You do a lot to prepare for a trip: book the flight, find the perfect hotel, take time off work months ahead of time, buy new bathing suits, get a pedicure, and on and on. However, there’s one important thing to do before a trip that most people overlook: telling your credit union or your credit card company about your travel plans. Credit card companies and credit unions like ours have standards in place to identify suspicious credit or debit card use. If transactions occur...
Moving into a Roth IRA from a Traditional IRA or SIMPLE IRA may be a great way to maximize your IRA savings. Converting is easy to do, and may have positive effects on your financial future. The Basic Facts A conversion is the taxable movement of Traditional or SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA assets to a Roth IRA. The financial organization administering the conversion reports the movement of assets to the IRS, while you include any pretax amounts converted...
People you do business with may know your credit score. Do you? Creditors and insurance agencies often check your credit score numbers upon beginning a relationship with you. They also periodically check the scores to see if other products might suit your needs or just to ensure you’re still in good standing credit wise. Knowing where you stand is important for you too. There are three major credit bureaus: TransUnion, Equifax, and Experian. Information is submitted to each individual bureau separately, so your credit report and credit score...
Before you decide whether to contribute to a Traditional IRA or a Roth IRA, you’ll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision between Roth vs Traditional IRA depends on your income. Following are the basic facts you need to know. Traditional IRAs IRA owners must have earned income and be under age 70 1/2 to make contributions. Contributions may be tax deductible. Earnings grow tax deferred. Distributions generally are taxable. Distributions before...
We at Georgia Heritage Federal Credit Union make every effort to give back to the community whenever we can – and we often have a great time doing it! Our team recently participated in the Nine Line Run and celebrated Earth Day, and we were grateful to be able to show our support for the betterment of the Savannah Metropolitan Area community and its residents. Nine Line Run Georgia Heritage FCU volunteers joined the Nine Line Foundation and Nine Line Apparel on Armed Forces...
We're thrilled to announce that our new Rincon branch is officially open for business! Receive all the same amazing services now at this new location: Georgia Heritage Federal Credit Union 5745 Hwy. 21 South Rincon, GA 31326 We welcome you to come in and meet the staff in-person or, if you're in a rush, feel free to roll through the Drive-Thru with ease. Here are our hours: Lobby Mon.- Thu. 9:00 – 5:00 Fri. 9:00 – 5:30 Drive – Thru Mon.- Thu. 9:00 – 5:00...
Perhaps Ben Franklin said it best: “A penny saved is a penny earned.” A penny isn’t very much money these days, but the principle still applies. Cutting expenses is almost like increasing your income, and small amounts can add up quickly. Read on for 10 tips for saving money that are more feasible than you realize. They’re so simple, in fact, that you can start them today to save more of your hard-earned pennies! There's an app for that. It seems that these days most...
Traveling is a treat for many people. Exploring fascinating locations, experiencing different cultures, and enjoying local cuisines takes us away from everyday life. We look forward to it for months and do not want anything to detract from our expectations. The theft or loss of a credit card, however, could definitely spoil the fun, so here are several tips that can help you keep your credit cards safe while traveling to ensure your vacation is all you want it to be. 9 Ways to Keep...
Being able to retire with financial wealth is something we all hope for, as our retirement years can be some of the most exciting of our lives. In order to make the best of those years, however, you need to have a reliable source of income. Investing in a traditional IRA is one of the best ways to make that happen, but you may have many questions about it, as most people do. Following are simple, basic answers to some of the most common Traditional...
Knowing smart ways to save money is very important for building wealth and having a financial foundation. Adults have to teach their children how to save money, as this is going to play a very important role in their lives. This not only teaches them how to be responsible, but also is going to show them that you need to have money in order to survive in this world. Following are a few tips that can help set the foundation. Grab a piggy bank One...