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.
President’s Message- May 2015
Mid Oregon Credit Union President’s Message- May 2015
By Bill Anderson, President/CEO
Clarity
In order to provide the best service to members, we strive to have clarity of purpose and function throughout the Credit Union. One of the ways we do this is to make sure all staff members are clear about why the credit union exists and how we do things. Here are the major characteristics we need everyone to be clear about.
Why does the Credit Union exist?
In order to help people meet their needs and achieve their dreams, Mid Oregon Credit Union provides financial value and service to current and future members. We believe the Credit Union should be a safe, secure and stable financial institution for our members. We believe in a true and impactful commitment to the community in which members live, work, worship and go to school.
How do we behave?
We are Coachable – Words we use to describe this value: quick learner, willing adaptive, low drama, ask questions, dependable, accountable, honest, and unafraid.
We are People’s People – Words we use to describe this value: team builder, enthusiastic, fun, uninhibited, positive, idealistic, low drama, friendly, approachable, willing, adaptive.
We have an Owner’s Mentality – Words we use to describe this value: accountable, coach, team builder, advocate, supportive, goal oriented, future focused, change focused, innovative, hardworking, analytical/thoughtful, takes ownership, vision, dependable, asks questions, professionalism, calm presence.
What do we do?
We provide financial value and services to current and future members who live, work, worship or go to school in our communities.
How will we succeed?
Personal Relationships, Operational Simplicity and Community Responsibility
What is most important–right now?
Improve Speed to Fulfillment
Who must do what?
The Board of Directors employs the CEO to responsibly operate the Credit Union and be accountable for its performance. The CEO develops and implements operational goals and tactics to achieve the Board’s strategic ends. The CEO employs professionals that provide service to members, product support and fiscal management.
How do we know if we have clarity?
Our goal is that any member of our staff or management has the ability to provide examples of how we utilize these characteristics in the organization, from hiring to coaching, and how they contribute to improving on being Good Friends and providing Great Service to the membership.
Thank you for being a member and allowing us to serve you.
Sincerely,
William R. Anderson
One Class at a Time at RPA
Redmond Proficiency Academy- One Class at a Time
Bob Shaw of KTVZ went to Redmond Proficiency Academy (RPA) this week to present Science Teacher Amy Herauf with a “One Class at a Time” award of $500. Nominated by fellow teacher Judd Wagner, Herauf and her student ‘Green Team” were recognized for the effort to qualify RPA as Central Oregon’s first green school, and the needs they face getting there. KTVZ and Mid Oregon Credit Union were excited to award One Class at a Time at RPA.
Click to view the presentation segment video
One Class at a Time is a joint effort between News Channel 21 and Mid Oregon Credit Union to help fulfill needs of area schools across Central Oregon. The campaign will award $5,000 in 2015 by identifying and funding applications for ten $500 classroom projects in the Central Oregon school districts in Deschutes, Jefferson and Crook Counties.
Visit the KTVZ One Class at a Time webpage for more details and contest rules.
10 Smart Money Moves for Your 20s
10 Smart Money Moves for Your 20s
If you’re in your 20s, you have a financial asset money can’t buy–time. And time makes your money grow. Making some smart money moves in your 20s pays off now and in the future. Here’s a list of 10 Smart Money Moves for Your 20s:
1. Set financial goals, say, to take a vacation, go back to school, get married, buy a house, or start saving for an early retirement. Put your goals in writing, then calculate how much you’ll need to save each month to reach them.
2. Make a spending plan, limit your debt, and concentrate on paying off existing bills. Limit debt to your ability to repay. Monthly credit payments, excluding a mortgage, shouldn’t exceed 20% of your monthly take-home (after-tax) pay.
Establish An Emergency Fund
3. Build an emergency fund equal to three to six months’ living expenses, even if it takes years to build. Use this fund only for true emergencies, such as unexpected car repairs, illness, or unemployment.
4. Save at least 10% of gross income for your emergency fund, future goals, and retirement. If you can’t manage 10%, start with 5% and increase it over time.
5. Take advantage of the services Mid Oregon Credit Union offers. You’ll earn more when you save and pay less when you borrow.
6. Make it a priority to get adequate insurance: health, disability, auto, personal liability, and tenants’ or homeowners’. If someone else depends on your income, you also need life insurance.
Save & Invest
7. Once you’ve implemented your spending plan, built your emergency fund, and obtained appropriate insurance, make the most of your money by starting to invest. The key to making the most of your money is investing small amounts gradually and sensibly over time.
8. Use tax-advantaged savings plans your employer or the government offers to save money for your retirement, such as company 401(k) retirement savings plans and individual retirement accounts at Mid Oregon Credit Union.
9. Keep job options open by keeping your job skills fresh. Get necessary training and education so your knowledge and skills stay up to date.
10. Maintain orderly financial files to keep track of your money and put your hands on important records when you need them.