MONEY TALK
SUMMER 2021
PRESIDENT’S MESSAGE
A. Scott MacKnight, CEO/President As we move into a new phase with the pandemic and our economy, it is essential Triangle Credit Union continues to move forward with strategies to serve our members. We strive to process member transactions in a friendly, accurate and efficient manner. Whether those transactions take place in our branches, at a drive-thru window, or online, we know our service doesn’t stop there. For instance, Triangle’s Commercial Services team processed a significant number of Payroll Protection Program (PPP) loans throughout the pandemic and was recognized by the US Small Business Administration (SBA) as a top lender during this crucial time. We truly believe, “we are in the business to help your business.” Triangle is also enhancing your membership through wealth building. Triangle Financial Group (TFG) has been diligent in their delivery of valuable, educational webinars that include Organizing Your Financial Junk Drawer, Estate & Retirement Planning, Understanding Social Security, and Medicare Made Clear. Most recently, TFG offered a webinar on how to grow your wealth and net worth through annuities. More and more members are taking advantage of the financial planning products and services that TFG offers, and we are excited to report that TFG has increased their provider group to meet our membership’s demand; for example, Eric Cooper joined the team to work with Triangle business members and Paola Gutierrez was hired to assist our Spanish-speaking members navigate their financial journeys. Whether you’re a consumer or business member (or both) at Triangle, we value and appreciate your commitment to the credit union and we are honored to be your financial service provider. Have a safe & enjoyable summer!
Special Notice
BI-ANNUAL VERIFICATION As part of the duties and responsibilities of the Supervisory Committee of Triangle Credit Union, we must conduct a verification of accounts with the Credit Union's records at least once every two years. The purpose of the verification is to detect errors, and it is a good control to prevent fraud. The Supervisory Committee has selected this month to conduct its verification. Kindly compare these balances with your records. If they do not agree, please report any differences immediately to: Triangle Credit Union Supervisory Committee PO Box 717 Nashua, NH 03061-0309 We will consider the balances correct unless we hear from you by July 23, 2021. Please send all other inquiries and loan payments to: Triangle CU, PO Box 309, Nashua, NH 03061-0309. Thank you for your assistance! Triangle Credit Union Supervisory Committee Edward Lecius, Chairman
WEBINARS & WORKSHOPS SEPTEMBER • Medicare Made Clear • First Time Homebuyer Webinar (Spanish) • Building Your Business with Triangle YOUTUBE WEBINARS Scan this code to view our current YouTube Webinars. Visit the events page at trianglecu.org for dates, times, and registration.
TRIANGLE’S TOP HOME IMPROVEMENTS IN 2021
By: Terri Connolly, Making Money Personal Podcast Host You’ve built up some equity in your home and you’re considering opening a Home Equity Line of Credit (HELOC) to make some upgrades to your largest asset: your home. If you’ve ever wondered what upgrades you can make to get the biggest return, then wonder no more. Based on my research, industry experts evaluated projects and assigned a return value on the dollars spent. I’ll start at the bottom of the list and go to the top in terms of highest percentage of return value: #5 Finished Basement: Once an area considered best for storage, the basement has become an extension of your living space. Finished basements are fetching a high 75% return on investment if done right, which means the design you create for your basement should reflect what you have in other areas of your house, meaning don’t skimp out on this item.
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#4 New Windows: High quality, energy saving windows not only reflect beauty, but they also save money, especially here in New England. New windows get a 75% return on your investment, which makes this item well worth the money! #3 New Roof: Have you noticed roofs have become an extension of home design? There are so many different materials and colors to select from, too! A new roof can be tricky, and you must be careful not to overspend—if you choose a quality product and keep to traditional materials, you should be in good shape and get back a whopping 75% return on your investment. #2 Kitchen Renovation: We all know a kitchen is the heart of the home, and this is where many homeowners are willing to spend some money for the kitchen of their dreams! Have at it because any money spent here will add value to a homeowner’s biggest investment. The average return for a kitchen redesign is 75-100% back! The #1 Home Improvement is Flooring! With so many options for homeowners, flooring has become an essential part of room design and decor. Any money spent here will get you 100-150% return on investment. The caveat is installation—you want to make sure the install is professional grade, so make sure you hire the right installer or take your time to do it right!
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trianglecu.org - (603) 889-2470 Amherst - Derry - Manchester - Merrimack - Nashua
Business Accounts
with Checking, Debit, & Credit Options
Business Lending
for Equipment Purchases & Expansion
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