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Having a solid financial education is an essential skill for individuals of all ages, backgrounds, and income levels. The increasing complexity of financial products and services, the rise of digital banking (and subsequent scams), and the growing importance of financial planning have made financial literacy more critical than ever before. And since April is Financial…
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Social Security plays a crucial role in promoting financial stability and security for millions of Americans, making it an essential component of the social safety net. It’s a welcome benefit to many, including retirees, disabled individuals, and those who have lost a spouse or parent. This government program provides financial assistance to 66 million people…
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Banking is a vital piece of your business’s success. Without a banking partner you can trust, it’s easy to run into issues that could ultimately impact the success of your operation. Choosing the right financial partner is a must as a business owner. There are a few key things to consider before you choose a…
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Credit plays an impactful role in the lives of most consumers. Without it, most people wouldn’t have access to homes, cars, and other necessities. When used responsibly, credit can be leveraged to make investments and gain access to necessary capital to fund life’s ventures. Alternatively, credit can also be the cause of financial pitfalls when…
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The term recession has become a hot topic of discussion over the past 12 months. Financial analysts, politicians, and news outlets have all discussed the possibility of a strong economic downturn. These predictions, along with skyrocketing inflation, have understandably left many Americans feeling concerned about their financial future. Fortunately, there are ways to work with…
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Managing investments can seem like a daunting task. A financial advisor can be beneficial because they can help manage your finances, make wise investment decisions, and plan for the future you desire. Whether you have personal finance questions or concerns, want someone to guide you for the long haul, or are just curious about the…
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Please be advised that you will now receive one consolidated 2022 1099-INT tax document, which will include the total dividends earned between all of your accounts. The form will list the account number with the largest 2022 dividend payout, and will be located within Online Banking under this same account if you are enrolled in…
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We understand that news about Silicon Valley Bank and Signature Bank has raised concerns about the safety and stability of financial institutions. These banks experienced a failure rooted from poor risk management and losses from fixed rate investments. At Lafayette Federal Credit Union, we have consistently adopted prudent and conservative risk management practices and have…
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We are excited to share with you that Lafayette Federal Credit Union has been named to America’s Best Banks List 2023 by Newsweek, a second-year recognition for our growing credit union. Newsweek partnered with Lending Tree to assess thousands of banks and credit unions nationwide, using a ranking system with over 50 different factors to…
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