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.
How to Talk With Your Grandkids About Money
Unless you talk with your grandkids about money, how are you going to positively influence them? You might be wondering how to talk with your grandkids about money. Here are some ways to start the conversation–and it’s not about writing them a check:
Share About the Past
• Tell stories from your own life. It can be as simple as explaining how you saved for your first car or how you managed when money was tight.
• Talk about how prices have changed. Historical context can be interesting to kids, particularly when it involves how inexpensive common goods or brand names they’re familiar with used to be.
• Bring up savings when you give gifts. Christmas and birthdays can be a good time to encourage your grandkids to save with a money gift.
Put Them To Work
• Hire your grands. Create opportunities for them to listen and share in money conversations by offering to pay them an hourly wage to do chores around the house.
• Listen. If your grandkids are worried about their financial future, they may need an accommodating ear.
Engage in Money Conversations
Talking about money can be more important than handing it over. Engage your grandchildren in money conversations that help them see how you got where you are today. If you have resources to help out, that’s just a bonus.
Share the credit union difference with your loved ones. Tell them about the advantages of membership at Mid Oregon Credit Union and encourage them to contact us. Mid Oregon has savings tools to help them save, and checking accounts to help them manage money.
Put Savings on Automatic
If you think saving money is too difficult, and even have justifications to back you up, fuhgeddaboudit. We have the solutions to your saving hang-ups. The best way to start is to put savings on automatic.
Common “Reasons” We Can’t Save
I don’t have the money.
That’s the standard cry from those who wait to save what’s left over. It never happens. Instead, “pay yourself first.” Use Mid Oregon Credit Union direct deposit and we’ll automatically divert the amount you say, for as long as you say, to your share savings or Savers’ Club account. We also have a relatively new savings tool called “Save to Win“. You can not only build up savings but give yourself a chance to win cash prizes, too.
For what little I can put aside, it doesn’t pay.
Consistent, regular savings are the only kind that add up. If you only can start with $10 a paycheck, do that now. When you see how that works, you’ll find yourself raising the ante to $25, $50, or more over time. And yes, that pays.
Payday and bill paying is too hectic to think about saving, too.
Whoa, that’s a lot like excuse No. 1. The solution here: Use direct deposit at Mid Oregon Credit Union and your paycheck starts working–earning dividends (interest)–right away, instead of waiting until you get around to making a deposit. That saves you time and, over time, the head start saves money, too.
But I’m paying too much on bills to save money.
Well, maybe we can help you there, too. Call or email one of our loan officers at Mid Oregon and we can discuss loan consolidation options. Sometimes we can reduce your interest rate, and that can reduce how much you owe and how long you’ll be paying off the loan. And that, too, can pay off in savings.
The bottom line: The professionals at Mid Oregon Credit Union have the services and skills to help you automate your savings. Call today- (541) 382-1795.
Mid Oregon Receives National Award
Mid Oregon Receives National Award
The Credit Union National Association (CUNA) National Awards Committee recently selected the recipients of the 2014 Dora Maxwell Social Responsibility Community Service Award. The awards were selected among the winning entries at a regional level. Mid Oregon Credit Union received the Dora Maxwell Social Responsibility Community Service honorable mention for their Pay it Forward initiative. Mid Oregon executives and directors were in attendance to receive the award at the 2015 CUNA Governmental Affairs Conference in Washington DC this month.
Who Was Dora Maxwell?
Dora Maxwell was an original signer of CUNA’s constitution and a tireless organizer of hundreds of credit unions throughout the United States. She also developed volunteer organizer clubs and worked diligently with organizations on behalf of the poor. The Maxwell Awards are presented to credit unions for outstanding social responsibility projects in their communities.
Pay It Forward
Pay it Forward supports local people and projects that deserve recognition for doing good things in the community. Mid Oregon partners with CoEnergy Propane and News Channel 21 to give honorees $500 and press coverage for their good works.
“We are honored to be recognized by CUNA for our 2014 Dora Maxwell entry, ‘Pay It Forward’,” said Kyle Frick, Mid Oregon’s vice president of marketing. “Our collaboration with the local NBC affiliate, KTVZ News Channel 21, has allowed us to shine a spotlight on great things people are doing in our community and facilitate additional support through awareness of their actions. With the help of our partner sponsors in the media, we are able to amplify a positive message that resonates in our communities, and fuels ideas and actions for even more positive outcomes.”