SAVE, SPEND & SHARE TEACH KIDS HOW TO INSIDE THIS ISSUE: GOLDEN EGGS PROMOTION DIRECT DEPOSIT TAX REFUNDS CREDIT UNION REWARDS

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1 WINTER 2018 TEACH KIDS HOW TO SAVE, SPEND & SHARE by Michelle M. Haas-Dosher, CCUFC, Excerpted from Financial Resource Center It s possible that your kids received money for Christmas for some, maybe a lot of it. If you re struggling with how much to let your children spend, consider doing this: Set up three small boxes in your child s bedroom or buy a small three-drawered container. Label one drawer or box for saving, one for spending, and one for sharing. As children receive money, set up a system so that a certain percentage automatically goes into each section. Daily life presents many other occasions to help children understand money and how to use it well. Children learn by playing, by imitation, and by participation. Give children younger than age five mixed coins to count as objects (one, two, three coins). Supervise children handling coins they re easily swallowed. In a store, occasionally give your child some chance to spend. Your young child might not be ready to understand the concept of saving money for college, but might be ready to save to buy a book or a toy. Young children need rewards to reinforce their saving habit, so at this stage tie savings to spending or short-term goals. When the piggy bank at home has a few dollars in it, bring your child to the credit union to open a savings account and make a deposit. Ask your child to help make buying decisions from time to time. Say, You decide which cereal we ll buy this week, and offer two or three acceptable choices. Express out loud some of your own goals, options, and decisions as you shop. Say, We won t go to a movie this week because we re saving for vacation. Or, This fruit looks old it s not worth spending the money on it. INSIDE THIS ISSUE: GOLDEN EGGS PROMOTION DIRECT DEPOSIT TAX REFUNDS CREDIT UNION REWARDS PROTECT YOUR CREDIT SCORE Visit our website to see full article and to download activity pages to continue helping your child learn about money! To read full article and see links to children s activity sheets please scan the QR code or click on Financial Resource Center logo. Then search Kids and click on Teach Kids How to Save, Spend & Save Link.

2 LOOKING FOR THE GOOSE THAT LAYS Golden eggs! loan rate discounts You ll find it here at E&G and we have dozens of Gold filled eggs to prove it. Get a, personal, auto, share secured or debt consolidation loan with a rate as low as 0%* for the term of the loan. Simply fill out your loan application and pick one of our Goose s Golden Eggs. Then crack it open to see the discount coupon hidden inside. These hidden treasures include a 0% interest loan or a 3%, 2% or 1% discount on the rate you qualify for. No matter the Golden Egg you choose it will be filled with great savings on your next loan at E&G! debt consolidation Loans auto loans personal loans share secured loans Selected Egg Discount 0% 3% off 2% off 1% off New Auto Loan $35,000 for 84 months $ $ $ $ Used Auto Loan $25,000 for 72 months $ $ $ $ Personal Loan $25,000 for 72 months $ $ $ $ *Chances of receiving a rate of 0% is 1 in 100. Odds for other discounts can be found at Credit is not guaranteed an application must be submitted and approved for any loan. Rate discount is taken off the rate a member qualifies for. The low as rate and payments shown above are based on excellent credit with the illustrated coupon. Your rate and payment may differ and will depend on your credit history and the selected discount. Auto loan payments illustrated assume maximum term illustrated and with a minimum deposit of 20% of the vehicle s value. Mortgage loans, Visa, Add-Ons, and Lines of credit are not eligible for this promotion. The promotion is also for New Money Only refinanced credit union loans are not eligible. Rates are subject to change without notice and the promotion can be cancelled at the discretion of the credit union at any time. VISIT US AT 333 N. CENTRAL AVENUE, HARTSDALE: (9

3 SAVE ON TURBOTAX, THE SMARTER WAY TO GET YOUR TAXES DONE RIGHT As a member of Educational & Governmental Employees FCU, you can save $5 TurboTax Deluxe the #1 best-selling tax software. With TurboTax, you ll get your taxes done right and your biggest possible refund, guaranteed. new 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. 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. Searches over 350 deductions. TurboTax finds every deduction and credit you qualify for so you don t miss a thing. Start TurboTax today and save! #1 Best-Selling brand of tax software based on aggregated sales data for all tax year 2016 TurboTax products. Visit for TurboTax product guarantees and other important information. Limited time offer for TurboTax Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. FAST TAX REFUNDS WITH DIRECT DEPOSIT It s the safest and fastest way to have access to your refund dollars! When you select Direct Deposit on the 1040 tax form, your refund is electronically deposited directly into the credit union account of your choice (Checking or Savings). 3 QUICK AND EASY STEPS Just follow these three steps on your 1040 tax return to have your refund electronically deposited into your E&G EFCU account. ount paid with request for extension to file Excess social security and tier 1 RRTA tax withheld Credit for federal tax on fuels. Attach Form Credits from Form: a 2439 b Reserved c 8885 d Add lines 64, 65, 66a, and 67 through 73. These are your total payments.... Refund 75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpa 76a Amount of line 75 you want refunded to you. If Form 8888 is attached, check here. Direct deposit? b Routing number c Type: Checking Savings See d Account number instructions. 77 Amount of line 75 you want applied to your 2016 estimated tax 77 Amount You Owe hird Party nee 78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions 79 Estimated tax penalty (see instructions) Do you want to allow another person to discuss this return with the IRS (see instructions)? Designee s name Phone no. Under penalties of perjury, I declare that I have examined this return and accompanying s ue, correct, and complete. Declaration of preparer (other than taxpay Enter E&G EFCU s Routing Number: (line 76b) Choose your Checking or Savings account for your deposit by checking appropriate box. (line 76c) Enter your E&G EFCU Account Number no spaces or dashes. (line 76d) 14) W. FIRST STREET, ROOM 311, MT. VERNON:

4 E&G Employees FCU is looking for volunteers willing to offer their leadership skills by being a member of our volunteer board of directors or part of our supervisory committee. The board of directors in consensus with management helps steer the direction of the credit union and the supervisory committee helps make sure members are receiving the best in service and security. The time commitment for a board of directors position is about 3-4 hours a month and the supervisory committee about 1 hour or so a month. Why not consider helping us help you. Please contact us at (914) or us at info@egefcu.com. E&G EMPLOYEES FCU NEW DEBIT CARD FOR 2018 Major debit card compromises seem to be a daily occurrence. If your card is compromised, you are stuck changing account numbers, notifying vendors with recurring payments, and updating e-commerce sites. In 2018 E&G Employees FCU will launch a New MasterCard Debit Card to give you unprecedented control and security over your debit card. When launched, the new and improved card will replace existing debit cards for all of our members. You will use our FREE app to: Turn your card off when you aren t using it. Get immediate alerts each time the card is used. Set an area where card can only be used (i.e., White Plains) Keep the card active around you your card can be used wherever you are but nowhere else. Restrict the card to work with certain types of merchants (i.e. enable grocery stores while turning off restaurants). Fraud stops at the source. Alerts help you verify purchases. This will be another FREE service that makes your life easier. (914) OR ONLINE AT

5 7 WAYS TO PROTECT YOUR CREDIT SCORE by Michelle M. Haas-Dosher, CCUFC, Excerpted from Financial Resource Center Your credit score is a three-digit number that creditors use to assess how likely you are to repay your loans. A high score can help you qualify for the lowest interest rates and gives you the ability to borrow money for purchases. Here are seven things you can do to make sure your credit score stays healthy: 1. PAY BACK YOUR DEBTS ON TIME. How you ve repaid accounts for (35%) in calculating your score. 2. APPLY FOR NEW CREDIT ONLY WHEN YOU NEED IT. Ten percent of your credit score is determined by how many new credit accounts you ve opened and the number of times lenders have checked your credit 3. DON T CO-SIGN. Be cautious about co-signing a loan even for family members If a payment is missed and you don t pay it, it can negatively affect your credit score. 4. CONSIDER KEEPING STARTER CARDS OPEN. Cards designed for people without a credit history, called starter cards, usually have high interest rates and fees, low limits and few rewards. Even though you ve stopped using them, it s a good idea to keep them open. 5. GUARD YOUR PERSONAL INFORMATION. Be very careful when giving out your Social Security number, birth date, credit card numbers and other personal information. 6. REGULARLY MONITOR ALL YOUR ACCOUNTS. Even if you don t use them, check each account to make sure there aren t charges, such as annual fees, and that no one is fraudulently using your card. 7. STAY DILIGENT. Make sure that the good credit score you ve worked so hard to build stays that way. To read full article please scan the QR code or click on Financial Resource Center logo. Then search 7 ways and click on 7 Ways to Protect Your Credit Score Link. PEOPLE HELPING PEOPLE CAMPAIGN UPDATE E&G Employees FCU is proud to live by the credit union philosophy of People Helping People. We realize that, as a member of the community, we have a responsibility to support our members who make our community better. This is why we have so actively supported three local charities during 2017 and intend to do the same in These charities include Maria Ferrari Children s Hospital, Project Morry and The Guidance Center of Westchester. We are so excited to report the following at the conclusion of the 2017 Campaign. Maria Ferrari Children s Hospital $3, The Guidance Center of Westchester $ Project Morry $ Total 2017 Contribution $5,140.89

6 MAIN OFFICE Second Floor, 333 N. Central Ave. Hartsdale, NY Phone: (914) Fax: (914) Mon., Tues., Wed., & Fri.: 9:00 am 4:00 pm Thursday: 9:00 am 6:00 pm BRANCH OFFICE 22 W. First Street, Room 311 Mt. Vernon, NY HOLIDAY CLOSINGS Presidents Day Monday, February 19, 2018 IMPORTANT DATES Tax Day Tuesday, April 17, 2018 Goose s Golden Egg Promotion Ends Friday, March 30, 2018 Phone: (914) Fax: (914) Mon., Tues., Wed., & Fri.: 9:00 am 4:00 pm Thursday: 9:00 am 5:30 pm Equal Opportunity LENDER READ ALL ABOUT OUR WINTER NEWSLETTER 2018