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NSCU.org • 630.393.7201
April 2017
Newsletter
President’s Message
Spring has ofcially arrived! Now that the days are longer and the
weather is starting to improve, I’ve started hearing members talk about
embarking on the search for their dream home.
If you nd yourself ready to make the move, or if you are simply looking
to lower your mortgage payment before rates go up, keep us in mind!
NorthStar recently enhanced our mortgage program and member
response has been very positive.
By having your mortgage with NorthStar, you’ll now have the ability to:
See your mortgage loan in It’s Me 24/7 home banking
Transfer your payment online through It’s Me 24/7 home banking
Earn additional rewards points towards valuable benets and gifts
Most importantly, any time you have a question or concern about your
mortgage, you will be able to speak with the same NorthStar staff you
have come to know and trust.
I invite you to call or stop by any of our branch ofce locations to
discuss your current mortgage situation, or to explore the options
available to start shopping for your new home!
To Your Financial Success,
Jim Dean
President
Smart Simple Solutions
HOLIDAY CLOSURES
No holiday closures
this month
WHAT’S INSIDE
National CU
Youth Month
Spring Cleaning
Your Finances
Contact the CEO
Annual Meeting
In the Community
Plus!
Current Auto Loan Rates
Model Year 2013 - 2017
Up to 36 Month..............as low as 2.79%
Up to 63 Month..............as low as 2.99%
Up to 75 Month..............as low as 3.49%
Model Year 2008 - 2012
Up to 63 Month.............as low as 3.19%
Up to 75 Month.............as low as 3.99%
Visit NSCU.org for additional loan rates.
All loans are subject to credit approval.
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%
Certicate of Deposit APY*
6 Months............................................0.40%
1 Years...............................................0.50%
2 Years...............................................0.85%
3 Years...............................................1.11%
4 Years...............................................1.21%
5 Years...............................................1.75%
Money Market APY*
$0.01 - $999.99.................................0.00%
$1,000.00 - $2499.99........................0.15%
$2500.00 - $9,999.99........................0.25%
$10,000.00 - $24,999.99...................0.30%
$25,000.00- $99,999.99....................0.40%
$100,000.00 & higher........................0.45%
Visit NSCU.org for additional savings options.
*APY = Annual Percentage Yield
Rates are subject to change without notice.
Visit NSCU.org for additional terms and
savings options.
Rates
Teach Your Little Owls to Fly With
Money Talks
The rst step to teaching your kids
about money is talking about money.
“The most effective way to teach is
by having frequent discussions and
don’t ever lecture,” said Ted Beck,
president and chief executive of the
National Endowment for Financial Education, in a recent Wall Street
Journal article. Unfortunately, this can also be the hardest.
A 2015 T. Rowe Price survey found that 72% of parents experienced at
least some reluctance to talk to their kids about nancial matters, and
18% were either very or extremely reluctant. The most common reasons
given were that the parents didn’t want them to worry about nancial
matters or thought they were too young to understand.
On his blog, radio host Dave Ramsey encourages parents to be more
open with their kids about money, even their failures. Parents’ biggest
regrets are often not saving enough or going into too much debt, wrote
Ramsey. Being honest about that in an age-appropriate way, he stated,
can be a powerful lesson.
Ask questions. If you’re going out to eat, talk about the price difference
between the options, and ask them which they would choose. If they
select the more expensive, talk through what you might have to give up
later in the week.
Make them part of your budgeting. If you’re doing any kind of nancial
planning for the year, solicit input from your kids. Enlist them in your
saving goals—no one watches you more closely than your kids, so
they’re natural accountability partners! If you’re uncomfortable revealing
too much of your nancial picture, you can keep the discussions high
level, but involving them makes money less abstract.
Open a youth savings account at NorthStar Credit Union. This is the
best way to help them to learn to save for what they nd meaningful in
life. A lifetime of good savings habits can start now!
National Credit Union Youth Month
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Contact the CEO
NorthStar’s CEO, Lloyd M. Fredendall, prides
himself on leading a team committed to providing
a superior member experience. You are always
welcome to reach out with any questions,
concerns, or positive feedback you may have!
Visit NSCU.org today and click on “Contact Us”
underneath the home banking login, stop by our
Main Ofce in Warrenville, or dial 630.393.7201
to talk with Lloyd today!
NSCU.org • 630.393.7201
National Credit Union Youth Month
Springtime means opening the windows, sweeping out
the winter dust and starting anew. It is also the opportune
time to clean out your wallet or purse, that junk drawer full
of receipts and those overowing le cabinets. But where
to begin?
Sweep it
Go through your wallet and purse and sh out any
receipts you may have accumulated. Review which ones
you need to keep and why you kept them. Do you have
receipts related to rebates? If so, sit down today, ll out
the form, and either load on-line or put in the mail. Do
you have credit card offers lying around that need to be
dealt with? Or, how about passwords scribbled on post-it
notes? Do you have other receipts tacked on a bulletin
board or shoved in a kitchen junk drawer? How about
all the paperwork from ling your taxes? Rake them all
together!
Rake it
Once you’ve raked together all your sensitive papers, it’s
time to decide what to do with them. For tax documents,
in most cases, you should plan on keeping tax returns
and any supporting documents (e.g., W-2s, mileage logs
if you itemize, etc.) for at least three years after the date
you led or the due date of your tax return, whichever
is later. Always consult your tax preparer, if you have
questions. Receipts not related to refunds or extended
warranties can be set aside for shredding. Do you have a
pile of credit card offers taking up space in a drawer? Get
them ready for shredding, too!
Shred it
So, once you decide what you need to shred, how do you
handle it all? Tearing the documents in half and throwing
them out is not the way to go! A home shredder is a good
idea. It is recommended that you buy a shredder that
Spring Cleaning Your Finances
crosscuts. In other words, you want all that paper ending
up looking like confetti, and not in strips. Home machines
are not typically heavy-duty, so be careful as to how much
you shred at a time. If your shredder is not equipped
to take on staples or other metal, be careful to remove
them from the paper to avoid damaging the blades. If you
have a lot of sensitive documents, many communities
now offer Shred events. They enable you to drop off your
documents for shredding for free, or for a small fee, and
even allow you to watch it being shredded while you wait.
Secure it
Highly sensitive documents (social security cards,
passports, birth certicates, wills) should be locked up
in a reproof le cabinet or lockbox. Gather all other
pertinent papers, like insurance forms, tax documents,
mortgages, and put them in a secure location. Inform
trusted family members where the documents are located
and/or location of a key for the secure le cabinet or
lockbox.
A little planning this spring, alongside your traditional
cleaning, can set you up for a great nancial year! If
you’d like some help taking your nancial “spring
cleaning” a little further, contact one of our Financial
Service Representatives today at 630.393.7201 option
#3. We’re ready to help you discuss your goals and work
with you to develop a plan to achieve nancial success!
Content provided in partnership with GreenPath Financial Wellness
SATURDAY, APRIL 29
th
9AM - 12PM
MAIN OFFICE WARRENVILLE, IL
REMINDER:
Document Shredding &
Electronics Recycling Event
In the Community
NorthStar participated in the Plainled Hometown Irish Parade on
Sunday, March 12, 2017. The sun was shining bright and crowds
lined the streets along the parade route. It was such a fun event
and the team really enjoyed seeing our members and friends out
in the community.
Upcoming Events
25th - NSCU Annual Meeting
5:00pm • Arrowhead Golf Club, Warrenville, IL
29th - NSCU Spring Shred Event
9:00am • Main Ofce, Warrenville, IL
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Annual Meeting
April
8th - McGuane Park Recycling Event
9:00am • McGuane Park, Chicago, IL
16th - HAPPY EASTER!
21st - Plaineld Junior Women’s Club
Spring Fling: Casino Night
6:30pm • Bolingbrook Golf Club
2001 Rodeo Dr., Bolingbrook, IL
NSCU.org • 630.393.7201
To add to the excitement, Matt Bretz, the Branch Manager of our
Plaineld ofce, surprised 25 children along the route with gift
cards to Toys R Us! It was one of our random acts of kindness for
the month of March, and sure brought a smile to many!
Smart Simple Solutions
2016 was a great year for NorthStar! We
completed the merger with Oak Trust Credit
Union, continued to provide our members
deposit and loan rates among the best in the
area, and our staff served over 550 volunteer
hours in our local communities. Join us at
this year’s annual meeting to learn more
about our accomplishments and hear what
is in store for the future for NorthStar Credit
Union and you, our member-owners!
TUESDAY, APRIL 25, 2017
5:00 PM - 6:00PM
Arrowhead Golf Course
26W151 Buttereld Rd
Wheaton, IL 60189
You’re Invited!
Hors d’oeuvres and beverages will be served.
April is National Credit Union Youth Month!
Stop by any branch or follow us on
Facebook for fun activities all month long!
RSVP online today!