If you’re always wondering how you’re going to pay the next bill, feel guilty when you indulge in overpriced treats and you can’t seem to find money to put into savings, then you probably need a budget. A budget is not a magic potion that […]
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Why Does my Credit Score Matter?
Your credit score is made up of three numbers, serving as an indicator of your financial history, wellness and responsibility. These three little numbers can spell the difference between approval and rejection for a mortgage, a job, a rental unit and so much more. We […]
View moreAll You Need to Know About Student Loan Changes During COVID-19
With unemployment at a record high and many employers cutting work hours, college graduates have been struggling to meet their student loan payments. Thankfully, the federal government has passed legislation to ease this burden. Unfortunately, though, many borrowers are confused about the terms and conditions […]
View moreCreative Ways to Save on Energy Costs
Summertime electricity bills making you sweat? Take the heat off with these hacks: Rethink your roof – Is your roof wearing black in ninety-degree weather? Install a sunlight-reflecting “cool roof” and reduce your roof’s temperature by up to 60 degrees. You’ll slash your AC use [...] View more
Celebrate Your Grad Facebook Contest!
Celebrate your Grad and Win a $25 Visa Gift Card! Two Easy Steps to Enter:1. Like ???? our Facebook page and2. Comment with a picture of your high school or college graduate that you’d like to shout out! The contest runs June 15th through June […]
View moreHow to Pay for Large Medical Bills
If you’re looking at astronomical medical bills thanks to the coronavirus pandemic or another health emergency, you might think there’s no choice but to pay thousands of dollars for your treatment. Lucky for you, though, there is hope. Here’s some advice on how to bring […]
View moreTEG Retirement & Advisory Services- 3 Things to Keep in Mind if Your Credit Limit was Recently cut
Nearly 40 million Americans have lost their jobs in the last nine weeks as the coronavirus pandemic has upended the economy, and financial institutions have already seen a major increase in deferment requests, delayed payments and forbearance applications. In an effort to reduce risk, major […]
View moreDon’t toss that Junk Mail, it may be Your Stimulus Payment
Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail. Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) […]
View moreTEG Retirement & Advisory Services- Tax Planning Webinar
We hope you will join us for our upcoming interactive webinar that will help you learn what you should do and what you should avoid when it comes to taxes before and during retirement. The goal is to help you understand how the tax code […]
View moreCoronavirus Scams are up
Scammers are always looking for their next opportunity and what better time than a global pandemic? The FBI Internet Crime Complaint Center (IC3) has seen an increase in reports of online fraud during the COVID-19 crisis. Since many of us are staying at home and likely […]
View moreCelebrating Amid the Coronavirus Pandemic
As the ongoing coronavirus pandemic continues to disrupt life and cancel plans across the world, people are finding creative ways to celebrate. From drive-by weddings to birthday car parades to virtual graduation ceremonies, there are so many ways you can celebrate while still maintaining proper […]
View moreYour Complete Guide to Safe and Comfortable Face Covering
Q: I’ve started wearing a face mask every time I go out, however, I’m finding these coverings to be less than comfortable. Is there any way around the irritations and discomforts of wearing face coverings? A: Face coverings have become an essential wardrobe component for […]
View moreWays to Celebrate Memorial Day during the COVID-19 Lockdown
Most years, Memorial Day is the unofficial kickoff to summer. Americans salute and honor the memory of our military heroes with grand parades, lively family picnics and crowded barbecues. But, this year, everything is different. Even as the country moves forward with the reopening process, […]
View moreHouse Passes HEROES Act
The House of Representatives passed a $3 trillion stimulus bill on Friday, May 15, with a 208-199 vote. The more than 1,800-page legislation, dubbed the Health and Economic Recovery Omnibus Emergency Solutions Act (Heroes Act), would provide another stimulus check to qualifying Americans, extend unemployment […]
View moreHow Should I Spend my Stimulus Check?
The stimulus checks promised in the Coronavirus Aid, Relief and Economic Security (CARES) Act are starting to land in checking accounts and mailboxes around the country. The $1,200 granted to most middle class adults is a welcome relief during these financially trying times. Many recipients […]
View moreThe First Steps to Take if you Can’t pay your Mortgage
Over a few weeks, the talk about mortgages turned from how to best take advantage of record low interest rates to how to handle a mortgage without income. More than 22 million Americans have filed for unemployment in the past five weeks. Lenders are dealing with […]
View moreTEG Retirement & Advisory Services- Weekly Economic Update Webinar
Webinar: Weekly Economic Update I am excited to share that another specialist will be joining us for our weekly LEXCO educational call on Thursday, April 23rd at 2:00 PM. This week we will feature a module called Keeping it in Perspective. It will cover what’s happened, […]
View more7 Ways to Celebrate Earth Day at Home
Earth Day, recognized on April 22, is an annual event that celebrates environmental protection and raises public awareness about pollution. And this year, 2020, is Earth Day’s 50th anniversary. Here are some easy, eco-friendly ideas you can do at home in honor of the holiday. […]
View moreBeware of Scams Amid the CARES Act
As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act passed on March 27, the federal government is sending out $290 billion in stimulus checks over the next half a year. The first round of checks has made its way to millions of […]
View moreHow to Protect Your Credit Score During the Coronavirus Pandemic
As many Americans now face the possibility of becoming delinquent on their debts and other bills, their credit scores could be adversely affected. Here are the steps people can take to ensure that they maintain as good a credit score as possible throughout the coronavirus […]
View moreTEG Retirement & Advisory Services- First Quarter 2020
Dear Friends, Without question, the last several weeks have been difficult for everyone. I’ve spoken to so many of you as we all look to better understand the new world that’s unfolding in front of us. Our commitment to keeping you well informed has never […]
View moreWebinar: Navigating Your Finances Through COVID-19
Things to Think About While Navigating Your Finances During the COVID-19 Crisis Friday, April 10, 2020 at 11 am Expert Panel: Keith Kurman - VP of Lending Jackie Fellin - VP of Commercial & Residential Lending Spencer Fern - AVP of Commercial Lending Fiona Micelli [...] View more
TEG Retirement & Advisory Services- Webinar
Our commitment to keeping you well informed has never been more stronger. Please know TEG Retirement and Advisory Services remains fully functional while working remotely. We have the full support of Lexco Wealth Management, our investment advisor and LPL Financial, our broken dealer. We are […]
View moreResources: Dutchess One Stop
Thank you to everyone who attended and help make our webinar on Friday, April 10th a success. We would like to thank our special guest, Nancy DeWitt, from Dutchess County Workforce Investment Board. Nancy DeWitt, Associate Director of the Dutchess County Workforce Investment Board, is [...] View more
Paycheck Protection Program
The Paycheck Protection Program (PPP) is an important part of the historic Coronavirus Aid, Relief and Economic Security (CARES) Act designed to help small businesses continue meeting payroll and other expenses during these trying times. Here’s all you need to know about the Paycheck Protection […]
View moreHow to Care for Your Car During a Lockdown
With shelter-in-place restrictions imposed in many states, millions of cars are sitting motionless in garages and driveways across the country. While staying home is the best way to stay safe these days, it might not be the best thing for your car. David Bennett, manager [...] View more
COVID-19 Resources
Here is list of resources for you to access on the current COVID-19 pandemic. Coronavirus (COVID-19) Reference Guide – This reference provides info, tips, and tricks for this global pandemic. Use it to learn the basics and to understand how to identify the symptoms of the […]
View moreWebinar: Navigating Your Finances During the COVID-19 Crisis
These are confusing times and we know you have a lot of questions. Join us for a live interactive webinar with our panel of experts, moderated by our Marketing Specialist, Jenny Fox. This is your opportunity to ask the questions that matter to you the […]
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The Complete Glossary of Financial Terms Related to COVID-19
Some of the financial terms flying around in the wake of the recently approved Coronavirus Aid, Relief and Economic Security (CARES) Act may be confusing. We have broken down some of the key components and how they relate to the COVID-19 pandemic. Deferred interest What […]
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TEG Retirement & Advisory Services- What to do if your parents need a bailout
Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of Gen Xers and 3% of boomers say […]
View morePrioritizing Bills During a Financial Crunch
Our vibrant, animated country has been put on pause. Busy thoroughfares are now empty of pedestrians and previously crowded malls are eerily vacant, as millions of Americans shelter in place to slow the spread of the coronavirus. Forced leave of work has left many wondering […]
View moreShould I Buy a House During a Pandemic?
Q: I’ve been planning to buy my first home this spring, and I’ve spent years preparing for this purchase. Now that the coronavirus has had a negative impact on the economy, I’m wondering if I should go through with my plans. Is it a good […]
View moreFinancial Do’s and Don’ts During a Pandemic
The coronavirus has already impacted the economy tremendously, and will likely continue to do so for a while. With all this uncertainty, it’s easy to fall into a panic and wonder if there are some concrete steps you should be taking to save your personal […]
View moreFun Activities to do at Home with Your Kids
Here are some fun activities to keep your kids busy while you wait out the pandemic at home: TEG Coloring Pages: Take a coloring break with our TEG Coloring Pages. Print out the images below and color away! Be sure to upload your finished artwork […]
View moreTemporary Branch Closure
As the COVID-19 public health situation keeps evolving, we would like to thank you for your flexibility and patience during this time as we respond to the latest updates. Please be aware that we will be temporarily closing our Beekman branch, effective Wednesday, March 25, [...] View more
Support Small Local Business
Many local restaurants are adapting to the current situation by offering curbside delivery and take out options. Below are a list of local eateries in Dutchess, Ulster and Orange County who are open for take-out or curbside pick-up. Now, more than ever is time to […]
View moreCredit Union Philosophy
While COVID-19 is bringing new and difficult challenges to so many, the Credit Union philosophy is even more important than ever–“people helping people”. During this time of uncertainty we have seen countless community members step up to help their neighbors in need. Whether it be […]
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Info about COVID-19
TEGFCU is committed to safeguarding the health of our members, staff, and volunteers. As we monitor the spread of COVID-19 (Coronavirus), we want to keep you apprised of our actions and policies to keep you protected. COVID-19, aka Coronavirus, is a respiratory illness that was […]
View moreHomebuying Coffee Talk
CANCELED Saturday, March 28 9 am — 11 am 1 Commerce St., Poughkeepsie NY 12603 Our Mortgage Officer, Stephanie Barone, will be on hand to discuss the homebuying process over refreshments. Topics will include: -Factors that will affect buying a home -What mortgage lenders look for in […]
View moreTEG Retirement & Advisory Services- 5 Things You Can Do With an IRA That You Can’t With a 401(k)
–Jeffrey Levine, CPA/PFS, CFP® IRA or 401(k)? Know the key differences between these two popular retirement plans to ensure you are saving in the right account. Indvidual retirement accounts (IRAs) and 401(k)s share a lot of similarities. They are both retirement plans. They both can […]
View moreTEG Retirement & Advisory Services- 10 Rules to Know About Qualified Charitable Distributions
–Denise Appleby, APA, CISP, CRC, CRPS, CRSP If you are an IRA owner interested in donating to charity, a qualified charitable distribution may be an option. These 10 rules outline how a QCD should be done. Arguably, one of the biggest changes to the tax […]
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TEG Retirement & Advisory Services- Why The First Five Days Of 2020 Could Have Bulls Smiling
The first five days of 2020 are in the books. Although the headlines have been quite scary, equities have picked up right where they left off last year. In fact, after the first five trading days of the new year, the S&SP 500 Index is […]
View moreWhat You Need to Know About the Secure Act
The Setting Every Community Up for Retirement Enhancement Act of 2019 – the SECURE Act – passed the House of Representatives earlier this year and was approved by the Senate and signed by President Trump on the days leading up to Christmas. Incorporated into a […]
View moreAnnuity Options: Choices Abound for Today’s Retiree
As the earliest baby boomers begin to enter retirement, the various income guarantees and other living benefits offered through variable annuities (VAs) are gaining in importance. Yet before you rush to add a VA to your retirement funding scheme, take some time to understand what […]
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