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A New Use for an Old Cliché: A Penny Saved is a Penny Earned

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Big Changes, Bigger Commitment! Big things are coming in 2025! We’re thrilled to announce that National Police Credit Union is becoming National Police Federal Credit Union starting January 1! 🚔Don’t worry—our mission to support law enforcement remains at the heart of everything we do. This new name reflects our evolution and commitment to growth while staying true to our roots. Curious about the transition? We’ve got answers—check out our FAQ page all the details. https://conta.cc/3ZVurgv

Big Changes, Bigger Commitment!
Big things are coming in 2025!

We’re thrilled to announce that National Police Credit Union is becoming National Police Federal Credit Union starting January 1! 🚔Don’t worry—our mission to support law enforcement remains at the heart of everything we do.

This new name reflects our evolution and commitment to growth while staying true to our roots. Curious about the transition? We’ve got answers—check out our FAQ page all the details. conta.cc/3ZVurgv ... See MoreSee Less

1 week ago
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It’s Official—We’re Becoming National Police Federal Credit Union! 🚓What’s in a name? For us, it’s a reflection of growth and dedication! On January 1, 2025, National Police Credit Union will transform into National Police Federal Credit Union. While the name is new, our mission remains unchanged: empowering law enforcement families with the best financial services. Curious about the “why”? Don’t worry—we’ve got all your questions covered in our FAQ. Join us as we embrace this exciting new chapter! Learn more: https://conta.cc/3ZVurgv

It’s Official—We’re Becoming National Police Federal Credit Union!
🚓What’s in a name? For us, it’s a reflection of growth and dedication!

On January 1, 2025, National Police Credit Union will transform into National Police Federal Credit Union. While the name is new, our mission remains unchanged: empowering law enforcement families with the best financial services. Curious about the “why”? Don’t worry—we’ve got all your questions covered in our FAQ. Join us as we embrace this exciting new chapter!

Learn more: conta.cc/3ZVurgv ... See MoreSee Less

2 weeks ago
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Division President Jim Bedinger attended the Kansas Sheriffs Associations Fall Conference on November 20 in Mulvane, Kansas.

Division President Jim Bedinger attended the Kansas Sheriffs' Association's Fall Conference on November 20 in Mulvane, Kansas. ... See MoreSee Less

3 weeks ago
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🎉Same Mission, New Name! Mark your calendars—January 1, 2025, marks a new chapter for us! We’re excited to share that National Police Credit Union will officially become National Police Federal Credit Union! Rest assured, while our name is changing, our promise to support law enforcement families remains as steadfast as ever. Wondering why the change? Check out this announcement to get the full scoop. Together, we continue to grow and serve. Read more: https://conta.cc/3ZVurgv

🎉Same Mission, New Name! Mark your calendars—January 1, 2025, marks a new chapter for us! We’re excited to share that National Police Credit Union will officially become National Police Federal Credit Union!

Rest assured, while our name is changing, our promise to support law enforcement families remains as steadfast as ever. Wondering why the change? Check out this announcement to get the full scoop. Together, we continue to grow and serve.
Read more: conta.cc/3ZVurgv ... See MoreSee Less

3 weeks ago
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We have some exciting changes on the horizon! Starting January 1, 2025, National Police Credit Union will proudly become National Police Federal Credit Union!

While our name is evolving, our unwavering dedication to law enforcement officers and their families remains stronger than ever.

Curious about the change? Explore our announcement for all the details.

We’re the same trusted institution you’ve relied on—just with a fresh new name! Learn more: conta.cc/3ZVurgv ... See MoreSee Less

4 weeks ago
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We are proud to highlight the Griffith, IN Police Department. It was great to connect with Greg Mance, Chief of Police, about the history of the department and its commitment to the community. #PromoteThePatch ... See MoreSee Less

1 month ago
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Honoring those who served. This Veterans Day, we remember the courage, sacrifice, and dedication of our veterans. Thank you for your service. #VeteransDay #HonoringHeroes #ThankYouVeterans

Honoring those who served. This Veterans Day, we remember the courage, sacrifice, and dedication of our veterans. Thank you for your service. #VeteransDay #HonoringHeroes #thankyouveterans ... See MoreSee Less

1 month ago
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Check out this opportunity to join our team in Akron, OH!

Check out this opportunity to join our team in Akron, OH!We're Hiring: Branch Representative (Part-Time)

Take the next step in your career and be part of a supportive team that makes a difference. Learn more: akfirepolicecu.com/careers/

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2 months ago
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Happy National First Responders Day! Thank you for your service, dedication, and sacrifice. #FirstResponders #ThankYou

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🚨 Meet the Hosts! Get to know Deputy Scott Brown and Victoria Newman, the voices behind the “Facing Evil” podcast. Learn more about their journey and what inspired them to share this story. Visit FacingEvilPodcast.com. 🎙️ #TrueCrime #PodcastHosts

🚨 Meet the Hosts! Get to know Deputy Scott Brown and Victoria Newman, the voices behind the “Facing Evil” podcast. Learn more about their journey and what inspired them to share this story. Visit FacingEvilPodcast.com. 🎙️ #TrueCrime #PodcastHosts ... See MoreSee Less

2 months ago
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📚 Must-Read Book! Before the podcast drops, check out “Facing Evil: A Cop’s Story of Murder, Mayhem, and the Aftermath” on Amazon. Get the full story behind the podcast. 📖🔗 FACING EVIL #TrueCrimeReads #FacingEvilBook

www.amazon.com/Facing-Evil-Murder-Mayhem-Aftermath/dp/B09HFT9H9S/ ... See MoreSee Less

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🎥 Trailer Alert! Have you seen the trailer for the “Facing Evil” podcast yet? Watch it now at FacingEvilPodcast.com and get a sneak peek into the chilling story. 📽️✨ #PodcastTrailer #TrueCrime ... See MoreSee Less

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📅 Countdown Begins! Only five days until the launch of the “Facing Evil” podcast! Get ready to dive into a gripping true crime story. Visit FacingEvilPodcast.com to sign up for episode release notifications. 🎧🔍 #FacingEvilPodcast #TrueCrime

📅 Countdown Begins! Only five days until the launch of the “Facing Evil” podcast! Get ready to dive into a gripping true crime story. Visit FacingEvilPodcast.com to sign up for episode release notifications. 🎧🔍 #FacingEvilPodcast #TrueCrime ... See MoreSee Less

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Jim Bedinger and Vivian Abraham attended the FOP Great Lakes Coalition meeting held in Indianapolis, IN, on October 3- 4, 2024.

Jim Bedinger and Vivian Abraham attended the FOP Great Lakes Coalition meeting held in Indianapolis, IN, on October 3- 4, 2024. ... See MoreSee Less

2 months ago
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Today is National Thank a Police Officer Day! Wed like to take a moment to express our gratitude to the brave men and women who protect and serve. Thank you for your dedication and commitment to keeping us safe. #NationalThankAPoliceOfficerDay

Today is National Thank a Police Officer Day! We'd like to take a moment to express our gratitude to the brave men and women who protect and serve. Thank you for your dedication and commitment to keeping us s#nationalthankapoliceofficerdayerDay ... See MoreSee Less

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A New Use for an Old Cliché: A Penny Saved is a Penny Earned

The first thing we have to do is modernize this cliché.  Maybe a dollar saved is a dollar earned?

The underlying message, however, is still strong and possibly more relevant today than it was when it was first coined.  Get it?

Whatever denomination of currency you would like to use, once it is spent it is gone and unless you have spent your money on a rare work of art or a gold bar, whatever you spent it on is immediately worth less than what you spent.  Money saved, on the other hand, almost always appreciates and is then worth more than when you first saved it.

Common sense?  Maybe, but I will tell you that I am concerned about what appears to be a changing attitude toward the importance of saving.  I review a lot of personal financial situations and very few of them include any savings at all.

Contrary to what you may think or might have heard, the ability to save is not reserved for the wealthy.  In fact, the opposite is true.  Wealth is created by saving and investing, even if it is a few dollars at a time.

In a quick fix, only today matters type of society, it is too easy to discount the importance of saving and investing, but saving money transcends time.  If you have saved a few dollars in the past, you have a few more options and opportunities today.  If you save today, the same is true tomorrow.

So, the question becomes how to get started.  My advice is to start with what you currently have and keep it simple.  Look at your spending habits over the last 60 to 90 days and ask yourself this question, what was a need and what was a want?  Needs are necessary.  Wants are not.  Needs are essential.  Wants are nice to have.  Select just a few (not all) of those wants and add up what you spent on them.  You may be surprised at what you could save just by setting aside the money that you spent unnecessarily.

I see those pennies piling up already!

Scott Arney
Chief Executive Officer
Chicago Patrolmen’s Federal Credit Union

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Learn more about Strategies for Investing at the Credit Union’s next Financial Fitness for First Responders, a free online virtual educational seminar created for Law Enforcement Officers and their families. For more information, visit our website.

CONTACT US
GO!

Learn more about Strategies for Investing at the Credit Union’s next Financial Fitness for First Responders, a free online virtual educational seminar created for Law Enforcement Officers and their families. For more information, visit our website.

CONTACT US

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Patrolmen’s Dispatch. © 2022 ALL RIGHTS RESERVED.

Powered by:
Chicago Patrolmen’s Federal Credit Union®
National Police Credit Union®
Police Mortgage, LLC

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Patrolmen’s Dispatch. © 2022
ALL RIGHTS RESERVED.

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