Entries from September 2016

The Benefit of Opening a Health Savings Account

Date September 28, 2016

If you are on a High Deductible Health Plan¹, you may want to consider opening a Health Savings Account (HSA) at MCCU! A HSA offers a way to set aside funds to pay for your (and your family’s) medical expenses. HSAs provide you with tax savings², and annual contributions (much like an IRA) may reduce […]

College Students: Be Smart About Credit Cards

Date September 26, 2016

Each year when school sessions start, credit card companies start hitting student mailboxes with multiple credit card offers.  Unfortunately, many students accept these tempting offers, use the cards enthusiastically, and then find themselves – even before they graduate – way over their heads in debt.  A recent survey of undergrads reported these startling numbers: The […]

5 Tips for Getting the Most Out of Your Rewards Credit Card

Date September 23, 2016

One of the best things about choosing to use a rewards credit card for your day-to-day spending is the points, miles or cash back you can earn every time you swipe. But it can be tricky. To make sure you’re getting the most out of your card, take a look at the tips below. 1. […]

Is Fall the Best Time to Buy a House?

Date September 21, 2016

Sometimes it’s smarter to buy certain items according to the season, like sweaters near the end of  winter and swimsuits in late summer. But what’s the best season for buying a house? The answer: the fall. As temperatures cool and trees shed their leaves, enough factors break in the buyer’s favor to make it the No. 1 season for […]

Using Equity Loans to Winterize Your Home

Date September 19, 2016

There are all sorts of ways to guard your home from the winter elements. Some are cheap and may even fall in the do-it-yourself category, like adding weather stripping and caulking. Other endeavors, such as swapping out single-pane windows for energy-efficient double panes, or replacing a furnace, are beyond the skill set of most homeowners […]

3 Ways Borrowing Money Can Actually Save You Money

Date September 16, 2016

It may seem counter-intuitive but it can be true—borrowing money can save you money. When you can save on interest paid, fees, or consolidate expenses, borrowing new money can make you money in the end. Refinance your mortgage, car loan or other high interest loan. When you refinance, you’re moving your debt from one lender […]

5th Annual Family Festival in Chatsworth September 25th!

Date September 14, 2016

Family Festival: Music, Entertainment, Food, & Rides for the Whole Family! Looking for some family fun this  month? Join the Chatsworth/Porter Ranch Chamber of Commerce for the 5th Annual Family Festival! When: Sunday, September 25th Time: 11am-5pm Where: Mason Park, Chatsworth Buy your tickets now, and 50% of the proceeds will go to the school […]

Bank Accounts to Open for Your Small Business

Date September 12, 2016

One of the most important decisions you’ll make when starting a business is choosing the right bank accounts. As an entrepreneur, you’ll want to make sure you don’t mix your personal finances with your business money: If your cash isn’t kept separate, it could be hard to meet IRS recordkeeping requirements, and that could lead […]

Boat Buying and Financing Tips

Date September 9, 2016

Buying a boat is a major purchase, similar to purchasing a car or home. And much like vehicles and homes, boats come with their own unique set of maintenance and upkeep expenses. If you’re thinking of becoming a boat owner, here’s what you need to know. Basic boat types Determining your best boat really depends […]

The Difference Between a Traditional 401(k) and a Roth 401(k)

Date September 7, 2016

An employer-sponsored 401(k) plan is often one of the most valuable parts of a job’s benefits package. Although free snacks and a generous vacation policy are great, making regular contributions to a retirement account can help ensure that your golden years are financially comfortable. That’s what makes it so important to understand the ins and […]