The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. At the same time, it restricts popular estate planning strategy for individuals with significant assets in IRAs and employer-sponsored retirement plans.
Credit report errors are shockingly common, and errors can damage your credit. If you need a loan, damaged credit means you might end up paying a higher interest rate or even get declined.
![The State of Financial Wellness in America [Infographic]](https://www.sesloc.org/wp-content/uploads/2021/11/Blog-Headers-Collection-1-9-1080x675.png)
Financial wellness is a hot topic. But what is it exactly? Financial wellness is the state of your overall financial health, measured by how you’re doing in a few categories: spending, saving, borrowing, and planning.
Thinking about buying a home? A house is likely the biggest purchase you will ever make. Because of the high costs involved, saving for it takes commitment, planning, and sometimes sacrifice. And saving is about more than just having enough for a down payment. These are the factors you need to consider:
If you’ve ever wondered what a HELOC is or what you’re supposed to do with it, this article is for you. A HELOC, or Home Equity Line of Credit, leverages your home’s equity to give you more flexibility compared to other loans — you can borrow up to your maximum credit limit, when you need it, as you need it.
Keep your budget on track with your personal SESLOC Money Coach. We’re proud to offer the expertise of specially-trained Money Coaches, who can help you get control of your finances, from building emergency savings to reducing debt. Each of our coaches completed a 6-month training program to learn how to assess your financial health and provide guidance toward achieving goals.
Making a list of the pros of homeownership versus renting to see if it’s time to buy? Consider these 7 key differences:
The holidays have come and gone, and now many are left with the bill. According to a Gallup poll ahead of the shopping season, Americans planned to spend an average of $942 on holiday gifts — not including food, travel, and other celebratory activities. What’s more, less than half of Americans reported going into the holiday with a budget. That means many are likely starting off 2020 in the red.
How do you see yourself in 2020? If your vision is of a more financially savvy you, then read on. This 7-step financial action plan will give you the tools to make this year — and decade — about your financial wellness. The best part? It’s easy!
SESLOC offers 7 convenient methods to pay your consumer or business loan. Please note that payments must be received on or before the due date or late fees may apply.
For the fourteenth year in a row, readers of the New Times voted for SESLOC as their pick for Best Bank or Credit Union. Thank you to everyone who voted. We are humbled! Check out all of the winners »
Shopping for Mother’s Day gifts? SESLOC Rewards now offers more gift cards to popular retailers! You can redeem your SESLOC HomeFREE Checking™ debit card and Visa Signature® Rewards card points for a gift card to give, or to use towards that perfect gift! Check out the top 10 SESLOC Rewards for Mother’s Day.
SESLOC has been recognized as a leading credit union that consistently provides exceptional levels of member service by MemberXP, a member experience solution from CU Solutions Group.
Warm and sunny weather is on the horizon…. Thinking about making a reservation at one of our many local campgrounds to celebrate? You can redeem your SESLOC HomeFREE Checking™ debit card and Visa Signature® Rewards card points for merchandise and gift cards to outfit your next adventure! Check out the top 10 SESLOC Rewards for the great outdoors.
In January 2021, we sent out our first ever Member Pulse Survey where we asked our valued SESLOC members about their shopping trends and habits over the recent holiday season. 885 responded, revealing five key takeaways into local spending. Read up to see how you can take action to tackle holiday debt or prepare for the 2021 season: