credit card debt.

Young people are especially susceptible to this mistake. Youthful indiscretion and short sightedness are a natural part of early adulthood. Unfortunately, failing to understand the long-term ramifications of credit card debt can lead to years or even decades of financial struggles.

What's the Difference? HELOC vs. Home Equity Loan

How Financial Literacy for Underprivileged Communities Can Reduce the Wealth Gap and Improve Financial Security


Many people experience financial instability and debt problems due to avoidable mistakes. Studies consistently identify statistically significant differences between some socioeconomic groups and ethnic groups in their average long-term financial stability, ability to make ends meet and their average financial literacy.

Top 5 Reasons You Could Be Turned Down for a Credit Card


  1. Too Much Debt

If you’re carrying a lot of existing debt, some credit card companies might turn you down. More specifically, credit card issuers frequently look to see if you have more debt than credit availability. If you have multiple cards that, combined, have a credit limit of $30,000 and you have $45,000 of credit debt, creditors will be warry.

Are There Differences Between Auto Loans, RV Loans and Loans for Motorcycles and ATVs?


The main difference between recreational vehicle loans and traditional auto loans are frequently the rates and terms. From an application and functionality standpoint, auto loans and other leisure vehicle loans are similar.

Should You Pay Off a Car Loan Early?


If you have a simple interest car loan and there’s no early payment penalty, paying off a car loan can be a great way to save money in the long run by avoiding interest. That doesn’t mean paying off your auto loan early is always the best thing to do for your finances.

What’s the Difference Between a Home Equity Loan and a HELOC?

A home equity loan is a traditional lump sum loan that you can deposit into an existing account with the rest of your money. A Home Equity Line of Credit (HELOC) is essentially its own separate account, and you can spend out of it with a special debit card or checks. The HELOC is capped so you can’t withdraw or spend beyond your approved limit.

Is It Better to Get an Auto Loan Through a Credit Union or Dealership?

Dealerships spend a lot of money on advertising their auto loans. There’s a reason for that – they make a good profit on auto loans. The convenience of being able to get an auto loan from the same place you’re buying your vehicle often appeals to car buyers.

Like with most things in life, convenience isn’t free. That’s why in most cases auto loan borrowers end up getting less advantageous terms when they go through a dealership instead of their financial institution.

What Is Debt Consolidation and How Can It Help?

Debt consolidation is a debt elimination and credit repair strategy that involves replacing all of your high-interest loans, credit card debt or personal lines of credit with a single debt consolidation loan. They are especially useful for people with many loans and large balances on high-interest credit cards.

Debunking Myths and the Negative Stigma of Credit Cards

There is a significant segment of people, many of whom are well meaning, that seem to think credit cards are inherently irresponsible or inevitably lead to imprudent spending. Some of those people seem to think of credit cards as a gateway to debt.

Is Having No Credit Worse Than Having Bad Credit?

It depends on how bad your credit is, but in most cases no. Having no credit doesn’t make life easy, but it’s often preferable than having to dig yourself out of a bad credit hole.

OnPath FCU Continues Operations Amidst Hurricane Ida

OnPath Federal Credit Union's New Branch in Mandeville, LA Starts It's Construction

You asked and we listened. On July 28th, 2021, we broke ground on our new Mandeville Branch. We are excited to provide our members with a new, more personal and tech savvy branch on the Northshore. 


We know you may have questions regarding the Advance Child Tax Credit Payment and we have answers.

Get the Best Deal With These Car Buying Tips

Buying your first car is a big accomplishment and a great milestone in your life. Saving up for this huge investment may not be easy, but being able to drive around town with ease makes it worth your while. Before you rush to the nearest auto dealership, here are some car buying tips to help you get the best deal:

What to Consider When Taking Out Emergency Personal Loans

Keeping up with all of your bills is hard enough as it is and even more so if certain unexpected expenses pop up, such as a large home repair bill or a medical emergency. When faced with financial hardship, where do you turn to for the funds you need? Luckily, many lenders offer emergency personal loans across the country. Here are some tips on how you can find the loan that best fits your needs:

Credit Union Loans for Emergencies

Nobody wants to be in the red, which is why most people try their best to be diligent in managing their finances. However, an emergency expense such as a large medical or car repair bill can still take you by surprise no matter how prepared you are. Most Americans don’t have extra cash set aside to cover such a large expense in a pinch. Luckily, it is easy to apply for loans for emergencies.

Get the Best Deal When Buying Your First Car

For many people, buying a car for the first time is a huge accomplishment. Some even consider purchasing their first automobile as their initial step toward adulthood. Like most big investments, buying a vehicle needs a lot of planning.

Ideally, How Many Credit Cards Should You Have?

Credit cards are a convenient form of payment that offers various benefits. When used responsibly, it can be a powerful tool that helps you take charge of your finances, build your credit score, and increase your purchasing power.

Stay Safe By Learning How to Do Contactless Payments

contactless payments

Due to the current global health crisis, the way people shop, decide to buy, and choose to pay has drastically changed.

Benefits of Using Cashless Payment Solutions

cashless payments

Cashless shopping—it’s not just a buzzword anymore.

Teaching Kids And Teens Smart Money Habits

Think back to how you formed your financial habits. Did you learn everything you needed in school? From your parents? If you could go back and talk to your younger self, what financial pitfalls would you tell yourself to avoid? If you have children of your own, you may be wondering how and when to start teaching them smart financial habits like saving early and spending responsibly. Younger kids enjoy the process of learning and earning rewards, while teens will be motivated to learn because they are yearning for financial independence. As a parent, you can capitalize on these wants to help teach your children to build a strong financial foundation for their future. If you’re not sure where to start, here are a few activities to help.

Techniques to Help Reach Your Savings Goals

Learning to make money last for an entire month or to meet all your expenses on-time with staggered paychecks can be a challenge, especially when you are trying to save money. Here are some ways to alter your money management style and help you reach savings goals.

8 Tips to Help Eliminate Debt Starting Now

If you feel overwhelmed by your current financial situation, you’re not alone. We have some strategies you can use to help reduce your debt load and get your financial situation back on path.

What to Do Before Using a First-Time Home Buyer Mortgage

For the members of OnPath Federal Credit Union across the Greater New Orleans, getting a first-time home buyer mortgage is a breeze. Contact us to learn more.

Get a Personal Loan to Fund Your Home Improvement Project

Revamping the look and feel of your home comes with a lot of benefits. By renovating your property, you can increase its resale value, improve energy efficiency, and add to its curb appeal. However, a renovation project can cost a fortune, depending on the scale. Luckily, there are many financing options available, such as a home improvement loan.

10 Tips for the Aspiring Business Entrepreneur

Flip through the TV channels these days and you’re bound to see shows about people who have turned a hobby into a business. Whether it’s making cupcakes, being a personal organizer, or taking pictures, these jobs all became moneymakers after starting as fun activities. While you may not get your own TV show, there’s no reason why you can’t create a financially successful venture out of what you love to do.

Should You Take a Personal Loan to Pay Off Debt?

As the name suggests, debt consolidation allows you to combine multiple debts or credit card balances into a single loan.

Should You Consolidate Debt Through Balance Transfer Cards?

No one wants to be in the red when it comes to finances, yet it happens even to the best of us.

Important Information Regarding the Latest Stimulus Payment

We know you have questions regarding the third stimulus payment and we have answers to help you safely social distance and avoid potentially longer phone wait times. 

A Primer on Home Loans for First-Time Buyers

Buying a home for the first time can be daunting.

Holiday Budget Guide

Ah, the holidays. It’s a time for seasonal cheer, catching up with family, and for some—financial panic!

If you recently looked at the calendar and realized gift-buying season is closer than you thought, don’t worry. We are here to help you organize your finances by making an effective budget. Follow these steps to avoid going into debt this season: