February 2021

The More You Know: Improving Your Credit Score

Many people suffered blows to their credit scores during the unstable economy of the last few years, whether because they missed payments, exceeded credit limits, or, more seriously, experienced a home foreclosure or even bankruptcy. If your credit score drops significantly, you could likely be charged higher loan and credit card interest rates and offered lower credit limits – or perhaps be disqualified altogether. And lower scores can also lead to higher insurance rates and harm your ability to rent an apartment or get a cell phone.  Fortunately, taking these few steps will begin improving your credit score almost immediately... READ MORE

Sharing the Love

Love is in the air, and there is no better time to share the love than right now. For much of the past year, many of us have struggled with isolation, worry and fear. Couple that with health concerns for ourselves and our loved ones all while juggling working from home and possibly home schooling. It has been a lot and we are all in need of some TLC. In this season of love, let us try to remember that we are more alike than we are different and that a little kindness goes a long way! If you are looking for ways to share the love, your credit union can help! In celebration of our 40th anniversary, we are offering a $40 Refer-a-member bonus for every fellow associate or family member you refer that becomes a JMAFCU member*. So share the love of your credit union with your family and fellow JMFE associates and we will reward you! Looking for other ways to share the love? Since you are already spending so much time together at home, why not make that time extra special by spray-painting a small box in your chosen color. Together with your partner, sift through your collection of photos and other mementos from your time of dating. Throw in anything that brings up warm memories and spend the evening reliving some of your best shared moments. In addition, considering that we are still dealing with the pandemic, you could cook up a romantic dinner this Valentine’s Day instead of paying inflated restaurant prices. Use your best dishes and light some long candles to set the mood. Enjoy a lovely meal with your partner for half the price (or more!) while safe at home. Whatever you decide to do this Valentine’s Day, make sure you stay safe and share the love.

A Debt Consolidation Loan Gives You the Power to Save!

Whether you're feeling the post-holiday spending hangover or you're ready to stop sending payments in a dozen directions, a consolidation loan from JMAFCU is the kind of resolution you can keep. A clean slate is within reach with a single payment at a low interest rate.

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Second Wave of Stimulus Checks Brings More Scams

Another round of stimulus checks are already on their way. That is great news for many. Unfortunately, the bad news is that another round of stimulus check scams are underway, too. Protect yourself by learning all about these scams... READ MORE

Estate Planning: How to Avoid Potential Pitfalls

Estate planning is one of the most essential - if uncomfortable - topics to proactively discuss. While it addresses your mortality head-on, it’s the most effective way you can organize your assets for your family and beneficiaries. During this process, you must make clear decisions and work with a qualified attorney to ensure that your wishes take effect when you pass your assets to your loved ones. Your situation is unique, so a personal consultation is the best source for recommendations specific to your estate. Nevertheless, one of the most flexible options for creating your estate plan is to create a revocable trust, which this post will focus on to the exclusion of other options... READ MORE

JM Associates Federal Credit Union | 800-581-2256