Managing Your Finances: Fact or Fiction

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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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Managing Your Finances: Fact or Fiction

Understanding and managing your finances, especially the information that may be contained in your credit report, can be a daunting task.

Even people who have experience in the financial industry can be confused about their options and the impact they will have on their credit report and their ability to effectively manage their own finances.

Here a few of the more common beliefs and misconceptions coupled with responses that will serve to set the record straight.

Belief: Cash is king; I have great credit because I pay cash for everything

Response: Fiction

While it is a great idea not to buy things that you cannot afford, you have to actually establish and use forms of credit in order to earn a credit score. The more often you demonstrate that you are responsible with the credit that you have been granted, the stronger your score will be and the better access to credit you will have.

There is a happy medium here. It is not a good idea to try and establish all of your credit all at once and you certainly want to avoid opening up and trying to maintain too much credit. A typical credit report will often contain a mortgage trade line, one or two auto trade lines, and two or three credit cards along with whatever previous credit you obtained and paid off or otherwise closed. Establishing this type of credit will ultimately help you to build up your score as you make timely payments and pay down your debt levels while maintaining available credit sources. As your credit history builds so will your score.

You should still use cash when it is comfortable for you to do so, just don’t expect to build up your credit score without first establishing a credit history.

Belief: The most important part of my credit report is my score

Response: Fact

Everything contained in your credit report is important and personal to you. In addition to the names of your creditors and the balances that you owe them, information contained within your credit report includes your Social Security Number, your date of birth, your home address, and your place of employment.

You should monitor your credit report regularly, if for no other reason than to ensure accuracy. The information that everyone, from a potential lender to a potential employer, will look at with the most interest, however, is your score. Today, in our quick answer-immediate response world, your score is the single most important factor in determining whether or not you will be approved for that loan or, in some cases, be granted a job interview.

There are many scoring systems, at least one for every credit bureau, but they all have one thing in common. The higher your score, the better off you will be. Your cost of borrowing will be lower and your options will be greater.

Belief: I don’t have any control over what my credit report says

Response: Fiction

Nothing could be further from the truth. The data included in your credit report is a recording of your decisions, payments, requests, and overall handling of the credit you have sought and/or gained. It is your duty to act responsibly with the credit extended to you just as it is your duty to make sure all of the information on that report is accurate.

Belief: I will hurt my credit score if I meet with a Financial Counselor

Response: Both fact and fiction

Simply meeting with a Financial Counselor will not have any impact on your credit report, whatsoever. Keep in mind that you have to share certain data with a creditor or any company that reports information to a credit bureau in order for that transaction to show up on your credit report. It is a good idea to understand what, if anything, potential creditors or financial professionals are going to do with your information before you do any business with them.

If you decide to employ a Financial Counselor and you give them permission to act on your behalf in re-structuring or reducing the amount of debt you owe a creditor or a group of creditors, those actions could very well have a negative impact on your credit score. Even if you reach a mutual agreement with a creditor who allows you to settle with them for less than what you owe them or to pay them over a longer period of time than what was originally agreed, that creditor will almost certainly report that information to the credit bureau and that data will cause your credit score to drop.

Belief: The more money I make, the higher my credit score will be

Response: Fiction

Your credit score really doesn’t have anything to do with how much money you make. One of the measurements that influence your score is the amount of debt that you have, but your income has no direct impact on your score. If you make a minimum wage, but you make loan payments as agreed, you can have a credit score that equals or exceeds maximum wage earners who may or may not manage their finances as well as you

Belief: I don’t have enough money to hire a Financial Advisor

Response: Fiction

Reputable Financial Advisors can be helpful in virtually any financial situation from establishing a college fund through retirement planning. You can establish an investment plan for very little money and begin habits that will serve you well throughout your life.

While some professionals may cater to a wealthier client base and charge accordingly, the vast majority of Financial Advisors are very affordable. Many are paid through the commissions and fees that you are already paying on your investment accounts.

Lastly, please remember that the best way to manage your finances and the information contained in your credit report is to take an active role in the process. Review your statements. Ask questions when you don’t know the answer. Obtain your credit report for free from one of a multitude of websites offering that service. Make sure that everything is accurate and, if something doesn’t look right, take immediate corrective action.

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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When I hear these statements, I can’t help but question the validity of them. It is far too easy to say and then believe that when hard times hit there was no way you could have been prepared and it is, undoubtedly, a great way to absolve yourself of any blame.
STOP!
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