SIU Credit Union Blog

Category: Financial Resources (page 1 of 4)

SIU Credit Union Makes Green Energy Home Improvements Possible

Energy-efficient home improvements—ones that can save you real money each month on your utility bills—qualify for federal tax credits and other local incentives. SIU Credit Union can help make your home a little “greener.”

Federal tax credit

Reinstatement of tax credits for energy-efficient home improvements was part of the American Taxpayer Relief Act.

Congress made the tax credits retroactive, which means that improvements you made in 2012 and 2013 qualify. The program has a cap of $500 in total credits and the improvements must be made to your principal residence. To make sure that the product you’re purchasing qualifies for the energy credit, check the IRS website atirs.gov.

Tax credit vs. tax deduction

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Coming this spring: NEW Online Banking

Updates to our online banking are coming soon – you’re going to LOVE it!

Our all new online banking platform has a consistent look and feel across all devices, making it even easier for you to do what you need to do –even quicker! 

iPad2 Mockup

What’s New

With a consistent design across all your devices, banking anytime, anywhere has never been simpler. Here’s a quick preview of some of the exciting improvements we’ve made to create a more user-friendly and consistent experience for you.

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Stay updated.

Secure your online experience by updating your browser. Browsers are a key part of keeping your online financial experience and information safe.

Browsers become more secure with each release, so don’t miss out. No matter what browser you use, make sure you have the latest version installed.

Visit your preferred internet browser provider’s website to download the most recent version.

 

Browsers for Microsoft operating systems:

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Be Prepared at Work!

Spring brings beautiful flowers, the greenest of grass and the robins in their nests.

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It also brings the dreaded tornado season that so many SIU Credit Union members have been touched by in previous years.  Although we have no control over Mother Nature, we can be prepared for the worst while at work.  It is not unthinkable that you could have to “stay where you are” for hours or even overnight.  The American Red Cross offers a list of personal workplace supplies to keep on hand at for a disaster.  This list is available at http://www.redcross.org.   Some of the things listed include the following:

  • flashlight
  • battery powered radio
  • enough non-perishable food for 1 day
  • water
  • extra medication
  • first aid supplies
  • space blanket
  • personal hygiene items
  • a change of clothes

Planning for disasters is a family project.   By keeping disaster supplies in our homes, vehicles and at work, we know our family members have the necessities on hand to get by in an emergency.  I don’t know about you but I take comfort in knowing my family is prepared to the best of our ability.

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Starting a Small Business: Turning a Hobby into a Career

While most people have a passion, hobby, or talent, few are able to turn a hobby into a profitable business venture. At SIU Credit Union, we know that it can be done. Use these questions to guide you as you transform your hobby into the next small business in your area.

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How can you make it unique? Having a talent for something doesn’t always translate into a successful business opportunity. So how can you make your work stand out from the rest? Get creative and find a way to provide a custom service to consumers by doing what you love.

What need does it fill? To succeed, a product or service must fill a need or solve a consumer problem. An effective entrepreneur must identify consumer needs and find a way to tweak his or her product to fit these needs. To start, examine your community and look closely at what those around you are doing. Then find a way to make your passion solve a problem for future customers.

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10 Smart Money Moves for Your 20s

20 somethings

 

If you’re in your 20s, you have a financial asset money can’t buy–time. And time makes your money grow. Making some smart money moves in your 20s pays off now and in the future. Here’s a list of 10 smart money moves for twenty-somethings:

1. Set financial goals, say, to take a vacation, go back to school, get married, buy a house, or start saving for an early retirement. Put your goals in writing, then calculate how much you’ll need to save each month to reach them.

2. Make a spending plan, limit your debt, and concentrate on paying off existing bills. Limit debt to your ability to repay. Monthly credit payments, excluding a mortgage, shouldn’t exceed 20% of your monthly take-home (after-tax) pay.

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