Education Articles

The Ins and Outs of Going Solar

Are your winter and summer energy bills going through the roof? Maybe it’s time to upgrade to solar panels. Solar panels have become increasingly popular since a tax credit was instituted in 2019. Originally scheduled to expire in 2024, the tax credit was extended through 2034 after President Biden signed the Inflation Reduction Act in 2022. The...

Plan For Retirement, Especially In Your 20s

If you’re in your 20s, retirement may seem too far off to worry about. Besides, you probably have more immediate concerns, like student loans, car loans, and credit card debt. And if you’re in your 30s or 40s, you may be more focused on buying a house and raising children than on retirement planning. But the sooner you get into the habit of savi...

Tips For Successful ACH Transfers

Keep these things in mind to ensure transactions between your financial institutions are seamless. What do shopping online, sending money to friends through an app, and having your tax refund deposited directly into your bank account have in common? They’re all possible thanks to the Automated Clearing House (ACH)—a computer network that moves...

First-Time Home Buyer? Get to Know Homeowners Insurance

Protect your home (and everything in it) for years to come. Congrats on deciding to buy your first home. It’s an exciting (if perhaps a little intimidating) step. But  your  home with  your  stuff? How cool is that? Like anything you own that carries special meaning (your car, jewelry, musical instruments, etc.), you’ll want to protect your new...

The 8 Things to Do Right After a Car Accident

Maybe another driver ran a red light, maybe you skidded on icy roads, or maybe a storm wanted to see what the maple in your front yard looked like through your windshield. Don’t panic. No matter how minor or severe your auto accident, there’s a step-by-step checklist for what to do next. Ensuring everyone is safe always comes first, then...

After Recent Decline, CDs Rebound

With the highest rates in years, CDs are well worth a look. Not only are SELCO’s certificate rates among the best anywhere, if our rates rise within 30 days, we'll automatically increase yours. Rewind to the early 1980s. The United States was feeling the sting of two full-blown recessions . Inflation rates hovered around 10–13% and interest rate...

What Does It Mean to Be a SELCO Member?

Everyone deserves to Live a Good Life—and could use someone who’s looking out for them along the way. Whatever “a good life” means to you, we’re committed to helping you get there. SELCO is a place where everyone belongs and where you have a true advocate and partner ready to help you set and reach your financial goals. Simply put, it’s a place...

Introducing SELCO Contactless Cards

All newly issued SELCO credit and debit cards are now contactless, giving you the ability to simply tap to pay. If your SELCO Visa ®  card has the Contactless Indicator on it, here’s all you need to know to confidently tap to pay: Look Find the Contactless Symbol at checkout. Tap Simply tap your Visa contactless card on contactless-enabled...

Buying Your First Home: A Realistic Guide

To buy or not to buy? That is the question facing many prospective homeowners in today’s topsy-turvy housing market. Buying a home at any point can feel intimidating. There’s just so much to consider—finding a home that meets your needs, finding the right agent, finding the right mortgage professional, qualifying for a mortgage, signing so many...

Umbrella Insurance: Stay Dry From Lawsuits

Insurance isn’t just about protecting your investments—it’s about protecting your responsibilities, too. Accidents can happen to anyone, and when they do, someone usually needs to take legal responsibility. Depending on the damage done or a jury’s discretion, this liability could easily add up to six or seven figures, far beyond the limits of a...