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Meal Planning on a Budget

Meal Planning on a Budget

The beginning of a new year is a great time to change up your diet in a way that fits your budget. Meal planning is popular among those who desire to eat healthy while maintaining a healthy budget. While there are many resources available for recipes, we have a few tips on how to make the most of your meal planning options. Plan your shopping trips and meals in advance. Take some time to look at the grocery store circulars or online deals to see what is on sale for the week. Once you know what meats and seasonal fruits and vegetables are being offered at a good price, you can research recipes to maximize your meal planning options for the season. These prices tell you how much they are by amounts so you can compare with your recipes to determine your budget before you’re in the store. Check out meal planning resources via a Google search and on sites like Pinterest. There are meal preps and plans available from home cooks and more popular sources like Food Network. Be willing to try new recipes and look into meat-free recipes to conserve your funds. There are plenty of cost-effective options that can be a good source of protein. Choose different recipes with the same meat. Whether you’re making meals for a family or you’re making lunches for yourself, buying in bulk is always best. If you’ve found a few recipes for chicken that you think you’ll like, buy the chicken in bulk and freeze what you don’t use right away. This will keep your meat fresh and ready for...

Chairman’s Message

On behalf of all of us here, at Power Financial Credit Union, I would like to wish you and your family a healthy and Happy New Year. In reflecting on the past year, the words “growth, enhancement, and empowerment” are forefront in my mind. GROWTH AND ENHANCEMENT In 2019, your credit union welcomed TransCapital Bank (TCB) to our family. We are delighted to have the TCB employees join our team at a “Top Workplace”, as recognized by the Sun Sentinel. Your volunteer Board of Directors unanimously approved this acquisition for a myriad of reasons. Predominant among them, to enhance our commercial lending competencies and increase access for our existing members with the addition of three more branch locations. These new locations are almost perfectly equidistant in line from our Headquarters in Sheridan, northward to our Juno Beach location. The acquisition brings aboard a strong, profitable, well-capitalized institution with approximately $200 million in assets. Our Sit and Save program, where your trusted advisor analyzes your full financial picture for potential savings, in both time and money, has netted members over $4 million dollars and counting. We were able to help provide countless hours of additional free time to spend with loved ones. In 2020, we invite you to come in and sit down with us. I encourage you to enjoy this free benefit of membership. Social Media platforms have been an area of focus, and in turn we made it on the top 100 list, for The Financial Brand. To achieve this recognition, means to be among the elite of Social Media Marketing. Follow us on Facebook®, Instagram® and Twitter™...
Which Credit Card Rewards Are Right for You?

Which Credit Card Rewards Are Right for You?

Believe it or not, there isn’t a “one size fits all” credit card rewards program. For every card on the market, it seems like there are a million different ways to earn rewards. With all the options, the research can be overwhelming and you might not know where to start. We’ve come up with a few ways you can choose the right credit card rewards program. Is a rewards card right for you? That’s the first question you need to ask yourself. A rewards card isn’t right for everyone. Here’s a handy checklist to run through to help you decide whether or not a rewards card is a good fit for you: You have a good credit score. Most card issuers are looking for consumers who have a FICO score of at least 670. Of course, a higher credit score will help you get a lower interest rate, but a that mid-600 range will get your foot in the door. FYI, the higher your credit score, the more lucrative rewards programs you’ll have access to. You can pay off your balance every month. Rewards card usually have a higher-than-average interest rate. When you carry your balance over each month, you could end up paying more in interest charges than you earn in rewards. You can maximize the value of your rewards. A rewards card can cost you money if you don’t maximize your reward-earning potential. If you don’t earn enough points, you can actually lose money if your card has an annual fee. Now that you’ve determined you could benefit from a rewards card, let’s talk about choosing the...
Holiday Shopping on a Budget

Holiday Shopping on a Budget

Holiday Shopping on a Budget ‘Tis the season…to avoid going broke buying presents for your loved ones. It’s easy to do, right? Sometimes we get carried away and spend more money than we intended to. You don’t want to look like a cheap gift-giver, but you also don’t want to buy the whole store. So, how do you buy awesome gifts for everyone without breaking the bank? We have a few tips for you to keep your trees and your wallets full. Make a List, Check It Twice Hey, the process works for Santa so it can work for us! Start with a list of people you plan to buy for, jot down the gifts you think they’ll love and then check it twice. Santa has to buy gifts for the whole world, but you don’t have to. If your shopping list includes more than five people outside of your immediate family, trim your list. Look at alternatives like homemade gifts or baked goods so you can spread holiday cheer without looking like a Scrooge. Create a Budget Based on Your Finances Your best friend started a great job a few years ago and always gets you the most amazing gifts. However, if you’re in a different place in your financial life, don’t overextend yourself to match gifts. Look at your budget and see what you can do. Don’t shop based on what you think you should spend. The saying “it’s the thought that counts” really does ring true. It’s still possible to give thoughtful gifts to your loved ones without breaking the bank. Homemade From The Heart While...
4 Tips to Jumpstart Retirement Planning

4 Tips to Jumpstart Retirement Planning

Retirement. It seems like a lifetime away, right? Probably something you plan to worry about when you’re a little closer to your retirement date. However, financial experts suggest that the best time to start planning is in your 20s when you typically start earning a steady paycheck. To put it into perspective, if you start saving at 25 and put away $3,000 a year for 10 years, by the time you reach 65, your $30,000 investment could grow to more than $338,000.* Regardless of your retirement date, it’s never too early to start planning for your retirement. You may be asking, “Where is the best place to start?” and “How should I invest my money to maximize the returns I see at retirement?” Both of these are great questions that we will delve into on this post. Set your goals This applies to 20-somethings, 30-somethings, and 40-somethings. How do you know what steps to take if you don’t know where you’re going? Sit down and figure out your goals. Do you want to buy a house one day? How long do you need to rent and save money? What “bad debt” do you need to pay off now to help you in the long run? These answers may change as life circumstances change, but it’s helpful to know what your goals are and create a plan to achieve them before you set out on your savings adventure. Take advantage of your employee benefits Does your company offer a retirement savings account? Most full-time jobs will offer either a 401(k) or a SIMPLE IRA (Savings Incentive Match Plan for Employees...