How to Budget for Home Renovations

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Americans’ passion for home renovations is bigger than ever. A 2019 study by Trulia showed that approximately 90 percent of all homeowners are considering a home renovation of some kind. Of that 90 percent, half of the homeowners indicated they are working with a budget of around $5,000, and 20 percent are planning to spend… Read more »

Member Alert: Protecting Your Stimulus Check

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Excerpt from FTC Article: Did A Nursing Home or Assisted Living Facility Take Your Stimulus Check? by Lois Greisman, Elder Justice Coordinator Do you or a loved one live in a nursing home or assisted living facility? Are you (or they) on Medicaid? If you said “yes” to both, please read on and prepare to… Read more »

Member Alert: Sophisticated Social Engineering Scams

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You may have heard of the term “social engineering”. In simplistic terms, it is when scammers exploit human psychology to gain access to data versus using technical hacking techniques. Some examples may include: On the Phone – The scammer impersonates a colleague to get insider information, not publicly available. In the Office – The scammer… Read more »

How to Get the Best Return on Your Home Renovation

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When you first purchased your home, you probably felt like you were on top of the world. Typically, you choose your new house because it fits your lifestyle the best. But as time goes on, that same home will surely require routine maintenance or new upgrades, either to keep up with your life changes or… Read more »

How to Finance a Boat Purchase

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With warmer weather comes more time outdoors, and for those who have access to waterways, the desire to own a boat increases. But when it comes to buying a boat, what do you need to know? In this post, we’ll explore all the aspects of boat loans and what it takes to sail home on… Read more »

What is a HELOC, and Should I Get One?

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A HELOC, or Home Equity Line of Credit, is a revolving line of credit that helps you pay for large expenses or consolidate debt. It uses the equity you’ve built in your home as a baseline for what you can borrow and your home as collateral for the loan. The HELOC is one option that… Read more »

Damon Sipe Joins SC Telco as Vice President of Technology

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Damon Sipe joined SC Telco Federal Credit Union as the Vice President of Technology in early March. As an 18-year IT veteran, Damon has served in various technology leadership roles including the medical, insurance, and service industries. Most recently, he was responsible for managing a team of highly skilled virtual CIO’s, Account Managers, and a… Read more »

What is a Sinking Fund, and How Do I Use It?

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If you’re like most people, your financial goals are common — they may include paying down debt, covering your bills, and saving for the future. But trying to tackle all three at the same time can be hard to do, as you try to determine where each dollar should go. Fortunately, there’s a simple answer… Read more »

Dennis Jefferson, Business Intelligence Manager Earns Business Analytics Certification

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In late 2019, Dennis Jefferson was named the Business Intelligence Manager of SC Telco. In this new position, Jefferson leads the initiative to transform, analyze, and interpret data to position the Credit Union to better serve our members. Jefferson recently received a certification in “Business Analytics: From Data to Insights” from The Wharton School at… Read more »