2019 Canton Helpline Annual Appeal is in the mail!

Your help is needed! Watch your mail! The town-wide 2019 Canton Helpline Annual Appeal is going in the mail in mid-April. Starting this year, donations by PayPal are also accepted. Canton Co-operative Bank is honored once again to be the Canton Helpline Annual Appeal ‘Mailing Sponsor,’ supporting the work of this community-focused non-profit that does so much good in Canton.

Photo: Vice-President/Senior Loan Officer & Helpline Board Member Anabela Vasconcelos and Helpline Treasurer Maureen Harriman

Smart About Money: Should a parent co-sign on child’s car loan?

While it is generally not a good idea to co-sign a loan for an adult friend or family member who may have well-known problems managing their finances, co-signing an auto loan (or apartment lease) for a son or daughter is a different situation. Should you do it? The answer is … it depends. It depends on the child. It depends on the car or apartment. It depends on the parent.

Free! First-Time HomeBuyer Info Session on Saturday, April 13th at Canton Co-operative

Canton, Mass. – Canton Co-operative Bank is sponsoring a free 90-minute First-Time HomeBuyer Info Session on Saturday, April 13th. Check-in is at 9:45AM and the program is from 10AM to 11:30AM at the Bank’s offices at 671 Washington Street in Canton Center. First-time homebuyers are invited to attend to get objective answers to all of their questions about mortgages, buying in this market, protecting themselves legally and more.

Open and review your mail … please!

A few weeks ago, there was a story in a local paper about a man in his 30s who answered a knock at his door and found a policeman standing there with a warrant for his arrest.

According to the police officer, the man had unpaid charges due to his Town and he had not responded to letters or the summons the Town had mailed him.

Smart About Money: Quit something today!

There’s something you’re paying for that you’re not getting your money’s worth on. You know exactly what it is because it’s the first thing that’s coming to mind as you’re reading this.

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.

Smart About Money: Should I co-sign a loan?

“Should I co-sign a loan for a family member or friend?” is a question bankers hear all the time. It’s a common request and you may choose to co-sign. But before agreeing, you need to be absolutely clear about the risks you’re taking when you co-sign.