The Bottom Line
Small business is important to Central Oregon, and to Mid Oregon. Find tips and resources for business, and information about Mid Oregon’s commercial services and business members.
Teens Learn to Manage Money With a Debit Card
Like many parents, you probably opened a savings account for your child when he or she was a baby. If you’ve already been teaching smart money management skills and your son or daughter has shown financial responsibility, a debit card/checking account from Mid Oregon Credit Union can be a great next step now that your child is a teen., and they can learn to manage money with a debit card.
Starting Small to Demonstrate Responsibility
As kids hit middle-school age they start spending more time with friends and you’re not always around when they’re using money. Some of these times when the stakes aren’t so high could be good opportunities for them to demonstrate responsibility and use a debit card. Movies or lunches out can be good activities to start with for kids to pay with an alternative to cash.
Though most teens, like most people, no longer write many checks, when the opportunity arises for your teen to write one, jump on it. For example, perhaps your teen pays part of the cell phone bill each month. Have your teen write a check to you for his or her part of the payment. It would be easier just to transfer money from your teen’s account to yours, but getting practice writing a check once in a while can be beneficial for your teen.
Monitoring Their Balance
Explain to your teen the importance of keeping track of the balance in his or her account either by writing each transaction in a check register or by closely monitoring accounts online, frequently. Also remind your kid that online balances might not portray the actual balance in the account if transactions haven’t posted or if checks haven’t been cashed.
Today’s Tools Make It Easy
With today’s mobile banking tools, your teen (and you!) can be up to speed on account balances, transactions and mobile alerts. With our Simply Free Checking, your teen doesn’t need a minimum balance or to pay a monthly maintenance fee, so it’s easy and cost-effective. And with Mobile Deposit, that check from the neighbor for mowing the lawn or walking their dog can be deposited from home.
Our Mid Oregon tool of CardNavSM by CO-OP gives real-time security and control over Mid Oregon debit cards through smartphones or tablets! It can use GPS to restrict transactions to businesses within a designated area. You can limit debit card use to specific merchant or purchase types. You can receive near real-time, in-app transaction alerts. and receive alerts when you’re getting close to any personal spending limits set. Visit MidOregon.com for information on downloading this free app.
The professionals at Mid Oregon are eager to help your teen take this next step financially. Stop by one of our seven convenient Central Oregon branches and we’ll show your teen just how awesome it is to go through life with your credit union by your side.
Foster Lake RV Resort
In August of 2016 Mid Oregon Credit Union members Howard and Gari Lynn Tocher purchased Foster Lake RV Resort on Foster Lake near Sweet Home, Oregon. Foster Lake is a reservoir created by the Foster Dam on the South Santiam River off of highway 20, about 93 miles west of Bend. Foster Lake offers visitors a variety of recreation opportunities such as swimming, boating, fishing, camping, hiking and picnicking. See the website for Travel Oregon.
The Tochers have been members of Mid Oregon since 2012. Long-time Crook County residents, they worked in Construction and Real Estate for many years before deciding their dream was to own and run the popular Linn County resort.
About the RV Park
The resort features Full Hook Up RV sites which are equipped with either a 30 or 50amp service. Their partial hook up sites provide power and water but no direct sewer outlet. In addition they have a few cabins, a club house with a new fitness room, a kids play area, a convenience store, business center and onsite pool in the summer. A 2017 “RV Parks Review” provides a good picture of the park’s transition to a great place to stay:
“I came to this park in June of 2016. After six weeks I was ready to find a new location. The former owners were terrible. I stuck around to see what the new owners had to bring to the table. I am so pleased with my decision to stay. The new owners brought the internet service up to date. The facility is very clean and well kept. Nice to see people who care about their park, and working every day to make it even better. I have decided to stay here where I feel safe and I don’t worry about my surroundings. Great job. Looking forward in 2017 with a great location.”
How Mid Oregon helped Foster Lake RV Resort
We were fortunate to connect with Gari Lynn Tocher of Foster Lake RV Park recently before the beginning of the busy summer season:
How did Mid Oregon Commercial solutions help your business?
Mid Oregon Credit Union was great to work with and truly a partner in helping my husband and I to secure the purchase of our much desired RV park.
What did you like best about working with Mid Oregon?
They made the transition smooth and uncomplicated. Mike Testerman, our loan officer was helpful, supportive and gave us clear direction through the entire lending process.
What would you recommend to other business owners about having Mid Oregon as a commercial services provider?
We are consistently recommending Mid Oregon Credit Union to family and friends in their pursuit of residential, or commercial lending needs. For commercial purposes, Mid Oregon Credit Union is has a straight forward, and professional approach to helping small business owners position themselves for success.
More About Foster Lake Resort
Foster Lake RV Resort
6191 Highway 20 East
Foster, OR 97345
541-367-5629
6191 Highway 20 East
Foster, OR 97345
flrvresort@gmail.com
Take the Secure Identity Challenge!
Take the Secure Identity Challenge!-Stickley on Security
* To read this article, first in the “More Education Options” dropdown menu that appears select “Test Your Security Knowledge”.
Then, close the current article by clicking on the black “x”. Choose the quiz above in the left side “Quiz Yourself” list.
For more information, and to learn about Stickley on Security, visit https://www.midoregon.com/education/security.shtml.