SCE FCU News

If you’re saddled with debt, you’re not alone – in 2018, the average personal debt exceeded $38,000, according to a 2018 Planning & Progress Study from Northwestern Mutual. The same study found that Americans are twice as likely to have accumulated $5,000 to $25,000 in debt rather than personal savings, and 2 in 10 consumers allocate 50 to 100% of their income toward debt repayment.

When it’s time to make an insurance claim, the more prepared you are, the more smoothly it’ll go. Be familiar not only with your policies, but also with the steps you should take to file a claim.

October is Financial Planning Month, which makes it a good time to review your financial goals.

It’s not hard to end up with an adult child on your credit card – and it can feel awkward to ask them to surrender it.

Making your child an authorized user on your credit card isn’t a bad idea – many parents do so when a teenager starts driving. It allows your teen to use our credit to make purchases before they can qualify for a card, provides a way to cover emergencies, and helps build a credit history.

What should you try to do within five years of deciding to retire?

Put these items on your to-do list.

When you’re trying to buy or sell a home, it’s important to take advantage of all the data at your disposal. “Days on Market” is an especially critical number to consider. But what does this number actually mean, and why does it matter for your real estate transaction?

Identity theft is a crime with many faces: from the thief who skims your card info at the ATM, to the hacker who assumes your persona and opens accounts in your name. Unfortunately, rectifying identity theft damage can be like untangling a wet knot. You can do it – but it’ll require patience and perseverance.

When it comes to retirement, it's all about the numbers - how much money you'll need and how much you're saving to get there. Together we can find out your retirement numbers with a five-minute calculation. With the right information, you can move ahead and plan with confidence.

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Contact us today at 800.866.6474 x2257

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When it comes to small business accounting, most people know it’s important to keep your records updated for taxes. However, there are many more benefits from small business accounting you can use to grow, improve and expand your business. Here are some of the most important account reports for your small business you should know about.

It’s been reported that Amazon and PayPal have begun to tokenize cards on file to better protect consumers’ account information. While this is a positive development in terms of fraud mitigation for online purchases, it may cause confusion for our members. We hope the following information will be helpful.