National Financial Capability Month

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Thank you for 22 years of dedicated service!! We wish you all the best in your retirement!Image attachment

Thank you for 22 years of dedicated service!! We wish you all the best in your retirement! ... See MoreSee Less

3 hours ago
Thank you! 💙Image attachmentImage attachment

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3 hours ago
Check out the Credit Union’s ARM Promotion, offering a 5-Year Adjustable-Rate Mortgage at 5.49%! 

According to Police Mortgage CEO John Aretos, “ARMs are ideal for first-time homebuyers seeking flexibility and a below market rate. An ARM program offers the most competitive interest rate right now, as it features a viable option for people to afford the increasing cost of homeownership.”

Plus, all Credit Union Police Mortgages qualify for Killed in the Line of Duty Loan Protection!

For details and restrictions, please visit: https://nationalpolicecu.com/arm-promotion/

Check out the Credit Union’s ARM Promotion, offering a 5-Year Adjustable-Rate Mortgage at 5.49%!

According to Police Mortgage CEO John Aretos, “ARMs are ideal for first-time homebuyers seeking flexibility and a below market rate. An ARM program offers the most competitive interest rate right now, as it features a viable option for people to afford the increasing cost of homeownership.”

Plus, all Credit Union Police Mortgages qualify for Killed in the Line of Duty Loan Protection!

For details and restrictions, please visit: nationalpolicecu.com/arm-promotion/
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4 hours ago
Congratulations and thank you! Stay safe.Image attachmentImage attachment

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17 hours ago
Congratulations and thank you!!
#Hero

Congratulations and thank you!!
#Hero👏👏👏

Congratulations to Officer Ivy Tiry #196 on reaching her 1-Stripe milestone, for 5 years of law enforcement service with the Wausau Police Department. She joined us in May 2019.

Officer Tiry serves as a patrol officer and is a part of our Honor Guard Team and our Small Unmanned Aerial System (sUAS) Team. Thank you for choosing to serve the City of Wausau!

*For every 5 years of law enforcement service, we present our staff with a gold service stripe to be worn on their long-sleeve uniform. Service stripes are small, but each stripe is significant and symbolizes a tremendous amount of positive impacts each officer has made in our community.
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17 hours ago
Get to know National Police Credit Union, the full-service financial institution specializing in personalized products, services and educational programs for families in Law Enforcement. As YOUR Credit Union, we have been serving the financial needs of Police Officers and their families for over 85 years. As always, we are here for you and we have your back! Visit us at www.nationalpolicecu.com. 💙💙💙💙

Get to know National Police Credit Union, the full-service financial institution specializing in personalized products, services and educational programs for families in Law Enforcement. As YOUR Credit Union, we have been serving the financial needs of Police Officers and their families for over 85 years. As always, we are here for you and we have your back! Visit us at www.nationalpolicecu.com. 💙💙💙💙 ... See MoreSee Less

19 hours ago

The Credit Union is honored to welcome the Seligman Police Department (Missouri) into our field of membership. We look forward to serving the financial needs of you and your families. ... See MoreSee Less

21 hours ago
Congratulations! Thank you! Stay safe.Image attachmentImage attachment+2Image attachment

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1 day ago
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1 day ago
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1 day ago
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1 day ago
How important it is for us to recognize and celebrate our heroes and she-roes! -- Maya Angelou

#MemorialDay2024

"How important it is for us to recognize and celebrate our heroes and she-roes!" -- Maya Angelou

#MemorialDay2024
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2 days ago

We are proud to highlight the Springfield, MO Police Department. It was great to talk with Cris Swaters, Public Affairs Officer, about the history of the department and its Patch. #promotethepatch ... See MoreSee Less

6 days ago
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6 days ago
We will Never Forget.Image attachmentImage attachment+1Image attachment

We will Never Forget. ... See MoreSee Less

6 days ago
Great job!! Thank you! 💙💙🐾🐾

Great job!! Thank you! 💙💙🐾🐾In the evening hours of May 20th, 2024, Wausau Police were dispatched for a report of a disturbance on Wausau's eastside. A person involved in the fight fled the scene in a vehicle prior to police arriving on scene. A short time later, the suspect was located and taken into custody. Officer Pacey and his partner, K9 Astor, were utilized to conduct an exterior sniff of the suspect's vehicle and the following was seized:

- 366 grams of psilocybin mushrooms
- 190 grams of marijuana
- 105 grams of MDMA (ecstasy)
- 24 grams (261 pills) of Fentanyl
- One firearm

We are so grateful for our four-legged partners who work alongside us. K9 Astor was quite proud of himself, too! 🐾
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6 days ago
Thank you for 27 years of service! 💙💙

Thank you for 27 years of service! 💙💙Please help us in celebrating Records Specialist Wendell Bryant on his well-deserved retirement. He has been an even-keeled, always smiling staple in our Records Unit since 1997. His helpfulness and expertise will be greatly missed.
Best wishes in your next chapter, Wendell!
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6 days ago

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6 days ago
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6 days ago
Congratulations!! Thank you! Stay safe.

Congratulations!! Thank you! Stay safe.🚨New Officer Alert🚨

Please welcome PSLPD’s newest officer who was sworn in today, Officer Matthew Schechter.

Officer Schechter hails from Long Island, New York and comes with 8 years experience from NYPD.

Congratulations and welcome home!
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6 days ago

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National Financial Capability Month

Kick off National Financial Capability Month, April 2023, by committing to be in control of your own financial destiny.

Start by engaging in the Credit Union’s Financial Fitness for First Responders an ongoing series of free financial wellness programs specifically tailored for families in Law Enforcement. Financial Fitness for First Responders covers the topics most pressing to Law Enforcement Officers, including this month’s Retirement Readiness, Protecting Your Loved Ones with Life Insurance, Strategies for Investing, the ABCs of Homebuying, and more.

Following are Outtakes from recent Seminars:

RETIREMENT READINESS

  • Deferred Compensation is only one piece of your retirement puzzle.
  • Identify which “bucket” of money; Taxable, Tax-Deferred or Tax Free, best suits your retirement needs.
  • Pension, Social Security and required minimum distributions (RMDs) can affect your Medicare premiums and taxes.
  • Know your risk level, and make sure your investments match it.
  • Never spending Deferred Compensation can have tremendous tax implications for your beneficiaries.
  •  There are numerous types of life insurance, and many advantages beyond a death benefit.
  • Anyone with a pension will be required to self-fund Long Term Care.
  • Consult a licensed financial advisor who can explain The SECURE Act and how will it affect your retirement accounts.

 

PROTECTING YOUR LOVED ONES WITH LIFE INSURANCE

  • There are several types of life insurance:
  • Term Life provides coverage for a specific period. If the insured passes away during the term of the policy, the beneficiaries receive a death benefit.
  • Whole Life is a permanent life insurance that provides coverage for the lifetime of the policyholder. Whole life policies typically have a fixed premium and pay a death benefit. The policy also has a component that accumulates cash value over time.
  • Universal Life provides permanent coverage and an investment component that offers the policyholder more flexibility.
  • Determine how much life insurance you need, and which policy best accomplishes your goals.
  • Life insurance can be used to generate tax-free income.
  • Life insurance is one way to fund Long Term Care costs.
  • You can convert taxable accounts into tax-free accounts with life insurance.

 

STRATEGIES FOR INVESTING

  • Educate yourself about the basics of investing, the different options available and the associated risks.
  • Define your investment goals and timeline and determine your risk tolerance.
  •  Diversify your portfolio by investing in different asset classes like stocks, bonds, or mutual funds.
  • Dollar-cost averaging can help reduce the impact of market volatility on your investments.
  • Focus on an investment strategy instead of attempting to predict market highs and lows. Avoid trying to time the market!
  • Regularly monitor your investments and make portfolio adjustments as needed.
  • Seek advice from a licensed financial advisor who can help you create a personalized investment plan.

 

ESTATE PLANNING ESSENTIALS

  • If you do not complete an estate plan, the State of Illinois imposes a plan on your estate, probate proceedings are often unavoidable, probate bond costs cannot be avoided, and disharmony may ensue within your family because of disputes over who should administer the estate.
  • By completing a will or trust, you direct who oversees your property after you pass and who should receive your assets.
  • With proper planning, you can avoid probate proceedings, minimize the costs of administration, and plan for your inheritance to benefit your beneficiaries in a manner that best addresses your concerns about the beneficiaries’ circumstances.
  • Completing a power of attorney for health care permits individuals you trust to make your health care decisions when you are not able to manage your care so that you can avoid guardianship proceedings.
  • Completing a power of attorney for property permits individuals you trust to handle your financial matters to avoid guardianship during your incapacity.

 

BUILDING A BETTER BUDGET

  • A simple budget can help you set financial goals and limit poor spending habits.
  • Follow the 50/30/20 Rule and prioritize essential expenses like rent and groceries.
  • Track expenses to understand where your money is going and identify areas where you can adjust.
  • Don’t spend more than you earn and try not to overuse credit cards.
  • Avoid impulse shopping and flash sales.
  •  Set aside 3-6 months of living expenses for an emergency fund, which can help cover unexpected costs or job loss.
  • Manage and eliminate debt by utilizing the Avalanche or Snowball methods or investigate a consolidation loan.

 

UNDERSTANDING YOUR FICO CREDIT SCORE

  • Your payment history is the most important factor in calculating your FICO score.
  • Try to keep your credit card balances below 30% of your credit limit.
  • Opening too many new credit accounts in a short period of time can negatively impact your FICO score.
  • Try to keep old credit accounts open, even if you don’t use them often.
  •  Check your credit report regularly for errors or fraudulent activity. You can get a free copy of your credit report from www.annualcreditreport.com.

 

UNDERSTANDING CRYPTOCURRENCY

  • Bitcoin and Ethereum are the most popular digital currencies, better known as cryptocurrency or “crypto.”
  • Cryptocurrency relies on blockchain technology, an encrypted public ledger that records transactions across a network of computers.
  • Cryptocurrency is decentralized, meaning it is not controlled by a central authority or government.
  • Cryptocurrencies are extremely volatile, so don’t trade them with a “get rich quick” mentality.
  • Do your research when selecting a crypto trading platform and focus on ease of use.
  • Cryptocurrency adoption has grown in recent years, with major companies like Microsoft and AT&T accepting them as a form of payment.
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Before you purchase that new car, check the Credit Union website to see if we can beat that rate!

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