Apply for a Brokaw Credit Union $500 Scholarship!
Brokaw Credit Union is awarding one scholarship of $500 to a graduating high school senior planning to continue his/her education at a four-year university or two-year technical trade school.
Completed applications must be submitted to a Brokaw Credit Union office by the close of business on Thursday, March 10, 2016, for consideration by the selection committee.
Credit Union Membership Is Worth Hundreds
Did you know you're saving money—maybe hundreds of dollars a year—just by being a Brokaw Credit Union member? Credit unions typically charge fewer and lower fees than other financial institutions, according to the Credit Union National Association's (CUNA) latest membership benefits report.
Don't Let Money Worries Rob You of Sleep
Money worries are rampant among Americans.
A recent survey by CreditCards.com found that 62% of Americans were losing sleep over their financial problems. The most common fears they expressed were not having enough money for retirement and educational expenses. If you find that money worries are keeping you up at night, here are some steps you can take:
1. Ask yourself some questions.
The first one should be, “What are you really worried about?” Then ask yourself, “Is it something I have control over?” If it is something within your control, take steps to fix the problem. Living within your means can help you get on track to mend most money problems;
2. Develop an action plan.
When there is a specific money problem nagging at you, it’s easy to avoid dealing with it and simply hope your circumstances will change. But to truly change the situation, confront it head on. Taking an honest look at your finances, and develop a plan of action.
3. Take specific measures today that will reduce your stress in the long run.
Set aside a little money each paycheck—no matter how small—to begin an emergency savings account. Strive to put away enough to cover at least three months’ expenses; ideally, stretch it to as many as eight months. Don’t get hung up on how big this number is—just steadily keep adding to your fund. Develop a side gig—such as selling belongings or handmade items online or leveraging a skillset like freelance photography—so you have multiple income streams;
4. Meet with a financial adviser to make sure you’re saving enough for retirement.
Whether you open an (IRA) individual retirement account at your credit union or a 401(k), start saving now. If your company offers to match your contributions to your 401(k), contribute at least the amount you need to in order to get the match. If you don’t, it’s like leaving free money on the table; and
5. Visit BCU for help.
As not-for-profit financial cooperatives, every credit union’s mission is to help members become better stewards of their finances. We offer multiple services, educational opportunities, and trained staff to help you conquer your money problems.
Home Buyer’s Seminar
Thursday, February 25
Presenters include BCU Mortgage Specialist, Cheryl Konkol, and other professional guests! Learn the necessary steps to make a wise purchase for your next abode.
Saving on health insurance can be easy with the TruStage Health Insurance Program.
Need health insurance? The open enrollment period runs from November 1 until January 31.
© TruStage, 2016. All rights reserved.
The TruStage Health Insurance Program is made available through TruStage Insurance Agency, LLC and GoHealth LLC. GoHealth LLC is licensed to sell nationwide and operates in all states with the exception of Massachusetts, Hawaii, Vermont and Rhode Island. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.
*Families eligible for the Advance Premium Tax Credit save an average of $434.39 per month on their health insurance when they shopped through GoHealth (2015 OE). **Over 75% of those who enrolled through GoHealth are eligible for the Advance Premium Tax Credit to lower the cost of their health insurance (2014 OE)
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