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Passive opportunities that don’t require daily, hands-on work are usually a good fit for anyone who’s already employed. Here are a few ways you can start earning more money to pay the bills, afford a big-ticket purchase and/or save for retirement:
1) Put your savings to work.
With the Credit Union's share certificates rate at the highest it has been in quite some time, there's never been a better time to put funds parked in a share savings account into a share certificate for a dramatically higher return.
2) Invest in rental real estate on a short- or long-term basis.
Rental real estate income can help you build passive income, and the Credit Union can help you finance that investment. Short-term rentals can be advertised on Airbnb or VRBO, or you can rent your property on an annual basis to a full-time resident. The Credit Union offers a number of business loan options and have advocates ready to offer further advice.
3) Get into affiliate marketing.
Your personal blog or social media channels are good passive income opportunities. Accumulate enough followers, develop your marketing skills and you can earn commissions when people click on the ads or promotional links placed on your sites/channels by other companies.
4) Sell a course online.
Mastered an art or knowledge or a skill in high demand? You can develop a course — or a series of courses — and sell it online. Use platforms like Udemy or Thinkific to create and launch your courses.
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Your savings ascend with ladders
If you’re looking for something with the flexibility of a shorter share certificate but with the potential returns of a longer one, a share certificate ladder might be right for you.
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Simplify person-to-person payments
Check out the Credit Union's new personal payment feature, Send Money.
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Understanding the bonus dividend
Our Bonus Dividend payout reflects activity from both loan holders and depositors. This total is calculated based on dividends earned on qualifying share accounts and/or interest paid on auto loans, credit cards, mortgages, personal loans or student loans.
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Money safe
You may have heard the concept that your funds are “federally insured,” but what does it actually mean?
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Mobile banking made better
The American Airlines Credit Union team is working hard to improve in mobile banking to keep members connected to their money and financial services, both on desktop and through the mobile app (Apple and Android).
