Continue reading 10 Warning Signs It’s Fraud
Security, News

10 Warning Signs It’s Fraud

March 17, 2021 Arbor Financial Credit Union
In 2020, with 2.2 million reports about fraud and a reported $3.3 billion lost by victims, the Federal Trade Commission recounted a busy year for fraud1. The top fraud of 2020 was imposter scams, according to the FTC1. With that being said, it is essential to stay informed and take actions to protect yourself and your family against fraud and scams.

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Continue reading 5 Hidden Ways to Boost Your Tax Refund

5 Hidden Ways to Boost Your Tax Refund

February 9, 2021 Arbor Financial Credit Union
Tax time is just around the corner. Wouldn’t a healthy tax refund come in handy? Well, here are steps you can take now to boost your tax refund when you file after the first of the year.

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Continue reading The Impact of Stimulus Payments on Your Taxes
Savings, Taxes

The Impact of Stimulus Payments on Your Taxes

February 9, 2021 Arbor Financial Credit Union
What a year 2020 has been! New Year’s celebrations were barely over when the coronavirus turned things topsy-turvy. But one bright spot for 159 million people was the $1,200 Economic Impact Payment that appeared in their mailbox or checking account. If you didn’t receive a payment, you may be wondering, why? And if you did, you may be wondering, what’s the catch? We are here to help put your mind at ease, so let’s tackle your questions, one by one.

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Continue reading Tax Tips for Unemployment Income If You’ve Been Laid Off or Furloughed

If you lost your job or were furloughed this year, your company may have paid you furlough or severance. If this is the case, you likely applied for unemployment benefits, once you could get through on the busy phone lines! And now, with tax time approaching, you may wonder if you owe taxes on the money you received, and if so, when and how you need to pay the tax.

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Continue reading When and Why You Should Refinance Your Home
If mortgage rates nearing historic lows have you thinking about refinancing your home, you are not alone. In just the first nine months of 2020, more than 6 million homeowners refinanced, according to NerdWallet1. By saving homeowners thousands of dollars or allowing them to tap into equity, it is to no surprise that we are experiencing such an influx of refinances. Before you make the move, it is important to have a goal in mind, to compare your current terms with today’s rates, and to weigh out the costs and benefits.

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