On the Money

On the Money QUARTERLY NEWSLETTER | JANUARY 2023

IN THIS EDITION PAGE

EMPLOYEE SPOTLIGHT MOBILE WALLET

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EMERGENCY FUND FINANCIAL GOALS

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IN THE COMMUNITY DANA WINKLER SCHOLARSHIP

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WE CAN HELP YOU BUILD AN EMERGENCY FUND! See more inside!

INTRODUCING...

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KAREN ANGUIANO Karen Anguiano began her career at WFCU in April 2018 as Member Solutions Associate II and was soon promoted to her current role as Member Solutions Specialist. Karen’s three significant accomplishments in her life are raising a family, her promotion here at WFCU, and building relationships with members.

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When Karen is not working, she adores spending time with her grandchildren and five dogs. She also loves working in her yard and watching it blossom with the flowers she plants. Even though Karen grew up in Upper Sandusky, Ohio, she is an avid reader of Kansas and Karen w Wichita history. She has traveled to many ith h er g places, but her favorites are the scenic ran d beauty of the Grand Canyon and Sedona, Arizona. Her claim to fame is knowing country artist Cody Johnson. “’Til You Can’t” is her favorite song he performs.

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When asked about a fond memory here at WFCU, Karen said, “I had a member who was so grateful that we were able to open an account so that he could get a car loan. He was so grateful to us for helping him. This is what makes our jobs worthwhile.” Karen embodies the credit union motto, “People Helping People,” as she genuinely enjoys helping members with their financial needs.

Watch for more WFCU team members in upcoming newsletters.

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Global Acceptance WFCU On The Money | January 2023

TIPS FOR FINDING

FUNDS IN AN EMERGENCY If you find yourself facing an emergency that you’re financially under-prepared for, the prospect of what to do next may feel overwhelming. Don’t panic. There are things you can do to get through this crisis.

The first step is to restructure your current budget. While some expenses are difficult to change, such as mortgage or auto loan payments, there are plenty of areas that you can easily adjust to cut back spending and save money.

Drawing from longterm savings, vacation funds, and other savings accounts can help bolster your finances in a pinch.

Similarly, if you’re really in a bind, you could consider cashing in on investments. Even if returns may not be as high as you would like, that money could help address your current emergency.

You should only withdraw early from retirement accounts like a 401(k) or IRA if necessary. Unless you meet the criteria for an approved hardship, there is a penalty for early withdrawals. Also, draining these accounts can greatly setback your retirement. If your current assets don’t cover

By: Banzai!

it, look for ways to get more. Consider selling valuables that you don’t need. Things like art, jewelry, antiques, and similar items may be hard to part with, but that money can carry you through a rough patch. Plus, online marketplaces make selling valuables easy.

If selling doesn’t make a big enough difference, try to increase your income by picking up extra work. Additional part-time or variable-hour work can help you quickly boost your cash flow. You could also ask your employer for an advance on your paycheck to help cover your current expenses, though not all companies will offer this type of benefit.

Remember, you don’t have to face an emergency alone. There are government programs put in place to help protect you and your dependents should you need them. If you’ve been laid off, are considering applying for unemployment benefits, or struggling to provide necessities for yourself and your family, SNAP or TANF can make up the difference if you qualify. If you currently don’t have health insurance, Medicaid or CHIP can help.

When you’re back on your feet, consider taking the time to prepare an emergency fund should you need it again.

WFCU On The Money | January 2023

IN THE

COMMUNITY

EAST EAST

Shred Day West

9835 E. 21st St. N. | Wichita, KS 67206

Our annual Shred Day West was held on October 8, 2022, at the Wichita Art Museum. A total of 2,240 lbs. of paper was recycled! Members also donated socks that were distributed to those in need through Paxton’s Blessing Box/ Socktoberfest.

CITY CITY HALL 455 N. Main St., Rm. 410 | Wichita, KS 67202

WEST WEST 3730 W. 13th St. N. | Wichita, KS 67203 WFCU Staff (left to right): Lori, Christi, Valerie, and Taneice

Board Member: Wayne

Veterans Day As part of our inspireICT initiative, WFCU Volunteers delivered gift bags at the Veterans Day Gathering at Oxford Villa hosted by Vet-To-Vet Support Command. During the event, our volunteers listened to many stories Veterans shared and had the pleasure of spending time with them. WFCU thanks WFCU Staff: Amanda, Victoria, Jacquie, Candy, and Penny all Veterans for their service, bravery, sacrifice, and courage. #wfcuproud

Dana Winkler Scholarship Each year, Wichita Federal Credit Union awards eight $1,000 scholarships to students and their accredited educational institutions. Since 2004, 151 students have been awarded a combined total of more than $135,000 in scholarships. You could be next! Apply today!

WFCU Holiday Closures:

JAN

Martin Luther King Jr. Day All Offices Closed

FEB

Presidents Day All Offices Closed

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················ Coming Soon:

MAR

Annual Meeting WFCU East - 6:30pm

MAR

Dana Winkler Scholarship Application Deadline

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The deadline to apply is March 31, 2023.

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Visit wichitafcu.com/DWS23 for details!

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nd more events on our Facebook page and f low us on Twi ter, and Instagram @Wichitafcu!

WFCU employees, officials, and immediate family members are not eligible.

Office Hours: Our City Hall Office is only accessible to members who work in the the City Hall building. Download our app today for 24/7 access! Visit wichitafcu.com.

316.941.0600 ················

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