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Fraudulent Email Notification

Fictitious email messages, allegedly initiated by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC, have been sent to some credit union members. Any communication claiming that the OCC is involved in holding any funds for the benefit of any individual or entity is fraudulent. The OCC does not participate in the transfer of funds for, or on behalf of, individuals, business enterprises, or governmental entities. If you have received an email from the following email address, do not respond – it is fraudulent: office2comptroller90@gmail.com deadhead@kfedisbroke.com name@officeocc.com The perpetrators may request, among other data, bank account information, including bank statements, with the purported purpose of making a large dollar deposit into your account. Do not respond in any manner to any proposal supposedly issued by the OCC that requests personal account information, or that requires the payment of any fee in connection with the...

Trust, Will and Estate Planning Review

You are cordially invited to learn about Trusts, Wills, and Estate Planning with Power Investment Services, available through LPL Financial.* We have three events featuring the expertise of two different trusted financial professionals. Join us at The Sheridan Branch on Thursday, May 16 between the hours of 9:00 AM – 4:30 PM for your Trust, Will and Estate Planning Review. You’ll be able to schedule time with Trey E. Miller, from the Law Office of Miller and Miller, P.A.** Reserve your time slot by May 9th. Join us at The Sheridan Branch on Thursday, May 16 at 6:00 PM for a Trust, Will & Estate Planning Q&A Session featuring Trey E. Miller, from the Law Office of Miller and Miller, P.A.** RSVP by May 9th.  Join us at Total Wine in Kendall on Monday, June 3 at 6:00 PM for a Trust, Will & Estate Planning Seminar featuring Attorney Sheryl K. Manning P.L.** RSVP by May 27th. Please reserve your time slot for the Review or RSVP for our Q&A Session or Seminar by calling 954.538.6244 or emailing investments@powerfi.org. All attendees for Total Wine in Kendall must be 21 or older.    *Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Power Financial Credit Union and Power Investment Services are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Power Financial Credit Union deposits and are not NCUA insured. These products are not obligations of Power Financial Credit Union and are not endorsed, recommended or guaranteed by Power Financial Credit Union or any government agency. The value of...
Mind the GAP: Understanding the Value of GAP Coverage

Mind the GAP: Understanding the Value of GAP Coverage

Picture the following scenario: After months of research and planning, you take the plunge and buy a new car. Once the financing is secured and your auto insurance is in place, you’re ready to hit the road. You’re so excited about your sparkling ride that you’re not even worried about the fact that most new cars depreciate by as much as 10% the moment you drive them off the lot—and up to 20% in the first year. That’s a financial fact, but you’re too busy enjoying that new car scent to get bogged down with details like that. Now, imagine that after just a few weeks, you’re involved in an accident that badly damages, or worse yet, totals your car. (Don’t worry—unlike your car, you emerge from this imaginary situation without a scratch.) Fortunately, you did the responsible thing and secured good auto insurance. Once all the proper claims have been filed, you find out that insurance will only cover your car’s market value—which, due to the depreciation, is several thousand dollars less than the amount you owe on your auto loan. If only there were a type of loan protection that would help you make up that difference. Fortunately, there is. It’s called Guaranteed Asset Protection—GAP, for short. What is GAP? GAP coverage is an optional protection plan offered with auto loans or leases, and depending on the plan coverage limits, it effectively waives most of, if not all, the remaining balance on your loan. While your auto insurance plan’s comprehensive and collision policies cover your vehicle’s value in the event that it is totaled or stolen, GAP...
Bauer Financial Rated

Bauer Financial Rated

We are so honored to have been rated as a BauerFinancial five-star financial institution. We’re thrilled to provide exceptional service to our community and to continue serving our Power Financial Credit Union family well! We look forward to many more years of helping our incredible members through all their financial triumphs and struggles. Click here to learn more about this...
Throw a Super Bowl Party That Doesn’t Break the Bank!

Throw a Super Bowl Party That Doesn’t Break the Bank!

Now that Christmas and New Years are behind us, it’s time to plan for the next big holiday. That’s right—Super Bowl Sunday is just around the corner! As the NFL’s top two teams prepare to battle at Mercedes-Benz Stadium in Atlanta, the festivities leading up to the game will clearly show that the NFL has spared no expense in trying to make Super Bowl LIII the greatest championship game in history. When it comes to planning your Super Bowl party, we suggest taking a different—and slightly more sensible—financial approach. 8 ways to throw a budget-friendly Super Bowl party If you’re looking for some ways to host a Super Bowl party that’s as frugal as it is fun-filled, here are a few of our favorite suggestions. Start with a financial game plan.  Sounds better than “make a budget,” doesn’t it? Since Super Bowl parties are all about football, it makes sense to prepare like a coach. Setting a spending limit before you shop will help you stiff-arm the creative displays and impulse items at the grocery store. To quote Super Bowl-winning QB, Russel Wilson, “The separation is in the preparation.” Team up with a co-host. Since football is a team sport, why not recruit a co-host to help you plan your party? Not only can the two of you share the cost of food and decorations, you’ll be able to split the stress of planning as well. Sounds like a win-win, doesn’t it? Digital invites over classic invitations. Sure, Pinterest is packed with clever ideas for intricate Super Bowl invitations, but you know which detail those posts forget to mention?...