savvy accounts for - horizonuntil your checkbook has been balanced, unless you need them for tax...
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SUMMER 2019Enlighten
Our New Quarterly Newslet ter
The goal for this newsletter is to both educate and inform you, our members. This way, we can share what?s happening at the Credit Union and show off some products and promotions, all while providing financial education and knowledge.
Thank you for reading our newsletter. We hope you find it enlightening!
4 - Home Equity | 5 - Digital Wallets | 6 - Spotlight | 7 - Business
2 - Savvy Checking Accounts | 3 - Free Shred Days
horizonfcu.org
Welcome to Enlighten, Horizon Federal Credit Union?s new quarterly newsletter!
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Savvy Accounts for Savvy Shoppers
Our checking accounts are the best in town, by far! See for yourself, and open one online or at a branch!
You?re a savvy shopper, using coupons, price comparisons, and online reviews to save money. At Horizon Federal Credit Union, we believe it?s your money and it should earn interest for you with no monthly or annual maintenance fees attached!
Advantage Checking
Crazy high dividends!
3.5% APY* on balances of $1-$25,000
Bonus CheckingCash back and ATM refunds
2% cash back on debit card purchases (up to $6 cash back
each month)
ATM fee refunds, nationwide, up to
$20 monthly
Rewards Checking
High dividends and ATM refunds
2.5% APY* on balances of $1-$25,000
ATM fee refunds, nationwide, up to
$20 monthly
LEARN MORE
*APY=Annual Percentage Yield
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The What and When of Shredding
Free Shred Days with Shred-it !
You know the importance of shredding junk mail and credit card offers, but anything that has personally identifying information could be used by an identity thief. Take a look at this handy chart to help decide what to shred, and when!
Take advantage of our two shred days in September to shred as many paper products as you want ? at no charge to you! - Saturday, September 14 (Williamsport Branch)
- Saturday, September 28 (Lock Haven Branch)
- 9:00 am ? 1:00 pm
We?ll also be accepting donations for the John Sharp Memorial Scholarship, which is administered by the First Community Foundation Partnership of Pennsylvania! The scholarship awards one scholarship a year to a high school senior going to college from the Montoursville School District.
Item How long to keep
Monthly utility bills Until they?re paid, unless you are deducting part of your home off your state and federal business taxes.
ATM receipts Until you have balanced your checkbook.
Medical bills Until they?re paid, unless you deduct medical expenses from your taxes.
Canceled checks If you still get these, you can shred immediately unless you need to keep for tax purposes.
Credit union statements Until your checkbook has been balanced, unless you need them for tax purposes.
Pay stubs Until you have balanced your W2 at the end of the year. If you?re considering a loan for a major purchase, like a house, keep until the loan is closed.
Monthly/quarterly account statements Until the annual statement arrives.
Credit card statements One year, unless needed for tax purposes.
Credit card receipts One year, unless needed for tax purposes.
Expired credit cards Destroy immediately.
Tax returns and supporting documents
Seven years. You can be audited for no reason up to three years after you file a return. If you omit 25 percent of your gross income, that period extends to six years.
Records of selling a house Seven years (Documentation for Capital Gains Tax).
Records of buying a houseUntil you have sold the home. Any documents related to taxes should be held for seven years.
Records of home improvements
Seven years after filing the tax return that includes the income or loss on the home when it?s sold.
Product warrantiesUntil you no longer own or use the product, or until the warranty expires, whichever comes first.
Retirement plan statements Keep the annual statements as long as you have assets in the plan.
Year-end account statements Until you no longer own the investment.
Loan paperwork Until the loan is paid. If you receive a payoff statement once the loan is paid, keep that indefinitely.
Insurance policies As long as you own the policy.
Marriage license Never destroy.
Birth certificate Never destroy.
Wills Never destroy.
Adoption papers Never destroy.
Death certificates Never destroy.
Records of paid mortgages Never destroy.
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Making Home Improvements?- Evaluate how much of the work you
can realist ically do yourself. For instance, if you?re looking to add a room onto your house, perhaps you can paint the walls when it?s complete.
- Set priorit ies. You may need to rethink the scale of your project to fit your budget, and you may find that simple changes can alter the feel of a room without overhauling the entire space.
- Consider less cost ly alternat ives to project details ? such as stock cabinets instead of custom ones.
- Plan everything ahead of t ime to avoid making changes once the contractor has started working.
- Get a handful of quotes from different cont ractors. Rates can vary widely due to a number of factors.
- Try to schedule your project for an ?off? t ime of year. For instance, schedule your central air installation in winter, not summer.
- Shop for materials that are on sale. Building supply stores often mark down items due to overstocks or other factors.
Here?s Some Tips to Save Some Cash!
And if you need a little extra cash, our low-rate Home Equity Loan and Home Equity Line of Credit are great options to help you save on interest and check off your to-do list. Easily apply online, over the phone, or give us a visit!
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NEW Digital Wallet s You?ve asked for it, and it?s finally here! Now you can add your Horizon debit card to your digital wallet to keep your information secure while you make payments quickly and easily. We support Samsung® Pay, Google Pay? , Apple Pay®, Garmin Pay? , FitBit Pay? and Visa® Checkout!
If you don?t have a debit card or checking account with Horizon yet, contact us today!
Benefit s of a Debit Card vs. Cash or Check Convenience. Debit card payments allow you to complete transactions without having to fumble for cash, dig around in your purse or pockets for exact change, or go to an ATM.
Security. Some consumers might think that debit card payments are less secure, but cash or checkbooks are easily lost or stolen. Plus, you are not held liable for unauthorized purchases made if your card is stolen.
Dual access. Can be used as both an ATM card and debit card, and transactions are automatically updated and recorded in your account history.
No bulk. Easy to carry in your wallet or purse without the extra bulk.
No checks. Save time and the cost of purchasing checks every year by using your debit card.
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New Promotions Megan ? Now provides lending services to members as a Financial Service Professional in Lock Haven. Congratulations, Megan, and thank you for your exceptional member service and willingness to learn new skills!
New Hires Shawna ? Member Service Representative at Lock Haven
Greta ? Member Service Representative at Lock Haven
Michael ? Chief Branding Officer
Hannah ? Member Service Representative at Williamsport
Denise ? Accounting Professional
Catherine ? Member Service Representative at Williamsport
Naazia ? Account Solutions Representative
Spot light Terri Musheno ? Mortgage Specialist Terri Musheno is your personal Mortgage Specialist here at Horizon! She has years of experience in banking and has worked with us for the past three years. She?s here to help you with any of your mortgage needs ? she?ll walk you through the process and work with you to make sure you?re happy with your mortgage.
NMLS# 754052P: 570-560-7178 - F: [email protected]
Your Feedback Is Important to Us Our annual member survey is coming up, starting mid-September through mid-October, meaning you can expect an email or a phone call from us around then. Your feedback helps shape the direction of the credit union and lets us know where we can improve. We look forward to hearing what you think!
Shawna | Greta | Megan
Denise | Michael | Naazia Catherine | Hannah
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Buy or Lease?Equip Your Business for Success!
Cash Flow If your business is just getting off the ground, you may not have the money available to purchase expensive equipment up front. In this case, leasing may be the way to get the equipment you need while leaving cash available for other necessities.
Technological Advancements Office equipment can quickly become outdated or obsolete. Some lease packages include equipment upgrade clauses, which allow you to replace outdated equipment during the term of the lease.
Maintenance Most lease agreements include a service contract that provides routine maintenance and repairs, but be sure to ask your vendor who is responsible. If you buy your equipment, you are responsible for service and repair costs.
Tax Benefits Both buying and leasing offer tax benefits. You may be able to deduct your lease payments. Alternatively, you can deduct a portion of the price based on the purchased equipment?s depreciation. Consult your tax advisor to decide the best option for you.
Get Support At Horizon Federal Credit Union, we have solutions for all your business and non-profit needs. From business checking and savings accounts to lending and business management services ? we?ve got you covered.
Whether you decide to buy or lease, you need extra guidance, or your business just needs a little support, we can help! Give us a call at 570-326-3636 or visit us online at horizonfcu.org.
Whether it makes more sense to buy or to lease the equipment your business requires depends on your goals and the unique needs of your business.
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Williamsport Branch 1007 East Third StreetWilliamsport, PA 17701
Lock Haven Branch217 West Bald Eagle StreetLock Haven, PA 17745
horizonfcu.org 570-326-3636
Important DatesMonday, September 2 ? Labor Day (closed)
Saturday, September 14 ? Shred Day (Williamsport Branch) Saturday, September 28 ? Shred Day (Lock Haven Branch)
Monday, October 14 ? Columbus Day (closed) Monday, November 11 ? Veterans Day (closed)
Thursday, November 28 ? Thanksgiving Day (closed)