Did you know?
Make your estate plan today!
Don’t wait until your hair begins to gray to plan for your estate. Secure your wishes and intents in the present by completing your will, your health care directive, and a durable power of attorney.
Help for a financial emergency
In case of an extreme financial emergency, avoid increasing your debt by borrowing against high-interest rate credit cards. And never visit a payday lender! A small, short-term, low-interest loan against future salary from a trusted lender like LGFCU may be your best bet.
Should you have a special needs trust?
If you have a disabled adult child receiving public benefits, a Special Needs Trust might be good to consider. This will help you gift money to your child upon your death while still protecting those public benefits. Talk to an attorney specializing in Special Needs Trusts to determine if this is right for you.
Life change? Update your will!
Remember to update your Last Will and Testament each time you have significant life changes such as marriage, divorce or starting a family. Find out how LGFCU can help you get it done with the Estate Planning Essentials Program.
Make your wishes known.
Leave clear instructions about medical decisions that need to be made on your behalf if you can't make them. A living will and a Healthcare Power of Attorney help make it easier for your loved ones to make tough decisions. Find out more about these important documents at Estate Planning Essentials.
Tech support scams
If you get a call from someone saying your computer needs an emergency update, hang up. Don’t fall for this tech support scam designed to steal your money or worse, install a virus or malware on your computer. Only allow people you know and trust access to your computer.
Lock down your home network.
Got guests? Create another wireless network name and password on your home router specifically for visiting devices. You’ll improve the security of your wireless network since it’s separate from the family network.
Resist the temptation to withdraw funds from your retirement account. Roll your funds into your new employer’s plan or into an IRA to save you from taxes and penalties.
Start early for tax time.
Don’t wait until the last minute to get organized for tax time. Set aside an hour or two each month to gather and properly store receipts, cancelled checks, and other documents necessary to prepare your taxes. Take it one step farther by scanning your information.
Make saving automatic.
Pay yourself first! Use automatic deductions from your payroll or checking accounts to make deposits in IRAs, mutual funds, or other savings and investment accounts.
Review your will regularly.
If you created a Last Will and Testament several years ago, it might need updating. Try to review your will at least every three years. LGFCU can help you get it done with the Estate Planning Essentials Program.
Big life changes? Review your insurance.
Have you recently gotten married or had a child? If so, you should review your insurance needs. Consider purchasing a Life Insurance policy or adding to what you may already have.
Save for education. Get tax breaks!
Coverdell Education Savings Accounts and 529 Plans allow tax-deferred growth of investments and experience no taxes when withdrawn for qualified educational purposes.
LGFCU is a part of an international movement that puts people first
While our focus is North Carolina, we’re also a part of the worldwide credit union movement! That’s why in October we celebrate International Credit Union Day. This day is dedicated to member appreciation and the seven basic principles that make credit unions unique. See how LGFCU lives those values everyday.
Don’t take phishing scam bait
If you’ve ever gotten an email saying you won a prize from a contest you didn’t enter or that a foreign prince wants you to cash a check, then it’s probably a phishing scam. Thieves hope to trick you into sharing personal and financial details. Spot the signs of a phishing attack. If the message seems weird, don’t click; delete it.
Regularly check your credit report
Check your credit report at least three times a year to make sure there are no errors on it. Find incorrect information? Contact the credit reporting agency to dispute it quickly. Visit www.annualcreditreport.com to view your official, free credit reports from Equifax, Experian and Transunion.
Strong passwords protect your devices
Whether you wear or carry your device, adding a strong password or passphrase can help keep devices secure anytime, anywhere. A strong password can’t easily be guessed, is longer, and uses a mix of upper and lowercase letters, numbers and symbols.
You’re a member AND an owner
One member, one vote is how LGFCU members equally participate in electing the leadership, setting policies and making decisions about the Credit Union. It’s what makes credit unions different from banks. We’re a financial cooperative owned and controlled by members.