Happy Credit Card Reduction Day!

If you had to guess, how much money would you say North Americans owe in credit card debt? $500 million? $500 billion? Here’s a hint: it’s over $1 trillion…and this is the first time in history it’s been that high.

To give you a bit of scale, in the final quarter of 2017 cardholders added a whopping $67.6 billion in credit card debt. According to WalletHub, that’s “the highest quarterly buildup in the last 30 years.”

Yikes!

Chances are you’re one of many who has fallen into these numbers. That’s OK! Credit card debt happens to the very best of us. But what can we do today to begin digging ourselves out?

Despite what it may seem, you don’t have to go overboard to make a difference. Starting off small by formulating a healthy financial plan can make a huge difference in the long run. Though in the meantime, here are a few tips to get you going and put your mind at ease:

1. Attack the peskiest balance first. If you have a few different cards, focus on paying down the largest balance. Not only can this boost your credit score by lowering your utilization, but you’ll also be shelling out less in interest. Not to mention, paying off the card that bugs you the most will feel like a million dollars.

2. It doesn’t hurt to ask. Asking the issuers of your cards for a lower interest rate is as easy as a phone-call. You’ll need a credit score of 730 or higher, but you could get your rate reduced. A rate reduction might very well save you hundreds of dollars over time.

3. Transfer that balance! A lot of folks don’t even know their credit card’s interest rate. According to creditcards.com, the national average annual percentage rate is 15.05%. Right now, we are offering 1.99% APR* for 6 months on balance transfers of $1,000 or more for our Rewards Visa and 2.99% APR^ for 6 months on our Platinum. Talk with a friendly Wauna staff member today and we’ll help you make the transfer.

4. If you can, pay more. Your credit card issuer is charging you interest on a daily basis, so the more often you make payments, the better off you will be. We suggest going one step further and making two, three, or ever four payments each month. Upping your payments can significantly reduce interest and the time you spend in debt.

Although it might not seem like it, the credit card companies you hold debt with want you to repay that debt just as much as you want to pay it off. No doubt about it, credit card reduction is a process. By setting goals and staying strong, you’ll come out on the other side better off than before. And don’t forget, you can always contact Wauna Credit Union for advice or guidance.

Let’s do this!

*APR: Annual Percentage Rate. The special 1.99% Introductory Rate applies to qualifying balance transfers transacted through March 31, 2018. The Introductory APR will begin on the transaction date(s) during the promotion period, and remain in effect through the 6th billing cycle. At this time the cardholder’s regular Credit Card Account Agreement terms will apply. Some restrictions apply. Cardholders may not transfer balances from other accounts issued by Wauna Credit Union.

May not transfer any amount of debt to their account that would cause their balance to exceed the account credit limit. During the promotional period, Rewards cardholders will earn 1 (one) Rewards Point for each qualifying $1 transferred to their Wauna CU VISA Rewards Credit Card account. Qualifying transfers greater than $999.99 will earn 2 (two) Rewards Points for each qualifying $1 transferred to their Wauna CU VISA Rewards Credit Card account. A Balance Transfer Fee of 3% of the total balance to be transferred, or a minimum fee of $20, whichever is   greater, will be assessed at the time the balance transfer is approved. This promotional offer ends March 31, 2018. Promotional details available at waunafcu.org. Membership with Wauna Credit Union is required. 

^APR: Annual Percentage Rate. The special 2.99% Introductory Rate applies to qualifying balance transfers transacted through March 31, 2018. The Introductory APR will begin on the transaction date(s) during the promotion period, and remain in effect through the 6th billing cycle. At this time the cardholder’s regular Credit Card Account Agreement terms will apply. Some restrictions apply. Cardholders may not transfer balances from other accounts issued by Wauna Credit Union.

May not transfer any amount of debt to their account that would cause their balance to exceed the account credit limit. A Balance Transfer Fee of 3% of the total balance to be transferred, or a minimum fee of $20, whichever is greater, will be assessed at the time the balance transfer is approved. This promotional offer ends March 31, 2018. Promotional details available at waunafcu.org. Membership with Wauna Credit Union is required.

Statement Insert – JUNE 2017 – HELOC, VISA, Financial Education

Wauna Credit Union June Statement Insert

Home Equity Line of Credit
It’s the DO Days of Summer!
What’s on your list?
Open up the possibilities with a Home Equity Line of Credit!
Learn more about our special summer HELOC offer on our website or at any Wauna CU branch, and apply today!

Credit Cards
Planning a vacation?
Take a Wauna CU VISA credit card along!
Platinum VISA Credit Cards
Reward VISA Credit Card
Apply on our website or at any Wauna CU branch!
Lower Interest Rates & Fees, Secure EMV Chip Cards, Great Rewards, Balance Transfer Bonus, Introductory Rate Offer

Financial Education
When it comes to money management, we could all do better. Wauna CU now offers Financial Education programs for everyone!
BALANCE for adults
Elements of money for teens
M3 for younger kids

waunafcu.org
800-773-3236

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All Credit Card Users – Enjoy the Gift of 1.5% APR* thru Jan 2017!

Have you seem our new VISA Credit Card special? It’s our gift to you!

New & current VISA Credit Card holders are getting a great gift from Wauna CU this year! It’s a 1.5% APR* on all new purchases and balance transfers from now thru the end of January 2017.VISA-shoppingbag-Adproof-Final2Current Credit Card users: You don’t need to do anything – but use your card that is – the savings is automatic, there is nothing to sign up for.

New Credit Card applicants: Benefit from this 1.5% apr now, and starting Feb. 1, 2017, you’ll still enjoy months of our introductory rate of 2.99%!

Apply for a credit card today! https://waunafcu.org/loans/credit-cards.shtml

Calculate Your Savings: http://calcubot.com/calcubots/740

Rewards VISA users: When you use our VISA Rewards card from now until the end of January, you’ll receive DOUBLE Reward points when you shop in person, and TRIPLE Reward points when you shop online.

Do not let this amazing offer pass by!

 *APR: Annual Percentage Rate. During the special promotional period, Wauna Credit Union VISA cardholders will receive a Promotional Interest Rate of 1.50% APR for new purchases and balance transfers posted to their account through January 31, 2017. The promotional 1.50% APR will begin on the credit card transaction date(s) during the promotion period, and remain in effect through the June 27, 2017 credit card billing cycle, at which time the cardholder’s regular Credit Card Account Agreement terms will apply. As of November 14, 2016, the Wauna CU VISA credit card APR range was between 8.90% – 18.00%). Some restrictions apply. Cardholders may not transfer balances from other accounts issued by Wauna Credit Union, or any amount of debt to their account that would cause their balance to exceed the account credit limit. All business credit cards are excluded. VISA Rewards cardholders will earn Double Rewards Points for purchases conducted in person, and Triple Rewards Points for purchases conducted online through January 31, 2017. Promotion details available at waunafcu.org. Membership with Wauna Credit Union is required. This special Promotion ends January 31, 2017.

March 2016 Statement Insert: VISA Balance Transfer, Turbo Tax, Loan-Refi Special, & Call for Scholarship Applications

Statement 3-16 1-page

Move your high rate debt to a Wauna CU VISA Credit Card & Save Big!

  • Balance Transfer Special!
  • 1.99% APR for 12 Months!

*Special Financing Terms:  APR: Annual Percentage Rate. Members who move debt balances from elsewhere to a Wauna CU VISA credit card account may qualify for a special 1.99% APR for 12 months. After the 12-month period expires, the regular terms in the VISA credit card Membership & Account Agreement will apply. This special balance transfer service includes a one-time Balance Transfer Fee equal to 3% of the amount of the balance to be transferred or the minimum $20 balance transfer fee, whichever is the highest amount. This special balance transfer promotion ends at close of business April 30, 2016. Rates & financing are offered based on applicant’s credit worthiness and term of the loan. Membership with Wauna CU required to qualify for this special offer. **VISA Rewards accounts earn Rewards points for balance transfers (1 Reward Point per $1 of qualifying balance transfer during the special promotion).

TurboTax: Wauna CU Members get a discount on TurboTax!

This year, file your taxes the smarter way & get your biggest possible refund, guaranteed. TurboTax searches over 350 deductions & credits, so you won’t miss a thing.

Visit waunafcu.org to save on TurboTax today!

Break Free! From High Rates & Unfun Loans!

  • Cash Rebate!
  • 60 Days No Payments!

Refinance nearly any loan: Auto – RV/Toy – Installment Loans
Offer ends April 30, 2016

Apply Today!

Applications for our Annual Scholarships are being accepted until April 15, 2016.
Download the application from our website or at any branch of WaunaCU.