Tag Archives: USACU

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

Member Moment : Karen’s Auto Solution Story

Karen.

Going to the car dealership can be stressful. From dealing with the salesperson, to negotiating, and just about everything in between. It is hard, and honestly can be a bit scary. Which is why USAgencies Credit Union partners with Auto Solution, a trusted local auto broker. They are knowledgeable auto consultants who will find the car of your dreams… and you don’t even have to leave the house.

Recently Karen, USAgencies’ member since 1979, used Auto Solution for her first time after talking to her loan officer. Can you guess what she loved most about her experience? You guessed it, not going to the dealership! “My favorite part was not having to go play the game with the sales people. They are just so annoying, and pushy and talk you into things that you don’t really want to do.”

Karen was kept informed every step of the way by Auto Solution, and not only did they get her a great deal on her new car, they also helped her trade in her old vehicle. “I feel that anyone who uses Auto Solution could benefit from their service. Well worth it. Just stay at home, let them negotiate for you, then deliver your new car to your door. Does it get any better than that?!”


Auto Solution is our trusted auto broker with 25 years of industry experience. Between now and Dec 22nd, purchase a vehicle with Auto Solution, and finance with us, and they’ll donate a bike to a local child in need. Learn more.

 

 

It’s Toy Drive Time!

Benefiting local kids

USAgencies is excited to once again participate in the KGW Great Toy Drive. For more than 30 years, the KGW Great Toy Drive has provided hundreds of thousands of toys to families in Oregon and Southwest Washington.

We invite our members, friends and neighbors to stop by and donate a toy (or toys!) for local families in need. Donate at USAgencies Credit Union by Dec. 13th and we’ll match your donation, toy for toy!

Here’s how it works:

  1. Buy a new, unwrapped toy.
  2. Drop your toy at USAgencies (95 SW Taylor Street, Portland, OR) by Dec. 13th.
  3. USAgencies will match each donation we collect, toy for toy (up to $500)!

Questions: giving@usacu.org | (503) 275-0300

Introducing… GreenPath

USAgencies is pleased to announce our newest member benefit – GreenPath Financial Wellness.

As a valued member of USAgencies, we are committed to serving you.  And as a benefit to you, we are providing you with free access to money management and financial education services.

USAgencies has teamed up with GreenPath to bring you GreenPath Financial Wellness, a financial education and counseling program.  Through comprehensive education and exceptional service, GreenPath has been assisting individuals for more than 50 years.

As a member of USAgencies, you can receive assistance from GreenPath with:

  • Personal and family budgeting
  • Understanding your personal credit report and how to improve your score
  • Personal money management
  • Debt repayment (fees may apply)
  • Avoiding bankruptcy, foreclosure, and repossession

GreenPath can give personalized answers to your individual needs.  For issues ranging from developing a proactive savings plan to preventing home foreclosure, advice is only a phone call or click away.

To learn more about this new service, simply call 1-877-337-3399 or visit USACU.org/education.

Become a SMART Reader

As you know, USAgencies has partnered with Enterprise Car Sales to help bring awareness to the SMART (Start Making a Reader Today) program with our Smart Savings Car Sale & funds drive. For all those who’ve purchased a vehicle, or donated funds, THANK YOU so much. For those of you who haven’t yet, there’s still time! Our Smart Savings Car Sale & funds drive runs through October 31st.

But perhaps you’re not in the market for a new vehicle, or funds are tight… We wanted to shed light on another way to help SMART (Start Making a Reader Today)– by volunteering! If you can’t give monetarily, you may want to consider giving some of your time by becoming a much-needed volunteer reader.

What: Volunteer one hour a week to read with children in our community!

  • Inspire a love of reading and books.
  • Read one-on-one with PreK – third-graders.
  • SMART students receive books for their home collection.
  • Training and support provided!

Where: An elementary school or Head Start program near you in the Portland Metro Area

When: Programs run during school hours—October 2017 – May 2018.

  • Time commitment varies—minimum one hour a week.

Interested in becoming a volunteer reader with SMART (Start Making a Reader Today)? Apply online at www.getsmartoregon.org/volunteer or call 971-634-1628.

5 Reasons to Start the Car Search at Your Credit Union

Before you set foot on the dealer lot, you’ll want to be informed about your options. Here are 5 reasons why starting the search at your CU is the better deal… 

Lower rates.
Maybe you’ve come across a dealership offering 0% financing on certain cars. Seems like that might be the best deal, right? If you check out the fine print, it’s usually not. Dealers often use this low rate to tempt buyers onto the lot, and into their financing office. Once you begin the purchase process, and start to fill out their paperwork, you may not qualify for that special 0% rate. Dealers count on those buyers that don’t qualify for the 0% to balance out any loss they might take, and their non-qualifying rates are usually substantially more than the 0% offer.

Better prices.
GAP (Guaranteed Asset Protection) insurance protects you against having to pay out your loan balance if your car is stolen or totaled. It’s a smart thing to add to your new car purchase, however you’ll want to be careful who you purchase it from. Some dealers require you to buy GAP insurance if you finance through them, and they can be much more expensive than what you’ll find at your Credit Union. The dealer is counting on you not to ask questions or to shop for a better deal. Compare USAgencies GAP product to the dealer’s, and you’ll find it’s a great deal. And we welcome your questions! Our mission is to Improve Each Member’s Financial Life. The more informed you are, the smarter a shopper you are, and the better a deal you’ll get.

Personalized service.
Members tend to have a much more personable experience at a credit union when compared to the financing department at the dealer. At your Credit Union, there are no high-pressure sales tactics- you can openly discuss any concerns you might have about your loan, talk about repayment options and review your personal financial goals with a professional that’s dedicated to your best interests. When you know your Credit Union offers quality loan products, fair pricing, and transparent lending policies, this can help alleviate some of the pressures of securing vehicle financing.

Educational resources.
Credit Unions have a ton of educational resources available to their members (usually for free) to help you make the best possible financial choices. From learning more about financing options, to calculating your monthly payment, to understanding additional insurance options—your Credit Union wants to do everything it can to help you make the best decision for your needs and goals. USAgencies Credit Union also has a whole host of financial education tools available to members online. From webinars, to articles, to interactive modules, USACU is here to help ensure you’re making an informed purchase. Feel free to browse our online resources anywhere, anytime.

Owned by YOU.
Unlike dealerships, or banks, which often create high-pressure sales goals and give bonuses for the loans they get approved, credit unions work for our members. We’re owned by our members, so we always have your best interests at heart. We aren’t trying to sell you products or services you don’t need, just to make a profit. We’re not-for-profit, so all profits made end up being returned to you in the form of lower rates, lower and fewer fees, and better savings rates. If you don’t like the pressure of working with lenders dealer financing company or bank, consider heading to your Credit Union first. We’ll steer you in the right direction.

 


Need one more great reason? Now through Oct. 31, you can save 1.00% on your auto loan rate during our Smart Savings Car Sale!

Questions about how to begin your search? Connect with us.