The Fox Facts - Spring 2018 by Fox Communities Credit Union

is a new community support initiative PICTURE YOUR RETIREMENT Have you ever thought about established by what you want your retirement to look like?

RETIREMENT SAVINGS PRODUCT OPTIONS Traditional/Roth IRAs and 401(k)s are all designed to be an incentive to save for retirement. These accounts act as containers for your investments. Inside them, your money can grow and accumulate tax-free.

QUESTIONS

First Time Homebuyers Should Each account type works a little differently: Spring Ask Themselves Summer 20162018

Saving for Retirement More than a Financial Institution First Time Homebuyers

Fox Cares Foundation

401(k)

ROTH IRA

TRADITIONAL IRA

IN THIS ISSUE • $5,500 annual IN THIS ISSUEcontribution limit » New to Fox Fox Communities • Contributions are pre-tax » Fox in the Community Because these accounts » First Time Homebuyers It’s hard to do (especially if your » Bike to the Beat may be self-directed, you can • Contribution amounts Credit Union How does» Fox my in credit history look? are retirement is decades away), but the Community choose from a wide range » Quickfrom Tips & Resources deducted your income tax designing the life you want can Good credit» is the than key to getting a mortgage. More a Financial Institution of investment options. » Enhanced Protection • Withdrawals in retirement are be motivating. View your credit report online, for free, by » Annual Meeting Invite taxed as ordinary income » annualcreditreport.com. First Time Homebuyer Review visiting Do you envision... » Saving for Retirement » How to Save on Groceries and comb through your report for possible “Created to help members “contribute with confidence,” the foundation Traveling the provides world? opportunities of improvement a simple way to provide donations that will or be errors. managed responsibly Pursuing and directed to reputable charitable nonprofit 501(c)3 organizations. On behalf a passion? • $5,500 annual contribution limit Living Kyle of members, our goal is to improve the lives of our friends and neighbors in Members and Cheyenne the simple life? about Do I have all necessary documents Roth IRAs may not give • Contributions are after-tax you tax breaks on your to enter their first home. need,” states Bruce Kotarek, Fox Cares Foundation Board President. ready for the loan approval process? Settling in a new city? contributions, but the fact • Contribution amounts cannot be Reduce stress later by collecting your that you don’t pay taxes deducted from your income tax on qualified withdrawals paperwork now, including the past two years Am In addition to member donations, the foundation will be funded through proceeds from I ready to settle down? • Withdrawals in retirement are events like “Bike to the Beat” and Fox’s staff holiday silent auction. of: pay stubs, financial statements, W2s, is a huge perk. Consider the longevity Why doof your tax-freeand addresses of your landlords. tax returns they call it current employment, personal a “nest egg”? life “I’ve long admired Fox Communities Credit Union’s commitment to a wide range of and the responsibilities involved in becoming a home Should get pre-approved? community programs and organizations,” notes Mary Harp-Jirschele, Fox Cares Foundation • Set upI through your employer If your employer offers owner. Evaluate your current Getting pre-approved not only saves you time YouBoard member. “Now, as a member of the foundation board, I can see and feel the great may have seen retirement company match (free • $18,000 annual contribution limit stage in being life before you take savings referred to as a on in your home hunting process, it can also money!) on your 401(k) work firsthand! Members can be very proud of the many contributions made on their behalf • Contributions are pre-tax “nest egg.” The term is at least the financial and emotional make you a “preferred buyer” in the eyes ofcontributions,you should to local organizations.” 300 years old and describes • Contribution amounts move into your own home. a seller. For example, whencome working with atake advantage of it. Be savings set aside for a later directly from your salary pre-approved buyer, sellers may be more aware that 401(k) plans use. It’s likely derived from Fox Cares Foundation will focus its support on organizations helping people throughout How will a mortgage • Withdrawals in retirement are the farmers’ practice of putting willing to lower the asking price, include tend to have more limited Northeastern Wisconsin discover the security of a warm home, the stability of a warm meal investment options. eggs into my hens’budget? nests as a way taxed as or ordinary income impact appliances, cover your closing costs. and the freedom to share the warmth in their hearts through the arts. to get induce more sense egg-laying. It’s To a better of your a weird analogy, but the term The chart above is a simplified guide. Full details and exceptions are not listed here. Learn budget and the impact of a What’s suggested for house hunting? has stuck around to this day! more at IRS.gov or talk to your credit union. Registered trademark of Currency Marketing. mortgage, use our free online Do your research and talk to reputable Realtors calculator at foxcu.org/calculators, in your area about the real estate climate. Most or speak to one of our loan Realtors are paid a commissionCultivating from the sellers officers to crunch the numbers. the arts and their insights can be a huge advantage. It lost on your With so many paths to choose, it’s easy to get Consider what your total monthly maytoward be veryaconvenient to use online sitesdirections to IT’S OKAY TO ASK way secure retirement. The right can make payment will be including real search for your home, but working with a all the difference. I can help you create a road map and choose FORand DIRECTIONS Homelessness estate taxes insurance. Don’t Realtor and touring neighborhoods, may give the vehicles that align with your needs. forget about closing costs and youinvestment a better sense of property values. home maintenance expenses. Hunger and Call today for more information or to schedule food insecurity a consultation with Fox Communities Credit Union Investment Services: Take advantage of our Jeff Rufe - Financial Consultant FIRST TIME HOMEBUYER PROGRAM 920.993.3723 or jeffrey.rufe@lpl.com • As low as 3% down payment Cover Story: Free pre-approvals You, •Us and the Community: Foxis board members and Community staff helped pack food (pictured at Feeding America •proud Bi-weekly payment options Fox to be “Your Partner!” Discoverabove) how Fox is Making for people facing hunger within Eastern Wisconsin. This is one of the many ways • $500 off closing costs! Not NCUA Insured Not Credit Union Guaranteed Life Happen through the sponsorships of many fun-filled community events we May Lose Value Watch forand thecommunities rollout of Fox Foundation help “Make Happen” within the weCares serve. See more what we do within the FoxLife Cities, Green Bay Lakeshore areas. (page 2& 3). ofwebsite. to help the community on pages 4 & 5.Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed Securities offered through LPL Financial, affiliates. Fox Communities Credit Union Investment Services are not registered brokers/dealers nor affiliates of LPL financial.

DO NOT give out your online banking information to anyone! By providing someone with your username, password and answers to your security questions, you have now opened up the door for them to potentially: • Change your username, password and security question answers, which would lock you out of your Online Banking account. • Change your email/mailing address. • Sign up for services like Mobile Check Deposit and Bill Pay where they can send themselves funds from your account.

Beware! Scam artists may do the following to get your Online Banking info: • Contact you offering to send you money (in most cases they’re someone you have never met in person). • Contact you online with an offer that is too good to be true. • Give you “good reasons” why they need your Online Banking access... for instance to move money into or through your account. You will NEVER need to provide your Online Banking information to… • Receive payment from an employer. • Receive proceeds from a loan. • Make online purchases. If you feel at any time your Online Banking information has fallen victim to fraud or identity theft, contact us immediately!

Let’s Put the Fun into Financial Education! Financial education is one of the many important resources we provide our members. We’re excited to announce that we have two new online financial education tools, geared for members 18 and under... and they’re fun!

For Teens

For Youth

Both are designed to help educate how money is earned, managed and saved using the following interactive tools: • Games • Comics and cartoons • Podcasts • And more To learn more about these and other financial education resources and programs we offer, visit foxcu.org/youth

www.foxcu.org

Spring 2018 • Fox Facts | 2

is a new community

Homebuyers Should Each account type works a little differently: Ask Themselves

support initiative

PICTURE YOUR RETIREMENT Have you ever thought about established by what you want your retirement to look like?

QUESTIONS

Saving for Retirement More than a Financial Institution First Time Homebuyers

Fox Cares Foundation

401(k)

ROTH IRA

TRADITIONAL IRA

• $5,500 annual contribution limit • Contributions are pre-tax Because these accounts It’s hard toCredit do (especially if your How does my amounts credit history Union • Contribution may belook? are self-directed, you can retirement is decades away), but Good credit isfrom the key getting atax mortgage.choose from a wide range deducted yourtoincome designing the life you want can View your credit report online, for free, by of investment options. • Withdrawals in retirement are be motivating. visiting annualcreditreport.com. Review taxed as ordinary income and comb through your report for possible Do you envision... opportunities of improvement or errors. “Created to help members “contribute with confidence,” the foundation Traveling theprovides world? a simple way to provide donations that will be managed responsibly Members and directed to reputable charitable nonprofit 501(c)3 organizations. On behalf Kyle and Cheyenne about Pursuing a passion? Do I haveannual all necessary documents • $5,500 contribution limit to of members, our goal is to improve the lives of our friends and neighbors in enter their first home. Living not give Roth IRAs may the simple life? ready for the loan approval process? • Contributions are after-tax need,” states Bruce Kotarek, Fox Cares Foundation Board President. you tax breaks on your Reduce stress later by collecting your Settling in a new city? contributions, but the fact • Contribution amounts cannot be paperwork now, including the past two years Am I ready to settle down? yourstatements, income taxW2s, that you don’t pay taxes of: deducted pay stubs, from financial Consider the longevity of your In addition to member donations, the foundation will be funded through proceeds from on qualified withdrawals • Withdrawals in retirement arelandlords. is a huge perk. tax returns and addresses of your current employment, personal events like “Bike to the Beat” and Fox’s staff holiday silent auction. Why do tax-free life and the responsibilities they call it involved in becoming a home a “nest egg”? Should I get pre-approved? “I’ve long admired Fox Communities Credit Union’s commitment to a wide range of owner. Evaluate your current Getting pre-approved not only saves you time community programs and organizations,” notes Mary Harp-Jirschele, Fox Cares Foundation stage in life before you take on • your Set up through yourprocess, employer in home hunting it can also If your employer offers Board member. “Now, as a member of the foundation board, I can see and feel the great You may have seen the financial andretirement emotional make you a “preferred buyer” in the eyes ofcompany match (free • $18,000 annual contribution limit savings being referred as a work firsthand! Members can be very proud of the many contributions made on their behalf move into your owntohome. a seller. For example, when working with a money!) on your 401(k) • Contributions are pre-tax “nest egg.” The term is at least to local organizations.” pre-approved buyer, sellers may be more contributions,you should 300 years old and describes • Contribution amounts come How set will a mortgage willing to lower the asking price, include take advantage of it. Be savings aside for a later directly from your salary aware that 401(k) plans use. It’s likely from impact myderived budget? appliances, or cover your closing costs. Fox Cares Foundation will focus its support on organizations helping people throughout tend to have more limited • Withdrawals in retirement are the farmers’ practice of putting To get a better sense of your Northeastern Wisconsin discover the security of a warm home, the stability of a warm meal investment options. eggs into and hens’the nests as a way taxed as ordinary income budget impact of a and the freedom to share the warmth in their hearts through the arts. What’s suggested for house hunting? to induce more egg-laying. It’s mortgage, use our free online Do your research and talk to reputable Realtors a weird analogy, but the term The chart above is a simplified guide. Full details and exceptions are not listed here. Learn calculator at foxcu.org/calculators, in your area about the real estate climate. Most has stuck around to this day! more at IRS.gov or talk to your credit union. Registered trademark of Currency Marketing. or speak to one of our loan Realtors are paid a commission from the sellers officers to crunch the numbers. and their insights can be a huge advantage. It Consider what your total monthly may be very convenient to useCultivating online sites to payment will be including real the arts search for your home, but working with a With so many paths to choose, it’s easy to get lost on your estate taxes and insurance. Don’t Realtor and touring neighborhoods, may give OKAY way secure The right directions can make forgetIT’S about closing TO costsASK and youtoward a betterasense of retirement. property values. homeFOR maintenance expenses. Homelessness all the difference. I can help you create a road map and choose DIRECTIONS the investment vehicles that align with your needs.

Fox Communities

Hunger and insecurity FIRST TIME HOMEBUYERfood PROGRAM

Take advantage of our

• As low as 3% down payment • Free pre-approvals • Bi-weekly payment options • $500 off closing costs!

Not NCUA Insured

Call today for more information or to schedule a consultation with Fox Communities Credit Union Investment Services: Jeff Rufe - Financial Consultant 920.993.3723 or jeffrey.rufe@lpl.com

Not Credit Union Guaranteed

May Lose Value

Watch for the rollout of Fox Cares Foundation website. www.foxcu.org Spring 2018 • Fox Facts | 3 Securities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed

Fox in the Community

Green Bay igNight Markets Travel open-air markets that feature mash-up art, life-size games, food & drink vendors, live art and music. • June 16 On Broadway District • July 21 On Broadway District • August 18 Leicht Park • September 15 On Broadway District

Fly a Kite Fest

• June 30 Arnie Wolff Sports Complex, Green Bay Enjoy giant & precision stunt kite shows and kids’ activities such as kite decorating.

Soar on the Shore

• August 18 Crescent Beach, Algoma Come watch the professionals as they soar kites both big and small. Bring the entire family to this family friendly event!

Kites Over Lake Michigan

• September 1 - 2 Neshotah Beach, Two Rivers Largest kite festival in the Midwest with stunt kites, music and fireworks.

Visit foxcu.org/calendar for a full listing of details! Details are subject to change.

Dementia Conversations - Free/Open to Public MAY 14 • 2:00pm - 3:00pm Fox Communities Credit Union 3401 E. Calumet Street, Appleton At this workshop, the Alzheimer’s Association will offer tips on how to have honest and caring conversations with family members about going to the doctor, deciding when to stop driving and making legal and financial plans.

Paper Shredding & Electronic Recycling MAY 19 • 9:00am - 1:00pm Two Rivers Senior Center On-site paper shredding and electronic recycling. JUNE 11 - 16 Clintonville, Luxemburg & New London branches Paper shred bins available during regular office hours. JUNE 16 • 8:00am - Noon Timber Rattlers Stadium, Appleton Resch Center, Green Bay On-site paper shredding and electronic recycling.

Paperfest Balloon Glow

• July 21 Sunset Park, Kimberly Music, food, games and balloon glow.

Lakeshore Balloon Glow

• August 17 Downtown Manitowoc Kids games, music, food and balloon glow at dusk, featuring Fox’s balloon!

igNight Market Balloon Glow

• August 18 Leicht Park, Green Bay Open-air vendor market, live music, art and balloon glow at dusk.

Homeland Experience

• September 21 - 22 Family friendly original music/artistic performances presented all around the Green Bay area.

www.foxcu.org

TRACK 3

2018

AUGUST 4 • 7:00am - 2:00pm • Appleton to De Pere Enjoy a leisurely-paced, family friendly bike ride where live music from original artists and an array of food from local businesses will be featured at each course stop. We’re proud to say that all participant fees will go back to our communities through the Fox Cares Foundation. (see next page)

Stay up to date on the latest information at foxbiketothebeat.com or by following the event on Facebook!

Spring 2018 •

Fox Facts | 4

Saving for Retirement More than a Financial Institution

Fox Cares Foundation

is a new community support initiative

PICTURE YOUR RETIREMENT Have you everestablished thought about by what you want your retirement o look like?

Fox Communities

Each account type works a little differently:

401(k)

ROTH IRA

TRADITIONAL IRA

• $5,500 annual contribution limit • Contributions are pre-tax Because these accounts Union t’s hard to doCredit (especially if your are self-directed, you can • Contribution amounts may be etirement is decades away), but choose from a wide range deducted from your income tax designing the life you want can of investment options. • Withdrawals in retirement are be motivating. taxed as ordinary income Do you envision... “Created to help members “contribute with confidence,” the foundation provides a simple way to provide donations that will be managed responsibly Traveling the world? and directed to reputable charitable nonprofit 501(c)3 organizations. On behalf of members, our goal is to improve the lives of our friends and neighbors in Pursuing a passion? • $5,500 annual contribution limit need,” states Bruce Kotarek, Fox Cares Foundation Board President. Roth IRAs may not give Living the simple life? • Contributions are after-tax you tax breaks on your Settling in a new city? contributions, but the fact • Contribution amounts cannot be In addition to member donations, the foundation will be funded through proceeds from that you don’t pay taxes deducted from your income tax events like “Bike to the Beat” and Fox’s staff holiday silent auction. on qualified withdrawals • Withdrawals in retirement are is a huge perk. Why do tax-free they call it “I’ve long admired Fox Communities Credit Union’s commitment to a wide range of a “nest egg”? community programs and organizations,” notes Mary Harp-Jirschele, Fox Cares Foundation Board member. “Now, as a member of the foundation board, I can see and feel the great • Set up through your employer work firsthand! Members can be very proud of the many contributions made on their behalf If your employer offers You may have seen retirement company match (free • $18,000 annual contribution limit to local organizations.” avings being referred to as a money!) on your 401(k) • Contributions are pre-tax nest egg.” The term is at least contributions,you should 300 years old and describes • Contribution amounts come Fox Cares Foundation will focus its support on organizations helping people throughout take advantage of it. Be avings set aside for a later directly from your salary aware that 401(k) plans Northeastern Wisconsin discover the security of a warm home, the stability of a warm meal use. It’s likely derived from tend to have more limited and the freedom to share the warmth in their hearts through the arts. • Withdrawals in retirement are he farmers’ practice of putting investment options. eggs into hens’ nests as a way taxed as ordinary income

o induce more egg-laying. It’s a weird analogy, but the term has stuck around to this day!

Homelessness

IT’S OKAY TO ASK FOR DIRECTIONS

The chart above is a simplified guide. Full details and exceptions are not listed here. Learn more at IRS.gov or talk to your credit union. Registered trademark of Currency Marketing.

Cultivating the arts

With so many paths to choose, it’s easy to get lost on your way toward a secure retirement. The right directions can make all theand difference. I can help you create a road map and choose Hunger theinsecurity investment vehicles that align with your needs. food Call today for more information or to schedule a consultation with Fox Communities Credit Union Investment Services: Jeff Rufe - Financial Consultant 920.993.3723 or jeffrey.rufe@lpl.com

Watch for the rollout of Fox Cares Foundation website. Not NCUA Insured

Not Credit Union Guaranteed

May Lose Value

Fox Factsor| 5 Spring 2018 • Securities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial its licensed www.foxcu.org

Join us for our 81st Annual Meeting! SUNDAY, MAY 6, 2018 Two locations with one meeting being conducted simultaneously through live video/audio.

Appleton The Grand Meridian • 2621 N. Oneida St.

Green Bay Rock Garden/Comfort Suites • 1951 Bond St. President, Greg Hilbert

Board Chairman, Bill Panella

Courtesy bus transportation available!

Doors open

1:30pm

Meeting

2:00pm - 3:00pm

Meeting and bus transportation reservations can be made at foxcu.org/calendar or by calling 920.993.9000

For the Appleton Meeting: » Clintonville 11:45am » New London 12:30pm

3 N. Main St. 1302 N. Shawano St.

For Green Bay Meeting: » Manitowoc 11:45am » Two Rivers 12:30pm

62 Maritime Dr. 1515 17th St.

Why Attend? As a member, you are an owner of the credit union. Our annual meeting of membership is where the volunteer Board of Directors and the President present our previous year's statement of condition and provide a brief overview of updates for the current year.

Election of Directors At the annual meeting, each person who has been a member for more than 3 months, is at least 18 years of age and is the primary member (first name on the account) is able to cast their vote in the Board of Directors election. The Board consists of nine members who are entrusted with the responsibility of the general direction and control of the credit union. Beginning April 16, 2018, visit foxcu.org/board-of-directors to review a brief resume and video of each nominee.

VOTE!

If you cannot make the meeting, vote during absentee voting week April 23 - 28, 2018, using one of the following methods: » Electronically using online banking » In person at any Fox location

www.foxcu.org

Spring 2018 •

Fox Facts | 6

Do you envision...

TRADITIONAL IRA

It’s hard to do (especially if your retirement is decades away), but designing the life you want can be motivating.

Each account type works a little differently: • $5,500 annual contribution limit • Contributions are pre-tax • Contribution amounts may be deducted from your income tax • Withdrawals in retirement are taxed as ordinary income

Because these accounts are self-directed, you can choose from a wide range of investment options.

ROTH IRA

PICTURE YOUR RETIREMENT Have you ever thought about what you want your retirement to look like?

• $5,500 annual contribution limit • Contributions are after-tax • Contribution amounts cannot be deducted from your income tax • Withdrawals in retirement are tax-free

Roth IRAs may not give you tax breaks on your contributions, but the fact that you don’t pay taxes on qualified withdrawals is a huge perk.

Traveling the world? Pursuing a passion? Living the simple life? Settling in a new city?

You may have seen retirement savings being referred to as a “nest egg.” The term is at least 300 years old and describes savings set aside for a later use. It’s likely derived from the farmers’ practice of putting eggs into hens’ nests as a way to induce more egg-laying. It’s a weird analogy, but the term has stuck around to this day!

IT’S OKAY TO ASK FOR DIRECTIONS

401(k)

Why do they call it a “nest egg”?

• • • •

Set up through your employer $18,000 annual contribution limit Contributions are pre-tax Contribution amounts come directly from your salary • Withdrawals in retirement are taxed as ordinary income

If your employer offers company match (free money!) on your 401(k) contributions,you should take advantage of it. Be aware that 401(k) plans tend to have more limited investment options.

The chart above is a simplified guide. Full details and exceptions are not listed here. Learn more at IRS.gov or talk to your credit union. Registered trademark of Currency Marketing.

With so many paths to choose, it’s easy to get lost on your way toward a secure retirement. The right directions can make all the difference. I can help you create a road map and choose the investment vehicles that align with your needs. Call today for more information or to schedule a consultation with Fox Communities Credit Union Investment Services: Jeff Rufe - Financial Consultant 920.993.3723 or jeffrey.rufe@lpl.com

Not NCUA Insured

Not Credit Union Guaranteed

May Lose Value

Securities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Fox Communities Credit Union Investment Services are not registered brokers/dealers nor affiliates of LPL financial.

www.foxcu.org

Spring 2018 •

Fox Facts | 7

Saving for Retirement

3401 E. Calumet Street Appleton, WI 54915

THANK YOU for voting us

VALLEY’S BEST

CREDIT UNION & Financial Planning Services!

FOX it FORWARD Refer a friend to open a Fox checking account & receive...

It’s Easy! Fill out the form below to “forward” your love for Fox with friends & family! Referring Member: Full Name ____________________________________________ Phone Number ________________________________________ Friend’s Name: _________________________________________ Friend must present offer form at time of account opening. Referring members must be in good standing with a positive balance. The friend being referred to FCCU cannot be a current member. Friend required to meet membership eligibility requirements, open a share account and open an active checking account to qualify. Friends opening multiple accounts will not earn multiple incentives. The incentives will be deposited to both parties when the transaction is finalized. The incentive is considered dividend income and may be reported at the end of the year. The availability of the Fox it Forward program is subject to change. FCCU employees are not eligible. Expires 5-31-18.

Our Mission We at Fox Communities Credit Union have a commitment to enrich the quality of life for our members through personalized financial services. The Credit Union is dedicated to the protection of our members’ financial well-being and to operate in an economically sound manner. The Credit Union will provide an atmosphere of professionalism, friendliness, and mutual trust. We shall remain strong in the communities through our support and involvement.

Follow & Like Us: facebook.com/foxcu Watch Our Videos: vimeo.com/foxcu Read Our Blog: foxcu.org/blog Call Us: Appleton Area Black Creek Clintonville Green Bay Area Luxemburg Manitowoc New London Oshkosh Two Rivers

920.993.9000 920.984.4200 715.823.2191 920.490.2900 920.431.6688 920.682.6946 920.982.9420 920.233.2890 920.793.1700

www.foxcu.org Federally insured by NCUA. Equal Housing Opportunity.