Maps Blog

All You Need to Know About the COVID-19 Stimulus Plan

April 1 by Maps Credit Union

After days of negotiations and last-minute changes, the Senate and the White House have signed a historic $2 trillion stimulus plan to help mitigate the economic fallout of COVID-19. The Coronavirus Aid, Relief and Economic Security Act (CARES) will put cash directly into people’s pockets, provide desperately needed funding for hospitals and help struggling businesses remain afloat in these financially fragile times.

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5 Way to Trim Your Fixed Expenses

March 2 by Jennifer Schmelling

When trimming your monthly budget, consider your fixed expenses. These recurring costs include mortgage payments, insurance premiums, and subscription payments. All of them are easy to budget and plan for since they generally remain constant during the year. While it may feel difficult to lower fixed expenses, most of these costs can be reduced with a bit of effort and research.

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All You Need to Know About Savings Certificates

January 2 by Jennifer Schmelling

As an institution devoted to your financial wellness, Maps offers several secure options for your savings. One of our most popular savings products is our certificates of deposits, commonly referred as CDs. These accounts offer the best of both worlds when it comes to your savings. You'll be giving your money a great chance at growth without subjecting it to the risks of investing in the stock market.
 
Let's take a closer look at how certificates work and why they might be the perfect choice for you.

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How Much Money Should I Keep in My Checking Account?

September 16 by Jennifer Schmelling

What about our checking accounts? Most of us use these accounts on a daily basis. Every swipe of a debit card, every bill we pay and every personal check we write takes money out of our checking account.

How much money should we be keeping in these super-convenient accounts? Let’s find out.

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Your Complete Guide to Identity Theft Protection

August 5 by Jennifer Schmelling

Did you know there were 14.4 million victims of identity theft in 2018? According to Javelin Strategy, each case cost the victim an average of $1,050 - and that's only the cost in dollars. When an individual's identity is stolen, the thief wreaks major havoc on the victim's financial health, which can take months, or even years, to recover from.

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5 Ways To Spring Clean Your Finances

April 1 by Jennifer Schmelling

1. Dust Off Your New Year's Resolutions
2. Sweep Out Your Monthly Budget
3. Freshen Up Your W-4
4. Pile Up Your Savings

5. Toss Your Debt

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When you think of a retirement plan, what comes to mind?

March 5 by Jennifer Schmelling

The most popular retirement plan is the IRA account. 

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DO I NEED AN EMERGENCY FUND AND A RAINY DAY FUND?

January 7 by Jennifer Schmelling

Rainy day funds and emergency funds serve different purposes. It’s important to have both available to tap into as needed.

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FAKE CHECK SCAMS ON THE RISE

October 12 by Jennifer Schmelling

The largest pool of victims of fake check scams are in their 20s – a segment of the population that is far more familiar with PayPal than with paper checks. Find out what makes them easy victims for the scam.

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Apple Pay, Samsung Pay and Tokenization: How To Stay Safe With The Wallet Of The Future

August 6 by Jennifer Schmelling

Apple Pay, Samsung Pay and other mobile wallets are revolutionizing the checkout experience by blending two developments in payment infrastructure to save you time: near-field communication (NFC) and token encryption.

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