An IMCU Lifestyle Guide: Dealing with Identity Theft

DEALING WITH IDENTITY THEFT

If it looks like someone may have stolen your identity, you need to take action as quickly as possible for two reasons: first, you want to stop the criminal from stealing from you, and second, you need to protect your credit rating.

Indiana Members Credit Union knows how important it is to take action in this situation, and we know that it can be confusing and overwhelming. That’s why we created this basic guide to spell out the steps you need to take right away, and what you can do to protect your identity and your credit in the future.

An IMCU Lifestyle Guide: Ready for Retirement?

READY FOR RETIREMENT?

Whether retirement has finally arrived or it’s approaching rapidly, you’ve worked hard
for a long time to get here. Bringing your career to an end (or even cutting back on the
amount of time you devote to work) leads to all sorts of changes and forces you to make
many important decisions that will determine the quality of the years ahead. Indiana
Members Credit Union created this guide to help you make the right choices for your
situation and needs.

HOW WELL HAVE YOU PREPARED?
While most people will spend plenty of time thinking about what they’d like to do in their retirement years, far fewer actually take the time or the steps to prepare. According to Money Magazine, one-third of Americans have no retirement savings, and another 23 percent have only been able to save less than $10,000. (Only 13 percent have managed to put away at least $300,000.)

Let Us Help Find The Right Mortgage Option For You

FHA LOANS

• Minimal 3.5% down payment
• Down payment can be a gift or loan to the borrower from an eligible source
• Sellers may pay 6% towards closing costs
• Cash reserves are not required

The Federal Housing Administration (FHA) is an agency within the Department of Housing and Urban Development. FHA loans are designed to help low-to moderate-income creditworthy families by offering a mortgage with lower down payment requirements and less restrictive qualifying criteria.

Why Do People Put Off Saving for Retirement?

Why Do People Put Off Saving for Retirement?

A lack of money is but one answer.

Provided by Gregg Perrey and Jeff Olbina

Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?

Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely.

Sometimes, the immediate wins out over the distant. To young adults, retirement can seem so far away. Instead of directing X dollars a month toward some far-off financial objective, why not use it for something here and now, like a payment on a student loan or a car? This is indeed practical, and it may be necessary. Even so, paying yourself first should be as much of a priority as paying today’s bills or paying your creditors.

 Some workers fail to enroll in retirement plans because they anticipate leaving. They start a job with an assumption that it may only be short term, so they avoid signing up, even though human resources encourages them. Time passes. Six months turn into six years. Still, they are unenrolled. (Speaking of short-term or transitory work, many people in the gig economy never get such encouragement; they have no access to a workplace retirement plan at all.)

HELOC: Just Like Borrowing From Yourself

If you’re a homeowner who needs to borrow money for home improvements, debt consolidation, or a major purchase such as a new vehicle or boat, there’s a smart financing tool you may want to consider. It’s called a home equity line of credit, or HELOC for short, and it gives you an easy way to tap into the equity you’ve built in your home when you could use some extra cash.

Indiana Members Credit Union Celebrates Greenwood Branch Grand Re-Opening

Indiana Members Credit Union is celebrating the grand re-opening of its Greenwood Branch located at 1115 N. Madison Avenue, Greenwood, IN, on Friday, August 24, 2018 and Saturday, August 25, 2018.  The public is invited to join us as we celebrate our newly remodeled branch.

Events for the Grand Re-Opening Celebration include:

• Ribbon cutting ceremony Friday, August 24, 2018 – 10:30 am.
• Grand re-opening celebration Friday, August 24, 2018 – 9 am-6 pm and Saturday, August 25, 2018 – 9 am-1 pm including: refreshments, enter to win $500 in grand prizes, door prizes and giveaways.
• Friday, August 24, 2018, special appearance by Indiana Pacers Mascot Boomer and the Indiana Pacers Fan Van- 5 pm-6 pm.
• Saturday, August 25, 2018, a live remote by 99.5 WZPL – 9 am-11 am, special appearance by Indianapolis Indians Mascot Rowdy – 10 am-11 am, and Indy Eleven Mascot Zeke – 11:30 am-12:30 pm.

INDIANA MEMBERS FOUNDATION AWARDS $60,000 IN GRANTS

Indiana Members Foundation, the charitable arm of Indiana Members Credit Union, hosted its 2018 Grant Recipient Awards Banquet June 28, 2018 at Primo’s South in Indianapolis and awarded $60,000 in grants through its Robert E. Martin Collegiate Scholarship Program and Joan Wolfe Legacy Grant Program.

The Robert E. Martin Collegiate Scholarship Program was established to honor Robert E. Martin for his 42 years of dedication and service as a board member of IMCU as well as his commitment to education throughout his career as Vice Chancellor for Administration and Finance at Indiana University Purdue-University at Indianapolis (IUPUI).  The scholarships are available to college students that are members of Indiana Members Credit Union.  Applications are accepted annually from January 1 through March 31.

An IMCU Lifestyle Guide: Preparing For A College Education

According to the Vanguard investment management firm, when today’s babies are old enough to attend college, a year at a private school will cost upwards of $120,000, so a four-year degree will have a price tag of nearly a half-million dollars. Even public colleges are expected to cost $54,000 annually, for a four-year cost of $216,000. That’s why it’s so important to start planning (and saving) for education long before your student is ready. Indiana Members Credit Union created this guide to help you prepare and save, whether college is more than a decade away or coming soon. We’ve included plenty of valuable advice and helpful resources.

An IMCU Lifestyle Guide: Basic Budgeting Tips And Skills

BASIC BUDGETING TIPS AND SKILLS

There’s a powerful financial tool that can help you make the most of your money. Month
after month, it can help you keep more of what you earn and cut your wasted expenses
to a minimum. This amazing tool has a very simple name. It’s called organization. The
better you get at organizing your finances, the less money you’ll waste, and the harder
the money you have will work for your goals. Indiana Members Credit Union created
this handy guide to help you take control of your finances so you can make the most of
every dollar. It includes plenty of practical advice, along with resources that can make
organizing your finances much easier.

Indiana Members Credit Union Contributes $10,000 to Pink Ribbon Connection for Cancer Awareness Card

Dori Sparks-Unsworth, Executive Director, Pink Ribbon Connection, shares the impact of IMCU Cancer Awareness Card:

The IMCU Cancer Awareness Debit Card provides an opportunity to support many different types of cancer by benefiting a different local cancer related organization each year.