Financing a College Education

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Thank you for 38 years of service!! We wish you all best in your retirement! Stay safe!

Thank you for 38 years of service!! We wish you all best in your retirement! Stay safe!Well done Sister. Dispatcher Bonnie Wright retired after 38 years of service to both the Town of Andover, MA and Georgetown. ... See MoreSee Less

3 days ago
Happy Alive Day, Officer Flamion! 💙💙💙💙Image attachmentImage attachment

Happy Alive Day, Officer Flamion! 💙💙💙💙 ... See MoreSee Less

3 days ago
Looking good! Stay safe!

Looking good! Stay safe!Welcome to the Bane Zone 🚂🐾

#k9 #k9bane #bane #BaneTrain #Zone #k9unit #k9handler #goodboy #OPL #OnPatrolLive #police #patrol #humanizethebadge #policek9 #germanshepherd #dayshift #cruzing #weseeyou #gsd #dog #doggo #dogsofinstagram #watchme #followers #NorthCarolina #trending #fyp #policek9unit #k9team #officer
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3 days ago
Congratulations and thank you! Stay safe!Image attachmentImage attachment

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

3 days ago
Thank you for 24 years of service!! We wish you all of the best and every success in your next endeavors!

Thank you for 24 years of service!! We wish you all of the best and every success in your next endeavors!Congratulations to Sgt. Scott Thorsen on his well-deserved retirement! Sgt. Thorsen has served our department and our community for nearly 24 years and will be greatly missed! Please help us thank him for his service and wish him a happy and healthy retirement! ... See MoreSee Less

3 days ago
Thank you for 21 years of service! Enjoy retirement and stay safe!Image attachmentImage attachment+2Image attachment

Thank you for 21 years of service! Enjoy retirement and stay safe! ... See MoreSee Less

3 days ago
Welcome and thank you! Stay safe! 💙Image attachmentImage attachment+2Image attachment

Welcome and thank you! Stay safe! 💙 ... See MoreSee Less

3 days ago
Jim Bedinger and Jorge Mendoza are honored to be attending the Texas Association of School Resource Officers Annual Conference, which is being held in in San Marcos from July 7 - 10, 2024.

Jim Bedinger and Jorge Mendoza are honored to be attending the Texas Association of School Resource Officers Annual Conference, which is being held in in San Marcos from July 7 - 10, 2024. ... See MoreSee Less

4 days ago
Jim Bedinger and Jorge Mendoza are honored to be attending the Texas Association of School Resource Officers Annual Conference, which is being held in in San Marcos from July 7 - 10, 2024.

Jim Bedinger and Jorge Mendoza are honored to be attending the Texas Association of School Resource Officers Annual Conference, which is being held in in San Marcos from July 7 - 10, 2024. ... See MoreSee Less

4 days ago
Congratulations! Stay safe!

Congratulations! Stay safe!Today Officer Taylor Warmbier celebrates five years at the Appleton Police Department. Join us in congratulating Taylor on his milestone anniversary! 🎉 ... See MoreSee Less

4 days ago
Congratulations! Stay safe!

Congratulations! Stay safe!Congratulations to OFFICER Daniela Alarcon-Medina who promoted from CSO this past Wednesday, after successfully graduating from the Academy.

Officer Alarcon-Medina grew up in Minneapolis, Minnesota, but moved to Sacramento, California when she was twelve years old. In high school, she joined the Citrus Heights Police Department Explorer program and it is there that her interest in law enforcement was born.

Officer Alarcon-Medina went on to attend Sacramento State University where she received her bachelor's degree in criminal justice. In 2022, she joined our department as a CSO before pursuing her dream of becoming a police officer.

In her free time, she enjoys the great outdoors and spending time with her family and friends.

Officer Alarcon-Medina is the first in her family to pursue a career in law enforcement, and thrilled to continue serving the City of Fairfield.
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4 days ago
Thank you for 40 (!!!!!!) years of service! Enjoy retirement and stay safe!

Thank you for 40 (!!!!!!) years of service! Enjoy retirement and stay safe!Police Chief Paul Sandy Announces Retirement

Police Chief Paul Sandy announced his retirement Monday. He will be closing out a four-decade career of distinguished service on July 31, 2024. He has worked in many capacities within the Cityof Cortland Police Department beginning as a patrolofficer in 1985 and culminating in appointment as Police Chief in 2021.
"We are grateful for Chief Sandy's dedicated service to the city and its police department," said Mayor Scott Steve "Chief Sandy has had a profound impact on the community. He is the first to offer help wherever he is needed and his reliable presence will be missed."
Reflecting on his decision to retire, Chief Sandy expressed gratitude for the opportunity to serve the city and thanked the men and women of thepolice department for their hard work and dedication. He also extended his appreciation to city officials, community leaders, and residents for their support throughout his career.
"I loved my job and did my very best to protect the citizens of this community and Cortland County, as well as my fellow officers," Chief Sandy said. "Looking back on my career it has been an amazing adventure and I met truly spectacular officers over the years, who it has been an honor to work alongside. The citizens of Cortland have truly wonderful officers working for them, who are dedicated to the profession. While I will always be available to assist the future command, it's time to step back and spend more quality time with my family."

Chief Sandy noted with pride that serving the community in law enforcement runs in the family. His son, Sgt. Kyle Sandy is a Cornell University Police Officer, his son Sgt. Cody Sandy is a Police Officer in the Cortland County Sheriff's Office, and his daughter-in-law Neena Testa is a Sheriff's Office K9 Officer.

His tenure as Chief, which began March 20, 2021, has been marked by numerous initiatives that will have a lasting impact. Under his leadership, the department launched several community outreach programs aimed at fostering stronger ties between law enforcement and residents. He also spearheaded efforts to modernize departmental technology and improve officer training, ensuring that the Police Department remains at the forefront of law enforcement practices.

Mayor Steve said he valued the working partnership he has had with Chief Sandy, and the resulting improvements and accomplishments including:
-Instituting permanent shifts for the Patrol Division; increasing the number of Patrol Officer's; placing two more Patrol Officers on each shift; and bring on three new K9 partners to continue the program.

-Addressing the narcotic sale, use and overdose crisis through the revitalization of the Cortland County

-Drug Task Force and reassignment of personnel; providing crisis intervention training to help officers engage and assist those in crises due to mental illness, substance abuse and trauma.
-Enhancing the department's capabilities through expanded instruction and training programs, and securing grant funding for improving law enforcement technology and equipment assets including body worn cameras.

The city will undertake a national search for Chief Sandy's successor while also considering whether to promote from within the department. Mayor Steve said that all applications must be submitted through the Cortland County Personnel/Civil Service Department which will forward qualified applicants to the city. As outlined in the City Charter, the Police Commission will review and evaluate the applicants and submit to the Mayor a list of recommended candidates.

More information about Chief Sandy:
Education: Chief Sandy has an extensive educational background, beginning with a Regents Diploma in Math, Science, and Business from McGraw Central High School in 1980. He went on to earn a Bachelor of Arts in Public Justice with a Minor in Forensic Science from the State University of New York at Oswego in 1984. He furthered his education with a Master of Arts in Labor Policy Studies from the State University of New York at Empire State in 2002. His dedication to continuous learning culminated with his graduation from the prestigious FBI National Academy in Quantico, Virginia, in 2005, wherehe earned graduate credits from the University of Virginia.

Career: Chief Sandy's career with our police department began in 1985 as a Uniform Patrol Officer. His commitment to justice and community safety quickly propelled him through the ranks. He served as a Uniform Sergeant from 1993 to 1995, then as a Detective Sergeant until 2003. His leadership skills and expertise in investigations led to his promotion to Detective Lieutenant, a position he held until 2009 when he became the Deputy Chief. In 2021, he was appointed Chief of Police, a role in which he has served with distinction until his retirement. Chief Sandy has been an integral part of the Cortland County Drug Task Force since 1995 and played
a key role in the Tactical Response Unit from 1988 to 1996, including serving as its commander. His strategic vision and operational acumen have been instrumental in addressing critical issues and enhancing public safety.

Professional Affiliations: Throughout his career, Chief Sandy has been actively involved in numerous professional organizations. He has been a member of the FBI National Academy Associates (FBINAA) since 2005, serving in various leadership roles, including President of the New York State &Eastern Canada Chapter in 2013 and Treasurer from 2019 to 2023. His affiliations also include the FBI Law Enforcement Executive Development Association (FBI LEEDA), the New York State Chiefs of Police Association, the Central NY Chief of Police Association, and the International Association of Chiefs of Police.
Community Service: Chief Sandy's commitment to community service is equally noteworthy. He has served on the boards of Catholic Charities and 7VCASA, been involved with the March of Dimes since 1999, coached youth soccer, and supported the New York State Special Olympics for nearly two decades. His contributions have strengthened the fabric of our community and inspired many.

Honors and Awards: Chief Sandy has received numerous accolades for his outstanding service, including the Edward F. Moore Leadership Award from the FBINAA in 2016, the NYS Special Olympics Award in 2002, and the Lawman of the Year award from the Cortland Elks Club in 2001. His exceptional service has also been recognized through letters of commendation from various distinguished officials and organizations.
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4 days ago
Thank you for 21 years of service!! Enjoy your retirement and stay safe!Image attachmentImage attachment+2Image attachment

Thank you for 21 years of service!! Enjoy your retirement and stay safe! ... See MoreSee Less

4 days ago
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4 days ago
Thank you! Stay safe!

Thank you! Stay safe!Today marks the beginning of the 4th Greene County Sheriff’s Office Law Enforcement Academy! 🚔

These dedicated Detention Officers have started the journey of becoming Deputies. Join us in wishing them luck as they begin their studies and training. 💪

“I’m proud of this group, and am excited to see them continue to develop their careers here at the Sheriff’s Office” – Sheriff Arnott

#GCSO #lawenforcementacademy #firstdayofschool
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4 days ago
Congratulations! Stay safe!Image attachmentImage attachment+7Image attachment

Congratulations! Stay safe! ... See MoreSee Less

4 days ago
What is the difference between a fixed-rate and an adjustable-rate mortgage?

On a fixed rate mortgage, your interest rate will stay the same for the life of the loan. Your monthly principal and interest payment will not change. On an adjustable-rate mortgage, your interest rate will be fixed for a certain time period (usually 5 or 7 years) and then will fluctuate every 6 months after this period based on market conditions.

For more information and to learn about our ARM Promotion, please visit: https://nationalpolicecu.com/arm-promotion/.

What is the difference between a fixed-rate and an adjustable-rate mortgage?

On a fixed rate mortgage, your interest rate will stay the same for the life of the loan. Your monthly principal and interest payment will not change. On an adjustable-rate mortgage, your interest rate will be fixed for a certain time period (usually 5 or 7 years) and then will fluctuate every 6 months after this period based on market conditions.

For more information and to learn about our ARM Promotion, please visit: nationalpolicecu.com/arm-promotion/.
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4 days ago
Thank you!! Great job!! We see you. We appreciate you. We support you.

Stay safe.Image attachmentImage attachment+1Image attachment

Thank you!! Great job!! We see you. We appreciate you. We support you.

Stay safe.
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6 days ago
We will Never Forget.Image attachmentImage attachment+4Image attachment

We will Never Forget. ... See MoreSee Less

6 days ago
Thank you for 25 years of service!! All the best and every success in your retirement! Stay safe!

Thank you for 25 years of service!! All the best and every success in your retirement! Stay safe!Well done Brother. Police Sergeant Mark Gorbe has retired after 25 years of service in the Dearborn Police Department. ... See MoreSee Less

6 days ago

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Financing a College Education

Do you ever wonder how you are going to pay for a college education as costs continue to go up, and up, and up again?  As the saying goes, you can pay now or you can pay later.

Most of the time, it is better to pay now.  Paying for a college education is no exception, but many parents and/or future college students find themselves unprepared for the finance piece of the puzzle when college arrives.  When you are unprepared, your options are limited.  Many students are forced to either borrow money, settle for a school that may not meet their educational needs, or put off going to school altogether.

There is nothing wrong with borrowing money to pay for a college education, but if that borrowing can be minimized or eliminated with a little planning and a strategy that is tailored to your own financial situation, it is worth your time to explore the option of paying for that education now instead of later.

The tall task of paying for a college education is daunting, especially if you think about the cost in its entirety.  When facing such a challenge, it always helps to set your goals one step at a time.  Doing this will help you think more clearly about what you intend to achieve and how you will reach the desired result.  It also may help to know that, in many cases, paying for the entire cost of a college education on your own will not be necessary.

The first step in determining how you will reach your goal will be to understand all of the factors and preserve as many of your options as possible.  Factors that will impact your education financing options start with your own individual situation and the answers to questions, such as…do you have a budget and, if so, do you stick to it?

If funding a college education is a priority to you then you will find a way to make some money available each week or each month and the sooner you get started the better.  Other factors include what, if any, access you have to additional funding sources, such as family members and friends.  If you make a college education a priority, you might be surprised at the extent to which others can help you reach your goal.  Many grandparents, aunts, uncles, and neighbors would be delighted to purchase savings bonds or help you to contribute to a college savings investment for your son or daughter in lieu of giving gifts that will otherwise be grown out of or discarded.  They can spend money they are comfortable spending and they will save time that they would’ve spent shopping and worrying about whether they were purchasing the right gift.

Additional sources of college funding include governmental or scholastic grants, and civic and local scholarships.  Many schools and communities make tuition assistance available to individuals who belong to charitable or civic oriented organizations.

Other factors that will impact cost and your ultimate financial goal include whether or not the student plans to live at home while attending school, if they will be a full-time or part-time student, and whether or not income from a part-time job will factor into the equation.  Most colleges reward good students with employment opportunities that help to offset tuition cost.  As an example, many schools employ students as Residence Assistants in dorms for the purpose of monitoring dorm life and providing a guidance resource.  Resident Assistants often receive a sizable reduction in their tuition and room and board costs while they serve in that capacity.

Clearly, there are many variables and options that are worth exploring and understanding before you determine more specific funding targets and your ultimate goal will be much easier to achieve when you are able to break the process down into smaller parts.  The common thread in these options is an early start to saving as much money as you can.

While there are a seemingly endless number of investment choices, it is typically best to match your need to a corresponding plan.  In other words, if you want to save for college, it is best to do so using an investment plan specifically designed to maximize your college savings and one that offers you all of the corresponding benefits.  There are several legitimate investment options available, but it is important to identify the specific option that best works for you.  It is also important to select an option that is specially designed for your goal and your time horizon.

Investment options will differ from state to state as will the benefits of each plan, but most plans offer a lot of flexibility that you can use to your advantage.  Many plans allow for multiple contributors at varying times and, in many cases, tax credits are also available to the account holder as well as to any contributors to the plan.  Additionally, many plans provide for a re-direction of funds if college plans change.

Investment plans can be set-up for a regularly scheduled direct deposit, which can be an excellent budgeting tool for people or households with steady incomes and manageable expenses.  Most plans do not require you to select a specific school nor do they mandate attendance at a school in your state.

If college is right around the corner and you have not been able to save enough to cover the costs, borrowing may very well be a necessity.  If this is the case, shop for the best programs and rates.  Be sure to fully understand the repayment terms of any loan you obtain.  They are often different than other loans because there is typically a deferment clause that allows the student a certain amount of time to complete their coursework before they have to begin making payments on the loan.  Sometimes the deferment applies only to principle and other times no payment of any kind is required until studies are complete.

Student loan programs are obviously designed with students in mind and because of this, the terms are often beneficial to students with little or no income.  This benefit can also be a curse, however, because the full amount of the loan is still going to come due at some point and that due date usually coincides with the arrival of a bunch of other bills, like the first month’s rent, auto expense, and other costs you incur when you enter the real world.  It is hard enough to get started on your own these days without having to do so with thousands of dollars of debt already weighing you down.

All of these thoughts and considerations will help you to be better prepared when college arrives for you or your household and anything that you do to plan ahead for as long as possible will help you to not only achieve your educational goals, but to do so at the most reasonable cost possible.  The more you account for and set aside now, the less you will have to pay later.

Don’t worry about figuring everything out today.  The most important thing for you to do is to think about your goal and understand all of the ways that you can reach that goal…then, get started on achieving it.

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

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.

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