Why you want to file your tax return early

Tax Time

As we kick off a new calendar year, we also enter a new tax season. This year, taxes are due Monday, April 15th and while that may sound far away, there are advantages to filing your taxes as soon as possible.

First, the sooner you file your taxes (especially electronically), the sooner you get your refund. The combination of electronic filing and direct deposit has proven to be the quickest way to get your refund. Once you submit your return, the IRS anticipates that more than 90% of refunds will be issued within 21 days of receipt.

The second reason you want to file your taxes early is because it can prevent identity theft. In recent years, criminals have become savvier at filing phony tax returns using the identification information of consumers. The IRS only accepts one return per social security number which is why many victims first realize their information has been stolen when they unsuccessfully try to file their return. If you file early, you can substantially reduce the possibility of having a false return filed in your name.

Before filing, make sure you have received all of your appropriate tax documentation. This might include your W-2, 1099, mortgage interest statement and more. Once you have all of your necessary documents, it is a good idea to move the process along as quickly as possible to access your refund and prevent falling victim to tax identity theft.

For information and tips on filing your taxes, visit www.irs.gov.

Spread the savings cheer to those you hold most dear!

Spread Savings

Credit unions save people money. In fact, The Credit Union National Association (CUNA) estimates credit unions provided over $11 billion dollars in direct financial benefits to the nation’s 112.5 million members during the past year. This equals $102 per member or $213 per household!

So you’re already saving money, but did you know your immediate family members could be saving too? As a member of our credit union, your immediate family members (related by blood, marriage or adoption) are also eligible to join and take advantage of the many financial benefits we offer.

Spread the savings cheer to those you hold most dear. Encourage your family members to join the credit union today!

Do you have a resolution to simplify your life this year? Then you’re going to love mobile banking!

Mobile banking eliminates most of your need to visit a branch and makes conducting your financial transactions as easy as pressing a couple of buttons! Simply download our mobile app from the iOS or Android app store and you can:

  • Check your account balance(s) anytime
  • Review your transaction history
  • Transfer money between your accounts
  • Deposit checks instantly via remote capture
  • Pay your bills
  • Get alerts for a low account balance or other situations,
  • And much more!

Plus, it’s just as safe and secure as online banking! To get started, download our app to your mobile device from the iOS or Android app store, open it and follow the directions. It’s so easy, you’ll wonder why you didn’t try it sooner!

For more information, call 800-235-6913 or visit alconefcu.org!

Kickstart your 2019 savings by opening a Christmas Club Account now!

Don’t let the next holiday season of spending sneak up on you. Be prepared by opening a Christmas Club account. This is a separate savings account that allows you to save a little at a time, all year long, via payroll deduction.

Then when the 2019 holiday season rolls around, you’ll be ahead of the game with the funds you need to shop early and take the stress out of spending more than you need to!

For more information or to open your account today, call 800-235-6913 or visit alconefcu.org.

Are you prepared for an emergency?

emergency sign

If you found yourself in need of funds to cover one of life’s unexpected events today, would you have it available? If not, you should consider starting an emergency fund right away. Whether it is an appliance replacement, major car repair, visit to the ER or even unemployment, you should try to set aside money to cover these large, unexpected expenses. Here’s how to get started:

  • Evaluate your current budget and spending to identify areas where you can pull funds from.
  • Split a portion of your direct deposit paycheck into a separate savings account (or set up a recurring transfer from your checking) to make saving the funds an easy process.
  • Begin with a small amount of savings each month, but try to increase it whenever possible throughout the year.
  • If you receive any additional money throughout the year – such as from a tax refund, bonus or special occasion – use it to boost your emergency savings.
  • Plan to save at least $1,000 at first, and then work your way up to cover 3-6 months’ worth of expenses if possible.

Don’t get caught unprepared! Start your emergency fund today. Contact one of our Member Service Representatives for help at 800-235-6913.

Save the date!
Annual Members’ Meeting

All credit union members are invited to attend Alcon EFCU’s Annual Meeting. You’ll enjoy refreshments, activities and the chance to learn about the credit union’s progress and future goals!

Date: Wednesday March 20th, 2019

Time: 11 am to 1 pm

Location: Schollmaier Auditorium

 

Mark your calendar now and plan to join us in March!

Pick your favorite way to save!

Which way do you want to go? We’re offering you 2 ways to save on your auto loan. Whether you’re refinancing your loan from another lender or applying for new financing, you’re sure to save at the credit union. Check it out!

#1 Bring your auto loan from another lender to Alcon EFCU and we’ll cut your rate by up to 2% APR*!
With an Alcon EFCU Auto Loan, you’ll enjoy:

  • No Payments for 60 days**
  • Financing up to 100% of NADA value
  • No setup fees or pre-payment penalties

#2 Looking to purchase a new car? Alcon EFCU has financing as low as 3.50% APR for new or new-to-you vehicles as well! Plus, when you finance a new car through Alcon EFCU, enjoy No Payments for 90 days***! This offer does not apply to vehicles already financed at other financial institutions.

Subject to credit approval. All credit union loan programs, rates and terms are subject to change at any time without notice. Some restrictions may apply. | *Annual Percentage Rate. Loan rates will not be reduced to less than 3.50% APR. Members must provide documentation acceptable to credit union of their existing rate and term with another lender to qualify for the 2% rate discount. $5,000 minimum loan amount required and maximum loan to value financed within the Alcon EFCU policy and guidelines. Any other loan discounts will not apply. | **No payments for 60 days, interest will accrue on the loan beginning the date of disbursement. | ***No payments for 90 days apply to new auto loans only. Interest will accrue on the loan beginning the date of disbursement. This offer does not apply to vehicles already financed at other financial institutions.

Don’t forget! We have holiday cash to keep you warm until 1/31/2019!

Holiday Cash

Cozy up with extra cash this holiday season with an Alcon EFCU Holiday Loan! We know the holiday season can be expensive. That’s why we’ve created this special holiday loan to help you worry less about the money and enjoy more of the holiday season. If you apply for a loan between now and January 31, 2019, you can enjoy:

 

  • Loan amounts up to $4000
  • Terms up to 12 months
  • Rates as low as 8.74% APR*

 

Get your help today by visiting alconefcu.org or calling 800-235-6913!

Congratulations to our Halloween Pumpkin Decoration Winner!

pumpkin

Gabby Vidaurri, Alcon EFCU Member Service Representative

Looking to protect your credit?

Protect

Do you ever check your credit report? Some financial advisors and consumer advocates recommend you should review your credit report periodically because:

  • The information on it affects whether you can get a loan or not, and how much you will have to pay to borrow money.
  • You want to make sure all information is complete and accurate before you apply for any financing.
  • You need to help guard against identity theft. Due to the sensitive nature of the information on your report, it is critical to prevent it from falling into the hands of criminals who could steal your social security number, credit card numbers or more.

What is a credit report and why is it important?

A credit report is a record of your credit history that includes information about your identity, existing credit, public record and credit inquiries made about you. This report is important because lenders, insurers, employers and others may obtain it from credit reporting agencies to assess how you manage your financial responsibilities.

How can you check your credit report?

You’re entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies (Equifax, TransUnion and Experian). Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.

For more information on credit reports, credit scores, credit reporting errors and fraud prevention, visit: www.creditunion.gov.

Members Save Up to $15 on TurboTax, the tax software that has you covered

TurboTax

This year, get your biggest possible tax refund – without leaving your living room. TurboTax, the #1 best-selling tax software, is up to date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right and get your biggest possible refund. And, as a credit union member you can save up to $15 on TurboTax this tax season. To access the member discount, click on the TurboTax web banner located on our credit union’s website. Start today and save!

  • Searches over 350 deductions. TurboTax finds every deduction and credit you qualify for, so you don’t miss a thing.
  • Get a head start on your taxes. Snap a photo of your W-2 or import it into TurboTax from over 1 million companies. Either way, you’ll save time and get a jump start on your tax return.
  • Expert review of your return. With TurboTax Live, you can have a live CPA or EA by your side to answer questions and review your tax return.