March Statement Insert

Wauna Credit Union March 2019 Share Statement_Page_1

Open a Jump Start
Youth Savings Account
For a Chance to Win $$$

Wauna Credit Union
Federally insured by the NCUA
24/7 banking
waunafcu.org

Cascade Crest Insurance
Explore and Discover Your World
We’ve Got you Covered
www.cascadecrestinsurance.com
The Freedom to Enjoy Life Doesn’t
Mean Compromising on Protection
Auto/Home/Life/Business/Specialty
503-728-4397

Wauna Credit Union March 2019 Share Statement_Page_2

Roll Into Rebates
Refinance Get 1% cash back 60 days no payments*
All vehicles, watercrafts, off road, unsecured loans, and more can be refinanced!

24/7 Lending, waunafcu.org, 800-773-3236
*Upon loan approval, current and new Wauna CU members who refinance a loan currently financed elsewhere to Wauna Credit Union qualify to receive: 1. an immediate Cash Rebate equal to 1% of the approved loan value; 2. 60-Days No Payments (interest will continue to accrue during the 60-day period); and, 3. Wauna CU will pay the vehicle title transfer fee up to $100 (member is responsible to pay any additional amount). Qualifying Loans: Auto, Truck, SUV, Van, Motor home, trailer, boat, watercraft, motorcycles, side-by-sides, quads, and unsecured loans such as home furnishings, tuition, personal loans, etc.). Minimum loan amount to qualify for special terms: $2,000; Maximum rebate allowed is $500 per qualifying loan. Interest will continue to accrue during the 60-Day No Payment period. These special, promotional financing terms end at close of business April 30, 2019. Rates & financing are offered based on applicant’s credit worthiness and term of the loan. Note: the promotional cash rebate paid to a member may be forfeit if the loan balance is paid in full within 180-days of the loan funding date. Membership with Wauna CU required to be eligible for this special offer.

WaunaCar Roll Into Rebates
1% cash rebate & 60 days no payments* Visit www.waunafcu.groovecar.com today!
*Special “Roll into Rebates” Auto Loan promotion: Wauna Credit Union members (current or new) who finance a qualifying loan (New or Used Auto, Truck, SUV, Van, Hybrid, Electric) using the GrooveCar service are eligible to receive: 1. an immediate Cash Rebate equal to 1% of the approved loan value; and, 2. 60-Days No Payments. Applicants must redeem the “Roll into Rebates” Coupon to Wauna Credit Union during the loan funding period to qualify for the special terms. This Coupon is available only on the Wauna Credit Union page of GrooveCar.com. Interest will continue to accrue during the 60-Day No Payment period. The promotional cash rebate paid to a member may be forfeit if the loan balance is paid in full within 180-days of the loan funding date. This special offer ends April 30, 2019. Membership with Wauna CU required to qualify for this special offer.

Invest In Yourself
Open or contribute to your IRA with WCU. Save for your future.

February Statement Insert

February Monthly Statement Page 1

Roll into Rebates
Refinance
Get 1% cash back
60 days no payments
All vehicles, watercrafts,
off road, unsecured loans,
and more can be
refinanced!
24/7 Lending l waunafcu.org l 800-773-3236
Upon loan approval, current and new Wauna CU members who refinance a loan currently financed elsewhere to Wauna Credit Union qualify to receive: 1. an immediate Cash Rebate equal to 1% of the approved loan value; 2. 60-Days No Payments (interest will continue to accrue during the 60-day period); and, 3. Wauna CU will pay the vehicle title transfer fee up to $100 (member is responsible to pay any additional amount). Qualifying Loans: Auto, Truck, SUV, Van, Motor home, trailer, boat, watercraft, motorcycles, side-by-sides, quads, and
unsecured loans such as home furnishings, tuition, personal loans, etc.). Minimum loan amount to qualify for special terms: $2,000; Maximum rebate allowed is $500 per qualifying loan. Interest will continue to accrue during the 60-Day No Payment period. These special, promotional financing terms end at close of business April 30, 2019. Rates & financing are offered based on applicant’s credit worthiness and term of the loan. Note: the promotional cash
rebate paid to a member may be forfeit if the loan balance is paid in full within 180-days of the loan funding date. Membership with Wauna CU required to be eligible for this special offer. *Special “Roll into Rebates” Auto Loan promotion: Wauna Credit Union members (current or new) who finance a qualifying loan (New or Used Auto, Truck, SUV, Van, Hybrid, Electric) using the GrooveCar service are eligible to receive: 1. an immediate Cash Rebate equal to 1% of the
approved loan value; and, 2. 60-Days No Payments. Applicants must redeem the “Roll into Rebates” Coupon to Wauna Credit Union during the loan funding period to qualify for the special terms. This Coupon is available only on the Wauna Credit Union page of GrooveCar.com. Interest will continue to accrue during the 60-Day No Payment period. The promotional cash rebate paid to a member may be forfeit if the loan balance is paid in full within 180-days of the
loan funding date. This special offer ends April 30, 2019. Membership with Wauna CU required to qualify for this special offer.

ANNUAL MEETING REMINDER
52nd Annual Meeting is 03/12/2019 at 6:30 PM
Erlene Darby Learning Center
49249 HWY 30 Westport, Oregon
Doors open at 6 PM

February Monthly Statement Page 2

Apply for a Wauna Credit Union Scholarship!
Learn more at waunafcu.org

Wauna Credit Union
Federally insured by the NCUA
24/7 Lending l waunafcu.org l 800-773-3236

INVEST IN YOURSELF
Open or contribute to your IRA with
WCU. Save for your future.

Reminder: Call Cascade Crest Insurance
To Compare My Insurance Rates
503-728-4391
Auto/Home/Life/Business
email: info@cascadecrestins.com
www.cascadecrestinsurance.com

February Anniversaries

Today is a day for love. Wauna Credit Union loves all of our employees and members, and today we’re showing our love to all our employees celebrating anniversaries in February.

If you want to be one of the people celebrating next year, check out our careers page.  

Waunaversary Celebrants

Paige Tischer – 7 years

What is your current position?
I am Real Estate Loan Officer based out of our Astoria branch on the coast. I have worked at the credit union for seven years on Valentine’s Day, starting as a Member Consultant. I grew up in Clatsop county, my favorite part of my job is having the opportunity to help our members build their financial well-being. I love helping our community with buying their new homes.

What is something that working at WCU has taught you?

Paige with Flowers
Paige loves being a Valentine Anniversary

Working at Wauna Credit Union has taught me to come to work with passion and purpose every day. Our members can tell that we really care about them and helping them reach their financial milestones.

If you could choose one new hobby what would it be?
I’ve been riding horses my entire life. If I could, I’d build a small barn and spend my time riding all the trails around Astoria.

Karissa Temple – 5 years

What is your current position?
I am a Lending Support Specialist. I have many hats to wear with this position and love that it’s never the same. I fund indirect loans from the dealerships, help MC’s with questions they may have, audit consumer and mortgage loans. I also get to travel around and take pictures of houses for property inspections.

What is something that working at WCU has taught you?
The one that stands out the most is how credit unions are different from banks. How we think about our members needs and how to help them for their future. I have found many members that I have taken under my wing and shared the knowledge that I have gained to help them obtain their financial goals.

If you could choose one new hobby what would it be?
I would pick sky diving for my new hobby.

Kira Zavortink – 3 years

What is your current position?
My current position is Lending Support Specialist. I am tasked with underwriting consumer loans, funding indirect auto loans, auditing mortgages and consumer loans, and completing property inspections and ordering appraisals for mortgages. I am also available to answer any loan questions that Member Consultants might have. I transferred from a front line position in the Warrenton branch this last year. I do miss directly assisting members, but I get to put my skills to work helping members behind the scenes in my new position.

What is something that working at WCU has taught you?
Probably the biggest thing that I have learned working at Wauna is what credit is and how to build it. When I started I had zero credit and zero knowledge on the importance of having a decent credit score. Because Wauna is so dedicated to helping our members with credit score enhancement I have learned so much about what makes up a credit score and how to improve it.

If you could choose one new hobby what would it be?
If time wasn’t an issue I would most likely read or go hiking more often.

Amber Seely – 3 years

Amber’s anniversary coincided with her being awarded Employee of the Quarter. Read all about Amber here.

Katelynn Persons – 1 year

Katelynn and Hugo
Katelynn and a friendly stranger take a picture in front of a waterfall (Okay, that’s her fiance Hugo, who also works for WCU)

What is your current position?
I am the Title Clerk in our Operations department. I’m the one who makes sure the titles for all the paid off loans and mortgages are properly transferred over to our members. Those are called Perfected Titles and Reconveyances in case you were wondering. It’s fun to be the one who lets our members know that they’ve paid off their loan. I also do all claims for delinquent loans and vehicle crashes, but hopefully there aren’t too many of those.

What is something that working at WCU has taught you?
Working for Wauna Credit Union has taught me that everyone can fit in. That you do not have to settle for being just a number, and that goes for both being a member of the credit union as well as an employee. For both, I am treated as an individual with individual needs, experiences, and talents. I have learned that it is okay to strive for more, it is okay to say I don’t know, and that everyone has purpose.

If you could choose one new hobby what would it be?
If I could choose a new hobby, I would definitely take up event planning. I love getting to sort out the fine details, decorating, and making people smile.

Rebekah Ausmus – 1 year

What is your current position?
I’m a Loan Servicing Specialist. I wear a lot of different hats around here, but it’s all about making sure all our members loans are taken care of behind the scenes. I take care of all the Escrow accounts, making sure that the taxes and insurance are paid on time and the renewals are up to date. I also track the insurance for all the consumer loans (both vehicle and homes) and make sure they have insurance so our members are protected, I submit all title and registration documents to the State Motor Vehicle departments and try to make sure everything is in order before we send it to them. I’m also part of the Operations Team so I try to my best to help our internal and external members whenever they have questions.

What is something that working at WCU has taught you?
I’ve learned that working at a credit union is not all about making money. It’s about being there for our members and helping them live a financially successful life. I love when I hear from our members that they feel Wauna truly cares about their financial well-being.

If you could choose one new hobby what would it be?
I would travel the United States, visiting every town in each state and learning something unique about each, then I would write a book about it.

Others

  • Mike McTague

Employee of the Quarter: Amber Seely

Amber and familyWe have over 100 great employees at Wauna Credit Union. Each Quarter we recognize one person who consistently goes above and beyond, and name them Employee of the Quarter. We’re kicking the year off with a bang with our Employee of the Quarter Amber Seely.

We sat down with Amber to find out more about her, and learn more about her time representing Wauna Credit Union.

Getting to Know Amber

What is your title?
I’m a Card Service Specialist based out of Clatskanie. I work behind the scenes to help make sure our credit and debit card programs are running smoothly. I also Amber talk with members and help them when there is a dispute on a purchase. Prior to that I was a member consultant in St. Helens.

What brought you to WCU?
I was a medical assistant in Portland. When my daughter was born, I stayed home for some time, and when I was ready to come back to work I started looking for a job that was closer to home, that still gave me the chance to talk to people, and had the opportunity for growth. When a job at Wauna opened up, I jumped at it.

What is your favorite thing about working here?
There are so many things I love about working here, but my favorite thing is just getting the chance to work with people, both coworkers and members. I’m a very social person, and I love helping people. The great thing about my job is I get to help people multiple times a day.

Amber at work

What project has been your favorite?
My favorite project is one that’s going on right now. Our members really love our Visa Rewards Cards, and we’re constantly looking for ways to make them better. It’s been fun to look at all the ways we can give a little back to members just for using their cards. We have some exciting things coming up.

Where did you grow up?
I grew up in St. Helens, and I think it will always be my home. I love the community and knowing that my neighbors are always looking out for me, and I’m looking out for them.

What was a time you laughed really hard at work?
I laugh all the time at work, but I’ll tell you when I don’t laugh, when you manage to find bad pictures of me and turn them into memes. (Editor’s note, that’s what Amber gets for stealing my phone at TMA training and taking selfies.)Amber-Smiling

Why do you think somebody should become a Wauna Member?
I think somebody should become a member, because all the decisions are made by local people. Our mission is to help people build their financial well-being. We do that by working with people to make a loan work, help them save a little bit more money, or making it easy to do their banking 24/7.

Have you ever done anything embarrassing at work?
I don’t get embarrassed easily. Recently, at one of our In-Service days I lead a group dancing in front of the whole credit union. Some people might be embarrassed doing that, but my passion is dancing, so I wasn’t embarrassed at all. We had secret practices, and nobody was expecting it. It was great.

In a World With Identity Theft

Identity theft – the idea instantly sparks anxiety. How much money will they get? How long will it take me to discover something is wrong? Will I be able to pay my bills? How long until I get my money back? While there’s never a guarantee, there are several steps you can take to prevent a bad actor from gaining access to your money.Cartoon man committing identity theft

Types of Identity Theft:

The first step in better protecting yourself is knowing the type of identity theft you are trying to prevent. Some fraudsters gain access to existing accounts to steal the money or credit you already have. This type of fraud is easier to notice, but causes more upheaval in your life. Others simply mine enough identifying information about you to open up accounts in your name and without your knowledge. The good news here is you aren’t likely to have your daily finances affected, but the fraud can go undetected for much longer. Often, this type of activity is not discovered until you are applying for a loan or mortgage.

Safeguarding Your Existing Information:

This is the most common way people see their finances compromised. There many steps you can take, but the important thing is to limit the number of ways your information is not within your control.

  • Shred documents with personal information before discarding. Better yet, sign up for paperless billing.
  • Don’t give out personal information or account numbers unless you know who you’re dealing with.
  • This is especially true online. Make sure you trust the site before you enter your information. We recently posted a blog about holiday shopping that discussed more ways to stay safe online.
  • Speaking of being online, make sure your passwords are secure. Here’s a guide on how to create a secure password.
  • Be mindful when using your cards that nobody is looking over your shoulder, and be on the lookout for skimmers. Read our post on how to recognize skimmers.

Safeguarding Your Identity

As they say, an ounce of prevention is worth a pound of cure. It can seem overwhelming. Stealing information is a fraudster’s full-time job, but as the joke about outrunning a bear goes, the trick is to be more secure than others, so you’re not the easiest target.

  • Pay attention to when and where you give out personal information. Getting enough information to steal an identity is like putting together a puzzle – information is gathered piece-by-piece.
  • Create a fraud alert with the credit bureaus. This doesn’t keep new accounts from being opened. It requires lenders to verify your information before issuing new credit. The FTC has a good primer on how to set up a fraud alert here.
  • Consider signing up for a credit and information monitoring service. This isn’t a fail-safe, but if you want to be sure, it’s a good step.

Monitor:

  • Go to annualcreditreport.com every year to make sure you know every line of credit that is tied to you.
  • If you have children, check their information as well. Every year thousands of kids have their identity stolen, and it can be years before anybody realizes it has happened.
  • Monitor your financial account statements and order history from online retailers. If you see something you don’t recognize, immediately look into it.
  • Pay attention to the news. If you hear about a breach make sure it’s not a place that might have your information.

Choose Your Partners Wisely:

This is something that often goes overlooked, but can be one of the most important ways to keep your identity safe. You should only trust your data with companies that value your information as much as you do. At WCU, for example, guarding your personal information is crucial to us. By using advanced fraud-monitoring technology, our committed staff closely monitors your accounts for suspicious or irregular activity.

If you regularly go into a branch, contact our Virtual Center, or even use our new Virtual Teller Units, we pay attention to who you are. So, it’s easier for us to notice when something seems off, or when we see activity on your accounts that is different from your normal spending behavior.

Stay Calm

This isn’t necessarily what you want to hear, but even if you do everything right, your information might still be compromised. If that happens though, rest assured there are protections in place to ensure you aren’t left holding the bag. This infographic outlines your liability.

The thing to remember is that the faster you act, the less severe the impact is going to be.

  • File an identity theft report with the Federal Trade Commission (FTC) at identitytheft.gov (currently unavailable due to the government shutdown) or by phone at 1-877-438-4338.
  • File a police report. Most people think it won’t make a difference, but this is an essential step.
  • Contact your financial institutions and let them know what happened.
  • Criminals often change your address with the post office so they can get your new cards automatically sent to them. Keep your eyes out for a change of address card from the USPS, or call 1-800-ASK-USPS.
  • If you didn’t do it before, place that fraud alert.
  • Consider a credit freeze. This is a drastic step, as it prevents you from getting credit as well, but can stop the issue from snowballing.

This is a lot to take in, and it’s something we all wish we didn’t have to worry about. The more care taken in preventing identity theft, the less likely it is to happen. Remember, there are a number of fraud-preventative services WCU offers, and our committed staff is here for you should you have questions, need advice, or simply want to check in on your accounts.

Financial Benefits of Membership at a Credit Union

Guess what?

Credit unions provide all of the financial services you need: savings accounts, loans, financial education, credit cards, online and mobile banking, and more. The “more” part is the best part, because it represents your benefits as a member.

Okay, so what’s the difference between a credit union and a bank?

The key difference between local credit unions and other financial services is that we are owned by members like you. Unlike for-profit financial institutions, which take their marching-orders from stockholders, we exist only to serve you and your financial needs. You’re the boss! With no Wall Street fat-cats to pay, we are uniquely positioned to return direct financial benefits to members. This includes better interest rates and lower fees.

But what does that mean to you?

In 2018 alone, Oregon credit unions provided a whopping $152 million in direct financial benefits to over 2 million members. That’s the equivalent of about $75 per member, and $160 per household. Financing a $25,000 new automobile for 60 months at an Oregon credit union saves you an average of $177 in annual interest compared to what you would pay at the nearby bank.

How do credit union members benefit?

Do you want more examples of the benefits of belonging to a credit union? How does earning a better return on your savings sound? 2018 also saw the collective member benefit from higher interest rates on savings at more than $3.6 million. We supported local spending to the tune of $333 million. Not to mention a $1.8 billion boost to the Oregon economy.

And the list goes on…

  • In the Northwest, 6.5 million consumers have discovered the Credit Union Difference.
  • Nearly everyone who lives, works, worships, or attends school in Idaho, Oregon, or Washington is eligible to join a credit union. Learn more by visiting www.asmarterchoice.org.
  • Credit unions provide jobs to 19,600 of your Northwest neighbors—2,520 in Idaho, 5,850 in Oregon, and 12,200 in Washington.
  • Oregon alone supported more than $802 million in total income to working Oregonians.
  • Credit unions earn a corporate tax exemption because they are not-for-profit cooperatives that return earnings to their members.
  • Giving back to the community is part of the Credit Union DNA.
  • You’re treated like you truly belong—because you’re more than a number—you’re a member.
  • Credit unions live by Northwest values: local, cooperative, community based.

To learn even more about how credit unions support the Pacific Northwest, visit OregonLovesCreditUnions.com. Find out why 50 percent of Oregonians have chosen credit unions as their financial services partners.

Wauna Credit Union is also a very safe place for you to save money. The National Credit Union Association insures all deposits up to at least $250,000 per individual.

So, spread the good word! Tell your friends to join a credit union today!

All analysis provided by economists at ECONorthwest, a highly regarded economic consulting firm.   

January Statement Insert Roll Into Rebates

January 2019 Statement Insert Page 1

Balance Presents

Webinar for the Win Contest

You might win $1,000 for organizing your finances

Attend a Balance free financial webinar to enter.

It’s the perfect time to get the guidance you need

Visit bit.ly/WebinarForTheWinRules for official rules

January 21 – April 19, 2019

Individuals Welcome

You’re not a number. You’re an individual

Roy Tuomi, Wauna Credit Union Member

Upgrade your loan and roll into rebates

Refinance

Get 1% cash back

60 days no payments

All vehicles, watercraft, off road, unsecured loans and more

Can be refinanced

Wauna Credit Union

24/7 Lending, waunafcu.org, 800-773-3236

Federally Insured by the NCUA

Upon loan approval, current and new Wauna CU members who refinance a loan currently financed elsewhere to Wauna Credit Union qualify to receive: 1. an immediate Cash Rebate equal to 1% of the approved loan value 2. 60-Days No Payments (interest will continue to accrue during the 60-day period); and, 3. Wauna CU will pay the vehicle title transfer fee up to $100 (member is responsible to pay any additional amount). Qualifying Loans: Auto, Truck, SUV, Van, Motor home, trailer, boat, watercraft, motorcycles, side-by-sides, quads, and unsecured loans such as home furnishings, tuition, personal loans, etc.). Minimum loan amount to qualify for special terms: $2,000; Maximum rebate allowed is $500 per qualifying loan. These special, promotional financing terms end at close of business April 30, 2019. Rates & financing are offered based on applicant’s credit worthiness and term of the loan. Note: the promotional cash rebate paid to a member may be forfeit if the loan balance is paid in full within 180-days of the loan funding date. Membership with Wauna CU required to be eligible for this special offer.

January Statement Insert Page 2

Invest in Yourself

Open or contribute to your IRA with WCU. We’re safe and insured

 

Weighed Down by Your Credit Cards?

Transfer online or in branch

Receive 2x the rewards*

2.99% APR Intro Rate*

Transfer your balances and save!

*The special 9-month and 13-month Certificate Accounts minimum deposit requirement is $10,000 New Money only to open the account; New Money may not originate from another Wauna Credit Union deposit account. Deposits exceeding the $10,000 New Money minimum deposit are not restricted. The special 9-month Certificate Account APY is 2.019% and the Dividend Rate is 2.00%. The special 13-month Certificate Account APY is 2.29% and the Dividend Rate is 2.267%. Some fees could reduce earnings. The special 9-Month and 13-Month Certificate Accounts are also available as an IRA. Early withdrawal penalty: We may impose a penalty if you withdraw any of the principle before the maturity date, or the renewal date if it is a renewal account. This special offer is available through January 31, 2019, and may be terminated without notification. Membership with Wauna Credit Union required to be eligible for this special offer. Please contact Wauna Credit Union for membership eligibility details.

52nd Annual Meeting

Tuesday March 12, 2019

6:30 PM

Erlene Darby Learning Center

49249 Hwy 30

Westport, OR

 

January Anniversaries

January is a time for resolutions to better yourself. Wauna Credit Union got better by the hiring of all our employees celebrating anniversaries in January.

If you want to be one of the people celebrating next year, check out our careers page.  

Waunaversary Celebrants

Jen Katon – 5 years

What is your current position?
I am the Executive Assistant to the CEO. I work directly with the CEO as well the other Chiefs and the Board of Directors., and get to make a difference to local high-schoolers by chairing the Scholarship Committee. When I am not completing administrative tasks I have fun planning Wauna’s events and retreats. I have also been fortunate enough to lead our Corporate sponsored charities fundraisers for local back pack programs for the last four years. I am proud to say that we have raised $59,581 for Charity since I started here in 2014.

What is something that working at WCU has taught you?
Before I came to work for Wauna I didn’t know the Credit Union Philosophy. I absolutely love the credit union philosophy of “people helping people” and am so honored to get to be a part of helping people in our local communities.

If you could choose one new hobby what would it be?
I have many hobbies including, crafting, photography, crocheting, reading, sign making, scrapbooking, but I have been considering taking up hiking. Both of my kids do cross country and they make it sound so fun that I would like to do it with them. If time and money wasn’t an obstacle traveling the world would be what I would choose. I love to learn new things about other cultures and places. If I could travel to other countries and get to do charity work while I was there that would be a dream come true for me.

Dave Freeman – 1 year

What is your current position?
I’m a member of our IT team. My official title is IT Support Technician, which basically means I help our staff to provide our members with excellent personal service. That’s anything from making sure all of our financial tools are online to replacing an old computer. While members almost never see me, I’m constantly working in the back office to keep our systems online and working smoothly.

What is something that working at WCU has taught you?
It’s the commitment to staying true to our Core Values. Many companies will tell you about how “we’re a family” and “we strive to help the community”, but here those aren’t just empty words. That really impresses me. I grew up in the area, but was living in Nevada. I was on a steam train in the middle of the desert, and one of my friends from back home let me know the credit union was hiring, and I applied immediately, and that community involvement was a big reason why.

Dave with camera
Photography has always been one of Dave’s passions.

If you could choose one new hobby what would it be?
I’m an enthusiastic amateur photographer and history buff, and I’d like to spend more time doing that. I love the PNW and it’s rich history and amazing scenery. I left Oregon about 15 years ago, but came back home about a year and a half ago and have come to realize exactly how much I missed this part of the country.

Jeff Kratka – 1 year

What is your current position?
I’m an IT Support Technician. I’m based out of Westport, but I go from Astoria to Vernonia to support all Wauna employees with any computer and technical aspects of their daily duties to help with making their job easier and more efficient.

What is something that working at WCU has taught you?
Wauna has taught me how working with a family can be enjoyable again. Not just being a number but a person.

If you could choose one new hobby what would it be?
I just took up SCUBA Diving. It’s something I have always enjoyed. I have been snorkeling many times but not SCUBA.

Others

  • Pam Weller
  • Randy Buholts
  • Serena Schlosser
  • Trevor Shelby
  • Amanda Heikkila

 

Five habits that can ruin your budget

BudgetingSo you’ve set a budget and on paper it looks fabulous. You’ve created different spending categories and what seem like reasonable limits. Yet, somehow it just doesn’t quite work month after month. Sound familiar? It’s frustrating, but there are fixes.

The first thing to do is double check that your budget is reasonable, given factors like income and goals. If everything looks set up for success, then ask yourself if any of the following habits are derailing your master-plan:

1. Impulse purchases
If you’re prone to buying items on a whim, this might be your culprit. Even if it’s a coffee a day or pack of gum every time you’re standing in line at the check out counter, those costs add up. It’s an even bigger problem if you can’t walk into a store without buying all the amazing things, whether you need them or not. The key thing to think on is want vs. need.

2. Blurring the line between needs and wants
All budgets are loosely based on allotting your spending between needs (mortgage, bills) and wants (entertainment, eating out). In theory, the division between the two categories is clear. However, in the moment, the line can get blurry.

For example, you might justify treating yourself to dinner at a restaurant because you had the worst day ever, even if the meal is going to exceed your “eating out” limits for the week or month. Remember, budgets don’t have to be a bummer. Allow yourself small adjustments here and there, but be sure everything adds up. If you spend more in one category, spend less in another. Easy peasy.

3. Not tracking your spending
Unless you can remember every single purchase you make throughout a budget cycle, review your spending regularly. If it’s hard to work this task into your normal routine, set a schedule for yourself, e.g. every three days, spend two minutes looking at your checking account activity. Super tip: setting reminders on your phone is an easy way to make this a recurring event. With our U-Banking platform, there are plenty of awesome savings tools you can start using today.

Whenever you see an expense you don’t remember or didn’t plan, make sure you add it to your total costs for the week, month, or whatever timeline you’ve set.

4. Failing to comparison shop
If you always take the first deal you find when shopping, you’re probably spending more than you have to. Next time, do a little comparison shopping to see if there’s a better offer. This is especially true if you’re buying online. With the intense competition between online retailers, it’s always worth your time to shop around for better prices.

5. You don’t automate your savings
Putting money into your savings account may be the most important part of your budget. However, if you transfer it manually, you may forget or avoid doing it because you’ve over-spent in other areas.

SavingsThe solution? Set up recurring transfers from your checking to your savings account through U-Banking. Designate a day (preferably just after you get paid) and a predetermined amount, then let technology do the rest. That way, you’ll always hit your savings goals every month.

Budgeting doesn’t have to be a chore or something you frown over. With a few thoughts and easy steps, you’ll smile when you notice the extra bucks at the end of your timeline.

Member’s Stories: Cookie Laurens

When Cookie Laurens came into the Wauna Credit Union St. Helens branch on a warm Saturday morning looking for a car she wasn’t her normal optimistic self. “I knew it was going to be tough,” she said. “I love the people at Wauna, and they always do what they can, which is why I made the credit union my first choice.” Luckily Area Manager Lisa Clark was up for the challenge.

Cookie was a bit nervous to deal with a car dealer. Lisa put her in touch with Bill Scholten from Scholten Auto Sales. Lisa knew he would work with Cookie to find a car in her price range. After helping her qualify for a vehicle loan, Lisa went the extra mile, literally, driving her 25 miles to pick up the car, then helping Cookie get insurance, and making sure she had everything she needed.

“I worked in banking for years,” said Lisa “but now I work for a credit union, and it makes all the difference in the world. At a bank, we wouldn’t have given Cookie a second look based on numbers only. And I would have had to tell her we tried everything we could, even though I knew it wasn’t true. At Wauna, I’m allowed to look at the person, and figure out a way to make it work.”

“This was the way Business was done in the past and I thought I would never see again,” said Bill. “Lisa exemplifies the type of service Wauna offers, and is why we’re always glad to work with the credit union.”

Cookie, who has been a member of Wauna Credit Union ever since she returned to the area, loves all the different ways she can use the credit union. She’s especially a fan of managing her financials using WCU’s Virtual Branch in Astoria. “I call them Telephone Central,” said Cookie. “They’re always so cheery and willing to help.”

The Virtual Branch Consultants are always happy to hear from Cookie as well. “It’s always fun to hear her cheery voice when you say hello,” said VC Nichole Klopp. “We have tons of regulars, and Cookie is one of the people who is forever in a good mood.”

Lisa agrees. “Cookie’s been coming in regularly since she moved to town. She’s quick to laugh, and has even been promising to make us cookies.”

Whether she ever lives up to her nickname or not, Wauna Credit Union is always happy to have members like Cookie.