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 or organization of your choice!

Bank Accounts to Open for Your Small Business

Date September 12, 2016

 alt=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 to tax penalties. Opening new accounts in your company’s name is typically a better practice.

Having separate bank accounts could also help limit your personal liability. Say someone were to sue your company; your business assets might be at risk, but your personal assets would likely be protected from legal action.

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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 on your personal style. Fishing boats, as their name implies, are day or overnight crafts designed for catching fish. They have ample deck space, open cockpits and reduced seating capacity. Options include:

  • Jon boats.
  • Open express boats.
  • Convertible/sportfisherman boats.
  • Center console boats.
  • Cuddy cabin/walkaround boats.
  • Flat boats.

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

Date September 7, 2016

 alt=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 outs of these savings tools, including knowing the difference between traditional and Roth 401(k) plans. Here’s a look at the features that make each one unique, and how you might be able to take advantage of both.

Traditional 401(k) basics

With traditional 401(k) plans, employees make contributions before their income is taxed. It’s a win-win situation: As well as preparing you for retirement, this setup also reduces your taxable income.

The cash in your account is invested in mutual funds, stocks or bonds, and it’s up to you to decide how you want to allocate your assets. The money in these investment vehicles grows tax deferred until you withdraw it.

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Home Loans Made Easy at Matadors Community Credit Union!

Date August 31, 2016

 alt=If you’re in the market to buy a new home, or if you want to refinance the loan you have and save money, look no further than our Home Loan Partner American Family Funding.

Established in 1993, American Family Funding (AFF) has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals and individual homebuyers throughout California.

AFF is a full-service mortgage banker with an experienced staff offering expertise in every area of mortgage lending, from purchasing to refinancing. They have access to a full range of mortgage resources and all of their mortgage consultants are dedicated to finding the right loan with competitive rates, terms and costs to meet their clients’ unique needs. That’s just the beginning of their service – throughout the lending process, they provide regular loan updates and progress reports so you will always know the status of your loan. They also offer mobile apps, available in iTunes and Google Play app stores, for your convenience.

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Being “Green” at Home Can Save You Money

Date August 29, 2016

 A few years ago, being green was the “new black.” Everything from pet food to cleaning supplies was going green with promises of environmental friendliness and guilt-free consumption. Going green has gone mainstream, but the impact on your budget can still be profound.

Skip the chemicals—Go au naturale. Cleaning your house and clothes in the old days may have been labor intensive but the cleaning supplies were ahead of their time. Sticking to vinegar, lemon juice, bleach and borax will not only leave your clothes and home looking and smelling clean, but there is less chance of allergic reactions and a huge savings at the grocery store.

Skip the pods—Those cute coffee pods may be all the rage, but in 2013 the waste they produced could have circle the globe 10 times. Furthermore, the price of a cup of coffee is twice as much using a K-Cup than brewing a pot of your favorite grind.

Dial it back—Energy consumption is our country’s biggest environmental hazard and the consumer’s biggest expense. Dial back your thermometer. The rule of thumb states that you can save 3% on your heating/cooling bill for every degree you set back your thermometer.

MCCU can help make your home more energy-efficient!

We can help you finance your energy-saving home project – anything from a new hot water heater to windows and solar panels!

Go Green with some help from MCCU!

Get information on our Energy Loans and Solar Loans today!

 

Be Aware of Credit Score Scams

Date August 24, 2016

 alt=Your credit score is part of the seemingly magical recipe that determines your interest rates on loans, your insurance premium, and sometimes your hiring decision. Once a guarded secret, your credit score is now available for FREE through many sources. Sites like quizzle.com, mint.com, and creditkarma.com provide your score for FREE in exchange for your acceptance of receiving promotional materials. Their hope is that when you check your score, you’ll consider purchasing another of their offered products.

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Easy Ways to Save Money Every Month

Date August 22, 2016

On a strict budget? Do you want/need to save more money each month?

According to a recent article in Money Magazine, there are several easy ways you can save up to $3,000 a month!

Some of the tips are:

 

Check out the full article for more money-saving tips!

 

How to Be a Money-Smart Graduate Student

Date August 19, 2016

Whether you’ll be pursuing a master’s degree in English literature or a Ph.D. in chemical engineering this fall, life as a graduate student likely will require a good deal of thriftiness. But that doesn’t mean you have to limit yourself to a steady diet of instant noodles and cereal for the foreseeable future.

Here’s a look at several sustainable ways that grad students can maximize their stipends or other income and cut costs in the process.

Find a roommate

Sharing a house or an apartment with others may have taken some getting used to as an undergraduate. By now, though, you’re probably a seasoned veteran. And that’s a good thing, since finding a roommate is still one of the best ways to save money.

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Make Smart Decisions When Buying a Home

Date August 17, 2016

 alt=A home is probably the largest purchase you will make in your financial life. Review these tips to make sure you are making the best decision.

Get prequalified. Take the time to meet with a lender before you start looking to ensure you are searching in the price range you can afford. They can also offer you several mortgage options that best fit your financial situation.

Get pre-qualified by our experienced mortgage partner American Family Funding!

DIY House Hunting. A licensed Realtor will have the most current and accurate information when you start looking. Don’t try and do it yourself or risk missing out on the home of your dreams. Realtors are professionals and experts at what they do – take advantage of their knowledge and resources to get the best deal possible. They will help you negotiate price, and ensure the home you want is the perfect home for you and your family.

Don’t limit your choices. Be open to all sorts of listings and opportunities. Look at and eliminate listings based on thorough investigation and not pre-determination. Sometimes what we want is not exactly what we need.

Get adequate insurance. Always purchase adequate insurance from a professional to cover you, your family, and your belongings. You never know when you’ll need that insurance. Plus, if you’re getting a mortgage loan, you’ll need proper coverage on your home.

Do your due diligence. Look at crime rates. School districts. Talk to friends and neighbors. Drive by at different times of the day and week. Once you’ve purchased, you don’t want any surprises.

Make sure to stop in and talk to our home loan specialists when you’re ready. Happy house hunting!

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