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.
“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.
Continue reading Smart About Money: Should I co-sign a loan?
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.
Continue reading Smart About Money: A Case For Honest And Clear Lending Costs
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.
A gentleman in his early 80s came to speak with me. There are valuable lessons in his story for everyone who has a pension, who expects to have a pension or who will never have a pension.
Continue reading Smart About Money: No one’s ever sorry to have “saved too much” for retirement
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.
Continue reading 2018 Holiday Hours, Holiday Happenings and Holiday Gift Ideas
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
