Offering personal lending and financial services to CPS Energy® employees and their families since 1938

Federal Credit Union San Antonio | IBEW Credit Union | CPS Credit Union


Happy New Year! Did you make a resolution? Maybe this is the year you want to pay off debt. Or perhaps you’d like to travel more. Maybe you’re itching to retire. Many resolutions involve finances, but it’s not too late to get organized. We all work hard for our money and there’s no time like the present to start saving more of that hard-earned money to achieve your goals.

Many experts will tell you that the key to savings is to consider what you can do on a daily, monthly, and long-term basis that will contribute to your bottom line. One way to do this is to follow a 50/30/20 budget in which you spend roughly 50% of your after-tax dollars on necessities, 30% (or less) on wants, and at least 20% on savings and debt repayment.

That last portion—savings and debt repayment—is truly the key. Most Americans aren’t saving enough money for retirement and don’t have an emergency fund while at least one-third also live beyond their means and have serious debt.

CPS IBEW FCU can help you overcome these challenges and accomplish your financial resolutions with tools that make saving as easy as possible. Some members choose to set up separate savings accounts for travel, school and other big expenses so they know exactly how much they’re saving toward each goal. Whether you choose to save with multiple accounts or just one or two, consider these options:

Automatic savings

Our CPS IBEW employee members have the option to automatically put a portion of your paycheck into a Credit Union savings or checking account through payroll deductions. Other members can set up direct deposit through the Credit Union to also automatically set aside money every month to help achieve your goals.

Certificates of deposits (CDs)

If you’re the type of person who tends to dip into savings often, consider putting long-term savings into CDs. These accounts have flexible terms ranging from 6 to 24 months and will pay dividends (so your money can grow). With penalties assessed for early withdrawal, you’re less likely to touch them until you should.

Low interest credit cards

Debt on high-interest rate credit cards can sabotage your financial goals. Consider transferring those balances to credit cards with low APRs and no annual fee through your Credit Union.  Click here to calculate how quickly you can pay off your balance.

Cost-effective loans

When you do need a loan, consider one with the lowest interest rate possible in order to keep your budget on track. There are plenty of options through your Credit Union, including mortgage and auto loans, personal loans, home improvement loans, fast cash loans, recreational vehicle loans, and holiday loans.

Whatever your resolution is this year, if it involves saving money, our easy tools and services can help you achieve your dream goals and make managing your money easier than ever.

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