Financial success starts with a solid foundation. Get started today by learning about budgeting and financial basics.
Tax season is here again. e-Filing your return is convenient, secure, and allows your payment to process or refund to be deposited quicker than when filing by mail. Instructions for finding your SESLOC account information for withdrawal or deposit are below, as well as information on how to set up a custom alert to notify you when the IRS processes it.
The recent emergency approval and distribution of the COVID-19 vaccines have provided much-needed hope throughout the world. While drug companies, government, and healthcare organizations rush to get the masses vaccinated, unfortunately, but not surprisingly a new threat has developed – COVID-19 related scams.
First, let’s clear up a common misconception about credit scores. It’s often thought that you have just one singular score, or one for each of the three credit bureaus. The truth is that you actually have many credit scores. This is due to a number of factors:
The Criminal Investigation (CI) unit is a special criminal division of the IRS. The CI is tasked with investigating and uncovering tax-related crimes and prosecuting these cases. Each year the CI provides the IRS an annual report detailing the work of the CI and highlighting their successes and enforcements related to tax and financial crimes.
Saving money can often be a challenge—especially during times of financial uncertainty. As humans, we’re wired to take care of our needs now, and worry about later… well, later.
Ultimately, an employer is offering a good insurance benefit package if it’s one that appeals to you and meets your needs. But here are some specific things you might look for.
During our recent webinar presentation, Money Management in Turbulent Times, we asked our attendees to collaborate and share their top tips for cutting costs. Cutting costs is an important strategy for stretching your budget so you can pay your debt down faster or hit your savings goals quicker.
There are many misconceptions about how marginal tax brackets work and how they impact your federal tax return. This is what you need to know:For the 2020 tax year (to be filed by in 2021), the IRS set marginal rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate depends on your filing status (single, married filing jointly, married filing separately, or head of household) as well as your taxable income.
In today’s world it is more important than ever to focus on the things that we can control to better safeguard our financial future. It’s easy to get complacent, lulled into a false sense of security, when there are many other more urgent things to think about.
Sweetheart scams, also known as romance scams, are becoming increasingly common as people seek out connections online. The FTC reports that Americans lost over $209 million to sweetheart scams in 2019 — which is 40% more than reported the previous year.
We want to share with you how SESLOC and other credit unions stand out as a reliable and secure option for consumers and small businesses in our local communities.
We partner with GreenPath Financial Wellness to offer unbiased, empathetic, one-on-one financial advisement to our members. GreenPath’s certified credit counselors offer free assistance with budgeting, general financial wellness, debt counseling, foreclosure prevention and support, and student loan payment. GreenPath also offers a Debt Management Program where they negotiate with creditors on behalf of members enrolled in the program to reduce interest rates and help them repay debts faster. In 2021, GreenPath’s certified counselors assisted 8 SESLOC members with a combined $161,488 in debt pay off $55,656 through the program — that’s a reduction of outstanding debt by 34% in under a year!
SESLOC members are saving — and winning! Since the program launched, more than $20,000 in prizes have been awarded.
What are your savings goals? Whether you’re trying to boost your emergency fund or get ready for a summer vacation, we have some tips to help you reach your goals: 1. Change it Up Who says you can’t save and spend? Enroll in SESLOC’s new Change it...
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