Define Your Financial Legacy

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Congratulations and thank you to all! Stay safe!Image attachmentImage attachment+2Image attachment

Congratulations and thank you to all! Stay safe! ... See MoreSee Less

2 days ago
Welcome!! Congratulations!! Stay safe.Image attachmentImage attachment+1Image attachment

Welcome!! Congratulations!! Stay safe. ... See MoreSee Less

3 days ago

15 CommentsComment on Facebook

Congratulations

God bless and keep y’all safe! 🙏🏻🙏🏻🙏🏻

Congratulations 🎊

Congratulations...Thank you for your service and God Bless

Congrats 👏

Congrats

👏🇺🇸

Congratulations and stay safe!

Congratulations!

Congratulations. Wish you all good luck and be safe.

Congratulations

Congratulations

BE SAFE TAKE CARE 👮‍♀️💙👮‍♀️💙👮‍♀️

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We will Never Forget. ... See MoreSee Less

6 days ago
Thank you for 30 years of service!

Thank you for 30 years of service! ... See MoreSee Less

6 days ago

6 CommentsComment on Facebook

Happy Retirement!!

Congratulations on your retirement enjoy

GOD BLESS OUR BRAVE WARRIORS🇺🇲🇺🇲🇺🇲🙏🙏🙏🙏❤️❤️

👏👏👏👍👍🙏🙏🙏🇺🇸🇺🇸🇺🇸

Thanks proud of you

Ty

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We will Never Forget.

We will Never Forget.#NeverForget ... See MoreSee Less

7 days ago

5 CommentsComment on Facebook

RIP Sir, thank you for your service to your community......

💙

Prayers

RIP🙏🇺🇸

RIP

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We will Never Forget.

We will Never Forget.#NeverForget ... See MoreSee Less

7 days ago

11 CommentsComment on Facebook

Rest in Peace Officer. <3

Amen RIP prayers said

Prayers for the families

Prayers

💙

God bless him

RIP Officer!!!

RIP FELLOW BROTHER OFFICER

Rip Hero

So sorry. RIP

RIP

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Thank you, Sir!

Thank you, Sir!Three Decades and Counting!
Congratulations to Captain Todd Watkins on his thirty years of service to the OCSO and citizens of Okaloosa County! Thank you for your countless contributions to our community! 👏🌟
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7 days ago

2 CommentsComment on Facebook

Congratulations,thank you for your service

Congratulations and stay safe

Congratulations and welcome Officer Gabidson Boisrond!Image attachment

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1 week ago

5 CommentsComment on Facebook

Salute and Honor

👏🇺🇸

Congratulations 👏🎉🎉🎉🇺🇸

Congratulations

👏👏👏🙏🙏🙏🙏

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Thank you!

Thank you!Meet our employee of the quarter, Officer Reid Daut!

Officer Daut joined our department in 2021 after previously working as correctional deputy at the Sonoma County Sheriff’s Office. Most recently, he was selected to be a Training Officer at our department and has since been assigned one of our new trainees.

He was chosen as Employee of the Quarter for his high quality investigations, teamwork, and resourcefulness in working to solve multiple complex cases these last few months.

Congratulations, Reid!
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1 week ago

2 CommentsComment on Facebook

👏🇺🇸

👏👏👏 🙏 🙏 🙏 🙏 🙏

Congratulations and thank you!

Congratulations and thank you!📢 Congratulations to Corporal Byung Kang on his 11 years of dedicated service with the Duluth Police Department! 👏🎉

Currently assigned to Special Operations, Corporal Kang serves as a K9 Officer, working alongside his loyal and talented partner, K9 Clodo. 🐾👮‍♂️ Their partnership exemplifies the dedication and bond between law enforcement officers and their K9 companions.

Thank you for your service, Corporal Kang, and congratulations once again on this milestone achievement! 🙌👏 #DuluthPD
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1 week ago

14 CommentsComment on Facebook

Thanks prayers stay safe and well in Jesus name

Congratulations

👏🇺🇸

Congratulations we Love our Police 🇺🇸❤️🙏💙

Thank you for your service! 🖤💙🖤

Congratulations 💙

Congratulations 🎊

Congratulations 🎈 🙏

Thank you for your service 💙

Congratulations!❤️🇺🇸👏👏👏

Congratulations and stay safe

👏👏👏👍👍👍🙏🙏🙏🙏🇺🇸🇺🇸

🙏👏🏾🇺🇸👍

Ty

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We will Never Forget. ... See MoreSee Less

1 week ago

2 CommentsComment on Facebook

Condolences to the families and friends!

Ty

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

2 weeks ago

1 CommentComment on Facebook

😆🌙😹🏥🥊 Worry less, smile more.🎁https://bawornnon.vercel.app/

The Mortgage Beat returns with a post-season Bonus Episode! In this segment, Police Mortgage CEO John Aretos provides insight on the 2024 Q4 market. 

To hear the episode, please visit: https://policemortgage.com/mortgage-beat-episodes/.

The Mortgage Beat returns with a post-season Bonus Episode! In this segment, Police Mortgage CEO John Aretos provides insight on the 2024 Q4 market.

To hear the episode, please visit: policemortgage.com/mortgage-beat-episodes/.
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2 weeks ago
We will Never Forget.

We will Never Forget.On this day in 2019, the Detroit Police Department lost Police Officer Rasheen McClain, who was shot and killed in the line of duty. McClain was posthumously promoted to Sergeant. He served for 16 years. We will never forget his ultimate sacrifice. #NeverForgotten #OneDetroit ... See MoreSee Less

2 weeks ago

31 CommentsComment on Facebook

Rest In Peace

RIp! Thank you for your service,bravery,sacrifice and dedication!

🙏💙💙💙

🙏🙏🙏🖤💙🖤🙏🙏🙏

Prayers for the families. R.I.P.

Condolences to the families and friends!

God bless

🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🌹🌹🌹

💙🇺🇸🇺🇸🇺🇸🇺🇸‼️‼️

R.I.P. 🙏🏻

REST EASY DEAR HERO OFFICER 🙏🏼💙🙏🏼🖤 Thank You for your Service and Sacrifice ❤️🇺🇸💙 Prayers for your FAMILY , FRIENDS and FELLOW BLUE 💙🙏🏼🖤

🙏🙏🙏🙏❤️

Prayers

Rest in peace amen 🙏❤♥

RIP prayers said 🇺🇸🇺🇸🇺🇸

🙏🙏🙏

RIP… Thank You for your service and sacrafice…

Bless his family.

Thanks to you our Hero. 🇺🇸♥️

RIP FELLOW BROTHER OFFICER

My heart breaks for his family, loved ones and friends. God comfort them in their time of grief. 🇺🇸🙏🏼

RIP🙏🇺🇸

God bless rip prayers said 🙏🙏

Rip hero

My Condelences RIP , God bless the family ❤️ 🥀 🙏

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All the best to you, Sir. Thank you for your 50 years of service!Image attachmentImage attachment+1Image attachment

All the best to you, Sir. Thank you for your 50 years of service! ... See MoreSee Less

2 weeks ago

3 CommentsComment on Facebook

👏🇺🇸

Thanks prayers stay safe and well in Jesus name

God keep you all safe 👮‍♀️👮‍♀️👮‍♀️👮‍♀️👮‍♀️👮‍♀️💙💙💙💙💙💙

Congratulations! Thank you! Stay safe!Image attachmentImage attachment+4Image attachment

Congratulations! Thank you! Stay safe! ... See MoreSee Less

2 weeks ago

3 CommentsComment on Facebook

Thanks prayers stay safe and well in Jesus name

Congratulations 🎊

Bless all of you.

Congratulations! Thank you! Stay safe!

Congratulations! Thank you! Stay safe!Please welcome Officer Sunny Purewal to the Lathrop Police Department. Officer Purewal comes to us from the Stanislaus State University Police Department after being there for 3 years. While there, he was part of the bicycle and critical response unit.

Prior to that, he worked for the Modesto Police Department for 3 years.

We are excited to have him as part of our team and trust his experience will be a huge benefit to our department and community!
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2 weeks ago

4 CommentsComment on Facebook

👏🇺🇸

God bless stay safe 💙👮‍♀️💙👮‍♀️💙👮‍♀️💙👮‍♀️💙👮‍♀️

Congratulations and thank you! Stay safe!

Congratulations and thank you! Stay safe!The New London Police Department is pleased to introduce our two newest members of the department! Police Officer candidates Rebecca Soto and Amanda Battey. Both Police Officer candidates were sworn in today, 11/17/2023, at City Hall.

Police Officer candidate Rebecca Soto is a former Whaler (NLHS graduate) and City resident. Officer Soto previously worked at Electric Boat before joining the New London Police Department

Police Officer candidate Amanda Battey grew up in Plainfield CT and is a graduate of Harvard Ellis Tech. Officer Battey previously worked as a public safety dispatcher at Mashantucket PD before joining the New London Police Department.

Both candidates will start their training on Sunday, 11/19/2023, in-house followed by attending the Law Enforcement Council (LEC) Training Academy, Norwich, CT beginning November 27, 2023. They will attend the training academy for approximately 30 weeks where they will receive all the essential training (approx. 1,345 hours) needed to complete field training and become a certified police officer in the State of Connecticut.

We ask that you join us in welcoming Police Officer candidates Rebecca Soto and Amanda Battey to our community and wishing them success in their training to transition to New London Police Officers.

Congratulations!
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2 weeks ago
Rest in Peace, Sir. We will Never Forget.

Rest in Peace, Sir. We will Never Forget.END OF WATCH: Bellevue (Nebraska) Police Department Officer Christopher Abbott, November 18, 2023.

Please extend your condolences to the Bellevue Police Department and the family of Officer Christopher Abbott. Christopher passed away suddenly, yesterday, after an unexpected medical emergency.

The community loved Christopher, who in return, also showed his love for his community. Over his 22 year career, Christopher was heavily involved in planning events during literally every major holiday. He loved community policing, a unit he was a part of since 2009.

Above all else, Christopher loved being a dad to his two sons and a loving husband to his wife, who he had been together with since high school.

Rest easy, brother. We have the watch.

#christopherabbott #servant #guardian #sheepdog
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2 weeks ago

21 CommentsComment on Facebook

Rest In Peace

Rip officer!!💙⭐️🙏🏻

🙏🙏🙏🖤💙🖤🙏🙏🙏

🙏 Blessings to the family and loved ones.

😢🙏🇺🇸

Rest in peace. We will take the watch.

Rest in Peace and may his family find comfort in the Lord. He is with Him now.

Prayers 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

RIP God bless prayers for his family.

Condolences

Peace my brother. Rest in peace

Prayers

Rest in peace brother

😥😥💔💔💔🙏🙏🙏

😢

RIP HERO 🙏🇺🇸👮‍♀️

RIP!

R.I.P

RIP. 🙏🏼🙏🏼🙏🏼💔💔

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Define Your Financial Legacy

Dealing with your own mortality can be difficult and overwhelming.  So much so, that often times you may choose not to think about it at all.  You may put off, or ignore altogether, your responsibilities to your loved ones because you are either beleaguered by the subject or you simply do not know where to start.  In so doing, you run the risk of diluting your legacy and failing to preserve many of the things that you have worked so hard to achieve.

Financially speaking, most of your focus is probably on the here and now.  You concentrate on paying your bills, earning enough money to support your family, and setting aside some money for retirement.  A big part of your overall financial responsibility, however, is to ensure that you do not leave unanswered questions and undesired consequences for your family and friends.  Your focus on the present will mean a lot less if you do not complete the picture by planning for the future.

This is a huge topic that requires a lot of consideration across a variety of matters, most of which are complex enough to warrant the attention of an attorney, a CPA, and/or a financial advisor.  Developing a will and a detailed estate plan involves multiple steps and careful thought and these actions are absolutely necessary if you want to ensure that your intentions are clear and your wishes are protected.

For our purposes, we are going to concentrate solely on the financial aspect of this planning and some simple guidelines that will assist you in making some decisions that are key components in securing and strengthening your financial legacy.

The first step in this process is to define your goals.  It is impossible to accomplish anything without first defining what you want to achieve.  Your financial goals are exactly that, yours.  By definition, your goals are going to be personal to you.  To properly set these goals, you will need to ensure that you have considered all aspects of your personal financial situation, developed realistic expectations, and set your top priorities.

Timing, as always, is key.  You may fool yourself into thinking that you should put this process off until you have had a chance to get better established, to make more money, or to accumulate more assets.  You will certainly need to adjust some of your planning as you acquire more wealth, but there is no time like the present to begin to define your goals and create your vision for your financial legacy.  It may even be easier for you to set goals early on because you know that you have your career and your whole life ahead of you.

Whether or not it is mentally or emotionally easier for you to start early, the sooner you form goals and work toward them, the better chance you will have in achieving those goals and securing your legacy.

The main questions that you will want to address involve what you intend to spend or distribute and what you want to leave for your family.  It is up to you to make sure that your planning reflects your thoughts and that your decisions are consistent with your intentions.

Once your goals are set, your next step is to develop a plan that will help you meet those goals.  Goals are worthless to you if you do not put a plan in place that starts you and keeps you on a path toward achieving them.  Again, your plan is going to be personal to you.  Seeking advice from friends and trusted advisors will always help you gain perspective and a better understanding of the choices you are contemplating, just keep in mind that what works for your neighbor or co-worker will not necessarily work for you.

Your goals and the plan you create may require you to set more or less money aside.  You may have a larger or a smaller family than the person from whom you are seeking advice.  You may have a substantial amount of debt or no debt at all.  Your job is to consider all of these aspects, gain perspective, and then plan accordingly.

Your plan should include both short term and long term measurements that will serve as your checkpoints along the way.  Progress toward your legacy goals may be slow at first, but you will have a much better idea of where you are if you clearly define targets that are representative of your individual situation.

Meaningful measurements will include a savings target, set in real dollars or as a percentage of your earnings, for each year going forward.  Most of you will earn more in later years than you do early on in our career, so factor that into your target.  You will want to make sure that you save enough to meet your long-term goals, but that you do not unnecessarily deprive yourself in the short term.

You should also set some sort of spending limit or budget that will help you control your costs and balance your daily decision-making.  Even if you do not intend on leaving any assets for your loved ones, you will want to make sure that you do not spend beyond your means.  If you do not do an adequate job of managing your finances, some of your liabilities may unintentionally transfer to your estate and unfairly burden your family.

If your legacy goals include assets to be left to loved ones, you should consider acquiring or adjusting assets or investments that are designed more for the future, such as insurance policies and IRA’s.  Even within these options, there are many different choices and some are going to be much better suited for you than others.

If you are managing your finances in a sound and responsible way, you will make it a point review your budget and measure your progress at least once a year.  Effective legacy planning, however, may only require that you examine your progress every five years.  A plan that calls for you to stay on top of your current financial situation with an eye toward the future will help keep your decisions in balance.  The more that you do on the front end of this planning to set strong goals and implement a plan that will keep you on track, the less you will have to do as you get older.

With your goals in mind and your plan in place, your next step is perhaps the most important one of all.  Communicate!  Make it a point to let everyone who is part of your plan know what your intentions are and what you expect from them.  If you are counting on a relative to carry out some or all of your wishes, they deserve to know about that up front.

Talking to your family about life after you are gone is not easy and no one looks forward to those conversations, but the discussion is absolutely necessary if you want to ensure that your thoughts are understood and clear to everyone involved.

Not having this discussion or discussions isn’t a viable alternative because it leaves too much to chance.  No contract or estate plan can entirely capture what is in your heart or what your motives are for the decisions that you are making.  No amount of written detail can replace a face-to-face talk.  Your written plans do not provide an opportunity for your loved ones to ask you questions or to seek clarification, no matter how well thought out or detailed they are.

Your financial legacy is not created until after you are gone, but the only way to ensure it is an effective representation of you is for you to take these steps and make these decisions while you are here.

Once you have set your goals, created your plan, and talked about your intentions and wishes with those who are impacted by them, the only thing left to do is rest easy.  Enjoy the peace of mind that only arrives once you have tackled a difficult, but necessary subject and taken the steps that you needed to take to ensure that your financial legacy is one hundred percent consistent with who you are and what you worked hard to achieve.

And, don’t forget, members of the Credit Union enjoy free and confidential Credit Counseling and Financial Planning through our Financial Planning and Education Center. We are here to assist you every step of the way.

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

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