Brokaw Credit Union’s 66th Annual Meeting
Brokaw Credit Union’s Board of Directors and staff invite you to our 66th Annual Meeting.
Date: Tuesday, March 13, 2018
Time: 6:00 p.m. meeting, Dinner to follow
Location: Great Dane, 2305 Sherman St., Wausau
Cost: $10 for adults; $6 for children
We are looking forward to another night of fellowship and fun at our Annual Meeting! Returning to the Great Dane, where we’ll start the evening with Board and staff presentations and the election of board members. Then mingle with your fellow members and enjoy a delicious, buffet dinner of prime rib and roasted chicken. You know something fun always follows dinner, so get your reservation in no later than March 6 by calling Sheng at 715-359-7012. Please note: a host stand at the door will show elevator access, and the lower level parking area has direct access to the banquet room foyer.
Board Members Needed
Being a Board member is an excellent opportunity to be closely involved in helping to steer the overall growth and progress of your credit union. We are looking to fill two board positions with each asked to attend and participate in monthly meetings. To be considered, candidates must be at least 18 years of age, have been a BCU member for at least 90 days, be a member in good standing, and be committed to the success of Brokaw Credit Union. If you would like to have your name submitted to our Nominations Committee or if you would like to know more about the Board member position and responsibilities, please call Mary Zillman, BCU President, at 715-359-7012. We look forward to hearing from you.
High School Seniors: Apply for BCU’s $500 Scholarship!
It’s scholarship season, and once again, Brokaw Credit Union will be pleased to award a $500 scholarship to a deserving student. To be eligible, applicants must be a credit union member in good standing for at least 6 months, and will be chosen based on financial need, current GPA, career plans and an essay.
Applications, rules and requirements are available here and at Brokaw Credit Union branches.
Completed applications must be submitted by Thursday, March 8, 2018.
Basic Steps to Financial Fitness
Your finances and the decisions you make about them change over time and are different from your friends' or your parents'. Still, some broad guidelines may help you get a handle on your financial plans.
* For mortgages, lenders expect your payments to be no more than 28% of your monthly gross income (income before taxes, Social Security, and other deductions). Another method says that your PITI (principal, interest, property taxes and insurance) plus your total long-term debt (car payments, college loans, installment payments) should not exceed 36% of your gross income.
* How much should you be saving? Financial experts suggest three to six months' take-home pay in a savings account. That can take time to build up, and you may need to raid your account even while you're adding to it. Still, if you consistently put aside 5% of your take-home pay, using payroll deduction, you'll reach your goal.
* For long-term retirement savings, at minimum put a percentage into your 401(k) that equals what your employer will match. Anything less and you're actually giving up free money. Ideally, contribute the maximum your employer allows into your 401(k). Can't swing that much while you're saving for your child's future education expenses? Keep this in mind: You can borrow to meet higher education expenses, but you can't borrow for retirement expenses.
Talk to the professionals at your credit union to learn about all the services available to help you meet your goals.
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2006 Schofield Ave