Unlock the Value of Your Home
Chances are, the value of your home has risen in the last few years. That means you are sitting on a pile of extra cash!

So whether its renovating the kitchen, adding a home office, paying for higher education or making a big purchase, your home can pay for it all with a Home Equity Loan or Line of Credit!
Home Equity Loan
If you prefer steady monthly payments over the life of your loan, choose a fixed-rate home equity loan:
  • Borrow a lump sum for a specific purpose
  • Lower closing costs (call us for an estimate of closing costs so you can compare)
  • No intangible tax
Home Equity Line of Credit (HELOC)
The loan that gives you a Credit Line based on your available equity.
  • Borrow up to 80% of the value of your home
  • Only charged interest on the amount of the credit line that you draw
  • May be tax deductible
You may be sitting on a pile of cash. Contact us at 305.324.4004 or CLICK HERE for more info on our website.
Now is the time to BUY it!
The new car market is slim and your best bet might be sitting right in your driveway! To discuss purchasing your leased vehicle, call 305.324.4004, ask for the Loan Department.
Tax Day is Around the Corner…

Tips to Make Filing
Your 2023 Taxes Easier
New rules for tax credits and new reporting for business payments on apps could make the 2023 tax season more challenging for some taxpayers. E-file for a faster return and don’t be afraid to get help, especially if this year’s taxes will be more complicated than in years past.

Start Early to Avoid Delays.
Even with additional IRS employees working to help taxpayers deal with changing and potentially confusing requirements, this filing season could still be a tough one

File an Accurate Return
If your tax return differs from what the IRS has on file, it may be flagged for a manual review, which could lead to a full-blown audit and possibly delay your refund.

Plan for an Extension Now if You Need One
If you can't get your tax information together by the April 18 deadline, you can file an extension to automatically move your deadline to October 16.

Check New Rules on Credits and Deductions
Here are a few credits and deductions to consider:
  • Child tax credit: In 2021, you may have received a temporary child tax credit of up to $3,600 per eligible child, half of which was sent as monthly advance payments. In 2022, the Child Tax Credit returns to its 2019 amount: up to $2,000 per eligible child.
  • Child and dependent care credit: The child and dependent care credit credit topped out at $8,000 in 2021. In 2022, it has a maximum of $2,100.
  • Earned income tax credit: Generally speaking, earned income tax credits are lower this year than last. Check with the IRS for details on new income eligibility and credits for 2022.
  • Premium tax credit: If you purchased health insurance through the health insurance marketplace in 2022, the American Rescue Plan Act temporarily expanded eligibility for this credit by including taxpayers with household incomes above 400% of the federal poverty line.
  • Clean energy vehicle credit: Tax credits of up to $7,500 are still available for qualifying electric and plug-in hybrid vehicles, but eligibility rules changed with the passage of the Inflation Reduction Act in 2022. Check to make sure your vehicle purchase qualifies before claiming the credit.
  • Donations to charity: In 2021 only, charitable donations were deductible as a separate line item even if you took the standard deduction. This year, you'll have to itemize your deductions if you want to claim a deduction for charitable giving.
Get Set & Go
Using IRS hotlines may be challenging again this year, so the IRS offers online resources that may help answer your questions.

Their guide to getting a jump on your taxes offers tips for preparing and tracking your return, including electronic filing options for individuals and resources for e-filing your return—the fastest route to a refund this year.
We’d like to welcome the following three people to our Miami Firefighters Federal Credit Union family…

Barbara Moreno comes to us with over 25 years of financial experience and is skilled at all aspects of banking, lending and giving great customer service. Ms. Moreno spent 15 years at Educational Federal Credit Union as the Senior Mortgage Loan Manager. Help us to welcome our new VP of Lending.

Alexis Labloy, our new Controller, has been an accountant in the military as well as the controller for many institutions. Mr. Labloy has overseen all facets of financial and budget management at these companies since December 2008.

Meet Emily Cabrera, our newest employee. Emily spent seven years at Wells Fargo in many different roles and will be heading up our Business Development. If you are around the branch office, come say hello starting April 10th.

Help us welcome Barbara, Alexis and Emily to the family at Miami Firefighters FCU!
Holiday Closings
Monday, May 29, 2023
Monday, June 19, 2023 

Tuesday, July 4, 2023
Thank you for your loyalty and continued commitment. 
305.324.4004 • 1.800.426.3324 • Fax 305.324.7585
Federally insured by the National Credit Union Administration