Personal loans are among the most common and versatile loans that people apply for. They can be used for many different purposes, interest rates are fixed, and they can be obtained without collateral. Also, if you are approved for a personal loan, funds are usually […]
View moreCan You Refinance a Personal Loan?
Refinancing refers to taking out a new loan to replace an existing loan. You may have heard about people refinancing their mortgages, for example, to get a better deal when interest rates go down. But, what about other types of loans? Can you refinance a […]
View more5 Debt Payoff Strategies That Work
Carrying a lot of debt can really hold you back in life. If you try to apply for a mortgage, for example, you may be denied if you already have an expensive car payment, a student loan, and significant credit card debt. Being deep in […]
View moreWhat Can You Use a Personal Loan For?
Many people have an occasional need to borrow money to use for an unexpected car repair, medical treatment, home remodeling project, or something else. To fund these expenses, they often turn to credit cards, which have high interest rates. Although credit cards are convenient, there […]
View morePersonal Loan vs. Personal Line of Credit
When you need access to a large amount of money rather quickly, there are a few different options available, including personal loans and personal lines of credit. Both offer consumers access to funds that can be used for almost any purpose, including financing a trip, […]
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Personal Loans vs. Credit Cards
If you need to borrow money to make a major purchase, should you apply for a credit card? Or is a personal loan the better option? If you ask a credit union rep, they’ll say the answer depends on several factors, including interest rates, the […]
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TEG to Award Three $1,000 Scholarships
Complete and return the 2018 scholarship application by April 2nd for your chance to win the TEG Joyce A. Betros Scholarship.
View moreLocal Reviews Can Help Your Business Rank Higher In Local SEO
Written by Karina Tama-Rutigliano Many facets go into a marketing strategy, and that’s what makes it so interesting. Marketers need to think about who their clients are and what their online search and shopping habits are. They also have to keep a keen eye on […]
View moreHow Family Business Owners Should Bring the Next Generation into the Company
Written by Sam Bruehl & Rob Lachenauer “Go find your passion,’’ Henry directed his children when they reached their late teens and early twenties. “Find your interests outside our family business and pursue them.’’ As inspiring as those words may have been, Henry, the patriarch […]
View moreYou don’t have to be wealthy to put this estate plan into place
Written by Darla Mercado Rich people aren’t the only ones who need a will. Without this legal document your state’s laws will govern how your assets are distributed. Families with young children can add a clause naming a guardian in the event you and your […]
View moreHow small business owners can take advantage of the new tax law before it’s too late
Written by Bill Bischof First-year bonus depreciation has been around for a few years, but the Tax Cuts and Jobs Act (TCJA) installed much more generous (but temporary) bonus depreciation rules. Here’s what small business owners need to know to cash in on the new […]
View moreMillennial women may be on a collision course with financial disaster
Written by Jill Corfield Millennial women seriously lag men in their financial aspirations, compared with data from the same study two years ago. The reasons for this gulf include social media, career goals and family priorities. This financial gap could mean women are setting themselves […]
View moreWhat Surprises Boomer Women Professionals When They Retire
Authors Karen Wagner & Erica Baird We are women on the leading edge of the wave of boomers who have worked for decades and are now starting to retire. We knew, way back in our brains, that one day we would retire. As the date […]
View moreHealth Insurance for College Students
Author Kimberly Lankford Young adults can stay on the family health policy until age 26. But if they go away to college and are outside the insurer’s network of doctors, families need to reconsider their insurance options. Q: My son is about to graduate from high […]
View moreSmart Financial Planning Strategies to Borrow from Women and Millennials
on Business , Community , Debt Reduction , Financial Planning , Homeownership , Jobs , Life Events , Money Management , Retirement Author Jean Chatzky We have so much to learn — but so did they. Here’s what they’re doing right. Lately the headlines in personal finance have been pretty bleak — the average 2017 graduate has nearly $40,000 in student loans, millennial homeownership is down, and 39 percent […]
View more11 Financial Moves Every New Parent Should Make
Author Janet Berry-Johnson What’s one thing you wish you’d known about being a parent before you became one? For me, it’s just how expensive having a child can be. When my son was born over six years ago, I knew our expenses would go up, […]
View moreHow Much Money Do You Really Need to Retire?
Consider this your financial planning cheat sheet. Author Marianne Hayes Are you on track for retirement? Before you try to answer that question, consider this: The average 65- to 74-year-old, it turns out, spends close to $49,000 a year. If you’re wondering if your nest […]
View more6 Common Myths About Estate Planning
Sort through the misconceptions of estate planning to create a prosperous future for your family. Author Rachel Hartman While it may be a task that’s low on your to-do list, estate planning can provide guidance for your loved ones in the future. It will also […]
View moreIntroducing our new look and refreshed website
We’re excited to introduce our new and refreshed website. At TEGFCU, relationships are everything. Our team is dedicated to giving you an excellent member experience through the personal touch of our friendly staff. We are genuinely interested in helping you achieve what matters most; to […]
View moreU.S. Trade Deficit Widens
The goods and services deficit was $53.1 billion in December 2017, up $2.7 billion from $50.4 billion in November 2017, revised, according to a new report from the government. December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, […]
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Yes, You Should Be Prepared to Negotiate Salary
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How often do job seekers speak up to secure a better package? Staffing firm Robert Half recently asked this question of professionals, and the results were interesting. For instance, 39 percent of workers tried to negotiate a higher salary with their last job offer. Among people […]
View moreMore Americans Are Buying Groceries Online
Online grocery shopping continues to rise in popularity, according to a new survey from Unata, a provider of digital solutions for grocers. In 2018, 36% of U.S. consumers plan to shop online for groceries, which is up from 22% of those who shopped online in […]
View moreBiz Owners Need a Succession Plan
Over 70 percent of business owners polled in a recent survey for insurer Nationwide noted that they are not planning to retire, don’t know when they’ll retire or do not plan to retire for 11 years or more. This isn’t a good thing, since business […]
View moreIRS warns of potential surge in fake CEO phishing scam
* This article and image was written by Don’t Mess With Taxes and published online on January 19, 2018. With the official start of the 2018 tax filing season just more than a week away, folks have been collecting important tax statements they’ll need to file their returns. […]
View moreSubzero Heroes
TEG is proud to sponsor the 2018 Subzero Heroes Jump on February 13 at Berean Park in Highland. We have a group of brave staff members ready to jump into a frozen lake to help the Alzheimer’s Association. Click here to make a donation to Team TEG. Thank you.
View moreTEG to Award Three $1,000 Scholarships
Complete and return the 2018 scholarship application by April 2nd for your chance to win the TEG Joyce A. Betros Scholarship.
View moreEverything You Need To Know About The Equifax Breach
In a recently revealed breach, 143 million Americans may have had their personal information exposed.
View moreFinancial Tips for Single Parents
Single parenting brings unique budgeting challenges. The U.S. Department of Agriculture reports that it costs an estimated $241,080 for a middle-income couple to raise a child to age 18 – and many single parents shoulder that responsibility alone. Even with adequate child support, it’s smart […]
View moreKeeping Friends And Finances: How To Deal With Financially Challenging Friendships
Friends are the family we choose for ourselves. But some friends can be a serious drain on your savings. If you recognize these kinds of people in your life, it’s hard to know what to do. Here are several examples of financially dangerous friends and […]
View moreWomen’s History Month: Women At Work
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March is Women’s History Month. At TEG Federal Credit Union, we’re proud to join in the nationwide celebration of women. To do that, we’d like to take this time to recognize five important women in the history of finance and entrepreneurship who are rarely applauded […]
View moreDon’t Panic: Filing Taxes As A College Student
Imagine skipping a day of class, then coming into the next session and seeing a test. You open the packet and see what appears to be gibberish staring back at you. Everyone else around you seems to have a perfect grasp of what’s going on, […]
View moreBeware of Mystery Shopper Check Scam
We have seen an increase of counterfeit TEG checks as part of Mystery Shopper Scam
View moreFinancial Self Defense
on Community , Debt Reduction , Financial Planning , Money Management , Security/Scams Leave a commentHow To Respond To ‘Can You Hear Me?’ “Can you hear me now?” is the once-popular tagline of Verizon commercials, but it’s also the headline of a new scam. Scammers making robocalls will ask some innocuous question. Once the targeted person says “yes,” a recording […]
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