Leverage The Tax-deferred Savings of an Individual Retirement Account
When it comes to retirement, many individuals are unaware of the benefits of saving for retirement outside of the typical 401K account. An Individual Retirement Account (IRA) is a different approach to saving for retirement. Individuals can choose to contribute to a Traditional IRA or a Roth IRA, or even both. Opening an IRA can…
Read MoreHow To Prepare For Tax Season
In the U.S., filing an annual tax return and paying income tax by April 15 each year is required. Collecting documents well ahead of time and storing them in a secure place is a good idea. Here is a list of what is needed to help prepare for tax season. Tax Documents January is when…
Read MoreMake-A-Wish Maine
Make-A-Wish Maine uses trained volunteers to meet with children and their families to determine a wish. Their staff then works together to make the wish come to life! The average cost of a wish is $7,000 to ensure all wish expenses are covered. On the Make-A-Wish website, it is stated that wishes are more than…
Read MoreYour House, Opportunities, and interest rates.
Currently, mortgage rates are near 4%, which is still very low by historical standards. However, the Federal Reserve has hinted that it could raise interest rates soon. How does this affect a HELOC or Home Equity loan? What should you do if you are thinking about refinancing or taking out a home mortgage? In this…
Read MorecPort Credit Union Takes Part in Free Tax Preparation Program in Portland
cPort employees are volunteering their time to help Mainers get their 2021 taxes prepared for filing. The program we are taking part in is called CA$H Greater Portland. To be eligible for free tax preparation, your household must have made $58,000 or less in 2021. CA$H Greater Portland is a group of IRS-certified volunteer tax…
Read MoreBoys and Girls Clubs of Southern Maine
Welcome to the cPort Community Spotlight series! Twice a month, cPort will shine a light on a different organization, highlighting the incredible work they do to support the community. This week, cPort is shining a light on the Boys and Girls Clubs of Southern Maine (BGCSM). BGCSM provides after-school and summer programs to almost 3,000…
Read MoreStart Saving Now for The Holidays
Now that the magic of the holiday season is over, it’s a good time to start thinking about next year. With all the joy of the season, it can be expensive. But, if you start saving now, you’ll be prepared to celebrate the season with your holiday funds already saved for you. Set up a…
Read MoreFour Ways To Buy A Car
After preapproval for an auto loan, it’s time to go out and buy a car. Where’s the best place to find new wheels? In this article, we’ll review the top four places people buy cars and the pros and cons of each. Car dealership At a dealership, car shoppers can see available vehicles in person.…
Read MoreSpot Scams Before They Happen
cPort continually strengthens its fraud prevention system to help protect members. However, even with these efforts, there is nothing to stop fraudsters from contacting members directly to try to get information needed to bypass our enhanced fraud prevention systems. Scammers may do this by posing as a financial institution employee to gain your trust. They…
Read MorePay Down Your Debt with a Consolidation Loan
Worried about the debt you’ve racked up over the past year? Do you want to start 2022 with a clean slate? cPort may have a solution to help put your financial concerns a little more at ease. With consolidation rates as low as 4.99% APR*, this could be the perfect way for you to pay…
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