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.
A Very Fast Start In 2017!
By Bill Anderson, Mid Oregon President/CEO
Our Newest Branch- in Sisters
Mid Oregon is off to a very good start in 2017. In March we opened our newest branch in Sisters! New members are joining and we are hearing positive feedback from existing members who have been waiting patiently for the branch to open. Our team; Marc Madron, Christina Schulz and Madison Gibney are very happy to serve you and are looking forward to lots of referrals and new business.
Our first quarter financial results were impressive. We are ahead of our goals for lending, membership growth and income. All very strong for the first three months of the year and putting us on pace for a solid performance in 2017.
New Checking & Referral Programs
Part of our first quarter success and strong growth can be contributed to our new checking programs and referrals from our members. Thank you for sharing your credit union with your friends and family! Please keep letting people know about our great checking accounts.
Biggest Free Shred Day Ever!
Additionally, we had a very successful Free Shred day on April 15th, which we thank our key partner Bend Garbage and Recycling for providing the service to our communities in Bend, Redmond, Prineville and Madras. The total amount of paper recycled was almost eight tons and we were able to raise over $3,000 in contributions for Healthy Beginnings Adopt-A-Bear from our members who participated in the event. Thank you!
For the remaining 2017 year, we will continue to focus on you by looking for opportunities to provide great service and convenience and a trusted and secure source of financial products
and information.
Thank you for being a member of Mid Oregon Credit Union!
Meet Lauren Olson, at Cascade Insurance Center
Recently Lauren Olson became the “go-to” person at Cascade Insurance Center for Mid Oregon members. For several years, locally-owned Cascade Insurance Center has been our Strategic Partner in serving much of our members’ insurance needs.
Cascade Insurance Center
From Cascade’s Bend Office at 1201 NW Wall St., Suite 100, they help Central Oregonians protect themselves with Auto, Homeowners, Business, Workers Compensation and Life Insurance. Being a broker, Cascade offers its customers the choice of several insurance carriers to find the best value, including Pacificsource, Safeco, Travelers, moda Health, AFLAC, and more.
Mid Oregon is happy to be working with Lauren, who, like John Gould who preceded her as our Cascade representative, has strong Central Oregon roots. Lauren is a 2000 graduate of Mt View High School in Bend and Point Loma Nazarene University in San Diego with a bachelors degree in International Development and Business. She returns to Bend after 12 years and brings her husband Bo and children Adilyn and Harrison with her.
Meet Lauren, Home and Auto Expert
We thought you would like to get to know Lauren better, so we asked her some questions about herself and her approach to working with us and our members.
Do you have pets? One crazy Australian Shepard!
Any kids? A three year old boy and a one year old girl. Yes, my hands are full!
Favorite restaurant? Drake, it holds special meaning to me
What insurance advice do you have for our members? Bundle! The more policies you have with one insurance company, the more discounts they will give you. And get an agent, we are helpers that cost nothing and can find you the best rate and policy. There is no reason not to use one.
What is your favorite part of being a Mid Oregon Credit Union Strategic Partner? Seeing how Mid Oregon Credit Union staff care about their members and the satisfaction they get from helping them. They are truly committed to the members’ well-being and I am proud to be part of an organization with those values.
We think Lauren is a great fit and exemplifies Mid Oregon’s motto of “Good Friends, Great Service”. We hope you agree!
To reach Lauren to learn more about how Cascade Insurance Center can help you improve your financial well being, call Lauren at (541) 382-7772, email to Lauren or visit cascadeinsure.com.
Teens- Save for More
Save for More Than New Shoes
You’ve already decided that you’re not going to repeat last summer’s spending fiasco. Remember that sick feeling you had when September rolled around and you had nothing to show for your hard work…except a new pair of shoes and a few apps. So teens- save for more: what’s a good way to start growing the cash you earn?
For starters, it’s smart to open a checking and savings account at Mid Oregon Credit Union. If you are under 18 years old, you would need an adult joint account owner, but it would still be your account.
Save for Now..and Later!
Next, create a savings plan. For example, set aside 50% of your earning for a long-term investment like college or a car. Set aside 30% to 40% for a big-ticket item you’ve had your eye on, like a tablet or a video game console, and finally keep 10% to 20% for immediate expenses like movies and eating out.
We also recommend that you start with the practice of giving from your income. The amount or percent is up to you, but contributing financially to worthwhile causes you support is a great way to “practice what you preach”. People helping people is a cornerstone of the credit union movement, and you can be part of that as well.
The Power of Compound Interest
Another long-term savings option is to open a Roth IRA (individual retirement account). “What?” you say, “I’m too young to think about retirement!” But hold up. By investing while you’re young and letting the earnings compound (earning interest on the interest), you’ll be amazed at how it grows.
Mid Oregon Credit Union has a convenient “Savings Calculator” on our website, which will help you to determine the future value of a periodic investment in your savings or deposit account. Click here to access the calculator.
For example, depositing $100 each month in a share (savings) account earning 5% dividends (the credit union term for ‘interest’), will have a future value of over $150,000 if continued for a period of 40 years!
With goals and planning, you’ll have something big to show for your efforts this fall—and far into the future.
We can help you with all of your financial goals. Stop by one of our seven Central Oregon branches, or Mid Oregon today at (541) 382-1795.