Oct. 18-24 is National Save for Retirement Week

National Save for Retirement Week 
Are you on target to reach your retirement goals? 

Provided by Dennis Archer

​October 18-24 is National Save for Retirement Week – a reminder of the importance of saving and investing with the goal of a comfortable future.

Are Americans saving enough for tomorrow? All kinds of articles will tell you that Americans are not. Those articles may not be telling the entire story, however.

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Notice of Hawkins Ash CPAs confirmation letters

Superior Choice Credit Union's board of directors has engaged Hawkins Ash CPAs for an opinion audit. This requires annual confirmation letters be sent to a random selection of SCCU members. If you receive a letter please confirm requested information and return to Hawkins Ash CPAs per the letter's instructions.

Thank you for your cooperation.

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SCCU is closed for Columbus Day

closed for columbus day banner

All six Superior Choice Credit Union branches, along with administrative offices and call center support, will be closed on Monday, October 10, 2016 in observance of Columbus Day (bank holiday). SCCU will resume normal operations and hours on Tuesday, October 11, 2016. Click for a listing of our branch locations and hours.

For after-hours contact information to report a lost/stolen debit or credit card, please click here for information.

Thank you for your understanding.

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SCCU October 12 blood drive information

sccu red cross logoSuperior Choice Credit Union is teaming up with the University of Wisconsin-Superior International Students Club to host a Red Cross Blood Drive on Wednesday, October 12 from 12 to 6 p.m. in the Yellowjacket Union on the UW-Superior campus.

October is Liver Awareness Month and Breast Cancer Awareness Month. The American Red Cross encourages eligible donors to give blood in support of liver and other transplant patients, as well as those fighting cancer. Volunteer donors are the only source of blood for those undergoing transplant surgeries, fighting cancer and facing serious illnesses. Make an appointment to give blood on October 12 from 12 to 5 p.m. at the UW-Superior Yellowjacket Union. Click here to register online or call 1-800-RED CROSS to schedule an appointment. You may also visit our Tower Avenue branch during lobby hours to sign up at the reception desk.

New to donating blood, or have some questions? Click the links below for some helpful tips and resources from the American Red Cross.

Why Donate Blood?

Eligibility Requirements

Donation Process

Tips for a Successful Donation

Donation FAQs

Types of Donations

First Time Donors

Blood Donor Community

Superior Choice Credit Union is happy to have a strong parternship with the local chapter of the American Red Cross. Earlier in 2016, SCCU was awarded the Mary Coultrap Johnson Philanthropy Award our generous financial support of the Red Cross Home Fire Campaign efforts, but also for hosting a successful blood drive in 2015. 

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September is Life Insurance Awareness Month

SCCU RF HorizSeptember is Life Insurance Awareness Month. Our friends at SCCU Retirement & Financial Advisors have gathered some helpful resources for you! If you're new to the topic of life insurance or perhaps have life insurance but might want to brush up on some topics, click the links below to view some helpful printable PDF documents and worksheets!

Four Life Insurance Myths for the Young Family

Life Insurance Needs Worksheet

Understand Your Life Insurance Benefit


Dennis Archer may be reached at (715) 398-8917 or [email protected]
www.superiorchoice.com

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members.

Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

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Saving for retirement and college

Tips on trying to meet two great financial goals at once.

Provided by Dennis Archer

Saving for retirement is a must. Saving for college is certainly a priority. How do you do both at once?

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1427 Hits

Superior Choice Credit Union employee achieves business lending certification by the Credit Union National Association

Following the completion of three consecutive years of rigorous training sessions, Superior Choice Credit Union’s Commercial Credit Analyst, Matthew Warren, recently achieved certification by the Credit Union National Association as a Credit Union Business Lending Professional (CUBLP).

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SCCU featured on Fox 21 News

Superior Choice Credit Union was featured on Fox 21 News yesterday evening. Fox 21 News reporter Chelsea Moe was on hand as we distributed healthy snacks and cases of water to more than 100 City of Duluth and City of Hermantown work crews who have been working to clear the area of storm debris.

Click here to read the story and watch the video!

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Help us Stuff the Bus with United Way!

Join Superior Choice Credit Union as we help the Head of the Lakes United Way with their annual Stuff the Bus school supply drive!

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Spirit Valley Days open house at our Duluth Denfeld branch

Spirit Valley Days open house picture smallWe're so excited to be a part of our first Spirit Valley Days celebration! Well - technically we participated last year, but our Duluth Denfeld branch wasn't quite finished yet. Our sixth and newest branch has been open for nearly one year now, and we can't wait to have you stop by for an open house during Spirit Valley Days!

Stop by our newest branch in Duluth’s Denfeld neighborhood for our Spirit Valley Days open house! Learn more about Superior Choice Credit Union and take advantage of our Spirit Valley Days account special.

DATE: Friday, August 5, 2016
TIME: 10 a.m. to 4 p.m.
ADDRESS: 4125 Grand Avenue, Duluth
SPECIAL: $25 is on us when you open a checking account and set up for direct deposit! See details below.
Special is only available at Duluth Denfeld branch and valid until 8/31/2016. Offer is subject to change or discontinue at any time. Checking account requires an initial $25 deposit to open. Must be a new checking account to Superior Choice Credit Union and be set up for direct deposit in order to be rewards eligible. $50 reward will be deposited up to 30 days after first direct deposit is made. Annual Percentage Yield = 0%. Federally Insured by NCUA. Membership Eligibility Required. 

CLICK HERE FOR A FULL SCHEDULE OF SPIRIT VALLEY DAYS EVENTS!

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Join us Friday, Aug. 19 for a BBQ!

We want to thank our loyal members for choosing Superior Choice Credit Union as their financial partner! We're hosting some summer fun at our Ashland and Shoreline branches.

SCCU's Shoreline branch in Superior will host a Membership Appreciation BBQ on Friday, August 19 from 11:30 a.m. to 1:30 p.m.

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2544 Hits

Join us for our Membership Appreciation BBQs!

We want to thank our loyal members for choosing Superior Choice Credit Union as their financial partner! We're hosting some summer fun at our Ashland and Shoreline branches.

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#FinancialFridays Money habits that may help you become wealthier

Money Habits That May Help You Become Wealthier

Financially speaking, what do some households do right?

Provided by Dennis Archer

Why do some households tread water financially while others make progress? Does it come down to habits?

Sometimes the difference starts there. A household that prioritizes paying itself first may end up in much better financial shape in the long run than other households.

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SCCU is closed July 4

Superior Choice Credit Union will be closed Monday, July 4 in observation of Independence Day. We will resume normal operating hours on Tuesday, July 5.

Online banking is available 24/7. Just click here to log in. For after-hours help, please use the contact information below.

After Hours Contacts

To report a lost or stolen debit card after hours, please contact our processor directly at: 1-800-535-8440

To report a lost or stolen credit card after hours, please contact our processor directly at: 1-800-411-8498

To change the PIN number for your debit card: 1-866-985-2273

You can report any lost or stolen Visa card directly to Visa by calling: 1-800-VISA911

 

Have a safe and fun Fourth of July weekend!

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Celebrate the Fourth of July in our communities!

Looking for some fun ways to celebrate the Fourth of July? There are plenty of great activities happening in and around the Superior Choice Credit Union communities of Superior, Duluth, Hermantown, Ashland, and Mellen. Check out all the fun stuff below!

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Coming soon - updates to our Tower Avenue branch!

Superior Choice Credit Union is excited to announce that this summer improvements will be made to our Tower Avenue branch.

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#FinancialFridays How Millennials Can Get Off to a Good Financial Start

Doing the right things at the right time may leave you wealthier later.

Provided by Dennis Archer

millennials blog banner

What can you do to start building wealth before age 35? You know time is your friend and that the earlier you begin saving and investing for the future, the better your financial prospects may become. So what steps should you take? 


Reduce your debt. You probably have some student loan debt to pay off. According to the Institute for College Access and Success, which tracks college costs, the average education debt owed by a college graduate is now $28,950. Hopefully, yours is not that high and you are paying off whatever education debt remains via an automatic monthly deduction from your checking account. If you are struggling to pay your student loan off, take a look at some of the income-driven repayment plans offered to federal student loan borrowers, and options for refinancing your loan into a lower-rate one (which could potentially save you thousands).1

You cannot build wealth simply by wiping out debt, but freeing yourself of major consumer debts frees you to build wealth like nothing else. The good news is that saving, investing, and reducing your debt are not mutually exclusive. As financially arduous as it may sound, you should strive to do all three at once. If you do, you may be surprised five or ten years from now at the transformation of your personal finances.

Save for retirement. If you are working full-time for a decently-sized employer, chances are a retirement plan is available to you. If you are not automatically enrolled in the plan, go ahead and sign up for it. You can contribute a little of each paycheck. Even if you start by contributing only $50 or $100 per pay period, you will start far ahead of many of your peers.1

Away from the workplace, traditional IRAs offer you the same perks. Roth IRAs and Roth workplace retirement plans are the exceptions – when you “go Roth,” your contributions are not tax-deductible, but you can eventually withdraw the earnings tax-free after age 59½ as long as you abide by IRS rules.1,2

Workplace retirement plans are not panaceas – they can charge administrative fees exceeding 1% and their investment choices can sometimes seem limited. Consumer pressure is driving these administrative fees down, however; in 2015, they were lower than they had been in a decade and they are expected to lessen further.3

Keep an eye on your credit score. Paying off your student loans and getting started saving for retirement are a great start, but what about your immediate future? You’re entitled to three free credit reports per year from TransUnion, Experian, and Equifax. Take advantage of them and watch for unfamiliar charges and other suspicious entries. Be sure to get in touch with the company that issued your credit report if you find anything that shouldn’t be there. Maintaining good credit can mean a great deal to your long-term financial goals, so monitoring your credit reports is a good habit to get into.1

Do not fear Wall Street. We all remember the Great Recession and the wild ride investments took. The stock market plunged, but then it recovered – in fact, the S&P 500 index, the benchmark that is synonymous in investing shorthand for “the market,” gained back all the loss from that plunge in a little over four years. Two years later, it reached new record peaks, and it is only a short distance from those peaks today.4

Equity investments – the kind Wall Street is built on – offer you the potential for double-digit returns in a good year. As interest rates are still near historic lows, many fixed-income investments are yielding very little right now, and cash just sits there. If you want to make your money grow faster than inflation – and you certainly do – then equity investing is the way to go. To avoid it is to risk falling behind and coming up short of retirement money, unless you accumulate it through other means. Some workplace retirement plans even feature investments that will direct a sizable portion of your periodic contribution into equities, then adjust it so that you are investing more conservatively as you age.

Invest regularly; stay invested. When you keep putting money toward your retirement effort and that money is invested, there can often be a snowball effect. In fact, if you invest $5,000 at age 25 and just watch it sit there for 35 years as it grows 6% a year, the math says you will have $38,430 with annual compounding at age 60. In contrast, if you invest $5,000 each year under the same conditions, with annual compounding you are looking at $596,050 at age 60. That is a great argument for saving and investing consistently through the years.5

Dennis Archer may be reached at 715-398-8917 or [email protected]
www.superiorchoice.com

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, CBSI is under contract with the financial institution to make securities available to members.

Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

06072016-WR-1658

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Check out our new, improved Online Bill Pay services

billpay facebook

Superior Choice Credit Union recently underwent a three-day upgrade process to our Online Bill Pay services, available for free for SCCU members. Upgraded features of the new Online Bill Pay services include full integration within online banking, full mobile functionality for your smart phone or tablet, ability to configure email alerts, real-time access to checking account balance, reminders if balance isn’t sufficient to pay bills, and a more intuitive, user-friendly experience.

 

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1785 Hits

How to Do Allowances Right, According to the Experts

One of the best ways to ensure your children grow up financially fit is to give them practice managing money with an allowance.

But what’s the best way to do an allowance? There are many theories on that.

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1770 Hits

Superior Choice Credit Union Receives BRICK Builder Award

brick pictureAshland, WI — May 18, 2016 — The BRICK Ministries’ Board of Directors is pleased to award the May 2016 BRICK Builder Award to Superior Choice Credit Union’s (SCCU) Ashland and Mellen Branches. This rotating award was presented to SCCU to honor them for their significant contributions and dedication to The BRICK’s mission “to live Christ’s message to compassionately love and respect those in need.” Superior Choice Credit Union is a member-owned non-for-profit financial institution. Annually, both the Mellen and Ashland Branches donate a portion of members’ dividends to The BRICK Ministries to help serve the local community through the Food Shelf and Benevolence Programs.

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