There are many money myths about personal finance and debt affecting millennials. It’s no surprise given the financial state they are facing. Americans owe over $1.4 trillion in student loan debt, which is spread out among nearly 44 million borrowers. Student loan debit isn’t the only major issue surrounding students and young adults; young Americans (age 25-34) have the second highest rate of bankruptcy. These findings suggest that the younger you are, the tougher your financial situation seems to be. Unfortunately, notRead More About Five Money Myths Affecting Millennials
Understanding your credit score can be tricky. As a valued TNConnect member, we always want our members to be informed on how to understand your credit. See below from our partners at GreenPath Financial Wellness to understand how your credit score is calculated, as well as steps for improving your score. You can also download a .pdf here: Understanding your credit score. We would also like to remind our members of our FREE credit report service. This service is called Credit Sense andRead More About Understanding Your Credit Score
Tax-related identity theft occurs often. This happens when someone steals a Social Security number and uses it to claim a tax refund or get a job. We want to protect our members from an often painful and expensive identity theft incident. The National Cybersecurity and Communications Integration Center (NCCIC) has provided a number of articles to educate consumers on protecting themselves from this particular type of fraud. Taxes. Security. Together., Preventing and Responding to Identity Theft IRS and NCCIC CautionRead More About Tax Identity Theft Awareness
Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices regardless of whether you have some investing experience or are just getting started. Don’t lose ground to inflation It’s easy to see how inflation affects gas prices, electric bills, and the cost of food; over time, your money buys less and less. But what inflation does to your investments isn’tRead More About Five Keys to Investing For Retirement
Move your credit card balances to a TNConnect Visa and enjoy a low balance transfer rate of 2.99% APR* for 12 billing cycles! TNConnect also has many other Visa credit card bonuses like: NO ANNUAL FEE, No cash advance fees, No balance transfer fee, low standard rates after balance transfer period and online account access through home banking Contact a TNConnect loan officer today at 865-688-2424 for additional details or click here to apply today! *APR=Annual Percentage Rate. Loan approvalRead More About Enjoy a LOW balance transfer rate of 2.99% APR*!
Members Save Up To $15 on TurboTax! This year, get your biggest possible tax refund with TurboTax, and as a credit union member, you can save up to $15 on TurboTax this tax season. TurboTax has you covered. TurboTax is up-to-date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right. Real CPAs review your return. With TurboTax Live, you can talk with a CPA or EA onscreen for unlimited adviceRead More About Members Can Save up to $15 with TurboTax!
Sometimes getting involved in your community can be one of the best financial choices you can make! Read below to find out how the Simple Dollar recommends getting involved. You can also read the original article by Trent Hamm here. One of my most frequent pieces of advice, which comes up for numerous reasons, is to get involved in your local community. I regularly recommend getting involved in local civic groups (like the Lions Club), local Meetups, local churches and other religiousRead More About Getting Involved in Your Community Can Help Your Finances
As the holidays approach, the Department of Homeland Security has provided some excellent tips and reminders for our members to be aware of seasonal scams and malware campaigns. (Malware is software that is intended to damage or disable computers and computer systems.) See below for some great tips on protecting yourself when shopping or making charitable donations online. Original article can be found here. _________________________________________ Members should be cautious of unsolicited emails that contain malicious links or attachments with malware, advertisements infectedRead More About Protecting Yourself from Holiday Scams
How exactly do you get your finances where you want them? Everyone’s situations and goals are a little bit different, but these two financial health to-dos from our partners at GreenPath Financial Wellness are a great place to start. #1 CHECK UP ON YOUR CREDIT REPORT A great credit score makes it easier to get credit and can make you eligible for lower interest rates, saving you money in the long run. A low score typically means you’ll have to pay higher interest on a loan,Read More About Two-Do’s for Financial Health
We are pleased to announce the new TNConnect mobile app…coming in November! The new app will have all of the same great features as the current mobile app, but it will have an improved digital experience, including a new Mobile Deposit service for checks. Check back next month for more information.Read More About New TNConnect Mobile App