facebook-with-circle google-with-circle linkedin-with-circle twitter-with-circle youtube-with-circle search3 lock question6 plus3 arrow-up6 arrow-right6 arrow-down6 arrow-left6

Belco's Online Banking

Archive for the ‘Uncategorized’ Category

Don’t Toss That Junk Mail — It Might be Your Stimulus Payment

access_time Posted on: June 9th, 2020

Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail. Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) as prepaid debit cards. The cards arrive in plain white envelopes that are strikingly similar to junk mail from credit card companies and scam mail. There’s no way to know that the card is from the federal government unless the recipient knows to expect it. Reports are already pouring in from all over the country of people mistakenly tossing their EIP cards along with their… read more »

going through the mortgage loan process for buying a home

Mortgage Loan Process: A Step-By-Step Guide

access_time Posted on: May 12th, 2020

Qualifying for a mortgage can feel like a daunting task with all of the paperwork, documentation, and steps needed to go from pre-approval to closing. However, having an understanding of the mortgage loan process in advance can make the journey easier. Keep reading for a simple step-by-step guide to getting a home mortgage loan. Prepare Your Finances Before you ever apply for a mortgage, you want to prepare your finances for making this large purchase. To do so, here are a few steps you should take: Check your credit score Your credit score is a significant indicator of your ability to qualify for a mortgage. That’s why it’s essential to… read more »

Applying For An Auto Loan: 5 Factors To Consider

access_time Posted on: May 12th, 2020

There are more options now than ever for getting an auto loan. However, not all car loans are created equal.  When going through the process of applying for an auto loan and reviewing your options, you want to be sure that you find the best loan available to you. In doing so, there are certain factors you want to consider. Here are five things to look for when getting an auto loan: Interest Rates You want to score the lowest interest rate possible on an auto loan. Low-interest rates paired with other good loan terms will provide you with a better quality auto loan.  Your interest rate will vary based… read more »

couple making mortgage decisions

Types Of Mortgage Loans: A List Of Options

access_time Posted on: May 12th, 2020

Life situations differ wildly, so buying a home will look a little different for each person and family. As such, mortgage loans come in numerous types to accommodate many different scenarios. Fixed-Rate Mortgage The most common type of mortgage is a fixed-rate loan. Fixed-rate mortgages have an interest rate that remains consistent throughout the life of the loan, meaning monthly payments are predictable. When to choose a fixed-rate loan These mortgages are fairly standard, which means many home buyers opt for them. They tend to be best for buyers with good credit who buy when rates are low since they can lock in a solid rate early on. It’s worth… read more »

Staying Safe Online During the Pandemic

access_time Posted on: April 24th, 2020

During these uncertain times we are all facing during the COVID-19 Pandemic, Internet bad guys have made it clear they aren’t giving us a break. Phishing emails (fraudulent emails made to look like legitimate emails which contain malicious links and attachments) are on the rise as cyber criminals look to make quick money and exploit people using email. Common malware & virus attacks such as ransomware are seeing a dramatic increase while the world is transitioning temporarily to working safely from home. Despite all this bad news, with a little bit of caution, you can protect yourselves online! Most phishing emails from the past contained easy to find spelling and… read more »

5 Days of Ways to Boost Your Financial Health Amidst COVID-19

access_time Posted on: April 13th, 2020

Financial decisions can feel complex and hard even under normal circumstances. If the current market volatility has you questioning what are the “right” actions you should take now, you are not alone. Here is the first of five concrete ways for you to jumpstart your financial wellness in the wake of the novel coronavirus. Day 1: Don’t touch your face or your 401k Time for some facts. Markets fluctuate over time and returns often come with risks. While COVID-19 is certainly adding unprecedented volatility to the stock market, it is critical to take a long-term view when it comes to investing. Chances are that when you set up your 401k… read more »

Tax Filing Deadline Has Been Extended

access_time Posted on: April 6th, 2020

For any procrastinators that have put off doing their taxes, good news – U.S. taxpayers have a three-month extension on the deadline to file their federal tax return due to the novel coronavirus pandemic. Tax Day has been pushed from April 15th to July 15th, 2020. Most states have matched the July 15th deadline, but check here to determine your state’s filing deadline. If you are among the many Americans who typically receive a tax refund — that is, you paid more taxes to your state or federal government (through payroll withholding, for example) than your actual tax liability, the Internal Revenue Service (IRS) is advising that you file your… read more »

Eleven Ways to Help Yourself Stay Sane in a Crazy Market

access_time Posted on: March 30th, 2020

Contributed by CUNA Mutual Group Eleven Ways to Help Yourself Stay Sane in a Crazy Market March 27, 2020 Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals. 1. Have a game plan Having predetermined guidelines that recognize the potential for turbulent times can help prevent emotion from dictating your decisions. For example, you might take… read more »

The Beginner’s Guide To HELOCs

access_time Posted on: August 16th, 2019

If you’re a homeowner in need of cash, a home equity line of credit might be for you. There are many ways to get the money you need these days. Depending on your circumstances, it can serve as a great alternative to a loan, credit card, or borrowing from a loved one. What is a HELOC? Reasons to use a HELOC Reasons to avoid HELOCs HELOC risks HELOC alternatives Is a HELOC right for you? What exactly is a HELOC? A home equity line of credit (HELOC) is like a second mortgage on your house in exchange for cash. The amount of money you can get is based on the… read more »

Getting A Credit Card From A Credit Union Vs A Bank

access_time Posted on: June 27th, 2019

Credit cards from both credit unions and banks allow you to make purchases in stores and online. But these two financial institutions differ in several key ways. In fact, before you apply for a new credit card, you should carefully compare the options offered by the credit unions and banks near you. While doing so, make sure you understand the benefits and drawbacks of each option so you choose the card that will support your financial goals now–and into the future. Here are some of the differences you can expect to see: Membership Requirements Before you get a credit card from a credit union you need to join the credit… read more »