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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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Filing your taxes is a rite of passage for those of us in working world, one that can be confusing, exhausting and daunting. Unfortunately, fraudsters take advantage of this often overwhelming time with an ever-growing scam that involves stealing your personal information, such as your social security number (SSN), and using it to file (and…
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Each year, many students undergo the process of applying for and receiving financial aid for their education. Since February is Financial Aid Awareness Month, and if you’re a student in this boat, we’re here to provide you with the information you need to get a jump start on the process. The process can be difficult…
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According to the Internet Crime Complaint Center (IC3) and the Better Business Bureau, the prevalence of online scams – and the number of people falling for them – has dramatically increased since the onset of the pandemic. This increase in scams has been seen everywhere, from online shopping scams to work-from-home scams and, yes, even…
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You may already know that it’s important to use credit cards responsibly. You also may have heard stories from those who learned that a credit card can be a double-edged sword, a great way to establish and maintain good credit, but sometimes can land cardholders in a world of financial trouble if they aren’t properly…
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