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ON THE MARKNuMark Credit Union NewsWINTER 2024IN THIS ISSUELOWER YOUR BORROWING COSTSLOOKING TO DO MORE WITHYOUR MONEY IN 2024?GETTING OUT OF THEOVERSPENDING TRAPNUMARK NEWSHomebuyers must meet income eligibility requirements and: • Contribute at least $1,000 to the purchase of the home • Complete pre-purchase homebuyer education and counseling • Live in the home as your primary residence.NuMark is committed to helping our neighbors. We can help loweryour borrowing costs if you qualify for the Downpayment Plus Program.Call 815-744-7497 and ask to speak to one of our mortgage lendingexperts today or visit numarkcu.org.LOWERING YOUR BORROWING COSTSWREATHS ACROSS AMERICA If you want to buy a home and have a steady income and good credit,NuMark Credit Union and the Federal Home Loan Bank of Chicago can help. Through the Downpayment Plus® Program*, up to $10,000 maybe available to eligible homebuyers to use toward down payment and closing costs. Ask one of our loan ocers today about the Downpayment Plus Program to see if you are eligible.FEEDING OUR NEIGHBORSUp to $10,000 available for the purchase of your home*Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc. com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago. NuMark Credit Union is an equal housing opportunity lender. NMLS #405831
Open one of our two free checking accounts that pay you back.Thanks to the generosity of our members and sta, we were able to donate $4,192 to the Wreaths Across America Project and sponsor 493 wreaths that were placed at Abraham Lincoln National Cemetery on December 16th, 2023. Over the last thirteen years, NuMark has proudly donated $42,806 and sponsored 4,444 wreaths! Thank you toeveryone who helped remember and honor our veterans and their families. To learn more, visit wreathsacrossamerica.org.WREATHS ACROSS AMERICA - THANK YOU*Common Cents Checking: Account holders earn $0.10 for every signature-based or online debit card transaction over $10.00 that posts and settles during each monthly statement cycle. Must use e-Statements, and log in at least to online or mobile banking each statement cycle. Rebates will be credited to account on the last day of monthly statement cycle. Rebates are forfeited if qualifications are not met. ATM and PIN-based transactions are excluded. Business accounts excluded.*Ultimate High Yield Checking: Federally Insured by NCUA. APY = Annual Percentage Yield. Earn 5.50% APY on balances up to $25,000 and 1.00% APY on balances over $25,000. Some restrictions apply. Qualifications to earn interest: 12 signature or PIN-based debit card transactions posted and settled, direct deposit of $500 or greater, e-Statements, and at least one login to NuMark Online or NuMark Mobile each statement cycle. Excludes commercial accounts. Not all applicants will qualify. Rates eective as of December 1, 2023. Oer and rates may change without notice.LOOKING TO DO MORE WITH YOUR MONEY IN 2024?Open a NuMark checking account that makes money for you!Call 815-729-3211, visit numarkcu.org or stop by your nearest branch location.Common Cents Checking and Ultimate High Yield Checking both come with:• Free Bill Pay, Mobile Check Deposit, E-Alerts and Money Management Tool• Purchase Rewards• No Minimum Balance Requirements• Apple Pay, Google Pay, Samsung Pay, Visa SCR and LG Pay• Access to 55,000 Surcharge-Free ATMS and 5,600 Shared Branches NationwideCOMMON CENTS CHECKING ULTIMATE HIGH YIELD CHECKINGPays debit card users 10 cents for everysignature-based purchase of $10 or more!Pays debit card users 5.50% APY* on balances up to $25,000 and 1.00% APY* on balances over $25,000.
your expenses and divide those items up into two categories: needs and wants. Needs are the bills that must be paid first:rent, mortgage, car payment, insurance, gas to get to work, food etc. Wants are the items that you like to do such as going out,your morning coee purchase, extra items in the grocery cart, online purchases, trips, etc.50/30/20 RuleWhen you are spending your salary, 50% should go to your needs, 30% should to your wants and 20% should go to yourfinancial goals. Once you have tracked your expenses for the month, see how they compare based on this rule. Adjust your wants as needed and make the choices that matter most to you.For instance, while the price for groceries is high, take a look at your grocery list. Are there items that you don’t really need?Can you make one meal that will last for two? What can you make at home rather than going out? Get creative while saving. Plan your meals ahead of time and make fewer trips to the store. Once your expenses are aligned, consider setting up an automatic transfer for the 20% allocated to your goals. Transfer itright out of your paycheck into a savings account, goal saver account, Christmas club, or money market to start earninginterest. Pay yourself first and watch your money grow. Having trouble getting your budget to line up? Stop in and see us. We can help you get it sorted out. Use TechnologyOnce you have your spending plan, buy those pre-determined wants. Stick to the plan. Use technology to keep an eye onyour accounts and track expenses. Set up text/email alerts to keep track of withdrawals, balances, etc. Use the MoneyManagement Tool on NuMark’s app or at numarkcu.org to see a picture of where you spend your money. Want to pay oa credit card in six months? The Money Management Tool can help you determine the right monthly payment.Ready to make your money work harder for you? Give us a call at 815-729-3211. We will be happy to talk about yourfinancial goals.GETTING OUT OF THE OVERSPENDING TRAPDid you know that 7 out of 10 people overspend during the holidays?It is easy to fall into this trap any time of year. There is a “not-so-secret” weapon that you can use to avoid the overspending trap. We’re talking about a Budget. We know just mentioning the word makes everyone cringe; but do this, take a moment to think of a budget as yourpermission to spend. That’s right, your budget is actually your spending plan. It is a way of saying “yes” to the things that matter most to you. Your budget is a ticket to financial freedom rather than the thing that limits your life.Needs vs WantsKeep track of all your income and expenses for a month. Then, list all of
“It was truly amazing to be part of a community coming together to make a positive dierence in the lives of those facing crisis.” A similar sentiment was shared by Sharon Richardson, NuMark Credit Union’s Executive Assistant who volunteered at DuPagePads. “Spending CU Kind Day helping at the DuPagePads was enjoyable and rewarding! It was great to come together as a team and help families who need it the most.”Along with volunteering in-person, NuMark held a fundraising drive at all of their locations to raise money topurchase items on each organization’s Amazon Wish List. To learn more about these organizations, please visitwww.crisisctr.org or www.dupagepads.org.WHERE YOU ARE FAMILYNovember 6, 2023 - Everyone has the right to have healthy foodoptions available to them, but for many, this often is not the case.NuMark had the opportunity to volunteer at a Mobile Market eventheld by the Northern Illinois Food Bank. These events give our hungry neighbors the opportunity to receive healthy groceries for their families.During the Mobile Market event, NuMark family and friends helpedby distributing boxes of food to veterans and their families that live at the Joliet VA Hope Manor. As a line of cars stretched as far as the eye could see, each vehicle left with a full load containing dairy products,vegetables, meat and more. By the end, 118 families and over 400individuals received healthy food to share with their families!FEEDING OUR NEIGHBORSContact UsSr. Editors: The NuMark Marketing Dept.Ask@numarkcu.orgHoliday Closings:Martin Luther King, Jr. Day - Monday, Jan. 15Presidents’ Day - Monday, Feb. 19Visit numarkcu.org for branch locations and hours. NUMARK NEWS CU Kind Day - October 9, 2023NuMark Credit Union sta and family membersparticipated on this day of kindness by conducting service projects at both the Crisis Center for South Suburbia and the Interim Housing Center forDuPagePads. At both organizations, NuMark helpedto clean commonly used areas, organized donations and resource rooms and other tasks.“Serving at the Crisis Center for South Suburbia wasa heartwarming experience that rearmed thebeauty of compassion and solidarity,” said MateoMunoz, NuMark Credit Union Card Services Specialist.NuMark Credit Union sta/family members volunteering at both DuPagePads and Crisis Center of South Suburbia.NuMark Credit Union sta/family members volunteering at the Northern Illinois Food Bank Mobile Market