TEGFCU Blog

U.S. Trade Deficit Widens

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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, $6.2 billion more [...]

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Work Stoppages Near Historic Low

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There were a total of seven work stoppages 2017, according to the U.S. Bureau of Labor Statistics. Since the series began in 1947 this is the second lowest number of major work stoppages recorded in a year, the lowest annual total was five in 2009. Major work stoppages [...]

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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 in the 27 [...]

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More Americans Are Buying Groceries Online

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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 2017. The 2018 [...]

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Biz Owners Need a Succession Plan

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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 succession is key [...]

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IRS warns of potential surge in fake CEO phishing scam

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* 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. Identity thieves, unfortunately, [...]

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Subzero Heroes

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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 (Hudson Valley Chapter) in the fight against Alzheimer's Disease.   Thank you for supporting [...]

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TEG to Award Three $1,000 Scholarships

The TEG Joyce A. Betros Scholarship is a $1,000 gift awarded to three high school seniors who have demonstrated high academic excellence and community service throughout their high school careers. The scholarships will be given to students who are TEG members or whose parents/guardians are members in good [...]

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Shop Smart

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We’ve all heard about the consumer psychology at play in the setup of grocery stores. The basics, like eggs and milk, are in the back of the store, forcing you to pass by aisles packed with things you don’t need. The checkouts are lined with impulse purchases aimed [...]

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Everything You Need To Know About The Equifax Breach

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In a recently revealed breach, 143 million Americans may have had their personal information exposed. Equifax, one of the nation's three major credit reporting agencies, reported a massive data breach lasting several months. Hackers were able to access people's names, Social Security numbers, birth dates, addresses and driver's [...]

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Newlyweds: Don’t Let Financial Stress Take The Cake

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Of all the things to discuss before marriage, finances are the least exciting. Statistically, money is the top reason couples argue and financial arguments are among the top predictors of divorce. So, how can you avoid becoming a statistic? Here are some ideas from the experts: Talk To [...]

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Financial Tips for Single Parents

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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 to be proactive [...]

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Keeping Friends And Finances: How To Deal With Financially Challenging Friendships

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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 how to handle [...]

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Women’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 despite their trailblazing [...]

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Don’t Panic: Filing Taxes As A College Student

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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, but you’re just [...]

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Beware of Mystery Shopper Check Scam

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Mystery Shoppers And Counterfeit Checks Scam “You have been selected to participate in a paid survey Mystery Shopper program.   Here is your check,” says the letter you just opened. You look at the check. Sure enough, your credit union’s logo, name and address appear on it. It has [...]

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Financial Self Defense

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How 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 is made of [...]

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