Money Minutes | General Electric Credit Union Blog | Financial Resources

A Closer Look at High-Yield Account Options

May 29, 2020 | 5 minute read

With the current economic environment, every penny means more. One way to earn more on your hard-earned money is through a high-yield account. But what is a high-yield account? And how does it...

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Keeping Cool: Investment Strategy vs. Reaction

May 11, 2020 | 4 minute read

After losing ground in 2018, U.S. stocks had a banner year in 2019, with the S&P 500 gaining almost 29% — the highest annual increase since 2013.1 So far, 2020 has been rocky and you can count on...

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April Market Update

May 7, 2020 | 12 minute read

April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 pandemic. There were more than 700,000 jobs...

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How to Protect Your Finances During an Economic Slowdown

May 1, 2020 | 4 minute read

As the economy faces uncertain times due to the Coronavirus (COVID-19) pandemic, it’s a good time to evaluate how your money is doing and whether you’re prepared to weather the storm. The more...

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The 12 Best Mobile Banking Features You Need to Use

Apr 30, 2020 | 5 minute read

Managing your money is even easier when you can access accounts right from your smartphone. Mobile banking apps have evolved and if you’re just using your app to check balances, you’re potentially...

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Coping with Market Volatility

Apr 28, 2020 | 4 minute read

The ups and downs of the market not only plays a toll on your finances, but on your emotions as well. As you’ve worked hard for the funds you’ve accumulated, it’s tough to see any type of loss....

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How to Handle an Unexpected Job Loss

Apr 15, 2020 | 4 minute read

As some businesses close their doors and people are staying home due to the Coronavirus (COVID-19), Americans are finding themselves out of work, either temporarily or due to company layoffs or...

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How to Get Your Stimulus Check Faster

Apr 14, 2020 | 4 minute read

In response to the CARES Act, Americans have started receiving their stimulus money; this is estimated to continue through September.

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How to Spend (or Not Spend) Your Stimulus Money

Apr 13, 2020 | 3 minute read

As a result of the COVID-19 pandemic, many have found themselves out of work, resulting in significant financial stress. To help Americans bridge the gap through this pandemic and cope with their...

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Q1 2020 Market Update

Apr 10, 2020 | 13 minute read

The world's economies and stock markets have been rocked by the spread of COVID-19. Investors' fears prompted a major sell-off in February and March, plunging stocks well below their 2019 closing...

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