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Payments as low as $88/month for 2 years!*
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Spread more cheer with a ViaHoliday Loan. Purchase gifts for family or friends, fuel up the sleigh for holiday travels or just enjoy the peace of mind that comes with extra jingle in your pocket.
With all of the hustle and bustle this time of year, we have made it easy to apply! Upon approval, you can electronically sign the loan documents and funds can be deposited directly into your ViaCU account!
*Rate is based on credit score and approval is subject to underwriting guidelines. Promotional rate as low as 4.99% APR is available for a maximum term of 24 months. Payment example: $2,000 loan amount for 24 months at 4.99% APR would have a monthly payment of $87.73. Current ViaCU loans are not eligible for refinancing. Offer ends December 31, 2020 and is subject to change at any time without notice.
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Mortgage Deduction Reminder
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Did you refinance your home mortgage in 2020?
If so, visit your county Assessor’s office to reapply for the Indiana Mortgage Deduction. The Mortgage Deduction must be reapplied for if the property is sold, the title is changed or the home is refinanced. To ensure you do not lose the deduction for your property taxes in 2021, you must reapply by December 31, 2020.
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Your ViaVISA credit card transaction limit will be temporarily increased to 15 transactions per day during the holiday season*.*ViaVISA credit cards daily transaction limit will be increased to 15 transactions per day from 11/15/20-01/05/21.
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Please remember there is a daily purchase limit of $1,500 for the ViaCU MasterCard debit card.
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Get your mitts on more cash!
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Take advantage of ViaSkip Payment and skip your closed-end loan payment once once per calendar year to get your hands on some extra cold hard cash!
Complete the online ViaSkip Payment form to get started.
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Casual for a Cause: Nurse's Aid
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ViaCU’s staff have the opportunity to donate $1 every Saturday to dress down to support Nurse’s Aid. During October, staff will be seen in Nurse’s Aid t-shirts to bring awareness of the program.
Nurse’s Aid is a program that provides school nurses with personal hygiene items and other necessary supplies beyond first aid needs. ViaCU’s goal is to spread awareness and raise enough money to fulfill each school nurse’s “wish list” each school year.
If you are interested in donating to Nurse's Aid, call 765.674.6631 or let your teller know next time you are in the branch.
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International Credit Union Day
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On Thursday, October 15, 2020, join your global credit union family as we celebrate the 72nd anniversary of International Credit Union (ICU) Day.®
ICU Day® celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences. ICU Day® has been celebrated on the third Thursday of October since 1948.
The ultimate goal is to raise awareness about the tremendous work that credit unions and other financial cooperatives are doing around the world and give members the opportunity to get more engaged. The day of festivities for credit unions and financial cooperatives globally includes fundraisers, open houses, contests, picnics, volunteering and parades.
This year's theme is "Inspiring hope for a global community."
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A New ViaConnect Experience is Here
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Some of the enhanced features include: - eStatements as a PDF are available to download, save and view
- Live Chat during business hours
- ViaSavings Jar rounds up your debit card transactions & deposits into savings
- Member to member transfers in the app
- View transactions and make payments to VISA credit card
- Computer security tips and articles
Visit www.viacu.org to log into ViaConnect and experience the new features!
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As the holiday season approaches and we’re shopping and using our credit and debit cards, your homeowners/renters policies can now be endorsed for Cyber Fraud protection. It is not a monitoring system, but in the event of a fraudulent breach of your credit, the insurance carrier has a department dedicated to reconstructing your information. It is $25 - $45 for the year, versus the monthly costs incurred with the monitoring products.
Insurance is peace of mind while you are having fun. Request a free, no obligation quote online or call Beth Combs at 765.733.9058.
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Handling Market Volatility
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Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there's no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help.
Don't put your eggs all in one basket
Diversifying your investment portfolio is one of the key tools for trying to manage market volatility. Because asset classes often perform differently under different market conditions, spreading your assets across a variety of investments such as stocks, bonds, and cash alternatives has the potential to help reduce your overall risk. Ideally, a decline in one type of asset will be balanced out by a gain in another, though diversification can't eliminate the possibility of market loss.
One way to diversify your portfolio is through asset allocation. Asset allocation involves identifying the asset classes that are appropriate for you and allocating a certain percentage of your investment dollars to each class (e.g., 70% to stocks, 20% to bonds, 10% to cash alternatives). A worksheet or an interactive tool may suggest a model or sample allocation based on your investment objectives, risk tolerance level, and investment time horizon, but that shouldn't be a substitute for expert advice.
Focus on the forest, not on the trees
As the market goes up and down, it's easy to become too focused on day-to-day returns. Instead, keep your eyes on your long-term investing goals and your overall portfolio. Although only you can decide how much investment risk you can handle, if you still have years to invest, don't overestimate the effect of short-term price fluctuations on your portfolio.
Look before you leap
When the market goes down and investment losses pile up, you may be tempted to pull out of the stock market altogether and look for less volatile investments. The modest returns that typically accompany low-risk investments may seem attractive when more risky investments are posting negative returns.
But before you leap into a different investment strategy, make sure you're doing it for the right reasons. How you choose to invest your money should be consistent with your goals and time horizon.
For instance, putting a larger percentage of your investment dollars into vehicles that offer asset preservation and liquidity (the opportunity to easily access your funds) may be the right strategy for you if your investment goals are short term and you'll need the money soon, or if you're growing close to reaching a long-term goal such as retirement. But if you still have years to invest, keep in mind that stocks have historically outperformed stable-value investments over time, although past performance is no guarantee of future results. If you move most or all of your investment dollars into conservative investments, you've not only locked in any losses you might have, but you've also sacrificed the potential for higher returns. Investments seeking to achieve higher rates of return also involve a higher degree of risk.
Look for the silver lining
A down market, like every cloud, has a silver lining. The silver lining of a down market is the opportunity to buy shares of stock at lower prices.
One of the ways you can do this is by using dollar-cost averaging. With dollar-cost averaging, you don't try to "time the market" by buying shares at the moment when the price is lowest. In fact, you don't worry about price at all. Instead, you invest a specific amount of money at regular intervals over time. When the price is higher, your investment dollars buy fewer shares of an investment, but when the price is lower, the same dollar amount will buy you more shares. A workplace savings plan, such as a 401(k) plan in which the same amount is deducted from each paycheck and invested through the plan, is one of the most well-known examples of dollar-cost averaging in action.
For example, let's say that you decided to invest $300 each month. As the illustration shows, your regular monthly investment of $300 bought more shares when the price was low and fewer shares when the price was high:
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(This hypothetical example is for illustrative purposes only and does not represent the performance of any particular investment. Actual results will vary.)
Although dollar-cost averaging can't guarantee you a profit or avoid a loss, a regular fixed dollar investment may result in a lower average price per share over time, assuming you continue to invest through all types of market conditions.
Making dollar-cost averaging work for you - Get started as soon as possible. The longer you have to ride out the ups and downs of the market, the more opportunity you have to build a sizable investment account over time.
- Stick with it. Dollar-cost averaging is a long-term investment strategy. Make sure you have the financial resources and the discipline to invest continuously through all types of market conditions, regardless of price fluctuations.
- Take advantage of automatic deductions. Having your investment contributions deducted and invested automatically makes the process easy and convenient.
Don't stick your head in the sand
While focusing too much on short-term gains or losses is unwise, so is ignoring your investments. You should check your portfolio at least once a year — more frequently if the market is particularly volatile or when there have been significant changes in your life. You may need to rebalance your portfolio to bring it back in line with your investment goals and risk tolerance. Rebalancing involves selling some investments in order to buy others. Investors should keep in mind that selling investments could result in a tax liability. Don't hesitate to get expert help if you need it to decide which investment options are right for you.
Don't count your chickens before they hatch
As the market recovers from a down cycle, elation quickly sets in. If the upswing lasts long enough, it's easy to believe that investing in the stock market is a sure thing. But, of course, it never is. As many investors have learned the hard way, becoming overly optimistic about investing during the good times can be as detrimental as worrying too much during the bad times. The right approach during all kinds of markets is to be realistic. Have a plan, stick with it, and strike a comfortable balance between risk and return.
Heath Slain, Financial Advisor*, can help you plan for the future. Contact Heath online or by calling 765.662.3700 to discuss your financial plans.*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
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