The holiday season is right around the corner and I thought this would be a good time to offer an important piece of advice: create a budget. No, I’m not Scrooge or the Grinch. I want everyone to enjoy the holidays. What I don’t want is for anyone to suffer post-holiday blues about their spending.
Those who learn what I do and where I work will sometimes ask, “When’s a good time to buy a home?” That question is always an interesting one. They say timing is everything, but we don’t all follow the same beat. I usually respond with a question of my own, “Are you ready to?”
Ask a friend when a good time to buy a home is, and they might say, “Now!” Ask them why and they’ll probably tell you because prices are on the rise and interest rates are heading up.
Would you be surprised to know that high school students want to learn how to manage money? In a recent poll, 78% of teens surveyed felt instruction in personal finance was the most important education they needed before graduation. Yet, in most U.S. high schools, financial literacy education is minimal – if provided at all.
With the recent Equifax breach, many organizations issued reminders to monitor credit activity. In reality, it’s a good discipline to regularly monitor your credit report whether or not there’s been a publicly announced breach. You may spot names you don’t recognize, Social Security numbers that don’t belong to you, or accounts listed that aren’t yours. You may uncover you’ve been a victim of identity theft, or it may just be there are errors on your report you’ll need to dispute.
Helping members succeed is what we do at the Credit Union. In addition to providing fairly priced products and services to meet your financial needs, we believe education is a key to success. Yes, we have the nonprofit we founded – the Center for Financial Empowerment – working to educate high school youth in our local communities, but financial education doesn’t stop when high school ends. As adults, there is great benefit to additional learning.
Thank you for helping 2016 to be another successful year at the Credit Union. While living out our mandate of “People Helping People”, including those of lesser means, we were able to achieve financial success, while helping to improve the lives of our members, our team, and our communities.
Here are some of the SCE FCU financial highlights of 2016:
As the new year begins, so too quickly comes the need to file taxes. Here’s some information you may find helpful, from BALANCE Financial Fitness:
Filing Your Taxes? Get the Help You Deserve
The process of filing income tax returns is, for many Americans, not a favorite annual event. A common reason people put the task off is because they know they’ll owe money and can’t afford to pay. Yet not filing or filing late comes with some pretty big repercussions.
Many of you have shared with us in surveys, at our branches, and over the phone the features you want through online banking and on our website. We heard you...
We’re incredibly excited to introduce a new online banking experience, including a new online banking system and website launching October 18th! It will provide you with a variety of the most efficient and powerful banking tools in the industry, in a dependable, safe and secure environment.