On The Money Newsletter, January 2021

On the Money QUARTERLY NEWSLETTER | JANUARY 2021

SCHOLARSHIPS AVAILABLE IN THIS EDITION PAGE

LENDING LANE WFCU MOBILE APP

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MEET DUSTIN 2021 SCHOLARSHIP

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IN THE COMMUNITY ANNUAL MEETING

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3 Common Credit Myths Good credit is essential if you want to get the best rates when buying your home or a new car. We’re here to bust these three common credit myths to help make your journey to great credit a smooth one!

1. ”Checking my credit report will dramatically lower my credit score.”

What matters is who pulls your credit report and why. When a lender pulls your credit report for a credit application, it will show as a “hard inquiry.” A hard inquiry impacts your credit score by about 5 points. In contrast, if you are checking your credit report yourself from one of the credit bureaus, it will show as a “soft inquiry” and will not affect your credit score.

2. “My income affects my credit score.”

While your income may play a part in whether you can obtain a loan, it doesn’t directly affect your credit score. Your credit score is a tool measuring your likelihood to repay a loan based on the payment history shown in your credit report. With that, your income does not impact your ability to have a great credit score, you just have to borrow responsibly!

3. ”Bad credit is forever.”

We’ve all made mistakes. When it comes to credit, it’s easy to feel like you’re doomed to have a low credit score forever. Thankfully, you can rebuild your credit if you’ve had some mishaps in the past. It takes some time, but with the right amount of dedication and patience, you can build up good pay history and increase your score. At WFCU, we offer FREE personalized credit reviews.

Call us, and we’ll show you how we can help!

Contact a Loan Specialist for more details! Call 316.941.0600, Option 4.

DID YOU KNOW? You can tell Alexa™ to pay your bills from your WFCU accounts?

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Login to online banking and go to “Bill Pay” Under “Voice bill pay”, click “Add Alexa™ “ Create iPay Quickpay™ credentials Login to the Alexa™ app and search for the iPay Quickpay™ skill and enable it Follow instructions and use the credentials you created in the “My Account” page to link the skill to bill pay

Alexa™ is a trademark of Amazon.com, Inc. iPay Quickpay™ is a trademark of Jack Henry and Associates, Inc.®

WFCU On The Money | January 2021

Introducing...

Dustin LaRue Consumer Lending Manager

Dustin, Mitzi, and Racy

Dustin began his career with WFCU in January of 2020. He has a Bachelor’s Degree in Business Administration and many years of experience in the financial industry. He is passionate about helping our members and making a difference in our community.

One of Dustin’s greatest accomplishments is earning a Bachelor’s Degree.

When he was 25, he decided to go back to school. Shortly after enrolling, he found out his wife was expecting a baby. Dustin said, “We knew it would be difficult, but decided that with a baby on the way, it was even more important to continue my education and build a future for our family.”

Mitzi and Dustin in St. Lucia

In his spare time, Dustin enjoys playing board games, swimming in the family pool, and traveling with his wife, Mitzi

2021 Dana Winkler Scholarship

Each year Wichita Federal Credit Union awards eight $1,000 scholarships to students and their accredited educational institutions. Since 2004, 135 students have been awarded a combined total of more than $119,000 in scholarships. If you are interested in applying, see our website for eligibility requirements and application instructions.

The deadline to apply is April 1, 2021.

Visit wichitafcu.com for details

WFCU On The Money | January 2021

to tropical destinations. They recently celebrated their 10th wedding anniversary in St. Lucia We asked Dustin what he loves most about working for WFCU, and this is what he had to say: “I’m lucky to be a part of a talented, motivated, and all-around extraordinary team. They work hard everyday to meet the needs of our members. They also do their best to educate members about how to improve their credit. We don’t just take an application. We listen to our members and try to understand what they have gone through or are going through so that we can do our part to help them improve their personal financial situation. That’s what I love about my job, is helping others meet their financial goals.”

Watch for more WFCU team members in upcoming newsletters.

EAST OFFIC E

IN THE COMMUNITY World Kindness Day WFCU donated non-perishable food items to six Paxton’s Blessing Boxes in Wichita on World Kindness Day. You can donate anytime, just go here to find a box near you:

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9835 E. 21st St. N. | Wichita, KS 67206

CIT Y H ALL O

paxtonsblessingbox.com.

WEES T OFF

ICE

455 N. Main St., Rm. 410 | Wichita, KS 67202

It Takes a Village It Takes A Village Inc. provides a structured and stable living for at-risk youth in our community. Their goals are to support their residents’ education, the pursuit of employment, and ultimately their transition to independent living. WFCU partners with Banzai to provide online financial literacy education to all of those who live here.

Learn more by visiting:

itavtransitionalhomes.net

#inspireICT

#wfcuproud

ANNUAL BUSINESS MEETING Date: Wednesday, March 10, 2021 Location: 9835 E. 21st St. N., Wichita, KS. 67206 Time: 6:30pm This year the Annual Business Meeting will be held outside at the East Office.

We ask that all attendees comply with social distancing, wearing masks, and any other mandates in place during that time due to the pandemic. Please dress accordingly for weather, as the meeting will take place rain or shine.

3730 W. 13th St. N. | Wichita, KS 67203

316.941.0600 WFCU Holiday Closures: JAN

Martin Luther King Day (All offices closed)

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Presidents Day (All offices closed)

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················ Coming Soon: MAR

Annual Business Meeting Meeting begins at 6:30 pm

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Dana Winkler Scholarship Application Deadline

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Watch for more details on our Facebook page and at wichitafcu.com

East & West Office Hours: For current hours and service information visit wichitafcu.com. We’re always open on our mobile app! Check balances, review transaction history, and make transfers easily. Download our app today!

us follow

nd more events on our Facebook page and f low us on Twi ter @Wichitafcu!