Credit Union Directory

1021 Federal Credit Union

Credit Union Directory — Wed, 16 Nov 2011 03:10:36 +0000

Sheila Schiller is the Manager/CEO of 1021 Federal Credit Union. 1021 Federal Credit Union's address registered with the NCUA is 414 E. Dennis Ave, Olathe, KS 66061. 1021 Federal Credit Union was chartered in 1961 and its charter number is 14280. 1021 Credit Union currently has 1,648 members. 1021 FCU reported $6,125,799 in assets.

1021 Federal Credit Union is a member of the Kansas Credit Union League.

1021 Federal Credit Union Mortgages

1021 Federal Credit Union Locations

1021 Federal Credit Union Kansas

1021 Federal Credit Union Olathe, KS 414 E. Dennis Ave, Olathe, KS 66061

1021 Federal Credit Union Financial Evaluation

2010
Assets-$6,125,799 Loans-$4,071,287 Net worth- -0.35 Members-1,548

2009
Assets-$6.079,974 Loans-$5,270,911 Net worth-8.76 Members-1,154

2008
Assets-$9,795,234 Loans-$5,536,529 Net worth-8.01 Members-1,178

2007
Assets-$8,715,817 Loans-$5,416,831 Net worth-14.40 Members-1,152

2006
Assets-$8,761,025 Loans-$5,212,213 Net worth-15.97 Members-1,211

2005
Assets-$9,233,521 Loans-$4798,037 Net worth-15.41 Members-1,246

1021 Federal Credit Union website does not have a website listed with the NCUA.

Credit Unions > Kansas Credit Unions >1021 Federal Credit Union

Yakima Community Federal Credit Union

Credit Union Directory — Sat, 08 Oct 2011 08:16:30 +0000

Credit Unions > Washington Credit Unions >Yakima Community Federal Credit Union

Yakima Community Federal Credit Union

The Yakima Community credit union currently has 1,860 members. Yakima Community Federal Credit Union was chartered in 1950 and its charter number is 6838. Yakima Community Federal Credit Union's address registered with the NCUA is PO BOX 2707, YAKIMA, WA 98907. Yakima Community's Manager/CEO is Sherron F. Frost. Yakima Community FCU reported $9,015,266 in assets.

Yakima Community Federal Credit Union is a member of the Washington Credit Union League.

Mortgage Options

Yakima Community Federal Credit Union Financial Evaluation 2007 Yakima Community Federal Credit Union had total assets of $9,015,256. Yakima Community Credit Union had loans totaling $6,668,316. Yakima Community FCU had a total membership of 1,860 and a net worth ratio of 24.88. 2006 Yakima Community Credit Union had a total membership of 1,965 with 6 full-time employees to serve their members. Yakima Community Federal Credit Union’s assets totaled $10,374,804.00. They had loans of $7,150,863.00 giving them a net worth ratio of 22.75. 2005 Yakima Community FCU had loans totaling $6,428,726.00. Yakima Community Federal Credit Union grew its membership to 1,915. Yakima Community Federal Credit Union ended the year with total assets of $9,604,608.00. 2004 Yakima Community Federal Credit Union increased its assets to $9,015,256.00. Yakima Community FCU distributed $6,668,316.00 in total loans for the year. Yakima Community Credit Union ended the year with a total membership of 1,860.

Achieve Financial Credit Union

Credit Union Directory — Fri, 30 Sep 2011 18:38:09 +0000

Credit Unions > Connecticut Credit Unions > Achieve Financial Credit Union

Achieve Financial Credit Union

The NCUA has 279 New Britain Road, Berlin, CT 06037, registered as Achieve Financial Credit Union's address. Achieve Financial CU's Manager/CEO is Andrew J. Klimkoski. Achieve Financial Credit Union currently has 15,559 members. Achieve Financial Credit Union was chartered in 1954 and its charter number is 61256. Achieve Financial CU reported $100,070,660 in assets.

Achieve Financial Credit Union is a member of the Connecticut Credit Union League.

Mortgage Options

Achieve Financial Credit Union Locations

Achieve Financial Credit Union Connecticut

Achieve Financial Credit Union New Britain CT
1615 Stanley Street, New Britain, CT 06053, 860-832-0139
450 West Main Street, New Britain, CT 06052, 860-828-2790

Achieve Financial Credit Union Berlin CT 279 New Britain Road, Berlin, CT 06037, 860-828-2790
Achieve Financial Credit Union Southington CT 720 Pleasant Street, Southington, CT 06489, 860-828-2790
Achieve Financial Credit Union Meriden CT 1064 East Main Street, Meriden, CT 06450, 860-828-2790

Achieve Financial Credit Union Financial Data

2008
Achieve Financial Credit Union had a total membership at years end of 15,284 producing total assets of $94,654,305 and total loans of $77,284,913 giving them a loan to assets ratio of 81.65. Achieve Financial CU had a net worth ratio of 8.74.

2007
Achieve Financial Credit Union increased their total assets from the previous year to $91,571,264 and their total loans increased to $73,930,736. Their membership increased to 15,220 and their net worth ratio improved to 8.77 from the previous year.

2006
Achieve Financial Credit Union had 14,584 members with Total Assets of $87,755,584. The total loan amounts went from $66,433,647 in 2005 to $71,442,106 in 2006 giving Achieve Financial a Loans to Assets Ratio of 81.41. Their net worth ratio decreased minimally to 8.58.

2005
With Total Assets of $82,522,880 Achieve Financial CU enjoyed an investment to asset ratio of 10.2. Achieve Financial members were able to borrow $66,433,647 giving the credit union a Loans to Assets ratio of 80.5.

Achieve Financial CU News

Man, 27, Charged In Bank Robberies
Hartford Courant, CT - Jan 20, 2007
8, Tardif flashed a gun inside the Achieve Financial Credit Union and took off with an undetermined amount of cash, New Britain Police Capt. …

Full Story: http://www.courant.com/news/local/hc-ctberarrest0120.artjan20,0,3244835.story?coll=hc-headlines-local

Police on the trail of bank robber
New Britain Herald, CT - Jan 9, 2007
Police reported that approximately 3 pm on Monday, a man entered the Achieve Financial Credit Union carrying a small, silver, semi-automatic handgun and …

Full Story: http://www.newbritainherald.com/site/news.cfm?newsid=17690788&BRD=1641&PAG=461&dept_id=595283&rfi=6

Other Credit Unions:

Find other credit unions in Connecticut such as Navy Federal Credit Union

Utah Central Credit Union Bought But Keeps Name

Credit Union Directory — Sun, 01 May 2011 03:21:54 +0000

When Utah Central Credit Union opens its doors Monday, it will be business as usual for its 23,390 members, according to Chartway Federal Credit Union, which is now running the place… Chartway let these 2 Credit Unions keep their names also when: It took over the troubled HeritageWest Credit Union in Tooele in January 2010 and Southwest Community Credit Union in St. George six months later. Read the full story.

Great Falls Teachers Federal Credit Union has new credit line

Credit Union Directory — Sun, 24 Apr 2011 01:53:34 +0000

Today the Great Falls Tribune reported: Great Falls Teachers Federal Credit Union, in collaboration with Rural Dynamics Inc., is launching a new credit line product. The Securing Access with Financial Education credit line is a $500 line of credit that is accessible regardless of credit history. Read the full story Continue reading →

Does penny-pinching pay off?

Credit Union Directory — Fri, 22 Apr 2011 19:13:45 +0000

In less than three years, Carrie Rocha and her husband, Marco, paid off $50,000 of nonmortgage debt and accumulated a six-month emergency fund and other savings by clipping coupons, buying store brands and reducing unnecessary expenses. Rocha, of Maple Grove, Minn., says the couple realized they were spending more than they made and started cutting expenses across the board. But rather than tackle huge expenses, they started small. “For us, large lifestyle changes would have turned my husband off to the whole idea of saving money. We have been intentional to set aside a little, a little, a little, until it became a lot, a lot, a lot,” says Rocha, who now blogs about her experience at Pocketyourdollars.com. Thrift gurus long have espoused the wisdom of pinching pennies because of its potential to add up to big savings. But do clipping coupons and just saying “no” to the daily $4 latte really make a difference in the long run? Or is it big stuff — such as downsizing a house or getting rid of one car — that really helps families save? The answer depends on your circumstances, tolerance for doing without and self-discipline. Pinching pennies reduces pain Danny Kofke, author of “How to Survive (and Perhaps Thrive) on a Teacher’s Salary,” is a big believer that trimming small expenses can add up to big savings and better spending habits. Kofke and his family of four in Hoschton, Ga., have been able to live exclusively on his $37,000 a year salary — and save money — by making adjustments to small expenditures, such as switching to cheaper cell phone plans, using the library instead of buying books and making their own coffee at home. Saving money on little things has a snowball effect that can lead to better financial habits, he says. Once people cut down on a few things and see the positive financial impact, they are often motivated to cut back on the big stuff. “Small steps are the best way to form habits that will stick,” Kofke says. Saving money is like losing weight, Kofke says. Trying to make drastic, wholesale changes can quickly become discouraging. However, if you cut back a little at a time, you’ll have better success. While he acknowledges that big expenses can pose outside risks to a person’s financial stability, he contends that it’s a mistake to overlook the power of trimming back on smaller spending. “I know many people who got into trouble because they bought big-ticket items they could not afford,” Kofke says. “But I think those smaller everyday purchases also played a major role in our country’s economic problems. “Little things do add up.” Big changes and bigger results However, not everybody subscribes to the smaller-is-better approach. “Pinching pennies is the most emotionally draining way to save,” says Rebecca Schreiber, a Certified Financial Planner with Solid Ground Financial Planning of Silver Spring, Md. What works better — and faster — is to downsize big expenditures in life. Schreiber says savers get a bigger bang for their frugal buck by moving out of a big house and into more modest digs, or selling a second car. Jeff Yeager, author of “The Ultimate Cheapskate’s Road Map to True Riches,” agrees: “Small savings, aka ‘the latte factor,’ are largely false economizing and have led many Americans into their current financial crisis,” says Yeager, a full-time writer who previously worked for 25 years in Washington, D.C., managing nonprofit organizations. Penny-pinching alone is “cut from the same cloth as fad diets” and does not fundamentally change a spender’s habit of living beyond his or her means, Yeager says. Instead of penny-pinching, Yeager recommends scaling down in more dramatic ways. He recommends never trading up from your house and instead paying off your current home as fast as you can. In addition, he suggests living on roughly the same amount of money year after year despite any increases in income. “Unlike our peers who have gone to bigger and more expensive houses, we’re still in our starter home,” says Yeager, 51, who is married with no children. He and his wife, Denise, have finished paying the mortgage and carry zero consumer debt. Lacking a mortgage payment, the couple was able to quit their jobs and work at what he calls “selfishly employed” ventures they love. While Yeager says he is not opposed to pinching pennies — he will rarely buy food that is over $1 a pound — he says that his philosophy is to pinch the dollars ” … and the pennies will pinch themselves.” “There are endless discussions about coupon clipping and saving 10 percent off this and that … but the question is really this: Do we really need all this stuff? What happens if we don’t buy it?” says Yeager, who adds that the key to saving is simply to spend less than what you earn. A third way Of course, if you want to supercharge your savings, it may pay to both penny pinch and downsize. “Everyone should pinch pennies no matter what your situation to ensure you live well below your means,” says Harrine Freeman, a personal finance expert, speaker and author of the book “How to Get Out of Debt.” Living a frugal lifestyle no matter what your financial situation will prepare you for any money crisis that may hit without having to make drastic lifestyle adjustments, she says. Start with small steps, Freeman says. That includes everything from saving coins in a jar, using coupons, shopping the sales, eating at home — and, yes, even forgoing the $4 latte. Eventually, savers can graduate to bigger steps, such as downsizing a house or car, or eliminating luxury expenditures such as expensive vacations. Rocha agrees that ultimately, a healthy dose of frugality both in the little and big stuff really makes savings pile up. “For most people, it is not how much you make, but rather how well you plan and spend your money that leads to financial success,” Rocha says. “This philosophy has enabled us to save and live a very wealthy life on a moderate income.”

10 smart money-saving tips for 2011

Credit Union Directory — Fri, 22 Apr 2011 19:12:33 +0000

As consumers face an uncertain future in 2011, they will be looking to lower their costs, to save more for the future and to stabilize their financial lives. 1. Start, or boost, your emergency savings account. The biggest barrier to saving is not being in the habit of saving. The best way to get in the habit is to pay yourself first by directly depositing money from your paycheck into a dedicated savings account. This can be done concurrently with your goals of paying down debt or saving for retirement. You won’t miss what you don’t see, and putting your savings on autopilot is a great way to reinforce your money saving habit when unplanned expenses inevitably come along. 2. Get a high-yield savings account. Once you’ve started to save, you’ll need a place to put that money. There are three requirements in determining where to put your rainy-day fund: It must be liquid (meaning you can get to the money whenever you need it), it must be free of investment risk and you must earn a return that preserves your buying power against the erosive effect of inflation. An FDIC-insured, high-yield savings account meets all three of these requirements. Check Bankrate.com’s search engine for the highest-yielding, FDIC-insured savings accounts available nationwide. 3. Find a free checking account. Having the wrong checking account can take hundreds of hard-earned dollars out of your pocket every year. The average interest-bearing checking account charges a monthly service fee of $12.55 and requires a balance of more than $3,300 at a near zero rate of interest to avoid fees. Instead, look for one of the many accounts that charge no monthly service or per-transaction fees, and don’t require a minimum balance. These free checking accounts have long been the hallmark of smaller community banks, credit unions and online banks. Check out Bankrate.com’s tips on avoiding fees and use the search engine to find a free checking account that meets your money-saving needs. 4. Track your monthly spending. People hate to use the “B” word — budgeting. Call it what you want, but you do need to get a handle on your spending. Doing so does two things: It helps you determine where you can cut back and helps maximize your money-saving efforts. Begin by tracking your spending for two months. Then use that information to build a realistic monthly spending plan. Finally, track all of your monthly expenses. At month’s end, tally your spending against the plan and see where you did well and where you didn’t. 5. Pay down high interest credit cards. For many households, the best return on your money is to pay down credit card debt. Whether carrying balances at 12 percent or 22 percent, credit card debt is typically the costliest debt households have. Plowing excess cash into repayment of credit card debt is a double-digit, risk-free return because it reduces the outstanding balance and the resulting interest charges. This is a sound move now as credit card rates will only move higher over the next two years. Use Bankrate.com’s debt pay-down calculator to develop a custom, month-by-month plan for repaying your debt. 6. Begin or increase contributions to a workplace retirement program. While many employers have scaled back or suspended their matching contributions to workplace retirement plans, such as 401(k)s, this is not an excuse to suspend your own. Even if your employer is contributing at a reduced rate, it still represents free money. If they’re not, the burden is on your shoulders. Contributions not only reduce your taxable income now, but your investment goes to work immediately and grows without the headwind of taxes. The regular contributions made with each paycheck represent the best example of dollar-cost averaging, buying fewer shares when values are high but more shares when prices fall. Another avenue is a Roth 401(k), in which your contributions are made with after-tax dollars but withdrawals in retirement will not be taxed, allowing you to keep your entire nest egg. 7. Make an IRA contribution. If you or your spouse has earned income, you are eligible to contribute to an individual retirement account. Those under age 50 can contribute a maximum of $5,000 and those 50 and older can contribute up to $6,000. You can open an IRA with a bank, credit union, brokerage firm or mutual fund, and invest the contributions as you choose. With an IRA, you can choose investments that aren’t available in your workplace retirement plan, such as commodities, individual stocks or certificates of deposit, giving you access to investment options that result in a more diversified portfolio. A traditional IRA offers tax-deferred growth, while a Roth IRA offers tax free growth of retirement savings. 8. Convert traditional IRA to a Roth IRA. The new year brings an attractive new opportunity. While the income limits restricting contributions to a Roth IRA remain, the income limit restricting eligibility to convert a traditional to a Roth IRA disappears. This means anyone wanting to convert some or all of their traditional IRA into a Roth can do so, regardless of income. It also means doing it in 2010 is especially appealing because the resulting taxes can be spread over 2011 and 2012. Even though the income limit on Roth contributions remains, you can contribute to a traditional IRA then immediately convert that traditional to a Roth IRA. This is a roundabout way of financing a Roth IRA, even if your income is too high to do so in a direct way. As for the tax bill that results when converting a traditional IRA to a Roth IRA, it is vitally important to pay the taxes out of other assets, not your retirement assets. Save that money for your retirement. 9. Refinance into a fixed-rate mortgage. Interest rates are at record lows, and eventually they will move higher, much higher. When that happens, the home financing place not to be is in an adjustable-rate mortgage that is subject to a rate reset. Fortunately, this is entirely avoidable. Refinance out of an adjustable-rate mortgage and lock in a fixed rate while they are near record lows. Do this even if your adjustable rate mortgage won’t reset for another year. Yes, you may trade away another year at 3.5 percent to 4 percent, but you permanently insulate yourself from the inevitable scenario of higher interest rates. 10. Rebalance your investments. Many investments have rebounded from their depths in March 2009, with the stock market up by more than 60 percent. Commodities, too, particularly gold and energy, have turned in strong performances. In other words, your portfolio may look much different than it did during the March lows. Such outsized performance by some asset classes can distort your asset allocation widely from its intended target. So rebalancing your investments back in line with your goals and risk tolerance is prudent. This also helps reduce the susceptibility of your portfolio to sharp market corrections. Rebalancing is a good habit to undertake, but it is particularly important following a year of huge swings as we’ve seen in 2010.

How To Balance Your Checkbook

Credit Union Directory — Fri, 22 Apr 2011 19:05:56 +0000

Balancing your checkbook each month is essential to managing your money. It helps you to make sure that your records and the bank’s records agree with each other. It allows you to correct any mistakes you or your bank have made over the month. You can do this yourself with your written checkbook register. This register should record every transaction that you have completed during the month. If you are using money management software, you can do this on your computer program. Here is a step-by-step guide on how to balance your checkbook. Here’s How: First, you should look at your checking account statement. Your bank will likely list the deposits at the beginning. Next they will list checks. Finally they will list debit transactions and automatic drafts. You should note your beginning balance and your ending balance. You should also note any interest earned and any monthly service fees and add those into your register. (If you are balancing using a computer program the program will guide you through this step.) Second, you will need to go through your register and check each item off that is listed on your statement. This means that the items have cleared. In your register book you will find a column with a c in it. That is where you will put your checkmark. Additionally you may want to check each item on your statement off as you check it off in your ledger. This makes it easier when you are looking to solve a problem. (If you are using a computer program click in the column that says cleared.) Third, you will want to check to find any items that are on your statement, but not listed in your register. If you recognize the transaction, but you cannot find it in your register, you should likely add it. If you do not recognize the transaction, you should check with the bank about it. If a deposit shows up that you do not recognize you should speak with someone at your bank. It may be tempting to keep the money, but the bank will realize its mistake and remove the money from your account. You will be responsible for repaying any amount you have already spent. (This step is the same if you’re using a computer.) Fourth, you need to list all of the unreconciled debits (checks, debit card transactions and automatic drafts) in one column. These will be the items without a check mark next to them. Add the column together and write down the total of your outstanding debits. Your bank may have a worksheet on the back of the first page outlining this process. (If you are using a computer program it will complete steps four, five and six for you.) Fifth, In another column you will list all the unreconciled credits (deposits) to your account. You will need to add this column together as well. Sixth, you will need to take your ending balance from your statement, and add the total of your outstanding credits to it. Then you will need to subtract the total of your outstanding debits from that number. The number that you end up with should match the amount you have listed in your check register as your current balance. Seventh, if the numbers do not match, you need to determine why. If it is off by a large amount you may want to see if you transposed any numbers. If it is off by a ten, or a hundred, you may have forgotten to carry or borrow in your addition. You can double-check your math with a calculator. You may also want to check to see if you missed checking off a transaction. (If you are using a computer program you can focus less on the math and more on a mistake in recording a transaction.) Eighth, correct any mistakes that you find. If you can not find the error, then you will need to change your balance to make it match what the bank has. Most banks are willing to sit down with you and help you do this for the first time. The account representatives are available for this reason. Some may charge a fee, but most will do it for free the first time. To get the best service you will need to go to the bank when it is usually slow, so avoid late afternoons, first thing in the morning. Do not go on a Monday or a Friday to receive this kind of help.

What is a Credit Union?

Credit Union Directory — Wed, 20 Apr 2011 08:06:47 +0000

A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest. Credit unions offer members the chance to have control over their own finances by making their own savings work for them. Regular savings form a common pool of money, which in turn provides many benefits for members.

The definition most commonly seen is: A financial cooperative organizations of individuals with a common affiliation (such as employment, labor union membership, or place of residence). Credit unions accept deposits of members, pay interest (dividends) on them out of earnings, and primarily provideconsumer installment credit to members.