The Holiday Spirit

Facebook

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Cover for National Police Credit Union
NEW EPISODE: Home Inspection Failures

The Mortgage Beat is live with an all-new episode featuring John Aretos, CEO, Police Mortgage, created For First Responders Who Are Second to None! 
To hear the episode, please visit: https://policemortgage.com/mortgage-beat-episodes/.

#PoliceMortgage #Mortgage #FirstResponders #LawEnforcement #EverybodyGoesHomeLetsGetHomeTogether

NEW EPISODE: Home Inspection Failures

The Mortgage Beat is live with an all-new episode featuring John Aretos, CEO, Police Mortgage, created For First Responders Who Are Second to None!
To hear the episode, please visit: policemortgage.com/mortgage-beat-episodes/.

#PoliceMortgage #mortgage #firstresponders #lawenforcement #everybodygoeshomeletsgethometogether
... See MoreSee Less

18 hours ago
Thank you for 26 years of service!! Enjoy your retirement!!
#HeroImage attachment

Thank you for 26 years of service!! Enjoy your retirement!!
#Hero
... See MoreSee Less

2 days ago
Congratulations and thank you both, K9 Loki Officer Schmidt-Quist! Stay safe!

Congratulations and thank you both, K9 Loki Officer Schmidt-Quist! Stay safe!The Racine Police Department would like to officially welcome K9 Loki and his handler Officer Justin Schmidt-Quist. Officer Schmidt-Quist has served with the Racine Police Department for almost 13 years. Loki is a two and a half year old Belgian Malinois. We would also like to thank S.O.L.E for their donation to purchase Loki. ... See MoreSee Less

2 days ago
Congratulations!! All the best to you both, Officer Glaum! Stay safe!

Congratulations!! All the best to you both, Officer Glaum! Stay safe!The KPD would like to welcome the newest member to the Canine Unit. After two full days of extensive testing, this 14-month-old male Belgian Malinois was selected to join the team. Officer Glaum and this pup will begin their 10-week training at the end of March. Thanks to a sizable donation from a benefit held by the Starlite Club, their team has naming rights to this very handsome boy. If you are interested in donating to the canine unit, naming our next canine, or learning more about the canine unit please contact Lt. Jurgens. We look forward to watching this team develop and progress. ... See MoreSee Less

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

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

2 days ago
Congratulations and thank you!
#Hero

Congratulations and thank you!
#HeroRepresentatives from KidsMatter and the Collaborative Youth Team stopped by the PD earlier this week to present a Kindness Award to one of our officers! Officer Maulding was nominated by a coworker for his extraordinary acts of kindness towards an elderly resident who was struggling after her closest family moved out of state. We are so proud of the extra mile he's gone for this resident and are very grateful that his kindness has been recognized. #kindnesscounts2us
... See MoreSee Less

2 days ago

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

4 days ago
Thank you for 23+ years of service!
#Hero

Thank you for 23+ years of service!
#HeroMaster Patrol Officer Stanbery retired from the Stillwater Police Department on January 31, 2024. He served the citizens of Stillwater for 23+ years. He worked as a patrol officer, field training officer, Detective with our Special Projects Unit, Special Operations Teams, Honor Guard, and an investigator with the Drug Task Force. Thank you Master Patrol Officer Stanbery!

#SWO
... See MoreSee Less

5 days ago
Rest in Peace, K9 Kex. We will Never Forget.Image attachmentImage attachment+4Image attachment

Rest in Peace, K9 Kex. We will Never Forget. ... See MoreSee Less

5 days ago
Rest in Peace, K9 Lun and K9 Max. We will Never Forget.Image attachment

Rest in Peace, K9 Lun and K9 Max. We will Never Forget. ... See MoreSee Less

5 days ago
Congratulation! Thank you! Stay safe!Image attachmentImage attachment+1Image attachment

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

5 days ago
Division President Jim Bedinger and Vice President Jorge Mendoza are honored to be attending the National FOP’s Leadership Matters, which is being held in Nashville, TN, from February 22 - 24, 2024.

Division President Jim Bedinger and Vice President Jorge Mendoza are honored to be attending the National FOP’s Leadership Matters, which is being held in Nashville, TN, from February 22 - 24, 2024. ... See MoreSee Less

5 days ago
Great picture!! Congratulations and thank you! Stay safe!

Great picture!! Congratulations and thank you! Stay safe!PPPD is beaming with pride today for long time, former PPPD Cadet & new Orland Park Police Officer Jacquelyn Skender, who was sworn in alongside her mother.

Jackie we are so very very proud of you!!! PPPD's Cadet program is comprised of young people who learn about police-community partnership and provide auxiliary resources in support of policing activities. We often learn more from them, then they from us. It is truly inspiring to support and watch the future leaders of public service excel.
... See MoreSee Less

6 days ago

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

7 days ago
NEW EPISODE: Home Inspections

The Mortgage Beat is live with an all-new episode featuring John Aretos, CEO, Police Mortgage, created For First Responders Who Are Second to None! 

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

#PoliceMortgage #Mortgage #FirstResponders #LawEnforcement #EverybodyGoesHomeLetsGetHomeTogether

NEW EPISODE: Home Inspections

The Mortgage Beat is live with an all-new episode featuring John Aretos, CEO, Police Mortgage, created For First Responders Who Are Second to None!

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

#PoliceMortgage #mortgage #firstresponders #lawenforcement #everybodygoeshomeletsgethometogether
... See MoreSee Less

1 week ago
Congratulations! Thank you!

Congratulations! Thank you!008th District officers accepting an appreciation award from our community partners at Sanad Social Services. We appreciate you too! ... See MoreSee Less

1 week ago
We will Never Forget.

We will Never Forget.Members of our OCSO Honor Guard were on hand today to pay our agency’s final respects to 26 year old Florida Highway Patrol Trooper Zachary Fink. He lost his life February 2nd in Port St Lucie during pursuit of a fleeing felon on Interstate 95. Rest in Peace Trooper Fink. 🙏 ... See MoreSee Less

1 week ago
Happy birthday🐾💙!!

Happy birthday🐾💙!!Woodbury City Police Department- NJ. K9 is celebrating birthday. ... See MoreSee Less

1 week ago
We will Never Forget. 
#HeroImage attachmentImage attachment+4Image attachment

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

1 week ago
Our thoughts and prayers are with the Law Enforcement community.

Our thoughts and prayers are with the Law Enforcement community.The Boston Police Department extend our deepest condolences to the family, friends and colleagues of Officer Paul Elmstrand, and Officer Matthew Ruge of the Burnsville Police Department in Minnesota and Firefighter/Paramedic Adam Finseth of the Burnsville Fire Department in Minnesota, who were killed in the line of duty on Sunday, February 18, 2024, as well as another officer who was wounded during this incident and has a long recovery ahead. ... See MoreSee Less

1 week ago

Latest Tweets

Feed Them Social: TikTok Feed not loaded, please add your Access Token from the Gear Icon Tab.

The Holiday Spirit

The holidays are here! Are you prepared?

Are you thinking about all of the shopping that you need to do or have you completed most of it already? Do you know how you will pay for all of the expenses that are a part of every holiday season? What is your financial strategy? Do you have one?

Do you belong to a Christmas Savings Club and set aside money throughout the year or do you head to your local credit union to apply for a loan to cover your holiday expenses? Your answer says a lot about how you manage your finances. While there isn’t necessarily a right or wrong answer, one approach is clearly going to set you up for a more satisfying holiday experience.

When you save money for the holidays, you are more prepared for the unexpected, you pay less for your purchases, and you are better able to make decisions on your terms within your time frames. With your money in hand, you will be ready if a sale pops up in August. You can typically pace your holiday shopping over any period of time that works for you and you will have more choices because of the flexibility that you created for yourself.

When you borrow money to finance the holidays, your choices are more limited, your purchases are more expensive, and you are more subject to someone else’s terms and conditions. The second you borrow money, you begin to pay for the use of those funds. The interest that you owe automatically increases the price of the purchases that you make meaning that your funds will not go as far. You probably won’t have as wide of a selection to choose from because you will be shopping at the latter end of the season and the time that you make available to shop will be subject to shipping restrictions, increased postage and handling costs, and/or crowded stores and the hours they choose to be open.

This is not a “have or have not” discussion. Some people may make themselves believe that their financial situation dictates that they have to borrow to enjoy a nice holiday season. Not true. Whether you pay for your holiday shopping with funds that you have saved or funds that you have borrowed boils down to your ability to plan effectively and to use a little will power when necessary.

My beloved mother-in-law is a great example of this point. She raised five children and she worked hard her entire life. She wasn’t needy in the sense that she made sure that there was food to eat and that her family was clothed, but she was not financially comfortable either. She had to forego many of the finer material things that many of us strive to accumulate as she strove to make ends meet.

Whatever she had or didn’t have, however, was secondary to her love of Christmas and her determination to make sure that she would provide a wonderful holiday experience for her family no matter what her financial circumstances happened to be.

At the start of each year, she would begin saving money from each and every paycheck. Her funds would slowly start to accumulate. She had an established limit for how much she could afford to save and then spend on each of her children and grandchildren. As the year would progress, she would be on the lookout for sales so that she could make her funds stretch as far as possible.

She always seemed to know what she wanted to buy with little or no help from anyone else and she always found a way to get the absolute maximum from the funds that she had. She found a way to let each family member know that she had been thinking about them throughout the year and she demonstrated it through the gifts that she provided.

She would come up with her own unique ideas and would remember the small, but really important details about what her kids and grandkids liked so that she could personalize her gifts for each recipient.

These presents were never extravagant, but when Christmas arrived the entire front room of her house was filled, seemingly to the ceiling, with something for everyone.

We all know, or we should anyway, that the holiday spirit cannot be measured by the quantity of gifts that you give or receive. It cannot be measured by anything that is tangible or able to be purchased.

In our family, the holiday spirit was on display through one woman’s determination to create a memorable experience for her family every year, her unbridled enthusiasm for Christmas, and her selfless devotion to each of us. Her love of Christmas and the holidays was infectious and it had a tremendous positive influence on us. The gifts were wonderful, but just a part of the joy that she would create and the fun that we would have.

The bottom line is that she did what she needed to do to fulfill her dream of what she wanted Christmas to be like for her family. It was a goal that was personal to her and she made it a point to dedicate herself to it year after year.

Whether or not your financial decisions are at all impacted by the holidays, there is something for all of us to learn from this example. The status of your financial situation should not be measured by the amount of money you have or don’t have, but rather the decisions that you make and the actions that you take to align your finances with your personal goals and financial objectives.

We also know that money cannot buy you happiness, but when you manage it effectively, you can at least remove financial worries from your list of concerns so that you can concentrate on other, more important things.

If you’re lucky, you have your own version of my mother-in-law in your family. If not, maybe you can be the one who leads by example. You may even find a little more holiday spirit along the way!

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

Share This Post

Recent Posts

You have undoubtedly heard some variation of the following… “The time to make your mark is during times of adversity,” or “When times get tough, the tough get going.”
Notable Quotables is part The Serial Decision Maker, an educational article series penned by Credit Union CEO Scott Arney.
And now for something really original…a list of lists! Just when you thought you had seen or heard of every list imaginable and received every bit of advice you could from lists and the people that construct them, I’ve got one more for you.

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.

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.

Subscribe to our Newsletter

We’d love to add you to our mailing list.