BUDGETING 101

Guide to Share Certificates

Getting your finances in shape for the future might be easier than you think with a Share Certificate.

A Share Certificate, or a Certificate of Deposit as some people call them, is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing financial institution pays interest. The interest paid on a Share Certificate is generally higher than a typical savings or checking account.

Unlike other types of investments that can lose value when the economy changes, certificates guarantee yields in a specified timeframe. They are also included in the amount insured at the credit union.

With higher interest rates and lower risk, opening a certificate makes sense when you already have enough money to cover your daily expenses and can afford to set aside $1,000 or more . Early withdrawal penalties serve as a strong disincentive to spend money when you're trying to save your money for an important goal.

CREDIT UNION FUN FACT

Nordstrom FCU is Federally Insured

In 1970 Congress established the National Credit Union Administration and the National Share Insurance Fund to ensure member deposits held in credit unions were safe against credit union failure. That means that your funds are insured up to $250,000. Rest assured, Nordstrom FCU remains a strong and sound financial institution.

87TH ANNUAL MEETING

Join us for our Annual Meeting

Nordstrom FCU will be hosting the 87th Annual Meeting of the Membership on July 20 at 11:30 am PST. The meeting will take place at the Nordstrom FCU Headquarters at 2701 Hoyt Ave, Everett, WA. Members are encouraged to join in person or via zoom. Please use the link below to sign up and let us know how you will be attending.

FREE SERVICE

Bill Pay Benefits

Bill pay is a free service the Credit Union offers that lets you set up automatic payments for various bills - all in one place. If you juggle rent or a mortgage, cable and electricity bills, credit card payments and more, online bill pay can save time and help you avoid late fees.

Here’s what you need to do to set up bill pay:

• Gather your bills, including account numbers and the addresses to where you send the payments.
• Enter each biller’s information into online bill pay platform, or choose them from the list provided. 
• Choose when to send the payment.
• Select a recurring or one-time payment.
• Set reminders or alerts to track when each bill is due.

Risk Management Specialist

Meet Sarah

Sarah started at the Credit Union as a Member Service Representative in 2007. Over the years she developed her skills in other credit union operations- working in Branch Services, Card Services, Compliance and Audit. She’s been the Risk Manager for a few years now and also has special interests in Project Management and Training.

Sarah lives with her teenage daughter and cat, Chowder. She loves hiking and enjoying the many and varied natural areas of the Pacific Northwest. She also enjoys painting, baking, gardening and spending time with family and friends.

SHARE THE LOVE*

Refer, Reward, Repeat!

Here's how it works...

1. Spread the word about Nordstrom FCU to your family and co-workers by forwarding this email encouraging them to join our exceptional community.
2. Tell them to click the link below to complete a quick referral form (make sure they list you as the referring member) and complete a membership application.
3. For every successful referral, we will deposit $25 into your account and into the account of the person you refer.

It's a win-win for everyone!

Happening in July

July 20:

Nordstrom FCU's 87th Annual Meeting of the Membership

*You must be an existing Nordstrom FCU Member to make a referral. The new member must qualify for membership by being a Nordstrom employee or the family member of a current credit union member. $25 will be paid via deposit into the Nordstrom FCU savings account of each member 60 days after the new member has opened their account. Both members must be members in good standing in order to receive the $25 incentive. A member may receive up to 10 referral bonuses ($250) in a calendar year. Federally insured by NCUA.

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