We can likely all agree that saving is
a priority, whether it’s saving for
goals large and small, or for unexpected
emergencies. Yet often, the hardest part
about saving is actually doing it. That has
proven true across the United States. The
statistics are staggering! Approximately 26%
of adults have no savings for emergencies,
while another 36% have yet to save for
retirement. Even more, it is estimated that
38 million households live pay check-to-paycheck.
Based on that evidence, we know that many
of our members feel that saving is no easy
feat. Sometimes it may be as simple as
skipping your regular latte. Other times,
there are bigger obstacles.
Regardless of the challenges you are up
against, Affinity Plus is here. We can offer
the guidance and tools to start saving, or
maybe even excel.
- In the past year, we launched the
WINcentive Savings® program.
You’re entered into a state-wide
drawing every time you deposit
$25, with up to four entries
per month by depositing $100.
So far members have saved more
than $1 million in their WINcentive
accounts and have already won more
than $41,000 in prize winnings!
- Have an auto loan in your future?
The Savings Accelerator feature
requires you to deposit $15 into a
separate savings account each month
until your loan is paid in full. When
your loan is paid off, you’ll have
extra savings set aside to help meet
your savings goals. You’re also eligible
for an interest rate reduction on your
auto loan when you choose this
- Make saving automatic by enrolling
in Stash Your Cash. Every time you
use your debit card, your purchase amount will be rounded up to
the next dollar and the extra change
will be deposited into a savings
account of your choice. It’s just
change, but it adds up!
- Flex your savings muscles
and commit to the 52 Week
Challenge. The first week of 2017,
you’ll save $1. The second week you’ll
save $2, the third $3, and so on. By
the end of the year, you’ll have $1378
saved! A member advisor can help
you set up a separate savings account
to make it easy to save.
- We also upgraded our mobile banking
platform with transfer capabilities—even
to friends and family. From a financial
education perspective, we’ve stepped
out to offer more seminars and one-on-one
guidance with the help of financial
educators. These efforts, along with others,
are part of our commitment to serve you
with the values that uphold our credit
union: Care. Integrity. Excellence.
As we kickoff this new year, let each of us
take a moment to reflect on our own savings
balances, behaviors and goals. Is there an opportunity to make a change? Let’s save