business people playing tug of war for money Source: AdobeStock

Along with the usual holiday festivities, in my household December is a month for financial move-making. The tradition entails things like cashing out savings bonds that have been sitting in a safe deposit box since the ’80s, depositing all or a portion of the annually permitted $6,000 into a Roth IRA, and a lot of procrastinating and second-guessing around these things, because thinking about money can be scary, stressful and exhausting.

For my December 2022 financial move, I took a significant chunk of change out of my credit union money market account that was paying me a 0.05% dividend rate and put it into a Vanguard Federal Money Market Fund with a 7-day SEC yield of 4.32% after being alerted to the opportunity by my Dad. I made the decision based on the fact that I had an existing relationship with Vanguard, could withdraw money out of the fund at any time, and would earn enough interest by the end of 2023 to cover the majority of the cost of a trip to Europe I have planned this spring. And, at the time, my credit union had no high-yield savings offers available (to be fair, the credit union is now offering a 15-month CD at 5.00% APY).


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.