Washtenaw Federal Credit Union Blog Postings

It’s That “Tax” Time Again!

Hello to all our WFCU Members! It’s tax season again…and we don’t need to remind you how stressful this time of year can be. We wanted to offer a few helpful insights that may help guide you through the 2018 tax season. We know that many of you are expecting a tax refund this year, and we also know that a great deal of you may have already decided on several different ways to spend that refund money. But before you decide on that shiny new car or that vacation to the Bahamas, the money you receive from your tax return could also be used to improve your financial health! Sometimes the best option is simply putting away some of that money into your WFCU savings account or a Certificate of Deposit, where you can earn interest on your balance each month and help protect yourself from unexpected expenses. Just think if your furnace decides to kick the bucket you won’t have to borrow money to replace it! You could also take some of that money and pay down some of your credit cards (especially those ones with the highest interest rates). One other great option may be to put that money into an IRA (Individual Retirement Account), which is a great way to save for the future and for your retirement! Our friendly staff at WFCU would be happy to assist you or answer any questions you may have on these things! If you’ve decided to use your money on one of the other fun options above thats okay too! We know everyone’s situation is different and sometimes getting your new...