1st Quarter eNewsletter
Resolve to Grow Your Money in 2020
ViaCertificates offer a wide range of terms and some of the most competitive rates in the area.
  • Dividends compounded and paid monthly
  • Open with as little as $500
  • Deposits are insured up to $500,000 with up to $250,000 provided by NCUA and up to $250,000 provided by ESI.
Put your savings to work for you this year with these ViaCertificate Specials!
20 Month
30 Month
Your Financial Success Starts NOW!

*APY=Annual Percentage Yield.  Rates effective as of January 1, 2020 and are subject to change without notice.  Minimum balance to open 12-71 month certificate is $500.  Dividends are compounded and credited monthly.  Early withdrawal penalties apply.  Certificates with term 18-71 months are subject to a penalty for early withdrawal of 180 days dividends on principal withdrawn, whether earned or not. 
Scholarship Applications Available
Scholarship Applications
Apply today for one of six $1,000 Scholarships. To qualify, the applicant must be a High School Senior, member of the credit union for at least one year by application deadline and have a cumulative High School GPA of at least 3.0 on a 4.0 scale.  Applications are available online and at all branch locations. Deadline for applying is March 15, 2020. 
84th Annual Meeting
Save the Date
Save the date for Saturday, April 25, 2020!  The annual meeting will be held at the Ivy Tech Conference Center (261 S. Commerce Dr. in Marion, IN).  Doors will open at 5:30 pm and dinner will be served at 6:00 pm, followed by the Business Meeting.
Dinner tickets will be available March 3-April 10.
Greatest Credit Union
Thank you for your votes!
The Chronicle-Tribune readers voted Via Credit Union the GREATEST CREDIT UNION in Grant County for the THIRTEENTH year in a row!
ViaCU Gives Back During the Holidays
ViaCU gives back to our communities throughout the year, but know the need is always greater during the holidays.  Therefore, ViaCU staff and members gave back in various ways.  

Angel Tree Programs
Via Credit Union’s staff came together once again this year to support the needs of the community by raising $2,000 for local Angel Tree programs, which provides gifts to children in need.
Blackford County
Blackford County: Hartford City branch staff presented $500 to Todd Hill, Grace Shockey and Valerie Janowski-Human for the Blackford High School Angel Tree program.
Grant County
Grant County: West Marion branch staff presented $1,000 to Lt. Jessica Smith for the Grant County Salvation Army’s Angel Tree.
Kosciusko County
Kosciusko County: Warsaw Branch staff presented $500 to Ken Locke for the Kosciusko County Salvation Army’s Angel Tree.
Stocked Local Food Pantries
Non-perishable food and toiletries, along with over $650, was collected by staff and members during December and dispersed to the following pantries:

  • East: The Harvest House
  • Gas City: The Well
  • Hartford City: Senior Center
  • South Marion: Homeland Mission
  • Warsaw:  Combined Community Service
  • West Marion: Salvation Army
Get Your Mitts On More Cash!
ViaSkip Payment
Take advantage of ViaSkip Payment and skip your closed-end loan payment once per calendar year. Use the extra cash for a weekend getaway or just enjoy the extra cold, hard cash!
Complete the ViaSkip Payment form to get started.
How Consumers Spend Their Money
Share of total spending for the top five categories
Each year, the Bureau of Labor Statistics reports on consumer spending patterns. According to the 2019 report, consumers spent an average of $61,224 in 2018.*

*Average annual expenditures per consumer unit. Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, and two or more persons living together who share major expenses. U.S. Bureau of Labor Statistics, Consumer Expenditures 2018, released September 2019
Treat Yourself to Your Maximum Refund and a Chance to Win $25K
Treat yourself to a stress-free tax season! Via Credit Union has teamed with TurboTax to save you up to $15 on TurboTax and a chance to win $25,000.
  • Right for your unique tax situation. Simple filer? Homeowner? Investor? Freelancer or side-gigger? TurboTax has a solution for you. 
  • File with confidence.  TurboTax guarantees 100% accurate calculations and runs thousands of error checks as you go. With TurboTax, you’ll get your biggest possible refund.
  • Help if you need it. It’s easy to get support along the way — from answers online anytime, to unlimited advice and a final review of your return from a TurboTax Live CPA.
  • $25,000 Sweepstakes. Try TurboTax Online for free by February 13th to be automatically entered to win the $25K Grand Prize, or one of twelve $1,000 prizes.
Start TurboTax today for free and be entered to win!

Visit turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information. Limited time offer for TurboTax 2019. Discount applies to TurboTax federal products only. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice.  Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries.

TurboTax $25,000 Sweepstakes. NO PURCHASE OR FINANCIAL DISCLOSURE NECESSARY. Open to legal residents of the 50 United States or the District of Columbia, 18 years of age or older at time of entry, who are customers of participating Financial Institutions or employees of participating businesses. Void in Puerto Rico and where prohibited by law. Sweepstakes ends 2/13/20. Subject to complete Official Rules and all applicable federal, state and local laws. For Official rules including participating Financial Institutions and businesses, odds of winning, alternate method of entry, and prize descriptions, visit the Official Rules. PRIZES: 1 Grand Prize: A check for $25,000. Retail value, $25,000. 12 First Prizes: A check for $1,000. Retail value, $1,000 each. Maximum retail value of all prizes is $37,000.  The odds of winning a prize depend upon the total number of eligible entries received by the end of the Promotion Period.  SPONSOR: Intuit Inc., 7535 Torrey Santa Fe Rd, SDG-1A-04-05B, San Diego, CA, 92129.
ViaCU Awards Grants to Twelve Teachers
Teacher Grants
Via Credit Union awarded 12 grants totaling over $4,000 to local teachers for the funding of special classroom projects.  Over the years, ViaCU has funded 93 projects totaling over $38,000 to area teachers.
President/CEO, Dave Abernathy and Warsaw Branch Manager, Tracy Speigle, delivered checks and offered congratulations to each grant recipients.  The Teacher Grants fund innovative classroom projects for which no other funding is available.  “Via Credit Union is proud to fund these projects. School budgets are extremely tight and the grants enable teachers to develop programs that would not exist without this financial help,” said Abernathy.
Grant winners competed with numerous teachers for an opportunity to make their projects come alive in the classroom.  The winning teachers will use the grant money for the following projects:
Lori DeNeff, Frances Slocum Elementary, Take Home Canvas Bags project.
Jennifer Gallatin, Northside Elementary, Ozobot Robotics project.
Doris Goble, Eastbrook High School, Employability Skills Showcase project.
Jessica Grinslade, Converse Elementary, A Better Tomorrow project.
Tiffany Hehe, Mississinewa High School, The Great (Gatsby) Escape project.
Shalee Myron, Southside Elementary, Speech, Language and Sensory Play project.
Shelly Neal, Northview Elementary, A Glow in the Dark Art Show project.
Elizabeth Shrontz, Eastbrook High School, Learning the Nature of Nurturing project.
Tim Tarplee, Lapel High School, Site Planning and Development project.
Kristina Wagner, Frankton High School, VAMOS Play and Learn project.
Lou Ann Walden, Elwood Elementary, From Beads to Keychains project.
Josh Wall, Jefferson Elementary, Writing with LEGO Story Starters project.
ViaInsurance Agency
After you purchase the Christmas bling, be sure to contact your insurance agent to add the “all risk” schedule to your homeowners or renters policy.  Also, keep in mind that winter toys such as, snowmobiles and four wheelers, need insurance as well.  Another reminder, please take precautions with the holiday greenery and festive candles, be smart with electric heaters and use caution with wood burning stoves and kerosene heaters as well.

Receive a free, no obligation quote for your insurance needs by calling Beth Combs at 765.733.9058.
Hindsight Is 2020: What Will You Do Differently This Year?
Heath Slain
According to a recent survey, 76% of Americans reported having at least one financial regret. Over half of this group said it had to do with savings: 27% didn't start saving for retirement soon enough, 19% didn't contribute enough to an emergency fund, and 10% wish they had saved more for college.1
The saving conundrum
What's preventing Americans from saving more? It's a confluence of factors: stagnant wages over many years; the high cost of housing and college; meeting everyday expenses for food, utilities, and child care; and squeezing in unpredictable expenses for things like health care, car maintenance, and home repairs. When expenses are too high, people can't save, and they often must borrow to buy what they need or want, which can lead to a never-ending cycle of debt.
People make financial decisions all the time, and sometimes these decisions don't pan out as intended. Hindsight is 20/20, of course. Looking back, would you change anything?
Paying too much for housing
Are housing costs straining your budget? A standard lender guideline is to allocate no more than 28% of your income toward housing expenses, including your monthly mortgage payment, real estate taxes, homeowners insurance, and association dues (the "front-end" ratio), and no more than 36% of your income to cover all your monthly debt obligations, including housing expenses plus credit card bills, student loans, car loans, child support, and any other debt that shows on your credit report and requires monthly payments (the "back-end" ratio).
But just because a lender determines how much you can afford to borrow doesn't mean you should. Why not set your ratios lower? Many things can throw off your ability to pay your monthly mortgage bill down the road — a job loss, one spouse giving up a job to take care of children, an unexpected medical expense, tuition bills for you or your child.
Potential solutions: To lower your housing costs, consider downsizing to a smaller home (or apartment) in the same area, researching and moving to a less expensive town or state, or renting out a portion of your current home. In addition, watch interest rates and refinance when the numbers make sense.
Paying too much for college
Outstanding student debt levels in the United States are off the charts, and it's not just students who are borrowing. Approximately 15 million student loan borrowers are age 40 and older, and this demographic accounts for almost 40% of all student loan debt.2
Potential solutions: If you have a child in college now, ask the financial aid office about the availability of college-sponsored scholarships for current students, or consider having your child transfer to a less expensive school. If you have a child who is about to go to college, run the net price calculator that's available on every college's website to get an estimate of what your out-of-pocket costs will be at that school. Look at state universities or community colleges, which tend to be the most affordable. For any school, understand exactly how much you and/or your child will need to borrow — and what the monthly loan payment will be after graduation — before signing any loan documents.
Paying too much for your car
Automobile prices have grown rapidly in the last decade, and most drivers borrow to pay for their cars, with seven-year loans becoming more common.3 As a result, a growing number of buyers won't pay off their auto loans before they trade in their cars for a new one, creating a cycle of debt.
Potential solutions: Consider buying a used car instead of a new one, be proactive with maintenance and tuneups, and try to use public transportation when possible to prolong the life of your car. As with your home, watch interest rates and refinance when the numbers make sense.
Keeping up with the Joneses
It's easy to want what your friends, colleagues, or neighbors have — nice cars, trips, home amenities, memberships — and spend money (and possibly go into debt) to get them. That's a mistake. Live within your means, not someone else's.
Potential solutions: Aim to save at least 10% of your current income for retirement and try to set aside a few thousand dollars for an emergency fund (three to six months' worth of monthly expenses is a common guideline). If you can't do that, cut back on discretionary items, look for ways to lower your fixed costs, or explore ways to increase your current income.
Heath Slain, Financial Advisor*, can help you plan for the future.  Schedule an appointment to discuss your 2020 financial plans by calling 765.662.3700.
1Bankrate's Financial Security Index, May 2019
2Federal Reserve Bank of New York, Student Loan Data and Demographics, September 2018
3The Wall Street Journal, The Seven-Year Auto Loan: America's Middle Class Can't Afford Their Cars, October 1, 2019
*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.

ViaCU Staff Celebrating Anniversaries
Click to Enlarge
Celebrating Via Credit Union Anniversaries from July to December 2019.
NCUA, ESI, Equal Housing Opportunity
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