Should you agree to co-sign a loan?

Canton Co-operative Bank President & CEO Nick Maffeo writes a popular monthly column on finances for the Canton Citizen. (His columns can be found on the Citizen web site and also here on Canton Co-operative’s web site).

He recently wrote in detail about the pros and cons of co-signing a loan for a family member or friend.

The bottom line: Co-signing is a complicated financial decision that should never be made quickly or casually.

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Smart About Money: A Case For Honest And Clear Lending Costs

Have you booked a ticket for an airline flight lately? The pricing options for seating, boarding priority and luggage allowed have exploded. It can be time-consuming to figure out the most cost-effective option. It’s all too easy to miss the “old days” when buying a plane ticket didn’t seem to involve so much nickel & diming.

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“Dad … why do you still bank there?

One of our employees here at Canton Co-operative recently went with her father to the Big Bank where he has a home equity line to ask some questions about his account because what she was seeing on his statements didn’t make sense.

“I work at a bank, so I know how things are,” she said. “And I know how we treat customers at Canton Co-operative.” What she heard from the customer service representative at the Big Bank made her really mad.

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2018 Holiday Hours, Holiday Happenings and Holiday Gift Ideas

HOLIDAY HOURS
Christmas and New Year’s Day are on Tuesdays this year and the Bank will be closed. Online/Mobile Banking, telephone banking and ATMs are available 24/7.

FYI – Canton Co-operative Bank will close at 12 noon on both Christmas Eve, Monday, December 24th and New Year’s Eve, Monday, December 31st.

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Smart About Money: Military service pays dividends now and later

Earlier this year, there was a report in The Washington Post about a teacher in Southern California who called U.S. service members “the lowest of our low.”

Apparently the school district was “deluged by thousands of emails, many from veterans, active-duty troops and military family members.”

Continue reading Smart About Money: Military service pays dividends now and later