On The Money July 2019

On the Money QUARTERLY NEWSLETTER

| JULY 2019

Dana Winkler

SCHOLARSHIP

RECIPIENTS ANNOUNCED

IN THIS EDITION PAGE

SCHOLARSHIP RECIPIENTS LOAN SPECIAL

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MEET MARK CREDIT CORNER

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IN THE COMMUNITY NOTICES

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NEW CONTENT AVAILABLE!

FINANCIAL EDUCATION

wichitafcu.com

GIVING BACK TO OUR COMMUNITY WFCU has awarded 8 students with a total of $8,000 in scholarships. Each recipient was awarded $1,000 to apply toward tuition costs for post-secondary education this fall semester. WFCU began awarding scholarships in 2004. Since that time, 127 students have been awarded a combined total of more than $103,000 in scholarships. We congratulate the recipients of the 2019 Dana Winkler Scholarship.

Alexandra Corns University of KS

University of Nebraska-Kearney

Cammie Davis

Dejuan McPhaul Langston University

Jenny Nguyen University of KS

Libby Schurle Emporia State University

Meg Perez Oklahoma State University

Payton Dearmont Wichita State University

Samatha Howell Wichita State University

Your Loan, Your Way What’s Banzai?

Banzai is a "choose your own adventure" game that prepares you for real life financial decisions. WFCU sponsors 11 schools so they can teach financial literacy to students in a fun and engaging way.

WFCU also offers Banzai Direct, which is FREE to everyone at wichitafcu.learnbanzai.com.

11 Schools in the Wichita area receive Banzai Financial Literacy Courses FREE through our Sponsorship.

1,620 students have completed the Banzai courses since 2017.

FREE Banzai courses for all ages and a Library full of financial lessons, tips, calculators and more are on our website.

wichitafcu.learnbanzai.com

If you need extra cash, now is the time to get a loan.

Check out our loan special:

- Loans up to $1,000 for 10 mos at 10% APR* - Payments as low as $110/month - No payments for 90 days  School expenses

 Pay bills

 Car expenses

 Vacation

 Unexpected expenses

 Whatever you want

*APR = Annual Percentage Rate. Loan programs may change at any time with or without notice. All loans subject to credit approval . Not a commitment to lend. Offer ends September 30, 2019. Some restrictions apply. See wichitafcu.com for complete details.

Introducing...

MARK LONG

Mark and his daughter Brianna.

Accounting Specialist

Mark enjoying the great outdoors!

Elizabeth and Mark

Mark has been with WFCU since April, 1997 making him the employee with the most longevity. He graduated from Pittsburg State University with a Business Administration/ Marketing degree.

When asked what his 3 biggest accomplishments in life are so far, he said: “Finding the love of my life, Elizabeth, and being married to her for 18 years. Being the father of one of the most awesome people I know, and being hired by Wichita Federal Credit Union, which allows me to work with the best people.”

When he's not working, Mark said, “I enjoy being outdoors, walking, watching baseball, reading books, and spending time with my family and friends.” He also loves to travel and has been to 25 of the 50 states. “By far my favorite is Colorado. I love the mountains, the cool temperatures, the wild animals, the Aspens, the old mining towns, the ski resorts, and the hot springs of the state.”

He also enjoys working events and concerts at Intrust Bank Arena, saying that he sometimes meets famous people: “I once said hello to Gregg Marshall when we were walking down the same hall.”

If you’ve called the credit union, chances are you’ve spoken to Mark a few times. His passion is helping people, and we are so thankful to have him on our team.

When asked why he loves working at the credit union, Mark said: “The co-workers and members are like my second family. I enjoy resolving problems and helping people.”

Mark is at our East Branch in his current role as an Accounting Specialist.

Watch for more WFCU team members in upcoming newsletters.

CREDIT CORNER

with John Smutny

John Smutny

Welcome back. In this issue, we’ll be diving into more detail about what determines your credit score. The #1 influencer on your credit score is payment history. It accounts for up to 35% of your score. This means that the most important thing you can do to help your score is pay on time.

Past due payments are reported in 30-day increments starting at 30 days then 60, 90, and 120.

The past two years of activity has the greatest effect on your score. I’ve seen some credit reports that include a late payment by only a few days and 50-60 points were deducted from the score.

Here are a few options WFCU has that can help you stay on top of payment deadlines: • Auto Pay-When getting a loan, you have the flexibility to set up automatic payments monthly, semi-monthly, weekly or bi-weekly.

• Bill Pay-Login to your online banking at wichitafcu.com, select “Bill Pay” and follow the prompts to set it up. You can choose “recurring” payments to payees, which will give you peace of mind that there will be no late payments.

In summary, stay current with your payments to creditors. You can make it easier on yourself by setting up automatic payments and using services like Bill Pay. They are both convenient options and you won’t need to worry about payments being on time-which will benefit you and your credit score.

Watch for the next newsletter, when I will discuss the #2 influencer on your credit report, which affects your score by 30%.

We are here for you and want to help with any questions you may have about credit.

Call us at 316.941.0600 or come see us at any of our 3 branches.

Giving Back Through Financial Education The Way to Work

WFCU’s Candy Thompson and Colton Pruitt instructed courses at the Youth Summer Orientation June 4th at Century II in partnership with the City of Wichita. Students learned about basic money management, handling credit responsibly and the importance of saving.

Cleaning up in our Community Arkansas River Trash Roundup WFCU employees participated in the 2019 Arkansas River Trash Roundup. Together, we filled up 7 bags of trash! Everyone enjoyed helping make Wichita a better place to live!

SHRED DAY

October 19, 9am - 11am West Office

WFCU Holiday Closures: July Independence Day

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Sept

2

(All offices closed)

Labor Day

(All offices closed)

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NOTICE OF FEE SCHEDULE CHANGE Please note, included in the July statements, there is an updated fee schedule which will be effective August 15, 2019. For more information, visit wichitafcu.com/services/fee-schedule.

$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 everyline.

Visit LoveMyCreditUnion.org/Sprint for details.

Coming Soon: Oct Shred Day

19 MAY

West Office Saturday, October 19th 9am - 11am