Tag Archives: savings

I won $1,000 with Save to Win!

We’re excited to congratulate USAgencies’ biggest Save to Win prize winner in 2018 – Shauna W., who took home $1,000 in a quarterly national drawing this October.

Shauna, a member of USAgencies Credit Union since 2007, has been participating in Save to Win since June 2018. She is very excited about her win and cannot wait to share this program with her friends and family.

“I have been saving money with USAgencies Credit Union for many years. I like saving with the credit union partly because it’s a small office with great customer service. I am having a lot of fun with the Save To Win CD. I have been saving the maximum $250 every month to get the maximum number of entries in the drawing. I have enjoyed getting contacted by the credit union staff telling me I’ve won a drawing. It’s fun and more lucrative than interest has been lately!”

Save to Win was designed to encourage members, who are not in the habit of savings, to start saving money by making deposits as little as $25 a month for a chance to win cash prizes. On top of this great program, we also provide free financial education tools and resources to help our members achieve strong financial futures.


Visit here to learn more about Save to Win at USAgencies Credit Union.

ENGLISH insurance label

 

Letter from the CEO: We’re all ears!

All good things must come to an end…and be replaced with something way better!

You may have noticed a few changes around here lately. Not only did we redesign our website with a fresh new look, but we also upgraded our Online and Mobile Banking solutions. We are very excited to bring you these enhancements to give you easier access to your accounts, and smarter technologies that will give you an even better banking experience!

Some of these new features include the ability to customize your accounts in Online Banking by hiding and sorting your accounts any way you like – creating an online banking experience of your own. We also introduced our new Money Management tool that will help you track your budget and spending, as well as giving you valuable insights about your finances – ensuring you are in control of your financial life.

This time last year, we received valuable input from our members who expressed interest in having access to Financial Advisory Services here at USAgencies Credit Union. Which is why we are excited to announce we have partnered with Michael Volk of KMS Financial Services, Inc. to offer investment services and financial planning to our members. Michael shares our member centric values and has been working with credit unions since 2003. This fall Michael will have a presence in our branch and will be available to members.

Your input has provided us valuable information and direction on how we can serve you better. Meanwhile, USAgencies Credit Union will continue to strive towards our mission – To provide solutions to improve each member’s financial life, in the years ahead.

Jim Lumpkin, President/CEO, USACU
Jim Lumpkin
President/CEO
USAgencies Credit Union

 

 

 

Letter from the CEO: Retirement Savings

Did you know that nearly half of all American families have no retirement savings? That is not a recipe for retirement happiness.  Saving for retirement is the most important thing you can do to ensure a financial future full of exciting possibilities.  But, it takes effort and a long-term commitment to saving regularly to get you where you want to be.  It’s estimated that you will need a retirement income of 70% or more of your earning income to maintain your current lifestyle throughout your retirement years.  Are you on track?

There are several savings tools available to help you reach your retirement goals. It’s important that you educate yourself on the benefits of each investment tool, to ensure you retire with adequate financial resources.

If your employer offers a 401(k) plan, take full advantage of your employer’s match. Maximizing the match ensures that you get the full benefit of the “free money” your employer contributes towards your plan.

An Individual Retirement Account, or IRA, is another great way to help you reach your retirement goals. You may also consider making a tax-deferred contribution to a traditional IRA, which can be applied to your 2017 tax return (if made before April 17, 2018).

Increase retirement savings amount each year until you are saving 10-15% of your income. Let us know what questions you have about IRA’s, or other savings tools, – we’re here to help you reach your retirement goals.

Jim Lumpkin, President/CEO, USACU
Jim Lumpkin
President/CEO
USAgencies Credit Union

I won $500 with Save to Win!

Congrats to USAgencies’ biggest Save to Win prizewinner yet–Jesse! Jesse took home $500 in a quarterly multi-state drawing this January.

Jesse’s very excited about his win and said this was a “nice surprise” and was thrilled with the “good news.” He mentioned he hadn’t won at the Credit Union level yet but that he hopes to win again soon… maybe with “a couple more zeros added onto that check” next time around.

Save to Win was developed by Commonwealth, the Filene Research Institute and the Michigan Credit Union League (MCUL). The MCUL launched the pilot program in partnership with eight Michigan credit unions in 2009 and has since expanded to include several states. The program is now administered by CU Solutions Group, an affiliate of MCUL.

To date, the program has awarded more than $2.3 million dollars in cash prizes and has helped credit union members save nearly $140 million nationwide.


 

To learn more about Save to Win at USAgencies Credit Union, visit https://www.usacu.org/savetowin.

ENGLISH insurance label

Our First Two Winners!

We’re excited to congratulate USACU’s first two Save to Win monthly winners — Spencer C. & Jonathan C. Spencer and Jonathan each received prizes of $25 for their participation in the Save to Win program. For every $25 deposited into their Save to Win account, they earned one entry into the monthly, quarterly and annual prize drawings. They’re both looking forward to saving for more entries into next month’s drawings!

Save to Win, which has been featured in the Wall Street Journal, the New York Times, and on PBS and NPR, was developed by the Doorways to Dreams Fund, the Filene Research Institute and the Michigan Credit Union league. Michigan was the first state to offer the Save to Win program in 2009. Since then, several other states joined this prize-linked savings program, which include Connecticut, Indiana, Illinois, Nebraska, New York, North Carolina, Virginia and Washington & last month- Oregon. To date, the program has awarded more than $17 million in prizes and has helped credit union members save more than $100 million nationwide.

To learn more about Save to Win at USAgencies Credit Union, visit https://www.usacu.org/savetowin.

ENGLISH insurance label

Energy Saving Tips for the Holidays

From our friends at BALANCE

The holidays can be an energy guzzler.

The Christmas lights are hung and turned on 24/7. The oven is busy baking gingerbread cookies, yams, turkey, etc. The whole family is at home and turns on all of the lights…and the television…and the computer. Between driving to stores to buy gifts and attend holiday dinners and parties, the car gets double its normal use.

Not only is all of this excessive energy use bad for the planet, but it drains your wallet as well. However, there is no need to turn off the lights on holiday cheer. Here are five easy ways you can reduce your energy consumption.

Skip the Christmas lights.
Instead of using Christmas lights, why not use decorations that don’t need to be plugged in, like garland and ornaments? But, if you just can’t live without them, consider purchasing LED Christmas lights, which use about 80-90% less energy than conventional ones.

Turn off your household lights.
With people typically on vacation during the holidays and friends and family visiting, lights tend to get turned on more. However, you do not need to eat in the dark to save energy – just walk around periodically to make sure that the lights are not on in empty rooms. Also remember to unplug items that drain energy even when they are off, like computers, televisions, and cell-phone chargers (when you are not using them, of course!).

Don’t drive more than you need to.
Instead of visiting the mall multiple times, try to buy all of your gifts in one trip. Draining your gas tank shopping can be avoided if you buy on-line, but sometimes the shipping fees are more than what you would have spent on gas driving to the mall. If you need to travel a long distance for a celebration, consider carpooling. You may not want to spend an extra 45 minutes with Aunt Marie, but you can ask her to pay for half of the gas.

Turn down the thermostat.
Heating is the highest energy expense in most homes, so not having the heater at full blast could save you hundreds of dollars. Certainly, you do not want the house to feel like a freezer, but why not try lowering the temperature a few degrees and putting on a sweater? (You may have received an ever-so-stylish one in holidays past!) When guests are over is often a good time to turn the thermostat down since crowded rooms tend to be warmer than empty ones.

Avoid excessive appliance use when cooking and cleaning.
You can use the oven more efficiently by cooking multiple dishes at the same time. Wait, but what if you have a pie that bakes at 400° and bread that bakes at 350°? You may be able to get away with baking them both at 375°. Or, if you only have a small amount to cook, use a more energy-efficient toaster oven or microwave instead. When washing dishes, consider doing it by hand, or, at the very least, only turn on the dishwasher when it is full.

By being conscious of and reducing your energy consumption, you can enjoy the holidays without breaking out in a sweat when January’s energy bill comes.