Common Trust Federal Credit Union 52nd Annual Meeting was held on April 16, 2019.

The Annual Meeting was held on Tuesday, April 16, 2019 beginning at 4:30 pm at the Credit Union 8 Cedar St., Woburn, MA 01801.

Members had the opportunity to listen to reports regarding the state of the credit union and learn about the new initiatives that the credit union will be presenting to the membership in the coming months.  The credit union also awarded two scholarships to graduating high school seniors.

Because there were only two (2) nominations for two (2) spots there was no need for an election. A motion was made and second by members in attendance to accept the two (2) nominees to serve on the board. We would like to welcome the following people who will serve a three (3) year term; Bill McGrath and Jane O’Connor.

  • The 2019 Annual Report is available for download HERE.
  • Statement of Financial Condition is available for download HERE.

Tax Tips: How to Save More and Stress Less

Mar 17th, 2020

We’re a little over halfway through March, which means Tax Day is fast approaching. You may have already filed your return and are anxiously awaiting the direct deposit or have arranged your method of paying any outstanding dues. If you haven’t started filing—don’t wait! In the case of owing any money to the IRS, the due date for payment is still April 15th even if you file for an extension on the deadline.

Thankfully, there are a few ways to put a little more cha-ching in your wallet this tax season. You may even find that you’ve been neglecting some tax breaks and losing money on past tax returns as well. In this blog, we’ll dive into a few tips and tricks to save more money on your tax return while filing, and how to continue to save even after you file. In just six steps, you’ll be on the road to better understanding your tax return and how to make the most out of it.

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Check out our feature on Woburn Spotlight!

Mar 12th, 2020

Over the past two years, Common Trust Federal Credit Union has made huge strides towards becoming […]

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How Tax Loans Work—And How They Can Work For You

Mar 3rd, 2020

If you’re like most people, taxes are the last thing on your mind when you start off the new year. Everything is running smoothly until you start getting rampant emails from Turbotax asking if you’re ready to file. A sizable refund can be a great way to save up for future purchases—but what if you find out you owe more than you get back? You may be racking your brain trying to determine where you could have gone wrong. Not to worry—a tax loan is the perfect way to pay off what you owe without breaking the bank. To make things a little easier, we’re going to review the ins and outs of tax loans, and how they can help you jump-start your debt payoff.

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