Holiday Closings
The Credit Union office will closed on Monday, September 6th in observance of Labor Day.
Hot Dogs for Hot Rods
Stop by for the kickoff on September 17th. There will be random prizes awarded throughout the day. Take advantage of incredible loan rates on New and Used Cars, Trucks, ATV’s, Motorcycles, Boats and Campers as low as 2.50% APR*. Free GAP Plus* Insurance up to a $700 value. Refinance from another lender to a One Credit Union loan and qualify for grand prize drawing. (One of three $500 cash prizes*).
*APR is annual percentage rate. $7,500 minimum loan amount for new, used, and refinanced from other lenders to qualify for Free GAP and Grand Prize Drawing. GAP approval is subject to certain restrictions. See lender for details. Winners of Grand Prize drawings will be chosen no later than 10/31/2010. Rate is determined by an assessment of your credit and may vary from rate shown. Offer subject to change without notice.
Paperless Yet????
When you help the credit union reduce expenses, the savings come back to you in better rates and lower fees.
Switch your accounts to paperless:
· Enroll in online access – giving you control over your accounts anywhere with internet access
· Request direct deposit – for paychecks, federal and state payments (including income tax refunds), and any investment dividends.
· Switch to e-statements – for all your financial accounts and bills
· Set up automatic transfers to other accounts – retirement fund, college fund, holiday account, and vacation account.
· Set up automatic payments – car payments, rent or mortgage, utilities, and phone.
· Pay bills online – credit card, subscriptions, medical and taxes.
Don’t hesitate to speak with us if you have questions about setting up any of the above – We would be happy to help you.
Free Annual Credit Report
The Fair and Accurate Credit Transactions Act (FACT Act) enables you to obtain a free copy of your credit report once a year from each of the three major credit bureaus (Equifax, Experian and Transunion). Go to www.annualcreditreport.com. Or to obtain a credit report from a specific bureau, use one of the links below:
Equifax - www.equifax.com (800) 685-1111
Experian – www.experian.com (888) 397-3742
TransUnion – www.transunion.com (800) 888-4213
5 Crucial Tips For Raising Money-Smart Kids (by Jean Chatzky)
1. Give children money to manage.
To build a sense of real-world prices and values, give your kids some money (allowance?) and let them decide how to use it. This should come with a list of types of purchases that now become their responsibility. But take care: Sometimes we give our kids an allowance but continue to hand out cash when they ask for it, teaching them that there’s always more where that came from.
2. Offer incentives for savings
Instill the habit of saving for the future and for things they can’t afford on a week’s allowance. Decide how you want to reward your child for setting and achieving a savings goal, whether for an iPod or college. Example: Use a dollar-for-dollar match or for every $75.00 you save, I’ll add $25.00.
3. Strongly encourage work.
There’s a big difference between money you give them and the money they earn. When it’s earned money, a night of ice skating isn’t just half their allowance – it’s two hours of work.
4. Talk about money.
This doesn’t have to mean sharing your salary, but it should include discussing the cost of things like dinner out, vacations and college, and which things are family priorities and why.
5. Let them fail.
One way to ensure that financial lessons sink in is to let kids make and live with their mistakes, like a $60 video game that turns out to be boring. Do not buy them a different game. You can suggest they find someone to sell it to but don’t bail them out. Only by carefully considering how to make the most of their money will they make the right decisions with it – at least most of the time.