In honor of Veterans Day on November 11, all through the month of November Superior Choice Credit Union will host a fundraiser and holiday mail activities in support of local veterans and military service members.
Superior Choice Credit Union is now seeking nominees for the upcoming board of directors election. If you're interested in applying to be a nominee, please contact [email protected] for an information packet and nominee application. Elections are held January-February 2018, with winners being announced at the February 22, 2018 annual membership meeting. Three directors will be elected by SCCU members to serve a three-year term on the SCCU Board of Directors.
Applicants must be an active member of SCCU by using the services offered and must have joined the credit union at least one-year prior to the record date. SCCU employees may not serve as board members.
Below is a list of director requirements and educational opportunities. More information can be found in the information packet and nominee application. To request those materials, please email [email protected] Applications to be in consideration for a board of directors nominee must be received no later than Friday, December 1, 2017.
For questions, please contact Brittany Markgren at [email protected]
On October 19, Superior Choice Credit Union will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the credit union movement.
On Thursday, October 19, SCCU members can stop by any branch to sign up for a chance to win prizes. Each branch will have three winners. Kids aged 10 and under may participate in a coloring contest for a chance to win a prize. Click here to download a printable coloring page, or stop by your nearest branch of SCCU to pick up a coloring contest page.
Superior Choice Credit Union celebrates ICU Day because it believes the not-for-profit structure and people-first principles of credit unions make them the ideal financial partners for all people. This year’s ICU Day theme is “Dreams Thrive Here,” a celebration of how credit unions help people achieve their biggest goals in life.
The public is welcome to stop by one of Superior Choice Credit Union’s six branches and celebrate with SCCU a worldwide movement that’s made helping people its No. 1 priority for more than 160 years.
Are you ready to retire? You might be prepared for the financial transition, but you’ll experience lifestyle and emotional transitions as well. We can help you understand these upcoming changes and provide the information you need to better prepare for this exciting season of your life. Working together, we’ll gain clarity and confidence about your path to retirement.
Join us for an educational seminar on “Three Transitions to Retirement” to be held on November 1, 2017 at 5:30 p.m. at the Superior Choice Credit Union Administrative Office (1320 Grand Ave, Superior WI, 54880)
This information-packed presentation includes a workbook to help you assess your retirement readiness. During this session, you’ll learn:
- How to confidently address the financial, lifestyle and emotional transitions to retirement
- How to guard against risks and manage those that are inevitable
- Whether you are ready for retirement
This no-cost, no-obligation seminar is hosted by Wendy Otterness, the Financial Advisor at SCCU Retirement and Financial Advisors. For more information or to reserve your place, call 715-398-8918 or email [email protected]. Click here to register online. Space is limited, so make your reservations today.
This workshop is educational only and is not investment advice. If you need advice regarding your financial goals and investment needs, contact a financial advisor. All guarantees are backed by the claims-paying ability of the issuer. MEMBERS Insurance & Investments and MEMBERS are marketing names for the products, services and programs offered by CMFG Life Insurance Company (CMFG Life), MEMBERS Life Insurance Company (MEMBERS Life) and other leading carriers. MEMBERS® is a registered trademark of CMFG Life. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Not NCUA/NCUSIF/FDIC insured, may lose value, no financial institution guarantee. Not a deposit of any financial institution.
Financial advisors are not tax experts. For information regarding your specific tax situation, please consult a tax professional. Variable annuities are sold by prospectus only. You can obtain a prospectus by contacting your financial advisor or the insurance company. Read it carefully.
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.
© CUNA Mutual Group 2017
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.
Duluth, Minn. – Superior Choice Credit Union will host a community blood drive with the American Red Cross on Oct. 11 from 11 a.m. to 5 p.m. at the Northland Chapter of the American Red Cross, located at 2524 Maple Grove Road in Duluth.
For more information or to make an appointment to donate, call 1-800-RED CROSS or sign up online at redcrossblood.org with sponsor code SCCU.
“Superior Choice Credit Union is committed to strengthening our community and helping meet hospital and patient needs through blood donations,” said Gary Elliott, SCCU’s President/CEO. “This blood drive is our way of giving staff, colleagues and neighbors an opportunity to help save lives.”
Blood is a perishable product that can only come from volunteer blood donors. With someone in the U.S. needing blood every two seconds, blood products must be constantly replenished, according to the Red Cross.
“We urge community members to donate blood and help ensure that patients in local hospitals have a supply of blood ready and waiting before an emergency occurs. There’s no better feeling than knowing that your blood donation may give someone a second chance at life.”
According to the Red Cross, donors with all blood types are needed, especially those with types O negative, A negative and B negative.
It was annouced on Thursday, September 7, 2017, that Equifax (one of the nation's major credit reporting agencies) was the victim of a data breach. According to Equifax, the breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses, and other sensitive personal information.
In light of the Equifax breach, the Federal Trade Commission (the nation’s consumer protection agency working to prevent fraudulent, deceptive and unfair business practices in the marketplace) has a few tips on what to do.
Wise money moves for parents under 40.
Provided by Wendy Otterness
As you start a family, you start to think about certain financial matters. Before you became a mom or dad, you may not have thought about them much, but so much changes when you have kids.
Parenting presents you with definite, sudden, financial needs to address. By focusing on those needs today, you may give yourself a head start on meeting some crucial family financial objectives tomorrow. The to-do list should include:
Life & disability insurance coverage. If one or both of you cannot work and earn income, your household could struggle to meet education expenses, medical expenses, or even paying the bills. Disability insurance payments could provide some financial support in such an instance. Some employers provide it, but that coverage often proves insufficient. Every fifth American has a disability, and more than 25% of 20-year-old Americans will become disabled before reaching retirement age. One in eight working people will be disabled for five years or longer during their pre-retirement years. Could you imagine your household going that long on only a fraction of its current income?1,2
Generally, the earlier you buy life insurance coverage, the cheaper the premiums will be. The biggest savings await those consumers who buy coverage before age 30 and before they marry and have kids. After 30, high blood pressure and cholesterol problems may begin to show up on blood tests, and other health problems may surface. As an example, a single, child-free 25-year-old in good health purchasing a 30-year term policy with a $500,000 death benefit will pay a monthly premium of about $75. The premium jumps to around $115 for the typical 35-year-old married parent in good health.3
Estate planning. Is it too early in life to think about this? No. Life insurance, a will, a living trust – these are smart moves, especially if you have children with any kind of special needs or health concerns of your own that may shorten your longevity or lead to weaknesses in body or mind. Besides documents linked to insurance and wealth transfer, consider a durable power of attorney and a health care proxy.
If you are considering designating a guardian for your children in the event of the unthinkable, whoever you appoint needs to be comfortable with the possibility of taking legal responsibility for your child. That person must also have the financial wherewithal to be a good guardian, and his or her family or spouse must also be amenable to it.
College planning. What will a year at a public university cost in 2035? Vanguard, the investment company, conducted an analysis and projected an average tuition of $54,070. (The 2035 projection was $121,078 for a private college.) So, the message is clear: start saving now. Saving and investing for college through a 529 plan, a Coverdell ESA, or other accounts that offer the potential for tax-deferred growth may give you a better chance to meet those future costs.4
An emergency fund. Ideally, your household maintains a cash cushion equivalent to 3-6 months of salary. Build it a little at a time, set aside a bit of money per month, and you may be surprised at how large it grows during the coming years.
Address these priorities now, and you may lower your chance of financial stress in the future.
Wendy Otterness may be reached at (715) 398-8917 or [email protected]
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.
In the aftermath of Hurricane Harvey, many are wondering how they can help. While there are many opportunities to make monetary donations to help with hurricane relief, the Federal Trade Commission is warning consumers to beware of scammers who take advantage of tragic situations.
In an effort to help area emergency housing shelters stock their shelves with much-needed supplies, all six branches of Superior Choice Credit Union are hosting a supplies drive for area shelters from Sept. 5 through Sept. 29.
Items such as household cleaning products, personal hygiene supplies, and more are being collected at the credit union’s Tower Avenue, Shoreline, Duluth Denfeld, Hermantown, Ashland, and Mellen branches. Supplies from the Tower Avenue and Shoreline branches will be distributed to Harbor House Crisis Shelters in Superior, supplies from the Duluth Denfeld and Hermantown branches will be distributed to CHUM Emergency Shelter and Housing Services, and supplies from the Ashland and Mellen branches will be distributed to the New Day Shelter in Ashland.
“Often the key to reaching financial stability is having a safe, healthy place to live,” said Gary Elliott, SCCU President & CEO. “The emergency housing shelters in our service areas do tremendous work to help get people back on their feet. Our credit union is happy to support the shelters’ mission toward providing safe housing for people in our area. We’re hopeful that collecting and donating much-needed supplies can make an impact toward stable housing and financial wellness.”
Donation boxes and wish lists are available at each Superior Choice Credit Union branch. Below is a wish list for each shelter.
Harbor House Crisis Shelters - Drop off at Tower Avenue and Shoreline branches in Superior
Garbage bags (13 gallon)
Kitchen wash cloths
Dish soap/dish washer soap
All purpose cleaner
Toilet bowl cleaners
Women’s hygiene products
Bath towels/wash cloths
CHUM Emergency Shelter and Housing Services - Drop off at Duluth Denfeld and Hermantown branches
For Households Moving from Shelter to Housing
Cleaning Supplies: two-gallon cleaning buckets filled with cleaning supplies including; dish soap, all purpose kitchen and bathroom cleansers, window
leaner, floor mop, broom, dustpan, and a new vacuum
Kitchen Supplies: Pots and pans, baking sheet, dishes and utensils
Laundry Supplies: Sturdy laundry baskets/bags, laundry detergent, bleach, dryer sheets
Health and hygiene: Family-sized shampoo, hair conditioner, bath soap, lotion, toothpaste & toothbrushes
For Personal Hygiene for Shelter Guests
New men's underwear in all sizes (boxers preferred); new women's underwear, sizes 5, 6, and 7; new or gently used bras all sizes
White crew socks for adult men and women
Cough drops, reading glasses, denture adhesive and cleaning tablets; Feminine hygiene products
New Day Shelter - Drop off at Ashland and Mellen branches
Sheets and bedding
Paper products (ie. Plates, Towels, Tissue(s)
Kitchen Towels/Hot pads/Washcloths
Pots and Pans
Diapers & Pull ups
Superior Choice Credit Union's six branches and administrative office will be closed on Monday, September 4 in observance of Labor Day. Our Saturday hours will be unaffected by the holiday weekend. We will be open again for normal business hours on Tuesday, September 5.
For after-hours lost/stolen credit or debit card contact information, please click here.
Be sure to stop by our Tower Avenue branch to check out the photography of artist Matt Stengl. It's part of our new art gallery feature! We're hoping to rotate artwork every few months. If you or someone you know is a talented artist that would like to display work at our high-traffic branch, we'd love to hear from you! Please send an email to [email protected] with information about your art and some photo samples. Artwork could be photography, paintings, illustrations, graphic arts, textiles, quilts, ceramics, etc. and must be gallery-ready. Thank you to our pioneering artist, Matt Stengl, for being our first featured artist!
Superior Choice Credit Union's Great Debt Pay Down program participants are making significant headway in paying off their debt. Here are a few stats as we recently hit the six-month mark of the year-long program:
• This year (2017) we had 25 participants, the most since the first year Great Debt Pay Down started.
• The participants started with a grand total of $391,243 unsecured debts – this does not include student loans.
• Six months into the program, the participants have paid down more than $31,400.
• Four participants have already completed the workshop requirements and just need to meet with a counselor in the fourth quarter to qualify for the grand prize.
• One participant has already paid down $5,000 in unsecured debt. And all credit scores have either stayed steady or have gone up.
• Counselors are expressing the participants’ and their own excitement around the debt that is being paid down and savings that is building.
Great job to all of our Great Debt Pay Down participants! Click here for more information about our partnership with LSS Financial Counseling and the Great Debt Pay Down program.
Though the registration period for the 2017 Great Debt Pay Down program has closed, SCCU members may still benefit from FREE financial counseling sessions due to SCCU's partnership with LSS Financial Counseling. Click here to learn more.
Superior Choice Credit Union is excited to host two Home Stretch home buying education classes in partnership with One Roof Community Housing. SCCU will host classes on Saturday, August 26 and Saturday, November 4 from 8:30 a.m. to 5:30 p.m. Click here for the Home Stretch class schedule.
**Update: The Nov. 4 Home Stretch Workshop was moved to room #112 at WITC-Superior to accomodate a larger class size.**
HUD certified Home Stretch classes teach participants how to prepare for homeownership, determine affordability, work with housing professionals, learn financial management and understand credit. Participants who complete the 8 hour workshop receive a certificate that meets the education requirements needed to qualify for local affordable mortgages and down payment assistance. The class cost is $50 per household (unless otherwise noted).
Why should you take a home buyer education class?
- Learn how to prepare for homeownership Understand the home buying process
- Avoid mistakes commonly made by first-time home buyers
- Learn about mortgages and the importance of credit
- Learn about special loans and down payment programs available for low & moderate income families/individuals
Superior Choice Credit Union Mortgage Originator Julie Lupa was chosen by the Hermantown Area Chamber of Commerce to receive their Outstanding Ambassador Award. From the July 31, 2017 Duluth News Tribune Biz Buzz article:
"Hermantown Area Chamber of Commerce announced Julie Lupa was named the recipient of their Outstanding Ambassador Award during a July 19 Ambassador luncheon.
Lupa, a mortgage originator with Superior Choice Credit Union, has over 21 years of experience in the credit union mortgage lending field. She promotes homeownership in the community and is a volunteer with 1Roof Housing for homebuyer education classes. She became a new Chamber Ambassador earlier this year and quickly became a leader within the chamber's membership. She helps with monthly luncheon registration, makes sure everyone is welcomed and everything is organized. She conveys new ideas for the Ambassador Program and ways to help the Hermantown community."
Julie Lupa works out of SCCU's Hermantown branch. She helps members with home lending and other mortgage-related products. Julie is an asset to the Superior Choice Credit Union team, and we are so thrilled that she is being recognized for her community involvement! To meet with Julie for mortgage-related financial needs, call 1-800-569-4167 or email [email protected]
Superior Choice Credit Union's Tower Avenue and Shoreline branches are drop off sites for the Head of the Lakes United Way Stuff the Bus school supply donation drive. From August 1-25, we're accepting donations of new school supplies.
Stuff the Bus is a school readiness program that provides backpacks, school supplies, and other items to prepare low-income students for the first day of school and to ensure their preparedness throughout the school year.
Head of Lakes United Way is asking individuals, employee groups, and service organizations to fight for kids! Please collect new school supplies for students so that all students feel prepared for school. All of the supplies will be delivered directly to the school district and distributed by them.
Items needed include: 1” binders with pockets, plastic 2 pocket folders, pencil boxes, Sharpies, sticky notes, composition notebooks, scissors, hand sanitizer, Kleenex, backpacks, pens, pencils and more!
Superior Choice Credit Union will undergo upgrades and maintenance to our core processing system. Due to this maintenance, SCCU members may experience interruptions to the following services:
• Debit cards: From approximately 3 a.m. CT on Friday, August 4 until 8-9 a.m. CT on Sunday, August 6 debit card users will have reduced access to cash from ATMs. Please plan accordingly if you need to withdraw cash from an ATM around this time.
• Online banking/audio/mobile/text banking: These services will go offline at close of business around 1 p.m. CT on Saturday, August 5 and will come back online around 7 a.m. CT on Sunday, August 6.
• Shared branching: Shared branching for SCCU members will be down after 1 p.m. on Saturday, August 5 until the maintenance period is over on Monday, August 7.
• Online transaction history: The number of transactions that may be viewed in It’s Me 247 Online Banking will be reduced from 24 to 12 months for share and draft accounts. For all other account types (Christmas, IRA, certificate, loan, etc.) this will be reduced from 60 months to 48 months.
We apologize for the temporary inconvenience caused by these system upgrades and maintenance. Superior Choice Credit Union appreciates your patience while we make these important updates to our systems.
We will be celebrating the 30 year career of Dennis W. Archer, Financial Advisor with the SCCU Retirement & Financial Advisors Program located at SCCU. Dennis will be retiring in the fall of 2017.
We will also be celebrating the addition of Dennis’ replacement, Wendy M. Otterness. Wendy has actively worked with Dennis since April 1st and will be taking over for him upon his retirement.
This will be your opportunity to wish Dennis well and to meet Wendy. We hope to see you.
Please join us for coffee and cookies;
Tues. August 22nd from 10:00 to 2:00
Hermantown Branch Lobby
4161 Haines Rd., Hermantown
Wed. August 23rd from 10:00 to 2 p.m.
Tower Avenue Branch Lobby
2817 Tower Ave., Superior
Securities sold, advisory services offered through CUNA Brokerage Services, Inc., 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. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America.
Thank you for being a member of Superior Choice Credit Union! Stop by your nearest branch of SCCU for treats, giveaways, and more starting at 9 a.m. on Friday, August. 4. We appreciate your membership!