Conference 7.286::dcu

    I can answer 1 and give a bit of insight into 2.  Yes, DCU has at
    least 2 ATM machines in Nashua.  There is one at Spit Brook road
    between ZK1 and ZK2.  This is inside and would require and escort
    for a non-employee (although DCU is supposed to do this during banking
    hours).  The other one I know about it on Amherst Street in the
    DECdirect building.  (It is right near Steve's Ice Cream/D'Angelos
    and Indian Head Bank).  This one is accessible without escort or
    badge.
    
    Re 2:  DCU is considered a MA bank.  I work and live in NH, and
    as I recall, NH managed to stick me for taxes on out-of-state income.
    (And you thought NH was tax-free!)  I don't know how all this affects
    your case, although I would note that you will have to pay MA income
    tax on income earned in MA even though you live in NH.  You might
    be better off if you may your DCU tax to MA, since MA treats DCU
    income favorably as an in-state bank.  (Standard disclaimer applies...
    I am not an accountant; see your own; your milage may vary...)
     
    Burns
    

.1> I work and live in NH, and
.1> as I recall, NH managed to stick me for taxes on out-of-state income.

    Just how did NH tax you? I have been in the same situation for four
    years and have never been taxed for earnings from the DCU.
    
    -Glenn- 

    Re .0
    
    There is also an ATM in Merrimack.  This one is located inside the
    doorway at MKO2 and does not require an escort.
    
    With regard to splitting your paycheck between DCU and another bank.
    Yes, this can be done as I do it right now.  However, the set up
    procedure is a bit indirect.
    
    The way this is accomplished is something like this.  You can have
    various amounts deducted from your paycheck into any number of accounts
    at the DCU.  You can also have your net pay deposited into any bank
    or financial institution that accepts direct deposit but this deposit
    MUST be to a checking account.
    
    What you do is deduct fixed amounts to each DCU account, including
    your checking account.  Then set up the balance (your "net pay")
    to go to your bank account.
    
    Re .1 -- NH taxes you as an out of state account
    
    I also lived in NH for two years, had no bank accounts except for
    DCU and never paid any tax on the earnings.  Are you saying that
    I failed to declare this income to NH??
    
    Larry Sojda
    BTO Manufacturing

        I'm neither an accountant nor a tax lawyer, so don't take my word
        for it, but it is my understanding that, since the DCU has
        branches in NH as well as MA, that interest paid on DCU accounts
        is treated as in-state interest income by BOTH of the two states.
        Your accountant or tax lawyer may advise you differently. 
        
        The relevant point of this is that, while NH doesn't tax interest
        income earned in a NH bank (but does tax income on out-of-state
        deposits), MA taxes both in-state (5%, if I recall correctly) and
        out-of-state (10%) interest income (at least, for MA residents,
        which you will not be, according to what you said).  I believe
        that, as a NH resident, you don't have to pay tax on your DCU
        income in NH (in-state bank) or in MA (not earned in MA, and you
        are not a resident). 
        
        It should go without saying that if you live in NH and work in MA,
        you will have a more complex tax situation than if you lived and
        worked in the same state.  It might behoove you to consult someone
        trained in the "official" rules. 
        
        Tom

    
    Hi Ed,
    
    	I work in Acton (ACO) on Route 2.  ATM access here is no
    	problem because BayBanks (one of the largest banks in MA)
    	is in the CIRRUS system.  I know of at least 2 BayBanks
    	close to my site (easy to run out at lunch time if necessary)
    	as well as many from here to the NH border.  Feel free to
    	send me mail if you have other questions.
    
    Wayne
    

    re:.0
    
    Will you be at ACO or AKO? For what it's worth, there is no
    Easycash ATM at AKO, but there is a DCU branch in AKO1.
    
    --- jerry

	I had an accountant do my taxes the last few years that I lived
	in NH (1985 & 86).  The interest from DCU was counted as in NH
	because DCU had branches in NH.

	I did have to pay income Tax in NH because I had over
	a certain ($1000.00, I think) amount of interest income.
	This interest income includes checking & stock dividends.

    Well, I'm vindicated regarding the fact that NH does tax things.
    However, I don't remember exactly what they taxed for me; I thought
    it was DCU interest, but I am probably wrong.  I'll try to take
    a look.
    
    Burns

    N.H *does* levy taxes on moneys earned from stocks and bonds when
    greater than a certain amount (probably greater than $500-800).
    Perhaps this is the tax to which you are referring?
    
    Marc Carignan