The State of California has increased funding for income-eligible renters and their landlords who have been impacted by COVID-19 to cover 100% of unpaid and future rent or utilities. This increase in rental assistance payments to 100% of unpaid rent will help make landlords whole and keep tenants housed.
On August 6, 2021, the U.S. Department of Education announced an extension of the pause on federal student loan payments to January 31, 2022. The payment moratorium, currently in effect for millions of federal student loan borrowers, was set to end on September 30, 2021.
On July 13, 2021, Governor Gavin Newsom officially signed the California Golden State Stimulus II into law, directing stimulus payments up to $600, plus $500 for dependents, to approximately 78% of California residents. Payments are expected to go out by direct deposit and mail to qualified residents starting in September. Qualified residents can expect to receive their payment by the method they selected to receive their tax refund.
As we enjoy the cautious excitement of moving back to more normal operations, our ever-popular Shred Day drive-thru event happened on June 12 at the San Luis Obispo branch, and another one will pop up in the North County in the fall. We’d love to see more members choose paperless savings and loan statements so you have less to shred; electronic statements in Online Banking provide more secure recordkeeping right at your fingertips. But we’ll still offer Shred Days to help with your overall safe confidential document disposal.
On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per year. Major provisions proposed in the plan are summarized here, including some tax provisions.
There’s a new spending trend in town, and many are calling it “revenge spend.” As the COVID-19 vaccine gains momentum and restrictions ease, people are opening their wallets to make up for lost time during the lockdown.
Welcome to spring on the Central Coast! A fresh, new season brings cautious optimism regarding the pandemic as more vaccines are made available; a light at the end of the tunnel for our local businesses and communities.
On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools.
This is a good time to check in with your loan servicer to ensure you’re on a payment plan that fits your situation. Our partners at GreenPath recommend you do this soon; when loan payments resume, the government will be activating 30 million borrowers at one time, and you may find it difficult to reach your loan servicer.
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as well as some additional tax provisions.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Judy Garrett, from the Santa Maria Natural History Museum.
SESLOC Credit Union is proud to honor 18-year-old Aria Olsen as the first SESLOC Young Change Maker.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Jenny Molinar, from the Alzheimer’s Association Central Coast Chapter.
A tax on credit unions is a new tax on you. Take action today: Contact your U.S. representatives and Senators and tell them: Don’t Tax My Credit Union.
No matter where you live, credit unions play a critical role in ensuring a level playing field for everyone to achieve their financial goals.
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