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Coronavirus Legislation and Your Retirement Funds
While it may be unpleasant to think about your 401(k) or IRA right now, you should know about changes COVID-19-related legislation has made to rules regarding tax-advantaged retirement accounts.
Start Early On College Saving
College costs can be more than a little painful, but with the proper financial planning, you could be whistling your child’s college fight song all the way to the bank.
FREEdom to travel with Shared Branching
Vacation is in the air. You can almost smell the saltwater and hear the crashing of the waves if you try hard enough. For those of you ready to trade in your snow shovel for a sand shovel, don’t worry; we have you covered.
Fund the Lifestyle You Love with MACU Lifestyle Loans
Whether you are looking to make a big purchase or a lifetime of memories, we can help! With Lifestyle Loans from MACU, you can get the extra money you need for a vacation, wedding, dental treatment, or even pet care with flexible terms and a competitive interest rate. And, with no penalty for early payoff, you are in the driver’s seat.
Community-wide FREE Shred Day
MACU’s FREE Shred Day is on the books for Saturday, June 20. Shredding sensitive documents helps prevent identity theft. Do your part to protect your identity by bringing your documents to the Ohio Street branch on June 20 to be professionally disposed of.
Shredding is easy with MACU. Simply pull up to the shred truck, and MACU team members will be available to take your documents to the shredder. Shred Day is open to the community.
Meet Brad Werner
Whether it’s retirement, college for your children, a vacation home, or financial peace of mind, we can help you chart a course for the future you are dreaming of through our Investment Services partner, Brad Werner.
Scholarship Winners Announced
Choosing scholarship winners is always an exciting yet difficult process. With so many deserving candidates, choosing the winners is not an easy task. However, after much deliberation, we are proud to announce the winners of MACU’s Scholarships for 2020.
MACU Offers Employees the Opportunity to Give Back
As a community credit union, one of our core values is giving back to the community. That’s why we instituted a time-off policy that allows our team members to take time off to volunteer. Not only does this allow us to give back to our community, but it also helps our team remember our mission to serve our community.
Coronavirus: Scammers follow the headlines
"Scammers are taking advantage of fears surrounding the Coronavirus. They're setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information.
The emails and posts may be promoting awareness and prevention tips, and fake information about cases in your neighborhood. They also may be asking you to donate to victims, offering advice on unproven treatments, or contain malicious email attachments."
By Colleen Tressler
Consumer Education Specialist, FTC
Avoid Coronavirus Scams
"Scammers are taking advantage of fears surrounding the Coronavirus.
What the FTC is Doing
The FTC and FDA have jointly issued warning letters to seven sellers of unapproved and misbranded products, claiming they can treat or prevent the Coronavirus. The companies’ products include teas, essential oils, and colloidal silver.
The FTC says the companies have no evidence to back up their claims — as required by law. The FDA says there are no approved vaccines, drugs or investigational products currently available to treat or prevent the virus. Read more about the warning letters.
Avoid Coronavirus Scams
Here are some tips to help you keep the scammers at bay:
- Don’t click on links from sources you don’t know. They could download viruses onto your computer or device.
- Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying they have information about the virus. For the most up-to-date information about the Coronavirus, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO)."
credit: Federal Trade Commission
https://www.consumer.ftc.gov/features/coronavirus-scams-what-ftc-doing
