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January 2018
Newsletter
Smart Simple Solutions
HOLIDAY CLOSURES
Monday, January 15, 2018
Martin Luther King, Jr. Day
Monday, February 19, 2018
Presidents’ Day
UPCOMING EVENTS
President’s Message
Many years ago, Callahan & Associates, an organization that
analyzes credit unions, developed a measurement tool called
Return to Members that objectively compares how well credit
unions are serving their members. In this analysis, NorthStar
ranks 52
nd
or in the top 7% out of 715 credit unions nationwide in
the $100-250 million asset range. We are pretty proud of that
number! However, as mentioned by Lloyd, our CEO, in the
December newsletter message, we can and will do better!
In December, we implemented significant improvements to our
telephone system that is already showing clear benefit to
members. We open at 10:00 on Wednesdays beginning this month
in order to strengthen our staff training. Our expectation is that the
quality of our member experience will reach new levels, and we
plan to measure that expectation with a comprehensive member
survey later in 2018. We would appreciate your time and
participation in this survey as your honest feedback will provide the
direction to make the credit union stronger. In closing, I wish the
best to you and yours in 2018.
Jim Dean
President
February
• 10
th
- St. Irene Chili Cook Off
6:00pm. - 10:00pm
St. Irene Catholic School
28W441 Warrenville Rd.
Warrenville, IL
What’s Inside
Five Resolutions to Trim
Spending and Reduce Stress
52 Week Savings Challenge
Shop. Swipe. Earn.
Mobile App
N Available!
Feedback?
Contact the CEO, Lloyd M. Fredendall
NSCU.org/contact-us
Current Savings Rates
Share Savings APY*
$0.01 - $99.99..............................0.00%
$100.00 - $999.99........................0.05%
$1,000.00 - $2,499.99..................0.10%
$2,500.00 & higher.......................0.13%
Ultimate High Yield Checking APY*
Balances up to $10,000...............2.00%
Certificate of Deposit
APY*
6 Months.......................................0.40%
1 Years.........................................1.01%
2 Years.........................................1.21%
3 Years.........................................1.51%
4 Years.........................................1.51%
5 Years.........................................2.06%
Money Market APY*
$0.01 - $999.99............................0.00%
$1,000.00 - $2,499.99..................0.20%
$2,500.00 - $9,999.99..................0.30%
$10,000.00 - $24,999.99..............0.35%
$25,000.00- $99,999.99...............0.45%
$100,000.00 & higher...................0.50%
*APY = Annual Percentage Yield.
Visit NSCU.org/cds for full details, terms
and conditions. Rates are subject to
change without notice.
Deposit Rates
NSCU.org • 630.393.7201
Current Auto Loan Rates
Model Year 2013 - 2018
Up to 36 Month.............as low as 2.99%
Up to 63 Month.............as low as 3.74%
Up to 75 Month.............as low as 4.24%
Model Year 2008 - 2012
Up to 36 Month.............as low as 3.49%
Up to 63 Month.............as low as 4.24%
Up to 75 Month.............as low as 4.74%
Visit NSCU.org for additional loan rates.
All loans are subject to credit approval.
Five Resolutions to Trim
Spending and Reduce Stress
These five tips will help you trim spending, beef up savings, and reduce
stress.
1. Pay it off.
Pay off your credit cards to save money. Let’s say you have a $2,000
balance at 18% interest. If your minimum payment is 2% of the balance due
each month, it will take you 19 years to pay it off and you’ll incur $3,862 in
interest. But if you increase your monthly payments to 8% of the balance
due--much more than the minimum--you’ll reduce the payback time from 19
years to three years and nine months, and your interest costs now are only
$433. You’ve just “saved” $3,429.
2. Conserve.
Small changes mean big savings on your utility bill:
* Properly insulate all ducts.
* Use programmable thermostats. Turn your thermostat back 10% to 15%
for 8 hours each day during the winter to save as much as 10% a year
on your energy bill.
* Use ceiling fans to reduce both cooling and heating bills.
3. So what’s a buck?
Grab a calculator. Add up what you spend on so-called “little things” that end
up being budget-busters:
* If you spend $1.00 a day on soda, that adds up to $365 a year.
* If you spend $2.75 a day on coffee, that’s $1,003.75 a year.
* If you spend $6 every weekday on fast food, that’s $1,560 a year.
* If you spend $6.20 a day on cigarettes, that’s $2,263 a year.
4. Tune it up.
Regular automobile maintenance--including low-cost oil changes, filter
changes, and tire rotation--can save big bucks by preventing costly repairs.
Keep your engine tuned and your tires inflated to their proper pressure. On
the road, stay within speed limits--gas mileage decreases when you drive
faster than 60 MPH. Avoid “jackrabbit” starts, unnecessary idling, remove
excess weight from the trunk, and combine errands.
5. Transfer it.
Pay yourself first--set up automatic transfers to your share or money market
account. Have your paycheck automatically deposited to your credit union
account. Consider using direct bill payment from your share draft account
for recurring payments like household bills, insurance premiums, automatic
investment and savings plans, mortgage payments, auto loan payments,
and charitable donations. Set up a Holiday Club Account. Participate in your
employer’s tax-advantaged retirement plan.
It all adds up!
Copyright 2017 Credit Union National Association Inc. All other rights reserved.
Visit NSCU.org/ultimate for more info!
$1 $2 $3 $4 $5
$6 $7
$8
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52
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7
Week 8
Week 9
Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17
Week 18
Week 19 Week 20 Week 21
Week 22
Week 23 Week 24
Week 25 Week 26 Week 27
Week 28 Week 29 Week 30 Week 31
Week 32
Week 33 Week 34 Week 35 Week 36
Week 37 Week 38 Week 39 Week 40
Week 41 Week 42 Week 43
Week 44
Week 45
Week 46
Week 47
Week 48
Week 49
Week 50 Week 51
Week 52
= $1
= $3 = $6
= $10 = $15
= $21 = $28 = $36
= $45
= $55
= $66 = $78 = $91 = $105 = $120 = $136 = $153
= $190
= $171
= $210 = $231 = $253 = $276 = $300 = $325 = $351 = $378
= $406 = $435 = $465 = $496 = $528 = $561 = $595 = $630 = $666
= $703 = $741 = $780 = $820 = $861 = $903 = $946
= $990
= $1,035
= $1,081
= $1,128
= $1,176 = $1,225 = $1,275 = $1,326 = $1,378
New Year, time to save money!
It's time for a fresh start and a chance to make some changes in our lives. The most common New Year’s
resolution is to lose weight or get in shape, but many of us will devote 2018 to saving more money (or spending
less of it).
Whatever your resolution, getting and staying motivated is critical to achieving it. Your core motivation really needs
to come from within, but one of the simplest ways to augment that is to make a game out of whatever it is you’re
doing. (Credit card companies, retailers, and apps have known this for years, and that’s why they get us to rack up
“points,” earn rewards, and reach new levels.)
We simply love keeping score and feeling like we’re making progress toward a goal. And that explains the
popularity of one game many people use to help them save money: The 52-Week Money Challenge.
Five Resolutions to Trim
Spending and Reduce Stress
These five tips will help you trim spending, beef up savings, and reduce
stress.
1. Pay it off.
Pay off your credit cards to save money. Let’s say you have a $2,000 bal-
ance at 18% interest. If your minimum payment is 2% of the balance due
each month, it will take you 19 years to pay it off and you’ll incur $3,862 in
interest. But if you increase your monthly payments to 8% of the balance
due--much more than the minimum--you’ll reduce the payback time from 19
years to three years and nine months, and your interest costs now are only
$433. You’ve just “saved” $3,429.
2. Conserve.
Small changes mean big savings on your utility bill:
* Properly insulate all ducts.
* Use programmable thermostats. Turn your thermostat back 10% to 15%
for 8 hours each day during the winter to save as much as 10% a year on
your energy bill.
* Use ceiling fans to reduce both cooling and heating bills.
3. So what’s a buck?
Grab a calculator. Add up what you spend on so-called “little things” that end
up being budget-busters:
* If you spend $1.00 a day on soda, that adds up to $365 a year.
* If you spend $2.75 a day on coffee, that’s $1,003.75 a year.
* If you spend $6 every weekday on fast food, that’s $1,560 a year.
* If you spend $6.20 a day on cigarettes, that’s $2,263 a year.
4. Tune it up.
Regular automobile maintenance--including low-cost oil changes, filter
changes, and tire rotation--can save big bucks by preventing costly repairs.
Keep your engine tuned and your tires inflated to their proper pressure. On
the road, stay within speed limits--
gas mileage decreases when you drive faster than 60 MPH. Avoid “jackrab-
bit” starts, unnecessary idling, remove excess weight from the trunk, and
combine errands.
5. Transfer it.
Pay yourself first--set up automatic transfers to your share or money market
account. Have your paycheck automatically deposited to your credit union
account. Consider using direct bill payment from your share draft account
for recurring payments like household bills, insurance premiums, automatic
investment and savings plans, mortgage payments, auto loan payments,
and charitable donations. Set up a Holiday Club Account. Participate in your
employer’s tax-advantaged retirement plan.
It all adds up!
Copyright 2017 Credit Union National Association Inc. All other rights reserved.
NSCU.org • 630.393.7201
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Download the new NSCU app!
Did you know...
Common Cents Checking pays cash back for everyday purchases?
It's true! You could be raking in $0.10 every
*
time you use your debit card!
What's your bank paying you?
Shop. Swipe. Earn.
Contact us to open your Common Cents Checking today!
*
Federally Insured by NCUA. Account holders earn $0.10 for every signature-based debit card transaction over
$10.00 that posts and settles during each monthly statement cycle. Active online banking and E-statement required
to qualify for rebates. Not all applicants will qualify.
The new NorthStar app combines useful tools, mobile banking and all in one powerful
app! Download it today to experience the convenience of NorthStar banking anytime, anywhere!