CommunityA newsletter

for WCCU Members

WCCU NMLS ID#: 518892

Westerly ~ RichmondSouth Kingstown

www.westerlyccu.com 401.596.7000

This Credit Union is federally insured by

NCUA.

article cont. on page 2

Should I Keep My Savings & Checking Together?

Debit promo or credit cards!

Hello my name is:

PennyWCCU Financial Advisor

Simplicity is just the first intangible benefit, as it is easier to have a complete view of your financial picture when your accounts are at one place (hint-WCCU!). Here are (5) more ways you can benefit by consoli-dating your accounts to one institution.

Overdraft-protection linking If you make a mistake and overspend with your checking account, having a linked savings account can trigger an automatic deposit into your checking. That can help avoid pricey overdraft fees. Lines of credit can be used as overdraft protection, but you would have to qualify for a line based on your credit history. Linking your savings account to checking would make applying for credit unnecessary.

Saving will become a consistent practiceHaving multiple accounts in one place can help you est-ablish good financial habits. By easily allowing regular automatic transfers from your checking account into savings, you can build an emergency fund with little effort. You can also set up automatic transfers between accounts at different banks, but the hassle of man-aging multiple online logins may make it harder to set up.

Relationship PricingAnother good reason for com-bining your accounts is relation-ship pricing on other products. Having your loan & deposit accounts at one institution could

Do you have your checking & savings accounts at different financial institutions? It may be time to consolidate those deposit accounts & take advantage of the benefits having one financial institution can offer.

result in better rates. Financial institut-ions are more willing to offer relationship pricing if you show that their institution is where you handle all of your finances.

Closer relationship with your Financial Services RepBy creating a more complete relationship with one financial institution, you may get to know a branch manager or financial services rep more closely. It’s easier for a financial

Consolidate Your

Credit Card Debt!

Simply open any WCCU

Credit Card & then transfer your other credit card balances

for FREE!!!

Apply Online 24/7

or visit any of our branches!

Winner will receive a $250 VISA Gift Card from WCCU & (4) Hi-Speed Ferry Tickets from Block Island

Hi-Speed Ferry Pt Judith to Old Harbor, BI!

WIN a Trip to Block Island!

You Could

*For official rules/details, please visit our website, www.westerlyccu.com or any of our branches.

How do I enter? Simply use your WCCU Debit MasterCard between

July 1, 2013 & Aug 31, 2013 like a credit card and every signature-based purchase is automatically entered for a chance to win*.

How do I use my Debit Mastercard as a credit card? Simply push ‘credit’ when asked payment type,

then when asked ‘PIN or press Enter’- press ‘Enter’. You’ll then be asked to sign for the transaction- it’s easy!

NewsCommunity

July 2013 issue

Helping our Members Achieve Financial Success!

years at WCCU!

Congratulations Dianeon your dedication to WCCU &

always working hard to Help our Members Achieve

Financial Success!

Congratulations to Diane Goulet, who is celebrating her 35th Anniversary working at WCCU!

Diane started her illustrious career at WCCU as a Loan Receptionist, then moved on to become Loan Services Rep-resentative and now, Loan Services Manager.

‘Working here has given me everything I have needed professionally and it has been alot of fun. I’ve learned alot while I’ve worked here. Not only about good work ethics, but also about how to work with alot of different people,’ says Diane. ‘I’m proud to say I work at the Credit Union, proud of how respected the name is in the community, proud of what we stand for.’

Diane shows her commitment to the community through her involvement coordi- nating the Credit Union Employee participation with United Way.

35

Sign up today! Under eDocuments within Online Banking

Top ten reasons to sign up for eStatements

1. One less piece of mail in your mailbox

2. More Secure3. It’s Free!

1 0 . n o c h a n c e o f a p a p e r c u t w h e n o p e n i n g

8. Saves $-

6. Access past statements quickly with a click

5. no need to file

9. declutter your life

7. print check images when you need them

4. receive it quicker than snail mailWCCU- Odds & Ends

for WCCU & its’ owners-

aka YOU!

Happy Anniversary!

Join us on July 24 from 5-7, as we host a Southern RI Chamber ‘Business After Hours’

at our South County Commons branch.

services rep to offer more personalized service if they have a consolidated view of your accounts.

Make things easier for your heirsMany financial institutions offer combined statements each month that reflect the different accounts held at the institution, and this can save a lot of time and paper. It’s not just you who benefits, but eventually your heirs will find it helpful- with all your accounts in one place, they won’t need to go to multiple financial institutions to settle the estate. This saves your family time and effort.

No matter what your stage is in life, personal financial management means knowing

how much money you have and where it’s going. Consolidating your accounts at one financial institution, WCCU will help you do just that.

Contact us today to get started!Adapted from ‘Keep Savings, Checking Accounts at 1 Bank’ by Margarette Burnette, 6.13.13, Bankrate.com

WCCU Awards $8000 in Scholarships!

•$2500 Joseph N. Cugini Scholarship: was awarded to Michaela Pagliarini

of Chariho High School; •$2500 Robert Bewlay Scholarship:

was awarded to Carmen Wu of Westerly High School;

•$2500 Vocational Scholarship: was awarded to Shu Hua Lin

of Westerly High School; •$500 Credit Union Assoc. of RI Schol-arship: (sponsored by WCCU) was awarded

to Erika Fiore of Westerly High School.

Congrats & Good luck at College!

WCCU to host Business After Hours in South County Commons!