Save the Date
Saturday, September 6, 2014 @ MVFCU
Seward Meridian Community Office
If you're in the market for some new wheels this fall, be sure to come to the MVFCU Annual AVIS Sale! MVFCU teams up with AVIS Alaska to give discounted prices and amazing loan rates exclusive to MVFCU members.
Preview night is Friday, September 5, from 4:00-7:00 p.m. Many members come to the preview to see what the goods are so they can be first in line the next morning to qualify for the specific car they want.
Check out the video recap of the 2013 AVIS Sale:
We had an excellent turn out for the 2014 Annual Membership Meeting, which was held at Evangelo’s on Tuesday, May 6. Below is an overview of the reports that were given:
Don Shiesl introduced all of the board members and committee members that were in attendance. Then he proceeded to thank them all and the MVFCU staff for all of the hard work that has been done throughout the year.
Supervisory Committee’s Report
Matt Reisterer gave a brief overview of the five-person committee and explained that it’s their duty to provide oversight and to protect the membership’s assets. The committee accomplishes this by thoroughly reviewing an annual third-party audit and ongoing internal audits. The purpose of the audits is to ensure that proper procedures are followed and that the credit union operations are compliant. This past year, MVFCU hired a new third-party auditor, Moss Adams, who brings with them a long history of focusing on financial services. MVFCU management and the supervisory committee have been pleased with their level of service thus far, and the committee is pleased with management’s response in addressing the findings from the NCUA and Moss Adams.
Al Strawn began his report by expressing great gratitude toward the volunteers who make up the MVFCU Board of Directors and Supervisory Committee. He reminded the membership that these individuals are not compensated for their time, yet the guidance and oversight they provide are tremendous assets to the credit union.
Al continued by sharing his excitement regarding a couple of key objectives that were reached in 2013, including the launch of the new MVFCU mobile app, MV Mobile, which allows members to transfer funds between their accounts on their smartphones. He discussed how MVFCU’s very own Get REAL Financial Reality Fair program, which started only a couple of years ago, has swelled into a life of its own with about 12 fairs conducted in local schools during the past year. These fairs are seen as a big part of the credit union’s future as it is aligned with part of our mission to promote financial learning.
In conclusion to Al’s report, he briefly reviewed MVFCU’s core values: a solid foundation – a long-term perspective; relationships built on trust and respect – we as employees and volunteers take it to heart; caring, knowledgeable competent people; member focused, cooperative principles – democratic control and collaboration with similar-minded credit unions; and, creative thinking and innovation – thinking outside of the box in order to grow and continue to meet the needs of our members. Finally, he thanked the membership, the reason that the credit union exists.
This year’s election was uncontested and MVFCU thanked the incumbents for taking another term of service.
To Serve Municipality of Anchorage
MVFCU is pleased to report that the National Credit Union Administration and our Board of Directors recently approved an amendment to our charter that expands MVFCU’s field of membership in Alaska. We now serve: Persons who live, worship, work in, or attend school in, and businesses and other legal entities located in the Municipality of Anchorage or Matanuska-Susitna Borough.
This is a new and exciting chapter in the history of MVFCU. With this change, well over half of the population of Alaska is now eligible for membership. Plans to introduce our credit union to the people of Anchorage will be developed in the coming months.
As we grow and expand, it is vitally important that our credit union continues to be guided by our core values. Building upon a solid foundation with relationships based on trust and respect is central to our success. Having caring, knowledgeable, competent people focused on member needs is what separates us from the competition. Our credit union philosophy of “People Helping People,” combined with our desire to innovate and create new ways to serve, makes us a valuable community asset.
Thank you for your continued dedication and commitment.
Some Elements of the American Character
I thought I would once again call on a guest writer to give us some truly inspired wisdom as we celebrate Independence Day. For many of us, JFK has a special place in our hearts. He was the young president who promised a new generation of leadership. Not unlike today, the world was a dangerous place and our nation and President Kennedy would soon be tested.
I still remember as a young person being challenged by the words of his inaugural speech, “And so, my fellow Americans: ask not what your country can do for you – ask what you can do for your country.”
The following is from a speech delivered by John Fitzgerald Kennedy, Candidate for Congress from the 11th Congressional District, July 4, 1946, titled Some Elements of the American Character.
"Our deep religious sense is the first element of the American character which I would discuss this morning.
"The informing spirit of the American character has always been a deep religious sense.
"Throughout the years, down to the present, a devotion to fundamental religious principles has characterized American thought and action.
"Our government was founded on the essential religious idea of integrity of the individual. It was this religious sense which inspired the authors of the Declaration of Independence:
'We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain inalienable rights.'"
"Our earliest legislation was inspired by this deep religious sense:
'Congress shall make no law prohibiting the free exercise of religion.'"
"Our first leader, Washington, was inspired by this deep religious sense:
'Of all of the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.'"
"Lincoln was inspired by this deep religious sense:
'That this nation, under God, shall have a new birth of freedom, and that government of the people, by the people and for the people shall not perish from the earth.'"
You may ask why the credit union should care about religion or morality. In my humble opinion, if we lose the moral and ethical fiber that built our great nation it is increasingly difficult, if not impossible to build a better financial future. Just as JFK challenged us in his inaugural speech, we are now challenged to decide what kind of future we leave to our children and grandchildren.
Have a Safe and Happy 4th of July!
What can you expect from 2014? We would like to share three reasons why 2014 will remain an ideal year to purchase a vehicle.
First, there is a large amount of pent-up demand to replace older models on the road. Second, as the overall economy (specifically the unemployment rate) slowly improves, consumer confidence will also continue to rise – presenting the opportunity for more consumers to purchase a vehicle. Lastly, interest rates are expected to remain low throughout the year and there is still a great chance to save money.
The combination of these factors – mixed with our interest rates as low as 1.99% APR – support that 2014 will be an ideal year to purchase a new vehicle.
Guaranteeing Income in Retirement
What lies ahead for you? Whatever your retirement goals are, ensuring a steady stream of income during retirement will be an important part of the road ahead. Social security, how to use your 401(k), and other investments are common concerns during retirement income planning.
Join us for an informational workshop to address these concerns and learn how the use of annuities could create a guaranteed stream of lifetime income for you.
Help set your financial direction and learn the answers to questions like these:
- What sources of retirement income will you rely on?
- What retirement risks do you face now that you’re drawing on your savings?
- Which income strategies should you consider?
- How can you use annuities to guarantee an income for life?
This no-cost, no-obligation workshop is hosted by Jodie M Smith, the Matanuska Valley Financial Services Representative at Matanuska Valley Federal Credit Union. Space is limited, so make your reservations today.
All guarantees are based on the claims-paying ability of the issuer. Insurance products are issued by CMFG Life Insurance Company (CMFG Life). Representatives are registered, securities are sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. Investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members.