//GOOD CREDIT LASTS A LIFETIME

Your credit union cares about your financial well-being. An important part of that is your credit rating. It can affect everything from a loan approval to your credit card interest rate. Here are a few tips to help you maintain good credit:

Pay your bills on time. Sounds simple, but paying your bills on time lets any current or potential creditor know that you're worth the credit risk.

Maintain a low debt-to-income ratio. To calculate your debt-to-income ratio add up your net monthly income (monthly wages, overtime, commissions or bonuses that are guaranteed; plus alimony payments). Then, add up your monthly debt obligations. Divide your total monthly debt by your total monthly income. This is your total debt-to-income ratio.

Check your credit report. Your report will inform you of any late payments, outstanding balances or any open credit accounts that you weren't aware of. You'll also see exactly what your creditors base your credit rating on.

Remember, maintaining good credit today will lead to increased financial opportunities tomorrow.