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Despite the declining use of checks in the U.S., criminals have been increasingly targeting the U.S. mail to commit check fraud. Authorities recommend that you avoid mailing checks and if you do, that you place them in a secure mail drop such as inside of a U.S. post office. Placing checks in your personal mailbox with a red flag up is not advisable, neither is placing in a blue mail collection box as they have been targeted for theft as well.
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Financial Outlook for 2019: A Goldilocks Economy

Feb 5, 2019

The financial outlook for 2019 is that it is a Goldilocks Economy, not too hot and not too cold.

If you’re looking to start a business or just grow your investments, 2019 is the year to do it. By all major indicators, 2019 is slated to be “a Goldilocks economy” — not too hot, not too cold.

Despite talk of a recession due to some year-end turbulence in the stock market and fears of a prolonged trade war with China, “the U.S. economy,” writes Caroline Baum of MarketWatch, “is not sending out alarm bells just yet.”

One of the best insights into financial strength is the activity of the Fed. The Federal Reserve Bank will increase or decrease federal interest rates in order to cool down or heat up the economy and control inflation. Low rates, like the 0.25 percent from 2008 to 2015, are signs of a poor economy. Hikes are signs of economic strength. The Fed’s decision to increase interest rates eight times in two years, up 400 percent over 2016, with two more hikes planned for 2019, is evidence that the national economy isn’t done growing.

Even in the face of the year-end stock swings of 2018, the Dow Jones Industrial Average averaged a 19 percent return over the last two years. That’s 9 percentage points higher than the previous eight. Add 50-year low unemployment, the highest wage increases in a decade, robust manufacturing, healthy holiday spending, and Gross Domestic Product in the ideal 2.3 to 3 percent range, and you have a very positive financial outlook.

The annual forecast for Georgia is slated to mirror national trends. Following the University of Georgia’s recent Georgia Economic Outlook forum, job growth is anticipated “in all of Georgia’s 14 metropolitan areas and in all of the state’s major industries.” A strong real estate market and the effects of federal tax cuts will push Georgia toward continued economic stability.

With statewide unemployment (3.5%) beating out the national rate (3.9%), earning the honor of sixth-best state to do business, according to 2018 Chief Executive rankings, and a solid 11th place among states with the most Fortune 1000 companies, Georgia is outshining the competition.

Now’s the time to take advantage of the good financial times. Whether it’s to receive information about personal loan options, open a savings account with a competitive interest rate, or to learn about the advantages of doing business with a local credit union, contact us today for more information about how Georgia Heritage Federal Credit Union products and services may help you!

Visit our Georgia Heritage Federal Credit Union website or contact us by phone to open a savings account or checking account or to obtain a personal loan.

Become a Member of GHFCU

Anyone who lives, works, worships, or attends school in Chatham, Effingham, or Bryan counties in Georgia and their immediate family members may gain membership to the Credit Union.

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