WINTER 2026
Understanding W-4s:
The Short Form That Can Set Up Financial Wins Feature Spotlight Recap of Coffee Chats with the CEO Lifestyle Use Debt Strategically To Step Up Your Financial Gain What's Trending Digital Minimalism: What it Means for Social Media & Financial Success
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Insured by NCUA Copyright ©2025 by Spero Financial. All foreign and U.S. rights reserved. Contents of this publication, including images, may not be reproduced without written consent from the publisher. Published for Spero Financial by The Brand Leader. The material included in Checkpoint Magazine is for educational purposes only and not intended to provide specific advice or recommendations for any individual.
IN T H IS IS S U E
LETTER FROM THE PRESIDENT
From the Desk of Brian McKay
COMMUNITY & EVENTS
Upcoming Member Events & Holiday Closures
SPOTLIGHT
Recap of Coffee Chats with the CEO
FEATURE
Understanding W-4s: The Short Form That Can Set Up Financial Wins
LIFESTYLE
Use Debt Strategically To Step Up Your Financial Game
MONEY MANAGEMENT
Stress Test Your Financial Plan
WHAT'S TRENDING
Digital Minimalism: What It Means for Social Media & Financial Success
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CREDIT SCORE
Credit Gains, One Rep at a Time Strong credit is built through consistent training. Use Spero’s free credit score tool in Digital Banking to check your credit progress, set goals, and stay focused on strengthening your score.
Access your credit score for free today!
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Membership required.
Letter from the President Dear Members, Every great team starts a new season with a goal
progress, invite you to take our interactive financial
— to push harder, rise higher, and unlock their full
stress test, and show how digital minimalism can
potential. At Spero Financial, 2026 is our season to
sharpen your focus and bring clarity to your pursuit
do the same.
of financial wellness.
This year, each edition of Checkpoint Magazine will
In athletics — and in life — success isn’t about
spotlight one of the Core Values that define who
perfection; it’s about progress. Whether you’re
we are and how we serve: the Mind of a Champion,
consolidating debt, optimizing your checking
the Spirit of a Warrior, and the Heart of a Servant.
strategy, or tracking your credit score to level up your
These aren’t just phrases we talk about; they’re
financial game, Team Spero is here to coach, cheer,
the playbook that guides how we show up for our
and champion you every step of the way.
members, our communities, and each other.
So, let’s lace up. This year is about showing up with
We begin the year with the Mind of a Champion
purpose, passion, and the Mind of a Champion.
— a mindset defined by passion, dedication,
Here’s to playing hard, pushing limits, and celebrating
and accountability. Champions don’t wait for
every win, big or small, along the way.
opportunities; they create them. They’re coachable, empowered, and fueled by purpose. They know greatness isn’t achieved in a single moment,
I appreciate you!
but in the small, consistent habits that lead to
Brian McKay
lasting success.
PR E S I D E N T
This issue of Checkpoint will show you how to put that champion’s mindset into action. We’ll reframe credit and debt as responsible tools for financial
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CREDIT CARD
Make the Champion Move Take control of your debt by moving your high-interest credit card balances to a Spero credit card. No annual fee. No balance transfer fee. The chance for a lower rate. Less stress, more control — now that’s a winning play!
Apply Today!
Membership required. Subject to credit approval. Other terms and conditions may apply. 4
Community & Events
H O L I DAY C LO S U R E S
Martin Luther King Jr. Day JA N UA R Y 1 9, 2 026
President's Day
UPCOMING MEMBER EVENTS
F E B R UA R Y 1 6, 2026
Higher Education Scholarship F E B R UA RY 1, 2 02 6 - A P P L I CAT I O N S D U E Each year, we award three (3) $5,000 scholarships to Spero Financial members to be used towards higher education. To be eligible, members must be in good standing, be at least a graduating high school senior or older, and be enrolling or enrolled in a school of higher education. Submit your application by February 1!
The Pink Walk & Fun Run F E B R UA RY 7, 2 02 6 Join us on Saturday, February 7, 2026 for the 5th Annual Pink Walk & Fun Run (5K). Whether you walk, run, or cheer in this 5K, you'll support those impacted by cancer - those surviving and thriving and those that we have lost.
Financial Workshop Calendar Throughout this year, we will host virtual financial
Follow Us on Social
wellness workshops – completely free for our members.
Always stay in-the-know as a Spero member by following
Take advantage of this member benefit!
going on with #TeamSpero, member perks, and more!
us on social media. Enjoy financial insights, seeing what’s
Find us @mySperoFi.
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S POT L I GHT
Recap of
Coffee Chats with the CEO From September to November 2025, our CEO, Brian McKay, hosted six Coffee Chats — small, casual conversations where he could hear directly from Spero members. These gatherings provided an opportunity for open dialogue, shared experiences, and meaningful insights that will help guide our credit union as we move forward. Now that the Coffee Chats have concluded, we asked Brian to share what he took away from the conversations.
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S POT LIGH T
What inspired the idea for Coffee Chats with the CEO?
Were there any member stories or moments that stayed with you?
"As we continue to grow, it’s important to stay in touch with
"It was wonderful to see members who have been with us
our members so we can inform our board and management
for over 30 years show up. One of my favorite moments was
team of their wants and needs. Spending time with them
when a member in Spartanburg won the raffle and chose to
like this gives me a chance to get honest feedback in a more
donate his winnings to another member who was present and
casual setting."
about to have a baby."
When you step into these conversations, do you have a specific intention, or do you let each chat unfold naturally?
How will the feedback you received shape Spero’s plans or priorities moving forward?
"Several common questions about the economy and the future
from members, employees, our board, and the broader
of the credit union came up ahead of time, so I always went
community. This gives us a 360-degree perspective that
in prepared to talk about those topics. Otherwise, I let each
informs our direction and decisions."
conversation flow naturally."
"When we do our strategic planning, we consider feedback
What has the Coffee Chat experience been like from your perspective?
How did you see the Mind of a Champion core value reflected in these conversations?
"Each one gave me a fresh perspective and reminded me of
"The Coffee Chats were centered on our Mind of a Champion
the diversity of needs in our membership. I set out to listen
core value. They gave members an approachable way to
instead of trying to solve everything in the moment, and
share feedback and helped our team stay open, coachable,
the experience was overwhelmingly positive—even when
and committed to improving our service."
members shared areas where we can improve."
Why do you think these conversations are so meaningful for Spero members? "One of the things that makes credit unions unique is that
How do you hope members feel after taking part in the Coffee Chats? "I hope they walked away feeling like true member-owners — and knowing their voice matters."
we’re member-owned, so every member has a say in the direction. I have no doubt we’ll implement many of the ideas presented, and I think they’ll enjoy seeing the results."
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F EAT URE
Understanding The Short Form That Can Set Up Financial Wins
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Champions don't guess — they prepare.
year and head into tax season, there’s no better place to start
When it comes to your financial game plan, understanding
than with your W-4. It’s a short form, but when you know
the financial basics that shape your everyday life can play a
how to fill out a W-4 correctly, it can set you up for more
critical role in your long-term success. As we kick off a new
financial wins all year long.
FEATURE
What Is a W-4? A W-4 is the form your employer uses to determine how much federal income tax to withhold from each paycheck. It’s also one of the first forms you complete when you get a new job. Think of it as your playbook for the IRS. Withhold too little, and you may wind up owing money at tax time. Withhold too much, and you’ll get a big refund — but your paychecks will be smaller throughout the year. When you understand W-4 forms, it’s easier to find the right balance. The goal isn’t to win a refund; it’s to determine the withholding that ensures your paycheck aligns with your financial goals.
When Should You Update It? Many people fill out a W-4 on their first day at a new job and never revisit it. But just like champion teams have to make
STEP 2: MULTIPLE JOBS If you have more than one job — or you file jointly and both you and your spouse work — this step helps ensure the right amount is withheld. If you want to double-check your withholding, use the IRS online estimator for the most accurate results. STEP 3: CLAIM DEPENDENTS This is where you enter the number of qualifying children or dependents you have. This section affects the amount withheld and helps account for credits you may qualify for. STEP 4: OTHER ADJUSTMENTS This optional step lets you fine-tune your withholding: • (a) Report other income (like freelance work). • (b) Add deductions beyond the standard deduction. • (c) Request extra withholding if you want a financial cushion at tax time.
in-game adjustments, you may need to make adjustments as
STEP 5: SIGN AND SUBMIT
your life and circumstances change.
Once you’ve finished filling out all the sections, give your
You should review your W-4 if you:
completed W-4 to your manager or HR representative. They’ll handle it from there.
• Start a new job • Get married or divorced • Pick up a second job or earn freelance income
Why Your W-4 Matters for Your Financial Future
• Want more predictable taxes (and fewer surprises
It only takes a few minutes to fill out, but your W-4 can
• Welcome a child or add another dependent
each April) Champions know they have to adjust as the game progresses. Updating your W-4 is one of the easiest ways to stay in control of your finances.
How To Fill Out a W-4: A Step-By-Step Guide
play a major role in keeping your finances steady. More predictable paychecks. Fewer tax surprises. A clearer path toward saving, budgeting, and long-term stability. When you understand how your withholding works, you gain control — and control can give you the confidence it takes to become a financial champion.
Have you ever started a new job, gone through orientation, and found yourself wondering, “How do I fill out a W-4?” If so, you’re not alone. The good news is that the form is more straightforward than it used to be. Here’s a quick breakdown of what each section means: STEP 1: PERSONAL INFORMATION This is just the basics — name, address, Social Security number, and filing status (single, married filing jointly, etc.). It may seem like a formality, but accuracy matters here.
Whether you’re starting a new job or you’ve been in the same role for years, take a few minutes to review your W-4. It’s a simple, smart move that can keep you on track to hit your financial goals. Please consult a tax advisor.
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PERSONAL CHECKING ACCOUNT
Winning Starts with the Right Fit Financial goals aren’t one-size-fits-all. Checking accounts shouldn’t be either. Spero offers multiple checking options — from free checking to reward accounts — so you can find the one that helps you turn goals into wins.
Open your Spero Checking account today! Membership required. 10
LIFESTYLE
Use Debt Strategically
To Step Up Your Financial Game
M
ost of us will carry some kind of debt at different points in our financial lives. It’s a normal part of managing money. While debt can feel stressful, it doesn’t have to be overwhelming. When
used responsibly and strategically, it can become a powerful tool for building long-term financial stability. 11
L IF ESTYLE
Can Debt Work for You? You incur debt any time you borrow money from an institution or an individual. Car loans, mortgage payments, and credit card bills are all forms of debt you may encounter in your daily life. It’s easy to think of debt as a bad thing, but there’s more to it than that. Debt itself isn’t good or bad. How you use it makes all the difference. That’s why it’s always important to keep your financial goals in mind. If your debt moves you closer to those goals, it can be good. If it makes it harder to reach them, you may want to steer clear of it.
Examples of
"Good" Debt Paying Your Home Mortgage Paying a mortgage can help you build equity in a home — an asset that often grows in value over time.
Using Your Credit Card Wisely Using a credit card for small purchases and paying it off each month helps build a positive payment history and shows lenders that you’re dependable.
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LIF E ST Y LE
Examples of
"Bad" Debt Owing More Than Your Car's Value Owing more than your car is worth can make trading it in more challenging.
High Credit Card Interest Paying only the minimum payment can make your credit card balance grow faster than expected, resulting in higher interest costs over time.
An Unrealistic Amount of Debt Debt that is greater than you can ever realistically repay can lead to bankruptcy.
Your Credit Score is Your Financial Reputation Why does increasing your credit score matter? Your credit score works like a financial snapshot that shows lenders how likely you are to repay the money you borrow. The better your credit score is, the more lenders will trust you. This opens the door to more favorable rates and more flexible terms, allowing you to have more options as you work toward your goals. Debt is a key part of your credit score. Most people need a small amount of borrowing to start building credit – that’s how you establish your payment history and build your credit score. Managing debt in a smart, steady way can create opportunities down the road — from buying a home to reaching other major milestones. And as a Spero member, you don’t have to figure it out alone. We’re here to support you every step of the way.
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MO NEY MATTERS
Stress Test Your Financial Plan
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My budget is… A. Reviewed monthly and up to date. (3) B. Mostly accurate, but sometimes I wing it. (2) C. Made up of best guesses and ballpark figures. (1) D. Budget? Like the car rental company? (0)
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When it comes to insurance (home, renters, auto, health), I… A. Know exactly what’s covered and how much my deductibles are. (3) B. Have coverage, but I don’t really know the details. (2) C. Hope the coverage I chose years ago is still fine. (1) D. Pick the cheapest plans and keep my fingers crossed. (0)
Life throws curveballs from time to time — surprise car repairs, unexpected medical bills, an AC unit that goes out during the hottest week of summer. Let’s give your current financial plan a quick “stress test” to see how ready you are for sudden surprises. Grab a pen (or just keep track in your head). Answer each question honestly, add up your points, and check your score at the bottom.
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If I suddenly lost an income, I could cover my bills for… A. Several months without stress. (3) B. A little while, but I’d need to make changes fast. (2) C. A couple of weeks, at most. (1) D. About an hour and a half. (0)
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06
02
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If a $500 expense popped up tomorrow, I would… A. Cover it with my emergency fund. (3 points) B. Pay it and adjust my budget for the coming month. (2 points) C. Put it on a credit card and figure it out later. (1 point) D. Definitely have to phone a friend. (0 points)
I currently have an emergency fund with… A. 3-6 months of expenses. (3) B. $1,000 set aside. (2) C. A few hundred dollars. (1) D. More good intentions than money. (0)
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My debt situation looks like… A. Everything’s under control — steady payments, low balances. (3) B. It’s manageable, but sometimes things get tight. (2) C. I’m always playing catch-up. (1) D. My bills have bills. (0)
A major life change (new job, new baby, new house) would mean… A. Updating my financial plan right away. (3) B. Adjusting my plan…eventually. (2) C. Waiting until the dust settles to even think about money. (1) D. Focusing on everything BUT my finances. (0)
M O NE Y MAT T E RS
How’d You Do?
Simple Ways To Stay Ready
Add up your points. Let’s see how solid your
Whether your score topped the chart or has room for
financial plan is.
improvement, these steps help you build confidence and control
18–21 POINTS:
for whatever comes next.
ROCK-SOLID & READY TO WIN
1. BUILD (OR GROW) YOUR EMERGENCY FUND
You’re built for whatever challenges come your
Start small if you need to — even small amounts like $10 or $25 a
way. Storms, surprises, sudden expenses —
week add up. Aim for three to six months of expenses over time.
you’ll stand like a champion through it all. Your preparation gives you confidence, flexibility, and
2. REVIEW YOUR INSURANCE COVERAGE
peace of mind. Review your plan at least once a
Double-check your deductibles, coverage limits, and renewal dates.
year to stay strong and current.
Take time to make sure your insurance policies still fit your life, and
13–17 POINTS: STRONG FOUNDATION, GROWING STRONGER You’re in a good place with healthy
adjust as needed. 3. TRACK YOUR SPENDING You don’t need a complicated system. A simple monthly review can help you see where you’re overspending and free up cash for savings.
habits and a dependable base to build on. With a few focused upgrades — like boosting your emergency savings or tightening your budget — your financial readiness will give you the strength
4. REDUCE HIGH-INTEREST DEBT Consider transferring your balance to a Spero credit card for possible interest rate savings to help pay off your balance faster.
you’re looking for.
5. MAKE SAVING AUTOMATIC
7–12 POINTS:
Turn savings into a habit. Automating a small weekly transfer into your
WORK IN PROGRESS (WITH PLENTY OF UPSIDE)
emergency fund makes it painless and consistent.
You’re handling things as they come, but
Don't Stress — You've Got This!
a little structure could make emergencies
Nobody likes to think about financial emergencies, but preparing for
feel a whole lot less stressful. Focus on
them lets you overcome them like a champion. No matter what your
one win at a time: start a small emergency
score is, small changes today can make your future brighter — and
fund, review your insurance, or set up
Spero is always here to help you build a financial game plan that works
spending categories you can actually
for you.
stick to.
0–6 POINTS: THE FINANCIAL FREE SPIRIT You know how to live in the moment… but a financial safety net would make things even more enjoyable. Think of a financial plan as a fresh start, not a cage. A few intentional steps can make a huge difference — and set you up to spread your wings and soar!
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WH AT'S TREN DIN G
Digital Minimalism:
What It Means for Social Media & Financial Success In our digital-first world, many people are seeking a way to be more intentional about how they use technology. This search is inspiring a growing “digital minimalism” movement on social media. The term “Digital Minimalism” was created by author Cal Newport, who defines it as “a philosophy that helps you question what digital communication tools (and behaviors surrounding these tools) add the most value to your life.” Put another way, it’s taking a closer look at the apps and tools we use every day and asking whether they help us or just distract us. Let’s explore how this mindset can make everyday money choices feel a little easier.
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W H AT ' S T RE NDING
Can Social Media Lead To Overspending?
compare myself with others? Can I follow
Social media provides an excellent
for myself?
case study for the relationship between digital minimalism and personal finance. While social media is a powerful communication tool, it can also encourage us to spend more money than we should.
or unfollow people to create a more positive, uplifting digital experience These simple questions — and more importantly, your answers to them — can help you make minor adjustments that bring a little more calm and control to your financial world. Perhaps you could limit your time on social apps or remove
Think about it: As algorithms make our
your credit card information from your
feeds more and more personalized, they
phone to reduce overspending. Just like
target us with ads for the exact types of
your finances, it’s a personal choice.
products we would want to buy. Plus,
need to toggle to your phone’s web
Simplify Social Media & Improve Your Financial Life
browser to place your order — all you
Once you’ve taken a moment to look at
have to do is swipe, and you’ll have a
your social media habits through this lens
package on your doorstep in a few days.
of digital minimalism, you can expand to
many social media platforms have a shopping component integrated into their apps. As a result, you don’t even
Although this convenience saves time, it can also lead to overspending if we
other apps on your phone or other digital tools you use every day.
aren’t careful. Let’s be real — most of
Are these things improving your financial
us have probably made an impulsive
life or making it worse? If they’re helping,
purchase of an item we saw online,
keep them. If they’re not, it’s a great time
haven’t we?
to pause and consider whether a change
By taking a digital minimalist approach when using these platforms, we can make more measured choices about how we use our time and spend our money. But
could make things better. When it comes to our daily digital habits, small shifts can make a big difference. The best part is that you get to choose what feels right for you.
what does that look like on a practical
Remember, progress is the goal, not
level? It can be as simple as asking
perfection. Even a few simple steps in a
yourself: Are all of the social platforms
positive direction can help you feel more
I use adding positivity to my life? Do
confident and in control.
they encourage me to overspend or
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PO Box 10708 Greenville, SC 29603 spero.financial
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