Unlock the door to savings with a mortgage* or home equity** solution from Alcon EFCU!

Whether you’re shopping for a new home loan, need to refinance your current home loan or you want to tap the equity in your current home, we have the mortgage solution (and the great, low rates) you need!

  • Stop paying someone else’s mortgage and pay your own – Get to know home ownership with our variety of mortgage loans.
  • Refinance your current mortgage loan with a great, low rate from the credit union.
  • Tap into your home’s current equity and use the funds to pay for home improvements, your next vacation or any other big expense.

Learn more about our mortgage solutions today!

*All credit union loan programs, rates, terms and conditions are subject to credit approval and may change at any time without notice. Refinance programs do not apply to existing AEFCU mortgage loans.  All rates and terms vary depending on loan-to-value ratio, credit evaluation and underwriting requirements. **This is a variable rate loan product. The interest rate you are charged may increase after the loan is closed.

Here’s one more thing you can do for your family!

We all love doing things for our family right? Why not give them the gift of credit union membership?

With lifetime membership, competitive rates, low fees, convenient access and a variety of loans, membership has something for every family. And as a member of Alcon EFCU, your immediate family members related by blood, marriage or adoption are eligible to join!

Invite your family to visit the credit union and apply for membership today!

Kickstart your 2020 savings by opening a Holiday Club Account now!

Piggy Bank Shopping Cart

Don’t let the next holiday season of spending catch you unprepared. Start saving now with a holiday club account. By opening this special savings account, you can save a little at a time, all year long through payroll deduction. So when the 2020 holiday season arrives, you’ll be ready to knock out your shopping quickly and easily!

Get started now!

Save the date to attend the Annual Members’ Meeting!

All credit union members are invited to attend our annual meeting. We will inform you – our member owners – about the progress we made throughout 2019 and the goals we have for the future. Refreshments will be served, and door prizes offered.

March 25, 2020
11 am to 1 pm
Schollmaier Auditorium

Mark your calendar now and stay tuned for more details to come!

There are more reasons than ever to love being a member of Alcon Employees Federal Credit Union.

Your credit union membership is about the trust and care of community, built around where you live, work and play. That’s why Alcon Employees Federal Credit Union membership saves you money through exclusive member-only offers through our trusted partners. Through Love My Credit Union Rewards, credit union members have saved over $2 billion with offers like:

»   $100 cash reward with each new line you activate with Sprint. Plus, existing customers earn $100 Annual Loyalty Cash Rewardsand 25% off select accessories in Sprint stores.

»   Credit union membership also saves you up to $15 on TurboTax federal products.

»   Credit union members save on SimpliSafe, the #1 expert pick for home security.

»   Protecting your car and home shouldn’t cost an arm and a leg. Alcon Employees Federal Credit Union members can save big with an exclusive discount from the TruStage Home & Auto Insurance Program.

Learn all about how your Alcon Employees Federal Credit Union membership gets you all these exclusive savings, and more at Alcon Employees Federal Credit Union or https://bit.ly/2jVl66C. Check them out and start enjoying credit union member benefits you never knew you had.

Don’t forget these tax deductions!

As you gear up to file your 2019 taxes this year, make sure you understand the full range of tax deductions available. Here are a few you might not be aware of.

  1. Sales Taxes – You can either deduct sales taxes or state income taxes off your federal income tax. In a state that doesn’t have its own income tax, this can be a big money saver.
  2. Health Insurance PremiumsDeductible medical expenses must exceed 10 percent of your adjusted gross income to be claimed as an itemized deduction, however if you’re self-employed and pay your own health coverage, you may be able to deduct 100 percent of your premium.
  3. Teacher Tax Savings – Qualified K-12 educators can deduct up to $250 for classroom materials.
  4. Charitable Gifts – In addition to money or goods given to charitable organizations, out-of-pocket expenses for charitable work also qualify.
  5. Paying the Babysitter – You may be able to deduct babysitter expenses if you’re paying someone to watch the kids while you freely volunteer for a recognized charity.
  6. Lifetime Learning – You can deduct up to $2,000 per year, taking off 20 percent of the first $10,000 you spend for post-high school education. This does phase out at higher income levels but doesn’t discriminate based on age.
  7. Self-employed Social Security – Although self-employed individuals have to pay 15.3 percent of your income for social security and Medicare taxes, you do get to deduct the 7.65 percent employer portion off your income taxes.

For more tips on preparing or filing your taxes, visit https://intuit.me/182hIv1. For advice on your specific taxes, contact your tax advisor.

 

Saving for a Rainy Day

For many people, finding extra money in the budget to put away for a rainy day can be a challenge, but that extra cash can be critical should an emergency arise. In fact, a solid emergency savings fund is one of the most important tools in developing financial security, yet research shows over 60 percent of Americans don’t have enough cash on hand to handle a $1,000 emergency.

Whether a medical expense, leaky roof, necessary car repair or more, stashing extra cash is a good idea and getting started doesn’t have to be intimidating. Use these tips to help!

  1. Start small and build a habit – Even if you start with $5 –  $10 a week, those extra dollars will add up and you’ll soon have enough to keep on the side.
  2. Auto-save the cash – Open a separate savings account at your credit union and elect to have money deducted from your paycheck and automatically deposited into the account for easy saving.
  3. Deposit windfall money – Apply additional funds you receive throughout the year to the savings fund. This might include holiday cash gifts, your tax return, birthday money or more.
  4. Save the spare change – Make sure to save any spare change you have after paying with cash and deposit those saved coins into your account.
  5. Cut the miscellaneous expenses – Cut out miscellaneous expenses such as subscriptions or eating out and apply those funds to your savings instead.

Start the New Year on the right foot with these 5 quick budgeting tips!

Need a little help getting started with your New Year’s budget? Consider these tips as you sit down to plan out your year.

  1. Track last year’s spending – Organize your spending into categories to see how much you spent on the necessities (and not-so-necessities), then look for areas where you could make some changes for 2020 (maybe by spending less at the coffee shop)
  2. Develop a 2020 budget – Create a savings and spending plan that helps you reach your goal. The 50/30/20 rule of budgeting is a good way to start. Allocate 50% of your after-tax income toward your necessities (housing, car, utilities), 30% toward nice-to-haves (meals out, entertainment) and 20% toward your savings and debt (credit cards, 401k, emergency savings fund)
  3. Make a calendar of deadlines – Mark your payment due dates on a calendar and set alerts so you never miss a payment.
  4. Pay off your high-interest debt first – If you have debt to pay off, start with the debt with the highest interest rate first (while still paying minimums on all your balances). Once the debt with the highest interest rate is paid off, move to the debt with the next highest interest rate and so on.
  5. Sock more away for retirement – If you can, increase your retirement savings as much as possible. If your company provides a retirement match, you want to at least contribute the maximum amount they’ll match.

Holiday Closings

New Year’s Day: Wednesday, January 1, 2020

Martin Luther King, Jr. Day: Monday, January 20, 2020

President’s Day: Monday, February 17, 2020