On the Money QUARTERLY NEWSLETTER | JANUARY 2019
IN THIS EDITION
Dana Winkler Scholarship
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KASASA LOANS NEW YEAR’S GOALS INTRODUCING KEVIN WFCU VISA® DANA WINKLER SCHOLARSHIP NOTICES Applications available in January
Coming Soon The Only Auto & Personal Loans with Take-Backs™! At WFCU, we strive to offer members the best products in the market. Soon, we’ll be offering the rst and only loan designed to help you get out of debt faster – Kasasa Loans. These auto and personal loans accumulate any extra cash you pay above the minimum in a “take-back balance.” If you ever need it for an unexpected expense, that cash is there for you to take back with a click of a button in your online or mobile dashboard. If you don’t need it, it will help speed up payoff of the loan and save you big bucks on interest. Kasasa Loans will be available for auto purchase or re nance, debt consolidation, personal projects, and more starting in 2019. Watch for more updates soon!
Meeting your Financial Goals in 2019 3. Find extra income by saving Cut the cord, drop cable. The average bill hit $103 a month last year. By using streaming options, you can save almost $900/yr. Also, switch your cell phone provider. Credit union members get $100/new line when you switch to Sprint, plus $100 Annual Loyalty Cash. Visit lovemycreditunion.org for details.
4. Have Insurance
Achieving your nancial goals isn’t impossible. These five tips can help: 1. Share plan to get out of debt Telling others about your nancial goals makes you more likely to stick to them. Let a close friend or family member know about your resolution to stick to a budget, then regularly update that person on your progress. Not only will you have more support, but you’ll also feel accountable for staying on track.
2. Save Money Build an emergency fund for unexpected expenses. Plan ahead for putting tax return or holiday gift money to good use. Be diligent and only purchase what you need, not what you want.
Let’s say you get into a fender bender. If you don't have insurance, you could owe money for years if you were at fault and don't have insurance. And remember, it’s often cheaper to buy multiple policies through one carrier instead of buying individual policies from different companies.
5. Plan for retirement The best way to determine your savings target is to use an online calculator. It will help you figure out how much you should accumulate and how much you must set aside in the meantime to reach that target. Be sure to update the calculation each year, so that you can see if you're on track. If your employer offers 401K benefits, sign up! Don't leave any money on the table. Many companies have excellent retirement plans for their employees, but you would be surprised at the number of people who do not sign up, so they can have more income now instead of when it really counts.
Introducing...
2017/18 WAHL Champions
KEVIN STOLZHEISE Accounting Specialist Kevin joined the WFCU team in May, 2015. When asked why he loves working at the credit union, he said “I enjoy nding solutions for any issue a member may be having. I also enjoy the atmosphere of the people I work with closely every day. I speci cally enjoy our Oreo Club where we try all of the new Oreo avors. (Swedish Fish Oreo's… Worst. Oreo. Ever.)
Kevin in his goalie gear
Kevin's friends and family are very important to him and he usually spends a few nights a week visiting with them. When asked what his parents would say was his biggest accomplishment he said, “My parents would say they are proud they raised a son with a heart of gold, who is pretty laid back and can laugh most things off.”
Kevin has also played ice hockey since the age of 8. His claim to fame, “I'm a former pro athlete! A couple years ago, the Rapid City Rush were playing the Wichita Thunder in Wichita. The Rapid City Rush backup goalie was injured and they needed an emergency back-up. I took warm ups with the team and kept the bench warm during the game. It was fun living out a childhood dream of being a goalie on a professional team, even if it only lasted one night. My teammates also get a kick out of saying they are playing with a professional athlete.” Watch for more WFCU team members featured in our upcoming news.
Kevin with his dogs, Kahlua and Koko
Stop Wasting Money on Interest Save tens of thousands of dollars over the years with a WFCU Platinum Visa® If you’ve got better things to do with your money, switch to a WFCU Platinum Visa®. Now is the best time, because the current rate is 8.50% APR*, and there’s NO TRANSFER FEE when you switch. Here’s what you might be paying with another card, compared to a WFCU Platinum Visa®. Visa Lender
WFCU BANK/OTHER LENDER
Credit Card Balance
$8,000.00
WFCU BANK/OTHER LENDER
Annual Percentage Rate
8.50%
Monthly Payment
3% of balance
23.0% 8.50%
$15,000.00
Interest Paid
How Long to Payoff
$2,335
11 years
$13,187
22 years
$4,499
13 years
$25,572
27 years
3% of balance
23.0%
TOTAL SAVINGS
$10,852** $21,073**
*APR=Annual Percentage Rate **Table is for estimates only. 8.50% based on credit. Restrictions apply.
News and Notices Dana Winkler Scholarship
Through the Dana Winkler Scholarship program, Wichita Federal Credit Union has awarded over $94,000 to students in our community. Each year WFCU awards up to eight $1,000 scholarships to quali ed applicants. The volunteers of the Scholarship Committee review scholarship applications to determine scholarship recipients. If you are interested in applying for a scholarship, please visit wichitafcu.com for eligibility requirements and application instructions. WFCU employees, officials and immediate family members (spouse or domestic partner, child, step-child, or sibling) are not eligible.
2019 Annual Business Meeting The WFCU Annual Business Meeting will be held at a new location on Monday, March 18, 2019. The meeting will be held at: Wichita Federal Credit Union East Branch 9835 E. 21st St. N. Wichita, KS 67206 The meeting begins promptly at 6:30pm, with light refreshments afterward. Be sure to join us, we look forward to seeing you. Please watch for more details on a membership appreciation event which will take place in the Spring of 2019.
Newsletter Notice $100 Cash Reward with Every New Line ✓ Get a $100 cash reward for every new line ✓ Current Sprint customers get 25% off select accessories in Sprint stores. ✓ Plus, get a $100 loyalty cash reward every year for every line
316.941.0600 WFCU Holiday Closures: FEB DEC JAN
1 FEB DEC JAN
21 FEB FEB
18
Martin Luther King Jr. Day (All offices closed) Presidents’ Day (All offices closed)
Coming Soon: MAR
18 Visit LoveMyCreditUnion.org/Sprint for details.
FEB APR
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Have you seen us out in Wichita? We want to inspireICT with random acts of kindness, like picking up the tab for your coffee or paying for a tank of gas. Follow us on Facebook and Twitter to nd out where we'll be next, and tag us- #inspireICT #wfcuproud
New Year’s Day (All offices closed)
2019 Annual Business Meeting WFCU East Branch 9835 E. 21st St. N., Wichita, KS. Meeting begins at 6:30pm Dana Winkler Scholarship Deadline
wichitafcu.com