In an effort aimed at increasing taxpayer compliance, the Biden Administration has proposed that financial institutions be required to report additional account holder information in an enhanced annual I.R.S. Form 1099-INT. Beginning in 2023, the Administration hopes that the IRS will be able to use this information to increase tax compliance and thus raise federal

When it comes to buying a new home, there are a lot of factors to consider. From budgeting to gathering the right documents, taking a few extra steps before you begin can save you a lot of time down the line! Our friends at Mortgage Center put together a blog article that breaks it all

ATTENTION-IMPORTANT INFORMATION REGARDING STIMULUS PAYMENTS   If you received a check or a visa debit card as your stimulus payment, please read the following important information. Stimulus Checks Stimulus checks must be endorsed. Checks that are not endorsed or have “for deposit only” written on the back are not negotiable. Third party stimulus checks will

Dear Valued Member, Wayne Westland Federal Credit Union management and staff wish you a Happy New Year! We hope the holidays have been good to you and your families, bringing both good health and happiness. I would like to clarify recent concerns regarding our January 2021 fee schedule. The latest fee schedule was sent to

Holiday Closings New Year’s Day Friday, January 1, 2021** Martin Luther King, Jr. Day Monday, January 18, 2021 President’s Day Monday, February 15, 2021 Memorial Day Weekend Saturday, May 29, 2021 Memorial Day Weekend Monday, May 31, 2021 Independence Day Monday, July 5, 2021 Labor Day Weekend Saturday, September 4, 2021 Labor Day Weekend Monday,

Are you looking for a way to save money, but a savings account isn’t enough? A money market account is a no-risk, higher interest way to put your money away for a rainy day. What is a Money Market Account? A money market account is basically a savings account that offers easier withdrawals and a

In this age of technology, the idea of the envelope system seems to have faded away. Which is a shame. The envelope system is a great way to take charge of your finances and is great if you’re just starting out or want to be more hands-on with your money. What is the Envelope System?

Checks? Who writes checks anymore, let alone balance a checkbook? While the process may seem old-fashioned, believe it or not, it’s still necessary. Balancing a checkbook, also known as bank/account reconciliation is still needed because it can help you catch any errors or fees and helps you stay on top of your finances. Read on

Whether you’re just starting out or you’ve hit a few bumps along the way, building credit can be difficult. An easy way to start building or rebuilding your credit is with a share pledge/share secured loan. A share secured loan (what WWFCU calls a share pledge loan) lets you use the money in your savings

The one good outcome of the economic chaos surrounding the pandemic is some of the lowest interest rates we’ve seen in a long time. But before you rush to refinance your home, there are three things to consider. Do the Math Yes, the interest rates are historically low, but they might not be low enough