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.
MId Oregon Credit Union Expansion
This year, we are excited about our MId Oregon Credit Union expansion all around Central Oregon.
La Pine Branch Is Open!
We are happy to report your new Mid Oregon Credit Union branch in La Pine is open and doing business! An open house on June 4 was attended by nearly 800 people! We really appreciate and are excited by such a great welcome from the community.
We are seeing a great number of new accounts being opened and keeping our staff very busy from day one. If you are traveling through La Pine, stop by and see the new facility, we are very proud of how it turned out and the great team we have in La Pine.
Administration Building in Bend
On July 5, we started moving into our new administration building on 18th and Empire. The building allows us to continue to grow our contact center, commercial lending, compliance and administration. We are completing renovations to our East Bend upstairs and the new admin building to provide the most efficient member service possible.
Moving entire departments can be a challenge, and we are working diligently to make the process seamless, minimizing disruptions in service to members.
Signed Sisters Lease
In June, we signed a lease for office space in Sisters. We have started the hiring process and renovations to have a convenient new location for our all our members in Sisters, Black Butte and Camp Sherman. We are looking forward to a grand opening early this fall. Stay tuned!
Thank you for being a part of your credit union.
Consumers Confident In Financial Life?
Consumers Confident In Longer Physical Life, But Financial Life? Not So Much
07/14/2016 CU today
Americans are happier to be living longer than ever, but 70% feel financially unprepared to live to 100 or beyond, according to a new study. The confidence in financial life is lacking for many.
Money Fears Stopping Many From Pursuing Goals
The Allianz Life study, called The Gift of Time, surveyed 3,000 U.S. adults between the ages of 20 and 70 and discovered respondents believed a longer life would give them the opportunity to reach their dreams and feel more fulfilled. However, money fears and lack of planning are stopping many from taking risks and pursuing these goals, noted Bill Hardekopf, CEO of LowCards.com, Birmingham, Ala.
“While Millennials and Gen Xers have the most time to follow their dreams, a great majority (79% of Gen Xers and 74% of Millennials) feel unprepared for a longer life,” said Hardekopf. “Fifty-seven percent of Baby Boomers also feel financially unprepared.”
When considering the future, 45% of the respondents said they felt “uncertain” about living a longer life, and more than half (51%) feared that not “having enough money to last my whole life” filled them with the most apprehension.
Know They Need Better Spending & Savings Plan
“But most respondents said they knew solutions existed to help them live to 100 happily. Over half (51%) said they knew they needed a better spending and savings plan, while 37% acknowledged they may need to work longer and retire later,” noted Hardekopf.
A possible solution may be to hire help. The study found people feel happier and more comfortable when they work with financial professionals. Seventy-nine percent reported feeling better about major life choices when they worked with someone, while only 64% of those who made the decision on their own felt good about it.
“Unfortunately, the majority of Americans (72%) do not work with financial professionals,” said Hardekopf. Consumer are not confident in financial life knowledge or actions.
Other Findings
Other key findings include:
- To further understand consumer attitudes about living happier lives, respondents were asked to finish this sentence: “Following your dreams is all well and good, but you need to have…” Fifty-seven percent said the top barrier would be having “enough money” and 50% cited “a good financial plan” as the top barriers.
- Respondents were also asked about regrets—52% said they had wished they had saved more money, while 38% wished they had traveled. Thirty-two percent said they regretted not spending more time with their children.
Read Original Article at CU Today*
*About CU Today: CUToday.info is designed to be the planet’s leading source of news and resources for credit union decision-makers. Created by the most veteran team of credit union reporters and editors, CUToday.info’s singular goal is to help credit unions to grow and better serve their member-owners.
Mid Oregon Credit Union wants all of our members to be confident in their financial lives. We would love to hear from you and find out how we can help.
Save To Win at Mid Oregon!
Get a Chance to Win Every Time You Save!
Come on, admit it—it’s fun to buy lottery tickets. You never know if today might be your lucky day, and even if your number doesn’t come up, it’s fun to daydream about what you’d do with the extra cash.
Wouldn’t it be even better if every time you bought a lottery ticket, someone put that money into a special account so you’d have it for a rainy day? That’s the idea behind the Save to Win account, now available at Mid Oregon Credit Union. Every time you deposit $25 into your Save to Win account, you’re entered into a special quarterly drawing for a chance to win up to $5,000. You can enter up to 10 times per month, increasing your odds of winning with every deposit! What’s more, you’re also entered to win several quarterly $1,000 and $250 prizes, as well as a bunch of monthly $25 prizes. Lots of opportunities to win month after month!
A Fun Way to Start Saving
We all know we need to save more. Sometimes, it’s just difficult to prioritize tomorrow’s needs over today’s wants. With Save to Win, creating a regular savings habit can be a little more fun—who knows if your next deposit will be the one that wins a prize?
All you have to do is stop by your Mid Oregon branch or give us a call to set up your Save to Win account. We’ll even show you how you can set up automated deposits so you’re always entered into the drawing—you can enter every week, every payday, or anytime you’d like to sock away a little extra cash. Your savings will grow faster than you ever thought possible, giving your family greater financial security down the road. Talk about hitting the jackpot!
Play a game where you’re always a winner—Open your Save to Win account today!