Money Matters
Your Credit Union Newsletter
SUMMARY New name: FIG Credit Union, with a new logo on the way. Upgraded digital banking platform is coming soon…Continue Reading
You just bought a house. Or refinanced. Or took out a home equity line. And a week later, a postcard shows up in your mailbox that looks official. It may even appear to reference your lender or loan servicer. It says something like “ACTION REQUIRED” or “Your loan servicing has changed.” It has your loan amount. Sometimes your closing date. It feels real, because it includes information that may be available from public records or other sources. Read more.
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A 401(k) plan is a powerful tool for retirement savings, offering tax advantages and employer contributions. However, life’s financial demands may tempt you to consider withdrawing money from your 401(k) accounts. Hardship distributions may be available for certain immediate and significant financial needs, subject to your employer’s retirement plan provisions and applicable IRS rules. Please note that, according to the IRS, you are limited to a hardship distribution in the amount necessary to satisfy that financial need. Read more.
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Planning for retirement can feel overwhelming, but it becomes much easier when you break it into small, manageable steps. Whether retirement is decades away or getting closer, taking one focused action each week can help you build a stronger foundation for the future you want. Read more.
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A new friend request. A message from someone who seems familiar. A party invitation. A professional-looking profile offering advice. A romantic connection that feels genuine. Read more.
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A K-shaped economy can feel confusing because two things can be true at once: some households are moving ahead, while others are falling behind. In a K-shaped recovery, different parts of the economy move in opposite directions, often based on income, job stability, debt levels, savings, and access to assets like home equity or investments. Read more.
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One of the most meaningful parts of my role is connecting with members at community events, in our branches, and through conversations with our Farmers family. Read more.
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Every year, some insurance agencies seem to take off.
They add producers, open new locations, acquire books of business, invest in marketing, and expand their operations, while others remain stuck trying to maintain the status quo. Read more.
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When unexpected financial challenges arise, such as job loss, reduced income, or rising expenses, it’s important to take a step back and focus on what matters most. Taking a structured, thoughtful approach can help you stabilize your situation, protect your credit, and regain control of your finances. Read more.
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If you’re single and are considering buying a home, you’re not alone. According to a Pew Research Center survey, nearly 30 percent of home buyers are single (women make up 19 percent of buyers; men 10 percent).* Buying a home on your own may seem challenging, but it’s more achievable than many people think. Read more.
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