Money Minutes | General Electric Credit Union Blog | Financial Resources

May Market Update

Jun 9, 2020 | 17 minute read

May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew more confident in stocks,...

Read

How the CARES Act May Impact Your Student Loan Repayment Strategy

Jun 4, 2020 | 3 minute read

Due to the COVID-19 pandemic, more than 30.3 million Americans have filed for unemployment as of March 15, 2020.1 To help those struggling during this time, the Coronavirus Aid, Relief, and...

Read

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...

Read

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...

Read

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....

Read

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...

Read

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.

Read

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...

Read

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...

Read

CARES Act Provides Relief to Individuals and Businesses

Apr 8, 2020 | 4 minute read

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and...

Read