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Happy New Year from Matadors Community Credit Union!
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MCCU branches will be closed in observance of the following holidays:
- Martin Luther King Jr. Day - Monday, January 20
- Presidents Day - Monday, February 17
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5 Financial New Year’s Resolutions - And We Can Help!
Get more exercise. Lose weight. Quit smoking. People tend to commit themselves to radically changing their lives at the start of the calendar year. About 45% of people make New Year’s resolutions in the average year, and most have to do with health.
But the same line of thinking can be taken in the context of your financial health. Let’s look at some of the most oft-made New Year’s resolutions and how to translate them into personal finance resolutions. We’ll also have a few tips on how to stick to them!
Quit smoking – Give up credit cards
This is the most common New Year’s resolution, and with good reason.
Similarly addictive and no less bad for you is credit card debt. The monthly payments drain your income and the revolving door of debt keeps you from ever getting ahead. Beyond the immediate concerns, long-term credit card dependency can ruin your credit and hurt your chances of enjoying a long, happy retirement.
Make a resolution this year to lose your credit card “addiction.” Make this the year of living within your means while borrowing responsibly. Pledge to make this a debt-free year. If you’re keeping a card “for emergencies,” take it out of your wallet. Put it in a safe place and only use it in a genuine emergency. Use your MCCU
debit card
to maintain the convenience of plastic and lose the staggering interest rates. If you do need a credit card, MCCU has a
Visa Signature card
that features a low intro rate that will keep your payments low and allow you to pay off your balance faster. Keep that, and dump the rest.
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4 Benefits a Trust Account Has Over a Will
Wills and Trusts are topics that most of us prefer to avoid - but if we want to preserve our wishes and make everything easier for our families then it's something we should be talking about. Below are four benefits of having a Trust in place.
1)
More Privacy
– Wills are public documents that anyone can access. A trust, on the other hand, is a private document that’s accessible only to the trustee and their chosen designates.
2)
Preferable Tax Treatment
– Trust accounts have lower individual and estate taxes than wills.
3)
Control of Asset Distribution
– A trust allows you to pay out inheritances in smaller payments, and to condition them according to attainment of specified milestones.
4)
Ease of Use
– A trust can be set up without an attorney, without witnesses, never has to be brought to court and can’t be challenged.
With an Estate Plan you can:
- Avoid the pitfalls of using joint ownership as a way to transfer property
- Empower the right person to make decisions for you if there is a medical emergency
- Avoid probate and federal estate taxes
- Provide for minor children
- Distribute your estate according to your wishes
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Get Your Maximum Refund and Special Savings on TurboTax
Tax time doesn’t have to be stressful! With TurboTax, you’ll get your biggest possible refund fast and your taxes done right. PLUS, credit union members save up to $15 on TurboTax federal products, all through tax season.
TurboTax makes it easy to find the best solution for your unique tax situation. Simple filer? Homeowner? Independent contractor, freelancer or side-gigger? TurboTax has a product that is right for you.
File with confidence, knowing that TurboTax guarantees 100% accurate calculations and runs thousands of error checks as you go. And if you need help, TurboTax has it: from answers online anytime, to unlimited advice and a final review from a CPA or Enrolled Agent with TurboTax Live.
Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information. Limited time offer for TurboTax 2019. Discount applies to TurboTax federal products only. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries.
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There's never been a better time to switch to Sprint
MCCU members can get
up to $200 cash
when you switch to Sprint. Plus, get $100 annual loyalty reward and 25% off select accessories in Sprint stores.
You can try Sprint's improved LTE service for 30 days worry-free. Get their 100% Total Satisfaction Guarantee and see why Sprint is the right choice and will save you money.
It's easy, here's how it works:
- Switch to Sprint.
- Register your new line(s) at LoveMyCreditUnion.org/SprintRewards.
- In six to eight weeks, your cash rewards will be deposited directly into your account.
Cash Reward: Via deposit. $100/line, max 2 lines. Req. active. On eligible plan and registration at lovemycreditunion.org/sprintrewards within 30 days of active. Loyalty Reward: Via deposit. $100/yr./acct.
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Long-Time MCCU Employee Retiring After 29 Years with the Credit Union
Member Service Representative Penny Brumana is retiring after 29 years with the credit union.
Penny began her career at MCCU in 1991 when the Credit Union's headquarters were located in Northridge near the CSUN campus. Penny has held the same position the entire time she has been with MCCU.
Penny's outstanding service to members and cheerful voice answering the phone will be missed by her fellow employees and members alike.
“Penny has been a dedicated member of the MCCU team for the past 29 years. She will truly be missed by all who have had a chance to work with her and do business with her. We all wish Penny a very happy retirement!” says President and CEO Melissa Broadwell.
"I have enjoyed all of my time here at MCCU - speaking to and assisting members and working with the best staff I've ever worked with," says Penny. "I will miss every aspect of the work I've done here over the years, including our members and my fellow employees."
Penny retired on December 31, 2019. She plans to relax and enjoy her retirement.
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Matadors Community Credit Union Helps Local High School Create Game Room for Students
MCCU has been a long-time supporter of the
Child & Family Guidance Center
(CFGC) in Northridge. The credit union recently donated funds to help create a much-needed game room for students at Northpoint High School, a part of the CFGC. The official ribbon cutting and grand opening took place on Friday, November 15
th
.
Northpoint is a non-public school for students, grades 8 through 12, with emotional and/or behavioral challenges whose needs cannot be met in a public school setting. Academic instruction is combined with highly specialized services to meet each student’s unique needs. Instructional accommodations and modifications are designed to encourage the success of each student.
The game room offers the students a “safe place” where they can relax and have fun, and the kids are incentivized to get good grades and generally do well in school in order to be able to take full advantage of it. The game room has something for everyone, including basketball, ping pong, air hockey, video games, and a large connect four game. There are also hot dog and popcorn machines.
“We are so fortunate to have received the funding from Matadors Community Credit Union for our new game room. Filled with activities and games, the room is a favorite spot for our current students where they can take a break from their studies, relax, and enjoy time with their friends. The game room, also, is a highlight on tours for prospective students,” commented Dr. Kathleen Welch-Torres, Vice President of Programs at Child & Family Guidance Center.
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