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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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), [...]
Salal CU would like to remind you that the opportunity to opt in for some forms of overdraft protection is approaching. If you have a checking account with us, and you are eligible, you will receive a special stuffer with your monthly statement (or a link, if you receive your statement electronically) giving you information [...]
Mortgage rates are down again, prompting many to consider refinancing their homes. If you are in the market for a new and improved mortgage, here are some things to consider: You can save a lot of money in monthly payments and total interest. As an example, if you had an existing loan amount of $300,000 [...]
If you have a sole proprietor account with Salal, you may soon receive a letter regarding new regulations on Internet gambling. This letter is for your information, and was mailed to meet notification requirements associated with the new regulation, so there’s nothing you need to do. The Unlawful Internet Gambling Act of 2006 takes effect [...]
