Friday, December 20th, 2013

You’ve probably heard the news by now: as many as 40 million credit and debit card account holders may be at risk of fraud after a major data breach occurred at Target stores across the US. Members who have been impacted by the breach have already been notified by mail, and replacement cards have been ordered. […]

The Benefits of Financial Counseling

Wednesday, October 16th, 2013

Salal Credit Union partners with the financial counseling program BALANCE to provide complimentary financial advice, resources, and education to our members. We’ve known for years that our members who use BALANCE profit (if you’ll pardon the pun) from the assistance they receive. BALANCE worked with Experian to “review the changes in credit and financial standing […]

Understanding the Tax Exemption

Thursday, July 11th, 2013

You may have heard about a recent push by some large banks and bank lobbying groups to pressure Congress to end credit unions’ exemption from federal taxes. Bankers and their lobbyists in favor of cancelling the exemption claim it gives credit unions an unfair competitive advantage. Credit unions and many independent financial experts favor preserving […]

Quick Fixes for Your Finances

Friday, September 21st, 2012

Set up a monthly automatic transfer from your checking to your savings or Premium Plus Money Market. Studies show those of us who transfer money immediately and automatically are likely to save more. You can do this easily with Salal’s Online Banking. Establish alerts on your accounts to help you avoid paying late fees or […]

Relief for Underwater Homeowners

Monday, March 5th, 2012

Many homeowners would like to take advantage of the historically low mortgage loan rates we’ve been seeing in recent months, but they’ve been unable to because their homes are now “underwater”—their homes are worth less than the amount they still owe. The government has instituted an enhancement to its current assistance program to allow these […]

Scam Alerts from Forbes

Tuesday, February 21st, 2012

Forbes‘ Kelly Phillips Erb (@taxgirl, for you Twitter-types) has written an article on the IRS’s annual “Dirty Dozen” tax scams for 2012. Get informed and protect yourself! Not surprisingly, Identity Theft tops the list. (Now is perhaps a good time to remind you about Salal’s Shredables and Edibles FREE annual Shredathon, April 28). According to […]

Protecting Vulnerable Elders

Thursday, June 30th, 2011

According to the Elder Financial Protection Network, roughly $2.6 billion is stolen from seniors every year. Elders often must rely on friends and family to help with financial matters: investments, paying bills, tracking spending, etc. While in most cases this works well, financial abuse of elders is on the rise. Often the perpetrator is someone […]

Your Money: Seeing Clearly with Debt in Focus

Wednesday, February 9th, 2011

Could you use a “snapshot” of your financial situation? Many of us believe we have a pretty good handle on where we are, money-wise. However, stress, denial, life changes and plain old disorganization can cause many of us to have unrealistic views of our economic health. Salal Credit Union has a tool that makes it […]

Time for a Financial Health Check Up

Monday, December 27th, 2010

Once a year, you take the time to get a thorough physical. You check your blood pressure and your heart rate, someone listens to your lungs and checks your cholesterol levels. Once or twice a year, you go to the dentist for a full set of tooth x-rays, checking to be sure that any problems […]

Even Better BALANCE

Thursday, October 28th, 2010

You’ve likely read in previous Salal newsletters about BALANCE, the free, confidential, financial consulting service Salal CU offers through a partnership with BALANCE Financial Fitness. Our members are welcome to take advantage of all of BALANCE’s services, including money management counseling, debt management, identity theft solutions, a credit report review (using your actual credit report), […]