Money Minutes | General Electric Credit Union Blog | Financial Resources

Claiming a Tax Credit? The PATH Act May Delay Your Tax Return

Feb 17, 2022 | 3 minute read

It’s 2022, and some of the pandemic-era relief measures many Americans depended on over the last two years have gone away. Despite this, many people are still struggling and looking to their tax...


30 Ways You Can Be Kind During Random Acts of Kindness Week

Feb 16, 2022 | 3 minute read

Random Acts of Kindness Week (RAK Week) was founded by the Random Acts of Kindness Foundation – who started Random Acts of Kindness Day in 1995; this later became a week-long celebration in 2018....


What to Look for in a Business Checking Account

Feb 10, 2022 | 4 minute read

You started a business to be your own boss and to share your ideas, services, and products with the world (or, just the Tri-State area!). You’re passionate about what you do, and you need banking...


Balance Transfers: Fall in Love with a Low-Rate Card

Feb 8, 2022 | 4 minute read

Did a sweet opening bonus cause you to overlook a sky-high credit card interest rate? If so, you may have found yourself with a sizeable chunk of debt and unable to catch up. Don’t stick around in a...


Debit Cards are a Wallet’s First Draft Pick

Jan 28, 2022 | 4 minute read

A debit card gives you easy, secure access to funds in your checking account. If you’re like many Americans, this piece of plastic has a lot of competition in your wallet. From credit cards to cash,...


3 Compelling Reasons to Switch to eStatements

Jan 26, 2022 | 3 minute read

Each month, you receive a statement from your credit union that details the income and spending activity on an account. You can use these statements to review spending habits and even spot...


5 Need-to-Know Facts About Tax Season 2022

Jan 24, 2022 | 5 minute read

Another year has passed (allegedly), and tax filing season is here again. The COVID-19 pandemic changed many things, including last year’s federal tax deadline and the time it took for the Internal...


Venmo, Paypal must report annual business transaction totals over $600

Jan 14, 2022 | 2 minute read

Is your social media feed full of headlines about a $600 IRS reporting change for Venmo or Paypal transactions? There’s been a lot of confusion and misinformation surrounding this provision, and it’s...


Avoid These 3 Mistakes During the Homebuying Process

Jan 12, 2022 | 5 minute read

While you may feel ready to dive head-first into the real estate market, it’s wise to pump the breaks and familiarize yourself with the common mistakes people make when buying a home. Doing so will...


Tackle Holiday Debt with a Balance Transfer

Jan 11, 2022 | 3 minute read

The holidays are over, but the credit card debt remains for many. In fact, four in 10 U.S. adults report willing to go into debt – or deeper debt – for holiday shopping.1 Your balance payoff strategy...