Member benefits: free financial education workshops

[Pages:4]October 2021

Volunteer board nominations

The Nominating and Elections Committee nominates one candidate from TFCU's membership for each open position on the Board of Directors. Those nominees will be announced in the January 2022 issue of Money's Worth. TFCU members who are not selected by the committee, but would like to run for election, may pursue nomination by petition. Petition packets will be available in TFCU branches on December 27, 2021, and members will have until February 4, 2022, to collect signatures from 500 TFCU members. Signatures from individuals who are joint owners on TFCU accounts, but do not have a primary share account of their own, are not valid. Continued on back page...

Member benefits: free financial education workshops

What are the best smart phone apps to help track your finances? What is the difference between a private and federal student loan? How can I reach my long-term retirement goals? These are just a few of the questions Tinker Federal Credit Union answers through our financial education initiatives. Whether you're interested in an online course to help you keep up with the latest financial tools or an in-person workshop to teach students and teens about loan options for college, TFCU encourages you to take advantage of

our free financial workshops. To keep up with the latest financial trends, you can also access live online workshops every Thursday from 12:00 p.m. to 12:30 p.m. on Facebook Live. Be sure to follow Tinker Federal Credit Union on Facebook, then tune in under "Live" videos on your desktop or smartphone to watch our workshop in real-time. In addition to a range of financial workshops geared toward adults, TFCU also offers workshops tailored to children and young adults. Continued on back page...

QUICK TIP

Using your home's equity

A home equity line of credit (HELOC) gives you the convenience of a credit line with even better advantages. You can borrow up to 100 percent of the appraised value of your home, less the balance of the first mortgage. Low variable interest rates save you money over most other forms of personal credit and make it a cost-effective way

to pay for the things you want today. $

Create a meaningful family legacy

Family lends us a strong sense of identity. So it makes sense that traditional legacy planning focuses on family bonds and the financial resources we want to leave to our loved ones. The best legacy plans start by focusing on the here and now. Here are four ideas to help you leave a family legacy- starting right now.

1. Find Work-Life Balance: The struggle is real. Even successful people have expressed regret about choosing work over spending time with their families. If this resonates with you, consider ways to free up some quality time for your loved ones.

2. Plan for the Unexpected: About 48 percent of U.S. adults don't have life insurance, according to a 2021 study conducted in part by the trade group LIMRA. This and other conventional estate planning concerns are an integral part of leaving your legacy.

3. Communicate Your Vision with Both a Legal Will and an Ethical Will: Along with a legal will consider adding an ethical will. Think of this as a family love letter, passing on your personal lessons and your vision for the family's future. Your ethical will can add context to your legal will, potentially preventing conflict among heirs.

4. Show Your Help and Support: You can do this in many positive ways from encouraging words, being actively involved in your family's activities or by making memories taking family vacations. In addition, you can financially help by setting aside money for education in a 529 plan for your children or grandchildren.

Live life with intention, not regrets. Your financial advisor can help you create a legacy that prioritizes caring for and guiding the people you love and honors what matters most to you now and in the future.

TFCU Financial Advisors 6501 Tinker Diagonal Midwest City, OK 73110 (405) 737-0006

Securities are offered through RAYMOND JAMES FINANCIAL SERVICES, INC., Member FINRA/SIPC, and are not insured by NCUA or insured by any other government agency. Funds are NOT GUARANTEED nor are they deposits or obligations of the credit union or any affiliated entity of the credit union, and are subject to risk, including the possible loss of principal. Tinker Federal Credit Union, Tinker Financial Services, LLC and TFCU Financial Advisors* are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc., a non-affiliated third party provider to Tinker Financial Services, LLC and Tinker Federal Credit Union. All investments and information are intended for U.S. residents only. *TFCU Financial Advisors is a registered trademark and `dba' of Tinker Financial Services, LLC.

TFCU EVENTS

International Credit Union Day > October 21, 2021

For 75 years, TFCU has been committed to helping our members achieve their goals and realize their dreams. Join us for International Credit Union Day to help us celebrate the credit union movement. Visit any of our full-service branches on October 21 during normal business hours for free treats and giveaways while supplies last. Thank you for being part of the credit union movement.

Teacher of the year nominations > Due by October 31, 2021

Know a teacher who deserves a bonus? Give them a shot at $2,000 by nominating them for the TFCU Teacher of the Year Award. To win, nominees will need to demonstrate how they promote smart money choices in the classroom through a short video. Creativity counts! Winners will be chosen by a panel of TFCU judges based on the creativity of their lessons, their video and examples of what students have taken away from the lessons. For a full list of rules, and to apply, visit us online at teacher-of-the-year/.

HOLIDAY HOURS

TFCU will be closed on Monday, October 11, in observance of Columbus Day and Indigenous Peoples' Day.

Your path to home ownership

ONE

Prepare your credit

Your credit score is one of the most important factors in determining the loans you're eligible for and the interest you'll have to pay. Start building your credit score early by always paying bills on time, paying down your existing debt, keeping old credit card accounts, and avoiding too many new credit card applications.

TWO

Start saving

The down payment of a mortgage can be a significant sum, often in excess of $15,000, based on the amount you borrow. Though there are some alternatives to lower your initial down payment, these often come with additional fees and higher interest that cost you more in the long run. To make the most efficient use of your assets, consider creating a plan to save the full down payment amount over three or four years.

THREE

Get pre-approved

Once you've built credit and saved for your down payment, it's generally a good idea to be pre-approved for a loan before making an offer on the home you're interested in. Pre-approval is a commitment from a lender to provide you with the amount you applied for, and it tells sellers that you can follow through on the offer you make. Make sure to collect and prepare necessary documentation well in advance, including tax returns, pay stubs, bank account statements and any other documents

FOUR

Make an offer

Once you have your finances in order, you're ready to find a realtor and make an offer on the home you've chosen. A reputable realtor should be able to guide you through the home buying process, tell you whether an offer is realistic and help to prepare you for

closing. $

Free financial education workshops...

(continued from page 1)

These classes provide opportunities for youth organizations, clubs and classrooms to receive professionally developed financial courses to help kids grow into balanced adults. For teachers in need of video content, TFCU has archived a wide range of subjects and courses online at oklahoma-standards. From there, members and educators have unlimited free access to videos they can explore anytime, anywhere. These personal financial literacy video courses are designed for students in grades seven through twelve and include necessary standards for all Oklahoma students. Subjects range from income and taxes to banking and financial institutions, and though the courses are designed for students, members are also welcome to access the materials for other purposes. As schools once again return to in-person learning, TFCU is offering live financial education courses in the classroom upon request. For parents and teachers who prefer remote learning, TFCU also offers virtual courses. Both in-person and virtual courses typically last 45 to 60 minutes. Educators or parents interested in more information can email financialeducationdept@ or call (405)

319-2089 to ask questions or set up a session. $

Volunteer board nominations

(continued from page 1)

Petition forms with at least 500 valid signatures, along with the forms stating the candidate's biographical information and statement of qualifications for office, must be returned to a TFCU branch by the February 4, 2022, deadline. All required forms will be included in the petition packet. If there are no nominations by petition, the candidates nominated by committee will be elected by acclamation at the 2022 Annual Shareholders' Meeting. If there is at least one nomination by petition, an election will be held. The 2022 Annual Shareholders' Meeting will be held

Saturday, April 2, 2022. $

LOCATIONS, NUMBERS & HOURS

Ada | 1620 Lonnie Abbott Blvd. Bethany | 6750 N.W. 39th Crooked Oak Campus Open to Crooked Oak students, faculty and staff. Choctaw | 2183 N. Harper St. Edmond West | 1401 N. Kelly Edmond East | 3141 S. Bryant Enid | 801 S. Oakwood John Marshall Mid-High School Campus Open to John Marshall students, faculty and staff. Midwest City | 6501 Tinker Diagonal Midwest City East | 1401 S. Post Road Moore | 400 S.W. 6th Norman East | 1131 12th Ave., N.E. Norman West | 301 36th Ave., N.W. OKC, Capitol Hill | 2315 S. Western Ave. OKC, Metro Tech 1800 Springlake Drive, Suite 200

Lobby Hours: Monday?Friday 7:30?3:30 OKC, North Rockwell | 13300 N. Rockwell Ave OKC, Northeast | 1177 N.E. 23rd OKC, Northwest | 4626 N.W. 39th OKC, South Sooner Rd. | 14900 S. Sooner Rd. OKC, Southwest | 9601 S. Pennsylvania OKC, Southwest (Drive-Thru) 1200 S.W. 89th OKC, Tri-City | 4101 S.W. 134th Seminole | 2221 N. Milt Phillips Ave. Lobby & Drive-Thru Hours: Monday?Friday 9:00?5:00 Closed Saturday

Shawnee | 3923 N. Harrison Stillwater | 5101 W. 6th Ave. Tinker AFB, Area A | Bldg. 420

Lobby Hours: Monday?Friday 7:45?4:30 Drive-Thru Hours: Monday?Friday 7:00?5:00 Tinker AFB, Area C-1 North Bldg. 3001 Post Y-92 Lobby Hours: Monday?Friday 6:45?4:30 Tinker AFB, Area C-2 South Bldg. 3001 Post Y-32 Lobby Hours: Monday?Friday 8:00?4:00 Tinker AFB, TAC Bldg. 9001 Post A-45 Lobby Hours: Monday-Friday 7:45-4:15 Tulsa | 8920 E. 61st Street Vance AFB | 234 Fields Street Lobby Hours: Monday?Thursday 9:00?5:00 Friday 8:00?5:00 Drive-Thru Hours: Monday?Thursday 9:00?5:00 Friday 8:00?5:00 Closed for lunch 1:00?2:00 Yukon | 11209 W. Reno Ave. TFCU Financial Advisors 6501 Tinker Diagonal, MWC (405) 737-0006 Office Hours: Monday?Friday 9:00?5:00

CO-OP Shared Branch Locations

For a complete list of CO-OP Shared Branch locations, visit , and click on CO-OP Shared Branches under Locations.

Key

Standard Lobby Hours: Monday-Friday 9:00-5:00 Saturday 9:00-Noon

Standard Drive-Thru Hours: Monday-Friday 8:00-6:00 Saturday 8:00-Noon

Federally insured by NCUA

TFCU Express Electronic Service Centers

Enid Express | 215 W. Owen K. Garriott OKC Express, Southwest | 1200 S.W. 89th

P.O. Box 45750, Tinker AFB, 73145 (405) 732-0324 OKC (918) 592-0324 Tulsa (405) 707-7440 Stillwater (580) 310-0324 Ada (580) 233-3330 Enid 1-800-456-4828

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