Member Newsletter -January 2025
Time to Make the Switch
As much as we love to look back and see where we have grown during the past year, we are more excited about what the new year will bring us in 2025. After 30+ years on our current core processor, GKCU will be converting to a new system provider to offer more advanced operational functions, more robust security enhancements, and, most importantly, more user-friendly interfaces. This new system will allow us to better serve you while also giving you a better banking experience in this new digital environment.
Although the conversion will not happen until June 1, we will be busy with preparations and training in the months ahead. We will work hard behind the scenes to make the transition easy for our members, staff, and vendors. During some periods, staff members may be unavailable due to training, but we hope you will be patient and allow other employees to help you. There may be intermittent maintenance / downtimes times to prepare for the conversion. Finally, we will implement new applications, which means creating new logins and passwords. We will keep you updated as times approach (so be sure to follow our social media), but we are confident you will like the changes, and the hard work during the transition will be worth it. What an exciting time for your credit union, and how we will be better for you! Happy New Year! ~ GKCU
Spark the Savings
As we turn the page on a new year, we focus on finding ways to save. Whether it is because we are starting to get bills in from all that holiday shopping or we are just more resolute to getting healthier and wealthier, the new year is a great time to make some changes to our minds, bodies, and wallets.
If you have not already, consider making a budget for your household. Look back at expenses from the past year and figure in at least a 2-4% increase in the coming year. Review all your current monthly bills and see where you can cut or decrease those amounts, especially with monthly auto payments. Finally, make a savings plan to allocate more money to earn more in investments, retirement, and savings accounts.
Tips for Financial Resolutions:
Put it in writing. When you see where your money is going, you are more apt to make changes.
Set at least 2 times a year to review your insurance, benefits and retirement plans and make adjustments as needed.
Review monthly subscriptions (especially ones on auto-pay) that you might have forgotten to cancel after a free trial. If you sign up for a new one, be sure to set a reminder on due date to continue or cancel.
Monitor and set limits for debit card transactions to avoid "impulse" buying.
Set up auto-transfer to savings to help with emergency and 'fun' spending.
Monitor Screetime
The holidays just passed, and many families received new devices, including laptops, tablets, phones, and watches. While we like to use them to access games, information, and social connections, we need to remember some basic tips when powering up and surfing online.
First, keep up with virus software to protect your devices from outside intrusions. Most fraudulent activity comes from clicking on links in pop-ups and emails, so virus protection can help if you accidentally hit the link.
Next, monitor the time you spend on your devices. We usually think of this with our kids, but many adults must also keep these online distractions in check. Set alerts or reminders to put your devices down and stimulate your brain and body in other ways.
Finally, only get devices when you can afford them. There is no need to put yourself in debt for the latest and greatest version of technology.
*Only visit websites that are reputible. If you are entering any personal information, ensure the website is secure (https:).
*Put child restrictions on family devices. Monitor what your kids are watcing and who they are interacting with online. Keep family devices in an open space for easy access and know your children's passwords and online accounts.
*Know when to power down and walk away. Engage in crafts, write a letter (with pen and paper!), or cook a special new meal to stimulate another part of your brain.
Celebrate Good Savings
Fixed-Rate VISA Credit Card
10.5% APR
with UChoose Rewards.*
Stop by any branch or apply online.
(*subject to credit approval. Must enroll card to receive rewards).
Holly Jolly GKCU
The holidays at GKCU were holly, jolly and bright! Participating in the city of Georgetown Christmas Tree Lighting, Parade and Ice Skating Rink; having a surprise visit from Santa at the drive-thru; and, giving the gift of love with presents to children in care of Williamsburg County DSS.