Tag: Coronavirus

Student Loans

Federal Student Loan Relief Scheduled to End

Update January 20, 2021 — President Biden signed an Executive Order directing the Department of Education to extend the suspension of student loan payments until September 30, 2021. Those with student loans can start planning for the October 1, 2021 resumption of payments. Learn more below: Update January 19, 2021 — The incoming Biden administration has announced… Read more »

CARES Act

Consolidated Appropriations Act Provides Relief to Individuals and Businesses

On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as… Read more »

From Your CEO — Winter 2021

You have probably heard the saying “fresh start for a new year.” Never have we all collectively been more excited for a new year than in 2021! In the last quarter, we surpassed a monumental milestone of $1 billion in assets. Our growth is especially significant at a time when financial institution mergers and acquisitions… Read more »

Second stimulus check

What to Know About Your Second Stimulus Check

On December 29, the Internal Revenue Service and the Treasury Department announced that they are beginning to distribute the second round of Economic Impact Payments, also known as a “stimulus check,” as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments… Read more »

Credit Counseling

The Lowdown on Credit Counseling

Have you ever wondered if credit counseling might help you? Most of us have never stopped to even think about what credit counseling is until we find ourselves facing a financial roadblock. Credit counseling isn’t just for those who need to improve their financial health — it can also help you to be more proactive… Read more »

From Your CEO — Fall 2020

If we had 20/20 perfect vision, we might have skipped to the year 2021. Never have we seen more disruption to life on a daily basis and to how we socialize. It is the ultimate irony that in 2019 we couldn’t allow you to cover your face or head while conducting business in the branch…. Read more »

From Your CEO — Summer 2020

So much has happened in the last few months—almost every SESLOC member has been impacted from the pandemic, the swift collapse of the economy and the strain of social unrest due to inequality. The cooperative philosophy of credit unions has always supported the notion of equality for all members: one member, one vote, one voice…. Read more »

6 Ways to Use Your Stimulus Check Wisely

One of the most talked about benefits of the recent CARES Act is the $1,200 stimulus payments for individuals who earned $75,000/year or less and $2,400 for married couples filing jointly that earned $150,000/year or less. This goes to everyone, whether they’ve experienced income loss or not. Here are some strategies to use your check… Read more »

Relief for Student Aid

Federal Student Loan Borrowers Get Expanded Relief in CARES Act

Update 1/20/21 — Student loan relief extended until September 30, 2021 Update 12/4/20 — Student loan relief extended until January 31, 2021 Update 8/8/20 — Student loan relief extended until December 31, 2020 On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in… Read more »

Stay on Course

Coping with Market Volatility: Continuing to Invest May Help You Stay on Course

ASK A FINANCIAL PLANNER In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part… Read more »