Online bill pay upgrades are coming! Are you ready?

In an effort to continually serve our members and provide them with the best services available, Superior Choice Credit Union is excited to announce that we will be launching a new, enhanced online bill pay system. Our new system will include features that will make this valuable tool even better, including:

  • 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
  • A more intuitive, user-friendly experience

We’re so thrilled to offer this enhanced online bill pay system to our members! To make sure this conversion process goes as smoothly as possible, we wanted to give you a bit of a heads up about what you’ll need to know through this process.

 

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1633 Hits

#FinancialFridays Volatility is not Risk

Volatility Is Not Risk

The two should not be confused.

Provided by Dennis Archer

What is risk? To the conservative investor, risk is a negative. To the opportunistic investor, risk is a factor to tolerate and accept.

Whatever the perception of risk, it should not be confused with volatility. That confusion occurs much too frequently.

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1443 Hits

Join us at the Twin Ports Elder Abuse Awareness and Prevention Conference and Community Forum

Learn what YOU can do to protect yourself and the older adults you know from abuse. Join us at the Twin Ports Elder Abuse Awareness and Prevention Conference and Community Forum on Tuesday, May 24 at the University of Wisconsin-Superior.

 

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1847 Hits

#YouthMonth Are your kids on the right track to financial independence?

For many of today's young adults, the weakest link lies in learning the basics.

According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card, and 59% of teens do not have money management classes offered at their schools.

Achieving economic prosperity is difficult, and it's especially hard for young people who've never learned how to manage money.

Superior Choice Credit Union is ideally positioned to respond because we believe in the power of education. We're here to help you launch the youth in your life toward financial independence, and here’s how:

Join. For starters, open a credit union savings account for each child in your family. As soon as your children can write, have them fill out deposit and withdrawal slips. Guide teenagers through using a debit card and tracking transactions.

Share. Include your children in household money discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cell phone plan, calculating the total monthly cost of owning a car, or sticking to a budget for back-to-school or holiday spending.

Coach. Remind your children to ask for help when they need it. And turn to your credit union when you want help. Our tradition of service and philosophy of self-help make Superior Choice Credit Union and all credit unions a natural partner in pursuing financial security.

We're here to help. For more information, contact us by calling 800-569-4167 or visit www.superiorchoice.com


Superior Choice Credit Union is celebrating National Credit Union Youth Month April 25-29! We've planned a few activities to celebrate our youngest members:

  • Each branch of SCCU will host a Credit Union Strong coloring contest for kids up to age 12. Stop by your nearest SCCU branch to pick up the coloring contest page or click here to download the printable coloring page PDF. Each branch will randomly select the winner of a $25 VISA gift card after April 29.
  • All students who make a deposit at the SCCU school credit union during April 25-29 will be entered to win a drawing for a $25 VISA gift card. A random winner will be selected after April 29.
  • From April 25-29, SCCU will deposit the first $5 into new accounts that are opened by anyone 18 years of age and under. (Membership eligibility required. Federally insured by the NCUA. Special is only available 4/25/2016-4/29/2016. Offer is subject to change or discontinue at any time.)
  • College scholarships are available to SCCU members. The application period ends April 30, 2016. Click here for information.

Click here for more information about National Credit Union Youth Month.

 

 

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1556 Hits

#YouthMonth What is Credit Union Strong?

Our April 25-29 youth celebration is focused on the theme of Credit Union Strong.

Young people face a bewildering financial landscape in their immediate future—one where technology has made spending as easy as breathing and the cost of higher education continues to skyrocket. That’s why we believe it’s more important than ever to ensure our youth possess strong money management skills.

As a not-for-profit financial cooperative, our core values include member education and social responsibility. We care about the community where we live and work, and the people in it. We look forward to watching the next generation grow and make it even better.

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1834 Hits

#FinancialFridays Building a college fund

Building a College Fund

Do it smartly, without the all-too-common missteps.

Provided by Dennis Archer

According to Sallie Mae, U.S. families with one or more college students spent an average of $24,164 on tuition, housing, and linked expenses in 2015. That was 16% more than in 2014.1

Statistics like these underline the importance of saving and investing to fund a university education, but that effort has become optional to many. In its annual How America Saves for College survey, Sallie Mae found that only 48% of U.S. families with at least one child younger than age 18 were saving for college at all. Among those that were saving, the average 2015 amount was $10,040 – the lowest figure in the 7-year history of the survey. It is little wonder that 22% of college costs are covered by either parent or student borrowing.1,2

If you want to build a college fund, what should you keep in mind? What should you do? What should you avoid doing?

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1685 Hits

Congrats to SCCU business member Derek Medved!

Superior Choice Credit Union is so proud of our SCCU business member Derek Medved of the Gary Milk House for his nomination for the Emerging Entrepreneur Award! All of the Joel Labovitz Entrepreneurial Success Awards nominees and winners were honored at a luncheon at the Duluth Entertainment and Convention Center on Wednesday, April 20.

Click here to read more about Derek in this Duluth News Tribune article from April 2015.

The Joel Labovitz Entrepreneurial Success Awards program recognizes entrepreneurs and business owners from throughout the Twin Ports and Northeastern Minnesota. Award categories include Micro Entrepreneur, Emerging Entrepreneur, Established Entrepreneur, Mature Entrepreneur and Environmentally Engaged Entrepreneur.

 

 

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1832 Hits

Superior Choice Credit Union Encourages Youth to Get Financially Fit during National Credit Union Youth Month

Credit Union Strong Facebook Cover

Financial literacy is a crucial life skill for young people, but it’s one that too few are learning. That’s why in April, Superior Choice Credit Union is focusing on helping youth become more financially fit. April 25-29, Superior Choice Credit Union will be hosting events that will help local youth strengthen their money skills and pump up their savings.

 

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1846 Hits

#FinancialFridays Should you plan to retire on 80% of your income?

Examining a long-held retirement planning assumption.

Provided by Dennis Archer

A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering?

Some new research suggests that retirees may not need that much annual income to keep up their standard of living.

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1814 Hits

#FinancialFridays Retirement now vs. retirement then

Today's retirees must be more self-reliant than their predecessors.

Provided by Dennis Archer

Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75.

To varying degrees, this was the American retirement experience during the last few decades of the previous century. Those days are gone; retirees must now assume greater degrees of financial self-reliance.

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1700 Hits

Help us raise $500 for the Hermantown All Night Grad Party

Our Hermantown branch grand reopening celebrations start today with a fundraiser! For every new checking account that is opened at our Hermantown branch on Thursday, April 7 and Friday, April 8 we will donate $10 toward the Hermantown High School All Night Grad Party. Help us reach the goal of donating $500 toward the All Night Grad Party!

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1766 Hits

Incoming wire transfers are down

Dear Superior Choice Credit Union member,

Due to technical difficulties, we are unable to accept incoming wire transfers until 12 p.m. CDT on Thursday, April 7, 2016.

We are working diligently to correct this issue, and will keep you updated if our timeline changes. Please contact us at 800-569-4167 for questions and assistance.

Thank you for your patience while we work through this. Your membership is greatly appreciated.

Sincerely,

Superior Choice Credit Union
2817 Tower Avenue, Superior WI 54880
1-800-569-4167 | www.superiorchoice.com

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1662 Hits

Superior Choice Credit Union to celebrate Hermantown branch grand reopening with fundraiser, ribbon cutting ceremony

HERMANTOWN, MN – Following the completion of an extensive remodeling project at their Hermantown branch, Superior Choice Credit Union plans to hold a grand reopening celebration in early April.

Festivities include a Hermantown All Night Grad Party fundraiser, ribbon cutting and cook out, a checking account special, a cash giveaway, and more.

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1653 Hits

Share certificate special starts today!

​Thirteen is your new lucky number! That's because starting today, you can get a 13-month share certificate with 1.13% APY* This special rate is around for a limited time only, so don't delay! The rate is subject to change or discontinue at any time.

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1735 Hits

Finally Fridays at the SCCU Denfeld branch

​Superior Choice Credit Union's Denfeld branch was host to the Duluth Area Chamber of Commerce's Finally Fridays event today! Finally Fridays is one of the Chamber's monthly networking events which provides its participants opportunities to network with one another. Today we had about 40 people turn out to network, check out the new branch, and have some breakfast. Our doughnut muffins from Harbor City Sweets were a big hit. Thanks to everyone who turned out for a fun Friday morning. We were happy to showcase our newest branch!


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1658 Hits