February Statement Insert: Home Equity, Loan Rebates, Credit card

Insert page 1

WE SAY YES
HOME EQUITY LINE OF CREDIT
1.99°10 APR* INTRO RATE FOR 6 MONTHS. THEN,
EQUAL TO PRIME RATE INDEX, CURRENTLY 4. 75°10
BORROW UP TO 100% OF YOUR HOME’S VALUE
NO LOAN ORIGINATION COSTS

*APR: Variable Annual Percentage Rate. This Promotional financing applies to new HELOC (Home Equity Line of credit) accounts opened between February 1 and July 31, 2020. No closing costs except appraisal if required. Estimated appraisal cost: $745. Your interest rate and credit limit will be determined based on individual credit worthiness. An early closure fee (Title, Recording, Flood Determination; Total is approximately $250) is applied if the loan is dosed within the first 36 months. A $35 annual fee will be waived if the Total Finance charges paid during the previous 12 months is equal to or exceeds $35. The APR includes interest only and no other costs, and could change at any time. Variable Rate is equal to the Prime Rate index (currently 4.75% APR as of Jan. 20, 2020) as published in the Wall Street Journal and is subject to change. To determine the APR which will apply to your account, a margin ( currently 0.00% APR – 8.50 APR) will be added to your current index rate. As of Jan. 20, 2020, the Variable Annual Percentage Rate for Home Equity Lines of Credit ranged from 4.00% to 12.00%. In no event will the regular APR be less than the Prime Rate Index or more than 18% APR or applicable state law. The 1.99% Promotional APR is available for 6 months after the loan is funded. At the beginning of the 7th month, your regular rate will be applied. Minimum monthly payment may change as a result of interest rate changes. Home equity loans may qualify for tax deductible interest. Consult with your tax advisor for details. This promotional Home Equity Line of Credit enables qualified borrowers to finance up to 100% of their home value. There are no Loan Origination Costs. Some restrictions apply. Membership with Wauna Credit Union is required for a HELOC to be funded. Visit waunafcu.org for member eligibility details. This special offer ends July 31, 2020. NMLS 421867

REBATES For Every Individual
1%* Cash Back
60 days no payments
When you move your vehicle, watercraft, off-road, or unsecured loans to us.
*Special Promotional Terms: Upon loan approval, current and new Wauna CU members who refinance a qualifying loan currently financed elsewhere to Wauna Credit Union become eligible to receive: 1. 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, 2020. 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.

Invest In Yourself
The future isn’t always predictable, but it’s better
to plan now than to have questions later. Not only do Individual retirement accounts (IRAs) offer significant tax advantages, but also, investing in an IRA at Wauna Credit Union sooner than later gives your money more time to blossom.

Looking to make a switch?
Get a quote today!
503.728.4391
www.cascadecrestinsurance.com
Cascade Crest Insurance

Insert page 2

Transfer your balances to us and save
0% Intro APR^ for 6 Months
Rewards APR After:
11.15% 18.00%
Platinum APR After:
9.90% – 17.90%
^The special 0% Introductory Rate applies to qualifying balance transfers processed through March 31, 2020. The Introductory Rate will begin on the date the balance transaction is processed and remain in effect for 6 billing cycles, at which time the terms of the cardholder’s Credit Card Account Agreement will apply. Current rate for VISA Rewards is 2.99%-18.00% APR, and for VISA Platinum 9.90%-17.90% APR. A Balance Transfer Fee equal to 3% of the total balance or $20, whichever is greater, will be assessed at the time the balance transfer is processed. Balance transfers from other accounts issued by Wauna Credit Union do not qualify for the special terms, nor will any amount of debt which would cause the account holder’s credit card balance to exceed their credit limit. Failure to abide by the terms and conditions of the Wauna CU Credit Card Account Agreement may result in forfeit of the Introductory Rate. APR: Annual Percentage Rate. This special promotional offer ends at close of business March 31, 2020. Complete promotion details available at waunafcu.org. Membership with Wauna Credit Union is required.

Annual Meeting Reminder
Our 53rd Annual Meeting is Tuesday, March 17th at 6:30pm
Where: Erlene Darby Learning Center 49249 Hwy 30, Westport, OR
Doors open at 6pm.
Light refreshments served.
We look forward to seeing you there!

Wauna Credit Union
24/7 banking
waunafcu.org
800-773-3236
Equal Housing Opportunity

Statement Insert – April 2017 – HELOC Specials, VISA Cards, Holiday Club, IRAs

2017 March Statement page 12017 March Statement page 2(Side 1)

Improving Homes (and Lives) for 50 Years
Unlock the Power of Equity with a Home Equity Line of Credit
Amazing Rates!
Affordable Terms!
What could a HELOC do for you?
Storm Repairs?
A fresh color?
https://waunafcu.org/loans/current-loan-promotion.shtml

Don’t forget to apply for a Wauna Credit Union VISA
Rewards Credit Card, too!
Enjoy Great Rates!
Plus, get a low introductory rate & bonus rewards points
when you move your high rate balance to a Wauna CU VISA
https://waunafcu.org/loans/credit-cards.shtml

(Side 2)

This is you one day….. And, here you are the next!
Retirement is closer than you think….
Start an IRA today for a better Celebration later!
https://waunafcu.org/accounts/investment.shtml

Important Notice: For Holders of IRAs
Payment from you IRA are subject to federal income tax withholding. You may change your withholding election at any time prior to your receipt of payment. To change your withholding election, completer the appropriate form provided by Wauna Credit Union.
Withholding from IRA payments, when combined with other withholding, may relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient.

Still Paying Off Last Year’s Holiday Fun?
This year, why not start a Holiday Club account at Wauna Credit Union?
Earn a higher interest than a savings account!
The funds drop right into your checking account in October – Just in time for holiday shopping, or property taxes!
https://waunafcu.org/accounts/savings.shtml

Wauna Credit Union
waunafcu.org
800-773-3236

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How to Save for Retirement

It’s never too early to start putting away money for your future. If you’ve ever wondered how to save for retirement when you’re also dealing with day-to-day expenses, these easy tips can help.

1. Get a rough estimate of retirement expenses

It may seem difficult to know how much money you’ll need in retirement, especially if it’s several decades away. Experts say that to keep your same standard of living, you’ll probably need at least 70% of your pre-retirement income.

The reason you probably won’t need 100 percent is because some costs, such as commuting expenses or child care, probably won’t be necessary in retirement. If you already have a budget for your current expenses, then it’s probably easy to get a rough idea of what you may need when you retire.

2. Decide on a savings target

Say you’re 25 years old and your living expenses are about $50,000 a year. Take 70% of that, and it means you’d probably need about $35,000 to retire comfortably, assuming your income remains the same until retirement. So you’d want a nest egg that provides about $35,000 annually.

Many financial experts suggest that you withdraw only about 4% of your retirement savings each year to help ensure that it lasts. That means to get $35,000 in income, you’d need a savings target of about $875,000.

It’s a lot of money, but by using a retirement calculator, you could find that there’s a good chance you could reach your goal by age 61 if you start saving 10% of your income each year. This number assumes your savings earn 7% annually. If your income increases before retirement, you’d probably also need to increase your savings target.

If you can’t quite put away 10% — or whatever your goal percentage is — while also keeping up with your regular expenses, consider starting with a smaller amount and gradually increasing the percentage of income you save until you reach your goal.

You may also have other income sources in retirement, such as Social Security or a pension plan. Look at the Social Security calculator to get an idea of what your monthly benefits might be when you retire and add that to your retirement calculations.

Bear in mind that an income of $35,000 will probably have much less spending power in 40 years than it does today because of inflation, so it’s smart to consider cost-of-living increases in your savings target. It may be a good idea to make an appointment with a certified financial planner to help you weigh your options.

3. Contribute to a tax-advantaged retirement plan

In addition to knowing what percentage of income you should save each year, you’ll also want to decide where to put your money. If your employer offers a traditional or Roth 401(k), consider enrolling. This is especially important if your company offers an employer match, because a match is like adding free money to your retirement savings. You could also contribute to a traditional or Roth IRA.

With traditional retirement plans, you receive an upfront tax deduction for the money you contribute. You then let that savings grow and allow the interest to compound. You’d pay income tax on any money you withdraw, and you’d also have additional early withdrawal penalties if you take money out before age 59½.

With Roth plans, you pay tax on your contributions, but you don’t have to pay tax on your withdrawals if you retire after age 59½.

When you put your money in a retirement savings plan, you’ll have a number of different investment options to consider, including stocks, bonds and mutual funds.

4. Put your savings on autopilot

Once you’ve established your retirement plan, consider setting up automatic withdrawals from your paycheck or bank account. It would be much easier to meet your savings goals when your money has a chance to grow uninterrupted over a period of years.

Learning how to save for retirement is important, but it doesn’t have to be hard. By coming up with a savings goal and contributing regularly to a retirement account, you can help make sure you’ll be able to meet your financial goals for the long term.

© Copyright 2016 NerdWallet, Inc. All Rights Reserved

Statement Insert – FEBRUARY 2017 – Voting Opens, Turbo Tax, IRAs

GO VOTE!

As a member and owner of Wauna Credit Union, we ask you to please take a moment and vote for your volunteer Board Of Directors. By participating in this democratic process, you’re helping guide Wauna Credit Union to a bright future!

VOTE: Jan. 26 to Feb. 26, 2017

Vote online: waunafcu.org
Read candidate bios and vote electronically.

Vote by mail: Call 877-597-9507. Select the option to vote by paper ballot. Paper ballots must be received by February 26, 2017.

Vote on Facebook: @WaunaCreditUnion

50th ANNUAL MEETING

Saturday, March 4, 2017

Social Hour 2 pm
Business Meeting 3 pm

Clatskanie Cultural Center
85 S Nehalem St
Clatskanie OR

Wauna CU Members: Try TurboTax & Save Up to $15! 

Wauna Credit Union has teamed up with TurboTax® to help our members get their maximum refund, personal support, and a great tax filing experience! Use the link on our website to save money, and be entered to win $25K. Sweepstakes ends 2/18/17.

2017 Scholarship Applications Available Soon

  • Applications for our 2017 Scholarship program are available in early February. Get one on our website or at any branch.
  • Deadline to submit an application is 6 pm, Friday,
  • April 14th. Recipients will be notified by June 30, 2017.

 

You Only Live Once – YOLO – The BEST Reason To Start An IRA!

It’s easy & affordable to start saving for the future…
Wauna CU will help get you started!

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waunafcu.org
800-773-3236

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