Here, you can read about financial tips provided by members of the NCUA staff, including how to protect yourself from financial scams and how to take advantage of new offerings at credit unions.
Financial Tip #1: A New Grant Program from NCUA Will Provide $200,000 in Financial Literacy Grants to Low-Income Credit UnionsLow-income credit unions will soon be able to apply for a grant program called the Financial Education and Financial Literacy Initiative, available through NCUA’s Office of Small Credit Union Initiatives.
Read MoreFinancial Tip #2: How Credit Unions are Different Than BanksIf you have never belonged to a credit union, you might not be aware of how these member-owned and operated financial institutions differ from banks.
Read MoreFinancial Tip #3: Choosing a 529 Plan Parents often hear that they should begin saving early for their children’s college educations, but it can be tricky to know how to get started. You may have heard about 529 plans as one option.
Read MoreFinancial Tip #4: Earned Income Tax CreditThe Earned Income Tax Credit (or EITC) is a federal income tax credit specifically for low-income working families. Taxpayers who qualify and claim the credit could pay less federal tax, pay no tax or even get a tax refund.
Read MoreFinancial Tip #5: Help Preparing Your Tax ReturnResources are available for individuals who need assistance preparing their tax returns, including free tax preparation services for those who qualify. In addition, the Internal Revenue Service (IRS) offers a wide range of free tax help services.
Read More